An IT meltdown at the TSB bank has left 1.9 million customers without access to online banking for almost a week. The TSB bank is a subsidiary of Spanish banking conglomerate Sabadell Group and originally part of the Lloyds Banking Group. The TSB was divested following instructions from the European Commission as the 43% held by the British Government was considered an illicit … [Read more...] about Millions of Customers Unable to Access Fiat Funds at British Bank TSB
Archives for April 2018
After a disastrous start to 2018, which saw the value of cryptocurrencies fall close to 70%, prices are finally beginning their climb upward, with the entire industry approaching a $400 billion valuation. This is welcome news to cryptocurrency investors and traders around the world.However, even as prices have risen, Bitcoin, the world’s largest digital currency, has … [Read more...] about As Crypto Prices Rise, Bitcoin Loses Market Share
A new co-fork of Zclassic and Bitcoin will launch on August 10, 2018, under the name Anonymous Bitcoin (BTCA). It will be entering the privacy coin niche, making it a rival to currencies like Monero, PIVX, and Verge. Most notably, it will be in direct competition with Bitcoin Private (BTCP), a coin which also launched as a fork of both Bitcoin and Zclassic.The people in the … [Read more...] about Anonymous Bitcoin to Go Live August 10
The real estate sector is, was, and always will be, a considerable part of the economy. According to a report by PWC, the lines between traditional real estate and new entrants is becoming blurred, mainly due to technological innovations. The report further indicates that companies who are unable to change and evolve will be left behind. This is mainly because money is flowing … [Read more...] about What is Domineum?
From April 17, 2018, to April 29 the price of EOS has risen from $8.73 to of $22.79 (a 161% increase). This makes it one of the few cryptocurrencies to reach an all-time-high in this economic climate, but why exactly has its price exploded? EOS will be conducting a 'token swap' on June 1, 2018 EOS is soon to transition away from Ethereum's blockchain and onto its own mainnet— … [Read more...] about What Is Happening to EOS’ Price?
The ICO sector has been the sole form of fundraising for new blockchain based projects. It has been both a gigantic success and a massive failure. Many say that with an increase in regulatory oversight, the days of the ICO are numbered.The success largely stems from the fact that it is an easy form of fundraising that bypasses the traditional channels. In 2017, ICO’s raised … [Read more...] about Is this What the Death of the ICO Looks Like?
There is no consensus on Bitcoin's next move or underlying value. After rising from the USD 7,000 level a few weeks ago, the world's most popular crypto briefly spiked over $9,000.Beleaguered crypto buyers could be heartened by this price action. Many may be staring at huge losses on positions that were opened up at last year's heights. Speculators that entered the space … [Read more...] about Bitcoin’s Future Polarizes Tech Insiders
Well, they did say that cryptocurrency was fast, not to mention cheap. For those who are still uncertain about the value that cryptocurrency can provide, a recent Litecoin transaction worth $99 million has been completed within 2.5 seconds for a fee of less than $0.40. Of course, this is orders of magnitude better than any transaction that could be completed with a standard … [Read more...] about Litecoin – $99 Million in Two Seconds and 40 Cents
Premier and Minister of Finance of Bermuda, David Burt, held a joint press conference with Binance CEO, Changpeng Zhao, April 27, 2018, to announce the signing of a partnership and MOU. The press conference was streamed live on Facebook, and a recording of the event can be viewed here.Burt thanked the media, Madame President, and MP’s for attending before reading out a … [Read more...] about Binance Exchange Signs MOU With Premier of Bermuda
Armando Perez (AKA Pitbull) is looking to use blockchain technology to disrupt the music industry and has launched a competition along with Emerge Americas and Zeppelin (an open source framework that allows users to build smart contracts in Solidity) to make it happen.Pitbull took to Twitter this week to announce a month-long competition “Smackathon,” which invites … [Read more...] about Smackathon: Pitbull Announces Blockchain Competition Aiming to Disrupt the Music Industry
