Cryptocurrency News


  • Market Cap: $216.30 B
  • 24h Vol: $68.22 B
  • BTC Dominance: 69.25%
  • Ant Financial Aims to Launch Its Enterprise Blockchain Platform This Month
    by Marie Huillet on January 8, 2020 at 12:27 pm

    Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, is reportedly launching its enterprise-focused “Ant Blockchain Open Alliance” platform this month. Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, is reportedly launching its enterprise-focused “Ant Blockchain Open Alliance” platform this month.Local news agency Bihai123 reported on Jan. 8 that Ant Financial Group vice president Jiang Guofei, who is also president of Ant’s smart technology business group, revealed that the network has been live in beta as of Nov. 2019, and will imminently […]

  • Report: Cryptocurrencies Show Signs of Maturing But Remain Too Risky
    by Andrey Shevchenko on January 8, 2020 at 11:26 am

    Bitcoin decreased in volatility and correlation with altcoins in 2019, but risk-adjusted returns are still lower than those of the S&P 500. Bitcoin (BTC) presented historically low volatility this year, argues the Dec. 2019 SFOX report released on Jan. 8. Coupled with a lower correlation with altcoins, there are emerging signs that the market could start to behave in a more predictable way. However, the cryptocurrency asset class remains disproportionately risky compared to the stock market.In its final monthly report for 2019, the analytics firm SFOX analyzed the yearly performance of Bitcoin and other […]

  • COO Parts Ways With OKEx to Focus on Mass Adoption Through Consultancy
    by Jack Martin on January 8, 2020 at 11:18 am

    Former OKEx COO leaves the company to help cryptocurrency achieve mass adoption through new blockchain consultancy institute. OKEx chief operating officer Andy Cheung announced Jan. 7 that he has resigned from the cryptocurrency exchange to form a new blockchain consultancy institute called Bitwork. The entrepreneur’s stated goal is to help projects connect to markets and drive mass adoption.Helping create quality projectsCheung claimed that his contribution toward the mass adoption of cryptocurrency is very limited within an exchange. Therefore, with OKEx’s blessing, he left to better achieve these stated […]

  • ‘Cryptocultists’ May Stop Bitcoin Bull Market — Trader Who Called $20K
    by William Suberg on January 8, 2020 at 10:59 am

    The often deadly accurate Peter Brandt says technicals are encouraging for Bitcoin price, but the market itself may not have the right composition. Bitcoin (BTC) returning to a bull market depends on whether “cryptocultists” have already exited the market, veteran trader Peter Brandt has warned.In a tweet on Jan. 8, Brandt, who has become a regular Bitcoin pundit in recent years, confirmed he was eyeing current price activity to determine the likely next move.Brandt: Bitcoin needs “cryptocultist shakeout”BTC/USD gained 5.5% in the 24 hours to press time, retaking $8,000 in a move many previously […]

  • Directors of Alleged Crypto Pyramid Scheme Dunamiscoins Stand Trial
    by Marie Huillet on January 8, 2020 at 10:37 am

    Two directors of Dunamiscoins, an alleged cryptocurrency pyramid scheme in Uganda, appeared before court on Monday to face 65 counts tied to obtaining money by false pretense. Two directors of Dunamiscoins, an alleged cryptocurrency pyramid scheme in Uganda, appeared before court on Monday to face 65 counts tied to obtaining money by false pretense.Local news site The Observer reported on Jan. 8 that state prosecutors had logged over 4,000 complaints against Dunamiscoins Resources Ltd., a suspected fraud that ran its course between Feb. 2018 and Dec. 2019, before summarily collapsing. Inquiries are reportedly still […]

  • Binance Crypto Exchange Adds Support for Australian Dollars and Thai Baht
    by Adrian Zmudzinski on January 8, 2020 at 9:58 am

    Major cryptocurrency exchange Binance has added support for Australian dollars and Thai baht. Major cryptocurrency exchange Binance added support for Australian dollars (AUD) and Thai baht.Binance announced support for the national currencies in separate releases on Jan. 7. Thai digital asset exchange Satang Corporation will process Thai baht transfers, while Australian dollar transfers will be facilitated by Banxa, a company specialized in internationally compliant fiat-to-crypto gateways. Satang’s fiat processing service is integrated into Binance’s trading platform by means of a recently launched […]

