Ed Drake
articles by Ed Drake
Editorial 4 hours ago
Is ABC’s end game plan to help China sideline Bitcoin?
Much has been said about the recent Bitcoin Cash (BCH) hash war, and its conclusion—with the ABC camp declaring premature victory thanks to an artificial burst from “rented” hash power—has brought forth even more questions ...
Business 4 hours ago
Boerse Stuttgart to launch crypto trading venue in 2019
Boerse Stuttgart, the firm behind the Stuttgart Stock Exchange, is to launch a crypto trading market in 2019, in partnership with solarisBank. According to a statement published by the exchange, Germany’s second largest, Boerse Stuttgart ...
Business 5 hours ago
Basis stablecoin folds, will return $133M in investments
Basis, the heavily funded stablecoin, has confirmed rumors that it is to close, returning all of the funds to investors. The project, which had gained significant traction, was shuttered due to the unfavorable legal landscape, ...
Business 1 day ago
UK crypto exchange CEX.IO makes KYC mandatory
UK-based cryptocurrency exchange CEX.IO is now requiring all new customers to undergo a mandatory verification process, as part of enhanced anti-money laundering processes. Announced via a press release published by the firm, the London-based exchange ...
Business 1 day ago
What’s in a name? Blockchain Terminal ICO fraudster allegedly has ‘two identities’
The promoter behind the Blockchain Terminal (BCT) initial coin offering (ICO) has been unveiled as a disgraced Canadian fraudster who had adopted a fake persona, in an elaborate scheme that fooled employees as well as ...
Tech 2 days ago
PayPal rolls out blockchain rewards scheme for staff
Payments giant PayPal has become the latest company to deploy blockchain technology, in this case as a means of delivering a new incentive platform for the company’s employees, financial news outlet Cheddar reported. Launched in ...
Business 2 days ago
Opposition lawmaker eyes tax policy overhaul for Japan’s crypto market
A Japanese lawmaker has proposed a set of changes to the taxation of virtual currency transactions designed to remove the current barriers to growing trading volumes in Japan. The move is seen as the result ...
Business 1 week ago
‘Unauthorized’ crypto service draws ire of Italian, Maltese regulators
The chief financial regulator in Italy, the Commissione Nazionale per le Società e la Borsa (CONSOB), has issued a cease and desist order to SolutionsCM Ltd. over an alleged breach of Italian securities laws. The ...
Business 1 week ago
Reserve Bank of South Africa launches crypto law consultation
The National Treasury and The Reserve Bank of South Africa have published a consultation document on overhauling national payment systems, in a move that could pave the way for greater integration of cryptocurrencies in the ...
Business 1 week ago
New York approves blockchain-based ‘real-time’ digital payment service
The New York Department of Financial Services (NYDFS) has granted virtual currency approval to commercial banking transactions, authorizing a new system from Signature Bank which will allow corporate customers to make bank payments in a ...
Tech 1 week ago
Vertcoin loses over $100,000 in 51% attack: report
Vertcoin (VTC) has fallen prey to a 51% attack, with some estimates suggesting losses have already surpassed $100,000 as a result of double spend transactions on the chain. It is the latest example of a ...
Interviews 1 week ago
Dr. Craig Wright engages in philosophical discussion about ‘hidden math’ of Bitcoin
Controversial Bitcoin visionary Dr. Craig Wright recently discussed the mathematical and biological models behind the Bitcoin protocol, in a talk on the philosophy behind Bitcoin released this week. The chief scientist at nChain, Dr. Wright ...
Tech 1 week ago
Homeland Security wants a look at activities on private blockchains
The U.S. Department of Homeland Security (DHS) has become the latest arm of government to take an interest in blockchain, this time with a view to develop forensic analysis tools for analysing blockchain transactions. The ...
Tech 2 weeks ago
Botnets increasingly used for crypto mining malware, Kaspersky says
Botnets are being repurposed to distribute crypto mining malware, using victim’s processing power and energy resources to mine for cryptocurrency, according to security experts at Kaspersky Labs. The findings from cybersecurity company Kaspersky Labs identifies ...
Business 2 weeks ago
Steemit restructures with 70% job losses, citing crypto slowdown
Decentralised publishing and content distribution platform Steemit has become the latest blockchain company to feel the heat, as the slowdown in legacy cryptocurrency markets continues to bite. According to a statement from the firm, as ...
Business 2 weeks ago
Texas securities issues cease and desist as ICO crackdown continues
The Texas Securities Commissioner has issued an emergency cease and desist order against My Crypto Mine and Mark Royer, an individual involved with the company, in the latest wave of enforcement action against illegal initial ...
Tech 2 weeks ago
‘No longer sound money’: Developer Unwriter slams ABC’s ‘self-inflicted scars’
"What is wrong with Bitcoin ABC?" Let Unwriter break it down for you. The prolific developer, who was behind a number of the useful infrastructure projects in the Bitcoin Cash ecosystem, recently shared his thoughts ...
Business 2 weeks ago
Trustee wants deadline extension for Mt. Gox civil claims
The trustee of the defunct Mt. Gox exchange has asked for an extension to the deadline for civil rehabilitation claims, which could allow for claims to be filed up to December. Nobuaki Kobayashi has disclosed ...
Business 2 weeks ago
Nasdaq defies plummeting prices to push ahead with crypto futures in 2019
Stock exchange firm Nasdaq will reportedly continue with plans that will see them launch BTC futures in 2019 despite the ongoing price slide, according to sources close to the company. The decision puts Nasdaq at ...
Tech 3 weeks ago
Wormhole apparently launching on Bitcoin SV ‘soon’
“For the good of the coin.” When Wormhole.cash launched in August, it promised to be a game changer that would allow any group or person to create a token that could represent bonds, stocks, loyalty ...
Business 3 weeks ago
Fresh Bitcoin Cash insider trading suit vs Coinbase goes to court
An amended class action lawsuit alleging insider trading at cryptocurrency wallet and exchange service Coinbase will go to court, after an initial application to the courts was turned down on a legal technicality. The decision, ...
Tech 3 weeks ago
Norway scraps power subsidies for crypto miners
Norway has scrapped a subsidy granted to cryptocurrency miners in the country, which could result in spiraling energy costs for operators the sector. As reported by local news outlet Aftenposten, crypto mining companies will be ...
Business 3 weeks ago
Colorado securities comes after new batch of alleged fraud ICOs
Regulators in Colorado are closing in on as many as 20 initial coin offerings (ICOs) following investigations into the practice, according to a press release issued by the state Division of Securities. Commissioner Gerald Rome ...
Business 3 weeks ago
Heavily indebted crypto mining firm Giga Watt declares bankruptcy
U.S.-based crypto mining company Giga Watt has declared bankruptcy, with debts amounting to millions still outstanding to their creditors, according to a filing before a district court in New York. CoinDesk first reported that the ...
Business 3 weeks ago
North Dakota securities chief clamps down on ‘fraudulent’ Union Bank Coin
The North Dakota Securities Commissioner has issued a cease and desist order against Union Bank Payment Coin, over suggestions it had been promoting fraudulent securities in the form of its recent initial coin offering (ICO). ...
Business 3 weeks ago
To prevent tax fraud, Spain will keep an eye on 15,000 crypto investors
The Spanish Ministry of Finance is to inspect some 15,000 individuals who have engaged in cryptocurrency transactions over the last year, Spanish-language news outlet El Pais reported. The announcement follows on from the introduction of ...
Business 4 weeks ago
Ohio lawmaker eyes bill allowing ICOs to ‘sidestep’ securities laws
A congressman in Ohio is preparing a bill that will regulate initial coin offerings (ICOs) in the same way as any other product as a means of “sidestepping” U.S. securities laws, according to a Washington ...
Business 4 weeks ago
Crypto miner Canaan’s $400M IPO application in Hong Kong expires
The application from cryptocurrency mining equipment manufacturer Canaan for an initial public offering (IPO) in Hong Kong has lapsed, Reuters reported. Six months ago, Canaan filed an application to debut in Hong Kong, seeking $400 ...
Business 4 weeks ago
Avoid unlicensed crypto exchanges, Thai SEC tells public
The chief financial regulator of Thailand has warned investors to avoid the unregulated Q Exchange, following an order issued to the firm to stop advertising on account of a lack of a sufficient license. The ...
Business 4 weeks ago
Tokyo police arrest 8 linked to $68M crypto pyramid scheme
Police in Tokyo have arrested eight individuals in connection with a BTC pyramid scheme alleged to have swindled as much as $68.4 million from its victims, according to local press reports. According to the Asahi ...
Business 1 month ago
Crypto fraud scheme lands US trader in jail, plus $1.1M in fines
Regulators around the world have been keeping busy in recent months with the sheer volume of enforcement actions against rogue initial coin offerings (ICOs) and crypto scammers. In the United States, the Commodity Futures Trading ...
