BitMEX Cryptocurrency Exchange Holds 0.18% of All Bitcoins in Circulation December 28, 2019

BitMEX, the world’s largest cryptocurrency exchange by daily trading volume to date, now holds 0.18% of all Bitcoins (BTC) in circulation.  In a Dec. 26 tweet, James Lopp, CTO at New York-based crypto custody startup Casa, also pointed out that BitMEX’s dedicated insurance fund has surged 62% in 2019. BitMEX holds 33,449 Bitcoins out the […]

India's Payments Platform Varja Gets the Blockchain Ball Rolling December 27, 2019

While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent.  After detailed research, the NPCI has developed a distributed ledger technology mechanism to provide a highly secure, tamper-proof database […]

Insurance Industry Eyes Blockchain as Top Firms Begin Tests December 26, 2019

On Dec. 12, the second-largest health insurance company in the United States announced plans to leverage blockchain technology to secure the medical data of all its 40 million members over the next three years. The most unique quality of a blockchain is that once a piece of information is added to the distributed ledger, it […]

Tech Development, Investments and NFT to Drive Crypto Adoption in 2020 December 25, 2019

As the end of the year draws closer, discussing what the future holds for the crypto industry becomes increasingly relevant. In particular, how global financial and technological trends will affect the adoption of cryptocurrencies in the coming year. Despite the critics, the number of industry experts and crypto enthusiasts who foresee a promising future for […]

China Issuing Bonds on Blockchain Is a Sign of What’s to Come December 24, 2019

The Bank of China has recently issued 20 billion Chinese yuan ($2.8 billion) of special bonds, which it has sold in order to fund small and micro-enterprise businesses, according to the China Development Network.  This recent issuance of $2.8 billion in bonds is nothing to look twice at and was largely expected, given the bank’s inclusive […]

Craig Wright Reveals Document Claiming Origin of Satoshi Nakamoto Name December 23, 2019

Self-proclaimed Bitcoin (BTC) creator Craig Wright, showed what he claims is a document that explains the origins of the Satoshi Nakamoto pseudonym. In an interview published by industry news outlet Modern Consensus on Dec. 19, Wright has shown to his interviewer a document representing an article from digital database of an academic journals JSTOR, dated […]

Christmas Shopping: Where to Buy With Crypto This Festive Season December 22, 2019

Christmas is just around the corner, which means it’s time to get your holiday shopping out of the way for good. And while online retail giants such as Amazon and eBay have made online purchasing wonderfully simple for the average person, they do not really cater to a growing population of individuals who are looking […]

Bitfinex Now Enables Users to Purchase Crypto With Credit and Debit Card December 21, 2019

Hong Kong-headquartered cryptocurrency exchange Bitfinex now enables its users to purchase cryptocurrencies with both credit and debit cards. The exchange made the announcement on Dec. 20, saying: “Buy cryptocurrencies with your debit or credit cards on Bitfinex. Whether it’s Bitcoin, USDt, Ethereum, or any other ERC20 tokens, pick your favorite and purchase with your credit […]

Crypto Will Eventually Replace Fiat, but How Soon and Where? December 20, 2019

A recently unveiled Deutsche Bank “Imagine 2030” report boldly puts a date on the eventual fiat–crypto “social consensus flip,” citing the Asian continent and, in particular, China, to have already recognized the trend. If true, then what every cryptocurrency speculator and investor would like to know is, when will it happen? The current landscape is […]

US SEC Looks to Expand ‘Accredited Investor’ Classification December 19, 2019

The United States Securities Exchange Commission (SEC) has announced that it is looking for ways to expand the classification of “accredited investor,” with potentially major implications for capital formation of firms hesitant to meet full public reporting requirements. The amendments and who gets to be accredited Per a Dec. 18 announcement on the SEC’s website, […]

Crypto Remains Unregulated in Russia — Lots of Talk but No Action December 18, 2019

At the end of November, news surfaced that Russian cryptocurrency users, who have been operating in a regulatory gray zone, could soon be at risk as the nation’s financial authorities reportedly join forces to outlaw the use of digital assets as a payment instrument.  Shortly after, the country’s interior ministry confirmed rumors that it was on track […]

Int'l Regulator Basel Committee Calls for Prudent Rules for Crypto December 17, 2019

Global banking regulator Basel Committee on Banking Supervision (BCBS) calls for a conservative prudential treatment framework for crypto assets. The Basel Committee — which includes banking regulators from the United States, Europe and Japan — published its report on the prudential treatment of crypto assets. The study was first announced in November, as Cointelegraph reported […]

Crypto Incubators: An Ultimate Solution or Just a Tool for Startups? December 16, 2019

After crypto prices went through the roof in 2017, an eruption of new tokens, companies and products occured. With such a high level of consumer and corporate interest, many promising projects were inevitably lost in the crowd. Fortunately enough, some of cryptocurrency’s biggest names offer their services to a select few projects that are they […]

