Tag Archives: News

Grin Mining Launch Draws Interest From Deep-Pocketed Investors

Grin, a new privacy-oriented cryptocurrency, has long drawn the interest of cypherpunks. But another group turned out in force to mine on the network that formally launched on Tuesday: investment firms. “We have been watching the whole show today. With maybe the most expensive genesis block one in history,” Dovey Wan of Primitive Ventures told CoinDesk. CoinDesk contacted… Read More »

Binance Foils Cryptopia Hacker by Freezing Stolen Crypto

Binance froze funds suspected to be associated with the Cryptopia crypto exchange hack. | Source: Shutterstock Binance has frozen some of the funds that were stolen from crypto exchange Cryptopia during the high-profile hack that occurred earlier this week. Binance Puzzled Why Hackers Keep Sending Funds to its Exchange Binance CEO Changpeng Zhao announced the news in an early… Read More »

BitGo & Genesis Trading Want to Help Whales Avoid Crypto Exchanges

BitGo and Genesis Global Trading have formed a partnership to help whales avoid crypto exchanges. | Source: Shutterstock Blockchain security firm BitGo has entered a partnership that will allow its clients to trade cryptocurrency assets that are held in its custody. The partnership with over-the-counter exchange Genesis Global Trading will allow BitGo clients to trade their digital assets… Read More »

S&P 500 Will Rally in 2019, Predicts ‘Stubborn Bull’ Joseph Zidle

Joseph Zidle does not believe the government shutdown will have a prolonged effect on the S&P 500. | Source: Shutterstock Blackstone’s new chief strategist, Joseph Zidle, says the government shutdown won’t have a lasting effect on the US stock market and predicts that the S&P 500 is heading for a 15% rally. Zidle Not Concerned about Government Shutdown… Read More »

Booming Chinese Capital Outflows May Result In 2019 Crypto Bull Run

Increasing rates of Chinese capital outflows over the past few months are presenting the cryptocurrency space with an unprecedented opportunity as citizens of one of the world’s most strictly regulated jurisdictions find ever more ingenious ways to get around financial movement restrictions. China’s Capital Restriction Problem In theory, China has perhaps the most stringent capital restrictions of any… Read More »

‘Critical’ Vulnerability in Beam Wallet Put Funds At Risk, Developers Say

Developers behind the privacy-focused cryptocurrency Beam have revealed that the “critical” bug discovered in their wallet software last week could have put user funds directly at risk. As stated in a Medium post published today, the vulnerability would have allowed an attacker to create “modified transactions” and subsequently send funds directly into the attacker’s wallet. In an exclusive… Read More »

Victory: Eddie Lampert’s $5.2 Billion Bid Rescues Sears from Bankruptcy

Eddie Lampert’s $5.2 billion bid rescued Sears from liquidation. | Source: AP Photo/Gregory Bull, File ESL Investments CEO Eddie Lampert has emerged victorious in the Sears Holding Corporation bankruptcy auction with a $5.2 billion bid that potentially saves tens of thousands of jobs and keeps 425 Sears stores open across the United States. Sears Shares Leap after Lampert… Read More »

ICOs Raked in $13 Billion Despite 90% ETH Price Drop, New Research Finds

ICOs made almost $13 billion in profits from their token sales despite the 2018 cryptocurrency bear market, new research from BitMEX reveals. BitMEX: ICO Issuers ‘Gave Themselves $24 Billion’ Published January 16, the third instalment of the trading platform’s dedicated series on ICO statistics also suggests ICO teams “gave to themselves” tokens worth over $24 billion at the… Read More »

US Lawmaker Reintroduces Bill Seeking ‘Safe Harbor’ for Some Crypto Startups

U.S. Representative Tom Emmer wants to boost crypto companies which may be impacted by state-level money transmission laws with a bill aimed at creating exceptions for firms which do not store any coins. House Resolution 528, which aims “to provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain services,” would… Read More »