Coincheck Removes Monero, Dash, and Zcash Due to “Risks”

More interesting developments are happening in the world of cryptocurrency. Coincheck has made a lot of major headlines in the past few months. The company was recently hacked and is now dropping support for anonymity-oriented currencies altogether. It’s a rather surprising development, although one that is easily justified. More Coincheck Developments The main reason people are … Read more

Venezuela Wants to Boost Cryptocurrency Mining Activity

Venezuela is a very peculiar country for many reasons. Ever since the Petro was issued, people have been wondering how it would affect actual cryptocurrencies in the country. It now seems the government has launched a crypto mining program meant to attract up to 1 million people. It’s a rather intriguing development, especially because this has seemingly nothing to … Read more

G20 Watchdog Says Cryptos Not a Risk, Resists Calls for New Rules

The Financial Stability Board, G20’s global watchdog, does not consider cryptocurrencies a risk to financial stability. In a letter to the Group of 20 central bankers and finance ministers, its Chair Mark Carney said FSB was pivoting away from designing new policies and focusing on reviewing existing rules. His comments suggest there is no G20 … Read more

Coincheck Drops Anonymous Monero, Dash, Zcash

Coincheck, the Japanese exchange that lost ~$550 million worth of NEM to hackers, will stop dealing with Monero, Dash and Zcash. The trading platform has recognized the risk posed by these cryptocurrencies which provide high levels of anonymity. Half of the NEM coins stolen in the hack may have been converted already on the darknet, … Read more

Video-Game Blockchain, Proves Valuable In FinTech sector

From fintech to the internet of things, startups and entrepreneurs are all working on projects in which blockchain can fit into existing industries. With an endless number of possibilities, blockchain technology can revolutionize the gaming industry. An over $100 billion industry, the digital nature of video games makes it the perfect use case for blockchain … Read more

New York Is The First In U.S. To Ban Crypto-Mining After Operations Deplete 10 Percent Of Town’s Electricity

In a town where electricity comes cheap, and electricity flows quickly, cryptocurrency miners have flocked to its source off the St. Lawrence River, taking full advantage of its currents, depleting the town of almost 10% of its electricity. Did you know mining for cryptocurrency requires a butt-load of electricity? In a small town like Plattsburgh, … Read more