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Following the adoption of the country’s first cryptocurrency regulation, the central bank of Thailand is working on its own digital currency in collaboration with the country’s largest banks. Initially, the new currency will be used for interbank transfers; this phase is expected to be completely developed by the first quarter of next year. Also read: Yahoo! … Read more
At press time, the largest cryptocurrency by market cap is trading in the $6,400 range and is virtually unchanged from yesterday and the day before. $6,400 is obviously a comfortable spot for bitcoin; it has remained here for some time and isn’t showing any signs of moving. Interestingly, bitcoin suffered a major blow this morning … Read more
European crypto card provider Wirex has been awarded an e-money license by the Financial Conduct Authority in the UK. The accreditation will allow the company to create e-money accounts in more than two dozen different currencies. Wirex hopes to secure similar licenses in Asia and North America. Also read: Check Which Coins You Can Spend … Read more
China has become a very hostile nation for cryptocurrency. It is a very worrisome trend, but it appears there is nothing that can be done about it. In another crackdown, the country is now targeting WeChat content pertaining to Bitcoin and other cryptocurrencies. WeChat Cryptocurrency Content Is Disallowed It is evident the ongoing ‘ban’ on … Read more
Although ransomware attacks seem to create a lot fewer media headlines these days, there are still plenty of concerns out there. The Ryuk malware is quite potent and is mainly designed to target large corporations around the world. Criminals have already earned over half a million dollars in payments from Ryuk, and that may only be … Read more
Most cryptocurrency users have no love lost for Ripple and its underpinning technology. That is only natural, as this project is not a cryptocurrency venture in the traditional sense. Despite this opposition, the company is working on improving its technology and offerings. Convergence is a rumored project in development, and it could pack quite the … Read more
As is usually the case when Bitcoin loses value, altcoins and digital assets will follow a very similar path first and foremost. In the case of the Stellar price, its losses are starting to pile up rather quickly. Thanks to the latest setback, the XLM value has now dropped below $0.21 again and could go … Read more
Positive cryptocurrency market momentum is very difficult to come by as of now. The latest Bitcoin ETF rejection is causing quite a bit of panic selling, which is entirely to be expected. The NEO price, for example, is getting battered once again, as it has lost a significant amount of value in the past 24 … Read more
The security premise of blockchain distributed ledgers is that they constitute a system where everyone verifies everything, similar to how polygraph lie-detector machines operate – replicating the same output in several databases. However, as blockchains and the cryptocurrencies they sustain grow in popularity and adoption picks up, such an arrangement cannot adequately scale and requires … Read more
The largest cryptocurrency mining farm in Russia has opened in the Leningrad Region, according to the regional government. The facility is equipped with more than 3,000 pieces of mining equipment and covers an area of approximately 4,000 square meters. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Largest Mining Farm in Russia The press … Read more