Author: Rick D.

Ray Dalio Joins the Crusade against Bitcoin No Comments

Bitcoin's latest critic from the world of high-finance is the founder of Bridgewater Associates, Ray Dalio. In an interview with CNBC on Tuesday, the brains behind the planet's biggest hedge fund called the leading cryptocurrency, a "bubble". His reasoning simply being that if people are buying something with the hope of selling it on for a higher price, it must be a bubble. It's a shame. It coul...


china, bitcoin

China Doesn’t Like Bitcoin, Shouldn’t Be a Problem No Comments

You'd have to have been living under a rock recently to have not noticed that the whole crypto world is abuzz about China, and their pending regulation. There's been a whole lot of fear and uncertainty spread with claims ranging from the highly optimistic -- any ban will be temporary, and affect initial coin offerings and exchanges only -- to the fatalistic -- the Chinese state is moving towards a...


bitcoin hacking. hackers, Hacker illustration. Newsbtc Bitcoin news

Swiss Regulator, FINMA Cracks down on Scam “Not-So-Cryptocurrency” No Comments

The Swiss Financial Market Supervisory Authority (FINMA) has recently taken action against the perpetrators of a crypto-scam. The firms in question were distributing a fake cryptocurrency and acting without proper licensing. A dozen other possible fraud cases are under scrutiny from the watchdog too. In a statement earlier today, FINMA announced that they have taken action against the QUID PRO ...


dogecoin price can the buyers make it. newsbtc dogecoin news

More Crypto-Criticism, This Time from Dogecoin’s Creator. No Comments

The latest in the slew of crypto critics is Jackson Palmer, the creator of Dogecoin. Palmer claims that thanks to the proliferation of scam ICOs, a similar fate might be lurking in wait for the rest of crypto as that which caused him to leave his pet-project in 2015. For those who don’t know what Dogecoin is, it was released in 2013 as a way for Palmer to satirise the hype surround Bitcoin an...


Europol Report Says Bitcoin is Common Currency for Cybercriminals. newsbtc bitcoin news

Are Cybercriminals Using Your Computer to Mine Crypto? No Comments

Security vendor ESET reports of a new technique cybercriminals are utilising to generate funds. By purchasing traffic from an advertising network, they're able to distribute malvertising (malicious ads) that utilise many victims' computers to mine crptocurrency. By combining JavaScript and cryptocurrency mining, those perpetrating such attacks are able to operate without actually hacking any ma...


China, Driving the Bitcoin Wagon with BitMEX and Others. newsbtc bitcoin news, okcoin, huobi

OKCoin Suspends Domestic Trading, Receives Extension to Operate for Another Month alongside Huobi No Comments

Chinese news reports that two of the country’s largest exchanges have been given an extra month to operate domestically. It appears OKCoin and Huobi will be allowed to continue offering services until October 31, 2017. This corresponded with an instant upswing in crypto markets with Bitcoin alone gaining $400 in just minutes. However, there is yet to be an official announcement from Beijing conf...


india, reserve bank of india

The Reserve Bank of India Makes Plans For “Fiat Crypto” No Comments

The Reserve Bank of India have made public their exploration of a "fiat cryptocurrency". Speaking at a fintech event by KPMG, RBI executive director Sudrashan Sen said: Right now, we have a group of people who are looking at fiat cryptocurrencies. Something that is an alternative to the Indian rupee, so to speak. We are looking at that closer. Intended to be used in the place of rupees, the cen...


bitcoin, bitcoin price

JPMorgan’s Jamie Dimon Slams Bitcoin As “Fraud” No Comments

Speaking at an investor conference in New York on Tuesday, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon blasted Bitcoin in a series on damning statements. Calling the cryptocurrency a “fraud” that’s “worse than tulip bulbs”, he went on to say he’d fire any employee trading Bitcoin “in a second”. He gave the following concise reasons: “It’s against our rules” a...


Swift, North Korea, cryptocurrency, hacking, bitcoin

Could North Korea Be Harbouring an Army of Crypto-Hackers? No Comments

Strong evidence is emerging that an elite team of hackers operating out of Pyongyang are stealing Bitcoin. It’s thought that the totalitarian nation is hoping to negate the effect of recent global trade embargos levied against them. As the UN sanctions tighten around the rogue state, it seems North Korea is turning to cybercrime to keep their economy buoyant. The restrictions which followed t...


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