A “historic moment” for South Korean Crypto Exchanges and Investors. The South Korean government and financial authorities decided officially to recognize Cryptocurrency exchanges as financial institutions and banks. This is a big step forward for Cryptocurrencies in South Korea, as the new changes will allow Crypto Exchanges to provide services at a bigger scale and

Every scam ICO leaves a lot of dissatisfied people in its wake. Namely, the people who lost their funds to scammers. But the damage caused by scam ICOs is even more critical because it puts the entire crypto ecosystem in a bad light. The only way to prevent scams and thus avert damage to the

Cryptocurrency exchange Bithumb claims that it has recovered nearly half of the funds stolen in a recent high-profile hack at the South Korean trading platform. Hackers breached Bithumb’s online hot wallets on June 20, making off with approximately 35 billion KRW (~$31 million) before the exchange operator was able to transfer its remaining hot wallet

Stellar, the creator of the lumens (XLM) — often stylized as stellar — cryptocurrency, is said to be engaged in talks to acquire blockchain startup Chain for $500 million. Citing anonymous sources familiar with the discussions, Fortune reports that Stellar will pay $500 million worth of XLM to acquire Chain, which had previously raised more

Bitgrail, the Italian-based cryptocurrency exchange best known for being hacked of $170 million in Nano (formerly Raiblocks), has had the entirety of its bitcoin wallet seized by Italian authorities. In an announcement on Bitgrail’s website, the troubled exchange explains: “On 5 June 2018, under the provisions of the Court of Florence, the Bitcoins contained in the company’s wallet

Tron had its mainnet release at the end of last month, and the delayed EOS mainnet launch has caused major problems for the project, with excessive downtime and reports of holes and hacks all over the place. But a lot of investors chase mainnets; invest a few weeks before the launch, wait for the pump,

It’s a sad day for crypto investors. Well… at least for the individuals that are not used to such price drops as seen today before. If you, for example, started to invest in January 2018, you’re probably seeing a psychologist by now.  Market prices dropped more than 10 percent for bitcoin and several altcoins today, with no

Zhao ChengPeng, CEO of Binance, must be a happy man at the moment. His very own Binance Coin (BNB) reaches a new milestone of achieving 0.002287 BTC yesterday. This marks a monumental 8% increase for the crypto giant’s own cryptocurrency. This sharp rally just pushed Binance Coin’s market capitalization to a five-month high beyond $1.9 billion,

People try to get rich through Initial Coin Offerings and Cryptocurrency. Another way of earning money is to search for bugs and security risks in ICO’s and cryptocurrency code. Ethical hacker Guido Vranken knows where we’re talking about. He has made $120.000 in a week finding bugs in the EOS code. Hackers that would spot

Ripple has announced the University Blockchain Research Initiative, a collaboration with top unversities around the world. Ripple will commit over $50 million in funding to support and accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments. Ripple will work together with 17 institutions from all over the world. According to the statement of

South Korea, the third most prominent Bitcoin marketplace in the world, has long remained a source of uncertainty in the cryptocurrency space. The country’s government flat-out banned initial coin offerings (ICOs) in September 2017 and has since failed to deliver any sort of clarity in regards to the future of cryptocurrency within the East Asian nation. Meanwhile,

Climbing the Mount Everest is never without risk. According to CNBC, ASKfm, sponsored four “cryptocurrency enthusiasts” to hike Mount Everest. The hikers were asked to place a hard drive that contained $50,000 worth of ASKfm’s digital tokens which currently have no value on top of the mountain. The Mount Everest climb was part of an initial coin offering (ICO)

James Howells is not a happy man at the moment. James Howells is the name of the man who lost a hard drive with the key to more than USD 50 million in Bitcoin. Having gotten into mining in 2009, early enough to make a fortune, he accidentally threw away the hard drive holding thousands

Avi Salzman, a senior editor for Barron’s magazine, released a report this week featuring big money investors and executives from the rapidly growing cryptocurrency sector who generally believe, despite the recent bitcoin price drop, cryptocurrency will inevitably replace fiat. Inevitable Outcome Over the past five months, the valuation of the cryptocurrency market has dropped by

Things can turn around quickly in Crypto Land. The French Finance Minister, Bruno Le Maire, was quite skeptical of blockchain and cryptocurrency in the recent past, but seems to have seen the light. The European Union shows its willingness for taking a more leading, worldwide role in blockchain and cryptocurrency technology research and development. Bruno Le