Topics

The Bitcoin mining ban started a fire sale on Chinese miners, FT investigation reveals where they went

When China banned Bitcoin mining, panicked local firms went into a fire sale mode for their rigs. The bulk of the crypto miners went to Russia, followed by Kazakhstan, the US, Canada, Paraguay, and even Venezuela. The more expensi...

Daniel Zlatev, 22 Nov 2021 21:16

The crypto token Avalanache has a distinct technical advantage in comparison to Ethereum (Image: Avalanche)

The rising Avalanche token is now the 10th biggest cryptocurrency in the world and its technical advantages could make it a viable Ethereum alternative

The lesser-known, but recently rising crypto token named Avalanche intends to challenge Ethereum by offering certain technical advantages that could potentially turn it into a noteworthy alternative to the second largest cryptocur...

Enrico Frahn, 22 Nov 2021 20:48

A “Bitcoin City” is set to be built in El Salvador, initially funded by bitcoin. (Image Source: Executium on Unsplash)

El Salvador's president announces “Bitcoin City”

Plans for “Bitcoin City” have been unveiled by El Salvador's president, Nayib Bukele. The build would be financed by bitcoin-backed funds, covering public infrastructure, like an airport and local services.

Polly Allcock, 21 Nov 2021 18:00

The majority of American millionaires is invested in cryptocurrencies including Bitcoin, Ethereum and meme coins like Shiba Inu and Dogecoin (Image: Executium)

Survey finds 68% of millionaires in the US own crypto | Ethereum, Bitcoin and meme coins like Shiba Inu and Dogecoin are popular investments

The survey also explores the reasons why American millionaires decide to invest in crypto, while claiming that cryptocurrencies like Bitcoin, Ethereum but also the riskier meme coins Dogecoin and Shiba Inu Coin are very popular am...

Enrico Frahn, 19 Nov 2021 23:09

Due to the new law that includes mandatory reports of crypto transactions, the IRS could confiscate a record amount of cryptocurrencies in the coming years (Image: Bermix Studio)

Hundreds of newly hired IRS special agents could hunt down crypto criminals in the US as the authority expects to seize cryptocurrencies worth billions of dollars due to new taxation law

The US tax authority, also known as the Internal Revenue Service, anticipates seizing a record amount of cryptocurrencies in 2022. Such seizures could be conducted by hundreds of newly hired special agents, who would investigate c...

Enrico Frahn, 18 Nov 2021 21:40

China's totalitarian government has punished an official who violated the infamous cryptomining ban (Image: Reuters)

Politician who violated China's cryptomining ban is punished by getting expelled from communist party

The Chinese government strictly enforces recent bans in regard to cryptomining and financial transactions involving cryptocurrencies, and it has now caught and punished one of its own officials who allegedly accepted bribes from c...

Enrico Frahn, 17 Nov 2021 00:36

Biden signs crypto taxation into law, but a new bill aims to set exemption for miners

A bipartisan group of Senators has reintroduced a last-ditch amendment bill to exempt entities like miners or wallet developers from being considered crypto transaction brokers, stifling digital asset innovation. Under the new cry...

Daniel Zlatev, 16 Nov 2021 17:07

In New York City, one of the most expensive metropolis in the world, Bitcoin is an accepted payment method when buying a certain real estate property (Image: Patrick Tomasso)

Buying real estate with crypto: US$29 million property in New York City can only be paid for with Bitcoin

Cryptocurrencies like Bitcoin are not just an investment, but they also slowly turn into a more widely accepted payment method. In New York City, crypto millionaires can now even buy a desirable property with their bitcoins.

Enrico Frahn, 15 Nov 2021 21:09

A lawsuit may finally reveal who is Satoshi Nakamoto, the alleged inventor of Bitcoin

According to the heirs of one David Kleiman, he co-created the Bitcoin protocol together with another programmer, Craig Wright, and is entitled to half of the one million bitcoins their partnership created. They have filed a lawsu...

Daniel Zlatev, 14 Nov 2021 22:59

Sotheby's announces support for ETH bids in real-time

Sotheby's will hold The Now Evening Auction, to include some works by Banksy, on November 18, 2021 in New York. The house has announced that it will accept bids in ether (ETH) during this event. This is not the first time it has d...