  • Crypto Custody, Explained
    by Connor Blenkinsop on January 8, 2020 at 9:30 am

    Crypto custody is the latest buzzword in the industry — but does it have the potential to interest institutional investors in digital assets? Where next for crypto custody?Financial institutions, regulators and investors are continuing to grapple with the issue of crypto custody.Hearing stories from those who are plugged into these discussions can offer valuable clarity to what lies ahead.The Crypto Finance Conference in the Swiss ski resort of St. Moritz, which is being held Jan. 15–17, is the perfect forum for lively debate and intelligence about the opportunities and challenges that lie ahead for the […]

  • Bitcoin Price Rockets to $8,450 as Iran Attacks US Bases in Iraq
    by Horus Hughes on January 8, 2020 at 5:14 am

    Bitcoin price galloped past the $8.3K resistance and above the long term descending channel in a move many say is fueled by escalating tensions between the U.S. and Iran. On Tuesday Bitcoin price (BTC) continued the rally of the previous day by retaking $8,000 then pushing above the 200-day moving average for the first time since November 2019. The strong upside move also brought the digital asset above the long-term descending channel which formed on Jun. 25 and outside of today’s channel breach, Bitcoin had been pinned beneath the trendline since Oct. 26 when Chinese President Xi Jinping called for China to fast […]

  • $17M Funding Round in Startup to Bring Blockchain Tech Into ETFs
    by Benjamin Pirus on January 7, 2020 at 10:20 pm

    Blockchain startup Securrency receives over $17 million in funding as asset manager WisdomTree leads the charge to bring blockchain to ETFs. As a Bitcoin exchange-traded fund (ETF) continue to elude U.S. markets, one startup has secured $17 million that seem earmarked to bring blockchain tech to ETFs.WisdomTree announced investment in a startup called Securrency Inc., one of the top institutional-grade blockchain builders in the financial and regulatory space, per a Jan. 7 press release. An asset manager, ETF and exchange traded-product (ETP) backer, WisdomTree is looking to harness blockchain technology for the ETF […]

  • Android Platform Now Home to Coinbase Pro Trading App
    by Benjamin Pirus on January 7, 2020 at 9:40 pm

    Cryptocurrency exchange Coinbase Pro has made its trading app available for Android users. Coinbase has expanded compatibility for its trading platform, Coinbase Pro. The Coinbase Pro mobile app is now available on Android’s operating system, Coinbase said in a Jan. 7 blog announcement. The exchange unveiled its Pro app for iPhone (iOS) users in October 2019. Coinbase Pro on Android touts updates to the already-available iOS app version, including crypto and fiat currency (USD, CAD, etc.) deposit and withdrawal capabilities, as well as additional security features, the blog post said. Coinbase has also […]

  • Telegram Releases Eagerly Awaited Update on Future of TON
    by Caileam Raleigh on January 7, 2020 at 8:42 pm

    Messenger app Telegram has released a long-awaited update on the future of its TON blockchain and its native Gram tokens, clarifying certain aspects of the project as it remains embroiled in a lawsuit by the US Securities and Exchange Commission as to whether two ICOs conducted in 2018 should have been registered with the commission. Telegram messenger is an immensely popular platform in the world of crypto, central to the discourse on the topic, and has been working on developing its own blockchain since 2017. Multiple rumors have been spreading regarding the project, and while Telegram ... Read The Full Article On […]

  • Though 'Intriguing,' Crypto Won't Dethrone Dollar, Says IMF Economist
    by Benjamin Pirus on January 7, 2020 at 7:29 pm

    IMF chief economist Gita Gopinath said she sees too many different complications blocking a digital currency from overtaking the U.S. dollar. Digital currencies have gained prominence over the last few years, although such options will not budge the U.S. dollar from its seat of prominence, according to chief economist International Monetary Fund (IMF) Gita Gopinath.“Improvements in payment technology may have lowered the cost of switching from cash to digital payments, but there is little evidence they have done much to reduce the expense of moving among currencies,” Gopinath said in an opinion piece for the […]

