Norwegian Man Brutally Murdered Following In-Person Bitcoin Trade

A Norwegian man was brutally stabbed to death shortly after completing an in-person cash-for-bitcoin exchange, and investigators believe that the two events may be linked. According to Norwegian news organization TV 2, the stabbing occurred on Monday morning at the 24-year-old victim’s apartment in Majorstuen, an affluent neighborhood in Oslo, likely between 7:50 am and …

‘Yes, You’ Need a Bitcoin Hardware Wallet: Ledger Reveals 1.3 Million Units Sold

Cryptocurrency hardware wallet manufacturer Ledger has sold over 1.3 million units as of this month, the company revealed in a blog post October 10. Wallet Manufacturers Target The Millions Discussing whether or not cryptocurrency investors “need” hardware wallets, CEO Eric Larchevêque disclosed the figure, which potentially makes Ledger the biggest-selling hardware wallet on the market. …

Ethereum Foundation Issues $3 Million in New Grants

The Ethereum Foundation has awarded a total of $2.86 million to 20 different projects in Wave IV of its Grant Program. Announced at the beginning of 2018, the foundation began the new year with a resolution to fund promising projects that develop on Ethereum. Since the program’s launch, the foundation has committed over $14 million …

BitPay-Pal? BitPay Introduces Settlement in USD-Pegged Stablecoins

BitPay, purportedly the largest blockchain payments provider, will allow merchants to accept settlements in USD-pegged stablecoins. Gemini Dollar and USD Coin Get the Green Light The leading blockchain payments provider BitPay announced that it will allow merchants to receive settlement in USD-backed stablecoins, namely the Gemini Dollar (GUSD) and Circle’s USD Coin (USDC). Up until …

Soaring Inflation Sends Bitcoin Trading Volume to New High in Venezuela

The amount of Venezuelan bolivars being spent to purchase bitcoin has risen to record levels as the South American country experiences unprecedented hyperinflation and a worsening economic crisis. Per Coin Dance, bitcoins worth nearly 900 million bolivars have been traded so far this week in Venezuela, and this is already higher than last’s week volume …

Bitfinex Premium on Bitcoin Hit $1,000 Today, Can It Affect the SEC’s Decision?

Bitfinex’s $1,000 premium on Bitcoin, which sent its price shooting upwards of $7,500, and Tether’s 6% drop on Monday, has created a lot of commotion in the crypto-sphere. The currency’s wild price swing, which was observed only on Tether-enabled cryptocurrency exchanges, has left cryptocurrency supporters speculating about the implications of this non-uniform price movement. The …

Singapore-based Blockchain Consortium Buys Majority Share in Bithumb

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet. BK Global Consortium is a blockchain investment firm under BK Global, a Singapore plastic surgery medical group owned by Kim Byung-Gun. The Consortium had …

AARP Tells Retirees that Bitcoin is Mainly Used by ‘Bunch of Criminals’

The American Association of Retired Persons (AARP) has ascribed a bizarre definition to bitcoin in a caustically worded article on its website published on Wednesday, Oct. 10. In the slideshow post titled “Improve Your Financial Literacy With This Glossary,” a heavy dose of contempt is specifically reserved for the description of bitcoin and blockchain in …

Christie’s Auction House Leads Art World in Blockchain Tech

Christie’s recently announced the introduction of a system for recording art transactions on blockchain. The decision is just the latest example of how the tech is catching on inside of the art world. Leading auction house Christie’s announced a new system utilizing blockchain to encrypt the registration of art transactions for a November sale. The company …