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Is Amazon Moving into the Cryptocurrency Space?

Investors around the world expect Amazon (AMZN) to join the group of technology giants launching their own cryptocurrencies. These expectations have persisted despite Amazon Pay vice president Patrick Gaulthier making it clear that Amazon doesn’t wish to enter speculative areas.The rumors started in November 2017, when Domain Name Wire reported the company had registered three […]

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$3B Ponzi Scheme Is Now Allegedly Dumping Bitcoin by the Hundreds

Amid a downturn in the cryptocurrency markets, the apparent swathe of Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme could be to blame.On Aug. 14, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — called attention to the ongoing mass sell-offs from the fraudulent Chinese investment scheme, dubbed PlusToken.10 Million Investors […]

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U.S. Customs To Trial Blockchain System For Shipping

This month’s report from the U.S. Commercial Customs Operations Advisory Committee (COAC) reveals that the U.S. government is working on blockchain projects for international trade. One of these projects, on intellectual property rights, is slated for live testing this month.The COAC includes chairs from FedEx, Walmart, and Expeditors International. Walmart’s representative, Barry Baxter, is a […]

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China’s Digital Fiat Wants to Compete With Bitcoin – But It’s Not a Crypto

China may be about to launch a fiat digital currency, but in all likelihood, it will only resemble a cryptocurrency on the surface.And it probably won’t use a blockchain. While inspired to some degree by bitcoin and the like, the effort is explicitly framed as a strategy to beat them back.The project was thrust into […]

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A Beginner’s Guide To Cryptocurrency Feuds For Curious Bitcoin Newbies

Feuding happens in almost every industry and thanks to social media, normies like me can sit back and watch the juicy fights unfold.The world of cryptocurrency and blockchain is no exception, with many of its figureheads involved in serious squabbles that often span several years.Here’s a quick (but not exhaustive) look at who’s fighting with […]

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Accountants Move Into Cryptocurrency

Accountants are delving into the complexities of digital currencies such as Bitcoin and Ethereum to help their clients keep track of cryptocurrency assets and transactions, as well as the tax consequences, according to a new report.The survey was conducted by Blox, a crypto accounting platform, polling a group of tax and law professionals about the […]

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Blockchain Firm Settles With SEC Over Unregistered $6.3 Million SAFT

A healthcare-focused blockchain firm has settled charges with the U.S. Securities and Exchange Commission (SEC) over its 2017 ICO.The SEC said on Monday that New England-based SimplyVital Health, Inc. raised around $6.3 million in ether (ETH) via a pre-sale of its HLTH tokens to fund a touted “healthcare-related blockchain ecosystem” called Health Nexus.The pre-sale was […]

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Cryptocurrency Derivatives Trading 101: Everything You Need to Know

Cryptocurrency trading is simply the buying, selling, and exchange of crypto assets in the hopes of profiting from the price volatility and arbitrage opportunities in the market. The fact that cryptocurrencies deliver exponential gains (during bull runs), which dwarfs the performance of other assets such as stocks is one of the reasons cryptocurrency trading is […]

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North Korea Is Funding Its Weapons Program With Stolen Cryptocurrency

Hacking has become a central strategy for Kim Jong-un’s regime to generate revenue and soften the blow of economic sanctions. A new report from the United Nations, seen by the Associated Press, outlines the considerable breadth of the operation, which it says is being used to fund the development of weapons of mass destruction.The news: […]

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Blockchain Boom, Crypto Doom

Blockchain investment is on the rise, and the technology will surely make the digital world a safer place. Cryptocurrency, however, which is invariably linked to the blockchain discussion, aims to drag us down.To illustrate, consider the following facts, figures, predictions, and statistics in the 2019 Cybersecurity Almanac, co-published by Cisco and Cybersecurity Ventures:Cybersecurity Ventures predicts […]

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