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 […]
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 […]
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” […]
Multy Crypto Wallet Enables Multisignature Scheme for Android and iOS
Multy, an open-source mobile wallet for Bitcoin and Ethereum, announced enabling multi-signature scheme for wallets with more than one owner. This feature makes it easy to control company and family budgets by several owners of one wallet. Vadim Makovsky, Co-founder and CEO of Multy stated, “In Multy, we believe that using cryptocurrencies should be secure, […]
Central Bank Digital Currencies
The issue of central bank digital currencies has come to the fore over the last two years. Although a relatively new popular phenomenon, digital currencies have existed for decades. This report, a collaboration between IBM Blockchain World Wire and OMFIF, explains the purpose of wholesale central bank digital currencies, as well as the motivations and […]
MGT Capital Enters into Agreement to Relocate Swedish Bitcoin Miners to Colorado
MGT Capital announced that it entered into a hosting agreement for a facility in Colorado Springs, CO to support its Bitcoin mining operations. As previously disclosed, the Company has been analyzing various options to relocate its approximately 6,300 S9 Antminer Bitcoin Miners presently housed in northern Sweden. Stephen Schaeffer, MGT’s Chief Operating Officer provided the […]
Bakkt Could Get Regulatory Green-Light for its Bitcoin Futures as Soon as Next Week
Intercontinental Exchange’s Bakkt could get the green-light to launch its bitcoin futures product as soon as next week, according to a source with direct knowledge of the situation. Bakkt, the cryptocurrency platform, in recent weeks has been meeting frequently with regulators from the Commodities Futures Trading Commission to get its product approved. A source said […]
Sony Develops Cryptocurrency Hardware Wallet Technology Using IC Cards
Sony Computer Science Laboratories, Inc. has developed a contactless IC card type cryptocurrency “hardware wallet technology *1 ” by utilizing Sony Corporation’s IC card technology. Currently, many cryptocurrency users are trading cryptocurrencies using online wallets *2 from the locations where they initially purchased their cryptocurrencies. When a user owns a cryptocurrency, what they actually own […]
1st Bitcoin ATM in Bengaluru Seized, Co-Founder Held
A 37-year-old man was arrested here on Tuesday for running India’s first bitcoin ATM kiosk, which police called illegal as it had been set up without approvals. Harish BV, from Tumakuru and co-founder of Unocoin Technologies, Rajajinagar, operated the kiosk at Kemp Fort Mall on Old Airport Road. The kiosk facilitated cryptocurrency deals. Central Crime […]
Square’s Open-Sources Bitcoin Cold Storage Solution
Late last year, Square began offering the ability to buy and sell Bitcoin with Cash App. As part of that launch Square invested heavily in building out our cryptocurrency infrastructure to help protect Square customers’ funds, and Square itself, from both internal and external threats. Cryptocurrencies like Bitcoin require private keys to access and move […]
COBINHOOD Cryptocurrency Exchange Launches Margin Trading
COBINHOOD, the next-generation cryptocurrency service platform and zero-fee exchange, today announced the launch of Margin Trading on its platform. Starting October 19, COBINHOOD users, from the novice to the experienced, are able to maximize their trading power and tap into unused funds for greater value. The comprehensive features include: Margin Trading which allows users to trade more than […]
The Worst Yet to Come for African Cryptocurrency Exchanges
Exchanges in the African continent have been relatively unscathed, suffering scant losses amidst the $930 million that’s been stolen from global exchanges so far this year, according to data by U.S. cyber security firm Ciphertrace. The most notable assault on investor funds in the continent of 1.2 billion people happened around March in South Africa. […]
Coinbase Expands with New Dublin Office
The number of Coinbase customers in the European Union (EU) grew faster than any other market in 2017. As we scale, we need to attract the best, most qualified and passionate talent to help us achieve our mission of creating an open financial system for the world. We explored a variety of cities across the […]
Iranian Bitcoin Transactions Estimated at $3.8M Since 2013
The U.S. organization, known as Fincen, issued the warning in an advisory to assist U.S. banks and other financial actors such as cryptocurrency exchanges in identifying “potentially illicit transactions related to the Islamic Republic of Iran.” The document includes a lengthy section relating to crypto, as well as an estimate that “since 2013, Iran’s use […]
Crypto Exchange Bithumb Launches Crypto Indices
Bithumb announced Wednesday the launch of Bithumb Crypto Index (BTCI) which comprises two separate indices. BTMI is calculated based on all cryptocurrencies listed on Bithumb while BTAI only takes into account “all non-bitcoin cryptocurrencies” listed on the exchange. The former aims to provide “an overall view of the price changes in the cryptocurrency market” while […]
Indian Cryptocurrency Exchange Unocoin Launch First Crypto ATMs
Indian Cryptocurrency Exchange Unocoin is launching, perhaps country’s first, crypto ATM with more details to be revealed in a week’s time, Bengaluru-based startup’s founder Sathvik Vishwanath has confirmed. The words “instant deposit & withdrawals for your Unocoin account” are written on the machine, along with “exclusive for Unocoin customers” and “credit & debit cards are […]
