There was a 1,300% increase in the number of Bitcoin extortion cases reported to BitcoinAbuse.com in April versus March, with sextortion leading the charge. The number of Bitcoin (BTC) extortion reports filed by the users of BitcoinAbuse.com database increased 1,300% in April, perhaps with scammers taking advantage of the quarantined population. BitcoinAbuse.com allows anyone to […]
Continue Reading
Universal basic income models based on blockchain systems are being developed, but are they practical? Universal basic income, commonly referred to as UBI, dates back to the 16th century when Sir Thomas More depicted a society in which every person receives a guaranteed income in his famous book Utopia. While Utopia is a fictional work, […]
Continue Reading
Bitcoin’s founder, Satoshi Nakamoto, may have just moved his coins as an 11-year-old address moved the entirety of its funds to an untraceable chain. A Bitcoin (BTC) address that collected 50 BTC from a mining reward has just shown the first sign of activity since February 2009 — just one month after the creation of […]
Continue Reading
Private blockchains that have been specifically designed for enterprise use could be highly desirable targets for hackers’ attacks. When blockchain technology was first brought to the public’s attention, it was lauded on many fronts as “unhackable.” While there are many benefits to blockchain worth noting already, we probably still haven’t seen what its ultimate potential […]
Continue Reading
Gibraltar could be the next crypto hotspot, so what do companies based there think about the territory’s sector-leading regulations? For hundreds of years, Gibraltar was a vital part of the British Empire. The tiny territory, known as “The Rock” due to a gigantic protrusion of limestone that dominates its skyline, was sliced off the bottom […]
Continue Reading
The French central bank has announced the first successful test of a digital euro. Per a May 20 announcement from Banque de France, France has become the first country to successfully trial a digital euro, operational on a blockchain, following a call for new technology to back such a development at the end of March […]
Continue Reading
American digital asset management fund Grayscale has continued to grow, with the total assets under management hitting $3.8 billion. Grayscale, a major digital asset management fund, has continued to grow this year, with the total assets under management (AUM) hitting new highs. According to a May 19 tweet, Grayscale’s total AUM hit $3.8 billion, surging […]
Continue Reading
According to a new report, African nations have the highest rates of cryptocurrency adoption throughout the world. A new report published by Arcane Research shows that African countries have some of the highest cryptocurrency ownership rates worldwide. South Africa ranked third throughout the world with 13% of its internet users owning or using cryptocurrencies. Nigeria […]
Continue Reading
Hotel booking service Travala.com and flight booking website TravelByBit — both of which accept cryptocurrencies as payment — announced the merger of their platforms. Hotel booking service Travala.com and flight booking website TravelByBit — both of which accept cryptocurrencies as payment — announced a merger of their platforms. According to an announcement on May 20, […]
Continue Reading
The British-American entrepreneur admitted his privacy-oriented project Ghost borrowed from open-source anonymity coin PIVX, but apparently wants to sue it nonetheless. Eccentric cryptocurrency advocate John McAfee admitted his anonymity-oriented project Ghost “copy-pasted” parts of its whitepaper from the documentation for open-source privacy coin PIVX in a series of tweets today. He nonetheless appears to intend […]
Continue Reading