Coinnest Crypto Exchange CEO Arrested for Fraud and Embezzlement

Adam James · April 5, 2018 · 7:00 pm The CEO of high-profile South Korean cryptocurrency exchange Coinnest has reportedly been arrested after siphoning user funds into his own account. Fraud and Embezzlement According to a report from Maeil Business Newspaper today (via Reuters), employees of South Korea’s fifth largest cryptocurrency exchange, Coinnest, “were detained …

Foxconn to Manufacture World’s First Crypto Friendly Blockchain Phone

Sirin Labs has hired Chinese phone manufacturer Foxconn to produce the world’s first blockchain phone for the mass market, which will appear in stores in October 2018. Foxconn Group to Manufacture World’s First Blockchain Phone Foxconn Technology Group, the world’s largest electronics manufacturer for hire, with iPhones, Kindle, and PlayStation, in its portfolio, has agreed to …

Not a Month Into Beta, Lightning Applications Continue to Grow

With the advent of the long-anticipated Lightning Network (LN), crypto enthusiasts have more to look forward to than faster, cheaper transactions. Just as smart contracts brought DApps to Ethereum’s network, the Lightning Network is primed to bring a host of Lightning apps to Bitcoin. These applications, fittingly dubbed LApps, will leverage the Lightning Network to …

Vitalik Buterin Comments on Bitcoin vs Bitcoin Cash Debate

Matthew Hrones · April 4, 2018 · 3:00 am The 24 year old developer live-tweeted about a debate between Samson Mow and Roger Ver on Bitcoin and Bitcoin Cash. He also shared some of his own thoughts on BTC vs BCH, scaling, and the development of the two networks. Live-Tweeting the Debate Currently, the Deconomy …

“Cryptocurrency Is Here to Stay”

Speaking with Mad Money host Jim Cramer, NVIDIA CEO Jensen Huang recently claimed that “cryptocurrency is here to stay,” and he “doesn’t see the craze ending anytime soon.” Though it first came to fruition in 2008, bitcoin gained a solid taste of mainstream popularity in 2017 when its price began rising faster than anyone had …

Altcoins Analysis April 2, 2018

Bitcoin recovery will resuscitate and perhaps lift altcoins from the dredges. Yes, we need that positivity from Bitcoin or ETH but in the mean time, our altcoins technical analysis shows that individual fundamental events from NEO, EOS, LTC, Monero or Stellar Lumens would definitely help. To begin with, EOS would be under our radar this …

South Korea Rises, Cryptocurrencies …

The week began with news that Twitter’s ban on cryptocurrency ads was taking effect immediately, affecting an industry already taking a hit in interest worldwide. Studies are showing that internet searches are on the decline. But things are looking a little more optimistic in areas like South Korea, which seems poised for growth. Indeed, it …