Cointelligence Blog

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Tesla owner builds cryptocurrency mining rig in his Model S

The mining rig uses the Tesla supercharge system and could cut down miners’ electricity costs.
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Millennials are into bitcoin

A survey revealed that one out of every four millennials would rather invest their hard-earned money in bitcoin than in any other traditional banking schemes. In fact, 24.5% of the 10,000 millennials who participated in the survey favored $1,000 worth of bitcoin over any other forms of financial assets,...
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Venezuela announces cryptocurrency backed by oil and gold reserves

The Venezuelan cryptocurrency, petro, will be backed by tangible assets such as oil, gas, and diamond and gold reserves.
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Canadian banks consider their own bank-backed cryptocurrencies

The Canadian Central Bank recently announced that they are in the process of investigating the possibility of launching a bank-backed cryptocurrency.
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New bill makes it illegal for Americans to withhold crypto holdings

According to US Senate Bill S.1241, US citizens who do not declare their cryptocurrency holdings can be prosecuted.
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Bitcoin blockchain vulnerable to internet routing attacks "BTC-Hijack"

BTC-Hijack, is Bitcoin's team in charge of examining potential threats to the Bitcoin network. The group’s main focus is studying how the network gets affected by internet routing attacks and malicious internet service providers (ISP). Their website has revealed that there are two major threats facing...
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Bitfinex and Tether respond to mismanagement claims

Following several months of silence, Bitfinex and Tether have finally responded to mismanagement accusations via Media Blitz.
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IOTA plans automated data market place for IoT devices

The cryptocurrency is working with several device manufacturers to create a platform where devices can automatically buy their required data.
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Seoul government uses Samsung SDS for city-wide blockchain deployment

The project is a part of the government’s plan to implement Blockchain technology across the entire municipal administration of Seoul over the next four years. The application will be focused on the city’s welfare, transportation affairs, traffic, and public safety, among other municipal matters.
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Another victory for Ripple?

Michael Arrington, founder of Techcrunch and a former VC of CrunchFund, announced that he will be forming $100 million cryptocurrency hedge fund. Arrington announced that the hedge fund will be using XRP, the currency of Ripple network to buy different cryptocurrency assets.
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