CryptoNewest - Cryptocurrency news
CryptoNewest - Cryptocurrency news
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China Clamps Down on Gambling, Gets $1.5 billion Bitcoin
 
 
 
 
 
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July 15, 2018

China Clamps Down on Gambling, Gets $1.5 billion Bitcoin

Chinese authorities have been downright miffed at the events that transpired on the territory of the country in the recent past. Authorities have been able to apprehend one of the largest gambling schemes to this day involving over 600 individuals who were actively promoting the online betting den, which gained traction around the same time the 2018 FIFA World Cup was in full swing.

The authorities have managed to book six individuals who are given as the organizers of the whole sting and they also managed to add over 580 people who served as middle-men, promoters and facilitators of the trade.

The Facts

Overall, the whole affair involved a number of individuals with an [...]

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July 8, 2018

Ripple Cracks Up, Blockchain Has Its Drawbacks

Let’s be honest, the crypto market has long been abuzz in anticipation of a water-shed recognition in its history. Investors, owners, and developers, probably hackers, too!, have long been hoping that the U.S. Securities and Exchange Commission will recognize Bitcoin and Ethereum as commodities. In other words, Bitcoin and Ethereum will be subjugated to all sorts of surprising rules and regulations as stocks. They will both entail a different level of legal scrutiny, which is important for their future integration.

However, Ripple is still snapped in a state of limbo. Ripple is having to handle a slew of legal lawsuits, the third so far, that has to do with the security of the [...]

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July 1, 2018

Coinbase Is Shedding Bitcoin Owners

Bitcoin has been toying around with its pricing for a fair while now. Should you HODL to your cryptocurrencies or should you start divesting your assets? The past is not much indication, and we will have to look in the future to garner a clear answer.

What may follow now? Well, April brought back as much as 33% of the value of the cryptocurrency. Still, Bitcoin managed to tank down to $6,000 – not a too convincing metric, not by any stretch. But then again the value of Bitcoin has been like that. In 2017, it lost nearly 60% of its value. Then it peaked and plummet for another 70%. I mean, come on, Bitcoin! Can you stick to your guns for the nonce?

What drives the value [...]

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June 24, 2018

Fluzcoin – A Possible Future for Crypto

Blockchain technology is slated to transform the world in many great ways. You will notice that these changes are becoming less imaginary and more grounded in hard facts. The blockchain innovation continued to grow throughout 2017 and all indications seem to favour expansion in 2018. Blockchain has been responsible for slashing costs across a multitude of fields. And so, now that traditional trade mechanism is being changed, we ought to ask ourselves what blockchain can do for our business.

The latest arrival in the field of cryptocurrency is Fluzcoin, which aims to solve all the problems that cryptocurrencies are currently experiencing. It is, by any measure, quite the [...]

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Featured
 
China Clamps Down on Gambling, Gets $1.5 billion Bitcoin
 
Ripple Cracks Up, Blockchain Has Its Drawbacks
 
Coinbase Is Shedding Bitcoin Owners
 
Fluzcoin – A Possible Future for Crypto
 
Is Blockchain More Efficient than Central Banking?
 
Review: What Happened With Cryptos in the Past Week
 
How To E-commerce & Bitcoin
 
Billions Hacked in Cryptocurrencies in 2018