The National Bank of Kuwait has launched a remittance product for cross-border live payments based on RippleNet’s blockchain technology. The National Bank of Kuwait (NBK) has launched a cross-border remittance product based on RippleNet’s blockchain technology, according to an announcement published Dec. 27. Established in 1952, the NBK is the largest financial institution in terms […]
Continue Reading
Dutch crypto firm Libereum has acquired Spanish soccer club Elche CF for $4.9 million, aspiring to restore the club to the country’s Primera Division via revenue from tokenization. Dutch crypto firm Libereum has acquired Spanish soccer club Elche CF for $4.9 million, according to a press release published to the Libereum website Dec. 26. The […]
Continue Reading
A recent study by the WSJ has revealed that hundreds of crypto offerings showed signs of fraudulent activity, improbable returns and plagiarism. Recent research by the Wall Street Journal published Dec. 27 revealed that hundreds of cryptocurrency offerings showed signs of fraudulent activity, improbable returns and plagiarism. In the course of its research, the WSJ […]
Continue Reading
American payments firm Square has been named Yahoo Finance Company of the Year. United States-based Bitcoin (BTC)-supporting payments firm Square has been named Yahoo Finance company of the year, according to a report from the media outlet Dec. 18. As Yahoo Finance reports, $26 billion market cap payments company — founded by Jack Dorsey and […]
Continue Reading
U.S. crypto investor law firm Silver Miller has filed a lawsuit against a purported crypto hedge fund manager who was allegedly operating a fraudulent Ponzi scheme. United States crypto-focused law firm Silver Miller has filed a lawsuit against a purported crypto hedge fund manager who was allegedly operating a fraudulent Ponzi scheme. The court […]
Continue Reading
Phishing attack on crypto wallet Electrum has claimed multiple victims and allows the perpetrator to empty Bitcoin wallets. A reportedly ongoing hack against cryptocurrency wallet Electrum has seen a malicious party steal almost 250 Bitcoin (BTC) (about $937,000), commentators reported on social media Dec. 27. Subsequently confirmed by Electrum itself, the attack consists of creating […]
Continue Reading
U.S. gov’t officials say they see “a lot of potential” in blockchain technology for disrupting centralized processes. Blockchain could make its way into disaster relief operations from the United States Department of Defense, the organization revealed in a press release Dec. 21. During a presentation hosted by the Defense Logistics Agency Troop Support’s Continuous Process […]
Continue Reading
A Taiwanese man has been arrested on suspicions of stealing electricity worth over $3 million to mine Bitcoin and Ethereum worth around $14.5 million. A Taiwanese man suspected of stealing electricity worth over $3 million to mine Bitcoin (BTC) and Ethereum (ETH) has been arrested, according to a report from local news channel EBC Dongsen […]
Continue Reading
The former CEO of now-defunct cryptocurrency exchange Mt. Gox, Mark Karpeles, claimed his innocence as the trial nears its end. Mark Karpeles — the former CEO of now-defunct cryptocurrency exchange Mt. Gox — has affirmed that he is not guilty in the final argument for his trial, Cointelegraph Japan reports Dec. 27. In court in […]
Continue Reading
A brief period of lower volatility appears to have set in across major cryptocurrency assets. Dec. 27: Bitcoin (BTC) is staying stable while major altcoin markets are showing signs of a fresh downward trend, led by Bitcoin Cash (BCH). Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 showed a mixed but broadly […]
Continue Reading