Russia to Legalize Buying Bitcoin, Though Mining Could be a Different Story

bitcoins stacked on russian flag

Russia has confirmed that buying cryptocurrencies will be legal in the country. Russian authorities are working on legislation to cover all aspects of the crypto space, including ICOs, currency trading and mining. Vladimir Putin has instructed legislators to have everything ready by summer of next year. The situation is complicated as the industry is so new, and changing so quickly,…

Read More

CryptoKitties Clog Ethereum’s Network, Create Headaches for All Involved

man at laptop with a headache

An army of digital furballs have laid siege to ethereum’s blockchain in the form of the game CryptoKitties.  The feline frenzy is the brainchild of Axion Zen, a Canadian creative venture firm. Built on ethereum’s blockchain, the gaming platform is the first of its kind.  Kittens are displayed on the game’s online marketplace like a digitized menagerie, and players can choose…

Read More

Hackers Steal $70 Million From NiceHash Mining Pool

hooded hacker

Hackers have compromised cryptocurrency mining platform NiceHash and cleared out users’ bitcoin balances. NiceHash’s marketing head Andrej P. Škraba confirmed to Reuters that around 4,700 bitcoin had been taken, worth more than $70 million at current prices. Initially NiceHash claimed that their site was undergoing maintenance but once users started reporting on Reddit that their funds had been transferred to…

Read More

Steam Stops Accepting Bitcoin, High Fees, Price Swings to Blame

broken bitcoin

The popular video game marketplace Steam will stop accepting bitcoin as a form of payment on their purchasing platform. On the morning of December 6th, the company announced the news on its website’s public forum, stating the change will be effective immediately. Steam first began accepting bitcoin back in 2016 as the cryptocurrency began its rise to public prominence.  Steam Says…

Read More

Revolut Brings Cryptocurrency Trading to Mobile Banking

hand holding phone with dollars and bitcoin coming out of it

Fintech startup Revolut have announced that users of its popular mobile banking app will be able to trade bitcoin, ether and litecoin from Thursday this week. They already offered fee free transfers between 25 world fiat currencies but according to CEO Nikolay Storonsky, “cryptocurrency exposure has consistently been the number one requested feature from our customers”. Still Tricky to Buy…

Read More

Monero Hits Record Highs, and Now You Can Use it To Buy Mariah Carey Songs

monero logo on smartphone

Monero has hit $290, smashing its previous $210 high. Best known as perhaps the most privacy-focused of the cryptocurrencies, recent news events have increased public awareness and demand. Though part of its price increase is surely down to the media coverage of bitcoin educating the public about cryptocurrencies in general, it has started to get attention on its own. Libertarian…

Read More

Philippines Sets Stage for ICO Regulations

businessman touching ico icon on screen

The Philippines has set its regulatory sight on ICOs, a December 4th Bloomberg report revealed. As Initial Coin Offerings have become more popular, top government officials have called for regulation of the industry. Nestor Espenilla, governor of the Bangko Sentral ng Pilipinas (BSP), believes that the “strong growth potential” of ICOs necessitates this oversight. The Securities and Exchanges Commission will…

Read More

Blockstack ICO Attracts Institutional Investors, Raises $50 Million

bitcoin stacking up on a laptop

Blockstack closed their initial coin offering on December 1st, selling a total of 440 million coins that racked up an impressive $50 million in revenue.  The ICO launched back on the 16th of November and included no presale. Presale or not, the ICO still saw plenty of attention from big name players.  A healthy mix of venture capital firms and…

Read More