Bitcoin Cryptocurrency News

China Ready to Roll out State-Backed Digital Currency

According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers. Facebook Libra’s coin has been all Read more…

Bitcoin Cryptocurrency News

New Jersey Man In Soup For Selling Bitcoin Worth $2 Million

New Jersey resident William Green faces up to 5 years in prison and a $250,000 fine for selling $2 million worth of Bitcoin online. The Justice Department Lays Down the Hammer On Wednesday the U.S. Department of Justice charged a 46-year-old New Jersey man with running an unlicensed Bitcoin exchange. William Green of Monmouth County Read more…

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Millionaire That Called Bitcoin “Dead” Briefs Congress About Crypto

Erik Finman, a Bitcoin Millionaire, Speaks to Congress Reps Erik Finman, the crypto wunderkind that became a Bitcoin (BTC) millionaire at 18, has purportedly just briefed a group of Congressmen and Congresswomen about the cryptocurrency asset class. The weird thing is, in December, the cryptocurrency early adopter claimed that should Bitcoin not solve its scaling Read more…

Altcoin Cryptocurrency News Market

Korea alone estimates a loss of $2.3 billion from crypto-related crimes in just two years

Following a data released by the Korean government, Korean news agency, Yonhap reported that crimes associated with cryptocurrencies have caused a financial loss of about 2.7 trillion won which is nearly $2.3 billion in the last two years. The data from the government revealed that the monetary damage caused in a period of two years […]

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Blockchain Cryptocurrency News

Overview: Facebook Libra Project US Senate Hearing

Earlier today Facebook Libra met with US Senators from the Senate Banking Committee. Here are a few highlights of note from the hearing. Facebook Libra Meets with Lawmakers Again Today Facebook answered questions from concerned US lawmakers on the Senate Banking Committee. As previously covered by Bitconist, lawmakers are worried that Facebook’s Libra cryptocurrency could Read more…

Bitcoin Cryptocurrency News

FinCEN Unveils New Bitcoin Guidelines: Here’s What You Need to Know

On Thursday (May 9, 2019), the U.S. Financial Crimes Enforcement Network (FinCEN) published new guidelines showing how anti-money laundering (AML) laws apply to Bitcoin and the rest of the cryptocurrency in general. Mandatory KYC for P2P Bitcoin Trading Platforms In a tweet published on Friday (May 10, 2019) notable cryptocurrency legal expert Jake Chervinsky provided Read more…

Cryptocurrency News Market

Cryptojacking Overtakes Ransomware as Top Malware in Some Countries

Cryptojacking, the unauthorized use of another’s hardware to mine cryptocurrency, has become the biggest cyber threat in many parts of the world, Bloomberg reported Dec. 14. According to research from cyber security research firm Kaspersky Lab, cryptojacking overtook ransomware as the biggest cybersecurity threat particularly in the Middle East, Turkey, and Africa. In Afghanistan and Read more…