Major South Korean Exchange Reportedly Hacked, Bitcoin's Price Takes Nosedive

As with the recent Coinrail exchange hack case, multiple digital currencies, including Bitcoin, have seen notable drops in their value in the face of the news. Coinrail allegedly lost roughly the same amount of money as Bithumb.
| Tech |

Kenya:Kenya's First Bitcoin ATM Up, Offers Instant Cash Purchases

[East African] East Africa's first digital currency automated teller machine has been installed in Nairobi, making it possible to buy bitcoins and litecoins instantly in cash.
| News |

Turkish cryptocurrency Turcoin revealed as ‘Ponzi scheme’

Turcoin, which was presented as Turkey’s “national” alternative digital currency, has been revealed as a Ponzi scheme after its founders disappeared with millions of dollars.
| Economy |

South Korea to Impose Stricter Regulation of Cryptocurrency Exchanges

The news comes hot on the heels of the exchange Coinrail being hacked and losing 30% of the coins traded on it. Japan earlier also adopted stricter laws regulating the cryptocurrency market following a series of exchange hacks.
| Tech |

Bitcoin Price Takes Nosedive as S Korean Exchange Loses 30% of Coins in Hack

There were numerous hacker attacks on cryptocurrency exchanges throughout the past year. Each time these hacks led to a decrease in value not only of the coins stolen, but of cyptocurrencies as a whole.
| Tech |

Zimbabwe:Reserve Bank Digs in On Cryptocurrency Ban

[Zimbabwe Standard] Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has defended the central bank's decision to ban cryptocurrency transactions and accused a local dealer of exposing the country, money-laundering, evasion of foreign currency exchange controls and violation terrorism financing.
| News |

Huobi Group to invest $100 million in new public blockchain

BEIJING: China’s Huobi Group, a global financial services provider, announced on Wednesday it is investing $100 million, or 20 million of its tokens, to build a public blockchain. Blockchain, the system powering cryptocurrencies like bitcoin, is a shared database that is maintained by a network of computers connected to the internet. Bitcoin, Ethereum, and most major alternative coins are examples of public blockchains.
| BUSINESS |

Quebec's Flip-Flop Policy on Cryptocurrency Mining Takes Another Turn

The Canadian province became a haven for cryptominers due to its cheap electricity, generated by the numerous hydroelectric power stations there. However, the influx of miners started to overload the power grid, leading to a ban on cryptomining in March 2018.
| Tech |

Africa:Africa Leads Peer-to-Peer Financial Revolution

[CAJ News] Johannesburg -AFRICAN consumers account for over R500 million (US$40 million) in transactions per month on Paxful, the global peer-to-peer cryptocurrency marketplace.
| News |

Zimbabwe:Cryptocurrencies Ban - Central Bank Dragged to Court

[Zimbabwe Independent] The Reserve Bank of Zimbabwe (RBZ) and its governor John Mangudya have been taken to court by a local cryptocurrency exchange dealer, Bitfinance (Pvt) Ltd trading as Golix, which is seeking an order to nullify the recent pronouncement by the central bank banning all transactions in digital currencies.
| News |

Zimbabwe:Court Lifts Ban On Cryptocurrencies

[The Herald] Cryptocurrency exchange giant, Bitfinance (Private) Limited, which was last week banned from operating in Zimbabwe, will now resume its business with the blessings of the High Court.
| News |

South Africa kidnappers demand ransom in bitcoin to free teenager

A criminal gang in South Africa who kidnapped a teenage boy on Sunday are demanding a ransom in bitcoin crytocurrency of nearly $120,000, police said. Katlego Marite, 13, was dragged into a car while playing with two friends near his home in Witbank, a town in the eastern province of Mpumalanga, on Sunday afternoon, police spokesman Leonard Hlathi said. “They demanded that the family should deposit a sum of 15 bitcoins, not in rands,” he told news channel eNCA.
| News |

