Japan’s GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips

Japanese internet giant GMO has updated its plans to manufacture and sell its 7nm bitcoin mining chips as well as for its own mining operations. Interested customers will soon be able to reserve some of these chips. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space GMO Readies 7nm Mining Chips Japanese conglomerate GMO Internet … Read more

Investigation of South Korea’s Largest Crypto Exchange Upbit Continues

Since the South Korean prosecution started investigating Upbit, the country’s largest cryptocurrency exchange, more events have unfolded. While local media still discuss allegations and raise questions about Upbit’s business practice, some people believe that Upbit is already in the clear. The investigation continues. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space The Allegations Local … Read more

EU Adopts Rules to Reduce Anonymity for Crypto Users

A directive affecting the crypto sector in Europe has been adopted by the EU Council. The document updates the anti-money laundering legislation of the European Union to address, among other issues, “the risks linked to virtual currencies.” The new rules aim to reduce anonymity for both users and transactions with requirements for know-your-customer procedures that … Read more

US Court Indicts Founders of Crypto Company for Fraudulent Scheme

A US federal court has indicted three founders of a company purported to offer cryptocurrency-related financial products and have raised $25 million in an initial coin offering. In addition to claiming to have licenses in 38 states, the company also claimed partnerships with Bancorp, Visa, and Mastercard to issue its own cards. Also read: Yahoo! Japan … Read more

Russia Prepares for Large-Scale Bitcoin Mining Operation Following Minery Launch

With digital currency gaining in popularity worldwide, additional mining operations and farms have started to appear despite looming bans on the practice. Understanding The Ban While many see bans on crypto mining as a hindrance to entrepreneurship and the crypto space, in actuality, it’s an effort to protect and enhance cities, states, and countries’ natural, historic, cultural, … Read more

Potentially Malicious Bytecoin Miner Removed from the Ubuntu Snap Store

Malicious cryptocurrency mining tools can be found on any operating system these days. Although mobile devices and Windows are the primary targets in this regard, it seems Ubuntu users aren’t safe either. The Ubuntu Snap Store contained a cryptocurrency miner disguised as 2048buntu. Ubuntu Cryptocurrency Miner is a Problem While most people would assume cryptocurrency … Read more

HSBC Deems Blockchain Infrastructure for Trade Finance Commercially Viable

Blockchain technology can be a viable tool when put in the right hands. HSBC is one of the many banks exploring the boundaries of this innovative technology. The company recently conducted and completed its first trade finance deal using a distributed ledger. It’s a very positive development for the blockchain industry, as global adoption seems imminent. … Read more

John McAfee Claims Bitcoin Private Will Eventually Replace Monero

The cryptocurrency world is home to many charismatic individuals. A lot of people value those individuals’ opinions more than anything else. John McAfee is quickly making a name for himself in the cryptocurrency industry. One of his most recent comments will irk a lot of people, though. Calling Bitcoin Private superior to Monero is a … Read more