Secret Plots, Google Bans, and Augur Assassination Markets: This Week in Crypto

Secret Plots, Google Bans, and Augur Assassination Markets: This Week in Crypto

Advertisement Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes or wherever you get your podcasts. Price Watch: Bitcoin increased nearly 9% this week after a non-trivial gain of 18% last week. The price was all over the place…

Opinion | How Blockchain Could Fix Facebook’s Fake News Problem

Opinion | How Blockchain Could Fix Facebook’s Fake News Problem

Advertisement After the 2016 United States presidential election, Facebook started to receive flak for its possible role in Donald Trump’s victory. The usage of Facebook profiles for data analysis by Cambridge Analytica, the immense number of fake news articles on the site and the impact of confirmation bubbles meant that Facebook’s platform was being used…

Chinese Social Network Tianya is Launching a Native Cryptocurrency

Chinese Social Network Tianya is Launching a Native Cryptocurrency

Advertisement The Tianya Community in China, a social network of 130 million users that seeks to create the country’s most influential platform for content and knowledge creation, has announced a blockchain based initiative to rebuild its ecosystem. The new ecosystem will launch on Aug. 8 and will make use of a blockchain based token, TYT,…

Crypto Market Rebounds, Bithumb Drives Kimchi Premium Up 50%

Crypto Market Rebounds, Bithumb Drives Kimchi Premium Up 50%

Advertisement Bithumb, formerly the biggest crypto exchange in South Korea, has driven the Kimchi Premium up 30 percent on major tokens, inflating the price of cryptocurrencies. Bithumb, the Bad Actor On June 20, as CCN reported, Bithumb was hacked for $40 million. The Financial Services Commission (FSC) and Korea Financial Intelligence Unit (KFIU) were involved…

Romania Targets Cryptocurrencies With New Electronic Money Law

Romania Targets Cryptocurrencies With New Electronic Money Law

Advertisement Romania has become the latest country to institute a regulatory process expressly targeted at cryptocurrencies and digital currencies. A draft of an Emergency Ordinance published by the Romanian Ministry of Finance sets out the conditions and requirements that must be met by an issuer of electronic money in the Eastern European country. According to…

London Remittance Firm Launches Cryptocurrency Trading Service

London Remittance Firm Launches Cryptocurrency Trading Service

Advertisement TransferGo, a London-based remittance service, has become the first remittance provider to offer a cryptocurrency trading service, and will offer bitcoin, ethereum, bitcoin cash, litecoin and XRP, in response to a strong demand for cryptocurrency, according to Bloomberg. Daumantas Dvilinskas, founder and CEO of TransferGo, expanded on what he called a strong demand for cryptocurrencies…

Tezos Foundation Taps ‘Big Four’ Firm PwC for Independent Audit

Tezos Foundation Taps ‘Big Four’ Firm PwC for Independent Audit

Advertisement Major auditing firm PricewaterhouseCoopers (PwC) Switzerland has agreed to conduct an independent audit of the Tezos Foundation’s finances and operations, the foundation announced on Monday. PwC, considered one of the “Big Four” auditing firms, will review the finances of the Tezos Foundation, which is holding hundreds of millions of dollars worth of cryptocurrencies and…