  • US SEC Prioritizes Crypto Compliance in 2020, But Hints at Kinder Gentler Approach
    by Kollen Post on January 7, 2020 at 7:16 pm

    The United States SEC will be looking for greater crypto compliance in 2020, but the announcement suggests a softening of attitude. The United States Securities Exchange Commission continues to scrutinize crypto as its compliance office adds fintech and digital assets to its annual priorities list.Per a Jan. 7 announcement from the SEC’s Office of Compliance Inspections and Examinations (OCIE), the agency has put new financial technologies including digital assets among major concerns in the coming fiscal year.In the words of the regulator, new technological developments in capital formation and investment advice […]

  • 4 Signs the Cryptocurrency Altcoin Market May Have Finally Bottomed
    by Michaël van de Poppe on January 7, 2020 at 6:38 pm

    As Bitcoin price climbs, several key indicators suggest that altcoins may have bottomed as many appear in the process of staging trend reversals. Bitcoin (BTC) made a sudden jump of 9% in the past 24 hours. However, altcoin cryptocurrencies have been showing strength recently as well.Recent surges from large caps have been in the double digits with Dash (DASH) surging 50% and Bitcoin Cash (BCH) 30% in the past four days. Is it possible to draw a conclusion that the altcoin market capitalization is potentially bottoming? Let’s find out.Crypto market daily performance. Source: Coin360Altcoins retraced to their cycle […]

  • Former Bakkt CEO Sworn Into Senate, Casts 1st Vote to Support Trump
    by Helen Partz on January 7, 2020 at 6:32 pm

    Kelly Loeffler, former CEO at the ICE-backed cryptocurrency trading platform Bakkt, has been sworn into the United States Senate. Kelly Loeffler, former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, has been sworn into the United States Senate.In a Jan. 6 tweet, Loeffler announced that she was sworn into the U.S. Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator.Loeffler casts first vote to support Trump’s pickto lead the Small Business AdministrationIn the announcement, Loeffler said that she had already cast her first vote to support […]

  • What Happens If the US Loses the Blockchain War?
    by Paul McNeil on January 7, 2020 at 5:43 pm

    If the U.S. keeps ignoring the blockchain tech space in terms of cooperation between public and private sectors, China might win this war. While Mark Zuckerberg was fighting with the United States Congress over Facebook’s Libra, China took another step forward in the global technology race. President Xi Jinping called on his country to “seize the opportunity” in order to become a leader in blockchain technology as it tries to do likewise with artificial intelligence.This could be an opportunity for China, which has already become the world’s leading trading nation, to stand up to the first economic […]

  • Turkey's Financial Watchdog Plans to Regulate Crypto Markets, Report Says
    by Erhan Kahraman on January 7, 2020 at 5:38 pm

    Capital Markets Board of Turkey, the country’s securities regulation agency, has plans to step up guidance and oversight of crypto transactions in 2020. Capital Markets Board of Turkey has plans to regulate crypto transactions, according to local sources.Capital Markets Board of Turkey (CMB), the regulatory body overseeing securities markets in the country, is developing a guideline to observe, audit, and regulate the crypto markets in the country, major Turkish media outlet Hurriyet reported on Jan. 4.Public authorities in Turkey have concerns regarding the protection of investors in crypto markets. The government […]

  • CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi
    by Adrian Zmudzinski on January 7, 2020 at 3:40 pm

    The CFTC is having trouble locating a man allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million.Financial news outlet FinanceFeeds reported on Jan. 6 that the CFTC has filed a motion with the New York Southern District Court. More precisely, the regulator filed for the service of process on Reynolds by publication on The Daily Telegraph and extending for sixty days the time limit by which the service […]

  • Major Spanish Bank Latest to Bring Blockchain Into European Finance
    by Rachel Wolfson on January 7, 2020 at 2:49 pm

    CaixaBank adds we.trade to its service catalog, becoming one of Europe’s first bank to give customers access to blockchain technology. On Jan. 3 Spain-based CaixaBank added the blockchain-powered finance platform We.trade to its list of services. CaixaBank has now become one of the first banks in Europe to provide its customers access to blockchain technology.Launched in 2017, We.trade is a finance platform powered by IBM’s blockchain technology. It was developed by a consortium of 15 financial institutions from around Europe, like UBS and Societe Generale, and it works to provide businesses with a […]

