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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Wells Fargo Is The Latest Bank To Block Cryptocurrency Purchases On Credit
You can’t buy bitcoin with Wells Fargo credit cards anymore. Engadget reports, “Wells Fargo is pumping the brakes on customers using their credit cards to buy bitcoin — the bank has banned credit card cryptocurrency purchases. However, this isn’t a permanent measure, as Wells Fargo will monitor the crypto market and reassess the issue as needed”.

SEC Launches ICO Portal: Highlights Risks, Rewards, and Responsibilities
According to Tony Spilotro of BlockExplorer, “The United States Securities and Exchange Commission (SEC) is vehemently opposed to a common crowdfunding practice in the cryptocurrency industry called the initial coin offering (ICO). An ICO is similar to an initial public offering where a company or corporation raises investment capital by offering its stock to the public for the first time. Only in an ICO, a digital currency or token is distributed instead of a stock, and the token can have a variety of uses that blur the line of what defines a traditional security.”

Hackers Steal $20 Million Of Ethereum From Ethereum-based Apps and Mining Rigs
The Chinese cyber-security firm Qihoo 360 Netlab reported hackers stole over $20 million of Ethereum. BleepingComputer tells us, “The cause of these thefts is Ethereum software applications that have been configured to expose an RPC [Remote Procedure Call] interface on port 8545. The purpose of this interface is to provide access to a programmatic API that an approved third-party service or app can query and interact or retrieve data from the original Ethereum-based service —such as a mineror wallet application that users or companies have set up for mining or managing funds.”

Argo Blockchain to List on London Stock Exchange, Launches Subscription Crypto-mining
Argo Blockchain, a business that seeks to offer cryptocurrency-mining to the masses, announced its plans to list its shares on the London Stock Exchange. BlockExplorer’s Julia Travers shares with us that “the announcement coincided with the launch of Argo’s Mining as a Service, or MaaS, program, which will allow users to participate in mining through the Argo site with their home computers or smartphones.”

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Gemini To Become First BitLicensed Exchange To Offer Trading in Zcash
The New York State Department of Financial Services has authorized Gemini Trust Company to offer trading of Zcash, Litecoin and Bitcoin Cash. Tyler Winklevoss, Chief Executive Officer of Gemini Trust Company, LCC said, “We are proud be the first licensed exchange in the world to offer Zcash trading and custody services and look forward to providing customers with a safe, secure, and regulated place to buy, sell, and store Zcash, an incredible new form of digital cash.”

Crypto Mining Company Coinmint Moving To Revamp 1,300 Acre Alcoa Plot
Once used for aluminum smelting, an Alcoa plant in Upstate New York is going to be converted into one of the world’s largest bitcoin mining centers. CNBC reports Coinmint said Tuesday it “would invest up to $700 million in the upstate New York location, which it expects to be the biggest bitcoin mining center in the world. The project will create an estimated 150 jobs over the next 18 months.”

Cryptocurrency Theft Malware Now An Economy Worth Millions
According to a new research report titled “Cryptocurrency Gold Rush on the Dark Web” by Carbon Black, the market for malware and tools designed for the theft of cryptocurrency is growing swiftly. ZDNet states, “The researchers estimate that over the past six months alone, a total of $1.1 billion has been stolen in cryptocurrency-related thefts, and approximately 12,000 marketplaces in the underbelly of the Internet are fueling this trend.”

Image courtesy of Carty Sewill, http://cartyisme.com/.

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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Blockchain To Be Integrated In ‘Dungeon Defenders’ Game
Video game publisher Trendy Entertainment, Coindesk reports, “is partnering with startup Signal Zero to integrate a blockchain-based rewards system with its flagship Dungeon Defenders franchise.”

About Half Of Crypto Investors Plan To Hodl Long-Term
On June 7, 2018, BlockExplorer’s Julia Travers reported that South Korean Cryptocurrency Exchange Bithumb released the results of a user survey called, ‘Cryptographic Investment Trends’. It captured the perspective of 2,507 virtual currency investors over the age of 20. The survey included questions on investment plans and government regulations. A notable finding was that 42.8 percent of those surveyed plan to “hodl” or keep their crypto-investments over the long term.

Andy Warhol Art To Be Sold For Bitcoin Via Ethereum Blockchain
In the latest landmark for Bitcoin, Forbes reports, “cryptocurrency and blockchain technology, a London art gallery will later this month auction a portion of Andy Warhol’s 1980 work 14 Small Electric Chairs for cryptocurrencies.”

Chinese Whale Has Amassed Largest Non-Exchange Bitcoin Stash
BlockExplorer’s Tony Spilotro says, “A mysterious Chinese investor has been ‘buying the dip’ so to speak, again and again, amassing one of the largest bitcoin wallets in the entire world.”

Image courtesy of Carty Sewill, http://cartyisme.com/

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Ledger Wallet Desktop Edition Launching on July 9
Operation Prowli: GuardiCore Uncovers Large Scale Cryptojacking
GuardiCore, a cloud-based security provider, has uncovered a large-scale attack on vulnerable servers. BlockExplorer reported on the story as it came to light, “Codenamed Operation Prowli, the attack leverages various exploits to redirect web traffic, and to install cryptocurrency mining software on its targets”.

One Firm Is Way Ahead of Wall Street on Bitcoin
The New York Times reports, ” The financial firm, Susquehanna International Group in Bala Cynwyd, Pa., just outside Philadelphia, is one of the largest players in trading traditional investments like stocks, options and exchange traded funds, or E.T.F.s. Over the last two years, the privately owned company has also built up a trading desk of around a dozen people that buys and sells millions of dollars’ worth of Bitcoin and other virtual or cryptocurrencies in private deals.”

Block Explorer’s Tony Spilotro reports, “Cold storage through a hardware wallet such as the Ledger Nano S is among the safest, most secure, and widely recommended way to store crypto assets. However, using a hardware wallet isn’t always straightforward: not all coins are supported, user interfaces are clunky, and users are often required to use multiple apps to interact with different blockchains.”

Lobbyists Cash-in On Bitcoin
In this Politico money podcast, reporters examine how lobbyists cash in on bitcoin.

Image courtesy of Carty Sewill, http://cartyisme.com/

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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Crypto Start-up Gives Millions to Top Schools to Encourage Blockchain Adoption
San Francisco-based Ripple has announced the University Blockchain Research Initiative – a partnership with 17 top universities from around the globe focused on supporting and accelerating “academic research, technical development and innovation in blockchain, cryptocurrency, and digital payments.”

Samsung SDS Unveils Blockchain-Based Finance Platform Nexfinance
Samsung SDS unveiled Nexfinance, a platform that will offer services such as digital identity, finance concierge, an artificial intelligence virtual assistant, and automatic insurance payment, according to ZDNet.

Bitcoin May Finally Be Bottoming, Chart Watcher Says
Rob Sluymer, a technical strategist at Fundstrat Global Advisors, sent a note to clients, as reported by MarketWatch, “While it is premature to conclude the correction is over, there was a positive technical development this week suggesting the first stage of a three-stage bottoming process is developing.”

Bitcoin, Ethereum and Ripple Price Predictions
The three main Cryptocurrencies kept their bullish profile over the weekend. FXStreet analyzes the three, “This is a very particular technical scenario, as each one of this trio of Cryptos has its own different scenario, but with similar results in the price action.”

Image courtesy of Carty Sewill, http://cartyisme.com/