The US Treasury Department has just announced new sanctions against online criminal groups based in North Korea. The groups have reportedly conducted cryptocurrency ransomware attacks and other cyber crimes aimed at subverting international sanctions against the state. The US Treasury believes these attacks are directly funding the North Korean missile programme. This presents those companies…
A monthly report published by exchange platform SFOX (San Francisco Open Exchange) identifies an air of uncertainty within the industry about cryptocurrency’s place in the future of finance. With both bullish and bearish news events occurring over the last month, the price still appears to be in limbo around the $10,000 mark. Conflicting Signals Leave…
For most of its life, Bitcoin (BTC) was seen as a volatile gamble that was most likely to fail. Just look to the countless obituaries detailing the “death” of the cryptocurrency on this site. But, this narrative has started to change. Year to date, Bitcoin has gained a jaw-dropping 150%, shocking investors the world over.…
A UK artist has announced that he has sold a collection of 19 paints for a total of 490 Bitcoin. The price fetched for the collection at the time of writing is just less than $4.9 million. Lincoln Townley, the creator of the collection, has a history of selling his artworks for Bitcoin. In fact,…
Researchers at CoinCenter are in favour of a federal level regulatory framework to overlook intermediaries doing business with crypto assets in the United States. The non-profit organisation argues that the existing state-by-state regulations are a mess and that differing approaches in different jurisdictions limit the innovative potential of the industry. CoinCenter proposes an optional federal…
One in three millennials will be invested in a cryptocurrency by the end of next year, possibly enticed by the meteoric rise in the value of bitcoin over recent months, according to new research. The study by cryptocurrency exchange London Block Exchange reveals that five per cent of those aged below 35 already have cash…
The price of bitcoin and other cryptocurrencies has soared this year to record levels but for some, the bubble has already blown up in their face. Investors joining the bitcoin craze in December will have seen the value of their investments drop dramatically. Bitcoin tumbled by 30 per cent on Friday to as low as…
Another week, another of Crypto Tidbits. At long last, the Bitcoin price saw some bullish action this week, gaining some 10% over the past seven days according to Coin360.io. While BTC is trading 4% lower from its weekly highs, analysts are starting to believe that the trend for the cryptocurrency market is finally pointing upward…
Japan’s financial regulator says it will inspect all cryptocurrency exchanges in the country if it needs to, after $534m worth of bitcoin alternative NEM was stolen by hackers. 58bn yen (£380m) was taken from the Coincheck exchange last week. The incident is believed to be the largest case of cryptocurrency theft there has been so…
The much-anticipated, fully-regulated Bitcoin exchange and custody offering from Bakkt looks on track to make good on its previously-announced launch date later this month. The company has just announced that its Warehouse custody solution is now open for customer deposits and withdrawals. The Bakkt platform seeks to make investing in Bitcoin more friendly to institutional…