The controversy of cryptocurrencies is not going to die any sooner. Right from the time of start till date, crypto investors have always been on a roller coaster journey. Out of many, here are a few cryptocurrency scams that looted people and left them bankrupt during 2018. Check them out! $530 Million Hack in Japan […]
Bitfinex, an advanced cryptocurrency exchange, has announced the recovery of a part of the stolen Bitcoins which was reported in 2016. The exchange had lost 120,000 BTC (approx. $72 million) and currently retrieved 27.7 BTC of it, which be refunded to about 5,000 of its affected customers. The exchange had collaborated with unnamed law enforcement agencies from both the U.S. and Europe to conduct investigations into the case.
The Lightning Network provides cryptocurrency investors with an alternative over congested blockchain networks. Ever since, people have started facing scalability issues with Bitcoins, alongside several problems have been highlighted such as transaction delays and associated transaction fees. With lightning Networks, investors are able to enjoy faster transactions at lower costs. People have high expectations from […]
Have you ever thought of printing your own dollars, or any other currency? Well, this may sound a bit absurd to people who know nothing about cryptocurrencies. But, when you’ve already arrived on this page, it means that you already have the basic understanding of digital or virtual coins. Unlike fiat currencies, creating a new […]
The Mumbai Crime branch, in India, has uncovered a gang behind a $13 million (INR 100 crore) cryptocurrency scam, which was spread over the states of Maharashtra, Gujarat, and Uttar Pradesh. The scammers had launched a scam coin, dubbed Cashcoin, which was claimed to be similar to Bitcoins. The gang cheated people by promising them double returns within two months.
JPMorgan has cleared that JPM Coin is not a cryptocurrency, which can be used for trading purpose, rather it is a stable coin created for payments processing and settling debts within JPMorgan Chase. Umar Farooq, JP Morgan’s head of digital treasury services and blockchain, has linked the launch of the coin to the firm’s decision to meet its customers’ demand for a secure and instant payments processing platform.
The hype of blockchain technology came into existence with the launch of Bitcoin in 2007. Since then, although cryptocurrencies have gone through several ups and downs, the blockchain craze has been steadily increasing. However, taking a closer look, you’ll realize that the real hype is all about the distributed ledger property of blockchain that makes it immutable and hack-proof. These systems use high-level encryption for data transfers, yet the question that arises is: Is blockchain really hack-proof?
Google has announced the launch of Blockchain ETL software that enables open source developers extract, transform and load various decentralized applications. The ETL software is designed to allow users load transaction datasets and metadata for eight cryptocurrencies which includes Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, zcash, Dogecoin and Dash.
Mitsubishi UFJ Financial Group, one of the largest banks in Japan, has partnered with Akamai, an American internet startup, to build a blockchain-based payments network in Japan before the 2020 Olympics. As per sources, the blockchain-based platform is expected to ease faster cross border transactions carrying out a million transactions per second.
While the Supreme Court has yet again postponed hearing of the cryptocurrency related case to February 2019, crypto users in India have started to keep away from any mention of crypto related words in their transaction remarks to avoid closure of bank accounts by the banks, as directed by the Reserve Bank of India.