Cardano Founder Charles Hoskinson Unveils New Smart Contract Tools

IOHK, a leading blockchain research and development firm, announced two tools developed by a world-leading team for writing smart contracts for the Cardano blockchain. The apps are called Plutus and Marlowe and were launched in test format at the first PlutusFest conference in Edinburgh, Scotland. These powerful tools will enable start-ups, the financial services and …

UAE and Saudi Arabian Central Banks to Jointly Launch Cryptocurrency

It’s confirmed. The United Arab Emirates (UAE) and Saudi Arabia will work on cross-border digital currency. The exact date when it would be issued is still unknown but we know one thing, the digital currency is not targeted at consumers. It’s strictly for banks. Arabian news outlet Gulf News reports that the central bank of …

Bitcoin Sextortion Scheme Seduces Victims into Installing Ransomware

A sextortion scam that doubles its chances of success by planting ransomware on the computing device of its target victims has emerged, and as is often the case the attackers want to be paid in bitcoin. According to researchers at cybersecurity firm Proofpoint, the sextortion campaign, which is mostly targeting residents of the United States, …

Poloniex Extends Fee-Free USDC Trading

As we previously reported, Circle’s Poloniex participation in the stablecoin wars is evident in their decision to not charge fees on use of USDC on their platform. For the month of November, trades in USDC were not charged any fees at all. According to an e-mail blast from Poloniex, this amounted to more than $500,000 …

UK Parliament Member Wants You to Pay Your Taxes with Bitcoin

A member of the British Parliament wants UK residents to be able to pay their local taxes and utility bills using bitcoin. Eddie Hughes, a conservative MP (member of Parliament) for the Walsall North constituency, said this would be a great first step toward mainstream adoption of crypto. Hughes said it’s time for other members …

PBoC Deputy Governor Warns Against STOs in China

Security token offerings (STO) – essentially initial coin offerings which are backed by tangibles such as a company’s revenues, profits or assets – are now officially banned in China. This emerged after the People’s Bank of China (PBoC) deputy governor, Pan Gongsheng, warned those issuing STOs that they were violating the law. “The STO business …

Why Billionaire Investors Remain Positive on Long-Term Trend of Crypto

Mike Novogratz, Jim Breyer, and Tim Draper are some of many billionaire investors in the traditional financial market who remain optimistic towards the long-term trend of crypto. How are these investors able to maintain their positive stance in regards to the growth of the cryptocurrency sector following an 85 percent decline in valuation across the …

Crypto Exchange Gemini Lists Bitcoin Cash with NYDFS Approval

Crypto exchange Gemini has announced that it now supports trading and custody activities for Bitcoin Cash (BCH), effective this weekend, with full trading slated to begin on Monday. With the announcement, the exchange platform founded  by bitcoin billionaire twins Cameron and Tyler Winklevoss now supports five cryptocurrencies, namely Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Zcash …

Crypto Hardware Wallet Trezor Adds Native Ethereum Support

The Trezor Wallet development team has announced that the device’s beta firmware now offers native support for Ethereum, Ethereum Classic, and ERC20 tokens. In an announcement on the Trezor blog, the crypto hardware wallet manufacturer stated that existing third-party integrations such as MyEtherWallet, MyCrypto, and MetaMask, which currently enable Trezor to support these tokens, would …

Bitcoin is a ‘Dead Man Walking’, Claims Creative Planning CIO

Bitcoin is a “dead man walking” whose price will eventually plunge to zero. That’s the dire prediction of Peter Mallouk, the president and chief investment officer of Creative Planning Inc., a Kansas investment firm that manages $32 billion in assets. The avowed bitcoin skeptic said BTC bulls are delusional saps who don’t realize that their …