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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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Israeli Financial Authority to Accelerate Blockchain, Fintech Licensure

The Capital Market, Insurance and Saving Authority, a division of Israel’s Ministry of Finance (MoF), is looking to accelerate the process of procuring licenses for blockchain and fintech companies in the country.Israeli business news outlet Calcalist reported the development on Aug. 19. According to the report, the authority has launched dedicated industry teams, some of […]

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Youngest Bitcoin Millionaire Unveils Facebook Libra ‘Killer’

A cryptocurrency entrepreneur who became a bitcoin millionaire when he was still a teenager has launched a new venture that he claims will “kill” Facebook’s Libra.Erik Finman, 20, says peer-to-peer platform Metal Pay will be the first “all-in-one” cryptocurrency payments app and will change the way people send and receive money.“We’re going to finally bring […]

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BitPay Says Crypto Spending on Real Estate to Double in 2019

A luxury condominium complex in Orlando, Florida, is the latest firm to partner with BitPay to provide bitcoin payment processing for real estate transactions.Announced August 6, the Grove Resort & Water Park will accept bitcoin for purchases of their 878 resort-style condo residences. Yet, the relatively small update hides a larger story – BitPay is […]

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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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Walmart Cryptocurrency Patent Just The Latest Of A String Of False Starts

The past few weeks have yielded numerous stories about a crypto asset that Walmart reportedly submitted a patent for. This endeavor could be another attempt by the retail giant to gain entry into the financial sector, according to one expert.”Walmart has been trying for the better part of the past two decades to obtain a bank charter […]

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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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Facebook Plans to Launch “GlobalCoin” Cryptocurrency in 2020

Since the inception of digital currency, many brands and platforms have been trying to create their own unique form of cryptocurrencies with the sole aim of making financial transactions more comfortable than what it is today.In this light, Facebook is also planning to launch its own digital currency in early 2020, and if you think […]

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