Business

Grayscale Investments Adds 17,100 BTC to Fund in One Week

Grayscale Investments added 17,100 BTC to their bitcoin trust fund, bringing its total value to more than $4.7 billion.

Venezuela Gets its First Bitcoin Satelite Node Independent of Internet Access

A collection of startups have teamed up to launch Venezuela’s first satellite bitcoin node, allowing users in the country to conduct transactions even in the absence of internet.

Surge in Ether Gas Prices Slowing Demand for Non-Fungible Tokens (NFTs)

Cargo start-up founder Sean Papanikolas says surging ethereum gas prices are limiting the growth of non-fungible token (NFT) marketplaces.

NYC Auction House Features Bitcoin-Themed Art Containing Original Code

Christie’s New York auction house is featuring a piece of bitcoin-themed artwork that represents a portion of the protocol’s original launch code.

Crypto Companies Are Showing ‘Significant Interest’ in Working With Visa, Executive Reveals

Terry Angelos, Visa’s global fintech lead, revealed in an interview that cryptocurrency companies have been showing “significant interest” in working with the world’s largest payments processor. Speaking to Forbes, Angelos revealed that cryptocurrencies firms want to work with Visa to “connect their clients to our network of 60-plus million merchants.2 so far, the executive added, […]

Social Capital CEO Chamath Palihapitiya Calls Bitcoin His Best Investment Bet

Billionaire venture capitalist Chamath Palihapitiya called bitcoin his best “bet” after investing in the crypto-asset in 2012.

Crypto Bull Lark Davis Points to New Trend for DeFi Market

Popular crypto influencer Lark Davis calls non-fungible tokens (NFTs) the next big thing for the DeFi industry, noting their application beyond digital art and gaming.

Leading Crypto Payments Platform Wirex Announces Launch of $1.2 Million Crowdfunding

Leading crypto and fintech payments platform Wirex has announced a £1 million crowdfunding round that will be open to customers and fans of the service.

Bitcoin Bull Anthony Pompliano Bets on Blockchain as the Future for Digital Art

Anthony “Pomp” Pompliano is betting on blockchain being the future for the digital art industry, announcing an investment into the Winkelvoss-backed Nifty Gateway.

Multinational Energy Company Equinor Entering Partnership to Mine Bitcoin

Multinational energy company Equinor intends to use byproduct flaring from oil extraction to generate electricity for bitcoin mining.

Binance Launches ‘Innovation Zone’ to Filter out DeFi Token Traders Based on Risk Appetite

Leading cryptocurrency exchange Binance has announced the launch of an “Innovation Zone’ to filer out traders based on their risk appetites, before letting them trade risky decentralized finance (DeFi) projects. According to an announcement the cryptocurrency exchange published, its token listing process is “often viewed as overly strict,” but listing new projects in 2017 when […]

Creator of Project That Surpassed $40,000 per Token Backing New DeFi Project COVER

Yearn.Finance founder Andre Cronje is providing advisory support for the rebranding of SAFE token to COVER, a new protocol that is set to launch in November.

Crypto Travel Agency Travala Enters Chinese Travel Market

The Binance-backed cryptocurrency travel booking website Travala is reportedly expanding into the growing Chinese travel market, as the country’s tourism industry starts rebounding from the COVID-19 pandemic. According to CoinDesk, the online travel agency has launched a Chinese language website and created a regional customer support team. It’s also starting to market to travelers in […]

Kraken Launches Crypto Bank in Wyoming After Receiving Bank Charter Approval

Popular cryptocurrency trading platform Kraken has announced the State of Wyoming has approved its application to form the world’s first Special Purpose Depository Institution (SPDI), allowing it to form a crypto bank dubbed Kraken Financial. According to an announcement the firm published, Kraken Financial is headquartered in Wyoming and is the “first digital asset company […]

Apple Censors Cryptocurrency and DeFi Features on Coinbase’s App, Brian Armstrong Says

Apple Inc has reportedly censored San Francisco-cryptocurrency exchange Coinbase from adding specific cryptocurrency and decentralized finance (DeFi)-related features to its iOS app. According to a tweetstorm published by the exchange’s CEO Brian Armstrong, the tech giant stopped Coinbase from adding features that would let their users earn cryptocurrency directly through the app, or access decentralized […]

Square Forms Group to Stop Patent Trolls From Hindering Crypto Innovation

Square, the payment company of Twitter CEO Jack Dorsey, has invited cryptocurrency firms to join its Cryptocurrency Open Patent Alliance (COPA), a non-profit that wants to stop firms from locking up useful crypto technologies using patents. In a statement, the payments firm, which has been letting users buy and sell bitcoin since 2018, wrote: Locking […]

Mastercard Launches Platform for Central Banks to Test Digital Currencies

Financial services giant Mastercard has launched a platform to allow central banks and test firms test digital currencies.

