Month: April 2018

Backpage.com Seized by US Justice Department, Cryptocurrency Connection Remains Unclear

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Most people are aware that Backpage.com has been seized by the US Justice Department. This development has caused quite a stir, although a lot of unsavory evidence has surfaced in the past few days. It seems the owners of this platform have engaged in money laundering involving cryptocurrency. It’s not a positive development for this nascent … Read more

Cryptocurrency Is the Main Income for 12% of Russian Crypto Users

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Cryptocurrency is the main source of income for 12% of Russian speaking crypto users, according to a new survey. More than 90% of the respondents say they want to use digital coins as a means of payment, and a quarter of those interviewed are already doing that. 40% of the participants view cryptos like bitcoin … Read more

Kodi Removes Add-Ons Illegally Mining Cryptocurrencies

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Even though public interest in cryptocurrency is growing, it is not always for the right reasons. Criminals have taken a strong liking to crypto, especially when it comes to mining them with other people’s computer resources. It seems there has been a growing number of cryptocurrency mining-oriented Kodi add-ons. As such, the developers are cracking down … Read more

Pakistan’s Urdubit Exchange Shuts Down After Crypto Ban

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Urdubit, a leading Pakistani bitcoin exchange, has closed down permanently. The news came after the central bank of Pakistan announced a ban on dealings with cryptocurrencies. The trading platform urged customers to withdraw their funds “as fast as possible”. Its team confirmed on social media its operations had been suspended due to the prohibition of … Read more

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