The People’s Bank of China, the Supreme People’s Procuratorate, the Supreme People’s Court, the Ministry of Public Security (MPS), the Ministry of Industry and Information Technology (The Five Departments) will join hands to combat internet financial fraud, according to CCTV 2. PBOC is the mainland’s central bank, and currently is the largest bank of its kind in terms of asset holdings. The MPS is its national police force, comprising nearly 2 million officers. Financial innovation in China has come with a cost: darknet crime has grown more sophisticated too, from…

This weekend marks a milestone for bitcoin as 80 percent of the currency has now been mined into circulation, this means there’s only 20 percent left to mine. Satoshi Nakamoto’s protocol was one of the first to introduce digital scarcity and soon enough the digital asset will become even harder to obtain. There are only 4.2 million Bitcoins left to mine So far on January 13, 2018, 16,800,000 BTC have been mined and there’s only 20 percent left for miners to acquire. When Satoshi Nakamoto introduced the bitcoin protocol to…

Unknown hackers (or hacker) have hijacked the DNS server for BlackWallet.co, a web-based wallet application for the Stellar Lumen cryptocurrency (XLM), and has stolen over $400,000 from users’ accounts. The attack happened late Saturday afternoon (UTC timezone), January 13, when the attackers hijacked the DNS entry of the BlackWallet.co domain and redirected it to their own server. “The DNS hijack of Blackwallet injected code,” said Kevin Beaumont, a security researcher who analyzed the code before the BlackWallet team regained access over their domain and took down the site. “If you…

Right now Kraken of of big crypto exchanges is still out of service after system update annoucement. People are asking whats happening and going angry, because to be 33 hours (right now according coinmarketcap.com stats) out of the market can cause big loss in the cryptocurrency market which never stop. Current Kraken updates follow: Update We are still working to resolve the issues that we have identified and our team is working around the clock to ensure a smooth upgrade. This means it may still take several hours before we…

The “Bitcoin Bucket” costs .0011204 BTC and comes with two dips. The latest item on KFC Canada’s menu will run you .0011204 BTC… Shit, I mean, .0010082 BTC… Wait, now it’s .0011673 BTC? Anyway, it’ll cost you whatever $20 CAD worth of Bitcoin happens to be at the exact moment you buy it, plus $5 in shipping. Yes, KFC Canada is accepting Bitcoin for a limited time, and only for online orders of the the “Bitcoin Bucket,” a new menu item that can be purchased via Bitpay, a popular Bitcoin…

The Blue House, the executive office and official residence of the South Korean President, has announced that there will be no cryptocurrency trading ban in the short-term. In an official announcement, South Korean government reaffirms there will be NO TRADING BAN for #cryptocurrency market in the short term and NOTHING IS FINALIZED. A petition to fire the head of the Ministry of Justice over the #cryptocurrency trading fiasco filed. pic.twitter.com/tb5tDvIV2K — Joseph Young (@iamjosephyoung) 11. ledna 2018 No ban, all FUD The South Korean government’s official announcement came after a…

Coinbase and Overstock.com just fixed a serious glitch that allowed Overstock customers to buy any item at a tiny fraction of the listed price. Potentially more punishing, the flaw let anyone paying with bitcoin reap many times the authorized bitcoin refund amount on any canceled Overstock orders. In January 2014, Overstock.com partnered with Coinbase to let customers pay for merchandise using bitcoin, making it among the first of the largest e-commerce vendors to accept the virtual currency. On December 19, 2017, as the price of bitcoin soared to more than…

Jamie Dimon, chair of JP Morgan Chase, was once again asked about his thoughts on bitcoin. In a wide-ranging interview on FOX Business, Mr. Dimon was given a few of his notable quotes back to him, and asked to assess his present feelings. It appears he’s softened a little on the the world’s most popular cryptocurrency, bitcoin, after once referring to it as “a fraud.” Jamie Dimon Warms to Bitcoin Chairman of JP Morgan Chase, Jamie Dimon, sat down for a televised interview with FOX Business Network’s Maria Bartiromo for…

Kodak, a company that seemed dead and gone with the advent of digital photography, just saw a surge today as it announced the creation of its own cryptocurrency. The so-called KodakCoin will be the token that powers the company’s new KodakOne platform. KodakOne will allow photographers to register their images, license them and search the web for unauthorized usage. CEO Jeff Clarke explained: “For many in the tech industry, ‘Blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve long struggled to assert control over their work and how it’s…