Barry Silbert’s Digital Currency Group Acquires Retail-Focused Crypto Exchange Luno

Blockchain investment firm Digital Currency Group has entered the crypto retail market following the acquisition of wallet and exchange subsidiary Luno.

NiceHash Denies It Enabled 51% Attacks on Ethereum Classic

Hashing brokerage giant NiceHash has denied its involvement in a 51 percent attack on ethereum classic’s blockchain at the end of July.

Crypto Miner Maker Canaan Announces $10 Million Share Buyback

Cryptocurrency mining equipment manufacturer Canaan has announced its board of directors approved a share repurchase program of up to $10 million, or about 3.3% of its outstanding shares. The China-based company was listed on the Nasdaq stock exchanges last year, selling shares at $9 each as part of its initial public offering, in which it […]

Schiff: ‘Wrong’ About Bitcoin in the Past, but Recent Price Rally Due to Gold

Gold bug and crypto critic Peter Schiff admitted that he has been wrong about bitcoin in the past, but says the price rally above $12K was driven by gold’s success.

Food Delivery Service Just Eat Is Accepting Bitcoin As Payment Method in France

It appears that France-based users of the Just Eat food delivery service (which works in a similar way to Uber Eats) can now use Bitcoin to pay for the food delivered to their home. Just Eat’s website, which was redesigned recently following the takeover in February of Just Eat by Takeaway.com, allows customers to order […]

Crypto-Friendly Digital Bank ‘Ziglu’ Launches P2P Fiat and Crypto Payments

On Monday (September 7), FinTech startup Ziglu announced the launch of peer-to-peer (P2P) payments for all currencies supported by the Ziglu mobile app (which is available for both iOS and Android). Ziglu’s founder and CEO is Mark Hipperson, who is the co-founder and former CTO of UK-based Starling Bank. Ziglu was launched on June 15: […]

OKEx August Report Announces Historic $21 Million OKB Coin Burn

Leading cryptocurrency exchange OKEx has announced a historic $21 million coin burn for its native token OKB.

Authorities Raid Bithumb, South’s Korea’s Largest Crypto Exchange

The Seoul Metropolitan Police Agency has reportedly seized Bithumb, South Korea’s largest cryptocurrency exchange, for alleged fraud related to a $25 million token sale. According to a report published by the country’s oldest newspaper, the Seoul Shinmun, Bithumb’s offices have been raided by authorities over the alleged pre-sale of its native BXA tokens. The firm […]

Tezos Foundation to Pay $25 Million in Damages Stemming From Token Sale Lawsuit

The Tezos Foundation has agreed to pay $25 million in damages to plaintiffs and there lawyers stemming from the XTZ token sale in 2017.

Zeus Capital Warns ChainLink Investors: ‘Don’t Get Fooled’

Asset management firm Zeus Capital has warned LINK investors not to be fooled by the coin’s price and to exit their positions before “it’s too late.”

Major Australian Financial Firm Sues Ripple Over Trademark Infringement

An Australian financial services firm is suing Ripple over trademark infringement for the use of its “PayID” service.

Mastercard Files Patent for Billing System Using IOTA’s Tangle Protocol

Financial services giant Mastercard has filed a patent for a shared device billing system using IOTA’s Tangle protocol.

South Korean Crypto Exchange Coinbit Seized Over Wash Trading Allegations

South Korean cryptocurrency exchange Coinbit has reportedly been seized by the Seoul Metropolitan Police Agency for allegedly inflating its trading volumes via wash trading. According to South Korea’s oldest newspaper, the Seoul Shinmun, Coinbit’s offices have been raided by authorities for the alleged wash trading. The cryptocurrency trading platform is said to have manipulated its […]

Canada-Based Restaurant Chain Converts Entire Cash Reserves to Bitcoin

Ontario-based Middle Eastern restaurant chain Tahinis has announced the conversion of its entire fiat cash reserves into bitcoin.

