Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From Banks

Major South Korean exchanges are on a hiring spree. The demand for cryptocurrencies and the government’s mandate for stronger security systems are driving the need for additional manpower at crypto exchanges. Their attractive employment benefits and flexible work environment are pulling workers from traditional banks and financial companies. Also read: Russian Regulators Draft Law to Restrict Crypto … Read more

Maduro Orders the Issue of 100M Petros, Venezuela’s Oil-Backed Cryptocurrency

The first issue of Venezuela’s national cryptocurrency has been ordered by President Nicolás Maduro. He has also called for the first national meeting of the petro’s miners where he will release the whitepaper for the new currency. Also read: Venezuela Unveils Mining, Trading, and Launch Details of National Cryptocurrency 100 Million Petros Incoming On Friday Venezuela’s … Read more

Former Iced Tea Firm Plans to Mine Bitcoin in the Nordic Region

Just recently we reported on the beverage firm Long Island Iced Tea Corp and its share price increase by more than 400% immediately after it rebranded to “Long Blockchain Corporation.” On January 4, the company filed with the U.S. Securities and Exchange Commission (SEC), stating its intentions to mine bitcoins and purchase 1,000 Bitmain manufactured Antminer … Read more

United States of Bitcoin: Illinois Gives Crypto Love While Other States Hate

The United States continues to divide over the issue of cryptocurrency generally and bitcoin in particular. Idaho and Alaska issued crypto investment warnings, while Iowa’s Insurance Division cautions against the digital asset’s “high risk,” and Utah announces “scam” scares. Illinois bucks the worrywarts, however, and is instead crafting legislation that would welcome crypto businesses and … Read more

Cryptocurrency Valuations Have Created Very Wealthy Founders

Bitcoin has been on a tear for well over a year now, but a few other cryptocurrencies have increased in value far more than BTC. This past week the two digital assets ripple (XRP) and ethereum (ETH) have spiked in value exponentially, making the founders of these projects some of the wealthiest men in the … Read more

Report Reveals 18% of Investors Buy Bitcoin With Borrowed Money

Just recently the consumer group Lendedu released a report on bitcoin investors who use credit to purchase digital currencies. According to the survey, out of 672 active bitcoin investors polled, 18.15 percent of the participants used a credit card to fund bitcoin purchases. Also read: French Entrepreneur’s Case to Overturn the Bitlicense Dismissed Out of 672 … Read more