Bitcoin Slumps to 3-Month Low Below $6K

Bitcoin prices plunged to a 12-week low on February 5th, falling by double-digit percentage losses amid a continued crypto market sell-off. a combination of new buyer fatigue and negative news appears to have taken its toll. Bitcoin’s Price Index fell as low as $5,967.34 the lowest level since November 13, 2017. The total market capitalization…

Russian Scientists Arrested for Crypto Mining at Nuclear Lab

Reports suggest that several scientists working at a Russian nuclear weapons research facility have been arrested for mining cryptocurrencies at the site. Sources from Interfax and the BBC indicate that the unnamed scientists have been handed over to the Federal Security Service (F.S.B.) following the discovery. The scientists reportedly used a supercomputer at the facility…

China Fintech Watchdog to Step Up ICO Oversight

A self-regulatory association that is connected to China’s banking and securities sector is vowing to increase its oversight over cryptocurrency and initial coin offerings in 2018. In its annual meeting held in February, China’s National Internet Finance Association (N.I.F.A) revealed that special efforts into overseeing the sector will be implemented in 2018. Although they are…

Search Giant Baidu Launches CryptoKitties Knock-off

Baidu, China’s search engine giant, has launched a new Crypto-Kitties like service as part of its wider work with blockchain. the service centers around the digital adoption and trade of puppies, which are recorded on a blockchain. The website lists various digital puppies each ranked by their scarcity. Users with Baidu accounts are able to…

Nvidia CEO Says Cryptocurrency Is ‘Not Going to Go Away’

Jen-Hsun Huang, CEO of graphics card maker Nvidia, posted its fourth-quarter results for 2017. The company said that demand from cryptocurrency miners for its product beat expectations even though that market segment remains a small one. Huang touted the benefits of the technology underlying cryptocurrencies. There is “clearly real utility” with blockchain, Huang said, adding…