Latest Cryptocurrency news
Samsung made the news back when it unveiled that its smartphones will come with crypto storage facilities, and according to the Korean tech giant, they plan to keep the same support for crypto in new models, as well. The company recently revealed its Samsung Galaxy S20 range, stating that the security system now features a new secure processor that will protect users’ passwords, PIN numbers, pattern, as well as Blockchain Private Key. The c...
South Korean Content Protocol initiated an ICO offering and raised about 26,000 ETH, valued at $7.4 million from investors. However, the project will shut down and holders of the asset will receive part of their invested funds back. According to details available on the company’s modified portal, the project cannot continue due to business challenges and legal obstacles. The initial ICO of the firm closed in Dec. 2018, as the project received abo...
The largest US-based cryptocurrency exchange, Coinbase, just received a principal member status from the credit card giant, Visa. The exchange is the first crypto-related business to become Visa’s principal member, and its new status will allow it to issue the company’s payment cards, but also to start providing direct settlements. As many likely know, Coinbase is a San Francisco-based exchange that allows its users to trade in differ...
Northern Data AG a blockchain infrastructure firm, and Canaan Creative, a manufacturer of crypto mining hardware, are partnering to develop Data Center operations, artificial intelligence, and decentralized technology. Canaan is the second biggest manufacturer of an “Avalon” branded hardware used in mining Bitcoin. According to the announcement, the company has a wealth of experience in the manufacture of ASIC hardware and Artificial...
BitGo said yesterday it will acquire the security token company Harbor, as a part of its plan to expand into the digital securities world. The deal was completed quickly, said a spokesperson. BitGo didn’t want to disclose the terms of the deal or when the two companies first spoke. Terms of the deal also include Harbor’s broker-dealer and the transfer agent subsidiaries. The first one is regulated by the Financial Industry Regulatory Authority wh...
According to its new announcement, Enjin has just launched its brand new game development platform on Ethereum. The move might be a major game-changer for crypto and gaming industries alike as it could allow millions of developers to potentially integrate digital currencies into their apps and games, even if they lack knowledge of how to write blockchain code. The company’s announcement states that the purpose of the Enjin Platform is to he...
According to his recent statement, the Head of Crypto at Visa, Cuy Sheffield, believes that Bitcoin “Sats” might become the native unit of account on the internet. At least, he believes that they could be used for purchases below one cent. According to Sheffield, this could be the main use case where smaller BTC units could exceed fiat currencies. It certainly seems like the credit card giant’s Head of Crypto has spent quite a l...
As part of its celebration of Black History, the Crypto Exchange giant Coinbase is launching an advertising campaign to show that cryptocurrencies can be used as a tool for curbing the racial injustice in the financial sector. The exchange announced this in a recent blog post, showing results of surveys carried out in the UK and the US. The main message in the survey is to stress the notion that cryptocurrencies and blockchain could offer more eq...
China is not relenting on its efforts to launch its own digital currency, as the People’s Bank has already filed 84 patents. The Chinese apex bank has already rolled out its program for the launch of the digital currency. Based on a Financial Times report, the 84 proposals the Bank received contain a proposal for the interbank settlements with yuan and the issuance and supply of a central bank digital currency (CBDC). The proposals also inc...
Apart from being one of the largest cryptocurrency exchanges in the world, Malta-based Binance appears to be looking for a way to expand its services into other areas. According to recent reports, its newest attempt to do so will directly challenge search giant, Google, as well as Amazon, and even Microsoft. The simple way for Binance to take on these major corporations in a single move is to launch its own cloud. Over the past few years —...
According to recent reports, a blockchain sports company known as Chiliz recently entered a partnership with a marketing agency called Lagardere Sports and Entertainment. From what is known the partnership may soon change the way that American sports fans interact with their favorite teams, allowing them to do it through sports tokens. The CEO of Chiliz, Alex Dreyfus, stated recently that the partnership will have Lagardere’s sales team pre...
Back in July 2019, TRON CEO, Justin Sun, won a charity lunch with a well-known Wall Street personality, but also a major crypto opponent, Warren Buffet. Naturally, the entire crypto industry was excited about the opportunity to have someone so closely connected with the crypto industry have a one-on-one with Mr. Buffer, and potentially try to change his views on the potential of the crypto industry. Unfortunately, the lunch was delayed, and it on...
