Report: No Bank Account Needed to Transfer China’s Upcoming CBDC August 30, 2019

Binance Research, the research arm of the major crypto platform Binance, has reported that no bank account will be necessary to use China’s Central Bank Digital Currency (CBDC). Loose coupling and anonymity Binance Research shared its findings on Aug 28. According to the report, China’s CBDC will be transferable without a bank due to its […]

Bitcoin Price Struggles to Recover After Slump Earlier Today August 29, 2019

Wednesday, Aug. 28 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red following a sudden price crash at 5:45 p.m. UTC. The market as a whole is also red across the board. Market visualization. Source: Coin360 The Bitcoin price is trading at $9,691 at press time, marking a 4.42% price decrease […]

Unconfirmed: Eight Institutions to Get China’s Digital Currency First August 28, 2019

According to sources, the People’s Bank of China is giving its first round of central bank digital currency (CBDC) to online retail giant Alibaba, Internet giant Tencent, five banking organizations and one unknown entity. The first beneficiaries Forbes reported the news on Aug. 27. The sources named are Paul Schulte, who previously worked as head […]

VMWare CEO Gelsinger Condemns Bitcoin as Bad Design, Bad for Humanity August 27, 2019

Pat Gelsinger, the CEO of major cloud computing and virtual machine company VMWare, has condemned Bitcoin (BTC) as being “bad for humanity.” Fortune spoke to Gelsinger about Bitcoin prior to VMWare’s annual conference in San Francisco on Aug. 26. According to Gelsinger, one issue with Bitcoin is its purportedly high energy consumption, which contributes to […]

Crypto News From Brazil: Week in Review August 26, 2019

Last week, Brazilian authorities took regulatory action against crypto-related businesses and several alleged cryptocurrency scams. Earlier this month, legal requirements for crypto-related business tightened in the country, when Brazil’s tax authority, the Department of Federal Revenue (RFB), introduced strict reporting requirements for crypto transactions.  Police search Grupo Bitcoin Banco with alleged excessive force The Military […]

Chainalysis Rolls Out Real-Time Threat Detector for 15 Major Cryptos August 25, 2019

Blockchain analytics firm Chainalysis has launched transaction alerts for suspicious exchanges of a range of cryptocurrencies. In a post published on the firm’s blog on Aug. 22, Chainalysis announced the launch of alerts for suspicious cryptocurrency transactions in Chainalysis Know Your Transaction (KYT), the company’s real-time anti-money laundering compliance solution. The company also claims that […]

House Financial Services Committee Will Continue Libra Review August 24, 2019

Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to review Facebook’s proposed cryptocurrency Libra and the corresponding digital wallet Calibra. A priority for autumn 2019 Waters announced the committee’s priorities for fall 2019 on Aug. 23. According to the statement, the committee plans to […]

Japanese HR and Tech Giant Recruit Holdings Invests in Blockstack August 23, 2019

Blockchain startup Blockstack PBC has received strategic investment from Japanese human resources giant Recruit Holdings. U.S. startups look for Japanese partnerships The Block reported the startup’s new funding on Aug. 22. As part of the investment deal, Recruit, which is currently valued at $50 billion USD, is purchasing Blockstack’s STACK tokens.  Blockstack PBC CEO and […]

Casa Releases Node Monitor Service to Improve Bitcoin Network Health August 22, 2019

Casa, a crypto firm that provides a private key management service and Bitcoin node machine, has unveiled a node monitor and accompanying rewards program to promote Bitcoin network health. Casa announced the new projects in an official blog post on Aug. 21. Per the announcement, the node monitor — called Node Heartbeats — relies on […]

ICO Rating Settles With SEC Over Alleged Anti-Touting Violations August 21, 2019

The United States Securities and Exchange Commission (SEC) has charged Russian analytical agency ICO Rating for $268,998 for violating anti-touting provisions, according to an announcement on Aug. 20. In the announcement, the SEC claimed that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of 1933 by failing to disclose payments […]

Judge Rejects Multimillion Dollar Asset Plea in Crypto Fraud Case August 20, 2019

A Supreme Court judge in British Columbia (BC), Canada, has denied a motion to set aside an asset freeze, which was requested by the defendants in a multimillion dollar cryptocurrency fraud case. The defendants had filed to set aside an interim preservation order that was issued by the British Columbia Civil Forfeiture Office in order […]

Would Blockchain Better Protect User Data Than FaceApp? Experts Answer August 19, 2019

FaceApp — the mobile application that has blown up your Instagram feed with pictures of your followers as old people, the opposite gender or babies — has raised a lot of concerns about potential privacy violations for users that upload their photos to be edited. Rumors have circulated that the application might even be taking […]

