Tether Has Yanked $610 Million out of Circulation this Month

Tether Has Yanked $610 Million out of Circulation this Month

Tether Limited, issuer of the dollar-pegged cryptocurrency tether (USDT), has yanked nearly a quarter of the controversial stablecoin’s market cap out of circulation since the beginning of October. On Wednesday, cryptocurrency exchange Bitfinex sent another 50 million USDT to the Tether Treasury, marking the sixth time this month that the company — which shares a… Continue reading Tether Has Yanked $610 Million out of Circulation this Month

Slain Bitcoin Investor Was Cashing out to Buy an Apartment

Slain Bitcoin Investor Was Cashing out to Buy an Apartment

The Norwegian cryptocurrency investor who earlier this week was brutally murdered following a cash-for-bitcoin exchange was reportedly liquidating his holdings so that he could buy his own apartment. CCN reported yesterday that the 24-year-old investor had been stabbed to death in his apartment on Monday morning, sometime between 7:50 am and 12:10 pm, when one… Continue reading Slain Bitcoin Investor Was Cashing out to Buy an Apartment

Bitcoin Price Not Correlated to Futures Expiration Dates: Research

Bitcoin Price Not Correlated to Futures Expiration Dates: Research

The common idea that the bitcoin price drops just before the cryptocurrency futures contracts expire has no solid basis, a new study published by Cindicator suggests. The report, titled Bitcoin Futures: Market Evolution, studied bitcoin volumes on futures and spot cryptocurrency exchanges to get an idea about the liquidity and development of the holistic trading market.… Continue reading Bitcoin Price Not Correlated to Futures Expiration Dates: Research

Cryptocurrency Fever is Starting to Fade: Russian Central Bank

Cryptocurrency Fever is Starting to Fade: Russian Central Bank

Elvira Nabiullina, the head of the Central Bank of the Russian Federation, claimed that investors’ excitement toward cryptocurrency has begun to cool. Her remarks came at the FINOPOLIS innovative financial technology forum. Cryptocurrency Fever ‘Beginning to Disappear’ The famed Russian economist and former economic advisor to the Russian President Vladimir Putin represented businesses’ point of view… Continue reading Cryptocurrency Fever is Starting to Fade: Russian Central Bank

Bitfinex Struggles With Banks, Why Are Other Crypto Exchanges Fine?

Bitfinex Struggles With Banks, Why Are Other Crypto Exchanges Fine?

On October 6, major bitcoin exchange Bitfinex obtained banking services from HSBC with a private account held by a Hong Kong corporation. Less than two weeks after establishing HSBC as its primary bank to handle deposits and withdrawals, Bitfinex has moved to Bank of Communications, the fifth-largest bank in mainland China and Hong Kong, according… Continue reading Bitfinex Struggles With Banks, Why Are Other Crypto Exchanges Fine?

Monero Forks: Bulletproofs Integration Kicks off New Era of Privacy, Speed

Monero Forks: Bulletproofs Integration Kicks off New Era of Privacy, Speed

Monero (XMR) forked successfully earlier today, and the network has seen no major hiccups so far. This release is unlike the usual ones that try to keep up with deterring ASIC miners. The release, called “Monero 0.13.0 “Beryllium Bullet,” includes a significant overhaul of the network’s protocol through the introduction of bulletproofs. Bulletproofs Explained The… Continue reading Monero Forks: Bulletproofs Integration Kicks off New Era of Privacy, Speed

Cryptocurrency Lender Sees ‘Meaningful’ Bump in Institutional Borrowing

Cryptocurrency Lender Sees ‘Meaningful’ Bump in Institutional Borrowing

As institutional investors wade increasingly further into the cryptocurrency ecosystem, they are contributing to a significant bump in demand for cryptocurrency lending services. Institutional Crypto Lending Tops $550 Million That’s according to the Q3 Digital Asset Lending Snapshot from Genesis Capital, who in March launched the cryptocurrency industry’s first institutional lending business. Since the service’s… Continue reading Cryptocurrency Lender Sees ‘Meaningful’ Bump in Institutional Borrowing

Goldman Sachs Headlines $59 Mln Funding Round in Crypto Startup BitGo

Goldman Sachs Headlines $59 Mln Funding Round in Crypto Startup BitGo

Wall Street banking giant Goldman Sachs has put another stake in the ground of the burgeoning cryptocurrency industry, headlining a $58.5 million Series B funding round in digital asset custodian BitGo. Goldman, Novogratz Invest $15 Million in BitGo Announced on Thursday, the Series B round raises the Silicon Valley-based bitcoin startup’s total fundraising to approximately… Continue reading Goldman Sachs Headlines $59 Mln Funding Round in Crypto Startup BitGo

Did Tron Mislead Investors by Claiming Partnership With Baidu?

Did Tron Mislead Investors by Claiming Partnership With Baidu?

On October 15, a trusted cryptocurrency source in China reported that the partnership Tron secured with Baidu was not really a partnership. CnLedger reported that according to local publications, Tron acquired the services of Baidu to launch, build, operate, and debug blockchain-based products on Baidu Cloud. “The ‘partnership’ between Baidu and Tron is basically about… Continue reading Did Tron Mislead Investors by Claiming Partnership With Baidu?