Deirdre O'Donnell, 14 Nov 2021 17:57

The Shiba Inu Coin and Dogecoin had a rather unspectacular week (Image: Executium)

Shiba Inu Coin starts off the weekend with further losses as Dogecoin gains slightly

In comparison to Bitcoin and Ethereum, the Dogecoin and Shiba Inu Coin look back on a rather unexciting week. Just in time for the weekend, we briefly summarize the price trend of the two popular crypto meme coins.

Enrico Frahn, 13 Nov 2021 21:19

Miami mayor Francis Suarez broke the bitcoin yield news live on CoinDesk TV. (Image Source: CoinDesk)

The City of Miami will soon provide residents with bitcoin wallets and pay them dividends from the staking of MiamiCoin

Miami intends to become the crypto hub of the U.S. and its residents are bound to profit from this. The city is already staking its own BTC-powered MiamiCoin generating millions of US$ and residents will soon receive bitcoin yield...

Bogdan Solca, 12 Nov 2021 19:25

Cryptocurrency regulation vote deadline urged by the European Commission

The European Commissioner for Financial Services urged EU members and the European Parliament to agree on a crypto regulation proposal by November's end. Some EP members expressed skepticism about the deadline, indicating that it'...

Daniel Zlatev, 12 Nov 2021 18:27

It is debatable whether cryptocurrencies like Bitcoin and Ethereum can provide safety from inflation (Image: Executium)

Inflation concerns push Bitcoin and Ethereum prices lower, but analysts still predict another crypto surge

As traditional currencies like the US dollar are quickly losing buying power, experts say that the prices of digital cryptocurrencies could benefit from inflation, but such bullish predictions should always be treated with caution...

Enrico Frahn, 11 Nov 2021 21:34

A small farm of AMD-powered Raptoreum miners (Image Source: El Chapuzas Informatico)

New Raptoreum CPU-mineable coin could cause AMD processor shortage

Video cards might not be the only PC components that will see shortages in 2022. A new CPU-mineable coin named Raptoreum (RTM) is apparently more profitable than Ethereum right now, but it has an affinity for AMD processors with l...

Bogdan Solca, 11 Nov 2021 20:24

Ekibastuz coal-fired powerplant in Kazakhstan, now the world's second-largest bitcoin mining location (Source: Reuters)

Kazakhstan is now the second-biggest bitcoin mining location globally

As recently revealed by the Cambridge Centre for Alternative Finance, Kazakhstan is now the world's second-biggest bitcoin mining location, mostly due to the cheap power available and the crypto miners relocating from China. Howev...

Codrut Nistor, 11 Nov 2021 13:18

While Tim Cook has an interest in crypto, don't expect to buy an iPhone with Bitcoin anytime soon (Image source: Apple)

Tim Cook opened up about his personal interest in crypto but shuts down the possibility of adding Bitcoin as an Apple payment method

Apple CEO Tim Cook spoke briefly about his personal interest in cryptocurrency at a New York Times press event, stating that he personally owns crypto as part of his investment portfolio. However, he confirmed that Apple would not...

Arjun Krishna Lal, 11 Nov 2021 10:22

Reddit soon to embrace the NFT craze. (Image Source: Coins Mag)

Reddit could soon introduce its 500 million user base to NFT-backed karma tokens

80,000 redditors are already testing a community point system powered by a layer-two rollup using Arbitrum technology. This implementation is supposed to allow for gasless transactions and blockchain forks through community-based ...

Bogdan Solca, 10 Nov 2021 19:13

Shiba Inu to USD chart for the last month (Source: CoinMarketCap)

Shiba Inu’s userbase is getting closer to the 1 million milestone

In the past 3 months, the total number of Shiba Inu holders grew by roughly 50 percent. On Twitter, the Shiba Inu project has more followers than Kraken, Cardano, or Solana. However, it looks like it might take a while for this co...

Codrut Nistor, 10 Nov 2021 18:24

According to Tim Cook, Apple customers probably won't be able to pay for their new iPhone with bitcoin or other cryptocurrencies anytime soon (Image: Executium)

Bitcoin price drops slightly because Elon Musk could sell Tesla stocks and Tim Cook indicates that Apple won't accept crypto payments anytime soon

After a great start to the week, the Bitcoin has to digest a few rather negative headlines in relation to a statement made by Apple CEO Tim Cook and the recent actions by Tesla boss and crypto enthusiast Elon Musk.

Enrico Frahn, 09 Nov 2021 21:49

Robinhood suffers security breach exposing details of millions of customers.

