The Latest News about Cryptocurrency

The founder of German-based startup Savedroid has allegedly disappeared after raising a reported $50 mln through both an Initial Coin Offering and private funding, according to local news outlet WirtschaftsWoche, today April 18.

San Francisco-based cryptocurrency exchange Kraken isn't planning to respond to the New York Attorney General's newly unveiled inquiry into the ecosystem.

While the smartest minds have created some game-changing companies backed by the power of Blockchain and cryptocurrencies, nefarious minds have also jumped on the bandwagon, fleecing unwitting investors in elaborate scams.

Police in China's northwestern city Xi'an have arrested a primary suspect and three accomplices for a suspected cryptocurrency "Pyramid-scheme" that is alleged to have defrauded over 13,000 investors of ¥86 mln, local news reported April 18.

Cannabis social networking platform MassRoots is developing a crypto token and other blockchain-based applications for its ecosystem of more than one million users.

The alleged thief behind Iceland's "Big Bitcoin Heist" has escaped from prison and escaped to Sweden.

The US-based Blockchain project Basis, which claims to provide a non-volatile cryptocurrency or stablecoin, has recently raised $133 mln in funding from big name investors, according to an official blog post published today, April 18.

Cambridge Analytica was responsible for compromising the data from 87 million Facebook profiles.

Energy giant BP would consider partnering with blockchain startups that are doing initial coin offerings, and it's even tested tokens internally, an executive said Wednesday.

The two biggest crypto concerns of global banks are debt liability from customers who have no protection from market volatility; and security risks associated with unregulated exchanges, such as terrorism funding, scam operations, money laundering and other financial crimes.

Craig Wright, the chief scientist of blockchain startup nChain who once claimed to be bitcoin's pseudonymous creator, has filed a motion in U.S. federal court to dismiss a billion-dollar lawsuit filed against him.

In early 2018, a team of entrepreneurs in Singapore launched a startup called the Blue Whale Foundation, aiming to overcome the crucial problems of sharing economy, such as high commissions and no employment benefits for the self-employed.

Brazil's largest investment company XP Investimentos is allegedly seeking to launch an over-the-counter Bitcoin exchange, local news outlet Portal do Bitcoin revealed Tuesday, April 17.

Tokyo and Hyogo police have arrested a further five persons in connection with an alleged fraud case involving ¥190 mln worth of Bitcoin, bringing the total number of arrested persons in the case to 12, local news outlet TBS reported April 16.

The privacy-focused cryptocurrencies are reporting solid gains today, soon after Pornhub announced it will now accept payments in verge's XVG token.

Online advertising has long seemed a ripe target for blockchain transformation.

Riot Blockchain, one of the many companies that changed their name to contain the word 'Blockchain' last year evidently on industry hype, has received a subpoena from the US Securities and Exchange Commission, according to a SEC Form 10-K annual report filed Tuesday, April 17.

The Philippines Securities and Exchange Commission has officially warned against 14 cryptocurrency investment schemes seeking to attract consumers in the country.

Chinese telecommunications giant Huawei revealed its latest Hyperledger-fuelled Blockchain offering at a conference in Shenzhen Tuesday, April 17.

Banking giant ICICI is moving ahead with a previously revealed blockchain trade finance initiative.

Announced Wednesday, Basis has raised $133 million in an initial coin offering, a round that featured an all-star cast of investors originally first revealed by CoinDesk back in October.

Cambridge Analytica, the firm that faced much criticism over its misuse of Facebook user data, had reportedly planned to organize its own initial coin offering before the news broke.

DAOs were meant to be the complementary governance model for running decentralized applications, with protocols for collective decision-making to keep them heading in the right direction.

Prices hit a four-day low of $7,823 yesterday reportedly due to whale dumping over $50 million-worth of the cryptocurrency in one Bitfinex trade.

The Chief Financial Officer at Wall Street's Och-Ziff Captial Management has left to become the new CFO at major crypto wallet and exchange service Coinbase, according to Coinbase's blog post published yesterday, April 17.

Telecommunications and smartphone provider Huawei has become the latest tech giant in China to launch a blockchain-as-a-service platform.

Since Bitcoin's inception in 2009, cryptocurrency mining has been popular both for average enthusiasts and hardcore fanatics.

Police in China's northwestern city of Xi'An have arrested the founders of a claimed nationwide cryptocurrency pyramid scheme that allegedly amassed 86 million yuan from over 13,000 people.

In the end, $150 mln worth of Nano was stolen, and given all the finger pointing, it is still unclear where the fault lies.

In the days following the much anticipated anti-ASIC hard fork on Monero's network on April 6th, miners who were early to the update managed to double, some even tripled their daily profits by upgrading their machines to match the new network standards.