Category: Cryptocoin

  • Hawaiian Electric Utility Scam Threatens Disconnection Unless Bitcoin Bill is Paid

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    It’s a case of an old scam in a new wineskin. Customers of electric utility companies in the state of Hawaii are being targeted by scammers who are relying on the relative anonymity offered by cryptocurrencies. The fraudsters are calling the customers of power firms that include Hawaii Electric Light, Maui Electric and Hawaiian Electric claiming that […]

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  • Crypto Trading Revenue May Double, Bernstein Says

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    Wall Street sees opportunities in custody, asset management  Exchange revenue could rise to as much as $4 billion in 2018 The reports of the death of the cryptocurrency market may really be greatly exaggerated. That’s the view of Sanford C. Bernstein & Co. analysts, who say that revenue generated from crypto exchanges could more than double to […]

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  • Inside the Vegas nightclub that launched its own cryptocurrency

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    It’s 11:15 p.m. on a Friday night and a man in a white button-down shirt named Joey just ordered me a shot of Fireball. It’s a little hard to hear him over the music blasting from the other side of the velvet ropes, but the club’s director of services leans in close to make sure […]

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  • Korea’s Crypto Industry Condemns Exclusion Plan from Venture Firms List

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    Crypto exchanges and blockchain startups in South Korea are protesting against a recent legislative proposal by the government to exclude the industry from recognized venture businesses. In a proposal outlined by South Korea’s Ministry of SMEs and Startups this week, the government body revealed its intention to exclude the blockchain industry, including cryptocurrency exchanges, from the government’s […]

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  • What Intel’s Foreshadow Flaw Means for the Future of Cryptocurrency

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    Yet another dire security flaw was unveiled Tuesday with potential ripple effects across the tech world, including for cryptocurrency projects seeking to leverage certain hardware devices. Following a pair of bugs unveiled earlier this year, the Foreshadow vulnerability impacts all Intel’s Software Guard Extensions (SGX) enclaves, a special, supposedly extra-secure region of chip often used for storing sensitive […]

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  • Venezuela crisis: Petro CRYPTOCURRENCY to become official currency alongside bolivar

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    VENEZUELA is to make its homegrown cryptocurrency, the Petro, an official currency alongside the bolivar as the South American nation continues to battle hyperinflation which has left it on the brink of economic collapse. President Nicolas Maduro announced state-owned oil giant Petroleos de Venezuela (PDVSA) will begin using the digital token from Monday, August 20. […]

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  • Prime Trust Enters Crypto Custody Race, Will Hold ‘Any’ Ethereum Token

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    Prime Trust, a small U.S. financial institution that’s played a behind-the-scenes role in several dollar-backed cryptocurrencies, is entering the hotly competitive crypto custody business. Revealed exclusively to CoinDesk, the Nevada trust company quietly began offering cold storage for bitcoin in mid-July, and will announce next week that it can also handle custody for ether and any […]

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  • Venezuela Looking to Launch a Central Bank for Cryptocurrencies

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    Venezuela is reportedly looking to launch a central bank for cryptocurrencies, as the country’s National Constituent Assembly is preparing to reform the Venezuelan Constitution to include it, along with a court above its Supreme Court. According to Reuters, information on the development was provided by Hermann Escarrá, which the outlet describes as “one of the most […]

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  • Facebook: We’re Not Building a Cryptocurrency on Stellar

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    Social media conglomerate Facebook denied reports that its blockchain task force is considering launching a cryptocurrency project through a partnership with Stellar. Citing a Facebook spokesperson, financial news outlet Cheddar reports that the company will not be building on the Stellar protocol, nor has its cryptocurrency division held discussions with the project about forking Stellar to create an independent […]

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  • Op-Ed: Crypto-Security – the Good, the Bad, and the McAfee

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    If you’ve been following the news over the past few days then you might have noticed CCN’s coverage on reported acquisition of unauthorised hacker access to the recently released Bitfi hardware wallet, created by controversial cybersecurity veteran John McAfee (ex-McAfee Associates, Cloak Phone). Whilst the Bitfi security saga has gained widespread media attention, largely due to Mr. McAfee’s involvement, it has […]

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