  • Bitcoin Scam Ads Featuring Martin Lewis Now Spotted on Instagram
    by Helen Partz on January 7, 2020 at 1:42 pm

    Fake Martin Lewis Bitcoin scam ads have been spotted on Instagram after Lewis settled a defamation lawsuit against Facebook in 2019. Bitcoin (BTC) scam ads featuring the likeness of Martin Lewis have continued to appear on social media despite Lewis’ previous efforts to prevent such illegal practices.After the British financial expert settled a defamation lawsuit against Facebook for showing unendorsed fake Lewis crypto ads in 2019, new scam adverts have now been spotted on Facebook-owned Instagram.Reported by Twitter user @peterfinn5252 on Jan. 7, the scam Instagram ad shows Lewis’ face to promote a fake […]

  • SBI, GMO Reportedly Sign Deal with Operator of World’s Largest Bitcoin Mining Site
    by Marie Huillet on January 7, 2020 at 1:38 pm

    The operator of what is set to become the world’s largest Bitcoin mining facility has reportedly signed a deal with Japanese financial services giant SBI and internet provider GMO. The operator of what is set to become the world’s largest Bitcoin (BTC) mining facility has reportedly signed a deal with Japanese financial services giant SBI and internet provider GMO.A Jan. 7 BNN Bloomberg report claims that the two Japanese mega-firms have agreed in principle to process cryptocurrency transactions at a new mining facility — of unprecedented scale — now being developed in Rockdale, Texas.The facility […]

  • Court Denies SEC Request to Make Telegram Reveal ICO Bank Records
    by Helen Partz on January 7, 2020 at 1:27 pm

    Telegram will still have to prove that its bank records comply with foreign data privacy laws despite a U.S. court denying a Jan. 2 application by the SEC. The District Court for the Southern District of New York has denied a request by the United States’ securities regulator to make Telegram reveal its bank records.According to a Jan. 6 court order signed by Judge P. Kevin Caste, the court has denied an application by the U.S. Securities and Exchange Commission (SEC) to “compel the production of defendant’s bank records.” Telegram must prove that its bank records comply with data privacy […]

  • Litecoin ‘Largest Miner Capitulation’ Great News for Bitcoin — Analyst
    by William Suberg on January 7, 2020 at 1:11 pm

    An about-turn in mining difficulty for Litecoin could foretell a bull run for Bitcoin price as well, the statistician says, as markets continue pushing $8,000. Bitcoin (BTC) could have its bull market induced by Litecoin (LTC) as the latter enters a bullish renaissance, noted statistician Willy Woo has forecast.In a series of tweets on Jan. 6, Woo, well known in crypto circles as the creator of data resource Woobull, highlighted an upturn in Litecoin’s fortunes in recent weeks.Woo: Litecoin difficulty “in recovery”Specifically, it is the altcoin’s mining difficulty that has begun rising once more […]

  • Messenger Giant Line’s Crypto Exchange to Delist XRP This Month
    by Adrian Zmudzinski on January 7, 2020 at 11:49 am

    BitBox, the Singapore-based cryptocurrency exchange of internet messaging giant Line, announced that it will delist XRP on Jan. 16. BitBox, the Singapore-based cryptocurrency exchange operated by internet messaging giant Line, announced that it will delist XRP on Jan. 16.Cointelegraph Japan reported BitBox’s decision earlier today. The announcement published on the exchange’s website on Jan. 6 read:“We keep a constant watch on all coins that are being traded on BITBOX. If a coin does not meet our standards based on its performance, reliability, liquidity, or law and regulatory requirements, it will be […]

  • Bitcoin Flashes Wyckoff ‘Sign of Strength’ Hinting at New Bull Market
    by William Suberg on January 7, 2020 at 10:38 am