Microsoft Revives Nonfungible Tokens, Sparks Industry's Imagination December 15, 2019

Ever since the game CryptoKitties was released in November 2017, the concept of nonfungible token has been ingrained in the minds of developers and investors in the crypto community. However, 2019 has been the year that NFTs have gained mainstream attention. And it should come as no surprise that even huge, multinational companies are currently […]

VeChain Loses $6.6M in VET Tokens to Hacker in Attack on Buyback Wallet December 14, 2019

Note: This story has been updated to provide more details about the incident. VeChain Foundation’s wallet has been compromised in a hacker attack targeting funds earmarked for the foundation’s buyback program. Per a VeChain Foundation announcement on Dec. 13, an unknown hacker has redirected 1.1 billion VET tokens — valued at approximately $6,600,000 at press […]

Ether Price Targets $160 as Altcoins Rally and BTC Trades Sideways December 13, 2019

Altcoins continue to take advantage of Bitcoin’s sideways trading and traders who take a quick glance at the altcoin-to-Bitcoin pairings at their exchange of choice will notice that many of the altcoins are again posting double-digit gains.  At the time of writing, THETA is up 13.26%, KyberNetwork (KNC) 18% and TomoChain (TOMO) has rallied 16.09%. […]

US SEC Charges Shopin Founder With Orchestrating Fraudulent $42 Million ICO December 12, 2019

The United States Securities and Exchange Commission (SEC) has charged Eran Eyal, the founder Shopin, with orchestrating a fraudulent initial coin offering (ICO). In a press release on Dec. 11, the SEC alleged that the businessman and his company defrauded hundreds of investors in an ICO that raised more than $42 million from August 2017 to […]

Ethereum Ice Age May be Imminent If Miners Withdraw From Network December 11, 2019

The Ethereum block difficulty began to grow back in November 2016. Since then, developers have been constantly forced to carry out hard forks to keep the network up until the transition to a proof-of-stake algorithm takes place. In the lead-up to the Istanbul upgrade, implemented on Dec. 8, the Ethereum team decided again to postpone […]

The Marshall Islands’ National Crypto Was Inspired by Work of Block.One December 10, 2019

It has been almost a year since the Republic of the Marshall Islands (RMI) unveiled the development of its national digital currency dubbed Sovereign (SOV). The cryptocurrency is set to tackle some issues the RMI struggles with, including high costs of remittances. A crypto legal tender could purportedly create a situation where the solution to […]

No More Bitcoin for Nordea Bank Employees, Experts Question the Motive December 9, 2019

An act of paternalism or a case of generic Bitcoin (BTC) distrust? It is hard to make out the exact reasons for Nordea Bank’s ban on its 31,500 employees trading in Bitcoin or other cryptocurrencies — even on their own time — a prohibition that was upheld on Dec. 2 by a Danish court. In […]

Death Spirals and BTC — What Happens When Miners Capitulate? December 8, 2019

The stagnation of the cryptocurrency market has put Bitcoin’s (BTC) price at risk of further decline, as it struggles to recover beyond key resistance levels. A descending price increases the probability of the so-called “miner capitulation” occuring, which is said to have triggered the major BTC drop in December 2018. Late last year, the Bitcoin […]

Report: ‘Blockchain Is A Rapidly Maturing Technology in China’ December 7, 2019

Forkast Insights, the research arm of Asia-based Forkast, took an in-depth, comprehensive look at how blockchain technology is integrated in China. On Dec. 5, Forkast Insights presented its first report on how blockchain is being applied by the Chinese government and companies across the country. According to the report, blockchain technology is rapidly maturing and […]

Kraken Cryptocurrency Exchange Adds Support For the Swiss Franc December 6, 2019

San Francisco-based cryptocurrency exchange Kraken is adding support for its latest fiat asset, the Swiss franc (CHF). According to a blog post on Dec. 5, Kraken said that in collaboration with Liechtenstein-based Bank Frick, the Swiss franc will join the roster of fiat currencies that Kraken already supports, namely the United States dollar (USD), the Canadian […]

Crypto Exchange UpBit’s Operator Launches Custody Service with Ledger December 5, 2019

DXM, a financial services subsidiary of South Korean fintech firm Dunamu, has worked with crypto cybersecurity firm Ledger to launch an institutional crypto asset custody service. The partnership and the new custodian Industry news outlet TheBlock reported on Dec. 4 that DXM plans to launch the custodian under the name Upbit Safe and that Ledger […]

Zcash Donates $40K to Canadian Private Messaging Developer December 4, 2019

The Zcash Foundation, the firm behind privacy-centric cryptocurrency Zcash (ZEC), has donated $40,000 to a Canadian private messaging developer. The Open Privacy Research Society, a non-profit group working on Cwtch, a decentralized metadata-resistant messenger, has received 1,044 ZEC from Zcash, the organization announced on Dec. 3. As described by Open Privacy, Cwtch is a platform […]