China Determined to Dominate the Blockchain Industry
Osato Avan-Nomayo · May 23, 2018 · 3:00 pm <!– Excerpt China intends to be the global leader in all things blockchain. Chen Lei, the CEO of Xunlei, believes that it would be against the country’s interest to be left behind in the emerging industry. Despite China’s crypto crackdown, experts want the country to invest …
AI-Based Youtube Bitcoin Explainer Trained By Real BTC Guides Gets It All Wrong
An AI compilation published on Youtube Tuesday that used pre-existing Bitcoin (BTC) explainers to come up with its own “basic stage training” on Bitcoin has resulted in almost complete nonsense, Mashable reports May 22. [embedded content] Created by Botnik Studios, which describes itself on Twitter as a “human-machine creative force,” the Youtube video is a …
Bitcoin Slumps Below $7500 as Drop From Recent Peak Tops 20%
Bitcoin fell to a six-week low, as selloff that began in early May dropped the cryptocurrency’s price below $7,500 for the first time since mid-April. Bitcoin slumped 7.3 percent to $7,495 as of 1:57 p.m. in New York, according to Bloomberg composite pricing. It’s now down more than 20 percent since a May 4 peak. …
As bitcoin plunges, mega-bull Tom Lee stands by his $25000 target
Fundstrat’s Tom Lee is standing his ground on bitcoin soaring to $25,000. div > div.group > p:first-child”> On Wednesday, the cryptocurrency plunged below $8,000 and traded at around $7,500, essentially giving up most of the gains bitcoin had managed to make from mid-April to early May after hitting 2018 lows. But not only does Lee …
Chinese Prosecutors Charge Final Suspects In $2.3 Bln OneCoin Investigation
The last four suspects in a two year case against alleged pyramid scheme OneCoin have been prosecuted in China’s Hunan Province, government-supported local news source the Justice Network reports Wednesday, May 23. The Zhuzhou Country Procuratorate of the Hunan Province examined 106 people, publicly prosecuted 98, and recovered around 1.7 bln yuan (around $266 mln) from over 20 provinces across …
Bitcoin drops 9%, now back below $8000
Bitcoin extended a two-week sell off Wednesday, falling below $8,000 to its lowest level since mid April. div > div.group > p:first-child”> The digital currency dropped 8.7 percent to a low of $7,512.43 as of 12:30 p.m. ET, according to data from CoinDesk. All other major cryptocurrencies were also in the red despite bullish calls …
Markets Update: Stormy Weather Continues to Plague Cryptocurrency Traders
Over the past few days, cryptocurrency markets have been losing steam as many digital assets have lost a good amount of value. Most coins are down anywhere between 3-15 percent over the past 24-hours. Bitcoin Cash (BCH) values have dipped 10 percent over the last day and prices hover around $1,055 today. Bitcoin Core (BTC) …
South Africa: Gang Kidnaps 13 Year Old Boy, Demands Ransom of 15 Bitcoins
The kidnappers of a 13-year-old boy in South Africa have demanded a ransom of 15 bitcoins (BTC) – around $120,000 – for his release, The Guardian reportedTuesday, May 22. Local police stated that on Sunday, May 20, three gang members pulled up in a car near to where the teenager, Kathlego Marite, was playing with two …
Israeli Bitcoin Chair: Solution To Blockchain ‘Cargo Cult’ Is Proper Knowledge
Wilma Woo · May 23, 2018 · 1:00 pm <!– Excerpt The chairman of the Israeli Bitcoin Association, Meni Rosenfeld, has continued the debate surrounding the providence of “imitation” blockchain projects and altcoins. Exploiting ‘Invisible’ Features In a series of tweets on May 21st, Rosenfeld added to the “cargo cult” narrative which first appeared at …
Kidnappers snatch a 13-year-old South African boy and demand his ransom be paid in bitcoins
Police say Katlego Marite was taken by three men in a car as he played with two friends near his home in the eastern province of Mpumalanga. Police spokesman Brigadier Leonard Hlathi told CNN the incident in the coal-mining city of Witbank was over in minutes and the abductors seemed to make a beeline for …