The last few days have witnessed a clash between Bitcoin critics and supporters with debatable comments coming from seemingly unexpected circles; US President and US Secretary of Treasury. Donald Trump, the United States President, said that he isn’t a fan of cryptocurrencies such as Bitcoin since “they are not money, and whose value is highly volatile and based on thin air.”
A cybercriminal from Israel is facing a long list of felonies associated with the supposed theft of $1.7 million (6.1 million NIS) in various cryptocurrencies. The perp, 31-year old Eliyahu Gigi from Tel Aviv, reportedly stole Bitcoin, Ethereum, and Dash from various foreigners, including Belgians, Dutch, and Germans, Israeli news reports. Gigi is facing charges of theft, fraud, aggravated counter...
50,000 victims of the Japanese crypto exchange Bitpoint’s recent hack will have their stolen wallet holdings reimbursed in crypto. This was revealed in a press conference in Tokyo, where reporters were informed that the company had decided to pay back victims in crypto using a 1:1 ratio, as against fiat payouts. Bitpoint’s Unusual Alternative to […]
It was Day 2 of Facebook’s Congressional Hearing. The pressure was on the social media giant to present a strong case to the House. A strong group that has never been a fan of the social media giant. After a rather grueling day of being questioned by the Senate Banking Committee, David Marcus, Facebook’s Blockchain Chief, headed to the House of Representatives to face questions from the House Comm...
Fantom Foundation, a DAG blockchain with an open source stack project focussing on Smart City applications, is announcing a partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. Through this partnership, Fantom aims to help Dubai develop new economic opportunities and deliver a better user experience for UAE citizens using their technology. […]
The Libra Association and Facebook took a lashing during their first day of congressional hearings on Tuesday. Wednesday wasn’t much better. Rep. Alexandria Ocasio-Cortez (D-NY) focused on a comment David Marcus, CEO of Calibra, made yesterday when he said he would trust all of his assets in Libra. “You said yesterday you would be comfortable taking […]