Tag Archives: Bitcoin Businesses

The Zaif Hack Story Isn’t Over Yet: Further Investigations Lead to More Questions

The hack of Japan-licensed cryptocurrency exchange Zaif took the crypto community by surprise last week. It’s recently emerged that the perpetrators of the crime are trading the stolen wealth on Binance and other exchanges. Japan’s Financial Watchdog Slams Three Business Improvement Orders The event couldn’t pass unnoticed, especially because the exchange had reportedly warned about its vulnerabilities in… Read More »

‘99.73 Percent’ Loss: Ari Paul’s $1 Million Bitcoin Price Bet Looks Doomed

Cryptoasset investment firm BlockTower CEO Ari Paul has lost 99.73 percent of his $1 million Bitcoin price bet as the 2018 bear market claims fresh victims. 275 BTC Of Pain The eye-watering figure surfaced on social media September 27. Paul, who on December 21, 2017, purchased Bitcoin options on LedgerX for $3600 each, currently faces receiving around $10… Read More »

This Bitcoin Startup ‘Could Be First To IPO,’ Says Alphabet Inc. VC Firm After $25M Funding

Goldman Sachs and GV (formerly Google Ventures) are among major investors in a $25 million funding round for Bitcoin payment network startup Veem, the company confirmed September 26. Google, Goldman Sachs Bet On Bitcoin Payments Speaking to Forbes, Veem CEO Marwan Forzley confirmed the successful funding round, which is the most prominent yet since the company first started… Read More »

Lamassu Unveils New Line of Bitcoin, Cryptocurrency ATMs

On September 24th, Lamassu announced the introduction of their new line of cryptocurrency ATMs to the public. Lamassu calls its new line of ATMs, “Sintra.” The ATMs herald a new line of ATMs as another crucial step in crypto’s march towards widespread consumer use and accessibility.  Growing Industry According to CoinATMrader.com, there are currently roughly 3,750 crypto ATMs… Read More »

BitPesa Sets Up Bitcoin Remittance Corridor Between Japan and Africa

SBI Remit and BitPesa are collaborating to enable easy money transfer services between Japan and several African countries. The partnership sees the Bitcoin blockchain’s utilization as an enterprise remittance vehicle. 450K People Can Now Send Money to Africa With Bitcoin According to Forbes, the agreement sees SBI Remit being able to offer its over 450,000 customers with the… Read More »

Bitwala Promises ‘Blockchain Bank’ Operations Will Begin From November

German money-transfer-turned-Blockchain-banking startup Bitwala has confirmed its integrated fiat and cryptocurrency bank account will go live in November following a €4 million funding round. ‘Closing Gap’ Between Fiat And Crypto Banking In a press release from September 25, Bitwala, which shuttered its previous cryptocurrency debit card offering in January when Visa cut ties with issuer Wavecrest, said an… Read More »

Winklovoss’ Gemini Exchange Looks to Challenge Coinbase in the UK

Gemini, a New York-based cryptocurrency exchange owned by the Winklevoss Twins is eyeing a move to the UK. Winklevoss Twins Look to Set Up Shop in The UK According to the Financial Times, inside sources revealed that Gemini is serious about a foray into the UK market. Furthermore, reports indicate that the platform has gone ahead to hire… Read More »

Slushpool Unveils Braiins OS Allowing Bitcoin Miners ‘To Take Back Control’

Braiins Systems, the Czech operator of the first Bitcoin mining pool Slush Pool, revealed an alpha version of its Braiins OS operating system September 23, aimed at “pleasing” miners. Open Source ‘First’ Braiins, which by its own admission has not “drawn much attention to itself” while running Slush Pool, wrote in a blog post about the release it… Read More »

Stellar Surges 50 Percent in Last 7 Days

Stellar (XLM) 00 remains one of the best performers during the last 7 days. Stellar has seen an increase upwards of 20 percent for the day, and more than 50 percent for the week, now standing as the sixth largest cryptocurrency. Today Was a Good Day… Again The last few days have seen serious price action, with the… Read More »

Singapore May Become First Country to Fully Embrace Cryptocurrencies

Singapore took a step closer towards cryptocurrencies as the national financial regulators discussed their openness towards the emerging industry during the Singapore Consensus.  Singapore “Does Not Regulate Technology Itself But [Its] Purpose” It seems that the Singaporean government has a well-thought-out plan for introducing cryptocurrencies into their economy, according to TechCrunch. The Singapore Consensus 2018 welcomed thousands of… Read More »