TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Cryptocurrency trading platform GPay closed by UK High Court
The UK's High Court ordered the closure of crypto exchange GPay, formerly known as Cryptopoint, for scamming traders.
· Regulation
- Tether (USDT) market cap surges past $10B as valuation rises 144% since January
Tether (USDT) joins the ranks of Bitcoin and Ethereum as the third cryptocurrency with a 10-digit market valuation.
· Business
- FCA reveals that 2.6 million Brits bought cryptocurrency in the past 12 months
Many owners of cryptocurrencies in the U.K. mistakenly believe that they are protected.
· Investing
- Bitcoin supply won’t be able to keep up with demand in eight years fueling price hike
Rising demand from retail investors is projected to outpace Bitcoin daily supply from cryptocurrency mining in eight years.
· Investing
- $450K worth of cryptocurrency stolen by ‘sophisticated’ hacker from DeFi Balancer Pool
Hackers exploited a weakness in a DeFi protocol.
· Technology
- The reasons why Bitcoin developers choose to use pseudonyms
A sizable portion of Bitcoin developers opted to use pseudonyms for various reasons.
· Technology
- University pays hackers more than a million dollars worth in Bitcoin in ransomware attack
Ransomware attack breaches the system of a university in California.
· Technology
- Vanguard brings blockchain into foreign exchange as it readies platform for Q3 2020 deployment
Vanguard harnesses blockchain technology to streamline its foreign exchange operations.
· Technology
- Telegram to pay cryptocurrency investors $1.2 billion and $18.5 million to the SEC
The dispute between Telegram and the Securities and Exchange Commission is coming to a close.
· Investing
- Bitcoin rally could already happen next month, says analyst
An analyst created a new Bitcoin price model based on historical data and predicts that the next run is about to happen.
· Investing
- Australia cyberattack exploited vulnerability usually used in cryptojacking malware attacks
The Australian Cyber Security Centre revealed that hackers exploited known vulnerabilities in the Telerik user interface.
· Technology
- Australian company uses blockchain technology to trace limited-edition shoes
Aside from cryptocurrency, blockchain technology is also used to help combat counterfeit products.
· Technology
- Bitcoin mining chip maker Ebang plans to put up crypto exchange after Nasdaq listing
Ebang will be offering 19.3 million shares priced between $4.50 and $6.50 share in its IPO.
· Business
- SEC files charges against lobbyist Jack Abramoff for fraud in AML Bitcoin ICO promotion
The SEC filed charges against Jack Abramoff and Rowland Marcus Andrade for misleading investors.
· Investing
- Australia Post offices now accepting payment for Bitcoin purchases
Australians can now pay for their Bitcoin purchases at their local post office.
· Business
- Wirecard files for insolvency but customer funds in WCS-issued crypto-enable cards won’t be affected
Sandal-hit Wirecard files for insolvency days after its CEO resigned.
· Business
- It’s ‘premature’ to tax cryptocurrency in South Korea, says economist
South Korea's Finance Ministry will unveil a new tax system in July, which will include the taxation of cryptocurrency transactions.
· Regulation
- Ethereum fees surging to their 2-year high could negatively affect the network
Transaction fees in the Ethereum network surged to a two-year high in May.
· Technology
- Shopin cryptocurrency investors unhappy with the court’s verdict in SEC’s case against Eran Eyal
Shopin cryptocurrency founder Eran Eyal was ordered to pay $450,000 in fines in the case SEC filed against him.
· Investing
- Akon will launch his cryptocurrency Akoin in July
Akoin will serve as the local currency of the singer's development in Senegal named Akon City.
· Business
- PayPal might be planning to enter the cryptocurrency market
PayPal could be the next big player in the retail cryptocurrency niche.
· Business
- After cryptocurrency, blockchain is about to make a big splash in the gaming industry
Industry experts believe that blockchain could be the next big thing in gaming.
· Technology
- Austria is developing three blockchain-based COVID-19 apps
Austria is harnessing blockchain technology to help it fight against the coronavirus pandemic.
· Technology
- Blockchain technology could revolutionize these sectors
The potential uses of blockchain technology go beyond cryptocurrencies.
· Technology
- EOS number 1 while Bitcoin placed only 12th in Chinese ranking
China’s Center for Information and Industry Development (CCID) recently released its 18th Global Public Chain Technology Evaluation Index.
· Investing
- Blockchain game economy might outpace Japan
The blockchain-based gaming economy could balloon in the coming years.
· Business
- India’s cryptocurrency firms continue to expand despite rumors of a ban
Cryptocurrency firms in India remain optimistic despite rumors that the government might be planning to ban cryptos in the country.
· Regulation
- UNICEF Cryptocurrency Fund invests 125 ETH in eight tech startups
UNICEF uses cryptocurrency to invest in tech startups.
· Investing
- Ripple launches PayID that lets customers transfer funds in both cryptos and fiat in real-time
PayID is a new universal payment system that's fast and easy to use.
· Technology
- East Asia regional cryptocurrency backed by the Chinese yuan, Japanese yen, Korean won and Hong Kong dollar proposed
China is pushing for the creation of an East Asian digital currency.
· Business
- Tepco, Itochu to develop Blockchain and AI-powered surplus electricity trading system
Once completed, Japanese households will be able to trade their surplus electricity through a blockchain and AI-powered system.
· Technology
- Blockchain We.Trade lays off half of its workers due to funding slowdown
We.Trade is reducing its workforce by half.
· Business
- Canada’s Central Bank could be planning to issue its own cryptocurrency
A recent job posting on the Bank of Canada site sparked speculations that it may be serious about issuing its own cryptocurrency.
· Technology
- Bitcoin accepted as payment by Singapore’s carpooling app Ryde
Singaporeans using Ryde can now pay using Bitcoin.
· Business
- U.S. Air Force awards $1.5 million blockchain project to SIMBA Chain
The USAF is getting ready to run its massive parts procurement system on a secure blockchain network.
· Technology
- Wilshire Phoenix files for publicly-traded Bitcoin Trust with lower management fees compared to Grayscale’s GBTC
Wilshire is filing for a new publicly-traded Bitcoin-backed trust with the SEC.
· Investing
- Cryptocurrency miner manufacturer Canaan Creative’s shares plunge below $2
Canaan Creative shares dipped below $2 / share.
· Investing
- Licenses of 500 cryptocurrency firms canceled by Estonia in a pre-emptive strike to clean up the crypto industry
Estonia is cleaning up its cryptocurrency industry by recently revoking 500 licenses of crypto firms.
· Regulation
- Two mining pools distribute $5 million in Ethereum transaction fees to miners
Two mining pools that processed two high-fee transactions last week decided to distributed the fees from the Ethereum transfer worth around $5 million.
· Technology
- Proposed bill banning cryptocurrency opposed by Russia’s Ministry of Economic Development
Russia's Ministry of Economic Development criticized a proposed bill that seeks to totally ban cryptocurrency use in the country.
· Regulation