Trump Says OK to Task Force Created to Aid with Crypto Fraud

Trump crypto fraud task force: Earlier this year, the United States government revealed that it was looking at cryptocurrencies, with a particular focus on market fraud, and that it was developing a “comprehensive” strategy around virtual currencies. Now in the second half of the year, the US government is diving even further into the crypto industry. On Wednesday, July 11th, President Donald Trump signed an executive order, giving officials the final go-ahead they needed to create a consumer fraud task force. Further, alongside targeting other areas, the new Trump task…

TenX’s Julian Hosp is Bullish About BTC Predicting a $60K Height in 2018

You gotta love the believers. TenX’s co-founder Julian Hosp is definitely bullish about market leader BTC with his prediction for the second half of 2018. At the RISE tech conference in Hong Kong the crypto wallet and card start-up founder said to CNBC: “I predicted for 2018, we’re going to see $5,000 and $60,000. So $5,000, we pretty much hit it, so let’s see if we can do the $60,000. I’m still quite confident.” The Julian Hosp Prediction It’s an interesting range-covering prediction. And while the coin has come “close”…

Stasis Launches New Euro-Backed Stablecoin Called EURS

A Malta-based company Stasis has launched a new stablecoin called EURS. EURS is backed by the Euro and should trade on a one-for-one basis. The coin has been built on the Ethereum EIP-20 standard platform and has already begun trading on London-based exchange DSX already. DSX predict the order volume to reach $500 million USD by year-end. Stablecoins: EURS and Tether Anyone familiar with Tether may scratch their beard dubiously at the EURS coin. But why? Firstly, it is important to know that a stablecoin is the name given to a coin…

Another Hack! Bancor Exchange has $23.5 M Stolen

Bancor hack: On Monday, the cryptocurrency world saw another hack. Crypto exchange Bancor — an Israel-Switzerland company — had $23.5 million worth of three different cryptocurrencies stolen. Its services include a wallet with a built-in exchange service and according to Bancor, no wallets were compromised but “a wallet used to upgrade some smart contracts was.” The breakdown of the Bancor hack looks like this: $12.5 million in Ether, $1 million in Pundi X’s NPXS token, and $10 million in Bancor’s BNT, were stolen. The exchange has managed to mitigate the damages by freezing…

Coinbase App Downloads Drop, Crypto Hype Fading Quick

The bear market for Bitcoin (BTC) and all other cryptocurrency has dragged down Coinbase, the US’s most popular cryptocurrency exchange. Prices continue to plunge moving into Q3 of 2018, and the exchange’s download ranking for its Coinbase app has suffered because of this. Dropping Hype The Coinbase app has fallen to the download level it experienced in April of last year. In December, Coinbase soared to the very top of the US finance apps, in terms of downloads, as Bitcoin (BTC) hit its all-time record high. Since then, Bitcoin has…

Phase Two of Ethereum (ETH) is Coming Soon, Says Joe Lubin

Ethereum phase two: Co-founder of Ethereum (ETH), Joseph Lubin, just made a big announcement about the world’s second largest blockchain ecosystem. He spoke at the Rise conference yesterday in Hong Kong and revealed that the first layer of the Ethereum ecosystem is now complete and phase two should be finalized sometime this year. Lubin states that phase two is where the world should see real scalability from the Ethereum ecosystem. Ethereum Phase Two Lubin told the panel discussion facilitators Erik Torenberg and Melissa Guzy: “We’re moving into a space where Ethereum…

Google Co-Founder Sergey Brin is an Ethereum Miner! WHAA??

At a Blockchain Summit in Morocco on Sunday, July 8, Google’s co-founder Sergey Brin announced that he and his son, much to everyone’s surprise, are Ethereum (ETH) miner’s. Brin is the president of Alphabet, the parent company of Google which he co-founded in 1998. Google has been notably slow to explore blockchain technology but Brin has stated that he personally finds the technology incredible stating “It’s mind-boggling…I see the future as taking these…research-y, out-there ideas and making them real.”  And it seems Ethereum is the coin of choice for the…

Victims of the Latest MyEtherWallet Hack: Hola VPN Users

It’s only been four months since the last MyEtherWallet hack, but the crypto wallet platform is at the center of yet another security breach. This time, however, the breach involves the Hola VPN. As a result, if you use Hola’s Chrome extension, MyEtherWallet has warned that you should move your funds to a new account.  MyEtherWallet Hack: What We Know Yesterday, hackers compromised the Hola VPN service for roughly five hours. In that time, the crypto wallets of Google Chrome users may have been compromised. Why? Because they had the…

Walmart’s Blockchain Project to Solve Online Delivery Complications

Walmart blockchain: Delivery is one of the most challenging aspects of online retail and Walmart is determined to solve its delivery problems with blockchain. Back on July 5th, the big box retailer headquartered in Bentonville, Arkansas was rewarded a blockchain patent that focuses on the scheduling and delivery of packages. The patent was originally filed back on January 3rd, 2017. Delivery Hub The patent talks of delivery hubs, very similar to Amazon’s lockers, which will use a public blockchain to determine available capacity and make reservations for delivery. The information…

Bitcoin “Exists Because of the Abuses” — Nobel-Winning Economist Joseph Stiglitz Speaks Out

Joseph Stiglitz: Not everyone is a fan of Bitcoin. Despite proclamations from supporters about its revolutionary technology and the “freedom” it offers its users, many are still not convinced. If you’re Bitcoin, it must not bode well for you to have a major critic in the form of Nobel-winning economist and Columbia Professor Joseph Stiglitz. Today, Stiglitz spoke with Financial News of his concern about the adoption of the unregulated financial asset which he believes elicits illegal behaviors as it has no central authority and its users can be totally anonymous. He…