Business 1 month ago
Iran’s answer to SWIFT removal? A state-issued cryptocurrency
Iran is accelerating the plans for a national cryptocurrency in response to U.S. sanctions which could otherwise threaten international settlements, according to reports emerging this week. After the Central Bank of Iran was ejected from ...
Business 1 month ago
‘Not recommended’: Bank of Israel publishes report on central bank crypto
The Bank of Israel (BOI) has published its findings following an investigation into the feasibility of issuing digital currency, and whether blockchain technology should be integrated into central payment systems. After devoting a team of ...
Business 1 month ago
EtherDelta founder faces raps over unregistered securities exchange
The U.S. Securities and Exchange Commission (SEC) has charged the founder of crypto trading platform EtherDelta with running an unregistered securities exchange, in the latest example of the regulator taking direct enforcement action against those ...
Tech 1 month ago
Salesforce new patent kills email spam with blockchain
San Francisco-based B2B software company Salesforce has been awarded a patent for a blockchain application aimed specifically at spam email. The blockchain platform will filter spam emails more effectively than existing spam filters, by matching ...
Tech 1 month ago
Hackers exploit StatCounter analytics, targeting crypto exchange Gate.io
Hackers strike again—this time with popular analytics script StatCounter, in an attack that researchers say was an attempt to target a specific cryptocurrency exchange. Researchers at ESET documented how they uncovered the hack, and how ...
Tech 1 month ago
Thai revenue department turns to blockchain for tackling tax avoidance
The revenue department in Thailand has become the latest government body to turn to blockchain technology, after it announced plans for tackling tax avoidance and investigating fraud. As reported in the Bangkok Post, the department’s ...
Business 1 month ago
Crypto Bulls launches first UAE-registered crypto exchange
Dubai is set for the launch of a new cryptocurrency exchange, according to reports in local media. The first of its kind in United Arab Emirates (UAE), the new exchange is being hailed as a ...
Business 1 month ago
Crypto ATM firm Coinsource secures New York’s BitLicense
The world’s largest crypto ATM company Coinsource has become the latest firm to secure a coveted virtual currency license in New York, after winning the approval of regulators at the New York Department of Financial ...
Business 1 month ago
Hong Kong rolls out regulatory standards for crypto exchanges, funds
The Hong Kong Securities and Futures Commission (SFC) published a statement detailing the new regulatory standards set to come into effect for cryptocurrency investors and businesses. Concluding a process that began with draft proposals in ...
Tech 1 month ago
Bank of America secures yet another patent, this time for storing private keys
Bank of America has secured its latest cryptocurrency patent, in the form of a hardware device designed to securely store cryptographic keys offline. Awarded by the U.S. Patent and Trademark Office this week, the patent ...
Business 1 month ago
‘No issue’: South Korean banks cleared to work with crypto companies
There are no compliance issues that should prevent South Korean banks from providing virtual bank accounts to cryptocurrency exchanges and business in the country, according to the finance minister, clarifying a legal grey area that ...
Business 1 month ago
Stablecoins are not cryptocurrencies, Japan’s FSA confirms
Japan’s chief financial regulator, the Financial Services Agency (FSA), has said that stablecoins are not virtual currencies under the definition provided in the Payment Services Act, in a statement that could have profound effects on ...
Business 1 month ago
Coinbase eyes adding ‘hundreds’ of cryptos after closing new $300M round
Crypto exchange and wallet service Coinbase has raised $300 million through its Series E funding round, designed to provide more capital to power its mission to “accelerate the adoption of cryptocurrencies.” As part of the ...
Business 2 months ago
Spain passes new crypto asset declaration law for citizens
A new law approved by Spain’s Council of Ministers will oblige private citizens to declare their cryptocurrency holdings, in a landmark development for crypto regulation. As part of new anti-fraud measures presented by Finance Minister ...
Business 2 months ago
‘Dubious’ crypto platform claims to be holding Malta license
Malta’s financial watchdog has issued a warning to investors after it uncovered a cryptocurrency trading platform falsely claiming to be licensed in the jurisdiction, the latest BTC scam of its kind to target unsuspecting investors. ...
Business 2 months ago
Draft bill seeks ‘tax holiday’ for crypto companies in Ukraine
A bill proposed by lawmakers in Ukraine could see the country’s fledgling cryptocurrency sector benefit from a “tax holiday,” as part of a package of measures designed to foster the development of the sector there. ...
Business 2 months ago
Crypto exchange group in Japan gains legal powers to self-regulate
A cryptocurrency exchange association has been given the green light by regulators in Japan to become a self-regulating body for the sector. On Wednesday, the Financial Services Agency (FSA) announced that the Japanese Virtual Currency ...
Business 2 months ago
Singapore gov’t-owned venture firm makes ‘strategic investment’ in Binance
The Vertex Ventures network has announced a “strategic investment” in Binance, as part of a wider deal that will result in the creation of Binance Singapore. Binance, the world’s largest cryptocurrency exchange by daily trading ...
Business 2 months ago
Genesis Global lends $553M in crypto in 6 months
U.S.-based cryptocurrency lender Genesis Global Trading has released its third quarter figures, concluding an impressive first six months since the firm began lending back in March 2018. Over the period, Genesis Global loaned some $553 ...
Business 2 months ago
Deadline for Mt. Gox rehabilitation claims filing approaches
The deadline for rehabilitation claims against the collapsed crypto exchange Mt. Gox is rapidly approaching, with just days remaining for investors to recover trapped funds. The claims process first opened back in August for clients ...
Business 2 months ago
BitGo raises $59M in Goldman Sachs-led Series B funding
Investment giant Goldman Sachs has led a successful $59 million Series B funding round in crypto custodian service BitGo, in the latest example of a major Wall Street institutional investor backing the cryptocurrency sector. With ...
Tech 2 months ago
CFTC official issues warning over smart contracts, predictive code
A CFTC commissioner has warned smart contract developers that they could be held liable for blockchain functions deemed to be "predictive event contracts," in the latest sign of regulators increasing their oversight of smart contracts. ...
Business 2 months ago
Forbes-backed ICO fails to reach $8M target, investors to be refunded
The much-hyped Civil ICO has failed to reach its minimum target of $8 million, becoming only the latest ICO to fail at the first hurdle. In a highly embarrassing turn of events for the firm, ...
Tech 2 months ago
Aussie state considers blockchain tech for land registry
A land registration agency in Australia is considering blockchain for recording property transactions, in the latest example of the technology being deploying in public administration. New South Wales Land Registry Services, which operates title to ...
Tech 2 months ago
Bitcoin SV version 0.1 goes live
Leading blockchain technology research and development outfit nChain has rolled out the release candidate of the Bitcoin SV client on October 15—one month ahead of the November Bitcoin Cash (BCH) network upgrade. BCH miners and ...
Tech 2 months ago
Adult industry payment platform saves own ass after getting spanked
SpankChain, blockchain-based payment service solution for the adult industry, has disclosed the details of a hack that resulted in losses equivalent to $38,000. As a result of a broken smart contract, a hacker was able ...
Business 2 months ago
Bitfinex pulls fiat deposits amid latest crypto price freefall
Cryptocurrency exchange Bitfinex has suspended fiat deposits, apparently on a temporary basis, amid the latest significant sell-off in the BTC markets. The exchange, which operates from Hong Kong, was reported to have pulled the plug ...
Business 2 months ago
SEC wants subpoena enforced in $100M Cherubim ICO probe
The U.S. Securities and Exchange Commission (SEC) is taking steps to enforce a subpoena against an investment company and its sole trustee, over allegations of their fraudulent involvement in a $100-million initial coin offering (ICO). ...
Business 2 months ago
Indian authorities track down prolific ‘Kassh coin’ crypto scammer
Authorities in India have finally caught up with a prolific cryptocurrency scam artist, alleged to have been involved in a number of scams affecting dozens of investors in the country. In a major coup for ...
Business 2 months ago
QuadrigaCX sees over $20M frozen as Canada’s ‘banking cartel’ steps up crypto attacks
The mainstream financial world has been outwardly hostile towards cryptocurrencies for some time. Banks in Canada have exemplified this attitude in recent months, withdrawing essential banking services from cryptocurrency businesses while continuing to ratchet up ...
Business 2 months ago
FINMA issues landmark Swiss license for crypto asset management
Switzerland’s financial services regulator has issued its first license for cryptocurrency asset management, after greenlighting an application from a domestic cryptocurrency investment fund. The Swiss Financial Market Supervisory Authority granted licensing approval to Crypto Fund, ...
Business 2 months ago
Bittrex launches support for Bitcoin BCH trading in USD markets
Bittrex has added Bitcoin Cash (BCH) support to its USD fiat markets, becoming the latest in a series of major exchanges and merchants to on-board the cryptocurrency in recent weeks. In yet another vote of ...
