Bloomberg calls Bitcoin a bubble yet again, and Facebook is seemingly looking for $1 billion from VC firms for its stablecoin. Top Stories This Week NYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to […]
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A recent report estimated that Bitcoin SV miners have accumulated gross losses of $2.2 million. A tweet published on April 12 by the research arm of major cryptocurrency derivatives platform BitMEX estimates that Bitcoin SV (BSV) miners have accumulated gross losses of $2.2 million. The report released by BitMEX Research claims that BSV miners perceived […]
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U.S. federal jury convicted two alleged Romanian hackers of spreading malware to steal credit card credentials and illicitly mine cryptocurrency. A federal jury has convicted two Romanian alleged cybercriminals of spreading malware to steal credit card credentials and illicitly mine cryptocurrency, an announcement from the official website of the United States Department of Justice revealed […]
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Chinese government is considering the elimination of crypto mining. On April 9, Reuters reported that a Chinese government agency is considering the elimination of crypto mining in the country. Given that China has been hosting the majority of mining pools on its soil, the global crypto industry might be poised to take a massive hit. […]
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Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” San Francisco-based blockchain project Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” The news was announced by co-founder and CEO at Thor, David Chin on April 9. […]
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Decentralized computing network Blockstack has applied to the United States SEC to launch a $50 million token sale. Decentralized computing network Blockstack has applied to the United States Securities and Exchanges Commission (SEC) to launch a $50 million token sale which — if approved — would be the industry’s first SEC-qualified offering. The development was […]
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A developer survey shows that 80% of organizations are currently not using blockchain technology. Major developer community website StackOverflow has surveyed nearly 90,000 developers, and the results published on April 9 show that 80% of organizations are currently not using blockchain. As well, 12.7% of the developers responded that organizations use blockchain for non-currency applications, […]
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Bithumb confirmed that troubling market conditions spurred the losses, which come despite 17% sales growth. South Korean cryptocurrency exchange Bithumb had a net loss of 205 billion won ($180 million) in 2018 due to the Bitcoin (BTC) bear market, local English-language daily news outlet Korea Times reported on April 11. Citing data from the exchange’s […]
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Ripple Xpring and Bain Capital have invested in Robot Ventures, an early-stage blockchain venture capital firm. Ripple’s developer ecosystem project Xpring and Bain Capital Ventures have invested in early-stage blockchain venture capital (VC) firm Robot Ventures, head of the fund Robert Leshner wrote in a blog post on April 10. Leshner, who also founded Ethereum-based […]
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Major open-source browser Mozilla Firefox announced new protections against crypto mining attacks in its new browser versions. Major open-source browser Mozilla Firefox has launched new protections against crypto mining malware in its new browser versions, according to a blog post published on April 9. In its latest Firefox Nightly 68 and Beta 67 versions, Mozilla […]
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