Blockchain startup Zwoop collapses following cancellation of ICO

Blockchain startup Zwoop collapses following cancellation of ICO

VC-backed cryptocurrency startup Zwoop has gone into administration. According to an exclusive report by The Telegraph’s James Cook, the company’s board of directors filed for administration at the end of November last year. As a result, employees and suppliers from all over the world have been left with unpaid wages and bills, according to sources. Zwoop, founded by Italian entrepreneur Alessandro Gadotti, raised $13 million from Robert Friedland, an American-Canadian billionaire and mining tycoon. Friedland is also the founder of

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5 of the best podcasts to get you into cryptocurrency and blockchain

5 of the best podcasts to get you into cryptocurrency and blockchain

Getting into blockchain and cryptocurrency can be pretty threatening to newbies – especially because the space is so flush with buzzwords and fancy marketing lingo. Usually, we would recommend going straight to the source and catching up on the original Bitcoin white paper, as laid out by its mysterious Satoshi Nakamoto. Or alternatively, reading up on the relevant literature (link to matt’s book piece to be included). But if you happen to learn better by listening than reading, then you

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South African man hands thugs $60K in Bitcoin after heinous torturing

South African man hands thugs $60K in Bitcoin after heinous torturing

It seems cryptocurrency scammers aren’t afraid of using more old school tactics in order to extort Bitcoin BTC from their victims. A man from South Africa was purportedly attacked for his Bitcoin by someone he met on Facebook, according to local news outlet, the Soweto Urban. The attack took place on November 16 where the man, known as Andrew, was lured to give a presentation about Bitcoin in Ntuli Street in Meadowlands Zone Five, the report states. It appears Andrew

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Hackers infect official Make-A-Wish site with cryptocurrency malware

Hackers infect official Make-A-Wish site with cryptocurrency malware

It seems crypto-jackers have absolutely no ethical standards. After governments, universities, and technology giants, even charitable organizations are finding themselves at the receiving end of cryptocurrency malware. The latest victim is the US-based Make-A-Wish Foundation. Researchers from security firm Trustwave found that one of the foundation’s websites – worldwish.org – was compromised with cryptocurrency malware known as CoinImp. The malware infects the website with a malicious script to steal visitors’ computing power to covertly mine cryptocurrency. A screenshot of Make-A-Wish Foundation’s

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Morgan Stanley says Bitcoin is a new type of asset

Morgan Stanley says Bitcoin is a new type of asset

Sometimes it seems institutions and governments spend more time trying to figure out how Bitcoin should be classified, rather than actually doing anything with it. Well, global investment bank Morgan Stanley is the latest to stick their oar in, claiming that Bitcoin BTC has become an institutional investment class, CoinDesk reports. Basically this means its a type of asset like: shares, bonds, property, commodities, or cash. The revelation comes following a review on the last 6-months of Bitcoin usage data

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Coinbase lets you buy and sell USDC stablecoin – TechCrunch

Coinbase lets you buy and sell USDC stablecoin – TechCrunch

A few weeks after Circle announced the launch of USD Coin (or USDC for short), Coinbase also announced that customers can now buy, sell, send and receive USDC on Coinbase. A USDC is a token that is worth exactly 1 USD. Its value is going to stay stable against USD — hence the name stablecoin for this type of coins. Unlike traditional cryptocurrencies, you can be sure that the value of your USDC wallet isn’t going to fluctuate like crazy.

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India’s biggest internet association forms committee to build a ‘blockchain ecosystem’

India’s biggest internet association forms committee to build a ‘blockchain ecosystem’

Despite the Reserve Bank of India’s directive that prevents Indian banks from working with cryptocurrency businesses, the country is still forging ahead to explore blockchain technology. In a tweet yesterday, the Internet and Mobile Association of India announced the forming of a blockchain committee. IAMAI Forms Committee For #Blockchain . The group will identify opportunities and challenges and work with government, industry and #startups to develop the ecosystem. https://t.co/Ciu10RV7Kf @SecretaryMEITY @FinMinIndia @PMOIndia — IAMAI (@IAMAIForum) October 16, 2018 The committee

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Blok.Party raises $10M, will adapt Settlers of Catan to its blockchain game console – TechCrunch

Blok.Party raises $10M, will adapt Settlers of Catan to its blockchain game console – TechCrunch

Blok.Party, the company that built the upcoming PlayTable game console, announced today it raised $10 million in new funding. It’s also unveiling a big content partnership, where Blok.Party will create its own version of the popular board game Settlers of Catan. I first wrote about Blok.Party and PlayTable earlier this year, when co-founder and CEO Jimmy Chen first laid out his vision to use blockchain technology to build a console that can recognize real-world objects (like figurines and cards), creating

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Ripple makes waves with Japanese money transfer app

Ripple makes waves with Japanese money transfer app

SBI Holdings is not quite done with its foray into blockchain. The Japanese financial giant has announced plans to launch a mobile payment app for iOS and Android that will use Ripple’s distributed ledger tech. So far, all we know is that the app is expected to arrive this Fall and that it will be called Money Tap. This collaboration is part of SBI Ripple Asia, which the two companies founded in 2016 in efforts to develop various blockchain-based fintech

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Coinbase, Polychain Capital, and others unite to form cryptocurrency lobbying group in DC

Coinbase, Polychain Capital, and others unite to form cryptocurrency lobbying group in DC

Cryptocurrency bigwigs are banding together to form a political lobbying consortium that will take on the industry’s hardest policy making issues directly from Washington DC. The NGO, known as the Blockchain Association, is trying to become the go to lobbying organization on political and legal issues that challenge cryptocurrency and blockchain companies. In its first Medium blog post yesterday, the consortium stated it is aiming to deliver “a unified voice for the blockchain industry.” The decisions they make now will

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