Business 2 months ago
South Korea’s Bithumb to launch decentralized exchange
Bithumb, South Korea’s second biggest cryptocurrency exchange, has announced plans to bring forward a new decentralized exchange in the coming months, in the wake of a similar move from rival Binance. Bithumb DEX will target ...
Editorial 2 months ago
Bitmain resorts to threats over fragile IPO
Our sources tell us that Bitmain executives have promised to “disappear” anyone who crosses them inside China. While doing the background research for another Bitmain article, our sources told us of the disturbing threats, and ...
Tech 2 months ago
IBM secures blockchain network security patent
Tech giant IBM has secured a patent for a blockchain-powered network security system, the latest blockchain IP to be tied up by the firm. The patent describes how blockchain technology can be used to monitor ...
Business 2 months ago
Events platform Big Tickets expands payment options with Bitcoin BCH
Events ticketing platform Big Tickets is now accepting Bitcoin Cash (BCH) payments, following a recent integration with BitPay. Customers will now be able to use Bitcoin BCH to pay for tickets delivered through the Big ...
Events 2 months ago
CoinGeek Week now accepts credit, debit cards via Eventbrite
There’s still time to secure your seat for the upcoming CoinGeek Week Conference in London—an event that’s shaping up to be the most important Bitcoin BCH conference this fall. Even better news: Tickets to the ...
Business 2 months ago
ShapeShift hits back at ‘deceptive’ Wall Street Journal report
Erik Voorhees, the founder of ShapeShift.io, has responded robustly to claims made in the Wall Street Journal (WSJ) that he says are “factually incorrect and deceptive.” In an article entitled ‘How Dirty Money Disappears Into ...
Business 2 months ago
‘Railroaded’ debuts marking Ross Ulbricht’s 5 years behind bars
The alleged founder of dark web marketplace Silk Road has marked five years in prison, after being handed a double life sentence with no chance of parole. Ross Ulbricht began his sentence on October 1, ...
Business 3 months ago
Mastercard looking into blockchain to improve payment efficiency
Payments giant Mastercard is reported to be exploring a number of new technologies, including blockchain, as the group looks to improve the general efficiency of its payments networks. Through its Dublin-based research arm, Mastercard Labs, ...
Business 3 months ago
US court junks My Big Coin Pay’s attempt to dismiss CFTC lawsuit
The issue of whether virtual currencies can be legally deemed commodities is an important one, at least as far as the U.S. Commodity Futures Trading Commission (CFTC) is concerned. The regulator only has jurisdiction over ...
Business 3 months ago
Quppy multicurrency crypto wallet supports Bitcoin BCH
Estonia-based cryptocurrency startup Quppy has launched a cross-platform multi-currency wallet, which the firm says provides ‘pragmatic benefits’ for a range of cryptocurrency actors. From investors and traders through to miners, the wallet allows users to ...
Business 3 months ago
Circle announces new US dollar-pegged crypto, the USD Coin
Cryptocurrency wallet service and investment startup Circle has created a new cryptocurrency—the USD Coin (USDC)—which is pegged to the US dollar and backed up by physical reserves of fiat held by company. The Goldman Sachs-backed ...
Business 3 months ago
Trezor crypto wallet adds buy, trade capabilities in beta release
Hardware crypto wallet Trezor has rolled out new features that enable users to buy and exchange cryptocurrencies within their beta wallet—without the risks of leaving funds on an exchange. The Trezor wallet, which aims to ...
Business 3 months ago
Google lifts ban on crypto ads for US, Japan regulated firms
Google has unbanned on cryptocurrency ads on its platform, with a view to working more closely with regulated institutions in the United States and Japan. The decision marks a reversal of the ban initiated back ...
Business 3 months ago
Crypto theft cases in Japan ‘tripled’ in 2018 so far
The number of cryptocurrency theft cases in Japan has tripled in the first half of 2018, according to figures released by the country’s National Police Agency (NPA). The reports come shortly after Japanese crypto exchange ...
Business 3 months ago
Alleged AlphaBay leader’s crypto millions forfeited in California court
Millions of dollars in cryptocurrency and assets have been seized by U.S. authorities from the estate of Alexandre Cazes, a dark web entrepreneur believed to have been the brains behind the now-defunct AlphaBay marketplace. After ...
Business 3 months ago
Monetary Authority of Singapore warns investors of yet another crypto scam
Another day, yet another crypto scam—this time, in the form of a website, which, according to the Monetary Authority of Singapore (MAS), falsely represents comments from MAS chairman and the country’s Deputy Prime Minister, Tharman ...
Business 3 months ago
Litecoin is a ‘significantly overvalued relic,’ report finds
Litecoin (LTC) is ‘significantly overvalued’, according to a report published by Texas-based crypto hedge fund Multicoin Capital, which is short LTC. In the report, managing partner Tushar Jain set out a comprehensive bear case for ...
Business 3 months ago
$1 billion fund founders to launch Japanese yen-pegged stablecoin
The founders of a $1 billion blockchain fund backed by the government of Hangzhou in China have announced plans for a new project that will launch a stablecoin backed by Japanese yen, the South China ...
Business 3 months ago
Abra announces native support for Bitcoin BCH
Cryptocurrency wallet app Abra has announced native support for Bitcoin Cash (BCH), allowing users to deposit and withdrawal directly in Bitcoin BCH for the first time. With accounts numbering into the hundreds of thousands, Abra ...
Tech 3 months ago
Money Button launches instant crypto payment button for websites, apps
Money Button, an app which allows anyone to generate crypto payment buttons on the fly, has launched this week, in the latest landmark launch to land in for Bitcoin BCH. The web app allows anyone ...
Tech 3 months ago
Use Rabin signatures to sign, verify messages in Bitcoin BCH script
One of the changes proposed for the November 2018 protocol upgrade is the introduction of new opcodes like OP_CHECKDATASIG. Similar to Bitcoin Unlimited's (BU) OP_DATASIGVERIFY, Bitcoin ABC's OP_CHECKDATASIG opcode can be used to validate a ...
Tech 3 months ago
Japan’s Softbank trials blockchain-based mobile payments service
Japanese telecommunications group Softbank has successfully completed a proof-of-concept for a mobile payments system powered by blockchain. Developed in partnership with Synchronoss and TBCASoft, the platform allows for payments to be sent peer-to-peer across different ...
Business 3 months ago
After Pantronics, Huobi acquires licensed crypto exchange in Japan
Singapore-based cryptocurrency exchange Huobi is on the verge of acquiring a regulated Japanese cryptocurrency broker, in a deal that will confirm the group’s expansion into Japan’s cryptocurrency investment sector. According to an announcement from the ...
Business 3 months ago
South Korean banks withdraws services to anonymous crypto accounts
Representatives from the South Korean banking industry have said they will limit services to cryptocurrency traders who haven’t converted to real-name accounts, in a move designed to shake up the 50 to 60% of accounts ...
Business 3 months ago
HempCoin promoter charged with unlawful distribution of crypto securities
The Financial Industry Regulatory Authority (FINRA) has charged the promoter of an ‘unregistered cryptocurrency security’ with a number of complaints, including securities fraud. If upheld, the charges could result in a fine or even a ...
Business 3 months ago
China’s WeChat shuts down Bitmain sales account
The WeChat crackdown on crypto "hype news" channels continues, and this time one of the targets has been identified as Chinese cryptocurrency mining manufacturer Bitmain. On Tuesday, CoinTelegraph reported that the Chinese social media platform ...
Business 3 months ago
Startup Coins wants to onboard 20 million users by 2020
Fintech startup Coins has more than tripled its user number to 5 million in under 12 months, after a whirlwind year for the company and its cryptocurrency payments app. The firm specialises in peer-to-peer remittances, ...
Business 3 months ago
Kraken shoots down rumors it’s closing Canada offices
Cryptocurrency exchange Kraken has denied rumors that it is shutting down its operations in Halifax, Canada, in response to an alleged security breach. Reddit users claiming to work for the firm have been discussing the ...
Business 3 months ago
Smart Valor wins Swiss approval to act as financial intermediary
Swiss tech startup Smart Valor has become one of the few blockchain companies based in the country to win approval from regulators, after the firm was approved to act as a financial intermediary, Reuters reported. Having ...
Business 3 months ago
Crypto firms in Samoa to get same treatment as financial institutions
The Central Bank of Samoa will treat cryptocurrency companies like financial institutions, meaning they will have to be abide by a number of existing regulations that apply to the likes of banks and insurers based ...
Editorial 3 months ago
How ‘Black Mirror’ helps explain Bitcoin as a proof of work system
According to Dr. Craig Wright, chief scientist of blockchain research and development group nChain, the reason for Bitcoin as a proof of work system can, in part, be explained by an episode of Black Mirror. ...