Robinhood, the popular no-fee trading app, suffers a security breach exposing details of millions of customers

Robinhood, the no-fee stock and crypto trading platform, has suffered a security breach. The breach was the result of a third party getting access to some of the company's customer support systems. Infiltrators stole five million ...

Fawad Murtaza, 09 Nov 2021 17:00

BAT value in the last week, Brave Browser inks deal with Solana Labs (Source: CoinMarketCap)

Brave Browser joins forces with Solana Labs, blockchain integration coming next year

By joining forces with the fastest blockchain in the world, Brave Browser is planning to provide the best-in-class wallet features to its desktop and mobile browsers starting in the first half of 2022. However, the company will co...

Codrut Nistor, 09 Nov 2021 13:25

Many Discord users seem to be opposed to the idea of deep integration between the messenger and crypto assets. (Image source: Discord/Wikipedia/Unsplash - edited)

Discord Nitro users start canceling subscriptions en masse as CEO teases Ethereum and NFT integration

A tweet from Jason Citron, the founder and CEO of Discord, has resulted in a flurry of Nitro users canceling their subscriptions with the popular messaging service. The provocative post featured a screenshot of Discord settings th...

Daniel R Deakin, 09 Nov 2021 08:35

Crypto taxation passes with the House infrastructure bill, time to sort those Shiba Inu coin gains

Congress finally passed the new infrastructure bill with its provisions to tax cryptocurrency transactions essentially unchanged. Pending IRS and Treasury Department guidance, any digital asset class deal above US$10,000 may now h...

Daniel Zlatev, 06 Nov 2021 15:36

On the crypto market, Ethereum appeared to be quite stable, while Bitcoin dropped slightly and the Shiba Inu Coin continued its volatile ride (Image: Thought Catalog)

Shiba Inu Coin inches back up after whale moves 40 trillion tokens, Ethereum remains stable as Bitcoin weakens

Three cryptocurrencies, three different market trends. Just in time for the weekend, we summarize what has happened on the crypto market over the last five days, with a particular focus on Bitcoin, Ethereum and the Shiba Inu Coin.

Enrico Frahn, 05 Nov 2021 22:53

Blockchain technology is changing the future of video games. (Image Source: Scoop Blogs)

Ubisoft plans to develop blockchain-based play-to-earn NFT games

The metaverse is the next big thing and Ubisoft intends to become one of the major players in the blockchain-based video game industry by integrating a pay-to-earn model.

Bogdan Solca, 04 Nov 2021 15:52

Some financial experts believe that cryptocurrencies like Bitcoin are not an investment, but pure speculation (Image: Executium)

Experienced fund manager claims investing in cryptocurrencies is a religion

Even though the crypto market has been booming lately, there are still many critical voices among experienced investors who believe that cryptocurrencies are not an investment. It supposedly remains important to invest in the trad...

Enrico Frahn, 03 Nov 2021 23:17

While the price of Ethereum has increased and reached a new record high on Tuesday, predictions remain positive for the Bitcoin in November (Image: Executium)

Crypto news | Ethereum strikes back with a fresh all-time high as Bitcoin investors prepare for another strong November

After the second biggest cryptocurrency in the world arguably also played the second fiddle in the crypto news over last couple of weeks, Ethereum has now posted strong gains and reached a brand new all-time high. Crypto investors...

Enrico Frahn, 02 Nov 2021 21:37

There were hardly any winners from SQUID, mirroring the TV show on which its name was based. (Image source: Netflix)

Squid Game cryptocurrency creators disappear with over US$2.1 million

The Squid Game-inspired cryptocurrency has disappeared as quickly as it arrived. While the cryptocurrency neared US$3,000, it collapsed to US$0.0008 in approximately 5 minutes, wiping almost US$2.1 million of investments.

Alex Alderson, 02 Nov 2021 16:19

Coinbase notification scam steals US$11 million in bitcoin from a crypto account in 10 minutes

In a warning to Coinbase users not to fall for fake customer service representatives, a subscriber got their Bitcoin account plundered with their own helping hand.

Daniel Zlatev, 02 Nov 2021 15:30

The price of the unofficial and quite shady cryptocurrency based on Netflix's Squid Game has gone through the roof in the past seven days (Image: Netflix)

The sketchy Squid Game cryptocurrency soars by almost 90,000% in less than a week

The unofficial cryptocurrency of the ultra popular Korean Netflix series has surged immensely over the last seven days, even though there are some serious red flags which potential crypto investors should investigate before puttin...

