$1.5 Million: Cryptocurrency Trading Platform Taylor Suffers 2,500 ETH Hack

Taylor, a company that recently launched an initial coin offering (ICO) to raise funds to help develop a smart cryptocurrency trading assistant, has recently been hacked for 2,578 ETH (about $1.5 million) as well as some of its TAY tokens. According to a Medium blog post the company published, what truly happened isn’t yet clear,

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Chinese Government Orders Faster Blockchain Development, Urgently Seeking Results

The State Council of China ordered local financial authorities and government-funded research centers to focus on the development of blockchain technology and accelerate the commercialization of the blockchain. The official statement of the State Council of China released on May 24 read: “To build a regional equity market in Guangdong, according to the opening up

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CryptoKitties Quietly Suspends ‘CurryKitties’ Promotion

The company behind popular Ethereum-based game CryptoKitties has quietly suspended its “CurryKitties” promotion, which allowed users to purchase limited edition digital cats modeled after the likeness of NBA superstar Stephen Curry. It’s unclear when precisely the promotion was taken down, but its web page has replaced with a message explaining that the campaign has been

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Argentinian Bank Drops Out of SWIFT, Favors Bitcoin and Cryptocurrency

According to Toshi Times, Jose Dakak, the principal shareholder of Argentinian bank Banco Masventas, has stated that the bank will drop out from the global financial network SWIFT and begin utilizing the Bitcoin blockchain network to settle international payments. Can Bitcoin Replace SWIFT? Through a strategic partnership with Bitex, a cryptocurrency payment service provider based

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No Blockchain Network is Remotely Close to Ethereum, Says Golem CEO

Zulian Zawistowski, the CEO of Golem, a smart contracts-based decentralized supercomputer, stated that Ethereum is the most promising blockchain platform in the global cryptocurrency sector and no other blockchain protocol comes remotely close to Ethereum’s potential and applicability. Ethereum’s Advanced and Sophisticated Platform Golem, the 47th largest cryptocurrency with a $387 million market valuation, which

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Google Tries Hiring Vitalik Buterin for a Secret Crypto Project

In a recent tweet, Vitalik Buterin posted a screenshot of a mail from Google with a job offer for him. He posted the mail, along with a follow-up tweet which had a poll asking his followers if he should take up Google’s offer. In his original tweet, Vitalik failed to hide the recruiter’s name, email

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Debunking $5 Trillion Vanguard’s Illogical Arguements of Bitcoin Price Going to Zero

Following the footsteps of Tim Buckley, the CEO at Vanguard, an investment firm that oversees $5.1 trillion in assets, the company’s chief economist Joe Davis stated that he sees the price of bitcoin dropping to zero in the long-term. Argument 1: No Viable Use Case The core argument Davis offered on his ETF.com opinion piece

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Bitcoin, Ethereum Prices Drop 3% in Sluggish Crypto Market: Factors and Trends

Over the past 24 hours, the valuation of the cryptocurrency market has dropped from $390 to $373 billion, by more than $17 billion. The bitcoin price dipped below $8,300 and the value of Ether, the native cryptocurrency of the Ethereum network, dropped to $690. Main Factors Behind the Cryptocurrency Market Slump The recent correction of

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Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments

Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said during an interview with Business Insider’s Oscar Williams-Grut that he has been appointed as the CEO of a cryptocurrency startup called Crypterium. Everyday Payments During the interview, O’Brien, who served as the CEO of VISA UK for six years from 2008

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Drug Dealing and Shrimp Breeding: 4chan DApp Games Invade Ethereum Blockchain

4chan users have created DApps on the Ethereum blockchain accounting for tens of thousands of transactions in the last few days as users sell virtual cocaine and breed shrimp eggs to sell on the blockchain. The game Ether Cartel, listed as number one on the new category list on DappRadar, saw a volume of over 33

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