Africa:Facebook to Tap Into More Revenue From Cryptocurrency

[East African] Facebook is considering creating its own cryptocurrency, a virtual token that would allow the social network's billions of users to make electronic payments on the platform.
| News |

Dubai-based crypto exchange BitOasis to suspend dirham transactions amid issues with local banks

BitOasis, the leading digital asset exchange of United Arab Emirates that allows customers to buy different cryptocurrencies including Bitcoin and Ripple is suspending dirham deposits and withdrawals from 4th June onwards. The company had announced the decision last week in an email sent to its users, giving them 24 hours to complete any dirham transaction […] The post Dubai-based crypto exchange BitOasis to suspend dirham transactions amid issues with local banks appeared first on MENAbytes .
| News ,Technology ,Crypto |

Floating Island in Polynesia to Have Green Tech, Its Own Cryptocurrency (PHOTO)

They say a rising tide lifts all boats, but with climate change upon us, many are wondering if that could include cities as well. Eat your heart out, Kevin Costner, because a real Water World is being built in the South Pacific.
| Tech |

Zimbabwe:Bitcoin Made Easy - What Is Cryptocurrency?

[The Herald] The explosive growth in the use of, and investment in, cryptocurrencies by Zimbabweans in the last few months has put financial regulators on the defensive. In 2017, more than $5,3 million worth of Bitcoin - the benchmark cryptocurrency - was traded on the country's biggest digital currency exchange Golix.
| News |

Canaan IPO puts Hong Kong at centre of blockchain world

The Chinese chipmaker plans to raise $1 billion with a HKEX listing, as the industry moves from murky ICOs to a more regulator-compliant environment The post Canaan IPO puts Hong Kong at centre of blockchain world appeared first on Asia Times .
| Canaan ,Bitcoin mining ,HSBC |

Is blockchain the answer that Africa needs?

Conversations about blockchain have grown louder and louder in recent months sending ripples across the continent. About two years back when cryptocurrency started gaining fame on the continent, state financial institutions were quick to strongly warn their citizens against making investments. In fact this week, Zimbabwe effected a ban against cryptocurrency. But elsewhere on the continent, leaders in government and influential figures are now at the forefront of blockchain intergration. So what changed in such a short time?
| News |

Goldman-backed startup to launch dollar-based token

Circle Internet Financial also gets investment from the world's biggest Bitcoin miner, Beijing-based Bitmain, to launch the USD Coin The post Goldman-backed startup to launch dollar-based token appeared first on Asia Times .
| Circle ,Bitmain ,stablecoins |

Zimbabwe:Govt Jumped the Gun On Cryptocurrency Ban

[The Herald] Only a few days ago Minister of Finance and Economic Development Patrick Chinamasa announced that Zimbabwe's economy was now 96 percent cashless and a few days later the Reserve Bank of Zimbabwe announces that they are banning cryptocurrency without specifying the reasons.
| News |

For real royal tradition, look to crowd's taste in wedding souvenirs

Limited edition package of Crown Jewels Condoms? Wedding-themed cryptocurrency? Giant Harry and Meghan dolls? They're all on offer. But who's buying them?
| News |

End of the road for Bitcoin as Zimbabwe bans banks from trade in cryptocurrencies

.fb-like span { overflow:visible !important; width:450px !important; margin-right:-200px; }   Zimbabwe Digital News   The Reserve Bank of Zimbabwe has issued a directive to Zimbabwean financial institutions prohibiting them from working with cryptocurrency exchanges, [...]
| Business ,Featured ,Money |

Zimbabwe bans banks from processing payments for cryptocurrencies

Zimbabwe’s central bank has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin, its governor said on Monday, but stopped short of banning local cryptocurrency trading exchanges. In the southern African nation, those who trade in bitcoin say it offers rare protection as their bank deposits lose value almost by the day while others use it to fund family members studying abroad or purchase goods online. On Golix.com, the largest of only two trading platforms for
| News |

