Who Are the Brightest Minds in Crypto Featured Among Fortune’s ‘40 Under 40’ July 25, 2018

The world of finance is driven by some of the greatest minds out there, but every year we see new faces pop up on the list of the industry’s most influential. This month, Fortune released their list of ‘40 under 40,’ a compendium of the most influential figures in the global business space. The usual […]

Bitcoin Dominates Fortune’s Most Impressive, Young Superstars List July 25, 2018

News “For the first time ever,” Fortune magazine announced, it “has assembled a supplementary honor roll of the most impressive, young superstars who are transforming business at the leading edge of finance and technology.” They’ve selected forty representatives from all over fintech, and each is under forty years old. Among them are many cryptosphere leaders […]

Japanese Crypto Exchanges Push for Limit on Margin Trading Borrowing July 25, 2018

A self-regulatory organization formed by cryptocurrency exchanges in Japan is proposing a limit on how much investors can borrow when margin trading. According to a report from Jiji Press on Tuesday, the Japan Virtual Currency Exchange Association (JVCEA) has suggested domestic trading platforms enforce a restriction that investors can only borrow up to four times their […]

FINMA Seeks to Stem Exodus of Swiss Cryptocurrency Firms July 25, 2018

Finance The Swiss Financial Market Supervisory Authority (FINMA) has met with representatives of the country’s banking sector in the hopes of stemming a nascent exodus among cryptocurrency companies from Switzerland. The companies’ departures have been attributed to two Swiss banks’ decisions to no longer provide financial services to businesses dealing with virtual currencies. Also Read: India […]

China Releases Ranking of 31 Crypto Projects July 25, 2018

Finance China’s Center for Information Industry Development has released its third ranking of crypto projects. Out of 31 projects, EOS remains at the top of the list while both Bitcoin and Bitcoin Cash have improved slightly from the previous month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Third Ranking The Center for Information […]

Index ETF Tracking 10 Cryptocurrencies Filed With SEC July 25, 2018

Finance Bitwise Asset Management has announced its plan to launch “the first publicly-offered cryptocurrency index exchange-traded fund (ETF).” A registration statement has been filed with the U.S. Securities and Exchange Commission. The fund will track the returns of the company’s Hold 10 Index which aims to capture 80% of the total market capitalization of the […]

Binance Plans to Expand Into South Korea July 25, 2018

Cryptocurrency exchange Binance is making plans to expand operations into South Korea, reports Business Korea. Per the report, Binance CEO Changpeng Zhao hinted at his company’s expansion plans while speaking at the Blockchain Partners Summit in Seoul last weekend. While South Korea is presumed to be the third-largest crypto market after the U.S. and Japan, […]

Singapore Airlines' Blockchain-Based Loyalty Program Takes Off July 25, 2018

Singapore Airlines has officially launched its blockchain-based loyalty program for frequent customers. KrisPay, a digital wallet developed in partnership with KPMG and Microsoft, allows Singapore Airlines customers to turn travel miles into units of payment, which can be used with partner merchants in Singapore. Most notably, however, the newly dubbed KrisFlyer program utilizes a blockchain […]

BitMart’s Mission X: The Community Listing Market – “0” Listing Fee! July 25, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

Global Blockchain Spending to Hit $11.7 Billion in 2022, Fastest Growth in Japan and Canada: Report July 25, 2018

Enthusiasm for blockchain technology in businesses and organizations continues to gather steam, with global spending on blockchain solutions expected to rise almost tenfold between 2018 and 2022. According to market research firm International Data Corporation, the global expenditure on blockchain is expected to grow at a compound annual growth rate of 73.2% to reach a […]

FlipNpik Raises $2 Million to Date in ICO Private Sale, Consolidates Partnerships for Expansion into Asia July 24, 2018

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]

Prominent Investors Bullish on Bitcoin Reaching $8,100 With Strong Volume July 24, 2018

Large-scale hedge fund operators, cryptocurrency traders, experts, and exchange operators have expressed their enthusiasm towards the short-term rally of bitcoin. Experts React On July 24, the price of BTC surpassed a major resistance level at $8,000, reaching $8,300 within a matter of hours. The daily peak of bitcoin was established at $8,363, but the dominant […]

Nebulas in the Top Three of MIIT’s Public Blockchain Evaluation List July 24, 2018

Today (Beijing Time, July 20, 2018), the China Center for Information Industry Development (CCID) Institute of Blockchain Research under the Ministry of Industry and Information Technology published their third phase evaluation of the public blockchain projects. Nebulas ranked 3rd on the index with a total score of 108.8. The CCID Research Institute mainly evaluates the three dimensions of […]

Investment Startup Bitwise Proposes ETF for Top 10 Cryptos July 24, 2018

Crypto investment startup Bitwise is seeking regulators’ permission to offer an exchange-traded fund (ETF) tied to the top 10 cryptocurrencies. The Bitwise HOLD 10 Cryptocurrency Index Fund ETF would track the returns on the startup’s HOLD 10 Index. That index is the basis for a passive investment fund which itself invests in the top 10 cryptocurrencies […]

