Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet

In South Korea, Bithumb was visited by officials of the Mongolian government. Upbit is offering free training leading up to its developer conference. A public company has unveiled a hardware wallet as it enters the crypto space. Meanwhile, hacked crypto exchange Coinrail has launched an international service for non-Korean customers, and a US bitcoin ATM … Read more

Venezuelans to Be Paid at Least Half a Petro a Month

Announcing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0.5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin.    … Read more

Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures

The South Korean government has announced the outcome of its inspection of 21 cryptocurrency exchanges. While a number of exchanges have completed implementing both short-term and wallet management measures, many security vulnerabilities remain at most exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 21 Exchanges Inspected South Korea’s government has announced the result … Read more

Bitcoin ETFs are a Terrible Idea: Andreas Antonopoulos

Announcing this week he intended to “burst” the ecosystem’s “bubble” because of “Lambos” and “to the moon, and all that,” one of the most respected thought leaders in cryptocurrency, Andreas M. Antonopoulos revealed he believes bitcoin exchange traded funds (ETFs) are “a terrible idea.” The author of The Internet of Money and the seminal Mastering … Read more

Over 60% of Top 100 Cryptocurrencies Have No Working Product, Study Claims

Of the top 100 cryptocurrencies listed by market capitalization, only 36 are actually what the authors term “working products” in a study recently published online. Newer ecosystem website, Invest in Blockchain, commissioned the study. It’s sure to be debated, and hotly, as to which coins made the cut to 36, but the authors attempt to … Read more

US Judge Orders Alleged Hacker to Pay Bail in Cryptocurrency

A US federal judge has ordered an alleged hacker to pay the equivalent of $750,000 in cryptocurrency for bail. The man was charged with hacking video game company Electronic Arts (EA), obtaining in-game currency used to buy and sell in-game items, and selling access to online games though black-market websites. Also read: Yahoo! Japan Confirms Entrance … Read more

Developing an ICO Project in Russia Can Cost as Little as $1,500

The average cost to develop an ICO project in Russia is hovering around $18,000 USD but the price can go down to as little as $1,500, according to a study that explores the market for such services. The hourly rate for a blockchain developer is averaging a little over $44, the authors found after surveying … Read more

Mining Round-Up: Nvidia Shares Drop, College Students Mine on Campus

In recent news pertaining to cryptocurrency mining, Nvidia has witnessed a drop in its share price after announcing an unexpectedly modest earnings outlook – partly driven by reduced demand for mining hardware. Also, the World Digital Mining Summit has been scheduled for late September in Tbilisi, Georgia, and reports continue to surface detailing opportunistic students … Read more

Altcoin Purge Begins: Okex Delists 28 Token Pairs

As part of what some observers are calling a purge of alternative coins during the cryptocurrency bear market, Hong Kong-based exchange Okex announced they would be delisting and hiding certain token pairs, more than two dozen in total. It comes at time when the exchange is dealing with its own internal problems in a year, … Read more

Huobi Launches Partner Exchanges in Russia, Philippines, Taiwan, Indonesia, Canada

Chinese exchange Huobi and its partners are launching cryptocurrency exchanges in five regions: the Philippines, Russia, Taiwan, Indonesia, and Canada. Partners “share Huobi’s order integration system, wallet system, asset management and clearing systems.” The exchange in Manila has launched with trading in three markets with over 40 trading pairs. Also read: Yahoo! Japan Confirms Entrance Into … Read more