Cryptocurrency News
LG’s telecom subsidiary, LG Uplus, has signed a memorandum of understanding that will see it offer its users blockchain-based international payments. The service will begin trial early next year and will enable users to make payments in Japan and Taiwan, the first such product by a Korean telecoms operator. The […]
Bitcoin has succeeded as an asset but has failed terribly as a currency. It has only gained traction within a very small niche following, lacking any use in real-world transactions. It only handles a very small number of transactions compared to its competitors like Visa, all while consuming large amounts […]
It hasn’t been the best month for cryptocurrencies, with the market shedding as much as $50 billion in the first two weeks of September alone. For some like Ethereum, the month has been outright brutal, with the most valuable altcoin registering its lowest price of the year at just over […]
Morgan Stanley has become the latest Wall Street firm to venture into Bitcoin trading, with reports emerging that the investment bank intends to offer its clients derivatives tied to the crypto. Citing a source with knowledge on the matter, Bloomberg reported today, September 13 that the bank has already set […]
After years of waiting for the government to put in place regulations to govern the industry, crypto and blockchain industry leaders have come together to establish a lobbying group whose goal will be to push for the implementation of these policies. Based in Washington D.C, the group brings together some […]
Has the blockchain and cryptocurrency industry hit a glass ceiling? Are the days of unprecedented overnight growth for startups in the industry behind us? This is something not even two of the biggest names in the crypto industry can see eye to eye on. Just two days ago, Ethereum’s co-founder […]
Tyler and Cameron Winklevoss have received the regulatory approval required to issue their stablecoin, Forbes reported on Monday, September 10. The new stablecoin is known as the Gemini Dollar and is developed on the Ethereum blockchain. The Winklevoss twins will issue the stablecoin through their Gemini Trust Company, with each […]
Remember when crypto skeptics said that cryptos would replace fiat currencies as the preferred funding method for terrorists? It turns out they were wrong, at least for now. According to witnesses who testified before the U.S Congress Subcommittee on Terrorism and Illicit Finance, crypto hasn’t taken root as the go-to […]
If you can’t beat them join them. For one digital remittances solutions provider, this held true. TransferGo announced on September 5 that it had launched a blockchain-based real-time transfer system that’s powered by Ripple. The company revealed that it had settled on Ripple’s network due to its speed of execution […]
Coinbase has been progressively making inroads into the U.K market as it seeks to become a market leader in the lucrative market. The San Francisco-based crypto exchange announced on Wednesday, September 5 that it would begin to support four more British pounds (GBP) trading pairs for its U.K users. The […]
UPDATE (12/16/18): The petition has gathered over 20,000 signatures. If you have been buying or selling on Amazon, then you are probably aware that for a long time, the world’s number one online retailer has maintained a strong stance on the use of cryptocurrencies on its platform. This is, however, […]
UK’s Financial Conduct Authority (FCA) has issued a stern warning to two Bitcoin investment firms; Local Bitcoin and BK Coin, two companies that are alleged to be owned and operated by the same group. According to the FCA, the two cryptocurrency firms were offering crypto investment services without authorization. Although […]
Binance is looking at Africa as the next frontier of growth, an executive at the world’s largest crypto exchange by daily trading volume has revealed. Benjamin Rameau, the Director of Binance Labs revealed the company’s reasons behind setting out to conquer Africa, with the relative underdevelopment in the continent and […]
Russian police officers have seized 22 Bitcoin automated teller machines (ATMs) which were installed in shopping malls, stores and restaurants across 9 towns. According to local media reports, the seizure order was given by the Central Bank of Russia (CBR) through the office of the Prosecutor General. Primary reasons for […]
The Taipei Medical University Hospital has become the latest in an increasing number of medical institutions to implement blockchain technology for improved storage of medical records. According to a local media outlet Taipei Times, more than 100 community-based health centers collaborated on the project with the aim of giving patients […]
Square Inc., a mobile payment processing startup founded and run by Twitter CEO Jack Dorsey, has hit another milestone by winning a U.S. patent for a digital currency payment network. The license will allow merchants to accept both fiat and cryptocurrency payments and then cash out in any currency of […]
Japan’s National Police Agency (NPA) intends to introduce tracking software for cryptocurrency transactions as it strives to curb the use of cryptos in illegal transactions, a local media outlet recently reported. The software was necessitated by increased instances of crypto use in illicit transactions in what has become one of […]
The technology industry has not been the friendliest to women, and while measures such as affirmative action have been enforced in recent years, not much has changed. According to a study conducted in March of this year, the proportion of women working in tech for Uber, Google and Microsoft stands […]