    An overnight push to nearly $8K means Bitcoin is adhering to the bullish comeback features pioneered in the Wyckoff Method, suggests a prominent analyst. Bitcoin (BTC) may have just signaled its return to a bull market, according to fresh analysis using a century-old price prediction method.In a tweet on Jan. 7, ex-Goldman Sachs analyst Murad Mahmudov channeled the work of Richard Wyckoff to suggest Bitcoin was in the process of a major recovery. BTC puts in Wyckoff “SOS”BTC/USD cracked resistance at $7,600 on Monday, surprising punters who considered the levels too difficult to pass under current […]

  • Major South Korean Crypto Exchange Bithumb Launches R&D Center
    by Adrian Zmudzinski on January 7, 2020 at 9:45 am

    South Korean cryptocurrency exchange Bithumb establishes its own research and development center. South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center.According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for the research center’s impact on the company:“Bithumb will become a leading company in the blockchain and cryptocurrency ecosystem by strengthening its own R&D capabilities.”The center’s purposeThe new […]

  • Law Enforcement Requests to Kraken Hit All-Time-High, Up 49% in 2019
    by Marie Huillet on January 7, 2020 at 9:41 am

    Law enforcement requests to cryptocurrency exchange Kraken hit their highest ever volume in 2019, rising 49% to 710 as compared with 475 the previous year. Law enforcement requests to cryptocurrency exchange Kraken hit their highest ever volume in 2019, rising 49% to 710 as compared with 475 the previous year.The data was revealed in a tweet from the exchange on Jan. 6, which included a snapshot taken from the new 2019 Transparency Report from Kraken’s compliance team.Screenshot, 2019 Global Law Enforcement Requests. Source: @krakenfxAmerican, British and Danish agencies the most proactiveAs the snapshot reveals, […]

  • Bitcoin Price Rallies 5.5% to $8K – Is $8.2K the Next Stop?
    by Horus Hughes on January 7, 2020 at 3:45 am

    Bitcoin price rallied 5.5% to cross above the $7.6K resistance, briefly gaining above $8K and leading traders to call for a trend reversal. On Monday during the U.S. evening trading session, Bitcoin (BTC) price continued its rally from $7,358 and at the time of writing the price pushed as high as $8,000. For the past week, traders have been closely watching to see if Bitcoin could flip $7,450 from a resistance to support and many suggested that sustained move above $7,600 would open the door for a shot at the $8,000 to $8,200 range. The 4-hour close above $7,600 pulled the price above the 50-day moving average (MA) […]

  • ‘Pro-Bitcoin’ Telegram Group Enters Read-Only Mode, Group Contributor Says Reason Unclear
    by Rachel Wolfson on January 6, 2020 at 10:05 pm

    Crypto community wonders why Nakamoto Telegram channel enters read-only mode – could this be due to spam and trolls or something else. On Jan. 3 a “pro-Bitcoin” news outlet called “Nakamoto” launched with the stated intention of letting industry thought leaders share positive content about cryptocurrencies.According to the about section of the Nakamoto website, the platform was launched “to create a venue for quality technical, philosophical, and cultural writing that is of general interest to the crypto community as a whole, for beginners and experts alike.”The news site […]

  • US State of Virginia Legislature Looks to Blockchain for Elections
    by Joeri Cant on January 6, 2020 at 9:14 pm

    Virginia’s state legislature looks to study blockchain technology in a bid to protect voter records and election results. In the United States, Virginia’s state legislature looks to study blockchain to improve elections and voting.Prefiled on Dec. 27 and scheduled for offering on Jan. 8, a new bill requesting further study into blockchain-based elections has emerged in Virginia’s General Assembly. The bill, House Joint Resolution 23, asks the Department of Elections to determine whether blockchain technology should be considered to secure voter records and election results.What the bill could mean for […]

  • Tax Compliance Firm TaxBit Raises $5M to Improve Crypto Tax Reporting
    by Helen Partz on January 6, 2020 at 7:59 pm

    Launched in 2019, TaxBit’s tax reporting solution was built by not just developers but a team of CPAs, tax attorneys and software developers. TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from the Winklevoss twins’ family office, Winklevoss Capital.In a Jan. 6 announcement, TaxBit said that it plans to use the raised funds to enhance its software products on an international scale as its tax reporting tool has amassed thousands of everyday crypto users so far. Specifically, the Utah-based firm is planning to accelerate customer growth both in the […]

