UPS Potentially Accepting Bitcoin as Payment Soon

The most recent patent filing from UPS suggests they are looking at accepting bitcoin as payment for a new item-exchange locker service. The locker system would enable a user to lock an item within a compartment, which they can set up to open upon payment of a certain amount. This would … Read More

Blockchain Data Mining by Police

Cryptocurrency, particularly bitcoin, first came into the spotlight largely in part due to its relation with illegal drug transactions over the Darknet. The U.S. Immigration and Customs Enforcement (ICE) has revealed they are now tracking transactions on the blockchain made by illegal drug traffickers attempting to cover their trail through … Read More

North Korea Turns to Cryptocurrency

The government of North Korea has, over the last few years, been largely cut off from the global economy due to their civil rights abuses, intercontinental ballistic missile launches, and nuclear weapons development. To attempt to feed their starving population and maintain control, they’ve now turned to hacking cryptocurrency. The … Read More

City Invests in Bitcoin Mining

While the rest of the world considers regulating cryptocurrency, another U.S. city has decided to embrace the revolutionary technology. Virginia Beach has granted $500,000 to help develop a bitcoin mine in the city. The Virginia Beach Development Authority recently revealed they were funding Because LLC, the company behind the bitcoin … Read More

ICO Warning: 10% of Proceeds Hacked

Ernst & Young conducted a study of 372 initial coin offerings put out in 2017 and tracked the ICO funding patterns.  Last year investors and coin fans pumped around $3.7 billion into ICOs, but EY found that around $400 million of that money ended up in the hands of hackers.   … Read More

BitConnect Exchange Shutting Down

BitConnect, the bot driven cryptocurrency lending and exchange platform, announced Thursday it is shutting down.  Visitors to their website were greeted with the announcement that cited three reasons for the shutdown: Continuous bad press (more on that below) Cease and Desist letters from the securities boards of both Texas and … Read More

Cryptocurrency: Why Lost or Stolen Coins Must Be Documented

As the rise of the popularity of cryptocurrency barrels toward a paradigm shift in the economy, some traditional issues, as it relates to crypto being an asset, begin to surface. This includes the implications of your responsibilities when that asset is stolen or otherwise lost and unrecoverable. In 2014, the … Read More