Ripple Exec: XRP Does Not Compete With Stablecoins or CBDCs

Ripple Senior Director of Global Operations Emi Yoshikawa claims that XRP does not compete with stablecoins and central bank currencies and instead provides synergy through solving liquidity issues.

VeChain Partners with Professional Client Network Giant Grant Thornton Cyprus

Enterprise-friendly public blockchain VeChain has announced a partnership with one of the world’s largest networks of accounting and consulting firms, Grant Thornton Cyprus.

Binance Suffers Breach Outage as Traffic Surges With BTC Moving Past $12,000

Leading cryptocurrency exchange Binance has suffered a breach outage yesterday, August 17, after the price of bitcoin surged past the $12,000 mark and traffic on the exchange surged as a result. On social media Changpeng Zhao, CEO of the exchange, revealed the traffic spike led to a new all-time high in terms of system traffic, […]

Bitcoin Miner Maker Ebang Prepares to Launch Crypto Exchange in Singapore

Nasdaq-listed bitcoin mining machine maker Ebang (EBON) has announced it established a wholly-owned subsidiary in Singapore, in preparation for establishing a cryptocurrency exchange there. According to an announcement the company published, it’s now trying to get the relevant governmental approval and a license to operate the cryptocurrency exchange. Dong Hu, Ebang’s chairman and CEO, was […]

MicroStrategy Makes Massive $250 Million Bet on Bitcoin

The billion-dollar business intelligence software firm MicroStrategy has made a massive $250 billion bet on bitcoin, investing in the cryptocurrency as part of its capital allocation strategy. According to an announcement published by the business intelligence software firm, it purchased a total of 21,454 BTC at an aggregate price of $250 million, including fees and […]

Grayscale Ethereum Trust Files to Status of Reporting Company With SEC

Grayscale Investments has voluntarily publicly filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission (SEC) for its Ethereum Trust (ETHE) to obtain reporting status. If the filing is approved by the SEC, the Ethereum Trust will be the second cryptoasset investment vehicle ever to obtain the status of a reporting […]

Goldman Sachs Considering Creating Its Own Fiat-Backed Stablecoin

American multinational investment bank and financial services company Goldman Sachs’ recently-appointed Global Head of Digital Assets says that his firm is exploring the idea of creating its own “fiat digital token.” According to his Linkedin profile, McDermott, who has been with Goldman Sachs for almost 15 years, became the firm’s Global Head of Digital Assets in June, and before […]

Billion-Dollar Software Firm MicroStrategy Eyes Investing in Bitcoin

The billion-dollar business intelligence software firm MicroStrategy has revealed it plans to invest up to $250 million in alternative assets over the next 12 months, and specifically mentioned bitcoin as an option. According to a transcript of the firm’s earnings call published by The Motley Fool, when addressing returning value to shareholders the company’s president […]

Square Quarterly Earnings Beat Analyst Expectations on Heels of Bitcoin Rally

Square Inc.’s second-quarter earnings report beat analyst expectations and saw revenue generated by bitcoin increase 600 percent year-over-year.

Travel Giant CWT Pays $4.5 Million in Bitcoin to Ransomware Hackers

CWT, a U.S. travel management firm that posted revenues of $1.5 billion last year and claims to represent over a third of companies in the S&P 500, paid $4.5 million in bitcoin to hackers who extorted them after infecting them with ransomware. According to Reuters, the attackers used a ransomware strain called Ragnar Locker, which […]

MoneyGram Received $15.1 Million in XRP Incentives From Ripple in Q2 2020

MoneyGram has received $15.1 million from Ripple in the second quarter of this year for providing liquidity to the company’s XRP cross-border settlement network, the On-Demand Liquidity (ODL) platform. According to MoneyGram’s second-quarter results, the Texas-based remittances firm received the funds in what it called “market development fees,” which were offset by transaction expenses of […]

Hackers Steal One Million Customer Emails From Crypto Hardware Wallet Maker Ledger

Hackers have managed to breach the e-commerce database of popular cryptocurrency hardware wallet maker Ledger, and stole one million emails from it. The emails are, at least yet, not for sale on the darknet. According to a notice Ledger published, on June 14 a researcher participating in its bounty program unveiled a potential security breach […]

Bitstamp Back’s SWIFT Competitor for Instant Cash-Crypto Payments

Cryptocurrency exchange Bitstamp is backing BLINC, a real-time payments network by BCB Group that will offer free cash and crypto settlements.

