Cryptocurrencies lose $46 billion after South Korean bourse hack

The hack brought an abrupt end to 2 weeks of calm for the most significant virtual currency and reignited concerns about the security of gently controlled crypto exchanges. (PTI) A cryptocurrency exchange hack in South Korea jolted holders of digital possessions, sustaining a$46 billion selloff and extending this year\’s Bitcoin slump to more than HALF….

Moss junior fires up blockchain, crypto investment firm

It\’s been a wild year for digital currencies however that hasn\’t prevented Stephen Moss from setting up blockchain assets and investments firm, Decentralised Capital. Street Talk understands Moss, the boy of previous Macquarie Group stalwart Expense Moss, plans to provide nonprescription trading and property management services for high volume consumers interested in digital properties and…

Square obtains NY State cryptocurrency license

NEW YORK (Reuters) – Square Inc (SQ.N), the payments company founded by Twitter Inc (TWTR.N) CEO Jack Dorsey, has obtained a license to offer New York state residents the ability to buy and sell bitcoin through its Cash App, the company said on Monday. Jack Dorsey, CEO and co-founder of Twitter and founder and CEO…

Brisbane International is Now the World\’s First Crypto-Friendly Airport

Last January news.Bitcoin.com reported on the Brisbane Airport in Australia preparing to accept cryptocurrencies. Now today all the merchants and airport terminals accept various digital assets such as bitcoin core, dash, ethereum, and steem making it one of the friendliest cryptocurrency airports in the world. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Merchants…

TELEVISION simply cannot appear to get bitcoin

Think you know cryptocurrency? You’re probably wrong. Many people assume crypto will seamlessly replace financial institutions, eradicating big banks’ seemingly constant misconduct. Others believe crypto will be a surefire money-making solution, only to come out broke, devastated, and purporting that “cryptocurrency is a scam” for no reason other than their misunderstanding of the market. I…

Singapore Trials \’Bitcoin Banknotes\’ In New Consumer Adoption Drive

Cryptocurrency hardware wallet manufacturer Tangem has begun the first rollout of its ‘Bitcoin banknotes’ to its pioneer market of Singapore. ‘Cheap Enough To Hand Over’ Tangem, which seeks to make cash-like transactions using cryptocurrency more familiar to entry-level consumers, plans to mass produce the notes in their “millions” by the end of 2018. In Singapore,…

Bitcoin Price Watch: Currency Tanks to $7,600.

Bitcoin has lost over $600 in simply one night. The currency is now trading for just over $7,600– the most affordable it\’s been in about 35 days.This marks a severe drop over the last 2 weeks. Simply two weekends back, the currency was trading for about $9,800– the greatest it had been in four weeks….

Korea Seizes Bitcoin Worth $1.4 Million Following Supreme Court Ruling

The South Korean government is moving to confiscate 191 bitcoins seized in a child-porn cybercrime case in which the perpetrator has now been sentenced to jail and a $640,000 fine. According to Korean news agency Yonhap, the move comes after South Korea\’s Supreme Court ruled on Wednesday that cryptocurrencies can be seen as property with…

Bitcoin: Federal Budget 2018 cash ban to affect cryptocurrencies

In Tuesday’s Budget, Treasurer Scott Morrison announced a crackdown on the “black economy”, and a ban on cash payments was the centrepiece. From July 1, 2019, any business transaction over $10,000 has to be done using electronic payments. Handing over a hundred $100 notes or more will be illegal, as the government tries to flush…

Bitcoin Price Watch: Currency Pushes Beyond $8,300.

The rate of bitcoin has actually gone beyond the$8,300 mark. This is approximately $200 higher than where it stood the other day, and the currency has spiked by roughly five percent over the last 24 hours.The costs of cryptocurrencies are taking off as the week pertains to an end. Entities like Ethereum are also up,…