  • Bitmain Co-Founder Starts Legal Battle to Regain Control
    by Caileam Raleigh on January 3, 2020 at 10:51 pm

    Bitmain co-founder Micree Zhan Ketuan has initiated legal proceedings to regain control of the company with the filing of a summons in the Cayman Islands. Bitmain Technologies is one of the largest crypto mining firms in the world and has been caught in turmoil since October when the company’s other co-founder, Jihan Wu, announced Zahn’s departure from the firm, saying, “Bitmain’s co-founder, chairman, legal representative and executive director Jihan Wu has decided to dismiss all roles of Ketuan Zhan, effective immediately.” Zhan responded by saying he had been ousted from the company he had ... Read […]

  • Libra Has ‘Failed’ in Its Current Form Says Swiss Finance Minister
    by Caileam Raleigh on December 30, 2019 at 11:17 pm

    Libra, the much-scrutinized proposed cryptocurrency from Facebook (NASDAQ:FB), has “failed in its current form,” according to Swiss President and Finance Minister Ueli Maurer. Swiss President Critical of Libra Basket Maurer, who is in the final days of his year-long term as President of the Swiss Confederation, was speaking to the country’s national TV network SRF when he said, “I don’t think (Libra has a chance in its current form), because central banks will not accept the basket of currencies underpinning it,” adding that “the project, in this form, has thus failed.” The Libra […]

  • Libra Lacks Strategic Plan for 2020 Launch, Says Board Member
    by Ankit Singhania on December 20, 2019 at 6:49 pm

    Ever since Facebook announced earlier this year that it was going to launch its own cryptocurrency, Libra, the token has been met with a lot of skepticism. Leading regulators at some of the world’s central banks, as well as United States President Donald Trump, have criticized different aspects of Libra. Major Details In a new development, one of the board members of the Libra Association, Patrick Ellis, has stated that there is still no plan with regards to the launch of the token. He added that the association is not sure how or when the token ... Read The Full Article On CryptoCurrencyNews.com […]

  • SEC Seeks British Assistance in Getting Testimony of Ex-Telegram CIO
    by Caileam Raleigh on December 10, 2019 at 8:23 pm

    The Securities and Exchange Commission (SEC) has filed a proposed order with the US District Court for the Southern District of New York to request the British High Court’s assistance in getting the testimony of Telegram’s former chief investment advisor, John Hyman. Telegram has been embroiled in a longstanding legal wrangle with the SEC over whether two ICOs conducted in 2018 should have been registered with the commission. Between January and March 2018, Telegram raised in excess of $1.7 billion USD from 171 investors, including $424.5 million USD from 39 United States investors, through an unregistered ... Read The […]

  • Libra Co-Founder Says It Isn’t Competing With Fiat Currencies
    by Caileam Raleigh on November 26, 2019 at 8:01 pm

    Libra co-founder and chief economist of Calibra Wallet Christian Catalini has attempted to clear up misconceptions in relation to the planned digital coin in an interview with CNN’s Julia Chatterley. The release of the whitepaper on Facebook’s (NASDAQ:FB) proposed coin back in June prompted massive debate from politicians around the world, most of which vehemently oppose the plan as they feel it poses a threat to the economic sovereignty of nations. Catalini has attempted to allay some of those concerns by saying that Libra is, at its most basic, a payment network that will allow for ... Read The Full Article On […]

  • Grayscale Files to Become First SEC Reporting Crypto Fund
    by Ankit Singhania on November 20, 2019 at 8:30 pm

    Grayscale Bitcoin Trust is trading higher by 3% after it filed Form 10 with the United States Securities and Exchange Commission (SEC) to become the first-ever crypto fund to report to the regulator. Major Development The crypto ecosystem has grown at a breakneck pace over the past few years, and it can be said that a viable ecosystem has taken shape. Things like a Bitcoin fund could not have been envisaged half a decade ago, but they are now a reality. In a new development, one of those funds is going to report to the United ... Read The Full Article On CryptoCurrencyNews.com Get latest […]

  • Libra Testnet Surpasses 50,000 Transactions Since September Launch
    by Caileam Raleigh on November 18, 2019 at 10:28 pm