Another $1 Billion Blockchain Fund to Launch With Government Backing July 24, 2018

Another Chinese city is launching a fund worth over $1 billion in order to support the development of blockchain-focused enterprises. The district government of the Jiangbei new area in Nanjing city announced the plan to launch the 10 billion yuan (around $1.4 billion) blockchain fund last Friday. The project will be funded through a public-private […]

South Korean Telecoms Giant KT Has Built Its Own Blockchain July 24, 2018

KT Corporation, one of the two largest telecoms companies in South Korea, has launched a proprietary blockchain network, aiming to apply the technology across areas including ID verification, data roaming and energy trading. According to a report from CoinDesk Korea, the firm revealed its KT Network Blockchain on Tuesday, boasting a throughput of 2,500 transactions […]

S. Korea’s Top Telephone Company Reveals Its Own Blockchain Network July 24, 2018

State-owned KT Corporation, South Korea’s largest telephone company, has announced the launch of its blockchain-powered commercial network. The firm has built a blockchain layer on top of its existing nationwide network in order to make it “more secure and transparent,” according to an article by The Korea Herald published Tuesday, July 24. The news outlet […]

Meet Honeyminer: The App That Lets You Earn Bitcoin With a Laptop Again July 24, 2018

New mining software promises to let almost anyone earn small amounts of bitcoin with a Windows laptop, giving users a taste of the cryptocurrency’s early days. Revealed exclusively to CoinDesk, the New Jersey-based crypto mining startup Honeyminer quietly launched a free beta in June and has already garnered 10,000 downloads across the globe. Honeyminer allows users […]

Indian Crypto Exchange Unocoin Suspends Fiat Deposits, Withdrawals in Wake of RBI Ban July 24, 2018

Unocoin, a major Indian crypto wallet provider and exchange, has suspended rupee (INR) deposits and withdrawals “as per orders” from the country’s central bank, according to Unocoin’s blog post July 23. Unocoin notified its customers that fiat deposits and withdrawals are “temporarily disabled” until “an alternative method of funding is identified and deployed.” Meanwhile, crypto […]

China Now Downplaying Blockchain Could Be Social Construct to Build It Up July 24, 2018

China has led the way in terms of harsh regulations to quash cryptocurrencies like Bitcoin. They were the first country to institute blanket bans on ICOs and exchanges, and have never taken to the decentralized and liberal freedoms that comes from cryptocurrencies. However, that does not mean that China is opposed to the potential revolutionary […]

Singapore Airlines Launches Blockchain-Based Loyalty Wallet, Co-Developed by Microsoft July 24, 2018

Singapore Airlines (SIA) has launched its own airline loyalty digital wallet that uses blockchain technology, it announced July 24. The software has been co-developed by Microsoft and KPMG Digital Village, according to the press release. The new wallet — dubbed ‘KrisPay’ after SIA’s ‘KrisFlyer’ loyalty programme — converts frequent flyer miles into digitized ‘KrisPay miles’ […]

ConsenSys Signs MoU With China’s ‘Smart City’ of Xiongan for Blockchain Consulting July 24, 2018

China’s Xiongan New Area government has signed a Memorandum of Understanding (MoU) with ConsenSys to bring blockchain technology to the “smart city,” the South China Morning Post reported July 23. ConsenSys, a blockchain software technology company focusing on Ethereum (ETH) development, has confirmed they will advise the Xiongan government on blockchain and software solutions in […]

Gibraltar Stock Exchange’s Blockchain Platform Opens to Public Trading July 24, 2018

The UK Overseas Territory of Gibraltar launched its Gibraltar Blockchain Exchange (GBX) July 23, a press release confirmed, opening up cryptocurrency trading. The GBX was first announced by the Gibraltar Stock Exchange at BlockShow Asia conference in November 2017 GBX, which will ultimately function as a multifaceted ICO and trading ecosystem, currently offers three crypto-to-fiat […]

How Cryptocurrency Prices Work, Explained July 24, 2018

4. Tracking the price of Bitcoin gives us a good indication of the overall cryptocurrency market in the past 18 months. Bitcoin started 2017 at under $1,000 and took a dip when China announced investigations into cryptocurrency exchanges in the country. At that point, the majority of Bitcoin trading took place in China, and the […]

India Exchange Unocoin Suspends Withdrawals Following Central Bank Demands July 24, 2018

Exchanges “Deposits/Withdrawals Notice,” came the post title from popular Indian cryptocurrency exchange Unocoin this week. “As per orders from RBI,” the exchange explained, “bank INR withdrawals and INR Deposits have temporarily been disabled. Once an alternative method of funding is identified and deployed, we will resume the deposit and withdrawal services.” Also read: Cryptowhispers: DDoS […]