Category Archives: Uncategorised

White House Advisory Says Cryptocurrencies Used for Fentanyl Purchases

The White House issued two advisories on drug purchases in the U.S. Wednesday, using the communications to make specific references to the role of cryptocurrencies in such transactions. The advisories, addressed to both financial institutions and digital payment platforms, state that “convertible virtual currencies,” particularly bitcoin, bitcoin cash, ethereum and monero, can be and have… Read More »

Authorities Seize Crypto Mining Equipment from Nuclear Power Plant

Ukraine’s top law-enforcement and counterintelligence agency uncovered crypto mining equipment on site at a nuclear power plant. According to local media reports, the Security Service of Ukraine (SBU) confiscated six Radeon RX 470 GPU video cards, a motherboard, power supplies and extension cords, a USB and hard drive, and cooling units installed in the South… Read More »

New Flexa Tech Will Let You Spend Bitcoin From Other Apps Too

The merchant payments startup Flexa will soon allow any other app to run payments in crypto just like its own SPEDN app has since May. Staking with the company’s Flexacoin (FXC) will enable apps to trustlessly provide payments to merchants without any danger of malicious apps reversing a transaction after Flexa has transferred funds. The… Read More »

Gemini Heads Down Under With Crypto Exchange Launch in Australia

Cryptocurrency exchange Gemini announced Wednesday that it is officially opening its doors to customers in Australia. The exchange’s fifth international move, the development means that Australian users can buy and sell five cryptocurrencies on Gemini including bitcoin, bitcoin cash, ethereum, litecoin, and zcash. The startup, founded by investors Tyler and Cameron Winklevoss, is also making… Read More »

Travelport, IBM Collaborate on Blockchain for Hotel Commissions

Travelport, a business and consumer travel services provider, announced it is using IBM’s Hyperledger Fabric to guarantee commissions paid to travel agencies. According to a statement released on August 20, the blockchain was designed with input from IBM, travel management company BCD Travel, and three unnamed hotel chains. The system aims to “put the lifecycle… Read More »

US Treasury Blacklists Bitcoin, Litecoin Addresses of Chinese ‘Drug Kingpins’

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned three Chinese nationals and their cryptocurrency addresses, alleging they violated money laundering and drug smuggling laws. OFAC named Xiaobing Yan, Fujing Zheng and Guanghua Zheng as narcotics traffickers under the Foreign Narcotics Kingpin Designation Act, freezing any property they own within the U.S.… Read More »

You Can Now Earn Bitcoin Rewards for Postmates Purchases

Food delivery is about to get a little sweeter for the users of the bitcoin rewards platform Lolli. The startup announced Wednesday that is has partnered with delivery service Postmates, making the popular app the latest partner for Lolli’s rewards program. One of the most popular food services, Postmates mobile app saw 2,094,920 downloads in… Read More »