Japanese police arrests 12 people in $1.8 million fake Fiat/Bitcoin fraud!

First reported by the Japan Times last week, the alleged scam involved a Tokyo-based marketing firm executive – in his 40s – falling prey to a group of conmen who offered ¥200 million in cash for the equivalent of ¥190 million in bitcoin. The deal took place at a Tokyo hotel on July 25, 2017, through an agent representing the executive. According to the report, the accused … Continue reading Japanese police arrests 12 people in $1.8 million fake Fiat/Bitcoin fraud!

These three cryptocurrrencies are experiencing fast gains!

If you have read the news, you might note that the markets seem to be involved in a positive upwards trend. Green certainly is the colour of the day. The movements of Bitcoin, Ethereum and Ripple are most commonly noted as being the most important when it comes to looking at how the markets are behaving. This tends to be because, a lot of the time … Continue reading These three cryptocurrrencies are experiencing fast gains!

Major South Korean crypto exchange Coinone will be launched in Indonesia!

South Korea’s third largest cryptocurrency exchange, Coinone, has announced plans to launch an exchange in Indonesia, according to a press release published on its site Monday, April 16. As stated in the Coinone’s press release, the new Indonesian branch opened for pre-registration April 16, with an official launch set for June. According to Finance Magnates, the exchange will initially support six cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum … Continue reading Major South Korean crypto exchange Coinone will be launched in Indonesia!

Amazon sees Bitcoin uses case in data marketplaces!

Amazon has won a patent for a streaming data marketplace that could allow subscribers to receive real-time cryptocurrency transaction data. The patent describes a system in which individuals and organizations can put streaming data feeds up for sale, to which customers can then subscribe. It was granted to Amazon Technologies, a subsidiary of the e-commerce and cloud computing giant, on Tuesday. Adding on to that base, the filing … Continue reading Amazon sees Bitcoin uses case in data marketplaces!

Crypto investors are maintaining high predictions!

Bitcoin’s (BTC) price has gone back under $8,000, and Ethereum’s (ETH) briefly under $500, as the crypto markets experience a slight slump today, April 16. BTC’s price last week had jumped $1,000 in 30 minutes, maintaining a relatively steady upward trend across the board in the aftermath of the jump. BTC is currently trading for around $7,944, down around 5 percent over a 24 hour period to press time. ETH is also … Continue reading Crypto investors are maintaining high predictions!

Bitcoin is like the Internet in 80s!

Brian Kelly of CNBC’s Fast Money compared cryptocurrency to the “Internet in the 1980s,” emphasizing that Bitcoin (BTC) is still in its early stages in an April 13 interview on CNBC’s Trading Block.   Kelly compares Bitcoin to early Internet companies Cisco and Microsoft, equating Bitcoin with Cisco’s router and Internet protocols. However, Kelly underlines that it is incorrect to think of Bitcoin as a company or a stock: “This is an … Continue reading Bitcoin is like the Internet in 80s!

Brian Kelly supports Tim Draper’s BTC prediction!

After investment tycoon Tim Draper said earlier this week that Bitcoin (BTC) could hit $250,000 by 2022, CNBC Fast Money’s Brian Kelly has supported this prediction. In response to a question about Draper’s high prediction, Kelly responded that although “it sounds crazy,” when one considers that BTC already had a 4,000 percent return over two years, a 3,000 percent return over four years could be a “continuation of the trend … Continue reading Brian Kelly supports Tim Draper’s BTC prediction!

Security concerns with Coinsecure: Missing Bitcoins!

Coinsecure, one of the largest exchanges in India, reports Bitcoin theft. In a letter, the stock exchange CEO turns to the country’s cyber police and blames their CSO for the lack of 438,318 Bitcoins. On its own website, the stock market is already involved in contradictions, by confusing Bitcoin and Bitcoin Gold. Although the name of the stock exchange might suggest, Coinsecure does not seem … Continue reading Security concerns with Coinsecure: Missing Bitcoins!

Mayor of cash-strapped Louisiana City pitches ICO!

Joel Robideaux, the mayor-president of the Louisiana city and parish of Lafayette, urged local residents on Thursday to consider launching an initial coin offering (ICO). Lafayette parish is in dire financial straits, officials say. A presentation given by the town in March stressed that property tax revenues are insufficient and that a fund used to finance operations is running dry. The measures put forward to address the situation included raising … Continue reading Mayor of cash-strapped Louisiana City pitches ICO!

Bitcoin thief could be caned for $300K robbery in Singapore!

Two Bitcoin brokers in Singapore were reportedly assaulted and robbed of nearly $300,000 in cash during an in-person meeting with a prospective seller. According to an announcement from the Singapore Police Force Thursday, the incident happened on April 8th. Following a report to the police, a suspect was later identified and arrested, and is currently being charged with robbery. If convicted, the police force said the suspect … Continue reading Bitcoin thief could be caned for $300K robbery in Singapore!