Facebook Mulls Own Digital Currency – Reports

Facebook considers creating a cryptocurrency to be used for transactions between billions of its users, US media reported, citing anonymous sources privy to the matter.
| Tech |

How rogue states learned to stop worrying and love Bitcoin

Iran, Venezuela and supposedly North Korea have all tried to turn to crypto-currencies to side-step US sanctions, with varying degrees of success The post How rogue states learned to stop worrying and love Bitcoin appeared first on Asia Times .
| crypto-currency trading ,Economic Sanctions ,Iran |

Pakistani crypto PakCoin up by 60% despite central bank ban

PakCoin founder 'Abu Shaheer' believes the move worked in the currency’s favor by exposing its name, so "more people got interested in it" The post Pakistani crypto PakCoin up by 60% despite central bank ban appeared first on Asia Times .
| South Asia ,Pakistan ,Cryptocurrency |

Secret Offline Bitcoin Vault Found in Swiss Mountains

The Bitcoin cryptocurrency saw a sharp rise in both price and interest from investors in the beginning of 2017, with its value soaring to above $25,000 per coin. 2018 was not as good of a year, with the cryptocurrency losing over 50% of its value in January.
| Tech |

Nigeria:'60% of Nigerian Firms Suffer Cyber Attacks'

[Guardian] Participants at the second edition of NaijaSecCon have been exposed to insights and discussions around malware analyses; cryptocurrency mining, USB forensics, digital forensics capabilities, programming and different topics around security.
| News |

Buffett the Bitcoin slayer meets crypto Wolves of Wall Street

The Oracle of Omaha compares Bitcoin trading to 'rat poison,' while New York investment heavyweights launch crypto trading platforms. So who is right? The post Buffett the Bitcoin slayer meets crypto Wolves of Wall Street appeared first on Asia Times .
| Wall Street ,crypto-currency trading ,Bitcoin |

The media and the murky world of Chinese Bitcoin mining

The story that stolen Icelandic computers may be in China was bigger in crypto media than a major mining operator manipulating the Bitcoin market The post The media and the murky world of Chinese Bitcoin mining appeared first on Asia Times .
| China ,crypto-currency mining ,Antpool |

Bitcoin banknotes in Singapore as S Korea eases crypto stance

The Southeast Asian city-state and Seoul look to be joining Japan with an open-door policy for crypto-currency investment, trading and use The post Bitcoin banknotes in Singapore as S Korea eases crypto stance appeared first on Asia Times .
| Tangem ,Bitcoin banknotes ,Singapore |

Sakarya University servers ‘used for cryptomining’

Computer servers of Sakarya University, a public research university located in the city of Adapazarı, the capital of the western province of Sakarya, have allegedly been used to mine cryptocurrency, daily Habertürk reported on May 7.
| Turkey |

Thai Government measures sending crypto industry underground

Insider says new tax framework will drive Bitcoin traders to Singapore and Hong Kong or transactions will simply disappear from regulatory view The post Thai Government measures sending crypto industry underground appeared first on Asia Times .
| Thailand ,crypto-currency exchanges ,The Chain |

Goldman Sachs to open a bitcoin trading operation

But Goldman Sachs is bucking the risks and moving ahead with plans to set up what appears to be the first bitcoin trading operation at a Wall Street bank
| News |

Billionaire Thiel backs big-sum Bitcoin trading platform

The entrepreneur's fund has invested in the Tagomi System which aims to be the crypto version of an online brokerage on behalf of wealthy individuals The post Billionaire Thiel backs big-sum Bitcoin trading platform appeared first on Asia Times .
| Peter Thiel ,crypto-currency exchanges ,Tagomi |

Cryptocurrency boom is over with conditions 'returning to normal', trading firm Plus500 says

Online trading platform Plus500 said the huge boom in interest around cryptocurrencies has subsided and that the market had returned to more "normal" conditions.
| News |

