Cryptocurrencies

A cryptocurrency is a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, called altcoins, or specifically of digital currencies.

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. The most popular altcoins now (August 2016) – Ethereum, Steem, Ripple, Ethereum Classic, Litecoin, Dash, Dogecoin.

Cryptocurrencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.

Bitcoin Exchange BTCC to Stop ‘All Trading’ from September 30
September 14th, 2017

The first of China’s bitcoin exchanges BTCChina (BTCC) has announced its shutting down the domestic cryptocurrency trading at the end of September. The recently appeared rumors that China is going to ban all domestic cryptocurrency exchanges are becoming reality.

John McAfee Parried Criticism of J.P. Morgan CEO Jamie Dimon About Bitcoin
September 14th, 2017

John McAfee challenged J.P. Morgan CEO Jamie Dimon’s skeptic statement about bitcoin on Wednesday, September 13.

Bitcoin is a ‘Bubble’ While U.S. National Debt Passes $20 Trillion for the First Time
September 13th, 2017

J.P. Morgan chief compares bitcoin rally with the tulip bubble while the US has more debt than any point in its history. The amount owed shoots past $20 trillion.

Bitcoin Price Drops Below $4,000 Amid Growing Investor Concerns
September 13th, 2017

Bitcoin is trading below $4,000 as the tightening regulation and negative comments from industry leaders keep investors worried about the cryptocurrency’s future.

Top 5 Security Best Practices That Can Protect Your Crypto Wallet From Hackers
September 13th, 2017

In this guest post by Pini Raviv, a software engineer and front-end team leader for an Israel-based startup, you will find the list of best practices that should be used for cryptourrency wallet security.

Japanese E-Commerce Giant DMM Plans to Launch Bitcoin Mining Farm
September 12th, 2017

Japanese entertainment giant DMM Group has announced that it will operate a large-scale cryptocurrency mining farm. The company plans to become one of the top three mining farm companies in the world.

Swiss Municipality of Chiasso Accepts Tax Payments in Bitcoin
September 12th, 2017

The Swiss municipality of Chiasso will accept tax payments in bitcoin starting from the beginning of 2018 in an attempt to make Switzerland a global hub for financial technologies and cryptocurrency start-ups and a world leader in bitcoin adoption.

Bitcoin Price Rises Despite Continuing Rumors About Shut Down of China’s Bitcoin Exchanges
September 12th, 2017

Rumors about Chinese government’s plans to ban trading of bitcoin and other virtual currencies on domestic exchanges no longer affect Bitcoin price.

BTC-e Operator Alexander Vinnik Asserts His Innocence in the New Interview
September 11th, 2017

Alexander Vinnik, alleged BTC-e operator arrested by the US Department of Justice in July, claims he is innocent of charges brought against him by the US government.

Russian Finance Minister Says the Draft Law to Legalize Cryptocurrencies Will be Ready by the End of 2017
September 11th, 2017

Russian finance ministry and the central bank are reportedly planning to legalize the use of the digital currency in Russia by the end of the year.

Bitcoin Is Trading Under $4150 Level Amid Rumors About China’s Ban of Bitcoin Exchanges
September 11th, 2017

Rumors about Chinese government’s plans to ban trading of bitcoin and other virtual currencies on domestic exchanges decrease Bitcoin price to under $4150 level.

Tokyo-based GMO Internet Group Plans to Spend $320M on Bitcoin Mining Business
September 8th, 2017

GMO Internet Group indicated its plans to enter mining business utilizing next-generation 7-nanometer technology semiconductor chips.

MIT Researchers Found Critical Cryptographic Vulnerabilities in IOTA
September 8th, 2017

According to a report by a group of researchers from the Massachusetts Institute of Technology (MIT) and Boston University (BU), IOTA, the cryptocurrency supporting Internet of Things (IoT) transactions, had “serious weaknesses.”