Business 3 months ago
Greek top court now wants to send Alexander Vinnik to Russia
The highest tribunal in Greece has ruled that Alexander Vinnik, the alleged owner of the disgraced crypto trading platform BTC-e, is to be extradited to Russia, in the latest development in this high profile case. ...
Business 4 months ago
China’s crypto promotion ban expands beyond Beijing
Authorities in China have continued their aggressive clampdown on the cryptocurrency sector, following the announcement of an expansion of a ban on promoting cryptocurrency events beyond Beijing for the first time. Crypto events were banned ...
Business 4 months ago
BitPay now allows merchants to get paid in Bitcoin BCH
Blockchain payments company BitPay has announced merchants can now receive settlements in Bitcoin Cash (BCH) for sales through their account, in a move that could add further weight behind Bitcoin BCH as the cryptocurrency of ...
Business 4 months ago
South Korea’s Bithumb exchange to restart user registrations
Bithumb will reportedly resume offering services to new accounts from as early as this week, following confirmation of a partnership with NH Bank which will lift the restrictions on the firm. The troubled South Korean ...
Business 4 months ago
Square secures patent for crypto payment network
Payments firm Square has been awarded a patent for a new payments system designed to allow merchants to collect payment in any currency, including cryptocurrencies like Bitcoin BCH, CCN first reported. The patent was disclosed ...
Events 4 months ago
CoinGeek-sponsored Bitcoin Miners meeting unanimously supports Satoshi Vision
The CoinGeek-sponsored miners meetings at the W Hotel in Bangkok, Thailand have wrapped up and the Bitcoin BCH miners in attendance are unanimously supporting Satoshi Vision and Miners’ Choice. Their philosophy is that Bitcoin, as ...
Business 4 months ago
Indian call center BTC fraud scheme preys on foreigners
The latest scam to emerge around BTC has been uncovered in Mumbai, a fraud which is thought to have affected potentially thousands of people across the United States and other countries. Seven people were arrested ...
Tech 4 months ago
How Bitcoin BCH scaling can be done safely with Bitcoin SV
The introduction of the Bitcoin SV, a full node implementation designed to fulfill the original vision of Satoshi Nakamoto, has renewed debate on what is the best future for Bitcoin Cash (BCH). Bitcoin SV, which ...
Editorial 4 months ago
Why Wormhole will destroy Bitcoin BCH
Wormhole.cash launched several weeks ago promising to be a game changer by suggesting the inclusion of the OP_Return code would allow any organization or person to create a representative token. The tokens could represent bonds, ...
Business 4 months ago
Ripple CTO claims XRP crypto coin ‘more decentralized’ than BTC
David Schwartz, chief technology officer at Ripple Labs, has published a paper claiming XRP cryptocurrency is actually more decentralized than Ethereum and BTC, in the latest attempt to persuade the skeptics. The publication coincides with ...
Business 4 months ago
Swedish tech firm partners with Germany’s Valens Bank for crypto fund trading
A Swedish technology company has announced a partnership between its blockchain subsidiary and a German bank, paving the way for a new crypto fund for institutional investors. Stockholm IT Ventures AB announced that its subsidiary, ...
Tech 4 months ago
Lazarus Group-linked Ryuk ransomware targets businesses: report
A new BTC ransomware has emerged targeting businesses, threatening to delete files if the victims don’t pay up. Dubbed Ryuk campaign, there are suggestions the attacks could be linked to a North Korean hacker group ...
Business 4 months ago
London banking startup Revolut rolls out crypto cashback card
Alternative banking startup Revolut has launched a new debit card, which enables customers to earn cashback in cryptocurrency on their card transactions. The Metal card, which comes in a distinctive black metal style, essentially pays ...
Tech 4 months ago
AntPool’s All Coins Carnival offers fee-free mining until September
Cryptocurrency mining platform AntPool is offering zero transaction fees from its full range of supported payment methods and currencies, as part of its All Coins’ Carnival promotion. Billed as a way of giving thanks for ...
Tech 4 months ago
Cryptonize.it, CashPay launch Bitcoin BCH-fueled colored coins wallet
Bitcoin-powered token assets have been top of the agenda for Bitcoin Cash (BCH) developers in recent weeks, thanks to a number of new developments and proposals around tokenization, such as Wormhole from Bitmain and Keoken ...
Business 4 months ago
Freelancer marketplace FiveBucks.com is Bitcoin BCH-powered
A new marketplace for freelancers has launched this week, allowing services to be bought and sold for bitcoin. FiveBucks.com will see services traded through their platform from just $5, with both inbound and outbound payments ...
Business 4 months ago
Crypto dealer SFOX secures $22.7M in Airbnb co-founder-led Series A funding
A cryptocurrency broker-dealer providing services to institutional and high volume investors has secured $22.7 million in funding, drawing the support of some notable backers. Los Angeles-based SFOX announced that it had secured the funding from ...
Business 4 months ago
Saudi Arabia bans crypto over ‘high risks,’ ‘negative consequences’
The Kingdom of Saudi Arabia has made cryptocurrencies illegal by diktat, following a change in the law designed to protect residents from engaging in crypto transactions. The Saudi Arabian Monetary Authority (SAMA) made the announcement ...
Tech 4 months ago
1 in 3 UK organizations hit by cryptojacking malware: report
As many as a third of organizations in the UK have been hit by cryptojacking malware, according to a survey released by software analysts at Citrix. Cryptojacking, which sees hackers steal unused computer processing power ...
Business 4 months ago
John McAfee’s ‘unhackable’ Bitfi wallet gets hacked—again
Antivirus mogul John McAfee has suffered another embarrassing failure at the hands of his much-hyped ‘unhackable’ cryptocurrency wallet, Bitfi. Fresh from receiving the ‘Lamest Vendor Response Award’ at the Pwnies, a high profile cyber security ...
Business 4 months ago
Tokyo-based crypto Spindle moves to London amid police probe
Tokyo-based cryptocurrency Spindle has announced it is withdrawing from Japan and re-establishing in London, amidst rumours of a police investigation in Tokyo into its alleged unregulated token sales. The company, Black Star&Co., saw its Spindle ...
Business 4 months ago
ICOs raised $8.3B in Q2 2018, but over half missed targets: report
Initial coin offerings (ICOs) have raised a landmark $8.3 billion in the second quarter of 2018, despite a majority of campaigns failing to reach their fundraising targets, according to data released this week. A report ...
Business 4 months ago
Court orders Chinese trader to return crypto obtained by accident
A court in Beijing has ruled in favour of a cryptocurrency exchange in an action over a payment received in error, despite the payment violating the Chinese central bank's ban on cryptocurrency transactions. The judgement, ...
Business 4 months ago
Flow onboards 60 new int’l payment methods with BitPay integration
Online shopping platform Flow has announced support for up to 60 new international payment methods, following its integration with the BitPay platform. The partnership will allow Flow merchants to accept payments in a range of ...
Tech 4 months ago
Iranian hackers developing ransomware for BTC: report
Hackers in Iran are preparing new ransomware designed to extort BTC coins as the United States prepares to re-introduce sanctions against the country, according to cybersecurity experts. In an interview with The Wall Street Journal, ...
Business 4 months ago
In a first for US Congress, lawmaker announces sizeable BCH, crypto holdings
Rep. Bob Goodlatte has become the first member of the United States Congress to publicly declare holdings in cryptocurrency. Goodlatte, the chair of the House Committee on the Judiciary, detailed his holdings in his latest ...
Business 4 months ago
Bitcoin BCH most spent cryptocurrency in Australia’s crypto-friendly airport
Bitcoin Cash (BCH), the world’s functional cryptocurrency, is found to be the most spent cryptocurrency at the Brisbane International Airport, the world’s first airport to accept payments in cryptocurrency. Provided in partnership with Australian payments ...
Business 4 months ago
Russia extradition ruling complicates Alexander Vinnik’s case
A new extradition ruling for alleged BTC-e operator Alexander Vinnik has introduced further complexity to the legal proceedings, casting doubt on where he will ultimately face justice for his actions. Vinnik’s case is currently being ...
Business 4 months ago
Swissquote boosts profits by 44%, thanks to crypto market ventures
Swiss banking group Swissquote has announced a 44% increase in profits, following its decision to introduce cryptocurrency investing services. The results, driven by the surge in Swissquote's new cryptocurrency arm, saw the firm arrive at ...
Events 4 months ago
One year on: CoinGeek’s Bitcoin Rebirth Party honors ‘timeless wonder’ Bitcoin BCH
August 1 marked a momentous event in the history of cryptocurrency—one-year anniversary of the rebirth of Bitcoin (now named Bitcoin Cash) on the original blockchain. And what better way to celebrate all things Bitcoin BCH ...
