Op-Ed: Crypto-Doomsday or Self-Preservation? Takeaways From BIS Central Bank Report

The “Central Bank of Central Banks” recently released a 24-page report taking a hard stance against the cryptocurrency movement and the mainstream application of the technology. The Bank for International Settlements (BIS) “fosters international monetary and financial cooperation and serves as a bank for central banks,” and presumably the recent crypto-doomsday report was carried out by […]

Polkadot Developer Robert Habermeier Wins Prestigious Thiel Fellowship

Polkadot developer Robert Habermeier has become the latest cryptocurrency developer to win a prestigious fellowship from the Thiel Foundation, which was founded by PayPal co-founder and bitcoin bull Peter Thiel. Every year, the Thiel Foundation 20 to 25 entrepreneurs under the age of 23 and awards them $100,000 over a two-year period. The foundation encourages its fellows […]

Mt. Gox Will Compensate $1 Billion in Bitcoin, But Will Not Sell Until 2019

The Mt.Gox debacle, originating from the devastating 800,000 Bitcoin hack in 2014, continues, with recent court documents showing that creditors may finally get the money and Bitcoin they deserve. Civil Rehabilitation Process Finally Begins Mt.Gox is undoubtedly the cryptocurrency exchange with the most amount of notoriety, suffering the first notable Bitcoin hack, losing over 800,000 […]

Bitcoin Magazine’s Week in Review: Fortunes and Fallacies

This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news. In Switzerland, the Bank of International Settlements is spreading some misinformation about digital currencies and blockchains; meanwhile, attorney Pamela Morgan is in the U.S. […]

Bitcoin Drops to Within 2018 Low Close to $6,000

Bitcoin fell to within touching distance of the $6,000 mark on Friday, a figure not seen since February, following improvement orders from Japan’s Financial Services Agency (FSA) to six of the country’s crypto exchanges. Bitcoin Continues to Fall The number one digital currency is seeing its value being chipped away as the integrity of the […]

Bank of England to Open Settlement System to Private Firms, Distributed Ledgers

The Bank of England remains bearish on bitcoin, but the central bank has announced plans to overhaul its settlement system to allow private payment systems, including those based on blockchains and other types of distributed ledgers, to interface with the platform. Bank of England Governor Mark Carney announced the plans in a speech delivered on […]