The Latest News about Cryptocurrency

Changpeng Zhao, CEO of major crypto exchange Binance, has devoted his live AMA on Twitter to address community concerns in the wake of yesterday's $40.7 million hack.

The notorious cryptocurrency investment scheme OneCoin, widely claimed to be a fraud, is being sued by a former investor over her losses.

The next version of Ethereum, which uses Casper proof-of-stake, is live on the Prysm testnet.

Cryptocurrency exchange Bitfinex has released the official white paper for its $1 billion exchange token sale, revealing it will also launch a dedicated platform for projects to raise funds via similar initial exchange offerings starting from next month.

A blow was struck to the crypto community in India in late April as reports circulated regarding a proposed ban on cryptocurrencies.

Ethereum is soon to abandon bitcoin-style proof-of-work mining in favor of a long-in-development alternative system called proof-of-stake, but the economics are still being worked out.

Cardano has operated with a relatively small marketing profile, especially in contrast to projects like TRON. Although some of the reasons may be ideological, part of it may have to do with internal conflicts within the arm of Cardano responsible for marketing.

UPDATE: After this article was published, Changpeng Zhao, CEO of Binance, said in a follow-up tweet that after speaking with various parties, the exchange decided not to pursue the rollback approach.

Binance, the world's largest crypto asset exchange in daily volume, has experienced a security breach involving some 7,000 bitcoin valued at around $40 million.

Hackers stole more than 7,000 bitcoin from crypto exchange Binance, the world's largest by volume, the startup reported Tuesday.

Binance, one of the largest cryptocurrency exchanges by daily trade volume, has experienced a major security breach on May 7, according to a statement shared with Cointelegraph on May 7.Per Binance, hackers employed a variety of tactics including phishing and viruses to obtain a large number of 2FA codes and API keys in addition to other information.

Turkish Bahçeşehir University has reportedly opened a blockchain center at Boston's Northeastern University to provide informational support on blockchain technology, Daily Sabah reports on May 7.Apart from informational support, the BAU-NEU Blockchain Laboratory's objective is to apply for funds in the United States, the European Union and Turkey, thus boosting Turkey's presence in the blockchain market and attract specialists in the field.

Chinese cryptocurrency mining giant Bitmain's hashrate has noticeably dropped in the past 30 days, according to the company's hashrate disclosure update as of May 7.Per the data analyzing the hashrate of all Bitmain-owned hardware, updated once every 30 days, the SHA256 hashing algorithm - which is used in the bitcoin mining network - has dropped from 1,692.35 quadrillion hashes per second in March to 237.29 PH/s as of the beginning of May. This marks a noticeable downturn in the company's bitcoin mining power.

Former OneCoin investor Christine Grablis is suing the cryptocurrency investment scheme for fraud, according to a complaint filed on May 7.Grablis is seeking damages and a class action suit to represent other investors purportedly defrauded by OneCoin.

"I think it was quite realistic to criticize gold because you weren't gonna go to a gas station and pay for your fill-up with gold coins. But now, when gold can be digitized, put on the blockchain - moved around very easily, quickly, low cost between financial accounts, and it will even be used as a payment metric. There's gonna be cards coming out where you can use your gold to pay for things, including foreign purchases when you're traveling."

Whether you're a crypto cat person or a doge fan, at some point you're going to want to give crypto collectables a try.

Microsoft has announced the release of a new Azure Blockchain Development Kit for Ethereum.

Major cryptocurrency payment services provider BitPay has onboarded former Worldpay U.S. executive Glen Braganza as its Chief Financial Officer, according to a press release published on May 7.

Popular Russian crypto exchange aggregator BestChange will soon resume operations after being blocked by the government, crypto news outlet Forklog reports May 7.

The United States Federal Trade Commission is suing a startup for spending its raised funds on bitcoins and credit card bills, rather than the stated products, the court filing revealed on May 6.

The FBI has seized DeepDotWeb, a comparison search system and news site about dark web markets, accusing the outfit of money laundering.

The project behind a blockchain protocol designed to enable private internet browsing has raised another $7 million in funding, CoinDesk has learned.

Cybercriminals are now reportedly exploiting known vulnerability CVE-2019-3396 in the software Confluence, a workspace productivity tool made by Atlassian, according to a report by security intelligence firm Trend Micro Inc. on May 7.

According to the company's updated payment policy, merchants and users who engage in crypto trading will have their accounts terminated from the platform.

Bitmain's internal bitcoin mining operations are generating 88 percent less computing power than a month ago, suggesting that the industry giant has cut back on capacity.

As well as supporting a wide range of mainstream cryptocurrencies such as bitcoin, ether and litecoin, Bcnex says it is constantly expanding its offering to other quality tokens.

Singapore-based cryptocurrency exchange Zebpay has launched trading services in Australia, according to a press release shared with Cointelegraph on May 7.

The Federal Trade Commission is suing a startup that promised its crowdfunding backers a smart backpack but instead spent its proceeds on bitcoin and credit card bills.

Futures contracts of the second largest cryptocurrency, Ethereum, could soon be approved by the CFTC, a senior official at the regulatory body revealed.

Malta becoming the "Blockchain Island" is no longer a distant dream but a reality, which - within a very short time frame and through our tireless commitment to incorporate, use and embrace this new, emergent technology - has propelled our country to the forefront of the blockchain sphere; reaffirming our position as a main point of reference for other countries that will inevitably follow.