Tech 5 months ago
Bitprim’s Keoken smart contract platform launches for Bitcoin Cash
Cryptocurrency developer group Bitprim has launched a new open source platform for tokenization and smart contracts powered by Bitcoin Cash (BCH), in the latest significant development to be released by Bitcoin BCH. Keoken aims to ...
Business 5 months ago
Philippine economic zone sees strong demand for crypto licenses
The Cagayan Economic Zone Authority (CEZA) has welcomed strong demand for its cryptocurrency licenses, particularly from international operators in a way that has “surpassed all our expectations,” according to the group’s administrator. CEZA, which operates ...
Business 5 months ago
Vietnam’s securities regulator announces industry ban on crypto
Vietnam’s stock market regulator, the State Securities Commission of Vietnam, has announced a ban on ‘cryptocurrency activity’ for companies operating under its watch, according to reports. The regulator, which is responsible for regulating financial markets ...
Business 5 months ago
Latest BTC blackmail scam targets porn viewers
A new BTC blackmail scam is doing the rounds - this time, targeting porn viewers with demands for as much as $1900 in BTC. The scam claims to work by covertly installing malware on a ...
Business 5 months ago
‘Member’ service allows geo-specific memos written on Bitcoin BCH
A new platform powered by Bitcoin Cash (BCH) allows users to write memos to the BCH blockchain, tied to specific geographic locations through the Open Street Map protocol. The platform, called Member, enables censorship-resistant messages ...
Tech 5 months ago
‘Makes very little profit’: Andreas Brekken takes on ‘stressful’ Lightning Network
The Lightning Network (LN) is supposed to speed up payments on the blockchain, routing transactions through powerful nodes on a second layer for greater efficiency. Heralded as something of a saviour for coins struggling with ...
Business 5 months ago
JPMorgan seeks patent for blockchain-based virtual receipts management
Investment bank JPMorgan Chase has filed a patent for a new asset-backed virtual receipt system, powered by blockchain technology. According to details of a patent filing published on July 19 by the U.S. Patent and ...
Business 5 months ago
Crypto payment gateway CoinGate accepts Bitcoin Cash
Cryptocurrency payment gateway CoinGate is helping merchants accept Bitcoin Cash (BCH) payments online, with automatic settlement in the merchant’s chosen fiat currency. CoinGate, which provides the option to buy, sell and accept cryptocurrencies, has already ...
Business 5 months ago
Coinsmart crypto exchange simplifies compliance for Canadian taxpayers
Canadian cryptocurrency startup Coinsmart has launched a crypto exchange, which aims to service the growing body of “Crypto Curious” investors in Canada. The platform, which combines a user-friendly UI with a suite of tax tools ...
Business 5 months ago
Coinbase inches closer to security tokens listing with regulatory green light
Coinbase has moved a step closer to offering security tokens this week, following a decision from two U.S. regulators to approve its acquisition of three related companies, Bloomberg reported. The deal was based on the ...
Tech 5 months ago
Fujitsu service will tell if your blockchain project will succeed—all in 5 days
Creating a proof of business for blockchain projects is a process that typically takes a long amount of time. Fujitsu, however, has launched a new platform that allows companies to see whether their distributed ledger ...
Business 5 months ago
Commission-free Bitcoin Cash trading makes its way to Robinhood Crypto
Robinhood Crypto, the much-hyped crypto trading exchange from Robinhood, has announced support for Bitcoin Cash (BCH), in a move that is being welcomed by the cryptocurrency community. The California-based financial services company, which offers a ...
Business 5 months ago
Akari’s crowdfunding builder tool is fueled by Bitcoin Cash
Akari Global Foundation, a group working to promote Bitcoin Cash (BCH) by creating and launching supporting services, has announced the launch of a new crowdfunder site builder tool, powered by Bitcoin BCH. The group recently ...
Tech 5 months ago
Security analyst tries to sell stolen spyware for $50M in crypto: report
An Israeli man has been indicted for threatening national security after an attempted extortion against his employer, a firm working closely with the Israeli government to develop cyber security software, The Times of Israel reported. ...
Business 5 months ago
Irish court hands over alleged Silk Road conspirator to US feds
An Irish man accused of contributing to dark web Silk Road has been passed to U.S. authorities pending extradition, after agreeing to a deal with prosecutors this week. Gary Davis, formerly of Bitcoin.com and a ...
Business 5 months ago
CBOE seeks securities regulator’s approval for BTC ETF
Futures exchange CBOE has filed a SegWit BTC-only exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), becoming the latest company to attempt to gain regulatory approval for this type of investment vehicle. ...
Business 5 months ago
BitMEX co-founder sees $50,000 BTC this year
The co-founder of crypto exchange BitMEX has forecast that BTC coin will rise to $50,000 by the end of the year, despite current prices languishing around $6,000. Arthur Hayes, a notorious BTC bull, made the ...
Business 5 months ago
Buy a Mustang with Bitcoin: US custom car shop opens to crypto payments
You’ve heard of some so-called crypto millionaires snapping up Lamborghinis with their investment returns. Now, you can buy a Ford Mustang—and pay for it in cryptocurrency—thanks to a custom car shop in Yukon, Oklahoma. Classic ...
Tech 5 months ago
File sharing site The Pirate Bay hit with new cryptojacking claims
The Pirate Bay (TPB), a peer-to-peer file sharing platform, has reportedly redeployed its cryptojacking script, which harnesses processing power from the site's visitors to mine cryptocurrencies. The site previously experimented with cryptojacking in September 2017. ...
Editorial 5 months ago
Over 800 crypto tokens ‘extinct’ as BTC’s struggle continues
The struggles of BTC coin have been plain for all to see over the last few months, after shedding as much as 70% off the record highs set in late 2017. And now, according to ...
Tech 5 months ago
MacOS malware targets crypto-discussing Slack, Discord users
Security researchers have uncovered a new type of malware aimed at those using MacOS devices to discuss cryptocurrencies. The malware attacks users participating in cryptocurrency discussions on chat apps Discord and Slack, with hackers gaining ...
Business 5 months ago
Bitcoin Cash goes mainstream in Austria
Bitcoin Cash (BCH), the only true Bitcoin and the world’s only functional cryptocurrency, is now widely available in Austria, thanks to an initiative that brings cryptocurrency trading into over 400 post office branches across the ...
Business 6 months ago
Binance enters Uganda market with plans for crypto-fiat exchange
Binance, considered to be the second largest cryptocurrency exchange in the world, has announced its plans to launch a new crypto-to-fiat exchange in Uganda. In an interview with CoinTelegraph, Binance founder and CEO Changpeng Zhao ...
Business 6 months ago
Mastercard secures anonymous blockchain transactions patent
Payments giant Mastercard has secured a handful of new blockchain patents this week, including protection for a system designed to process anonymous transactions on the blockchain. Causing something of a stir in the blockchain community, ...
Business 6 months ago
Feds net over $20M in crypto in darknet sting
For the past year, authorities in the United States have been running undercover operations on the darknet, targeting illicit vendors using cryptocurrencies to flout the law. The expansive operation, which unmasked more than 50 vendors ...
Business 6 months ago
It’s official: Bitcoin Cash reaches Purse.io
Purse.io, a service that allows consumers to buy goods from Amazon with cryptocurrency, has officially integrated Bitcoin Cash (BCH) on its platform. With Bitcoin Cash, Purse.io users will now be able to complete payments with ...
Tech 6 months ago
bitPico threatens to take down Bitcoin Cash network with spam blitz
A shadowy developer has threatened a series of attacks against the Bitcoin Cash (BCH) blockchain, which he claims will be strong enough to damage the network. Known only as ‘bitPico’, the malicious developer has said ...
Business 6 months ago
20% fixed tax bracket in the cards for Japan’s crypto investors
The finance minister of Japan has discussed the idea of a reduction in the rate of tax paid by cryptocurrency investors, in a move that could further stimulate interest in the nascent sector. Finance Minister ...
Business 6 months ago
Hawaiian man claiming to be Satoshi wants to trademark Bitcoin Cash
A Hawaiian man claiming to be Satoshi Nakamoto has sought to trademark Bitcoin Cash, a development that spurred intrigue amongst the wider Bitcoin community. On May 18, 2018, Ronald Keala Kua Maria applied to register ...
Tech 6 months ago
Breach of ‘constitution’: Caretakers freeze 7 EOS accounts
The EOS network has come under renewed fire following a decision to freeze seven user accounts believed to be carrying stolen funds. Twenty-one EOS block producers, or BPs, unanimously agreed to suspend the accounts—a move ...
Business 6 months ago
John McAfee will no longer promote ICOs due to SEC pressure
Don’t be surprised if you’ll no longer see John McAfee tweeting about initial coin offerings (ICOs). On Monday, the cybersecurity entrepreneur announced on Twitter that he will no longer engage in promoting token crowdsales following ...
