DBS Bank Joins Global Blockchain Network to Digitize Trade Settlement May 11, 2020

Singapore-based multinational banking firm DBS Bank has joined the blockchain trade-finance network Contour, which is built over R3’s Corda. Contour is due for a main-launch later this year. According to a May 11 report by the business news outlet The Business Times, DBS Bank is the first bank from Singapore to join the network. Major […]

OTC Exchanges Help Thwart $5M Bank Heist in Brazil May 10, 2020

A $5 million online heist in Brazil targeting Spanish multinational financial institution, Banco Santander was thwarted after the funds were seized with local over-the-counter (OTC) crypto exchanges. The perpetrators immediately moved to convert the stolen funds into Bitcoin (BTC), however, the cash triggered many of the bank accounts of the exchanges to be frozen upon […]

China Telecom: Blockchain Has Significant Use-Cases for 5G May 9, 2020

Jiang Wei, the chairman of China Telecom Blockchain and Dig­i­tal Econ­omy Joint Lab­o­ra­tory, explained in an interview published on Chinese news portal, Cebnet, that blockchain technology has significant use cases that could improve the 5G mobile network.  According to estimates by China Telecom in 2019, China’s 5G services are expected to have approximately 170 million […]

IDC: EU Blockchain Spending Will See Temporary Drop Due to COVID-19 May 8, 2020

Analysts have revised down their forecasts for European enterprise spending on blockchain development in the next few years due to the economic aftershocks of the COVID-19 pandemic.  In a report published on May 5, United States-based market research firm International Data Corporation (IDC) said it expects the slowdown to be temporary and unevenly distributed across […]

UFC Partners With Chiliz to Release Digital Fan Tokens of Fighters May 7, 2020

UFC fighters worldwide will soon see fans holding their likenesses on digital tokens thanks to a new partnership with Ethereum-based sports tokenization platform Chiliz. According to a May 7 announcement from Chiliz (CHZ), the platform plans to launch digital Fan Tokens of UFC fighters on their blockchain-based app Socios. Using Chiliz’s signature CHZ coin, fans […]

Ripple Joins ISO Global Standards Body on Cross-Border Payments May 6, 2020

Ripple has become a member of the ISO 20022 standards body, which is driving a new data standard for payments and data messaging between global financial institutions. The company claims to be the first distributed ledger technology (DLT) focused member of the group, which includes a number of international commercial and central banks along with […]

Major Chinese Crypto Miners Expect Influx of New Bitcoin Buyers May 5, 2020

A majority of Chinese miners expect a huge influx of new Bitcoin (BTC) buyers within the next six months. According to a poll by crypto services firm RockX on May 4, 57% of Chinese miners expect a large number of new Bitcoin buyers to join the market in the near future. RockX claims to have […]

Halving, Stocks, Fundamentals: 3 Things to Watch in Bitcoin This Week May 4, 2020

Bitcoin (BTC) is just days away from a historic crossroads this week — what will the coming days have in store for traders and hodlers? Cointelegraph takes a look at the major factors influencing the market just over a week before the largest cryptocurrency’s third block reward halving. Just 8 days left till the Bitcoin […]

Social Media Platforms for Crypto Enthusiasts — Talk and Earn Bitcoin May 3, 2020

It’s hard for most people to imagine their lives without the use of social media, and crypto enthusiasts are no different. Since the beginning, the crypto industry has thrived on social media platforms, as they allow people to connect and share ideas. Furthermore, the emergence of the very idea of cryptocurrencies and the blockchain can […]

The DeFi Hack: What Decentralized Finance Should and Shouldn’t Be May 2, 2020

Decentralized finance, or DeFi for short, became a buzzword in 2019 following the valuations of MakerDao and Compound after both companies raised sizable rounds from the elite Silicon Valley-based Venture Capital firm Andreessen Horowitz. 2020 has been a difficult year for the crypto DeFi sector — it’s been going through the wringer. Over the weekend, […]

Brave Browser Brings Binance Integration to All Desktop Users May 1, 2020

Privacy-focused web browser Brave has integrated the Binance widget into the latest stable release across all of its desktop offerings.  An announcement on April 30 notes that the widget is enabled by default, placing the Binance cryptocurrency exchange in front of all of the browser’s millions of desktop users. Previously the widget was only available […]

160 Million USDT Tokens Minted During Bitcoin's Rise to $9K April 30, 2020

With Bitcoin (BTC) ascending sharply in the last eight hours — over $9,100 at press time — U.S. dollar-backed stablecoin Tether (USDT) is on a minting spree.  Whalebot Alerts has reported that Tether issued more than 160 million new coins in the last 24 hours in just two transactions. The first $60 million were minted when […]

Bitcoin Hits $8K Erasing Coronavirus Crash — 13 Days Till Halving April 29, 2020

Bitcoin (BTC) price finally hit $8,000 on April 29 as a solid week of gains continued to buoy markets. Cryptocurrency market daily overview. Source: Coin360 BTC price returns to $8,000 Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD breaking the $8,000 after a seven-week absence. The move firmly reverses Bitcoin’s crash in mid-March, when the […]

