• Abu Dhabi resident Down 85% After Taking $140K Loan to Buy Cryptocurrency
    by Eustace Cryptus on August 15, 2018 at 3:00 pm

    Cryptocurrency investing is risky business and one budding investor is feeling the pain after using a huge bank loan to build a losing cryptocurrency portfolio. DYOR and Steer Clear of FOMO It appears that FOMO got the best of one amateur cryptocurrency investor in Abu Dhabi who is now 85% down on cryptocurrencies purchased using a $139,500 bank loan. The unfortunate investor, who goes by the name ‘Cryptohomie’ on Reddit, currently lives in Abu Dhabi. Read More The post Abu Dhabi resident Down 85% After Taking $140K Loan to Buy Cryptocurrency appeared first on Bitcoinist.com. […]

  • Unibright Partners with Lufthansa, Microsoft, and NEM to Build a Bridge Between Different Industries
    by Bitcoinist on August 15, 2018 at 2:00 pm

    Unibright, a unified framework for blockchain-based business integration, has partnered with Lufthansa, Microsoft, and NEM.  Making Blockchain Easy Three months after Unibright reached its hardcap in only 10 days, the company has been making newsworthy partnerships left and right — all of which will bring real use-cases to the project. Being a team of developers with 20+ years of experience in business integration, Unibright seems to know how to address common key problems of any Read More The post Unibright Partners with Lufthansa, Microsoft, and NEM to Build a Bridge Between Different Industries appeared first on Bitcoinist.com. […]

  • Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’
    by Eustace Cryptus on August 15, 2018 at 12:00 pm

    Today, PayPal CEO Bill Harris debuted on CNBC’s Fast Money where he provided a no holds barred lambast of bitcoin and other cryptocurrencies. Bitcoin is a “Cult” The world hasn’t heard much from Bill Harris since April 24th, when his inflammatory claims of Bitcoin being “the greatest scam in history” and “a colossal pump-and-dump scheme, the likes of which the world has never seen.” made waves in the cryptocurrency universe. Today the former Paypal CEO Read More The post Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’ appeared first on Bitcoinist.com. […]

  • New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem
    by Julio Gil-Pulgar on August 15, 2018 at 9:00 am

    bloXroute Labs and a team of Northwestern University students believe Bitcoin’s biggest problem, scalability, can be solved without affecting its chief virtue — decentralization. Northwestern and bloXroute Labs Are Working to Solve Scalability Issue Critics have always identified the limited number of transactions that Bitcoin’s network can process as its most significant problem. They point out that this is what has prevented Bitcoin from becoming the most effective form of payment in the world. Several Read More The post New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem appeared first on Bitcoinist.com. […]

  • These 5 ICO Exit Scams Cost Investors $100 Million
    by Ian Tozer on August 15, 2018 at 7:00 am

    ICO exit scams over the last two years have left people $96.8 million out of pocket, according to data compiled by blockchain intelligence firm Diar. However, this is only a drop in the ocean with regards to the influx of investment the cryptocurrency space is receiving. For context, blockchain start-ups have raised over $6.8 billion from ICOs in 2018 alone. Nonetheless, $100 million is an eye-watering amount. Let’s look at the top 5 ICO exit Read More The post These 5 ICO Exit Scams Cost Investors $100 Million appeared first on Bitcoinist.com. […]