Business 6 months ago
SBI Virtual Currencies exchange adds support for Bitcoin Cash, BTC
Japanese cryptocurrency exchange SBI Virtual Currencies has listed Bitcoin Cash (BCH), along with SegWit BTC coin, increasing the currently available trading pairs on its Vctrade platform from one to three. SBI Virtual Currencies is a ...
Tech 6 months ago
Misconfigured Ethereum apps, mining rigs lose $20M to hacks
Hackers have successfully stolen as much as $20 million in ETH from misconfigured Ethereum clients, according to reports. In a new report, China-based cybersecurity company Qihoo 360 Netlab detailed how hackers managed to breach Ethereum-based ...
Tech 6 months ago
Crypto miner Argo poised for landmark London Stock Exchange listing
Cryptocurrency mining firm Argo Blockchain is set to become the first company of its kind to list on the London Stock Exchange, according to reports emerging this week. The move, first reported in Business Insider, ...
Business 6 months ago
Price manipulation campaign inflated BTC price in 2017, research finds
New research has confirmed the BTC market was manipulated in the run up to its all-time highs in 2017, accounting for as much as 50% of the price growth over the period. The findings in ...
Tech 6 months ago
Blogger platform Matter runs on Bitcoin Cash
A new decentralized social media application for long-form content, powered by the Bitcoin Cash (BCH) blockchain, has launched this week, the latest in a series of apps running on the Bitcoin network. The new app ...
Tech 6 months ago
Crypto mining giant Bitmain gears up for ‘record breaking’ IPO
Cryptocurrency mining hardware manufacturer Bitmain is reportedly considering an initial public offering (IPO), in a move that could set new records for the cryptocurrency space. According to a Bloomberg report, China-based Bitmain has started laying ...
Business 6 months ago
Goldman Sachs-backed Circle sets sights on US banking license
Cryptocurrency wallet service and investment startup Circle has announced it is seeking a U.S. banking license, at the same time as the firm is looking to register with the U.S. Securities and Exchange Commission (SEC). ...
Tech 6 months ago
Vietnam calls for import ban on crypto mining rigs
In a bid to stop the alleged free flow of cryptocurrency mining equipment into the country, the Ministry of Finance in Vietnam has called for an outright ban on the import of the mining rigs. ...
Business 6 months ago
Coinbase announces Japanese expansion
Cryptocurrency exchange and wallet service Coinbase has announced it is opening a division in Japan, as part of its ongoing efforts to “accelerate the global adoption of cryptocurrency.” The San Francisco-based firm announced it would ...
Business 7 months ago
Ripple on a mission to distance company from ‘Ripple’ token
Ripple has unveiled plans for a new logo for its XRP token, as part of a wider effort to separate Ripple the token from Ripple the company, according to reports emerging this week. The company, ...
Tech 7 months ago
51% attack on altcoins possible for as little as $500, report finds
Hashing power for rent has made it easier—and cheaper—than ever to attack altcoins, with 51% attacks now possible for as little as $500. According to data released by Crypto51.app, a website tracking the theoretical cost ...
Business 7 months ago
Lawmakers formally propose lifting South Korea’s ICO ban
Members of South Korea’s National Assembly have made the official recommendation that the laws banning initial coin offerings (ICOs) should be lifted, according to reports. The ban, which came into force just eight months ago, ...
Business 7 months ago
Chinese authorities charge 4 more in $2.3B OneCoin scam
Prosecutors in China have confirmed charges for four more individuals in connection with investigations into OneCoin, a cryptocurrency generally recognised as fraudulent. The suspects are thought to be the final four charges prosecutors were seeking ...
Business 7 months ago
South Korea’s Korbit axes Dash, Monero, 3 more altcoins
South Korean cryptocurrency exchange Korbit has announced its decision to withdraw support for five cryptocurrencies, following a similar decision in recent days from Japan’s Coincheck exchange. In the aftermath of the high profile hack at ...
Tech 7 months ago
Japan’s Monacoin falls victim to malicious mining attack
A Japanese developed cryptocurrency has become the latest to fall victim to a so-called selfish mining attack, resulting in an estimate $90,000 of damage across their network. Monacoin announced they had gained control of the ...
Business 7 months ago
Bitcoin Cash is on economic path that led to Bitcoin’s original success, Roger Ver tells CNBC
Celebrated Bitcoin investor Roger Ver has been sharing his thoughts about Bitcoin Cash (BCH), BTC, and the future of cryptocurrency with CNBC. Ver is considered one of the most astute investors in the cryptocurrency space, ...
Tech 7 months ago
GMO sets out launch plan for 7nm mining chips
Japan-based GMO Internet Group has revised its plans for launching the much-anticipated 7nm cryptocurrency mining chip, as customers gear up to be amongst the first to secure the new hardware. The group, which is one ...
Business 7 months ago
South Korea police search for 3 crypto exchange employees
Three employees, including the representative director, at a South Korean cryptocurrency exchange are now officially wanted by police, following arrest warrants issued this week. The senior employees at cryptocurrency exchange HTS Coin are suspected of ...
Business 7 months ago
Trading app BUX launches CFDs for Bitcoin Cash, ETH, XRP, LTC
Mobile trading app BUX has announced support for raft of new cryptocurrency contracts for difference (CFDs), providing investors with an alternative way to speculate on crypto markets like Bitcoin Cash. The app, which allows users ...
Business 7 months ago
New crowdfunding platform Coinfundr accepts Bitcoin Cash
A new crowdfunding platform is scheduled to launch in late May, with Bitcoin Cash (BCH) at the core of its fundraising model. Coinfundr will focus solely on raising funds through Bitcoin, as an alternative to ...
Tech 7 months ago
Drupal sites targeted in latest wave of cryptojacking campaign
Cryptojacking attacks are becoming increasingly prevalent, as scammers exploit vulnerabilities in websites to hack the resources of unsuspecting visitors. This type of scam, which mines cryptocurrency for the hackers in the background, has already affected ...
Business 7 months ago
OpenBazaar co-founder vents at excessive BTC fees
Washington Sanchez, co-founder of open-source decentralised marketplace OpenBazaar, has expressed frustration over the high fees involved in BTC transactions. Sanchez lashed out at the high transaction fees on Twitter, as well as expressing regret at ...
Business 8 months ago
Regulation is coming: SEC commissioner slams ICO industry
The U.S. Securities and Exchange Commission (SEC) has been intensifying its rhetoric around regulating initial coin offerings (ICOs) in recent months, as the regulator increasingly turns its attention to token crowdsales and the wider cryptocurrency ...
Business 8 months ago
8 crypto exchanges leaving Japan, 100 more to come
Japan’s financial regulator, the Financial Services Agency (FSA), has confirmed reports that as many as eight cryptocurrency exchanges have expressed their intention to leave the Japanese market. The news follows from a meeting held by ...
Tech 8 months ago
Parity rejects Ethereum split proposal to recover lost $320M in ETH
It's back to the drawing board for those who were seeking to recover the more than $320 million worth of frozen ETH funds, after Parity Technologies announced that it has "no intention" to split the ...
Business 8 months ago
Crypto exchange operations on the cards for Nasdaq
Nasdaq “would consider” launching or even becoming a cryptocurrency exchange in future, according to comments made by the company’s CEO. CEO Adena Friedman made the comments in a CNBC interview, in remarks widely construed as ...
Business 8 months ago
Dow Jones’ MarketWatch begins tracking Bitcoin Cash, 7 new cryptos
MarketWatch, the market information arm of Dow Jones Media Group, has started tracking the performance of eight new cryptocurrencies, in recognition of their increasing move towards the financial mainstream, CoinDesk reported. The company already offers ...
Business 8 months ago
Ethereum, Ripple tokens could be securities, says former CFTC head
Two of the world’s largest cryptocurrencies could, in fact, be securities, according to the former chief of the U.S. Commodity Futures Trading Commission (CFTC). Major cryptocurrencies like Ether (ETH) and Ripple (XRP) still operate in ...
Tech 8 months ago
South Korea toughens import requirements for crypto mining chips
Cryptocurrency mining in South Korea is about to become more difficult, thanks to the Korean Customs Service (KCS). Customs officials in South Korea have tightened the standards applied to cryptocurrency mining chip imports, adding them ...
Business 8 months ago
New York’s AG opens inquiry into cryptocurrency exchanges
Regulators in the state of New York have announced an inquiry into several leading cryptocurrency exchanges, with as many as 13 separate operations coming in for closer scrutiny. The inquiry has been instigated by the ...
Business 8 months ago
Kraken announces withdrawal from Japan
Cryptocurrency exchange giant Kraken is closing operations in Japan, citing increasing costs as the decisive factor behind the move. Kraken is shutting down “all of its services” in Japan by June, leaving only a matter ...
