The Latest Bitcoin News

June, 2018

  • 4 June

    Ripple Makes Plans to Allocate $50 Million Into Academic Research on Blockchain

    According to an announcement, Ripple is creating the University Blockchain Research Initiative (UBRI) in a move to bolster academic research on blockchain technology. Ripple states that they are setting aside $50 million to fund the initiative, as well as provide their own expertise and technical expertise. Ripple aims to collaborate on Research and development that will “stimulate understanding and innovation” …

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May, 2018

  • 31 May

    Chinese Exchange Huobi Announces Move Into Brazil

    Huobi, a top 5 cryptocurrency exchange by volume based out of China has confirmed that they are expanding their operations into Brazil, according to a report from Coindesk. Executives were seen earlier this week networking at a local Brazilian event. Further, a report from a Brazilian cryptocurrency news source suggests that Huobi has already set up an office in the …

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  • 30 May

    Blockchain receives Chinese President’s Endorsement as ‘Economic Breakthrough’

    China’s President, Xi Jinping publicly acknowledged the potential of blockchain technology this week, his first public endorsement of the technology. This Monday, while speaking at an annual academic conference, Xi stated that he believes blockchain to be a critical part of a technological revolution, stating “Ever since the start of the 21st century, a new generation of industrial revolution is …

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  • 24 May

    Despite Ban, ICOs Still Popular in China

    China’s Central Television (CCTV), the highest level mouthpiece of the Chinese government, lashed out at domestic  initial coin offerings, known as ICOs, saying that they are still ‘rampant’ despite the country’s 2017 ban. The state media outlet stated that the ICO ban issued last September has not deterred local investors, and that instead a get-rich-quick mentality is driving the rush …

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  • 22 May

    Bitcoin on the Lightning Network

    Segregated Witness (SegWit), a soft fork of the Bitcoin Blockchain implemented on August 24, 2017, was an update which effectively increased the bitcoin block size limit and allowed for the implementation of second-layer solutions for issues concerning scalability. One of these second layer additions to the Bitcoin blockchain is a payment protocol known as the Lightning Network (LN). Although its …

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  • 12 May

    Market Takes Downturn as Korean Exchange is Raided

    Coindesk Korea reports that UpBit, the largest Korean exchange was raided on May 10-11 for allegedly selling cryptocurrency to their customers that they do not actually hold.   Investigators have seized hard disks and accounting documents through confiscation and will be analyzing them for the next few days.   This news comes shortly after the country had announced that they …

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  • 10 May

    BitcoinCenter Alumnus Runs for New York Attorney General

    Manny Alicandro, an alumnus of Bitcoin Center NYC events and classes, is currently running for New York State Attorney General, following the news surrounding Former AG Eric Schneiderman’s resignation. Alicandro is a former employee of Nasdaq from 2003 to 2014, where he was going to law school part time. After earning his degree, he left the exchange to work as …

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  • 8 May

    Institutional Adoption: New York Stock Exchange to Let Customers Buy Bitcoin

    The Owner of the NYSE is reportedly contemplating letting customers buy and hold Bitcoin. This would be the second Wall Street giant to open up to cryptocurrency this week.   The New York Times reports NYSE owner, Intercontinental Exchange (ICE) is planning to offer traders contracts that will eventually result in customers owning the cryptocurrency.   This comes days after …

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  • 7 May

    South Korean Regulator Taking Softer Tone on Cryptos

    The Korea Times reports that the new head of a South Korean financial regulator has taken a softer tone on cryptocurrencies, as well as hinted that there might be an easing of rules for exchanges.   The incoming head of the Financial Supervisory Service (FSS), Yoon Suk-heun told reporters “Regarding cryptocurrencies, there are some positive aspects”.   Yoon did not …

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  • 4 May

    New Malware Targeting Crypto Users

    A malicious Google Chrome extension, has been reworked to target Cryptocurrency exchanges.   The malware, named FacexWorm, was remade to steal user information for Google, MyMonero, and Coinhive. It promotes a scam that tricks users into sending Ether to the attacker’s wallet, and drains the computer’s processing power for mining.   The extension can also hijack cryptocurrency transactions on many …

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  • 2 May

    CFTC Chair: Bitcoin is Part Currency, Part Security, and Part Digital Coin

    CFTC Chair, Christopher Giancarlo announced on CNBC’s Fast Money that Bitcoin is a little bit of everything. Giancarlo stated: “Bitcoin and a lot of its other virtual currency counterparts really have elements of all of the different asset classes, whether they’re meeting payment, whether it’s a long-term asset,”   Further, Giancarlo said that since most of the current asset definitions …

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April, 2018

  • 30 April

    UNICEF Begins to Mine Cryptocurrency as a way to Donate

    UNICEF, the United Nations Children’s Fund, is beginning to use cryptocurrency mining in an effort to raise donations. UNICEF Australia launched what they are calling “The Hope Page”, a site that mines cryptocurrency using visitors’ computer power. A statement from UNICEF reads: “Mining is perfectly safe for your computer. If you’re ever worried about power consumption, turn down the amount …

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  • 25 April

    Bitcoin: Back to the Basics

    While Bitcoin has been in existence since January, 2009, general awareness and understanding of the first and most popular cryptocurrency, which started a modern monetary revolution, continues to grow steadily to this day. If you fall into the category of someone just learning or looking to brush up on the basics of Bitcoin, then the rest of this article should …

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  • 24 April

    Nick Spanos Speaks at the First Ever Blockchain Event in Saudi Arabia and Continues the Middle East Tour

    Bitcoin Center NYC’s Founder Nick Spanos is continuing his Middle East tour with appearances at several universities, including “Saudi Arabia’s MIT,” the King Abdullah University of Science and Technology, where Nick met with faculty and students at the entrepreneurship and innovation center, and discussed his experiences with blockchain technology and cryptocurrency over the past few years. Nick has also visited …

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  • 17 April

    Bitcoin Center Founder Nick Spanos Begins Middle East Tour

    BitcoinCenter NYC founder, Nick Spanos has begun his Middle east tour – kicking it off with a keynote speech at the World Blockchain Forum in Dubai. Nick spoke on The State of the Crypto at the World Blockchain Forum on 4/17/18, and will be heading off to Saudi Arabia to speak at, and attend, the first ever Blockchain event in …

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