One in Five Brits Think Bitcoin Will be ‘as Common as Cash or Card’ in Future
Young men are by far the most likely demographic to have bought Bitcoin – and to think they understand how it works. Ten years ago – just after the start of the financial crisis – a man going by the name of Satoshi Nakamoto published a paper about a new cryptocurrency called ‘Bitcoin’. A decade on, […]
Winklevosses’ Foe Wins End to Asset Freeze in Bitcoin Battle
The Winklevoss brothers lost a round in a court against the disgraced former head of a New York cryptocurrency exchange. Tyler and Cameron Winklevoss sued ex-BitInstant CEO Charles Shrem, claiming he took part of their $750,000 investment in his exchange in 2012 and used it to buy 5,000 Bitcoins, then valued at $61,000. A judge froze […]
Man Sent Letter Bomb to Bitcoin Firm ‘Over Password Reset’
A man has been jailed for sending a “potentially lethal homemade bomb” to a Bitcoin firm in London – after it refused to reset his password for him. The Met Police, which investigated the case, said detectives could “only identify one possible reason” for the Swedish national’s actions. He had emailed the company, Cryptopay, in […]
VersaBank Subsidiary VersaVault Initiates Commercialization Stage of Its Cryptocurrency Safety Deposit Box
VersaBank is pleased to announce that its subsidiary, VersaVault, has successfully completed beta testing for its previously announced digital safety deposit box and is initiating commercialization of its services. The first phase of the rollout will be to provide digital safe keeping as well as multi signature services for cryptocurrency exchanges and crypto based investment […]
Researchers Rank Cryptocurrency Exchanges by How Secure They Are
Prominent cyber-security firm Group-IB has graded the security of online cryptocurrency exchanges, as a means of assessing insurance risk. It found long-standing platform Kraken to be the most secure, with OKEx, Huobi Pro, and CoinCheck among the riskiest. Alongside IT platform CryptoIns, Group-IB claims to have developed the world’s first assessment system for determining the […]
DTCC Enters Test Phase on Distributed Ledger Project for Credit Derivatives with 15 Leading Global Banks
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that it has advanced to the testing phase of its ground-breaking project to re-platform its credit derivatives Trade Information Warehouse (TIW) on distributed ledger technology (DLT) and cloud. In this phase, 15 of the world’s […]
Posing as Elon Musk Nets Hacker About $180,000 Worth of Bitcoin so Far
Knowing that, enterprising hackers in recent days took over several “verified” accounts, tweaking their profiles to look like Elon Musk’s account. They then urged users to send a small amount of bitcoin BTCUSD, in exchange for the promise of more bitcoin to be sent back. One of the bitcoin wallets linked in the tweets has already […]
Bitcoin Futures Volatility Sets Record Low
Bitcoin was trading marginally lower Monday, but remains in its recent narrow trading range. In Monday trading, a single bitcoin BTCUSD, +0.37% was fetching $6,393.63, down 0.6% since 5 p.m. Eastern Time on Sunday on the Kraken crypto exchange. The No. 1 digital currency has spent the last five trading sessions inside the $6,300 to $6,400 range. As […]
Deloitte and Attest to Bring Digital Identity Solutions to the Government Market
Deloitte and Attest Inc. announced a new collaboration today to assist government clients with digital identity solutions to help solve for a host of government challenges. “In the blockchain pilots we’ve run with our government clients, digital identity can be a thorny issue,” said Wendy Henry, managing director, Deloitte Consulting LLP, and Deloitte’s government and public […]
Bitcoin bull Novogratz Forecasts $20k for Currency Next Year
Mike Novogratz, one of the best known investors in cryptocurrencies, believes bitcoin will shrug off its 2018 slump and return to hit $20,000 next year, as institutions and custodians take more interest in the sector. The former Goldman Sachs partner and hedge fund manager, who now heads crypto merchant bank Galaxy Digital, told Financial News […]
Google and Samsung Invest in Crypto Kitties Developer
Dapper Labs — the developer behind Crypto Kitties, the game that famously clogged up the Ethereum network — has announced that it has raised $15 million in a financing round led by Venrock. The investment arms of Google and Samsung also participated, bringing the total funds raised by the Canadian company to $27.85 million. Additional investors […]
BitMEX Research Launch Fork Monitoring Website
BitMEX launch of ForkMonitor.info, a new website sponsored by BitMEX Research. The website is connected to several different nodes, both Bitcoin and Bitcoin Cash implementations. It displays various pieces of information regarding the chains followed. This website can be useful for monitoring the situation during network upgrades (softforks or hardforks), as well as being potentially […]
South Korea’s Bithumb Eyes U.S. Security Token Exchange
South Korea’s top cryptocurrency exchange Bithumb has signed a deal with a U.S. fintech company to set up a security token exchange in America, industry sources said Thursday. The agreement with SeriesOne calls for Bithum to invest in and provide technical support for the establishment of the envisioned security token exchange in the world’s largest […]
BitMEX CEO Arthur Hayes: Bitcoin Bear Market Could Last 18 Months
The CEO of the world’s largest bitcoin derivatives trading platform believes the current crypto bear market could last a further 18 months. Bitcoin (BTC-GBP) surged to a high of over $20,000 (£15,676) in December last year but crashed at the start of 2018 and has traded in a tight range close to $6,300 for the […]
Hong Kong Exchange Preps DLT-Based Post-Trade Allocation and Processing Platform
Hong Kong Exchange and Clearing Limited (HKEX) is teaming up with Digital Asset to build a blockchain platform for post-trade allocation and processing of northbound trades under the Stock Connect programme with China. Stock Connect is a collaboration between HKEX and the Shanghai and Shenzhen stock exchanges that lets international and mainland Chinese investors trade […]
Government Funds New Zealand Crypto Platform
The government’s innovation arm, Callaghan Innovation, has invested $330,000 into a New Zealand cryptocurrency savings and trading platform. The investment comes as the platform rebrands from MyCryptoSaver to Vimba to reflect the expanded range of services the Auckland-based startup offers. “This is a truly significant investment from Callaghan Innovation and a real show of faith […]
Cryptocurrency market to grow at CAGR of 6.18%
The cryptocurrency market is projected to reach USD 1.40 billion by 2024 from USD 1.03 billion by 2019, at a CAGR of 6.18% during the forecast period. Growth in this market can largely be attributed to factors such as transparency of distributed ledger technology, high remittances in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and […]
Bitcoin’s ‘Patient Zero’ Says Crypto an Experiment That May Fail
Bitcoin is an intellectual experiment that could take years to prove successful, if it does at all, according to Xapo founder Wences Casares. “It may work, it might not work,” Casares said Monday in a Bloomberg Television interview. “We are in the equivalent of 1992 for the internet.” The Argentine entrepreneur — dubbed “Patient Zero” […]
