Tag "cryptocurrency"

Facebook Libra Cryptocurrency: A new type of digital money

By : CIOL Bureau

Yesterday, Facebook announced its ambitious cryptocurrency ‘Libra’. Facebook Libra is a new type of digital money designed for masses that can be used via Facebook apps and social networks. If everything will go as per the plan, soon you will

One-in-Ten People Now Use Cryptocurrency: Kaspersky Lab

By : CIOL Bureau

Cryptocurrency, often associated with ‘geeks’ or those looking to raise cash quickly, has turned into a popular payment method. According to a recent report from Kaspersky Lab, one-in-ten people (13%) have now used it to make a purchase. However, cybercriminals

Cryptocurrency Trading with INR in India

By : CIOL Bureau

The state of cryptocurrency in India in 2017 The cryptocurrency revolution is upon India since December 2017, when Bitcoin hit an all-time high of close to $20000. With this dynamic increase in value, the hype around cryptocurrencies dramatically increased. The

ICO: A New Way Of Fundraising For Indian Startups

Sandeep Phogat Historically, IPOs or VC funding has financed startups for projects and ventures. Later, the concept of crowdfunding was made popular by platforms such as Kickstarter. In 2013, Ethereum, a cryptocurrency and decentralized app platform brought ICOs into the

McAfee Labs Sees Criminals “Infect and Collect” in Cryptocurrency Mining Surge

By : CIOL Bureau

McAfee released its McAfee Labs Threats Report: June 2018, examining the growth and trends of new malware, ransomware, and other threats in Q1 2018. McAfee Labs saw on average five new threat samples every second, including growth in cryptojacking and

BuyUcoin launches open trading engine for cryptocurrencies

By : CIOL Writers

Blockchain wallet company and cryptocurrency exchange platform BuyUcoin has launched a new trade engine 2.0 that will enable cryptocurrency enthusiasts to have a flawless trading experience with improved overall liquidity of Indian markets. BuyUcoin Trade Engine 2.0 has the capability to execute

Twitter joins Google and Facebook to ban cryptocurrency ads

By : CIOL Writers

Following in the footsteps of Google and Facebook, micro-blogging site Twitter too has banned cryptocurrency ads from its platform. “We are committed to ensuring the safety of the Twitter community. As such, we have added a new policy for Twitter

ClearTax, Zebpay partner to help investors deal with cryptocurrency taxation

BANGALORE, INDIA: The rise and fall of Bitcoin have fascinated the investor community. Although virtual currencies were well received by Indians initially, there continues to be confusion around it. Investors are unsure about how to pay tax on their gains

Google bans all ads related to cryptocurrencies

By : CIOL Writers

Google has decided to ban all ads related to cryptocurrencies and initial coin offerings, as part of its crackdown on the high-risk financial products. The search engine giant announced an update to its policy which says it will begin to block

Cryptocurrency boom and mining attacks went hand in hand in Q4’17

By : CIOL Writers

In sync with the raging popularity and price of Bitcoin in the last few months of 2017, cyber-security firm McAfee registered a record surge in cryptocurrency mining attacks. In its latest McAfee Labs Threats Report: March 2018, the cyber-security firm reveals on average eight new threat samples

This Saharanpur girl’s cryptocurrency app is a big hit on iOS

By : CIOL Writers

At a time when teenagers are busy playing video games and wasting their time on the social networking websites, a 16-year-old from Saharanpur named Harshita Arora has developed a paid cryptocurrency app called Crypto Price Tracker that updates users about

Mobile payments app Circle acquires crypto exchange Poloniex

By : CIOL Writers

Mobile payments app Circle is acquiring US-based cryptocurrency exchange Poloniex. Circle is paying $400 million for the acquisition, according to Fortune. The Poloniex exchange offers trades in 68 different coins, and is currently the 14th largest crypto exchange by 24-hour volume on CoinMarketCap,

Hackers use Tesla’s cloud to mine cryptocurrency

By : CIOL Writers

Tesla’s cloud storage on Amazon Web Services(AWS) was hacked and used to mine cryptocurrency. RedLock, an Indian security research firm detected and reported about the security breach. RedLock’s researchers say they found Tesla’s unprotected information on a Kubernetes console, a Google-designed

Koinex launches global crypto-assets named OMG and Request on their exchange

By : CIOL Writers

Despite the Indian government having apprehensions regarding the cryptocurrencies, Koinex, the digital assets exchange from India is going to list two global crypto-assets named OMG and Request on their exchange. OMG(OmiseGO) has been in the domestic market for a few

Japan’s cryptocurrency exchange loses over $500M in cyber theft

By : CIOL Writers

Japanese cryptocurrency exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin, on Friday saying it had been hacked. Coincheck said it was investigating “unauthorised access” of the exchange that appeared to result in a loss worth half

Kodak announces “photo-centric cryptocurrency”; Stock soars high

By : CIOL Writers

Kodak has announced a partnership with Wenn Digital to create a “photo-centric cryptocurrency” that will “empower photographers and agencies to take greater control in image rights management.” Kodak says KodakOne will be an encrypted, digital ledger which will develop “a new economy for

TrakInvest launches its own cryptocurrency- the TRAK token

By : CIOL Writers

TrakInvest, the world’s first virtual social trading platform has moved to blockchain and launched its own cryptocurrency- TRAK token. The TRAK token has been available to the public since 16 December 2017. The new cryptocurrency will be based on Ethereum

Crowdfunding site Indiegogo launch ICOs for funding startups

By : CIOL Writers

International crowdfunding website Indiegogo announced that the company is getting into cryptocurrencies and initial coin offerings (ICO). You can now invest in the first initial coin offering pre-sale with Indiegogo and MicroVentures. The decision to plunge into the ICO industry is

7 reasons why countries should legalize cryptocurrencies

Vishal Gupta Bitcoin’s popularity and surge in usage has not been without cons. However, some countries took it upon themselves to ban the new age currency. For example, in Vietnam, Bitcoin can be used freely by citizens but credit institutions