Latest Business News

EOS hack leads to $58,000 theft
Business 20 September 2018

EOS hack leads to $58,000 theft

About $58,000 was stolen from token exchange Newdex, through the issuance of fake EOS tokens in the network.

China’s central bank warns public (again) against cryptos, ICOs
Business 19 September 2018

China’s central bank warns public (again) against cryptos, ICOs

the People’s Bank of China (PBoC) has issued yet another notice to remind everyone in the country against investing in cryptocurrencies and initial coin offerings (ICOs) amid reports that domestic crypto activities have been flourishing recently.

Litecoin is a ‘significantly overvalued relic,’ report finds
Business 19 September 2018

Litecoin is a ‘significantly overvalued relic,’ report finds

Litecoin is struggling from a lack of adoption amongst merchants, the majority of which only support LTC as part of a basket of cryptocurrencies supported by their payment processor, according to a report published by crypto hedge fund Multicoin Capital.

Is Bitmain about to go bankrupt?
Business 19 September 2018

Is Bitmain about to go bankrupt?

Cryptocurrency mining manufacturing giant Bitmain has been called out for possibly exaggerating its financial information and some are now wondering if the most profitable crypto mining-based company in the world could be on the verge of going bankrupt.