Vietnam’s largest distribution company, Linh Thanh Group, is apparently partnering with Switzerland-based blockchain company KRONN Ventures to establish the first fully-authorized cryptocurrency exchange in the Southeast Asian country.  The information comes from a press release, which states that the two companies have signed a memorandum of understanding and have received a license to establish a cryptocurrency exchange in Vietnam. This news comes after the Zug-based KRONN Ventures AG brought together financial committees from Vietnam, Philippines,

A data breach has occurred within the Federal Emergency Management Agency (FEMA), resulting in the private data of nearly three million disaster victims being shared with an unnamed contractor. Who’s at Risk? The shared information includes home addresses, social security numbers and banking information for victims of U.S.-based disasters such as hurricanes Irma, Harvey and Maria in 2017 that utilized the organization’s Transitional Sheltering Assistance program, which seeks to aid and relocate individuals following a natural disaster. FEMA press secretary Lizzie Litzow explains in a statement that the organization “provided more information than was necessary” to the contractor, and that

The cryptocurrency ecosystem has seen quite a few users who were prosecuted for using the decentralized ecosystem for nefarious practices. One standout example of this was Ross Ulbricht, who was jailed in connection with the Silk Road scandal in 2013. He was convicted of money laundering and major computer hacks and was worth a whopping […]

Two very contrasting events took place in Russia lower house parliament last week. In the first, the State Duma approved the international use of a Swift-like financial network to eliminate the risks of western sanctions. In the other, it postponed the second reading of the crypto bill draft law to April. Ducking Swift Ban Anatoly Aksakov,...

In our most recent Bitcoin price analysis, we had mentioned the importance of the $4050 resistance. Three days ago the above level was retested and unfortunate to the bulls, the price got quickly rejected down. Looking on the BTC chart, we can see that the wick of the daily candle had tested the ascending trend-line […]

Uber and Lyft might be getting ready for a couple of prime-time IPOs, but that doesn’t mean its all smooth sailing for the ride-sharing unicorns. Recent scrutiny on the amount that they pay their drivers is threatening to overshadow the public-listing amid a backlash from drivers who are looking to unionize. Uber Slashes Bonus Pay, Drivers Feel the Pain A minimum wage is now in place in New York, ($17 after expenses for Uber and Lyft drivers), and it appears this momentum is now catching on around the US. The main fears are that both companies will slash driver pay

From a pair of six-figure predictions on the price of Bitcoin to a look at Litecoin’s push for privacy, here’s a look at some of the stories breaking in the world of crypto. Bitcoin A market analyst and a self-made millionaire are headlining a week of bold predictions on the future price of Bitcoin. In […]

Rick Falkvinge, a prominent Bitcoin Cash [BCH] proponent, said that the much-anticipated Layer 2 solution or the Lightning Network project is a “dead end for all intents and purposes”. According to Falkvinge, the so-called solution failed to provide solutions for some of the major problems plaguing the Bitcoin network since the past year. In a recent […]

Bitcoin price traded to a new monthly high at $4,064 and later corrected lower against the US Dollar. The price declined sharply below $3,950, but dips remained supported above $3,900. There is a crucial bullish trend line formed with support at $3,920 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The...

Erik Voorhees, the CEO of Shapeshift, spoke about whether or not privacy and KYC/AML rules could co-exist, in an interview on WhatBitcoinDid. He also spoke about decentralized exchanges being a solution for participating in the cryptocurrency space, without giving away personal details. ShapeShift, one of the leading cryptocurrency exchanges across the globe, introduced mandatory Know-Your-Customer […]

ETH price declined recently, but it found a strong support above $132 against the US Dollar. The price recovered and it is now facing a solid resistance near the $137-138 zone. There is a major breakout pattern formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is...

Binance, the second largest cryptocurrency exchange by adjusted volume is preparing to launch a margin trading system that will make trading volatile digital assets riskier than it already is, reported TheBlock. Retail customers are a mainstay with the exchange and to further increase their customer count, Binance will allow them to trade on the margin, state […]

Bitcoin [BTC] Futures were thought to be a snippet of the overarching cryptocurrency market, though meager in comparison to the larger spot market. A recent report from Bitwise Asset Management, the crypto-centric investment firm has stated otherwise. In a March 20 report presented to the United States’ Securities and Exchange Commission [SEC], Bitwise analyzed the […]

Programmatic Proof-of-Work [ProgPow] has been one of the most talked-about updates in the Ethereum community. Its implementation proposal saw the support of a majority of the Ethereum community, with some expecting it to go live in the Istanbul hard fork and others claiming that it would have its own small hard fork. In a Reddit […]

Since the start of January 2019, the price of LTC has increased dramatically during sustained trading volume. Denominated against BTC, it has nearly doubled. Even though LTC regularly sits in the top five cryptoassets by market cap, there doesn’t tend to be much Litecoin news on the front page  –  which explains why everyone is […]

Although Bitcoin has been struggling to garner any significant buying pressure at its current price levels, the overall crypto markets have been able to post some relatively large gains, and multiple cryptos have surged today. Although the recent bullish price action in the crypto markets is minuscule compared to what was seen throughout the second...

