• Altcoins

    Coincheck Cryptocurrency Traders to Receive $230 Million Additional NEM

    The most recent news update on the Coincheck heist is better than expected for the 260,000 traders who lost money in the theft. The Japanese cryptocurrency exchange has promised to reimburse its customers $260 million more than the current market value of the stolen coins. Coincheck Customers Get $230...

    Joseph Young | March 9, 2018 | 4:00 am
  • Altcoins

    One South Korea’s Largest Banks Trials Ripple, Hints Full Integration in 2018

    Chosun, South Korea’s largest business-focused mainstream media outlet, reported that one the country’s largest banks Woori trialed Ripple payments for remittances. Ripple Trials Woori’s digital strategy department successfully processed payments on the Ripple blockchain network and according to the company, Woori might be able to process large-scale remittance...

    Joseph Young | March 2, 2018 | 9:25 am
  • Bitcoin

    Major Cryptocurrency Exchanges Halve Bitcoin Withdrawal Fees Due to SegWit

    Some of the largest cryptocurrency exchanges in the global market including Binance and Kraken have halved bitcoin withdrawal fees due to the rising adoption of scaling solution and transaction malleability fix Segregated Witness (SegWit). SegWit Adoption Last week, Coinbase, a major bitcoin brokerage and wallet platform with over...

    Joseph Young | March 2, 2018 | 8:53 am
  • BTC

    Bitcoin Marketplace Paxful Builds School For Students in Rwanda

    Paxful, the peer-to-peer bitcoin marketplace that enables its users to purchase and sell bitcoin instantly, has funded the construction of a school for young students in Rwanda. Located in Kasebigege Village in the Bugesera District of Rwanda, Paxful’s bitcoin-funded school will serve children aged from 3 to 6...

    Joseph Young | February 14, 2018 | 7:25 am
  • BTX

    Cryptocurrencies are Necessary For Blockchains to Operate

    Kim Dong-yeon, the Finance Minister of South Korea, firmly stated that cryptocurrencies as incentive systems are necessary for public blockchain networks to operate. “Blockchain technology can disrupt and revolutionize the world. But, for open-source blockchain networks, cryptocurrencies are necessary as incentives for individuals to participate in the network.”...

    Joseph Young | February 4, 2018 | 9:09 am
  • BTC3

    Samsung is Manufacturing ASIC Chips For Bitcoin Mining

    Samsung, the largest company in South Korea which is accountable for a large portion of the country’s economy, has started the production phase of bitcoin and cryptocurrency mining equipment and ASIC mining chips. Local media outlets reported that Samsung partnered with a Chinese bitcoin mining equipment manufacturer last...

    Joseph Young | January 30, 2018 | 12:24 pm
  • Neurogress

    Neurogress Enables Anyone to Take Control of Devices With Thoughts

    Through the utilization of artificial intelligence (AI) and blockchain technology, the development team behind Neurogress has created a system with which anyone can take control of devices simply with thoughts. By enabling an Internet of Things (IoT) network using a decentralized blockchain network, Neurogress allows users to access...

    Joseph Young | January 25, 2018 | 1:48 pm
  • Bitcoin Fork

    South Korea is Rapidly Moving to Regulate and Foster Crypto Market

    The South Korean government has started to focus on fostering and regulating the local cryptocurrency market to protect investors and ensure businesses have robust infrastructure to secure sensitive information. Major Banks Supporting Cryptocurrency Exchanges Earlier this month, several officials in the South Korea Finance Ministry told local investors...

    Joseph Young | January 24, 2018 | 6:34 pm

    Six Major SKR Banks to Support Crypto Exchanges, Price Surge Imminent?

    Six major South Korean banks including Shinhan Bank, the second largest bank in the country, will officially begin providing local cryptocurrency exchanges with virtual bank accounts. Virtual Accounts Restarted, Traders Relieved On South Korean cryptocurrency exchanges, each trader or investor is provided with a virtual bank account which...

    Joseph Young | January 23, 2018 | 8:51 am

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