Cryptocurrency payment cards are an exciting area in the industry as they allow people to spend their digital assets in the same way as they spend their fiat— they can be used in any shop that facilitates credit/debit card payments. These types of cards make the act of spending your cryptocurrency a pleasure. No longer do people have to fiddle with long public addresses and … [Read more...] about Crypto Payment Cards Are Vital to Widespread Adoption
A cryptocurrency investor from Lucerne in Switzerland is offering a reward of more than $40,000 for the safe return of crypto hardware wallets which hold the private keys to coins worth $800,000. Hardware wallets are considerably safer than using software wallets, but it doesn’t mean that your digital assets are 100% safe. As recommended, he kept the hardware wallets at a bank … [Read more...] about Reward of $40,000 Offered for Return of Two Crypto Hardware Wallets
The cryptocurrency exchange, Buda, has persuaded Chile's anti-monopoly courts to order the re-opening of the platform's accounts with two national banks. This comes after the Chilean banks closed their doors to all cryptocurrency exchanges within the country. Buda will now be able to seek financial services from both Banco Estado and Itau Corpbanca.Buda chose to sue the … [Read more...] about Chilean Courts Re-Open Bank Accounts for Exchanges
Crypto Disrupt published an article on April 26, 2018, relating to the Nasdaq CEO agreeing with the SEC that digital assets need to be regulated. The article also referenced a very detailed Steemit post where the crypto community is trying to self-regulate the ecosystem. The community feels that self-regulation will be better than draconian measures taken by the “old guard” to … [Read more...] about Self-Regulation in the Crypto Community
The crypto community has the overriding aim to see blockchain technology adopted by the masses for the good of all. That doesn’t mean its one big happy family, and there are numerous conflicts within the industry. Some of the conflicts are the competitive rivalry you would find in any business sector, but some disputes go much deeper than that. After years of heated debate on … [Read more...] about Vitalik Buterin to Boycott Consensus 2018 Event
At a session held on Thursday (26, April) by the U.S Chamber of Commerce Center for Capital Markets, Joseph Otting (a top banking regulator), said that cryptocurrency has the potential to go mainstream.According to a report from Forbes, Otting (who was sworn in as Comptroller of the Currency by President Trump in November 2017) likened cryptocurrencies to trading cat’s eye … [Read more...] about U.S: Top Regulator Says Crypto Could Break Into Mainstream but Most Authorities Remain Conservative
There have been many intriguing cryptocurrency project launches so far in 2018. We've decided to take a look at three of the most exciting crypto projects out there that could have a long-term impact on the crypto space. The three are varied in scope, ranging from the diamond industry to the merger and acquisition market. LEXIT Without a shadow of a doubt, the best crypto … [Read more...] about The Three Most Exciting Crypto Launches of 2018
In March 2018, Kevin O’Leary appeared on CNBC to promote an upcoming ICO that he said would be the first asset-based ICO of its kind. The asset was to be a well-known New York hotel, but an NDA prevented him from disclosing the name of the hotel. O’Leary was expecting to raise $400 million via the ICO, and at the time, Crypto Disrupt made an educated guess as to which hotel it … [Read more...] about What Happened to the New York Plaza Hotel ICO?
One of the biggest new stories to hit crypto in 2018 was the $2,000,000 hack of Ian Balina’s digital wallet. It wasn’t just the amount of money lost by this top crypto influencer that was spectacular but also the fact that it was carried out during a live YouTube stream. Balina is known to have regular live streams lasting up to three hours.Balina scheduled an ask me … [Read more...] about What Did We Learn From the Ian Balina Ask Me Anything Live Stream About the Hack?
Malta looks to continue setting the trend in the cryptocurrency space with new legislative developments. The Maltese government cabinet has recently approved three bills to regulate cryptocurrency in Malta, one of which is the Virtual Financial Assets Bill. The bill provides a regulatory framework for cryptocurrencies and initial coin offerings.The other two bills approved … [Read more...] about Malta Set to Fly Into Crypto Space With Strong Regulatory Framework