Enrico Frahn, 29 Oct 2021 21:27

In contrast to the weaker Shiba Inu Coin, the Dogecoin may have started a new rally on the crypto market (Image: Executium)

Crypto news: Dogecoin hits highest price in two months while Shiba Inu Coin loses a bit of steam

The two competing cryptocurrencies are currently moving in opposite directions as the price of the Dogecoin slowly recovers, while the Shiba Inu Coin has to take a much deserved break after its recent surge.

Enrico Frahn, 28 Oct 2021 23:02

Officially confiscated bitcoins worth millions of dollars were put up for auction by German authorities (Image: Executium)

German authorities put confiscated bitcoins worth more than US$12 million up for auction

Due to German laws, the seized bitcoins worth millions of dollars cannot just be sold for traditional currency on a crypto marketplace, but instead have to be officially auctioned like any other confiscated object of value.

Enrico Frahn, 27 Oct 2021 23:35

ETH 2.0 coming soon TM. (Image Source: CoinTelegraph)

Ethereum's POS merger gets pushed back to June 2022, GPU supplies to remain limited

The Ethereum dev team was initially planning to activate the difficulty bomb this December, but client releases are still not ready for the POS merger, so a new Ethereum Improvement Proposal was created to delay things until June ...

Bogdan Solca, 27 Oct 2021 23:33

Elon Musk's crypto portfolio does not include Shiba Inu Coin, but Bitcoin, Ethereum and Dogecoin (Image: Executium)

Elon Musk reveals his crypto portfolio, says he only holds Bitcoin and two other cryptocurrencies but no Shiba Inu Coin

In a post on Twitter, crypto enthusiast and billionaire Elon Musk revealed that he has personally invested in only three cryptocurrencies. Even though he claims not to own any Shiba Inu Coin, the price of the comparatively small a...

Enrico Frahn, 26 Oct 2021 23:25

Mastercard seeks to raise crypto awareness and exposure for its younger demographic. (Image Source: New York Folk)

Mastercard partners with Bakkt to bring cryptocurrency services to hundreds of millions of U.S. customers

The cryptocurrency services include the ability for consumers to buy, sell and hold digital assets through custodial wallets powered by the Bakkt platform and streamlined issuance of branded crypto debit and credit cards with digi...

Bogdan Solca, 26 Oct 2021 14:39

Nvidia's high-priced cryptomining graphics card CMP 170HX has gone on sale for a price of US$4,300 (Image: Yahoo)

Nvidia's flagship cryptomining GPU CMP 170HX shows up at retailers for sales prices above US$4,000

With its special line of graphics cards for cryptominers, Nvidia tries to improve the availability of its powerful RTX GPUs for gamers. After an official release in September, the top-of-the-line Nvidia cryptomining GPU CMP 170HX ...

Enrico Frahn, 23 Oct 2021 20:54

Worldcoin promises to pay free crypto to users who scan their retinas with this orb-shaped device (Image: Worldcoin)

Silicon Valley startup Worldcoin offers free crypto for a scan of your eyes

The startup founded by American tech millionaire Sam Altman plans to scan the eyes of one billion people until 2023, and in return reward them with a free crypto payment in its own cryptocurrency called Worldcoin.

Enrico Frahn, 22 Oct 2021 23:09

Second thoughts regarding the crypto mining ban? (Image Source: RemoNews)

Chinese authorities could soon revise crypto mining ban

China's plan to crash the Bitcoin value appears to have backfired as the crypto coin is back to its values recorded before the crypto mining ban. On top of that, most of the Bitcoin hashing power was relocated from China to other ...

Bogdan Solca, 22 Oct 2021 14:46

Shortly after reaching a new record high on Wednesday, the Bitcoin and many other cryptos retreated slightly (Image: TheDigitalArtist)

Bitcoin retreats slightly after reaching new record high, crypto aficionado Elon Musk tweets picture showing Bitcoin price at US$69,000

The Bitcoin comfortably settled above the US$60,000 mark after reaching a new all-time record high yesterday, while crypto enthusiast and SpaceX founder Elon Musk may have predicted a Bitcoin jump to US$69,000 with a lewd post on ...