Japan to Solarize Its Burgeoning Digital Economy, Expert Take August 18, 2019

Society is now witnessing the implementation of digital currencies, artificial intelligence (AI) and blockchain technology worldwide. These new digital technologies necessitate very high consumption of electric energy, which is currently produced with coal and fossil fuels that have adverse environmental effects. A global shift toward green energy will require the removal of the technological/infrastructural, financial […]

US Customs and Border to Trial Blockchain Shipping Proof-of-Concept August 17, 2019

A United States Customs and Border Protection (CBP) advisory committee, is planning to launch a live test of its blockchain-based intellectual property rights proof of concept. The Commercial Customs Operations Advisory Committee (COAC) will run its tests from late August to late September, per a report published on the CBP’s website. The COAC advises the […]

Bitcoin Price Shows Signs of Recovery as Altcoin Market Stays Red August 16, 2019

Thursday, Aug. 15 — Bitcoin (BTC) is seeing some upward movement as Ether (ETH) and XRP continue to slump. Market visualization. Source: Coin360 Bitcoin is trading at $10,407 at press time, representing a 0.82% price increase on the day. Bitcoin has ranged from just under $10,000 to over $12,000 this month and had most recently […]

Walmart Files Patent for Blockchain-Based Drone Communication System August 15, 2019

American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology.  Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is […]

Icon to Giveaway $570,000 in Tokens to Promote Voting, Decentralization August 14, 2019

The Icon Foundation, the group behind the Icon blockchain network, is giving away 3 million ICX tokens — worth ~$570,000 — in anticipation of its upcoming Public Representative (P-Rep) elections. The giveaway will last from August 26 to September 24 for IXC token holders who opt to participate in P-Rep voting. Icon shared news of […]

Binance’s Trust Wallet Releases Desktop App for MacOS August 13, 2019

The Binance-owned digital currency wallet, Trust Wallet, has released a desktop application for macOS. The team behind Trust Wallet announced the development in a tweet today, Aug. 12, also revealing that the wallet will be available in the Mac App Store shortly. In a series of tweets, Trust Wallet founder Viktor Radchenko disclosed that support […]

Justin Sun: Tron’s Listing on Major US Exchange Is #1 Priority August 12, 2019

Tron (TRX) founder Justin Sun has said that getting the cryptocurrency listed on the American version of Binance or Coinbase is his company’s number one priority. The entrepreneur was responding to tweets from Tron enthusiasts on Aug. 9, with some claiming that investors were concerned that United States citizens will be unable to trade TRX […]

Bitcoin Price Drops on the Day as Altcoins Send Mixed Messages August 11, 2019

Saturday, Aug. 10 — the top 20 cryptocurrencies are reporting largely reddish movement on the day, as Bitcoin (BTC) price saw a sudden dip earlier today. Market visualization courtesy of Coin360 Bitcoin’s price is currently down 4.62% on the day, trading at around $11,370 at press time, according to Coin360 after slipping from around $11,800 […]

New Jersey Governor Signs Bill to Establish Blockchain Task Force August 10, 2019

Governor of New Jersey Phil Murphy recently signed bill S2297, which is an act to create a so-dubbed New Jersey Blockchain Initiative Task Force. The purpose of the task force is purportedly to study blockchain solutions for the benefit of the state. The news that Murphy passed this bill comes by way of an announcement […]

tZERO to Offer Public Trading Starting Aug. 12, Expects Up To 50,000 Investors August 9, 2019

Retail giant Overstock’s blockchain subsidiary company, tZERO, plans to allow the public to trade its security tokens in four days. Saum Noursalehi, CEO of tZERO, shared the announcement with CoinDesk, per a report published on Aug. 8. According to the announcement, Aug. 12 marks the end of a one year lock period following the company’s […]

BMO Chief Investment Strategist: Too Soon to Call Bitcoin a Safe Haven August 8, 2019

Brian Belski, chief investment strategist at the investment banking company BMO Capital Markets, said that he thinks it is premature to call Bitcoin (BTC) a safe haven from economic turmoil. Belski shared his views on Aug. 7 on CNN Business show Markets Now, where he said: “Bitcoin has been excessively volatile, especially the last couple […]

LedgerX: Media Misreports BTC Futures Status, Option ‘Coming Soon’ August 7, 2019

Earlier this week, United States-regulated crypto derivatives and clearing platform LedgerX was reported to launch the first physically settled Bitcoin futures contracts in the country, therefore stealing a march on Bakkt and ErisX. However, the Commodities Futures Trading Commission (CFTC) soon refuted that information by stating that the exchange has not yet been properly cleared […]

Trading Platform EToro Adds Support for Tezos Amid Price Surge August 6, 2019

EToro, a United Kingdom-based exchange and social network for investors and traders, has rolled out trading support for Tezos (XTZ) on Aug. 5. As eToro tweeted today, Tezos, the 16th-top cryptocurrency by market capitalization, is now available for trading on the platform. According to a press release, Tezos has become the 15th crypto asset to […]