Cryptocurrency Market Worth $1.40 Billion by 2024
According to the new market research report on “Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, & Wallet, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography – Global Forecast to 2024”, published by MarketsandMarkets™, the Cryptocurrency Market is projected to reach USD 1.40 billion by […]
U.S. Jewelry Retailer Marks Jewelers Accepting Payments in Cryptocurrency
U.S. jewelry retailer Marks Jewelers has started accepting payments in cryptocurrency, including bitcoin cash. Shoppers can now pay for luxury goods such as fine diamonds, watches and engagement rings using BCH and seven other digital currencies. In addition to BCH, the company is now accepting payments in cryptocurrencies such as bitcoin and ether. “This will […]
World Payments Report 2018: Digital Payments are Experiencing a Boom
Digital payments are experiencing a boom, driven by developing markets, according to the World Payments Report 2018 launched today from Capgemini and BNP Paribas. However, the innovation landscape in payments is uncertain as BigTech1 entrants make their presence felt, and incumbents face technical and regulatory complexity in the development of new collaborative payments ecosystems between […]
UK Cryptocurrency Regulations Could Take up to Two Years Based on Comparable Regulatory Extensions
UK regulation of the cryptocurrency market would take two years to introduce based on comparable extensions of the FCA’s remit. James Kaufmann, Legal Director at RPC says that this based on the best-case scenario where proposals in the recent House of Commons Treasury Committee report* start to be progressed. The process of introducing the necessary […]
1Broker to Start Processing Withdrawal Requests
Marshall Islands-registered contracts-for-difference broker 1pool Ltd., which operates the 1Broker brand, has announced that the company will revive some if its functions today. The team tweeted that they will start processing clients withdrawal requests. We will start processing withdrawals tomorrow at 12:00 (UTC). Thanks for your patience in the past days! — 1Broker (@1Brokerio) October […]
Bitcoin Cash Wallet Cointext Сaptures Asia
Cointext, a service which enables cryptocurrency users to transact directly over mobile SMS, has announced today that it launched support for its Bitcoin Cash (BCH) wallet to Hong Kong, as well as Israel and the Palestinian territories (Palestine). “These are important regions for us to connect because they’re financial centers,” said founder and lead developer […]
Robinhood Available in Rhode Island, Tennessee and Arkansas
Robinhood, the popular mobile application that offers free trading of stocks, options, exchange-traded funds (ETFs), and crypto assets, has recently expanded its coverage in the U.S. adding Rhode Island, Tennessee and Arkansas since the beginning of October. The consecutive announcements made on social media came after the company launched in Alaska and Oklahoma last month. […]
Bithumb to Open a Decentralized Global Exchange
Bithumb, one of South Korea’s biggest cryptocurrency exchanges, will open a new cryptocurrency exchange to target the global market, the company announced on Oct. 3 This is part of its plans to take the lead in the global cryptocurrency market through overseas expansion as there are a lot of difficulties in expanding its domestic business […]
Bitmain Acquires Bitcoin Cash Wallet Telescope
Bitmain announced Monday it has acquired the startup behind an open-source bitcoin cash wallet called Telescope. The browser-based wallet was launched earlier this year in an effort to enable instant bitcoin cash transactions. At present, Telescope can operate on Google Chrome or Mozilla Firefox, according to a press release, though the team it plans to […]
Bitcoin Cash Markets Are Up 30 Percent This Week
Bitcoin cash markets are doing quite well today as the decentralized cryptocurrency is up 14.8 percent over the last 24-hours since yesterday’s spike. Some speculators believe the news may have been attributed to Bitmain’s recent IPO filing in Hong Kong. The jump in price continued into September 27 as BCH priced reached a high of […]
Bitmain Likely Lost $400 Million Last Quarter
Bitcoin mining behemoth Bitmain likely posted a net loss of nearly $400 million last quarter, the China-based firm’s recently-filed public offering documents reveal. Much information about the company is redacted in the public versions of those filing documents, but, according to a thorough analysis published by BitMEX Research, there is enough data to glean that Bitmain […]
Japanese Financial Watchdog Launches Investigation Following $60 Million Exchange Hack
The Financial Services Agency (FSA) of Japan has launched an investigation after $60 million worth of cryptocurrencies were allegedly stolen from local crypto exchange Zaif. According to the report, the FSA has sent its staff to Tech Bureau — Zaif’s parent company based in Osaka — to verify whether the company will be able to […]
Brexit Britain’s Brave Stand Against Bitcoin
Crypto needs a leash, but it’s laughable to think that the City of London can hold it on its own. It’s good to see politicians belatedly waking up to the risk of crypto-currencies. British lawmakers are banging the drum for the regulation of Bitcoin, Ethereum and their brethren in order to protect consumers. It may […]
NY Crypto Exchange Report Bearish for Bitcoin ETF Plans
A new report drafted by the New York attorney general’s office (OAG) alleges that a significant number of cryptocurrency exchanges may be vulnerable to market manipulation, a finding that could prove ominous for hopes among investors that federal regulators will approve a bitcoin ETF or other exchange-traded crypto products in the near-term. Bitcoin, according to […]
20% of Coinbase Trades are Made by the Cryptocurrency Exchange Itself
When trading on a cryptocurrency exchange, investors have little-to-no information about the person trading against them, that is, the person on the other side of their buy and sell orders. Subject to the geographic restrictions of the exchange, that could be someone who lives in your neighborhood, or it could be someone who lives on […]
The $20 Million Bitcoin Miner Being Hailed as a Bitmain Rival
After CoinDesk revealed the China-based crypto mining giant was planning an initial public offering (IPO) for September, the company has faced a wave of perhaps unprecedented scrutiny. On social media, allegations emerged Bitmain was everything from insolvent to presenting a rosy outlook for its financials, all the while investors linked to the funding effort backed […]
Colombian President Promises to Cut Rent Taxes for Crypto Firms
Colombian President Ivan Duque has recently promised to cut taxes for cryptocurrency and blockchain startups, local newspaper El Tiempo reported Wednesday, August 29. Duque delivered an opening message during ANDICOM, an international congress on information and communications technology (ICT) held annually in Cartagena de Indias, Colombia. A recording of his speech is now available on YouTube. President confessed that […]
The Proposal of Establishing the Bitcoin Cash Standard Organization
On August 31 the CEO of the firm Viabtc, Haipo Yang, published a blog post proposing the establishment of a standardization organization like the World Wide Web’s W3C consortium. Haipo Yang wants to start a similar group called the Bitcoin Cash Standard Organization (BCSO) in order to create standards and achieve better transparency when it […]