Crypto Exchange Coinbase Reveals It Has 35 Million Customers

San Francisco-based cryptocurrency exchange Coinbase has revealed in a new report its client base has grown to 35 million retail and institutional clients, up from 30 million at the beginning of the year. According to the cryptocurrency exchange’s mid-year review, first reported on by The Block, Coinbase has seen additional participation among retail traders, while […]

Live-streaming platform Twitch offers Subscribers Discounts For Paying with Crypto

Twitch, a major live-streaming platform with 15 million daily active users is offering subscribers a 10% discount if they pay using cryptocurrencies.

10,000 Bitcoin Mining Machines ‘Illegally Moved’ From Bitmain Mining Farm

The ongoing power struggle between the co-founders of cryptocurrency mining hardware manufacturer Bitmain, Micree Zhan and Jihan Wu,  has allegedly seen 10,000 Bitcoin mining rigs be “illegally moved” from a company-owned facility in Mongolia.

ESPN to Launch Gaming Platform With Cryptocurrency Payments

ESPN Global has announced the launch of a recently developed online gaming platform built with the use of blockchain technology, that will allow users to deposit and withdraw using bitcoin and other cryptocurrencies.

Opera Expands Crypto Wallet Top-Ups to UK After Reaching 170,000 Monthly Active Users

Popular web browser Opera has expanded its cryptocurrency wallet top-ups to the United Kingdom via a partnership with crypto on-ramp Ramp, which leverages new European Open Banking APIs to allow for low-fee crypto top-ups using a bank account or Revolut.

First Crypto Hedge Fund Licensed in U.K. Shuts Down Over Insufficient Institutional Demand

The first cryptocurrency hedge fund to receive a stamp of approval from the U.K.’s Financial Conduct Authority (FCA) is shutting down over “insufficient” demand from institutional investors.

Hackers Who Hijacked Twitter Accounts to Promote a Bitcoin Scam Saw DMs from 36 Accounts

The hackers who last week compromised Twitter in a breach that saw the hijack high-profile accounts to promote a bitcoin scam have accessed the direct messages of 36 accounts.

U.S. Banks Can Now Offer Crypto Custody Services, Says Federal Regulator

The Office of the Comptroller of the Currency (OCC) is letting nationally chartered banks in the U.S. provide custody services for cryptocurrencies, according to a public letter from Senior Deputy Comptroller and Senior Counsel Jonathan Gould.

PayPal Reportedly Partnered with Paxos to Launch its Crypto Service

Fintech giant PayPal has reportedly partnered with Paxos Crypto Brokerage to launch its upcoming crypto services.

Twitter Hack Was Net Positive for Crypto, Binance CEO Says

The CEO of cryptocurrency exchange Binance has addressed the recent Twitter hack that saw attack hijack dozens of high-profile accounts to promote a fake bitcoin giveaway, claiming it was “net positive” for crypto.

Malaysian Regulator Adds Binance to List of Unauthorized Firms

Malaysia’s Securities Commission (SC) has added popular cryptocurrency exchange Binance to its list of unauthorized companies, saying the platform is “operating a recognized market without authorization.”

Crypto-Powered Brave Browser Integrates Crypto Exchange Gemini

The cryptocurrency-powered Brave browser has announced it partnered with cryptocurrency exchange Gemini to let users buy, sell, store, and earn crypto while browsing the web.

Crypto Asset Manager Grayscale Adds $905 Million in Record Quarter

Multi-billion dollar cryptocurrency asset manager Grayscale Investment has reported its largest quarterly inflows to date, as in Q2 2020 it brought in $905.8 million, nearly doubling its previous record high of $503.7 million in the first quarter of the year.

U.K Startup Is Bringing Advertising Back to the Crypto Industry

Cryptocurrencies have been growing for over a decade now, having so far reached their popularity peak in 2018 when the Bitcoin price quickly hit the $20,000 mark before crashing abruptly.

PayPal Reveals Cryptocurrency Development in Letter to European Commission

Payments giant PayPal has revealed that it is working on developing cryptocurrency capabilities in a letter sent to the European Commission in regard to regulating the industry. 

Binance Rolls out Crypto Debit Card in Europe

Leading cryptocurrency exchange Binance has announced the official rollout of its cryptocurrency debit card, the Binance Card, in Europe and the United Kingdom (UK).