Cryptocurrency
A cryptocurrency is a digital asset or virtual money that is secured by cryptographic algorithms. Some cryptocurrencies are decentralized and are based on Blockchain technology or distributed ledger technology.
The first cryptocurency was developed by the American cryptographer David Chaum, who has described is ecash anonymous cryptographic electronic money in 1983. Now Bitcoin is one of the most popular and biggest cryptocurrencies.
Feb 01, 2019 at 17:11
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BitGrail Owner to Compensate Investors who Fell Victim to Hack
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The bankruptcy court in Florence, Italy has demanded Francesco Firano, the owner of Italian cryptocurrency exchange BitGrail, to quickly repay losses incurred by users during a hack that saw around $170 million worth of Nano (XRB) crypto stolen.
Feb 01, 2019 at 12:27
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Iran to Use its Cryptocurrency in Trades with Europe, UK, Russia and South Africa
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The head of Iran’s Trade Promotion Organization (ITPO) has said that the country is in talks with senior representatives from 8 nations to begin transactions with its ‘IranCoin’ - the newly created State-backed digital currency, Crypto-Rial, according to Tehran Times, a local news outlet.
Feb 01, 2019 at 11:41
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Fidelity Still Not Giving Up on Cryptos: Bitcoin Custody Service Launch
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US-based company Fidelity Investments announced that it will likely launch its new cryptocurrency custody service in March this year. Fidelity plans include that the Bitcoin (BTC) storage will come first and then Ethereum (ETH) will follow.
Jan 30, 2019 at 15:52
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Not Over Yet: Cryptopia Hacked Again, over $180,000 Worth of ETH Missing
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Cryptopia – a crypto exchange platform based in Switzerland, was badly hacked on Monday, January 14, 2019, and has again faced another significant loss of money from the same hackers, just 2 weeks later.
Jan 29, 2019 at 15:34
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Italy to Turn Ticino into a Cryptovalley to Boost Community Growth
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The Green tables and slot machines seem to be the new economy for Italy. Particularly distributed ledger technology, online and digital contracts system collection protocol which is appropriating large space most peculiarly in the era of financial transactions and exchanges of cryptocurrencies.
Jan 29, 2019 at 14:15
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“IranCoin”: New Government-Backed Crypto to Bypass US Economic Sanctions
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Iran - a theocratic Islamic republic in the Middle East, is expected to declare a state-backed crypto at the yearly Electronic Banking & Payment Systems (EBPS) conference that will begin on Tuesday, January 29.
Jan 29, 2019 at 08:50
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4 Challenges Experienced by Merchants when Accepting Digital Assets
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The use of Blockchain technology and Cryptocurrencies has been significantly increasing among different companies, institutions, people and businesses, due to the hype surrounding it in terms of its major benefits including more secure transactions, an increase in userbase, lower fees, averting chargebacks and quicker funds clearance.
Jan 28, 2019 at 12:19
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Regulators Exclude South Africa Blockchain & Crypto Developers from Tax Incentive
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In a struggle that will change the face of blockchain development in the nation and the continent at large, the South African Reserve Bank (SARB) has softly left out digital currency developers from a tax incentive that is particularly aimed at technological innovation, according to a report by BusinessLive.
Jan 28, 2019 at 09:47
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The UK FCA Consults on Cryptoasset Regulations, Publishes New Crypto Guidance
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The Financial Conduct Authority (FCA), an autonomous financial watchdog in the U.K, has started consulting on guidance related to virtual currencies, as per a Wednesday, January 23, official release.
