Price of Bitcoin Plunges Further to $7,500

In just the past week, the global market cap of all cryptocurrencies has fallen close to US$70 billion. In that same period, Bitcoin (BTC) has fallen 20% from a local high of US$9,000 to its current price of $7,500. Despite a number of bullish sentiments and news recently, the price of Bitcoin and cryptocurrencies across … Read more

Chilean Exchanges Demand ABIF Clarify Its Stance on Cryptocurrency Regulation

The regulatory situation surrounding cryptocurrency is creating a lot of confusion. Very few countries have any active guidelines in this regard, although it seems that will come to change rather soon. Chile’s Association of Banks and Financial Institutions has been asked to take a definitive stance on this particular industry once and for all. How that will … Read more

Statistics Show Nearly 81% of ICOs Eventually Become Scams

Initial coin offerings are often considered to be the holy grail for blockchain projects. This business model allows anyone with an innovative idea to potentially raise millions of dollars. Unfortunately, the overall ICO statistics are anything but impressive in this industry right now. The ICO Industry is Still Troubled While most people will readily agree … Read more

Russian Hotels to Surprise World Cup Fans with Bitcoin Payments

Football Fans will be able to pay with bitcoin for their accommodation when they visit Russia for this year’s World Cup. Hotels in Kaliningrad, expecting guests from eight countries, are partnering with a local payment provider to offer the service. Booking a room for the day when England plays Belgium will cost approx. $300 in … Read more

Carverr Wants to Embed Bitcoin Private Keys into Strands of DNA

Cryptocurrency enthusiasts are always looking for ways to secure their holdings. While hardware wallets have begun to gain traction in recent years, it seems the next logical evolution may not require external hardware. A company called Carverr is looking into ways to store and back up Bitcoin wallet keys in one’s DNA. Using DNA To Keep Bitcoins … Read more

Bitcoin Mining Training Coming to 30 Cities in India

An Indian chamber of commerce is launching a bitcoin mining training program in 30 cities across India. The goal is to teach young people about bitcoin, cryptocurrencies, blockchain technology, crypto mining, and entrepreneurship to empower the rural population for self-employment. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bitcoin Mining Training Program … Read more

US Company Wants to Track the Gold Supply Chain Using Blockchain Technology

Coming up with more use cases for blockchain technology is not necessarily difficult, although not every use case requires a distributed ledger either. For quite some time now, we have seen interesting synergy between the blockchain and precious metals industries. Emergent Technology Holdings wants to encode the gold supply using blockchain technology later this year. That’s a … Read more