Japan: Zaif Exchange Reports ‘Glitch’, $20 Trillion in BTC Temporarily ‘Purchased’ For 0 Yen

Japan: Zaif Exchange Reports ‘Glitch’, $20 Trillion in BTC Temporarily ‘Purchased’ For 0 Yen Japanese cryptocurrency exchange Zaif has admitted a “system glitch” allowed customers to temporarily ‘buy’ trillions of dollars worth of Bitcoin for free last week, local online journal The Asahi Shimbun reported Wednesday, Jan. 21. Zaif informed users about the glitch in a post on their site Tuesday, Jan. 20,…

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Australian University Launches Nation’s First Blockchain Course

Australian University Launches Nation’s First Blockchain Course Recognising its importance as a revolutionary technology, an Australian university has today announced the country’s first course on blockchain technology. It’s being hosted by Melbourne’s RMIT University and is scheduled to start in mid-March. Blockchain Skills in High Demand The eight-week short-course aims to address the current vacuum…

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Regional Government in Russia to Test Blockchain Payments

Regional Government in Russia to Test Blockchain Payments Vnesheconombank (VEB), the Russian state-owned development bank, has inked a deal with the regional government of Kaliningrad to pilot a new blockchain-based payment system. Last week, officials including Kaliningrad governor Anton Alkikhanov and VEB chairman Sergei Gorkov met at the Russian Investment Forum in Sochi to sign the…

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US Securities Regulator Rejects BitConnect Records Request

US Securities Regulator Rejects BitConnect Records Request The U.S. Securities and Exchange Commission (SEC) has denied a Freedom of Information Request (FOIA) on the BitConnect cryptocurrency investment scheme, citing an exemption usually applied to records tied to law enforcement. The FOIA was sent by Florida lawyer David Silver, who though the law firm Silver Miller…

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Common Crypto Scams and How To Avoid Them

Common Crypto Scams and How To Avoid Them The cryptocurrency space possesses two qualities that make it the ideal environment for scams. Firstly, there is no shortage of legitimate anecdotes about people who have enjoyed immense wealth courtesy of early digital currency investments. The proliferation of such tales provides the perfect backdrop for a “get…

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Tesla’s Cloud Hit By Crypto Mining Malware Attack

Tesla’s Cloud Hit By Crypto Mining Malware Attack Electric vehicle maker Tesla has reportedly fallen victim to a cryptocurrency mining malware attack. On Tuesday, cybersecurity software firm RedLock reported that hackers had exploited an insecure Kubernetes console, which they used to access and siphon computer processing power from Tesla’s cloud environment in order to mine cryptocurrencies. The team says…

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PayPal Exec Says ‘Very High Likelihood’ Bitcoin Will Become Popular Payment Method

PayPal Exec Says ‘Very High Likelihood’ Bitcoin Will Become Popular Payment Method PayPal’s chief financial officer, John Rainey, spoke positively of Bitcoin’s (BTC) use as a future popular option for payments during an interview with The Wall Street Journal (WSJ) published Monday, Feb. 19. In a section of the interview entitled, “Тhe crypto factor,” Rainey said that PayPal…

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Finland: Authorities Unsure How To Store 2,000 Seized Bitcoins After Treasury Guidelines

Finland: Authorities Unsure How To Store 2,000 Seized Bitcoins After Treasury Guidelines Authorities in Finland are trying to devise a means to store 2,000 bitcoinsconfiscated in 2016, following new guidelines from the Treasury published Tuesday, Feb. 20, Bloomberg reported. According to Bloomberg, citing the Treasury guidelines, the authorities are prohibited from storing the Bitcoin stash, worth roughly $22.8…

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