Tiberius Delays Sale of Commodity-Backed Crypto
Tiberius Group AG delayed the sale of its commodity-backed cryptocurrency until December, blaming the move on credit-card companies. While the Switzerland-based asset manager and commodities trader received orders worth $1 million via its subsidiary Tiberius Technology Ventures AG, the fees from credit-card processors were unacceptably high, it said in a blog post Tuesday, ending more […]
Coinbase Calls Japan’s Cryptocurrency Crackdown ‘good for us’
Major U.S. cryptocurrency exchange Coinbase said Japan’s tighter scrutiny of the industry will give it an advantage, signaling the company’s confidence in securing regulatory approval to enter a market rocked by hacking scandals. Japan has been considered a cryptocurrency haven for its large pool of retail investors and light-touch government policies, but regulatory oversight has […]
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. […]
Italian Bank Consortium Trials Interbank Transfers on R3’s Corda
The second largest bank in Italy, Intesa Sanpaolo, and 13 other banks have successfully completed the first phase of an interbank reconciliation blockchain trial. The tests, which started on June 4, were held in conjunction with ABI Lab – a research lab supported by the Italian Banking Association (ABI) – and finished last week. The […]
Wall Street Thinks Bitcoin Have Bottomed but Twitter Users Doubt it
Wall Street institutions and Twitter users are split on bitcoin. But institutions, usually the more cautious ones, are more optimistic when it comes to calling a bottom, according to new surveys. Fundstrat managing partner and head of research Tom Lee polled 25 institutions during a recent dinner and compared their responses to the answers to […]
Blockchain: Manufacturing Market Forecast until 2025
The blockchain in manufacturing market is anticipated to rise at a significant rate from 2020 and 2025. The blockchain in manufacturing market is anticipated to be worth $30.00M by 2020 and $566.20M by 2025, increasing at a compound annual growth rate (CAGR) of 80.00 percent from 2020 and 2025. Key factors driving the rise of […]
Shining Light on WSJ’s Attack on ShapeShift and Crypto
Erik Voorhees is among the top-recognized serial Bitcoin advocates and entrepreneurs. He founded ShapeShift in August 2014 as an elegant, secure, and fast solution to digital asset exchanges. Erik has been a featured guest on Bloomberg, Fox Business, CNBC, BBC Radio, The Peter Schiff Show, and numerous blockchain industry conferences. His past affiliations include: BitInstant, […]
The Hong Kong Monetary Authority Launch of Faster Payment System
The Hong Kong Monetary Authority (HKMA) announced the launch of the Faster Payment System (FPS) today. The FPS is one of the seven initiatives announced by the HKMA in September 2017 for preparing Hong Kong to move into a new era of Smart Banking. The FPS operates on a round-the-clock basis and connects banks and […]
Mike Novogratz: Bitcoin is ready to grow again
Bitcoin bull Mike Novogratz thinks the cryptocurrency is poised for major growth. “You’re seeing now institutions moving in,” the founder and CEO of Galaxy Digital told CNN international correspondent Paula Newton on CNNMoney’s “Markets Now” on Wednesday. Novogratz pointed out that exchanges and big companies are starting to take the cryptocurrency more seriously. “Starbucks and […]
Blockchain Technology Could Reduce Uncertainty in Foreign Trade
In its new policy brief, the Austrian Research Center International Economics (FIW) has examined the possible effects of digitization, including blockchain technology, on the export economy, Cointelegraph auf Deutsch reports today, September 28. The report was prepared by Bernhard Dachs from the Austrian Institute of Technology on behalf of the Austrian Federal Ministry for Digital and Economic Affairs and draws a positive […]
Chinese Middle Class is Diversifying Their Investments with Cryptocurrencies
Less than 10% of China’s new middle class is placing crypto eggs in their wealth management baskets, according to the 2018 White Paper on the New Middle Class. This is the first time that the annual report is including Bitcoin and other cryptocurrencies as an investment option. The paper—published by famed financial writer and university […]
Bitcoin Price Could Crash to $100
There’s something about a prolonged cryptocurrency market downturn that leaves bears jockeying to be the one to twist the final knife in bitcoin’s battle-scarred back. The latest jab comes from Marek Paciorkowski, a financial market analyst at Polish forex platform Aforti Exchange S.A. Speaking in an interview with Romanian financial publication Business Review, Paciorkowski speculated […]
Popular Thai Foreign Exchange Chain to Add Cryptocurrencies
Superrich International Exchange, a popular foreign currency exchange chain in Thailand, has reportedly revealed a plan to begin offering travelers cryptocurrency exchange service in addition to 32 fiat currencies. The company has 49 locations in Thailand, one in Cambodia, one in Britain, and is also in talks with regulators to start operations in Laos. Having […]
U.S. Govt. Goes All in on Tracking Cryptocurrency Usage
Citing public records, research firm Diar reports that U.S. government agencies have collectively spent $5.7 million hiring contractors who perform blockchain analysis, which involves linking an individual’s identity with their cryptocurrency funds. Though there are tools and even individual cryptocurrencies that purport to allow users to send funds anonymously, the vast majority of cryptocurrency users leave enough of a trail that, […]
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 […]
Hong Kong Exchange Said to Eye Tech Assets in New Strategy
The owner of Hong Kong’s stock exchange, after years of pinning its growth plans to the city’s tighter integration with China, is changing tack and eyeing technology acquisitions, people with knowledge of the matter said. Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Charles Li is considering takeovers in the data, analytics and blockchain […]
Charlie Lee Defends Litecoin Against ‘FUD’ from Short-Sellers
Litecoin creator Charlie Lee is striking back at what he calls a “concerted effort to suppress” the LTC price on the party of bearish traders and hedge funds who are attempting to short the coin. Writing in a thread posted on Twitter, Lee — who created LTC in 2011 and now develops it full-time — […]
Startup Launches Blockchain Powered Electric Vehicles That Mine Cryptocurrency
A Singapore blockchain startup is launching a fleet of blockchain-enabled electric vehicles that mine crypto as users travel. The company intends to reduce carbon emissions and to reward people for doing so. Road vehicles such as cars, trucks and motorcycles are the largest contributors of CO2 emissions in the transport sector, overshadowing that of trains, […]