Business 8 months ago
BitOasis, CoinHako exchanges list Bitcoin Cash
Bitcoin Cash (BCH) has been listed on two new exchanges this week, in response to growing demand for buying and transacting in the cryptocurrency. BitOasis, the leading crypto wallet and exchange platform in North Africa ...
Business 8 months ago
Police suspend blockchain conference in China
A blockchain conference being held in China has been disrupted and suspended by police, according to reports. The Global Fintech and Blockchain China Summit 2018 was interrupted by police in Shanghai, bringing an immediate halt ...
Business 8 months ago
Alibaba-owned Taobao outlaws ICOs, cryptocurrency
Online shopping platform Taobao has prohibited stores from promoting initial coin offerings (ICOs), cryptocurrencies, and other related goods and services, as part of an update rolled out earlier this week. The platform, which is owned ...
Business 8 months ago
Coinbase seeks SEC license for brokerage
Cryptocurrency trading platform Coinbase has applied to the U.S. Securities and Exchange Commission (SEC) for a license to offer brokerage and electronic trading services, according to reports. Last week, the Wall Street Journal reported that ...
Tech 8 months ago
Why Bitcoin BCH is the only blockchain capable of handling VISA-level transactions
For anyone backing cryptocurrency, the end goal is mass payment handling. The VISA network has been processing in the region of 141 billion transactions a year, and for any cryptocurrency to fulfill its potential, the ...
Tech 8 months ago
bitPico claims responsibility for DoS attack on Lightning Network
A shadowy developer, known only as bitPico, has claimed responsibility for the latest DoS attack to hit the lightning network, according to reports. bitPico posted the claims on their Twitter feed, as part of what ...
Business 9 months ago
Tides turn for BTC-backed cryptocurrency hedge funds
Established in 2017, cryptocurrency hedge funds are now increasingly running into difficulties, with new capital drying up and significant losses reported in the early part of 2018, according to a Bloomberg report. More than 150 ...
Business 9 months ago
For $8, man misleads Canadian Parliament on Bitcoin Cash
Cryptocurrency entrepreneur and Quebec FCA member Jonathan Hamel has come under fire for intentionally misleading members of the Canadian Parliament. Hamel, who has been involved in cryptocurrencies since 2013 and a notable supporter of Segwit ...
Business 9 months ago
Yahoo Japan rolls out plans for new cryptocurrency exchange
Yahoo Japan, the Japanese division of global media company Yahoo, has announced its intention to establish a cryptocurrency exchange, according to reports emerging today. The company is preparing to buy a 40% stake in BitARG ...
Business 9 months ago
Charlie Lee, Litecoin Foundation apologize for LitePay collapse
The creator of Litecoin has issued an apology for the abrupt collapse of Litecoin-based payment startup LitePay. The startup, which promised to offer an LTC-powered debit card, as well as payment processing services for merchants, ...
Tech 9 months ago
Teen exposes security vulnerability in Ledger hardware wallet
Cryptocurrency hardware wallet Ledger has been found to contain a major security flaw, which could enable hackers to steal funds from users through a variety of different methods. The exploit was identified by a teen ...
Business 9 months ago
Strong demand drive cryptocurrency spread betting, CFDs in UK
Strong demand for alternative forms of speculating on cryptocurrency is driving exchanges in the UK to offer cryptocurrency contracts for difference (CFDs) and spread betting, with CMC Markets announcing new products this week. Initially to ...
Tech 9 months ago
Microsoft highlights growing cryptojacking, ransomware threats
Tech giant Microsoft has drawn attention to the growing risks posed by cybercriminals using cryptocurrencies, including cryptojacking and ransomware attacks, in a blog post published this week. The post, drafted by Alden Pornasdoro, Michael Johnson, ...
Business 9 months ago
South Korea’s ICO ban may soon be relaxed
South Korea’s decision to ban companies from using initial coin offerings, or ICOs, to raise capital looks set to be relaxed in the coming months, according to reports emerging from local media. According to The ...
Business 9 months ago
More ICO class action suits ‘highly likely,’ says leading law firm
Research published by a leading law firm this week has indicated the potential for a large number of cryptocurrency class action lawsuits in future, with initial coin offerings (ICOs) at the forefront of their concerns. ...
Tech 9 months ago
PayPal files cryptocurrency transactions patent
Online payments giant PayPal has filed a patent in the United States for a cryptocurrency transactions system, becoming the latest company to explore the cryptocurrency ecosystem for digital payments. The patent, filed with the U.S. ...
Business 10 months ago
Marshall Islands plans ‘Sovereign’ cryptocurrency launch
The Republic of the Marshall Islands looks set to launch its own cryptocurrency, following comments from two senior government officials this week confirming the plans. The country, a collection of 1,100 islands located in the ...
Business 10 months ago
Israeli crypto broker gets reprieve after high court halts account shutdown
An Israeli cryptocurrency brokerage service involved in a dispute with its bank has been granted a lifeline, following a decision by Israel’s Supreme Court. Bits of Gold, a brokerage service based in Tel Aviv, had ...
Business 10 months ago
Criticism mounts as Russia continues slow progress to regulation
Criticism of Russian policymakers is mounting over a perceived lack of progress towards eventual cryptocurrency regulation, according to reports in local media. Following a year which has seen Russian deputies considering as many as 50 ...
Business 10 months ago
Cryptocurrency is property for tax purposes in Israel
The government of Israel has confirmed this week that cryptocurrencies like legacy Bitcoin (BTC) and Bitcoin Cash are to be treated as a form of property, confirming the draft position that was circulated back in ...
Business 10 months ago
Hong Kong investors turn to regulated US exchanges for BTC futures
Investors in Hong Kong are increasingly turning to U.S.-based exchanges for trade in SegWit1x (BTC) futures, in order to escape the perceived risks of trading through unregulated local exchanges. BTC futures, which were launched on ...
Business 10 months ago
Japan issues warning to unlicensed foreign ICO agency
Japanese regulators have issued a warning to a foreign ICO agency operating in Japan without the relevant license, in the first action of its kind since cryptocurrencies were recognized as a legal form of payment ...
Business 10 months ago
EU regulator puts cryptocurrencies ‘Top of Agenda’ for 2018
The chief securities regulator of the European Union has committed to putting cryptocurrency regulation on the top of the agenda for 2018, according to reports. In its latest agenda published Wednesday, the European Securities and ...
Business 10 months ago
US lawmakers slam Venezuelan cryptocurrency plans
A U.S. Senate hearing has engaged in lively debate this week in condemning plans that could see the creation of a state-backed cryptocurrency in Venezuela. At the hearing, organized by the Senate Committee on Banking, ...
Business 11 months ago
Messaging giant Line announces crypto exchange plans
In the latest embrace of cryptocurrency exchange by a mainstream company, messaging service Line announced on Thursday its plans for a new cryptocurrency exchange. The service, which is Japan’s leading chat app, currently sees over ...
Business 11 months ago
Financial regulator shuts down German crypto brokerage
Germany’s financial regulator, the German Financial Supervisory Authority, has issued an order shutting down the financial brokerage arm of a Berlin-based cryptocurrency exchange in a move that could indicate the regulator adopting a tougher stance ...
Business 11 months ago
US wants closer scrutiny of crypto markets
Regulators in the United States are preparing to launch collaborative efforts to step up their scrutiny of cryptocurrency markets, according to comments made in an article written jointly by the head of two separate agencies. ...
Business 11 months ago
South Korea puts an end to anonymous crypto trading
The chief financial regulator of South Korea has set a cut-off date for cryptocurrency traders using anonymous accounts, as the country continues to roll-out measures to regulate cryptocurrency trading. According to announcements made by the ...
Business 11 months ago
Treasury, IRS team up to regulate US crypto exchanges
The U.S. Treasury department will work in collaboration with the Internal Revenue Service (IRS) in regulating cryptocurrency exchanges in the country. According to statements made at a Senate Committee hearing this week from a senior ...
Business 11 months ago
French government announces new cryptocurrency regulation working group
The French government has set up working group to examine cryptocurrency regulation in the country. The working group was announced by the Bruno Le Maire, the French economy minister, in a speech on Monday, where ...
Business 11 months ago
South Korean cryptocurrency exchange laws ‘not finalized’
The office of the President of South Korea announced that plans to ban cryptocurrency exchanges in the country are ‘not finalized’, in a move that appears to roll back on indications given over the last ...
Business 11 months ago
Lawyer fights for cryptocurrency regulation in India
A lawyer has petitioned courts in India demanding action on introducing regulation for cryptocurrencies in the country, in the latest call on the Indian government to formalize its legal approach. Kolkata lawyer Bivas Chatterjee filed ...