Enrico Frahn, 21 Oct 2021 22:09

Two crypto lending platforms have been directed to stop trading in New York (Source: Jievani Weerasinghe on Unsplash)

Two cryptocurrency lending platforms have been asked to cease activity in New York

Two crypto lending platforms have been ordered to stop trading in New York. The state's Attorney General, Letitia James, took this action as these companies have allegedly failed to register with the Attorney General's Office, a l...

Polly Allcock, 21 Oct 2021 12:17

A crypto-trading nurse from the US has become a millionaire by investing in Bitcoin and other cryptocurrencies during his lunch breaks (Image: Executium)

Nurse becomes crypto millionaire after starting to trade Bitcoin and other cryptocurrencies during his lunch breaks

The encouraging story of a pediatric nurse from the United States who turned into a successful crypto trader highlights that even people with regular jobs can profit from the continuous Bitcoin and cryptocurrency boom.

Enrico Frahn, 20 Oct 2021 22:45

Bitcoin reached US$66,923 before dropping a few hundred dollars. (Image source: Executium)

Bitcoin remains a cryptocurrency star as it hits new levels with a fresh all-time high

Bitcoin has reached a new high, having returned to over US$60,000 last week. Now, the cryptocurrency has appreciated to a few dollars off US$67,000 as it nears US$70,000. US$100,000 per coin no longer seems that far away.

Alex Alderson, 20 Oct 2021 20:50

Star investor Kevin O'Leary is confident that the crypto market will attract trillions of dollars of financial interest (Image: ABC)

Celebrity investor Kevin O'Leary predicts that trillions of dollars are coming to the crypto market

The future of the crypto market appears to be bright, which is why the prominent Canadian millionaire plans to double the percentage of crypto assets in his portfolio by the end of this year.

Enrico Frahn, 20 Oct 2021 00:03

Instead of the new MacBook Pro, viewers of a fake livestream were confronted with a crypto scam that targeted their Bitcoin assets (Image: Executium)

Bitcoin scammers created a fake livestream for Apple's MacBook Pro launch event and garnered over 30,000 views

With a relatively simple but faked YouTube livestream for Apple's MacBook Pro launch event, ruthless crypto scammers targeted impatient Apple fans and their valuable bitcoins.

Enrico Frahn, 18 Oct 2021 23:58

Steam will no longer feature games that issue NFTs and crypto to users (Image source: Steam)

Valve gets rid of all blockchain, crypto, and NFT games on the Steam platform

In a recent policy change, Valve decided that the Steam platform would no longer support games built on blockchain technology that let users receive or exchange crypto or NFT assets, raising questions about the future of player-ow...

Arjun Krishna Lal, 16 Oct 2021 17:57

Ransomware attacks may have cost businesses over US$5 billion in losses this year (Image source: Kaspersky)

US FinCEN watchdog reports that companies may have forked out nearly US$600 million in ransomware payments through 2021

The Financial Crimes Enforcement Network stated that so far in 2021, crypto exchange and financial institutions have reported nearly US$600 million in transactions to pay ransomware attackers. This is signifcantly higher than 2020...

Arjun Krishna Lal, 16 Oct 2021 13:48

Intel declares that the upcoming Arc Series graphics cards will not be limited in terms of cryptomining performance

The Arc graphics cards are slated to be released in the beginning of 2022. Intel has stated that its new series of GPUs will not be restrictive in terms of cryptomining performance. Intel aims to entice gamers and contest AMD and ...

Aleem Ali, 15 Oct 2021 23:36

While Bitcoin is nearing its record high, the Bank of England warns of the severe effects of a possible crypto crash (Image: André François McKenzie)

Crypto news: Bitcoin price surges past US$60,000 mark, Bank of England warns that crypto crash could cause global financial crisis

One of the best-known cryptocurrencies on the market is continuously gaining and closing in on its record high, but a financial institution in the United Kingdom warns that a crypto crash could possibly cause a full-blown financia...

Enrico Frahn, 15 Oct 2021 23:10

Gamers have had to put up with a shortage of graphics cards for a while. (Image source: Unsplash).

Nvidia allegedly halting RTX 3000 production this October to keep prices as high as possible until 1H22

Moore's Law Is Dead is back with quite the allegation. Unnamed sources of his are claiming that Nvidia may try to halt the production of all its RTX 3000 gaming GPUs in late October in order to keep street prices as high as possib...

Bogdan Solca, 15 Oct 2021 18:46