Posts in Category: News

The Japan Times published a report on February 28 about the increase of the number of suspected cases to money laundering via cryptocurrencies in 2018. According to this report,...

According to the announced news on February 13, 2019, IBM company stated in the annual conference of technology and business “IBM Think 2019” held in San Francisco, California that Hyundai Commercial, a subsidiary company of Hyundai in South Korea, will cooperate with IBM, one of the biggest companies in the field technology, to modernize its business through Blockchain technology.

According to reports published by the encryption news outlet 8BTC on February 11, the founder of the Chinese mining pool Poolin crypto named Zhu Fa predicted that Bitcoin price could increase up to 5 million yuan ($738,000) in the future.

A statement published by Ripple in February 2019, announced its cooperation with the universities in the U.S., China, Singapore and Brazil with the aim to develop University Blockchain Research Initiative (UBRI).

JP Morgan Chase, one of the most famous American banks, started working in the field of cryptocurrency after issuing JPM Coin. Jamie Dimon CEO of JP Morgan Chase has named Bitcoin a “fraud” in September 2017; however, he changed his mind after a while, to the extent that he introduced cryptocurrencies a risk for a business of the banks under his management. In reaction to this turnabout, Alan Silbert, an old timer bank CEO, said in a tweet: “Backpedaling is the first step in the program towards walking the path.”

Over this week, more than 150 people were able to buy pizza using the Lightning Network with Bitcoin.

According to the news published by the local news outlet Sabah, on February 12, 2019, the Turkish police arrested 24 hackers who, in the past, stole 13 million Turkish lira (equal to $2.47 million) from a Turkish cryptocurrency company.

Cryptocurrencies are a new phenomenon in today’s modern world. A phenomenon whose advent is owed to technologic and communicative developments. Without new technologies, there would have not been anything known as Blockchain and cryptocurrency.

Elon Musk, CEO of Tesla Inc. and active entrepreneur in the field technology, said on Tuesday, February 19, 2019, on the advisory firm’s ARK investment podcast that the Bitcoin cryptocurrency (BTC) is quite amazing, and that compared with paper money, cryptocurrencies are a better way of transferring value.

Central Bank of South Korea which announced it would not introduce its own cryptocurrency last week, has recently warned about national or central bank-issued digital currencies. This report was first published on February 7 in Yonhap News Agency, a local news outlet.