Cryptocurrency News
Australia’s journey to becoming a blockchain hub has continued to gather pace. In its latest venture, tech giant IBM and Australian law firm Herbert Smith Freehills have joined forces to form a blockchain consortium with the Commonwealth Scientific and Industrial Research Organization (CSIRO). The initiative intends to create the first […]
In an ongoing onslaught on the once-booming Chinese cryptocurrency industry, China’s Guangzhou Development District government has prohibited all physical venues from hosting digital currency-related promotions or events. Guangzhou Development District, which is one of China’s special economic zones, reportedly issued a circular to all local business on August 24 outlawing […]
University College Oxford has become the latest institution to establish a blockchain research facility. The university will now have an ultra-modern research center explicitly designed to research blockchain technology. The initiative will be spearheaded by the university’s cryptography expert, Professor Bill Roscoe, who has been researching automated verification and cryptography […]
2018 seems to be a year of mainstream cryptocurrency adoption, as Yahoo Finance has joined the party by integrating buy and sell options for three cryptos. Yahoo Finance users can now buy and sell Bitcoin, Ethereum and Litecoin through the site’s portal. The three digital assets are currently ranked first, […]
California’s state legislature has passed a bill which aims to form a working group on blockchain technology. According to the bill, the primary role of the working group will be to find out how blockchain can be introduced and used in government, schools, and other public institutions. It will also […]
Filecoin intends to launch its decentralized storage mainnet in mid-2019, the company revealed in its Q1 and Q2 update on August 28. The mainnet launch will be preceded by the launch of the first public Filecoin testnet slated for Q4 2018 during which the go-filecoin nodes will be tested vigorously […]
Alternative asset custodian Kingdom Trust has announced that it has secured insurance for digital assets held on its custody platform. The assets will be insured on one of the world’s most respected insurance marketplaces, Lloyd’s of London, in what is its pioneer crypto-focused product. Making the announcement, Kingdom Trust described […]
Randi Zuckerberg, the sister of Facebook founder Mark Zuckerberg, is one of eight industry experts that have joined the Huobi cryptocurrency exchange in an advisory role. Zuckerberg worked at Facebook for more than six years where she served as a spokesperson as well as a marketing director. She later left […]
After being engaged in a bitter legal fight with the country’s crypto operators, the Reserve Bank of India is reportedly setting up a new unit that will monitor emerging technologies such as blockchain, cryptocurrencies and artificial intelligence. The unit will lead the RBI’s efforts to stay ahead in the fast-evolving […]
Iran’s national cryptocurrency will be backed by the country’s fiat currency, the rial, and will be distributed in two phases, first as an interbank token and secondly for retail payments. These are some of the features of the digital currency that were revealed by the Informatics Services Corporation (ISC), an […]
A decade ago, blockchain technology was only spoken of in nerd circles and online tech forums. Ten years later, the industry has grown by leaps and bounds, and educational institutions are making earnest efforts to keep up. According to a recent study by Coinbase, 42 percent of the top 5 […]
Mining and network effects affect the price of Bitcoin, but according to Tom Lee, the biggest determinant of Bitcoin’s price movement is the emerging markets. In a recent interview, the Bitcoin researcher from Fundstrat Global Advisors stated that the economic factors at play in emerging markets have had the biggest […]
Indiegogo is a pioneer in the crowdfunding industry, having been one of the first sites to offer the service a decade ago. The company is now turning to the increasingly popular ICO model to raise funds for an upscale resort located in Colorado. The ICO will, however, differ from many […]
The U.S. Securities and Exchange Commission has rejected applications from three applicants for nine Bitcoin exchange-traded funds (ETFs). The agency disapproved five leveraged and inverse ETFs from Direxion, one from GraniteShares, and another two from ProShares which would have tracked Bitcoin futures contracts. The rejections came only a day ahead […]
A New York judge has issued a court order permanently banning a New York-based crypto promoter whose firm was accused of defrauding investors and failing to deliver on its promises. In his ruling, Judge Jack Weinstein stated that the crypto firm, CabbageTech Corp., had defrauded investors using false statements, and […]
The number of blockchain startups springing up every other day is incredibly huge. While this is good for consumers and signifies the great growth the industry has undergone in recent years, it leaves founders with a mammoth of a task in marketing their startups. Competition is stiff both from established […]
A 21-year-old Bitcoin dealer from California has been indicted on several counts of crime which include money laundering and operating an unregistered money transmitting business. Jacob Burrell Campos was ordered held without bail on August 17 after investigations by the US Department of Justice reportedly unearthed a thriving underground Bitcoin […]
The city of Dubai is globally renowned for its residents’ luxurious lifestyle. The ultramodern architecture, mega shopping malls, and lively nightlife are just a few of the things that make it stand out. Even the cops in Dubai live in luxury, with their fleet of squad cars consisting of Bentleys, […]