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. […]
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 […]
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 […]
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 […]
Multicoin Leads $10 Million SAFT Sale for Ethereum Scaling Blockchain Startup Skale Labs
Blockchain startup Skale Labs raised nearly $10 million in an effort to develop a blockchain scalability infrastructure for ethereum, the company announced Thursday. The startup says in a press statement that it raised $8.86 million in a Simple Agreement for Future Tokens (SAFT) sale led by Multicoin Capital, on top of $785,000 raised earlier this […]
Opera Delivers the First Desktop Browser with Crypto Wallet
Opera releasing the first Labs version of our Opera desktop browser (Mac, Linux or Windows) which lets you seamlessly interact with Ethereum Dapps and Web 3.0 without the need to install extensions or setup a new wallet. This means you can now pair your desktop browser with the built-in crypto wallet in your Opera for […]
Crypto Bull Thomas Lee Says Ethereum Is Poised for a Big Rally
Things may be looking up for Ether, the second most popular digital coin, according to cryptocurrency advocate Thomas Lee. The token, which has suffered a severe sell-off this year as investors retreated from the virtual-asset market, is about to bounce back, Lee wrote in a note to clients Thursday. Ether has lost half of its […]
Vitalik Buterin Says Zk-Snarks Could Scale Ethereum
A form of cryptography pioneered by zcash might help scale ethereum, the founder of the platform Vitalik Buterin said on a research forum Saturday. Named zk-snarks, Buterin wrote that by using the tech, ethereum can potentially scale “by a huge amount,” up to 500 transactions per second, without relying on layer-two scaling solutions, such as […]
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 […]
Kyber Network Is Enabling Merchant Payments in Any Ethereum Token
It’s a number that is growing by the hundreds every day, but the trouble is, according to Loi Luu, the CEO and co-founder of decentralized exchange Kyber Network, the majority of those tokens fall short of a practical use case. “What we observe is that most tokens are used only on exchanges for trading purposes […]
Ethereum’s Constantinople Hard Fork to Activate on Testnet in October
Ethereum’s upcoming hard fork, Constantinople, will activate in a testing environment next month, core developers agreed on Friday. Speaking in a bi-weekly video call, developers said the upgrade will activate around October 9 on a cross-client testnet, named Ropsten, which mimics the conditions of the ethereum network itself. However, due to the unpredictability of block confirmation times […]
Dapp Revival, Remme Launch, 1 Million Cryptokitties
There are green shoots of recovery throughout the crypto markets today, which some have attributed to Morgan Stanley’s reported foray into the field. We’ve got all the details on that one, plus other tales from across the cryptosphere on what’s shaping up to be a bullish day for bitcoin. Investment bank Morgan Stanley is looking […]
SEC Suspends Trading in Bitcoin and Ethereum Exchange-Traded Product
The regulator pointed to “a lack of current, consistent and accurate information” in the two crypto investment vehicles issued by Swedish firm XBT Provider AB following their entry into the US market last month. The U.S. Securities and Exchange Commission (SEC) on Sunday issued an order to halt the trading in Bitcoin Tracker One (CXBTF) […]
Crypto Growth Nears `Ceiling,’ Ethereum Co-Founder Buterin Says
There is no chance that the cryptocurrency and blockchain space will see “1,000-times growth” again, Ethereum (ETH) co-founder Vitalik Buterin stated in an interview with Bloomberg September 8. At an Ethereum and blockchain conference in Hong Kong, Buterin told Bloomberg that the rapid growth of crypto and blockchain industry is now reaching a “ceiling,” and […]
Payments Blockchain Stellar Hits Milestone
Stellar, the open source, community-owned cross-asset payment framework has achieved the milestone of 1,000,000 accounts on its network. This was revealed in a tweet posted by OrbitLens posted on Monday, August 27. Initially modelled and based and Ripple, Stellar has the goal of disrupting finance in three different ways simultaneously. It offers cross-asset transfer of […]
Crypto Exchange Giant Huobi Gains Controlling Interest in Public Firm
Crypto exchange giant Huobi has completed the purchase of majority shares of Hong Kong-based investment holding company, Patronics Holdings Limited (PHL). The development will see Huobi take over interest in an aggregate of 215,576,000 Shares, representing approximately 71.67% of the issued Shares as at the date of completing the transaction. Earlier this month, by the […]
Brazilian Crypto Investment Platform Atlas Hacked
Atlas, a popular Brazilian cryptocurrency investment platform, has been hacked. Although the company claims users’ funds are safe, the personal information of over 264,000 of its customers has been leaked. The security breach was first reported by the Investimentos Digitais (Digital Investments) YouTube channel. In total, there are 14,500 records of leaked data that detail […]