    The Libra testnet has logged over 51,000 transactions since it was reset in September, with 34 projects having been developed on the network according to an update released by The Libra Association last week. In a blog post titled “Five months and growing strong: the Libra project,” the project’s lead developer, Michael Engle, said, “It’s been just five months since we announced the Libra project on June 18, 2019, and nearly a month since the Association charter was signed by its members in Geneva. We’ve been working diligently to build the global community of developers and ... Read The Full […]

  • Kik “Void for Vagueness” Plea Against SEC Dismissed by Judge
    by Caileam Raleigh on November 14, 2019 at 10:46 pm

    Kik, the former messaging app now shifting its focus to cryptocurrency, has been involved in a court case with the SEC, which alleges that a 2017 ICO breached the commission’s regulations due to the fact that its coin, Kin, is actually a security. Kik Legal Team Struggle for Plausible Explanation The legal team for Kik has argued in the court of the Southern District of New York that the case against it is null and void based on the premise that the legal definition of an “investment contract” is unclear. However, the presiding judge has dismissed ... Read The Full Article On CryptoCurrencyNews.com […]

  • Canaan Targets $100 Million Through US IPO: Key Points to Watch
    by Ankit Singhania on November 14, 2019 at 6:17 pm

    One of the most significant developments of the past few months in the crypto sphere has been the potential initial public offering of Bitcoin miner maker Canaan. The company is the second-biggest company in the category, and its IPO is all set to be one of the biggest events in the crypto space this year. In a new development, the company stated that it wishes to raise as much as $100 million from its IPO in the United States. The statement is a bullish one and goes to show that the company is highly optimistic about ... Read The Full Article On CryptoCurrencyNews.com Get latest […]

  • Telegram Denies All SEC Allegations and Requests Dismissal of Trial
    by Caileam Raleigh on November 13, 2019 at 10:35 pm

    Telegram has refuted allegations by the US Securities and Exchanges Commission in court, which claim that the planned Gram token from the messaging app is a security and, therefore, subject to regulations from the commission and has requested that the trial be dismissed because of this. Last month, the SEC successfully sought an injunction preventing Telegram from launching TON due to the fact that the ICO used to raise funds to develop the network was illegal. As a result of the injunction, investors in two separate ICOs were offered the chance to receive 77% of their ... Read The Full Article On CryptoCurrencyNews.com […]

  • uBUCK Signs Strategic Alliance Agreement with Deltec Bank & Trust
    by Kristen Moran on November 7, 2019 at 5:08 pm

    LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) and its subsidiary uBUCK Technologies announced some exciting news this week that will offer the digital wallet and payment platform a major edge on its competition. uBUCK announced that it has signed an alliance agreement to form a strategic commercial relationship with Deltec Bank & Trust, a diversified independent financial institution that is based in The Bahamas. Deltec, which provides a range of private banking expertise, corporate and merchant banking capabilities, digital asset financial services, fund administration, investment management, and insurance solutions to its […]

  • Microsoft Targets Blockchain Tokens: Unveils Platform for Minting Enterprise
    by Ankit Singhania on November 4, 2019 at 7:18 pm

    It goes without saying that the blockchain industry has come a long way over the last decade, and it is no wonder that an idea like that of blockchain tokens is finally taking concrete shape. In a new development that is going to cause waves in the crypto sphere, tech behemoth Microsoft announced that it is going to create a platform that is going to help create crypto tokens with ease. Microsoft has stated that creating crypto tokens is going to be made far easier through this platform, and it is apparently going to be as ... Read The Full Article On CryptoCurrencyNews.com Get latest […]

  • Telegram Releases Test Gram Wallet Despite Pending SEC Suit
    by Caileam Raleigh on November 1, 2019 at 9:59 pm

    Telegram has released a test version of its desktop wallet for its own digital coin, known as Grams, despite an injunction from the SEC preventing the launch of its planned blockchain, Telegram Open Network (TON). Users can download the desktop app on Windows, macOS, and Linux 64 bit from Telegram’s official website. The app greets users with the message, “Now you have a wallet only you control – directly, without middlemen or bankers.” Users can also engage in test transactions with Grams distributed by a special Telegram bot; however, it warns that these transactions could be ... Read The […]