Malta: Two-thirds of cryptocurrencers fail multiple-choice licensing exam

Malta: Two-thirds of cryptocurrencers fail multiple-choice licensing exam

Malta is fast becoming an international hot-spot for blockchain entrepreneurs, but reports have indicated two-thirds of applicants failed the licensing exam for operating cryptocurrency-related businesses. The shitty pass rates come even after Malta’s Institute of Financial Service Practitioners made last-minute changes to the marking scheme to boost the number of licenses it could award, Times… Continue reading Malta: Two-thirds of cryptocurrencers fail multiple-choice licensing exam

Major [Shuttered] Indian Exchange Zebpay Moves to Malta after Central Bank Blockade

Major [Shuttered] Indian Exchange Zebpay Moves to Malta after Central Bank Blockade

The harsh cryptocurrency regulatory climate in India has turned out to be a gift for the self-styled blockchain island of Malta as one of the cryptocurrency exchanges that recently shut down in the world’s second-most populous country has decided to move operations there. First reported by Quartz, Zebpay, one of the biggest exchanges in India,… Continue reading Major [Shuttered] Indian Exchange Zebpay Moves to Malta after Central Bank Blockade

India’s largest Bitcoin exchange moves to Malta to escape regulation

India’s largest Bitcoin exchange moves to Malta to escape regulation

Zebpay, once India’s largest cryptocurrency exchange, is moving operations to Malta after having shut shop on its home turf last month. The exchange, which currently supports 20 cryptocurrencies, will serve users in 20 countries across Europe: Malta Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Finland France Germany Greece Hungary Ireland Italy Latvia Netherlands Poland Portugal… Continue reading India’s largest Bitcoin exchange moves to Malta to escape regulation

Top UK security firm to offer vaulted cryptocurrency storage

Top UK security firm to offer vaulted cryptocurrency storage

With over $1 billion worth of cryptocurrency being stolen since 2017, British security services firm G4S is taking it upon itself to try and make the wild west of cryptocurrency a little less wild. The FTSE 250 listed firm is perhaps best known for providing security personnel, prisoner transport, and high-value money transport in around… Continue reading Top UK security firm to offer vaulted cryptocurrency storage

Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’

Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’

Chesnot | Getty Images Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin. When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. They bought more coins. The… Continue reading Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’

Emma, the money management app, rolls out cryptocurrency support

Emma, the money management app, rolls out cryptocurrency support

Emma, the U.K. money management app (or self-described “financial advocate”), is launching a cryptocurrency feature by integrating with a plethora of exchanges so that you can easily track your cryptocurrency balances. The idea is that a modern PFM type app should support cryptocurrency if it wants to provide insights into a user’s whole financial life,… Continue reading Emma, the money management app, rolls out cryptocurrency support

Cryptocurrency wallet startup Cobo raises $13M Series A to enter the U.S. and Southeast Asia

Cryptocurrency wallet startup Cobo raises $13M Series A to enter the U.S. and Southeast Asia

Cobo, a cryptocurrency wallet startup headquartered in Beijing, has raised a $13 million Series A to enter new international markets. The round was led by DHVC and Wu Capital, a family office based in China. Cobo plans to expand in the United States and Southeast Asia, in particular Vietnam and Indonesia. Cobo is also now… Continue reading Cryptocurrency wallet startup Cobo raises $13M Series A to enter the U.S. and Southeast Asia

Bitcoin Has Hit the Bottom: Why it is Unlikely to Fall Below $6,000

Bitcoin Has Hit the Bottom: Why it is Unlikely to Fall Below $6,000

After rising to $6,700 on fiat-to-crypto exchanges and achieving $7,700 on Bitfinex, Bitcoin has stabilized at $6,500. Over the past 48 hours, the volume of Bitcoin has risen from $3.2 billion to $7 billion at its peak, but has since dropped to $4 billion. In a two-day period, BTC has shown a 25 percent increase… Continue reading Bitcoin Has Hit the Bottom: Why it is Unlikely to Fall Below $6,000

Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’

NEW YORK (Reuters) – When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. FILE PHOTO: Giant electronic billboards display adverts for crypto currency investment companies as commuters… Continue reading Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’

Debunked: How Roubini Failed to Attack Crypto with Cherrypicked Data

Debunked: How Roubini Failed to Attack Crypto with Cherrypicked Data

Recognized economist Nouriel Roubini, a professor at Stern School and NYU, recently launched a series of attacks against the crypto sector. All of the False Claims Roubini Made He claimed Bitcoin is a Ponzi scheme, Ethereum co-creator Vitalik Buterin amassed a wealth of a billion dollars by creating a pre-mined blockchain network, and said public… Continue reading Debunked: How Roubini Failed to Attack Crypto with Cherrypicked Data

0x Surges 30% After Coinbase Listing, Which Crypto is Next?

0x Surges 30% After Coinbase Listing, Which Crypto is Next?

0x (ZRX), better known as the 0x protocol, experienced a 30 percent increase in value within mere minutes after Coinbase, the world’s largest crypto brokerage, officially integrated ZRX. In an official announcement, Dan Romero, Coinbase vice president and Coinbase Consumer general manager, wrote: “Starting today, Coinbase supports ZRX at Coinbase.com and in the Coinbase Android… Continue reading 0x Surges 30% After Coinbase Listing, Which Crypto is Next?

BitMEX Takes Aim at Bitcoin Core, Will Launch Competing Software Client

BitMEX Takes Aim at Bitcoin Core, Will Launch Competing Software Client

The research arm of cryptocurrency trading platform BitMEX has announced that it will launch its own Bitcoin software client to compete with reference implementation and industry standard Bitcoin Core. Unveiled this week in a lengthy post discussing the merits of competing software clients, BitMEX Research said that it chose to release its own BTC client… Continue reading BitMEX Takes Aim at Bitcoin Core, Will Launch Competing Software Client