Buffett again dismisses ‘speculative’ Bitcoin market

The 'Oracle of Omaha' says crypto-currency trading is based on gambling and the hope that 'somebody else will come along and pay more money tomorrow' The post Buffett again dismisses ‘speculative’ Bitcoin market appeared first on Asia Times .
| Investors ,Bitcoin ,Warren Buffett |

UNICEF Opts for Cryptocurrency Mining From Netizens' Computers for Fundraising

It’s widely accepted that using somebody else’s computing power to mine cryptocurrencies is dubious, but UNICEF Australia appears to be doing so with good intentions.
| Tech |

How to watch out for Cryptocurrency scams on Android

Written by Lukas Stefanko, Malware Researcher at ESET The recent rise in cryptocurrency scams appearing on the Android platform in disguise has shown that such incidents are not exclusive to PCs and also highlight the importance of knowing what to look out for so you do not unintentionally take part. The growing prices and popularity of cryptocurrencies don’t just attract masses of potential users, but also inspire cyber-crooks to find new and creative ways to get their sticky fingers on
| How To’s ,Android ,cryptocurrency |

How to watch out for Cryptocurrency scams

Guest written by Lukas Stefanko, Malware Researcher at ESET explaining the how important to know what to watch out for cryptocurrency scams on Android platform The recent rise in cryptocurrency scams appearing on the Android platform in disguise has shown that such incidents are not exclusive to PCs and also highlight the importance of knowing what to look out for so you do not unintentionally take part. The growing prices and popularity of cryptocurrencies don’t just attract masses of potential users,
| How To’s ,Android ,cryptocurrency |

Kenya:CMA Roots for Regulator of Cryptocurrency

[Nation] The Capital Markets Authority (CMA) is pushing for creation of a special unit comprising financial sector watchdogs to regulate the use of cryptocurrency, citing high risks associated with the Internet-based digital currencies.
| News |

Death Metal Audio Alert to Mark Bitcoin Price Moves Is New Distress Signal

Gilfoyle, a character from HBO's Silicon Valley TV program, revealed in a recent episode of the much-hyped series that he mines bitcoins, but only if the venture yields a profit.
| Tech |

Bitcoin frenzy settles down as big players muscle into market

After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a period of relatively boring stability, experts say.
| Economy |

Bitcoin will replace gold and soar in price to $700,000, says major investor

The entire bitcoin network could one day be worth more than $6 trillion, according to a partner at Pfeffer Capital – but other cryptocurrencies are doomed
| News |

Taiwan tightening crypto laws amid money laundering fears

Taipei had been taking a neutral approach to cryptos. But a new government trading framework on Bitcoin and other crypto-currencies could change this The post Taiwan tightening crypto laws amid money laundering fears appeared first on Asia Times .
| Taiwan ,crypto-currency regulation ,anti money-laundering |

Boom or Bust, Twist or Stick? It's Six Weeks High & Rising for Bitcoin

Rumors are rife that big banks are entering the cryptomarket causing a surge in the price of bitcoin. While this is good news for anyone who has a stash of the digital dosh, it could be a sign that regulators are closing in on the cryptocurrency.
| Europe |

Why is Bitcoin rising again?

Crypto-currencies are soaring and Goldmans, George Soros and the Rockefellers are now in the game. Has the sector really legitimized? The post Why is Bitcoin rising again? appeared first on Asia Times .
| Russian oligarchs ,Bitcoin ,Digital Assets Indices |

Atlanta Pays $2.6M to Contractors to Fix Hack Instead of $50K Bitcoin Ransom

Atlanta was extorted for $50,000 to be paid in bitcoin (roughly 5.4 bitcoin as of press time) after the city’s computer networks were infected with vicious malware in late March. The city might as well have paid the ransom, because it wound up spending $2.6 million on emergency contracts to recover systems made inoperable by the malware infection.
| US |

So what comes after Bitcoin?

While crypto-currencies look set to be with us for a while, the future might not include the original token that remains the market's dominant player The post So what comes after Bitcoin? appeared first on Asia Times .
| the future ,crypto-currencies ,Bitcoin |