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Home Blog Page 23

Facebook Bans Cryptocurrency and ICO Advertisements on Its Platform

Facebook Is Banning Ads for Bitcoin and ICOs
In today’s world of social media where information spreads at lightning fast speed, social networking giant ‘Facebook’ has been recently found flexing its muscles against its one of the biggest fights of controlling the spread of fake news.Moreover, with the recent craze surrounding cryptocurrencies, Facebook, which is one of the most largely used social networking platforms, is being frequently...

A New Cryptocurrency Mining Malware is Targeted YouTube Ads

A New Cryptocurrency Mining Malware is Targeted YouTube Ads
As the popularity of digital currencies continues to grow, so does the growth of online phishing activities. In the past, we have seen crypto miners luring online visitors on different websites to be a part of catchy advertisements and schemes taking undue advantage of the visitor’s computational power for mining process. Such attacks not only reduces the computational power...

Tether Breaks Ties With Audit Firm Friedman LLP, Confirms Relationship to be ‘Dissolved’

Analysts have been arguing over Tether issuing a huge number of tokens to Bitfinex, which are allegedly not backed by the U.S Dollar.
Over the last weekend reports surfaced that Bitfinex-owned Tether is breaking ties with its auditor Friedman LLP. It seems that the two companies have finally parted ways and ‘dissolved’ their relationship in a very unusual manner without any formal announcements.A company spokesperson in a detailed statement to CoinDesk said: “We confirm that the relationship with Friedman is dissolved. Given...

Coinbase – The Largest Cryptocurrency Exchange in the U.S registers $1 Billion Revenue for 2017

Coinbase - The Largest Cryptocurrency Exchange in the U.S registers $1 Billion Revenue for 2017
2017 has been a phenomenal year for crypto investors and so for the popular U.S-based cryptocurrency exchange ‘Coinbase’. Last year, as the cryptocurrency craze was at peak high the cryptocurrency exchange witnessed a massive inrush of investors signing up on its platform.As reported by Recode earlier this week, Coinbase has registered a whopping $1 billion revenue last year in...

India’s Telecom Giant ‘Reliance Jio’ Plans to Launch Its Own Cryptocurrency JioCoin

India’s Telecom Giant ‘Reliance Jio’ Plans to Launch Its Own Cryptocurrency Jiocoin
Reliance Jio is making strides within the telecom sector in India. In just two years since its inception, Jio has made big inroads within the telecom sector and now is planning to use the revolutionary blockchain technology to optimize its payments wallet by launching its own cryptocurrency, JioCoin.The company has formed a 50-member team comprising of young professional minds...

Billionaire Investor Michael Novogratz Starts a Cryptocurrency “Merchant Bank”

Mike Novogratz to Create Cryptocurrency Merchant Bank.
Ex-fund manager and billionaire investor - Mike Novogratz is planning to launch the first-of-its-king merchant bank which have its focus on blockchain related ventures and cryptocurrencies. Novogratz, the Chairman and CEO of Galaxy Investment Partners, had earlier planned for a $500 million Bitcoin-hedge fund but scrapped of the plans at the end of 2017 citing market volatility.However, it is...

South Korea Preparing a Bill For Complete Ban on Cryptocurrency Trading

South Korea Preparing a Bill For Complete Ban on Cryptocurrency Trading
The cryptocurrency markets are under heavy correction following the news coming from South Korea which states that the government officials are preparing a bill to bring to bring a complete ban on cryptocurrency trading in the country.South Korea’s justice minister Park Sang-ki told on Thursday that the government is preparing a bill to introduce a complete ban on trading...

Multiple Bitcoin-related Exchange Traded Funds (ETFs) Withdrawn on SEC’s

Multiple Bitcoin-related Exchange Traded Funds (ETFs) Withdrawn on SEC’s
Bitcoin’s popularity in the last year has swayed many institutional investors to formulate Bitcoin-related investment and trading products. The launch of Bitcoin Futures Contracts by the CBOE and the CME has provided more fodder to this.In the last month. many financial firms are seen lining up at the SEC’s doors to receive permission to open exchange-traded-funds (ETFs) tied to...