Cryptocurrency News
The blockchain arms race has continued to gather pace as titans in the finance and technology industries strive to stay ahead of their competition by developing cutting-edge blockchain solutions. The latest companies to apply for blockchain patents are technology powerhouse IBM; the leading US crypto exchange, Coinbase; and financial services […]
Blockchain technology could be a godsend for the commodities trading industry. Transparency between market participants, real-time tracking of goods, and the possibility of proactive regulation are among the benefits that make the blockchain a perfect fit for the industry. However, according to a report compiled by the Boston Consulting Group, […]
Crypto prices have risen to dizzying heights and then gone through bearish times over the years. Traders have made millions of dollars and others have lost just as much. Some institutions have hailed cryptos as the next big thing while others have banished them, terming them bubbles and scams. However, […]
Ripple is targeting the Chinese market with its blockchain products, a top executive has revealed. The company has been partnering with many banks and payment processors around the world, but surprisingly, it has only partnered with one Chinese payment processor. The Chinese market is dominated by Alibaba and Tencent, with […]
Coinbase has announced the acquisition of Distributed Systems, a decentralized identity solutions provider. In a blog post announcing the acquisition, the San Francisco-based crypto exchange described it as strategic in Coinbase’s bid to bring cryptos into the mainstream. The five engineers working at Distributed Systems will join the Coinbase team […]
Pantera Capital has raised $71.4 million for its third crypto venture fund, a filing with the US Securities and Exchange Commission has revealed. The filing, which was submitted on August 15, indicated that Pantera received money from 90 investors for the new fund. This is its third crypto-focused fund and […]
Bill Harris has made clear his view on cryptos several times. The former PayPal CEO has in the past described Bitcoin as the ‘greatest scam in history’ and a massive ‘pump and dump scheme.’ Harris recently reiterated his stand, further claiming that all the praise that Bitcoin has been receiving […]
Staff at three Thai banks and an investor in the Stock Exchange of Thailand (SET) are among the people implicated in a mega bitcoin scandal, local media reported on August 16. According to the Thai police, several bank employees failed to report huge transfers to the country’s Anti-Money Laundering Office, […]
LINE Corporation has announced the addition of Tron’s TRX to its BITBOX cryptocurrency exchange. BITBOX was announced by the company in June and opened its doors in July to global clientele, with the exception of those in the US and Japan. TRX becomes the first crypto to be approved for […]
The crypto industry has experienced six big bubbles to date, with each being ‘more epic’ than the previous one. Each of these bubbles has brought more interest from developers and investors. This is according to Ethereum co-founder Joseph Lubin, who is also the founder of ConsenSys. In a recent interview, […]
Real-world adoption of cryptos is steadily rising, but they are still a long way from becoming a mainstream payment method. Brian Armstrong, the CEO of Coinbase, believes that cryptos and blockchain technology are at the same stage that the internet was at in the early 2000s and that despite the […]
The crypto market has experienced a bloodbath for the past two weeks, with Bitcoin losing over 70 percent of its value since it peaked at over $19,900 in December. The king of cryptos was trading at just above $6,500 at press time, having gained over $500 in the previous 24 […]
Goldman Sachs and Nyca Partners are among the investors in enterprise blockchain technology startup Axoni. The startup raised $32 million in a Series B funding round, bringing the total funding raised to $55 million. Making the announcement via a press release, Axoni stated that it would use the funds raised […]
The Jamaica Stock Exchange has announced that it has partnered with Blockstation to enable the trading of crypto assets within “a recognized and secure regulatory framework.” The JSE revealed that it had completed a live workshop with an initial group of five members as well as a beta test with […]
South Korea will invest heavily in emerging technologies in 2019, one of which is blockchain technology. The move was announced by the country’s Finance Minister, Kim Dong-yeon, during a recent cabinet meeting. As part of its plan to spearhead innovative growth, the government will invest $4.4 billion in eight sectors […]
When John McAfee described the Bitfi crypto wallet as unhackable, it quickly drew many people’s attention. For users in constant fear of having their crypto assets stolen by cybercriminals, it was reassurance. For computer experts, however, McAfee’s proclamation was taken as a challenge. Less than two months later, a number […]
The Commonwealth Bank of Australia (CBA) has been mandated by the World Bank to issue the world’s first bond created, allocated and managed on the blockchain. Once issued, the bond will be managed by the World Bank in Washington and CBA in Sydney over a private Ethereum-based blockchain, with CBA […]
The US Financial Crimes Enforcement Network receives over 1,500 suspicious activity reports (SARs) related to cryptocurrencies, the agency’s director has revealed. The majority of them come from money service businesses (MSBs), stakeholders in the digital currency industry and other financial institutions. The director also noted that the agency has been […]