Is Europe’s Experience in E-Signatures and Digital IDs Valuable for Australia? April 28, 2020

Europe has been running a legislative framework for electronic signatures and digital identities since 1999. In 2014, the European Parliament introduced a significant upgrade by presenting electronic identification and trust services for electronic transactions in the internal market, or eIDAS, regulation. In light of recent initiatives in Australia to improve legislation for doing business remotely, […]

Bitcoin Price: 5 Things to Know for Crypto Markets This Week (4/27) April 27, 2020

Bitcoin (BTC) has consolidated gains nearer $8,000 — but does the coming week have in store for the asset leaving stocks in the dust? After jumping 10% in a day last week, BTC/USD has managed to keep hold of its gains over the weekend. Cointelegraph considers the major factors which traders should keep an eye […]

COVID-19 Domain Seized After Attempted Sale for BTC April 26, 2020

The United States Attorney’s Office has seized a fraudulent COVID-19 domain name after its owner attempted to sell it in exchange for Bitcoin (BTC).  The action follows Attorney General William Barr’s request that the department prioritize detecting and prosecuting illicit activities relating to the coronavirus pandemic. A warrant obtained by the U.S. The Department of […]

Binance Sees 2,000% Employee Increase in Under 3 Years April 25, 2020

Major crypto exchange, Binance, now has over 1,000 employees, showing tremendous company growth since its 2017 start. “When Binance first started in 2017, there were under 50 people,” Binance co-founder, Yi He, told Cointelegraph on April 23. “We have more than 1,000 employees today (currently at 1,002 and counting; we are welcoming new hires almost […]

BitMEX to Launch Bitcoin-Settled Futures Tracking Ether Price Against Dollar April 24, 2020

Cryptocurrency exchange BitMEX announced a new Ether (ETH)-based futures contract on its trading platform. According to an April 24 announcement, the new derivative contract will feature a fixed Bitcoin (BTC) multiplier which will be unaffected by the Ether price in U.S. dollars. BitMEX explains that this feature allows traders to long or short Ether’s USD […]

Sharing Thoughts on Security, OKEx’s Jay Hao Says Customers Come First April 23, 2020

Jay Hao, the CEO of the digital asset exchange OKEx, took part in Cointelegraph China HUB, an online interview column started by Cointelegraph China. In the past, Hao has stated that blockchain will eliminate transaction barriers, improve efficiency and ultimately impact the development of the global economy. But what does he think about the world […]

Judge Orders Arrest of Former GOP State Senator Involved with Crypto Scam April 22, 2020

A Texas federal judge issued warrants for the arrest of an ex-Washington state senator and the leaders behind an alleged cryptocurrency scam involving the Meta 1 coin.  At an April 21 hearing with the U.S. Securities and Exchange Commission, Judge Robert Pitman ordered bench warrants for former Republican senator David Schmidt and cohort Robert Dunlap […]

Blockchain Association Weighs In on SEC Case Against Kik’s ICO April 21, 2020

The United States-based Blockchain Association has filed an amicus curiae brief in support of Canadian messenger Kik amid the firm’s legal battle with the Securities and Exchange Commission. The association addressed the April 17 brief to the court which is considering the case, asking it to deny the SEC’s motion for summary judgment and decide […]

Bitcoin Price: 5 Things That Will Impact the Crypto Market This Week April 20, 2020

Bitcoin (BTC) maintained $7,000 despite strong resistance on April 20 as oil crashed through fresh support levels towards $10. Heading into what promises to be a choppy week for traditional markets, here are five things to watch for Bitcoin traders in the coming days. Cryptocurrency market daily overview. Source: Coin360 BTC price resistance Data from […]

Blockchain’s Need for Speed Brings New Tools to the Crypto Industry April 19, 2020

Another day, another mainnet launch. Or at least, that’s sometimes how it can feel in the blockchain space, as every project seems to be scrambling to be the latest and greatest in balancing the trade-offs between speed, scalability and security. Unfortunately, many of them end up languishing with little development activity and precious few users. […]

Crypto Scams on the Rise and Can Still Affect Bitcoin’s Price April 18, 2020

Bolstered by the new coronavirus pandemic, scams continue to be rampant in the cryptocurrency world. From malware to fake investment programs and even fake donations to health organizations, scammers are known for taking advantage of desperate times and desperate people. One of the most prominent scams in the industry, PlusToken, has come under the spotlight […]

Crypto Markets Took a U-Turn During the COVID-19 Crisis, Say Oxford Profs April 17, 2020

The COVID-19 pandemic has sparked unexpected and revealing patterns among cryptocurrency traders, according to new research. In their paper entitled “How Crisis affects Crypto: Coronavirus as a Test Case,” posted to the Oxford University Faculty of Law blog on April 17, Hadar Y. Jabotinsky And Roee Sarel observed that the crypto markets took a pronounced […]