Binance Profits Rival Nasdaq But With Only 4% of the Staff

Cryptocurrency exchange Binance continued to wow cryptocurrency commentators as data shows the platform made almost as much profit as Nasdaq in Q1 2018. 8 Months, $200 Million A comparison uploaded to Twitter by Danhua Capital managing Director Dovey Wan August 30 shows that for that period, Binance pulled in $200 million against Nasdaq’s $209 million. …

Bitcoin Hashrate Hits New Record With 50% Gain in August

What bear market? The bitcoin hashrate has broken another record high this week as the world’s most popular cryptocurrency network gets stronger with each day.  Bitcoin Hash Rate Hits 62 Quintillion The Bitcoin hashrate, or the computing power of the Bitcoin network, has broken yet another all-time high of 62 quintillion hashes per second. This marks a …

Oxfam to Empower Cambodian Rice Farmers With Blockchain

Oxfam has launched a pilot project in Cambodia to help rice farmers getting paid their fair share using blockchain technology. Blockchain for Livelihoods from Organic Cambodian Rice, or Blocrice, will analyze and test how 50 farmers can be empowered by having up-to-date information and value distribution in their supply chain. Oxfam Blockchain Project May Disrupt Cambodia’s …

Reddit Co-Founder Bullish Despite Bitcoin Volatility

Reddit Co-founder Alexis Ohanian has revealed his optimism about the future success of bitcoin despite the daily slump in price in an interview with Yahoo Finance. He believes bitcoin has the potential to be used as a store of value especially in countries where fiat currencies are being devalued. Ohanian is no stranger to the …

Indian Authorities Nab High-Profile Bitcoin Scammers

As India still remains uncertain regarding its regulatory framework for digital currency operations, a number of high-profile fraud cases involving Bitcoin have come to light. Police authorities from the Indian State of Chandigarh recently arrested Amit Bharadwaj for his role in a multicrore Bitcoin scam, reports local publication The Indian Express.  According to the Chandigarh police, three investors …

Crypto Week In Review: Regulatory Worries Galore, Market Hesitantly Heads Upwards

The crypto market made a cautious move upwards this week, even as regulators sought ways to correctly address this nascent, yet controversial industry. SEC Denies 9 Bitcoin ETF Applications… Or Did They? On Wednesday afternoon, the hearts of all crypto investors stopped, as the U.S. Securities and Exchange Commision announced that it would be denying …