David Schwartz, the CTO of Ripple, spoke to the News and Research Team from the McCombs School of Business at The University of Texas in Austin and explained the key differences between the XRP Ledger’s consensus and Proof-of-Work [PoW] protocols. Schwartz said that they started by building a “Federated Byzantine Agreement Model”, which was considerably […]

Since Bitcoin (BTC) began to falter in early-2018, optimistic investors, many of which are “HODLing,” have resorted to grasping for straws. Case in point,  the words, “Wall Street” and “institutional investors,” are incessantly mentioned, as crypto diehards have sought to find a light at the end of the proverbial tunnel. But are institutional stakeholders really...

A prominent member of the House of Councillors of Japan and acting President of the Japan Restoration Committee, Takeshi Fujimaki has recently stated his opinion regarding the negative effect of the country’s tax system on the crypto industry. Fujimaki is of the strong opinion that Japan’s tax system is slowing the development and adoption of […]

Cryptocurrencies and the digital assets ecosystem are often questioned for its long-term credibility and trade functionality. Adding fuel to the fire, a prominent Bitcoin [BTC] critic listed out the risks associated with central banks issuing their own virtual assets, which could result in “huge operational consequences” and undermine monetary policy-making. Agustin Carstens, the General Manager […]

Elon Musk’s The Boring Company is living up to its name, with the latest bunch of naysayers of its tunnel being Virginia transit officials. After they visited the 1.5 mile prototype tunnel being built under Los Angeles, they laid into it with criticisms. They are just the latest among a string of people who have visited the project and left unimpressed. The Boring Company Loop system pic.twitter.com/xVpDHzZKXB — The Boring Company (@boringcompany) December 19, 2018 Beware if You Have Claustrophobia In Virginia, plans are underway to build a rail including a $1.3 billion bridge between Virginia and Washington. The troupe of

Shaquille O’Neal has single-handedly put the down-and-out pizza franchise Papa John’s on a better road to success. He and Papa John’s execs announced a bevy of partnerships on Friday, including O’Neal taking a seat on its board. Shaq’s moves show he’s as savvy a businessman as he is a champion NBA player. Few saw this coming, except execs at Papa John’s, whose stock has been under considerable pressure for years due to myriad factors. We’ll see over the long run if Shaq can help it regain better financial footing, but in the meantime, it’s going to be fun to watch.

Nvidia’s 2019 Investor Day eased some of the concerns about long-term growth prospects and justified the optimism, but the deal to acquire Mellanox for $6.9 billion earlier in March started the 10-day bullish run. Analysts attending the event found renewed enthusiasm for the company’s future amid optimistic underlying growth drivers. Also, the management of Nvidia hit […]

Bitcoin SV [BSV] continued its recent price hike after the coin grew by 2.64% against the US dollar on Saturday. The market capitalization of the token was $1.19 billion and it valued at $67.68. The trade volume garnered over the past 24 hours was $114 million, with BitForex contributing to 12.83% of the coin’s overall […]

Although Bitcoin has been unable to find any noteworthy buying pressure in the low-$4,000 region ever since it advanced to this price level, when looking at a larger time frame it becomes apparent that BTC is not currently bearish, despite its persisting bout of sideways trading. One analyst is quick to point out that Bitcoin...

Takeshi Fujimaki, a member of the House of Councillors of Japan and acting President of the Japan Restoration Committee, says the country’s tax system is slowing the development and adoption of cryptocurrency and blockchain technology. The Financial Supervisory Authority is proposing tax reforms that make it possible for crypto enthusiasts who spend, trade or hodl […]

Bitcoinist spoke with Michael Caras who calls himself the ‘Bitcoin Rabbi.’ Caras explains how Bitcoin fits in with the Jewish religion and how his new children’s book ‘Bitcoin Money’ introduces kids to the concept of hard money. Bitcoin Rabbi: Limited Supply Is the Most Important Thing to Explain to People Bitcoinist: Are you a real Rabbi? Bitcoin Rabbi: I am an Orthodox Rabbi. I studied in Yeshiva Ohr Tmimim in Kfar Chabad, Israel and received