Bitcoin 

Argentina’s Central Bank to Increase Peso Supply by 5% in 2 Months

The Committee of Monetary Policy (COPOM) of Argentina’s Central Bank (BCRA) announced the intention to increase the monetary base by 2.5% per month for the next two months on Sept. 18. “To ensure monetary and financial stability” Per the announcement, the move is meant to ensure monetary and financial stability. The bank notes that it believes that the inflation of the Argentine peso caused by depreciation suggests a reduction in real monetary supply. The new exchange rate also lets observers project a real demand for sustained money, as the bank…

Read More
Cryptocurrency 

NetCents Doubles Partnership Agreements in Six Months

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) announced Wednesday that it is accelerating its pace for market adoption and integration through the sign on of its 40th partnership agreement. Doubling its number of partnerships in just over six months reflects NetCent’s aggressive trajectory to accelerate its partner growth and keep pace with merchant adoption of cryptocurrency. It also demonstrates the increased willingness of merchants to adopt traditional payment alternatives by incorporating NetCent’s payment solution in-store, online, and within their POS systems. “This accelerated partner growth continues to validate our business model and the…

Read More
Blockchain 

Stanford Grads’ Crypto Network Hits Half a Million Users in 6 Months

A smartphone-focused cryptocurrency network created by a group of Stanford graduates has amassed over half a million users. The Stanford Daily reported on Sept. 16 that the project — dubbed the Pi Network — has consolidated its user base in under six months since its launch in March of this year. “Social security circles” The Pi Network was launched by a team of four: an anthropologist, two computer scientists and a business major (Chengdiao Fan Ph.D. ’14, Nicolas Kokkalis Ph.D. ’13, visiting student researcher Aurélien Schiltz and Vince McPhilip M.B.A.…

Read More
Bitcoin 

19-Year-Old Sentenced to 20 Months for Selling Stolen Data for BTC

Elliot Gunton, aged 19 and of Mounteney Close in Norwich, pleaded guilty to supplying online personal data and hacking services for cryptocurrency. A hacker for hire A press release published on Aug. 16 by the Norfolk police reports that the man was sentenced to 20 months in prison and ordered to pay back more than £400,000 (over $485,000) by the Norwich Crown court. Per the report, the police seized his laptop in April last year after finding the software which allowed him to commit cybercrimes. The discovery was reportedly made…

Read More
Blockchain 

Binance to Resume US Operations Within Two Months, Predicts CEO CZ

Changpeng Zhao, CEO of major cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within the next two months. Navigating U.S. regulation Zhao, also known as CZ within the crypto community, made his prediction in an interview with online news outlet Cheddar published Aug. 15. When asked about Binance’s return to operations in the U.S., Zhao said:  “I don’t want to promise any fixed dates, but there’s a lot of work being done and there’s a lot of things going on in flux, but…

Read More
Blockchain 

Shenzhen Issued 6 Million Blockchain Invoices in 12 Months

Major Chinese city Shenzhen has issued nearly six million blockchain-based invoices in a year since their inception in Aug. 2018. Shenzhen processed around $550 million through blockchain invoices in a year According to a report by state news agency Xinhua on Aug. 6, more than 5,300 local companies in 113 sectors have joined Guangzhou’s blockchain invoice program so far. As reported by Shenzhen Municipal Taxation Bureau, the average daily issuance of the invoice is estimated to account for 44,000, while the total value of the invoices has amounted to 3.9…

Read More
Bitcoin 

Bitcoin Price Correlation With Gold Nearly Doubled in Past 3 Months

The correlation between digital and physical gold has almost doubled in the past three months, fresh data from Bloomberg revealed on August 7. The statistics reveal that while the correlation between Bitcoin (BTC) and gold over the past year was at 0.496, in the past three months this has almost doubled to hit 0.837 — where a coefficient of +1 indicates perfect correlation, and -1 complete non-correlation. 58% lockstep since May Bloomberg notes that over the past year, the correlation between the assets has been random: with the two assets…

Read More
Ethereum 

Co-Founder of Now-Defunct BitFunder Gets 14 Months Imprisonment

The operator of now-defunct Bitcoin (BTC) exchange BitFunder, Jon Montroll, has received a 14 months prison sentence following federal charges of obstruction of justice and securities fraud, finance and trading industry news outlet FinanceFeeds reported on July 12. The proceedings against Montroll began last year. In July 2018, Montroll pleaded guilty to obstruction of justice, admitting that he provided false balance statements to the United States Securities and Exchange Commission in an investigation of the fake 6,000 BTC BitFunder hack in 2013. The proceedings against Montroll ended on July 11,…

Read More
Blockchain 

Next Month’s Halving Will Be a ‘Shock’ to Litecoin Mining

Litecoin (LTC) creator Charlie Lee has predicted that miners may shut up shop after the coin’s upcoming halving this summer.  In an interview with Australian crypto news site Mickey on July 10, Lee reflected on the possible implications for litecoin’s mining ecosystem when the planned halving kicks in and current block rewards on the network are reduced by 50%. “It’s always kind of a shock to the system,” he said, explaining:  “When the mining rewards get cut in half, some miners will not be profitable and they will shut off…

Read More
Bitcoin 

Federal Judge Sentences Cryptocurrency Scammer to 86 Months in Prison

A scammer has been sentenced to 86 months in prison for running a cryptocurrency-related scheme, the United States Department of Justice (DoJ) reports on July 1 In addition to the 86-month prison sentence, United States District Judge Sandra J. Feuerstein ordered 44-year old New Jersey resident Blake Kantor to pay a total restitution of $806,405 distributed to the victims who invested in his scam, as well as forfeiture of $1.5 million, and forfeiture of $153,000 of stolen proceeds. The scam itself was run through the company Blue Bit Banc (BBB)…

Read More