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cryptocurrency News

Bitcoin mining — How much energy is really consumed?

It takes a lot of electricity to mine bitcoins, and as more miners try to cash in on the crypto craze, the amount of energy required to win new coins increases, according to new research published last week.

Circle raises $110 M, plans to build USD-backed cryptocurrency

Originally billed as a social payment company, Circle has been active on all fronts of digital currency — increasingly so in cryptocurrency. Their latest funding round success shows just how much, and where they plan to take their next step.

Bitcoin price stuck in the $8,000 to $9,000 range

Bitcoin joined other cryptocurrencies in ending the first week of May with descending prices. As of Sunday the price of bitcoin was well above its recent low but is still trading well below the $9,000 level.

Automobile makers come together for blockchain research

A sign of the importance of blockchain technology for major businesses, world’s largest car manufacturers have announced forming the biggest-ever consortium to examine the potential of blockchain for the sector.

Blockchain is a 'pixie dust' fad

The British Parliament's Treasury Committee heard evidence on cryptocurrencies and blockchain on Tuesday. Martin Walker from the Center for Evidence-Based Management spoke before the committee.

Iran bans banks from using cryptocurrencies

Tehran - Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology.

Bitcoin's true believers vow to ride out currency rollercoaster

New York - The crowds have thinned somewhat at Bitcoin Center, leaving just the true believers in the volatile cryptocurrency.

First blockchain smartphone set for release

The first mobile devices equipped with blockchain functionality is to be produced. This will be a new smartphone, with the aim if brining cryptocurrency use and blockchain to the mass market.

Bitcoin price recovers slightly after dropping below $7,000

Bitcoin hit a 50 day low yesterday at $6,630 US . Part of the sell off may be related to its being the tax season according to Barry Slibert founder of the Digital Currency Group. It has affected not just bitcoin's price but that of many cryptocurrencies

Regulation and apathy hit bitcoin market

London - Wild fluctuations within the bitcoin market have once again sparked debate between investors who believe it is merely undergoing a "correction" and those who see it as a costly fad.

Why social media is banning cryptocurrency ads: Interview Special

Following the footsteps of both Google and Facebook, Twitter will now also ban advertisements related to cryptocurrencies. Why is this and what do they fear? Joe McCann, Founder and CEO of NodeSource explains.

Ex-England star Michael Owen to launch own cryptocurrency

Fpo - Former Manchester United and Real Madrid striker Michael Owen is launching a cryptocurrency in his own name, joining other famous sportsmen including Manny Pacquiao in a new venture to connect with fans.

A 12-month freeze placed on token trading in the U.S.

The Security and Exchange Commission (SEC) confirmed last week that it is investigating companies and startups associated with Initial Coin Offerings (ICOs). There had long been rumors that this was happening.

Trump slaps sanctions on Venezuela's 'bitcoin'

Washington - US President Donald Trump on Monday barred US firms and citizens from dealing in Venezuela's new cryptocurrency.

Coinbase exchange to launch its own cryptocoin index fund

San Francisco - Coinbase the large U.S.-based digital currency exchange announced that they will be launching a passively managed cryptocurrency index fund.

Thieves stole over 600 Bitcoin miners from Icelandic datacentre

Police in Iceland have arrested 11 people in connection with the theft of Bitcoin mining equipment worth almost $2m. The suspects allegedly stole hundreds of computers during four datacentre raids. The incident has been dubbed the "Big Bitcoin Heist."

Marshall Islands issues cryptocoin Sovereign as legal tender

Majuro - Little Marshall Islands is creating its own digital currency in order to raise cash, pay its bills, and help boost its economy. It will be the first country to recognize any cryptocurrency as legal tender.

Tesla servers hijacked by cryptocurrency miners

Tesla cloud servers were "crypto-jacked" by attackers who used the resources to mine cryptocurrencies. Security researchers discovered Tesla had failed to take basic steps to secure its account, which had no password protection.

Bitcoin recovers as it breaks through $11,000 easily

This morning bitcoin's price went past the $11,000 mark easily reaching a high above $11,600 in trading this Tuesday morning as its recovery continues.

New alliance for blockchain and supply chain

Supply chains globally are undergoing reforms, using blockchain and supply chain technologies. This has led to the formation of the 'Trusted IoT Alliance', plus various technological advancements.

Litecoin leading the way in cryptocurrency recovery

The crypto market is recovering at least in the short term led by litecoin. The recent cryptocurrency market capitalization was $466 billion its highest level since February 2.

Bitcoin recovers to break $10,000 barrier again

Bitcoin, the biggest cryptocoin by market cap, has staged a comeback from its recent lows to break through the $10,000 barrier although it dropped back briefly below ten thousand later.

Japan's crypto exchange Coincheck sued after massive heist

Toukyo - Cryptocurrency traders filed a lawsuit Thursday against Japanese exchange firm Coincheck, seeking repayment after hackers raided hundreds of millions of dollars in digital assets.

Banks begging to engage with cryptocurrencies

Global banking is currently a $134 trillion industry and in the U.S. ten or so major banks have dominated the market for decades. This is set to be disrupted with blockchain and cryptocurrencies.

Op-Ed: Cryptocurrency's future in hands of regulators — like it or not

Inevitably those in the cryptocurrency world will need to interact with regulators. The darker aspects of the cryptocurrency world cause governments to develop policies to regulate the area.

Central banker takes stab at bitcoin 'bubble'

Frankfurt Am Main - The head of the Bank of International Settlements, the central bank for central banks, on Tuesday lambasted bitcoin as a speculative bubble and said authorities need to be ready to protect public trust in the financial system.

Japan raids hacked crypto exchange, bitcoin plunges further

Toukyo - Japanese authorities on Friday raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost $530 million in cryptocurrency to hackers.

Record highs, record heists: where is cryptocurrency heading?

Toukyo - A hacking theft that netted $530 million, a ban on Facebook advertising, regulation even in Russia and more wild price swings: despite another stomach-churning week for cryptocurrencies, analysts say they are here to stay.

Facebook clamps down on cryptocurrency ads

Facebook's announced a change to its ad policies that bans ads for products including cryptocurrencies and ICOs. The company said online cryptocurrency promotions are often "misleading or deceptive," adding it wants to remove scams from its platform.

Google admits YouTube hosted malicious crypto-mining ads

Google's said it's developing new techniques to detect malicious crypto-mining adverts after YouTube was caught displaying them to unsuspecting users. Ad-based miners are a new form of malware that generate revenue while slowing down the user's device.
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