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Bitcoin Scam Generated $135,000 Daily From Thousands of Investors
MichaelWuensch / Pixabay South African investors are livid today, as reports surfaced yesterday regarding a Bitcoin scam that has defrauded thousands of people. The scam originated within a company called Bitcoin Wallet in Ladysmith, South Africa The firm allegedly claimed that it could produce profits of 100% for investors within 15 days. These promises of high returns turned out to
Economist: 'Bitcoin Is a Gambling Instrument for Chinese, Koreans and Japanese'
Economists seem to be really bagging on crypto lately. Speaking to the Korea Times, noted economist Andy Xie said that there’s basically no way that cryptocurrencies will be recognized as legal currency. "Bitcoin is primarily a gambling instrument for Chinese, Koreans and Japanese," Andy Xie, a vocal critic of the bitcoin craze, told The Korea Times. "Even though so many
Attempts To Block Facebook’s Libra Cryptocurrency May Backfire
Consumer group: Congressional attempt to block Facebook‘s Libra cryptocurrency harms consumer choice and will backfire Simon / Pixabay Washington, D.C. – Days after Facebook announced its new Libra cryptocurrency project, federal lawmakers issued stark warnings to the social media platform, and have now requested the project be put on ice. [REITs] Q2 hedge fund letters, conference, scoops etc The lawmakers
Gemini Shippers Group Joins Blockchain In Transport Alliance
Blockchain
Gemini Shippers Group, a leading shippers association, has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to developing best practices and standards for blockchain in the transportation industry. BiTA's members include Descartes, Daimler, FedEx, SAP and Uber Freight among dozens of other global brands. Gemini will bring its deep expertise in ocean contracting, a carrier track-and-trace integration and
How To Secure Your Crypto Funds
Even though this year hasn’t even reached its middle yet, it has already seen about 10 significant hacks trying to get hold of large sums of money people to hold in cryptocurrencies. After the largest incident in May involving the $40 million that Binance lost to a hack, today another crypto exchange, namely Bitrue based in Singapore, has faced a
Two Arrested in Connection to 2016 Bitfinex Hack
Here’s an interesting turn of events; two computer programmers, brothers Eli and Assaf Gigi, have been arrested in Jerusalem in connection to one of the world’s largest and most prominent cryptocurrency hacks: the now billion-dollar 2016 Bitfinex hack. The duo, according to Finance Magnates, were long suspected of “systematic” cryptocurrency theft and were arrested during a raid. Eli Gigi, the
Blockchain Provides Trustability in the Age of Mobility Services and Autonomous Vehicles
Harry Behrens, head of the blockchain factory, Daimler Financial Services, spoke at the Blockchain Europe expo in Amsterdam, highlighting the disruption that awaits mobility systems and how blockchain can be leveraged to provide trustability and enable end-to-end real-time financial transactions without manual intervention. "Private ownership is going down, and mobility is going towards a stage where it is delivered as
NexChange Interview Series: Didi Taihuttu - the Family Who Bet It All on Bitcoin!
In this installment of the NexChange Interview Series, NexChange’s Olga Yaroshevsky chats with the Bitcoin Family’s Didi Taihuttu onboard the CoinsBank Blockchain Cruise. Taihuttu and his family sold all their belongings – house, cars, motorcycles, and clothes – two and half years ago to bet it all on bitcoin. They’ve been traveling ever since, enjoying life and educating people “on
Kakao’s Klaytn Blockchain Network Goes Live
Blockchain
Ground X, the blockchain unit of South Korean messaging juggernaut, Kakao, announced on Thursday that it has officially launched its widely-anticipated blockchain platform, Klaytn. Klaytn, per the team’s post on Medium, “is a service-centric blockchain platform” which aims to “trigger the mass adoption of blockchain experience for millions of users across the world.” Klaytn combines the best features of both
Bitcoin Price Drops $1,700 In Minutes After Coinbase’s Website Crashed
MichaelWuensch / Pixabay The bitcoin price plunged as much as $1,700 in just 15 minutes after crypto exchange Coinbase’s website crashed on Wednesday afternoon. This massive drop comes after the bitcoin price hit a 17-month high of over $13,700 on Tuesday. After Coinbase’s website crashed, it showed this message: “An error has occurred. We’ve been notified about the issue and