Business 12 months ago
South Korea to ban anonymous crypto accounts from January 20
The South Korean government is all set to put its ban on anonymous cryptocurrency accounts into effect by as early as January 20, as part of its measures to cool rampant cryptocurrency markets. According to ...
Business 12 months ago
Australian banks freezing transactions with crypto exchanges, investors say
Cryptocurrency investors in Australia are reporting their accounts with some of the country’s leading banks are being frozen, ostensibly due to transactions with cryptocurrency exchanges. A tweet addressing the issue from investor and YouTube publisher ...
Business 12 months ago
Belarus officially recognizes cryptocurrencies
Belarus has become one of the first countries in Europe to officially recognize cryptocurrencies like SegWit1x (BTC), bringing crypto transactions, mining, and ICOs into the mainstream. By decree of President Aleksandr Lukashenko, the measures, which ...
Business 12 months ago
Bank of England chief highlights ‘fundamental problems’ with bank-issued cryptocurrencies
Mark Carney, governor of the Bank of England, has highlighted the “fundamental problems” with the idea of centrally-issued cryptocurrencies. Carney poured cold water on the suggestion that central banks could adopt cryptocurrencies for consumer use, ...
Business 12 months ago
UK financial regulator steps up scrutiny of ICOs
The chief financial regulator in the UK is stepping up its scrutiny of ICOs, as it considers whether further legislative measures may be required. The Financial Conduct Authority (FCA), the body responsible for market oversight ...
Business 1 year ago
Hong Kong financial regulator issues fresh warning over SegWit1x futures
The financial regulator of Hong Kong issued on Tuesday fresh warnings over SegWit1x futures, citing concerns over unregulated providers. The warnings come as part of a circular published this week by the Hong Kong Securities ...
Business 1 year ago
Indonesia outlaws cryptocurrency for fintech payment companies
Indonesia’s central bank has become the latest monetary authority to clamp down on cryptocurrencies, following a decision to outlaw the use of digital currencies by fintech payments companies. The move was accompanied by a statement ...
Tech 1 year ago
R3 Corda goes live on Amazon Web Services
Distributed ledger consortium R3 has announced the launch of its flagship Corda platform, which has gone live today on the Amazon Web Services marketplace. The consortium, which comprises a range of over 100 different companies ...
Business 1 year ago
Russian central bank issues fresh warning over cryptocurrency investments
The Russian central bank has issued new warnings over cryptocurrency investments, urging investors to be mindful of the risks, according to a report published this week. According to reports in Russian media, the Central Bank ...
Tech 1 year ago
UK House of Lords recommends further government blockchain research
The UK House of Lords has published a report recommending further research into implementations of the blockchain across government, citing a number of opportunities for improved government services. The upper, advisory house of the UK ...
Business 1 year ago
Banca IMI unveils Ethereum derivatives white paper
Italian bank Banca IMI has explored the possibility of derivatives traded on the distributed server processing system ethereum, as part of a white paper published on Wednesday. The bank, which is part of the much ...
Business 1 year ago
SAFTs may increase risks associated with token sales
Simple Agreements for Future Tokens, or SAFTs, may actually have the opposite regulatory effect than desired, according to the findings of a report, which highlighted the increased risks associated with SAFTs-based token sales. The 13-page ...
Business 1 year ago
State Bank of India announces Blockchain Beta test for smart contracts
The State Bank of India has unveiled fresh plans for a blockchain smart contracts beta test, with plans for a rollout of more blockchain processes on the horizon. The bank, which is owned by the ...
Business 1 year ago
UK Financial Conduct Authority sounds caution over cryptocurrency derivatives
The UK’s primary financial regulator, the Financial Conduct Authority, has today issued a warning to consumers over cryptocurrency derivative instruments. The body, which is responsible for overseeing financial services and markets in the UK, issued ...
Tech 1 year ago
VR Company YDreams Global becomes latest Hyperledger member
Virtual reality development firm YDreams Global Interactive Technologies has become the latest company to join the Hyperledger blockchain consortium. The company also announced steps to expand their efforts with the blockchain, as part of a ...
Business 1 year ago
Malaysian securities regulator reviewing fresh cryptocurrency laws
The Malaysian securities regulator has become the latest market regulator to move towards a new legal framework for cryptocurrencies. The news comes with the announcement this week from the Securities Commission Malaysia, disclosing advanced preparations ...
Business 1 year ago
Former Credit Suisse Executive announces luxury goods ownership ICO
Initial coin offerings have been coming thick and fast this year, with well in excess of $2 billion raised through token sales in 2017 to date. Now, former Credit Suisse executive Marco Abele looks set ...
Tech 1 year ago
EU earmarks €30 billion for Blockchain research projects
The EU has announced it has earmarked funds totalling €30 billion for investment in blockchain research and development, in the latest boost to blockchain technology to emerge from the continent. Delivered as part of the ...
Tech 1 year ago
Blockchain journalism marketplace civil lines up first publications
When blockchain startup Civil unveiled their plans for a blockchain-based marketplace for journalism earlier this year, reactions ranged from excited to bewildered. For some, the model was seen as a revolutionary new mechanism for funding ...
Business 1 year ago
Malta mulls new rules for cryptocurrency funds
Legislators in Malta are embarking on a consultation phase, ahead of plans that would introduce new rules for cryptocurrency investment funds. The proposals, which originate from the Malta Financial Services Authority, were published this week, ...
Business 1 year ago
Enterprise Ethereum Alliance signs up Russian banking giant
The Enterprise Ethereum Alliance has secured its first Russian member, in the form of the country’s biggest bank, Sberbank. The consortium, which comprises over 100 different members, is working to develop new technologies compatible with ...
Business 1 year ago
Ukraine announces new plans to regulate exchanges
Cryptocurrency exchanges in the Ukraine could be brought under the regulation of the central bank, according to new legislative proposals working their way through government. The relevant bill was filed on October 6, and sets ...
Business 1 year ago
Overstock’s regulated token exchange will launch with own ICO
Retail giant Overstock.com is to launch its new regulated token exchange with its own initial coin offering (ICO), according to a news report. The token sale will be the inaugural event for the new exchange, which ...
Business 1 year ago
Russia’s National Settlement Depository developing Hyperledger trading platform
The National Settlement Depository, Russia’s centralised securities depository, is trialling a new blockchain platform for commercial bond trading. The development aims to leverage blockchain technology for “simple and transparent” transactions, allowing for investors to more ...
Business 1 year ago
Australian Securities and Investments Commission releases ICO guidelines
Having raised over $2 billion so far in 2017, ICOs have been quick to attract attention from financial regulators worldwide. Regulators in China and this week Macau have implemented total bans on the practice, while ...
Business 1 year ago
Kik ICO concludes well short of expectations
The much-hyped Kik ICO has today come to a close, falling short of the expectations set out by the company ahead of its launch. The funding drive, which saw the social messaging giant offering up ...
Tech 1 year ago
Swisscom launches new Blockchain entity
Swisscom, one of Switzerland’s biggest telecommunications firms, has announced the launch of a new entity to focus on blockchain technology. The company, which is owned by the Swiss state, unveiled the new company, Swisscom Blockchain ...
Business 1 year ago
Dubai Financial Services Authority Fires Latest Warning Shot Over ICOs
The financial regulator of Dubai, the Dubai Financial Services Authority has become the latest global regulator to speak out about the risks of ICOs, or initial coin offerings. The model, which sees companies create and ...
Business 1 year ago
Israeli Banking Giant Teams With Microsoft To Launch Blockchain Trial
Banking and finance has so far been the main beneficiary of blockchain technology deployments, with institutions across the world increasingly turning their focus to how the distributed ledger can help their business. Now it’s the ...
Business 1 year ago
Israeli Regulators Form Committee to Consider Greater ICO Oversight
Financial regulators in Israel have become the latest to consider introducing measures that would target ICOs, announcing the formation of a new committee to consider the issue. The panel, established by the Israeli Securities Authority, ...
Business 1 year ago
Russian Deputy Finance Minister Suggests Bitcoin Restrictions
Russia’s Deputy Finance Minister Alexei Moiseev has suggested that bitcoin transactions should be restricted to qualified investors only, a proposal which would exclude retail investors from engaging in bitcoin investments. The suggestion comes at a ...
Business 1 year ago
IRS Bitcoin Tracking Software Used ‘For Years’
The Internal Revenue Service has been using bitcoin tracking software since as far back as 2015, according to information obtained today. In a report obtained by Washington media sources, details of the partnership between the ...
Tech 2 years ago
Russian Quantum Center announces quantum-proof blockchain solution
The Russian Quantum Center has announced a new blockchain project, which enables companies to transfer sensitive data without facing the threat of hacking through a blockchain protocol. The solution is thought to be the first ...
