Author: Urban

Bitcoin Price Drops to $6,400: Further Decline to Low $6,000 Region in Play?

October 22, 2018 0 0

In the last 24 hours, the Bitcoin price has experienced a gradual decline from $6,500 to $6,410, struggling to demonstrate momentum in the relatively low region of mid-$6,000. On October 21, CCN reported that the low volume of Bitcoin remains a concern for traders, as it demonstrated the lack of interest in investors in the […]

Samsung SDS, ABN AMRO to Link Blockchains in Europe’s Largest Shipping Port

October 22, 2018 0 0

Samsung SDS, the IT subsidiary of Korean giant Samsung, is collaborating with Dutch ‘big three’ bank ABN AMRO for a logistics blockchain pilot tracking the shipment of a container from Korea to the Netherlands. In an announcement on Monday, Samsung SDS revealed details of a new partnership with the Netherlands bank for a joint blockchain pilot to […]

Dark Web Dealer ‘OxyMonster’ Forfeits $700,000 in Crypto with 20-Year Prison Term

October 22, 2018 0 0

US District Judge Robert Scola has imposed a 20-year prison sentence on 36 year-old Gal Vallerius also known as “Oxymonster” on the dark web drug hub Dream Market. In June, CCN reported that the French-Israeli citizen was apprehended by police at Atlanta airport in 2017 while attending the World Beard and Moustache Championship in Austin Texas. He will […]

Bitcoin ATM Firm Not Liable for Scam Victim’s Losses: Canadian Judge

October 21, 2018 0 0

A Canadian bitcoin ATM firm which was sued by a victim of fraud can finally breathe a sigh of relief after a judge ruled that the firm was not liable for the losses incurred. The victim, a woman whose name was withheld, had sued Instacoin ATM Canada to get back the C$62,500 she sent using the firm’s […]

Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees

October 21, 2018 0 0

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by trading volume, recently fired “at least” 20 employees amid restructuring efforts being made to “focus on professionalization, better governance and more agility in customer service.” Local news outlet Portal do Bitcoin reportedly spoke to four now ex-employees that served at different hierarchical levels. One noted it “was horrible” and said […]

The Onion Released a Guide to Blockchain, and It’s Hilarious

October 21, 2018 0 0

Despite the many amazing use cases for public and private blockchain networks, there’s no way around the fact that the word “blockchain” has been misused, misunderstood, and hyped into a state of near-meaninglessness in the last few years. Money-hungry ICOs have jumped on the chance to put everything from celebrities to board games “on the blockchain,” and there have been multiple […]

86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price

October 20, 2018 0 0

Global professional services firm Ernst & Young (EY) has released a report on the performance of ICOs over the last year, and in keeping with the bear market for cryptocurrency assets, the trend was predictably downward. Just 10 Tokens Count for 99% of All ICO Gains EY released a report on ICOs back in December 2017, which […]

Stablecoins in a Nutshell…And Why They Can Kill Decentralization

October 20, 2018 0 0

The most commonly known stablecoin is Tether. It is a cryptocurrency that buys one American Dollar from the market before issuing one tether. This means that when one American Dollar leaves active circulation, one Tether enters active circulation. Thus, the price of Tether has stayed stable over the years. A swing of fewer than 10 cents is unheard of […]

Bitcoin Ponzi Scheme Founder Slapped with $2.5 Million Fine

October 20, 2018 0 0

New York investment firm Gelfman Blueprint, Inc. (GBI) will see over $2.5 million in fines for fraudulent practices, as filed by the Commodity Futures Trading Commission (CFTC). According to the agency, this marks the first time that CFTC has made an anti-fraud enforcement action involving bitcoin. Yesterday’s CTFC press release states that Gelfman Blueprint Inc. and CEO […]

Slain Bitcoin Investor Was Cashing out to Buy an Apartment

October 19, 2018 0 0

The Norwegian cryptocurrency investor who earlier this week was brutally murdered following a cash-for-bitcoin exchange was reportedly liquidating his holdings so that he could buy his own apartment. CCN reported yesterday that the 24-year-old investor had been stabbed to death in his apartment on Monday morning, sometime between 7:50 am and 12:10 pm, when one of his […]

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