Urban, Author at 2100NEWS

UrbanOctober 5, 2018

People who have lost their entire savings to fraudulent bitcoin investment schemes advertised on Facebook are turning suicidal, Martin Lewis says. The U.K.-based consumer advisor, who runs MoneySavingExpert.com, blamed Facebook for causing the financial catastrophe by promoting scam ads on its trusted social network, many featuring himself. Lewis in April launched a lawsuit against the Mark Zuckerburg-helmed firm for […]

UrbanOctober 4, 2018

Bank of America research analysts have predicted that blockchain technology could represent a multi-billion dollar industry down the road, and be of particular benefit for leading companies like Amazon and Microsoft. BoA: Many Can Benefit From Blockchain The analysts predicted the total addressable blockchain market would eventually hit $7 billion, but there was not a particular timeline […]

UrbanOctober 4, 2018

The release of season six for the popular Fortnite video game has inspired the development of bitcoin-stealing malware disguised as game cheating tools. Malwarebytes Labs has discovered malware disguised as cheat tools that can steal data and bitcoinfrom Fortnite gamers, according to Christopher Boyd, the lead malware intelligence analyst. Malwarebytes Labs found the malware among YouTube videos offering “free” season […]

UrbanOctober 4, 2018

A Brazillian computer programmer built a Coca-Cola vending machine that accepts bitcoin payments over the Lightning Network (LN). Bitcoin-Powered Coke Vending Machine Ricardo Reis described his feat in a Medium post on Oct. 2, in which he also mentioned the accessories that were employed to create the bitcoin-enabled Coke portal. In addition to applied programming techniques […]

UrbanOctober 3, 2018

With the ethereum price sitting more than 80 percent below its all-time high in mid-September, the conventional wisdom said that startups who had raised funds through initial coin offerings (ICOs) were likely driving the sell-off. ICOs, after all, had been conducted almost entirely using ETH, leaving hundreds of startups sitting on a steadily-depreciating asset. The convention wisdom, […]

UrbanOctober 3, 2018

As the economic crisis in Venezuela worsens leading to a growing exodus of citizens out of the country, the demand for bitcoin and other cryptocurrencies has exploded. According to Coin Dance, Venezuelans traded bitcoins worth nearly 300 million bolivars last week and the record could be broken again as so far this week bitcoin worth more than 292 million […]

UrbanOctober 3, 2018

Beijing Sci-Tech Report (BSTR), the oldest technology publication in China, has recently announced that it will soon accept Bitcoin on its platform. Starting 2019, BSTR will sell its yearly subscription at a price of 0.01 BTC, worth around $65. In an official press release, the publication emphasized that it plans to promote the usage of blockchain technology […]

UrbanOctober 2, 2018

When Bitcoin began crashing from its all-time highs in late 2017, it sent shockwaves across the cryptocurrency industry, helping lead the crypto economy into a spiral of depression. Ripple was among the worst-hit assets as crypto-demand plunged. The XRP value depreciated more than 90 percent against the US Dollar this year. It was not that […]

UrbanOctober 2, 2018

Shanghai Hongkou District Court has declared that Ether is protected as “general property” by law. The statement was a result of an unjust enrichment case filed by a tech company in Beijing. In September 2017, crypto companies in China started closing their doors after China banned ICOs and crypto exchanges. Caught in the middle of the ban was a […]

UrbanOctober 2, 2018

Hong Kong has become the latest nation to introduce a 24×7, instant payments system as a fintech upgrade for retail payments in the country. Aptly dubbed the Faster Payment System (FPS), the initiative was first announced by the Hong Kong Monetary Authority (HKMA) – the country’s defacto central bank – two weeks ago. The new platform operates in real-time, […]

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Author: Urban

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