Latest Crypto Currencies News
The South African Reserve Bank In Plans To Experiment Digital CurrenciesJul 23, 2017
The South African Reserve Bank (SARB) after observing the take of other countries on digital currency has decided to issue its own digital currency based on blockchain technology as it believes the move would likely benefit the country by speeding up the transaction process and lowering the fees.
With The Rise In Bitcoin Price, Crypto Market Surpasses $90 Billion MarkJul 22, 2017
The rise in the price of Bitcoin has raised the total cryptocurrency market value to pass $90 billion by Thursday evening, value not observed since early July. The sets out the market cap towards the earlier achieved $100 billion marks when it reached an all-time high of $115bn in June.
Hackers Walk Off With $32 Million Worth Of Digital Currency EtherJul 21, 2017
A whopping $32 million worth was made off in cryptocurrency Ether by unknown hackers. The hackers somehow managed to find a vulnerability in Parity Wallet that offers users services to keep crypto currencies. The hackers on discovering the bug managed to take away 153,000 Ether in three separate transactions
Belarus Seeks International Investments, By Legalising Blockchain Technology And CryptocurrenciesJul 20, 2017
In a bid to attract international investments in technologies like Blockchain technology, cryptocurrency and even self-driving cars, that were once forbidden or seen too risky Belarus has drafted a bill this week that will address these high tech IT spheres.
Top Cryptocurrencies Recover Bringing Up The Market CapJul 19, 2017
The total value of all cryptocurrencies has increased by $22 billion after a surge in the prices of these digital currencies since Sunday. The market started coming to life ever since the weekend crash with total prices adding to about $12 billion on Tuesday. The prices of Bitcoin went up by 15% while, the prices of Ethereum increased by more than 20% to come back at $200 mark.
Ethereum Climbs Back Slowly After The Weekend CrashJul 18, 2017
Ethereum seems to be coming back in the game with the prices stabilizing over the weekend, ever since the crash. The currency was trading at as low as $140 an ether after slipping down more than 25%. The currency is trying to take back its position and is currently operating at $166.
From The All-Time High, Cryptocurrency Market Sinks By About 50%Jul 17, 2017
The total value of the digital currencies has further declined in the last 48 hours by more than $10 billion. The market has come crashing down ever since it reached its all-time high of $115 billion in mid-June to dropping down to 46.9%, coming down at $61bn.
Rumors Of Egyptian Banks Handling Bitcoin Dismissed By Egyptian RegulatorsJul 16, 2017
The central bank of Egypt dismissed the rumors that banks were allowed in the country to handle cryptocurrencies like Bitcoin. The rumors first appeared on a social media website. The Central Bank acted quickly by alerting deputy governor Gamal Negm, who denied them.
Ether Prices Slides Down Below $190 During Wider Cryptocurrency Market DeclineJul 15, 2017
Amid a significant drop in cryptocurrency markets, Ether prices fell below $190 on Friday. According to CoinDesk data, the currency dipped around 13% from the time it opened the day at $210.81 to about as low as $183.
South Korea Legalizes International Fund Transfer Using BitcoinJul 14, 2017
South Korea has recently passed a law that legalizes international money transfers using Bitcoin from 18th of July. Though a small thing for Bitcoin, it sure will challenge the traditional banking methods and companies with the likes of Western Union, PayPal, etc.
Project Ubu, A South African Payment System UnveiledJul 13, 2017
Project Ubu (Universal Basic Unit), a cryptocurrency payment system was introduced in South Africa by a group of businesspeople that aims to get many users. It also seeks to further give its participants an equivalent of five US dollars a day in cryptocurrency.
IOTA Dives Deep Down With Over 26% Decline In ValueJul 12, 2017
After the drops in the value of cryptocurrencies like Bitcoin and Ether, IOTA, a cryptocurrency designed for the Internet of Things (IoT) declined over 26%.
Ethereum Cryptocurrency Falls Further, Trading Below $200Jul 11, 2017
Ethereum market is sinking and its second day that the fall has continued, with the cryptocurrency value coming down 15% in early trade on Tuesday.
Bitnovo Announces Launch Of 4000 New LocationJul 10, 2017
Bitnovo, Spanish Bitcoin payment platform, has decided to add 4000 new locations throughout the Spain that would allow the customers to purchase Bitcoin using cash in Spain.
Bitcoin And Other Digital Currencies Help Venezuelans Survive Government FailuresJul 9, 2017
Venezuelans are currently surviving the government failures due to digital currencies like bitcoin and dash. There is a series of problems arising due to which even the food is becoming barely affordable.
Princeton University Researcher Receives $450,000 Grant From National Science FoundationJul 8, 2017
A researcher from Princeton University received a federal funding of more than $400,000 to study mechanism incentives and their applications to cryptocurrencies like Bitcoin.
Bithumb To Compensate Customers Affected By The Hacking AttackJul 7, 2017
Customers, whose accounts were compromised during the attack on the South Korea’s leading cryptocurrency exchange platforms’ data system, would be compensated by the exchange.
Ryan Kennedy, Former Dogecoin Exchange FounderJul 6, 2017
The founder of the now-defunct Dogecoin exchange service Moolah, Ryan Kennedy, has been charged with fraud and money laundering by the UK police. Kennedy appeared in court today, under the name Alex Green, created Moolah.
Colombia Plans To Introduce Tax On Bitcoin UsersJul 5, 2017
Digital currencies including Bitcoin were banned in Colombia and the only valid currency allowed is the peso and the country’s central bank, Banco de la República is the only authority entitled to issue the money in Colombia.
Bills To Legalize Cryptocurrencies Likely To Be Introduced In South KoreaJul 4, 2017
Lawmakers in South Korea are in a process to present bills that would change the legal status of cryptocurrencies in the country. Democratic Party Rep. Park Yong-jin will introduce three bills in a bid to form regulatory frameworks for digital currencies.
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