NZ Police Report Says ‘Excellent Progress’ Being Made in Cryptopia Hack Investigation

NZ Police Report Says ‘Excellent Progress’ Being Made in Cryptopia Hack Investigation 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

NZ Police Report Says ‘Excellent Progress’ Being Made in Cryptopia Hack Investigation Police in New Zealand are working with international law enforcement to track down hackers who reportedly stole over $16.1 million from local exchange Cryptopia, the police reported in a press release Feb. 7. Cryptopia, which suffered an attack beginning Jan. 15 and lasting around two weeks, has lost funds from tens of thousands of Ethereum (ETH) wallets. After confirming they were investigating the case Jan. 16, police revealed today that they are coordinating an international effort to track…

‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make Gox Coin for Creditors

‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make Gox Coin for Creditors 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make Gox Coin for Creditors A new movement dubbed “GoxRising” is calling for a new, accelerated rehabilitation plan for  creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox, with the long-term goal of rebooting the trading platform. The development was reported in an interview with its author, controversial industry figure Brock Pierce, by TechCrunch Feb. 7. As previously reported, roughly 24,000 creditors are thought to have been affected by Mt. Gox’s 2011 hack and subsequent collapse in early 2014, which resulted in…

Crypto Growth Needs Entrepreneurs and Projects, Not ETFs

Crypto Growth Needs Entrepreneurs and Projects, Not ETFs 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Crypto Growth Needs Entrepreneurs and Projects, Not ETFs The CEO of leading cryptocurrency exchange Binance, Changpeng Zhao, said that he doesn’t think Exchange Traded Funds (ETFs) “are core to our industry’s growth,” during a live stream via Periscope, Feb. 6. Zhao — also known in the community as CZ — declared that the cryptocurrency industry will grow with or without the launch of a Bitcoin (BTC) ETF, suggesting: “I think for our industry to grow we need more entrepreneurs to build real projects.” As Cointelegraph reported last week, the Chicago…

How MIT Joined Ethereum in the Race for the PoS Blockchain

How MIT Joined Ethereum in the Race for the PoS Blockchain 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

How MIT Joined Ethereum in the Race for the PoS Blockchain As reported by Cointelegraph on Jan. 24, the press service of the Massachusetts Technical Institute (MIT) announced the development of a new cryptocurrency based on the proof-of-stake (PoS) protocol. Ethereum — Algorand’s closest competitor, according to the existing estimates — will launch its PoS system sometime between 2019 and 2021. Scheduled updates required for a gradual transition from the proof-of-work (PoW) to a PoS algorithm have been regularly postponed by the Ethereum Foundation due to network vulnerabilities and failures in…

BitTorrent Partners with CoinPayments to Launch Support for Native BTT Token

BitTorrent Partners with CoinPayments to Launch Support for Native BTT Token 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

BitTorrent Partners with CoinPayments to Launch Support for Native BTT Token Peer-to-peer (p2p) torrent client BitTorrent has announced that its native token, BitTorrent Token (BTT), based on the Tron protocol, is now supported by CoinPayments’ crypto payments gateway. The news was shared with Cointelegraph in a press release Feb. 7. As reported, BitTorrent launched its BTT token this January — its first full-fledged move to begin to tokenize its content sharing ecosystem, roughly six months after the company was acquired by decentralized internet startup Tron. According to today’s press release, BitTorrent…

Bitcoin Trading Reaches All Time High in Venezuela Amidst Ongoing Economic Collapse

Bitcoin Trading Reaches All Time High in Venezuela Amidst Ongoing Economic Collapse 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Trading Reaches All Time High in Venezuela Amidst Ongoing Economic Collapse Bitcoin (BTC) trading volumes in Venezuela have reached a new all-time high amidst massive hyperinflation and an ongoing presidential crisis, tech news outlet TrustNodes reports Feb. 6. Bitcoin weekly trading volumes reached above 2,000 BTC (about $6.8 million) on peer-to-peer (p2p) exchange LocalBitcoins during the week ending Feb. 2. Venezuela LocalBitcoins Weekly Trade Volumes in BTC. Source: Coin.Dance The recorded trade volumes on LocalBitcoins are just a fraction of overall estimated Bitcoin trading by Venezuelans. As TrustNodes reports,…

90% of Finance Professionals Think Blockchain Will Have a Positive Impact

90% of Finance Professionals Think Blockchain Will Have a Positive Impact 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

90% of Finance Professionals Think Blockchain Will Have a Positive Impact A TD Bank survey revealed that 90 percent of treasury and finance professionals think that blockchain and distributed ledger technology (DLT) will positively affect the payments industry, according to a press release published on Feb. 6. The survey, conducted by top ten United States-based bank TD — a subsidiary of the Canadian multinational Toronto-Dominion Bank — involved 406 industry professionals at the 2018 AFP Conference held Nov. 5-6, 2018, in Chicago, Illinois. The answers collected reportedly also reveal that…

Ripple Expands Blockchain University Initiative With Partners in US, China & Singapore

Ripple Expands Blockchain University Initiative With Partners in US, China & Singapore 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Ripple Expands Blockchain University Initiative With Partners in US, China & Singapore Ripple has announced the latest new partners in its global University Blockchain Research Initiative (UBRI), which include universities in the United States, China, Singapore and Brazil. The development was announced in a press release published Feb. 7. As reported, Ripple launched UBRI in June 2018  to support academic research, technical development and innovation in blockchain, cryptocurrencies and digital payments. The program has now reportedly onboarded eleven new higher education partners — including Carnegie Mellon, Cornell, and Duke universities…

Crypto Exchange ErisX Appoints Three New Execs From Barclays, YouTube, CBOE

Crypto Exchange ErisX Appoints Three New Execs From Barclays, YouTube, CBOE 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Crypto Exchange ErisX Appoints Three New Execs From Barclays, YouTube, CBOE Crypto exchange ErisX has appointed three veterans from Barclays, Youtube and the Chicago Board Options Exchange (CBOE) to fill executive roles at the company. The development was announced in a press release published Feb. 7. As reported, ErisX is a reboot of traditional futures market Eris Exchange, and is expected to begin support for spot trading in major cryptos. The exchange will support spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), as well as futures contracts starting…

Will Amazon Ever Add Cryptocurrency to Its Platform? Maybe!

Will Amazon Ever Add Cryptocurrency to Its Platform? Maybe! 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Will Amazon Ever Add Cryptocurrency to Its Platform? Maybe! Around one-third of Americans use Amazon.com to buy just about everything. The company holds around 90 million US-based Prime members and the average subscriber spends around $1,000 annually on the site. The wide assortment of products at low prices has helped make Amazon one of the most valuable companies in the world. Except, its frequent shoppers want access to more products on its site, including medical marijuana, prescription drugs, and cryptocurrency. Amazon and Cryptocurrency Investing.com conducted a polled study of 1,000…