The Hong Kong-based crypto trading startup Amber has secured $28 million in investments in a Series A funding round. Crypto investment firms Paradigm and Pantera Capital, as well as Coinbase Ventures, Fenbushi Capital, Polychain Capital, and Blockchain.com, have invested in Amber, together with its existing investor Dragonfly Capital. Paradigm and Pantera led the first round. The company plans to use the funds to boost its operations and bring ne...
Tax authorities in Brazil recently received support to regulate the digital currency market after multiple reports of fraud emerged last year. Fraud allegations were reportedly tied to multiple platforms, including Zero10, Atlas Quantum, and Trader Group. Now, in February 2020, the results of such fraudulent actions caused a major crackdown. At least two exchanges have been shut down in Brazil due to threats of major fines under the new regulatio...
This weekend, numerous services offered by Ethereum network’s seventh-largest DeFi platform — bZx — ended up frozen due to an exploit of the so-called ‘flash lending.’ The exploitation involved $350,000, which is estimated to be around 2% of all the assets that the platform has under management. bZx’s team, however, stated that it is impossible to estimate how much was taken, exactly. On February 15th, the platform simply...
Fullerton Markets, a well-known brokerage platform, recently decided that it will add deposits and withdrawals for cryptocurrencies, according to its new announcement. The broker added support for as many as 12 different cryptocurrencies at once. The supported coins include some of the largest and most popular cryptos in the industry, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Binance Coin Bitcoin SV, Ethereum Classic, TRON, NEO, Dogeco...
SBI Crypto, a company wholly-owned by Japan’s SBI Group, recently announced a partnership with Northern Data. The goal of the team-up is the development of SBI Crypto’s own blockchain. The firm will also be among the companies that are to be hosted in Northern Data’s facilities based in Texas. According to what is known, the two companies plan to work on multiple projects pertaining to software development and infrastructure of...
Despite the recent cryptocurrency-related hearings, the situation regarding the future of digital currencies within the country of India remains uncertain. Even so, the global crypto exchange, OKEx, recently decided to make a move that will allow it to gain a foothold in the country. Yesterday, February 14th, OKEx announced that it has partnered with India’s own largest crypto exchange, CoinDCX. The goal of the partnership is the launch of...
As crypto adoption continues to spread, and people from all nations across the world are using digital currencies, a lot of countries have moved to create tax rules even before drawing regulatory frameworks for the new asset class. Brazil is one such country, and its tax regulations were already implemented even before the dedicated legislation was officially adopted. Now, the new tax rules had hit not only its crypto users but also businesses su...
FCoin, a Singapore-based cryptocurrency exchange, recently had an incident that the crypto community managed to notice, although nobody knew what it was about. At first, many believed that the exchange was hacked, which was not surprising, considering how many others have fallen to hackers in recent years. However, over time, the truth started to surface, and the situation ended up being significantly more complicated. The working theory right no...
North Korea has been a major concern for countries around the world, but the US took special care to try and limit its danger through sanctions and other ways of applying pressure. Despite the country’s efforts, however, the rogue state still managed to expand its internet presence massively recently — as much as by 300%, according to some estimates. It is suspected that internet use in the country at least partially surged due to cry...
Larry Harmon, CEO of Coin Ninja, was arrested earlier this week for allegedly laundering more than $300 million in cryptocurrency on the darknet market AlphaBay. Harmon’s family denied the allegations, claiming Larry had nothing to do with AlphaBay. Apart from Coin Ninja, Harmon also designed the bitcoin mixer Helix, a privacy tool that conducts transactions in mixed batches, making individual transactions harder to track. Department of Justice h...
The US authorities recently arrested a citizen of Ohio due to accusations of him running an illegal money-laundering operation on the Dark Web. The individual in question, known as Larry Harmon (36), supposedly acted as an operator of an unlawful business called Helix. According to the US Department of Justice’s report, published yesterday, February 13th, Harmon used his business to launder money and run a money transference venture, for wh...
The Central Bank of Bahamas has announced that it’s going to launch its digital currency in the second quarter of this year. When launched it would become one of the first digital currencies along with China’s plot to launch its digital Yuan. The project is called Sand Dollar and is currently passing through its pilot face in the Exuma district in the Bahamas. After the pilot process which is expected to go on from January to March, t...
A recent report reveals that IOTA is shutting down its network to solve the Trinity wallet hacking incidence on its network. The company announced yesterday and said it was working with law enforcement agencies to speed up the investigation. It said it is also working with some cybersecurity experts to look into the coordinated attack that resulted in the theft of its funds in the wallet. The company commented on its webpage that it is closing th...