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Russian Church Docked $15,000 for Illegal Bitcoin Mining

A local utility company in Russia ordered a church to pay higher electricity rates, in line with Russia’s existing legislation. Church Forced to Pay Higher Electricity Tariff An Evangelical Church in Irkutsk, Russia, which carried out illegal Bitcoin mining, has been...

Major Korean Financial Holding Company Wins Blockchain Patent for Improved Fintech Security

Leading South Korean financial holding company KB Financial Group Inc. has been awarded a patent for a blockchain-based fintech app security solution, South Korean economic news outlets The Digital Times reports Monday, Oct. 15. KB Financial is reported to have over...

Barclays Bank is Shutdown all Crypto Related Projects

With Goldman Sach recently announcing that it doesn’t have future plans for crypto trading and has changed its tune concerning setting up a crypto trading desk, another major banking institution, Barclays has announced plans to abandon its crypto projects and has zero...

Oklahoma Officials Arrest 2 Men Suspected of Masterminding a $14-Million SIM Swap Cryptocurrency Heist

Cryptocurrency-related crimes are closely resembling those drawn out of a James Bond movie script. In late September, Oklahoma officials arrested two men, 21-year-old Joseph Harris and 23-year-old Fletcher Robert Childers, for allegedly stealing around $14 million...

IMF Says Bitcoin’s Growth Will Have an Impact on the Global Financial System

The International Monetary Fund (IMF) released their quarterly report that focuses on Bitcoin and cryptocurrencies. The IMF states that the rapid growth of bitcoin and other cryptos can certainly influence the international financial system. However, the report added...

Exposed: Bitcoin Scam Used New Zealand’s Prime Minister as an Endorsement

New Zealand’s Prime Minister, Jacinda Ardern, is the latest high-profile individual to be used in perpetuating a cryptocurrency scam. According to the Prime Minister’s office, various ads bearing her image have appeared on social media network Facebook with the...

Active Customers Drop by 80% on Coinbase, Suggests New Study

When a large number of customers HODL cryptocurrencies, they pose problems for crypto exchanges, which thrive on high trading volumes. Even the bigwigs in the crypto exchange industry are not immune to this risk. Coinbase in the US is going through the same trouble....

Top Universities Are Now Investing in Cryptocurrency Funds

Several top Universities are starting to invest in virtual currencies. Educational Institutions in the United States decided to place funds on digital assets such as Bitcoin. The Information reported on this phenomenon just a few days ago, showing that there is real...

Research: Bitcoin as Stable as “Dollar and Oil”, Cites Cubic Law

New research published in a respected Journal of Nonlinear Science, suggests that cryptocurrencies could soon be as reliable as fiat currency. Chaos has released a research report titled “Bitcoin market route to maturity?” which maintains that due to the maturing of...

Paying With Bitcoin: How It Tackles the Double Spend Conundrum and Why Crypto Is Smarter Than Paper Money

Coin selection is the process that describes how the algorithms driving Bitcoin choose which of your Bitcoins to spend when you approve a spending transaction. If you have 1.2 BTC in your wallet and you pay out 0.3, you have 0.9 BTC left, right? Well, yes. But it...

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