  • Libra Chief Praises Its Anti Money Laundering Standards
    by Caileam Raleigh on October 31, 2019 at 9:39 pm

    Libra Chief David Marcus has claimed that the Anti Money Laundering Standards of the underfire project are superior to any other payment networks on the market today. Libra Scrutiny Means Its On Track, Says Chief Marcus is the CEO of Calibra, the corresponding digital wallet of Libra, and previously served as president of PayPal and a member of the Board of Directors at Coinbase. Speaking at the Money 20/20 conference in Las Vegas, he said, “I want to say that the efficacy of sanction enforcing can be much higher on Libra than other payments networks.” He ... Read The Full Article On CryptoCurrencyNews.com […]

  • Canaan Creative Files for $400 Million IPO in the US
    by Ankit Singhania on October 29, 2019 at 5:30 pm

    Over the past few years, a whole new ecosystem has emerged due to the staggering growth enjoyed by Bitcoin, and one of the more well-known constituents of that ecosystem is Bitcoin miner maker Canaan Creative. In a new development, it has emerged that Canaan has decided to go public in the United States. Listing on Nasdaq The company wants to be listed on NASDAQ, and according to the documents filed by Canaan, it wants to raise $400 million from the listing. Bitcoin mining is the backbone on which the entire cryptocurrency market is dependent, and Canaan ... Read The Full Article On CryptoCurrencyNews.com […]

  • Telegram Investors Stick With TON Plans Despite SEC Injunction
    by Caileam Raleigh on October 24, 2019 at 10:07 pm

    Telegram investors have turned down the offer of a refund on their investment in the TON ICO despite an injunction by the SEC delaying the launch of the network. Telegram, which is an important part of the crypto ecosystem due to its encrypted communication abilities, has been embroiled in a dispute with the US Securities and Exchange Commission, which argues that its planned blockchain, Telegram Open Network (TON), is a security, meaning the ICO was actually illegal. The commission issued an injunction last week preventing the company from launching TON as planned this month. ... Read The Full Article On CryptoCurrencyNews.com […]

  • Libra Will Not Hit the Market Without US Approval, Says Zuckerberg
    by Ankit Singhania on October 23, 2019 at 5:43 pm

    The crypto sphere is known for being a disruptive force, but even this sector got a disruptive jolt of its own when Facebook (NASDAQ:FB) announced it would be launching its own cryptocurrency, Libra, in 2020. However, ever since the company announced the launch of its own stablecoin, it has come under fire from regulators from all over the world. Major Setback? As a matter of fact, even the United States President slammed the project and asked the company to instead apply for a banking license. It has now emerged that Mark Zuckerberg is going to tell ... Read The Full Article On CryptoCurrencyNews.com […]

  • Facebook’s Libra May Cause Banks to Cut Financing to the Company
    by Ankit Singhania on October 22, 2019 at 5:51 pm

    Ever since the potential launch of Facebook’s Libra was announced by the social media behemoth, the company’s cryptocurrency project has lurched from one problem to the next. Regulators from different parts of the world had voiced their concerns about the Libra cryptocurrency, and even the President of the United States slammed Facebook in one of his famous tweets. New Trouble? In a new development, it has now emerged that if Facebook (NASDAQ:FB) does not take care of the regulatory issues with regards to Libra, then banks might refuse to provide services to the company. ... Read The Full Article On […]

  • Libra Gets First Major Political Backer in US Congress
    by Caileam Raleigh on October 18, 2019 at 8:51 pm

    Libra, the underfire planned cryptocurrency led by Facebook (NASDAQ:FB), has been dominating headlines in the world of crypto for all the wrong reasons. Regulators on both sides of the Atlantic have been staunchly opposed to the development of the coin, labeling it a threat to the economic and monetary sovereignty of nations. However, in a rare show of political support for Libra, Republican Senator for South Dakota Mike Rounds has written to Anchorage to endorse the project. Anchorage, a South Dakota-based trust fund, is one of the 21 founding chartered members of the Libra Association, the ... Read The Full Article On […]


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