Judge Slams Craig Wright for Forged Documents and Perjured Testimony March 10, 2020

Judge Bruce Reinhart has slammed Craig Wright for producing forged documents and giving perjured testimony during the ongoing litigations between Wright and Ira Kleiman during a hearing concerning the Tulip Trust.  Reinhart questioned Wright’s credibility, noting that — in the past — the self-proclaimed Satoshi Nakamoto had openly lied to the court: “Particularly given my […]

Bloody Monday: Bitcoin Price Loses $8K, Oil -30%, DOW Futures Plunge March 9, 2020

Bitcoin (BTC) closed the week at $8,024, a shocking 9.92% loss and a new weekly low not seen since January 13 when the asset traded for $7,946. The abrupt correction took place as DOW, S&P 500 and oil futures plummeted as investor fears over the economic impact of the coronavirus continue to intensify.  Crypto market […]

Central Banks Are Exploring Blockchain — but For Their Own Reasons March 8, 2020

Despite the interest shown in decentralized ledger technology by central banks, cryptocurrencies continue to be mistrusted by the traditional financial system. This has been made apparent from comments by Andrew Bailey, the upcoming governor of the Bank of England, when addressing members of the United Kingdom Parliament at a Treasury Select Committee hearing on March […]

Binance CEO Admonishes Justin Sun Over Steem Fiasco: ‘Transparency Works’ March 7, 2020

Binance CEO Changpeng ‘CZ’ Zhao is distancing himself from Tron founder Justin Sun over what has been described by some as a ‘hostile takeover’ of the Steem blockchain. Sun claimed that these reports were “misleading” and that “We wanted to protect the sanctity of private property & the interests of all from malicious hackers.” Allegations […]

CryptoKitties Developers Launch Playground for Developers March 6, 2020

On March 5, CryptoKitties creator Dapper Labs announced the launch of Flow Playground — an interactive interface that lets developers experiment with developing applications on the company’s Flow blockchain. Developers are able to write and run smart contracts, and will be able to explore Dapper Labs “new resource-oriented programming language” Cadence. The language is designed […]

Japanese Marketing Firm Invests in Pantera Capital Crypto Fund March 5, 2020

Ceres, a marketing firm based in Japan, has just become the latest investor in the San Francisco-based blockchain and cryptocurrency hedge fund Pantera Capital. On Feb. 28, Ceres announced on its website that they were supplying Pantera an undisclosed amount of yen towards the group’s third crypto fund.  As the first Bitcoin fund in the […]

DDoS Attacks on OKEx and Bitfinex Were Sophisticated, Possibly Related March 4, 2020

As the cryptocurrency industry continues to mature, security remains a major challenge. Over the last few weeks, a number of cryptocurrency exchanges — namely, OKEx, Bitfinex, Digitex and Coinhako — have experienced security breaches. Although the attackers apparently did not manage to steal any funds, one of the incidents resulted in a leak of Know […]

US Court says $250 Million Stolen from Unnamed Exchanges March 3, 2020

Cryptocurrency companies may constantly be trying to improve their usability and security, but when there’s a weakness for hackers to exploit, they go big or go home. According to court documents released by Seamus Hughes at Program on Extremism, the United States District Court for the District of Columbia already convened a grand jury to […]

Ripple Says Stablecoins Could be Created on XRP Ledger March 2, 2020

Blockchain-based financial services network RippleNet provides a safe, convenient, and easy-to-use wallet for holders of the cryptocurrency XRP, and the features to their system’s ledger may be expanding.  RippleNet has been developed significantly since it was created in 2012. The system’s users have long had the ability to perform transactions on a decentralized ledger. Soon […]

Blockchain a Home-Run in the Sports World — Use Cases Climbing in 2020 March 1, 2020

The new decade has kicked off with blockchain technology finally being utilized in real case scenarios in the world of sports. Many blockchain proponents are enthusiastic about the wide variety of potential use cases, but real-life working examples are often hard to come by. The potential of the technology to underpin a variety of systems […]

Chinese Crypto and Blockchain Firms Grapple With Coronavirus Outbreak February 29, 2020

Chinese cryptocurrency exchanges and other blockchain companies are coping with a new reality as the coronavirus outbreak continues to disrupt their daily operations.  While crypto trading, customer service and marketing remain largely intact, the outbreak has taken its toll on technical upgrades, product development, logistics and business travel, according to a dozen executives in China […]

House Committee to Hold Hearing on Benefits of Blockchain February 28, 2020

Blockchain and cryptocurrencies are affecting the way both large corporations and small businesses operate, and governments are taking notice. Next week, a committee in the U.S. House of Representatives will hold a hearing focusing on blockchain’s impact on small businesses. The Committee on Small Business will hold a hearing titled “Building Blocks of Change: The […]

Price of Bitcoin Drops After $150 Million Liquidated on BitMEX February 27, 2020

Today the cryptocurrency market saw a huge drop in the price of Bitcoin (BTC).  According to the data analytics provider Skew on Feb. 26, over $150 million worth of Bitcoin was liquidated on the trading exchange BitMEX, the most seen since the new year began. Millions of dollars of long and short positions caused the […]

Crypto Goes Plastic — Coinbase’s Visa-Approved Solution Suggests Growth February 26, 2020

On Feb. 19, Coinbase announced that it has become a principal member of Visa. In an apparent first for the cryptocurrency industry, the firm is now able to issue debit cards without having to involve third parties. Prior to that, Coinbase had been releasing its physical cards in collaboration with authorized intermediaries, similarly to dozens […]

Blockchain Security Company CoolBitX Raised $16.75 Million in Series B February 25, 2020

CoolBitX, creator of the cryptocurrency-storing CoolWallet, continues to be popular with investors. In a press release today, the Taiwan-based startup announced that it had secured additional funding for expansion. Led by Japan-based SBI Crypto Investment Co. Ltd., the Monex Group, BitSonic, and the National Development Fund of Taiwan, the group provided CoolBitX $16.75 million from […]

Bitcoin’s Bullish Battle, Ethereum 2.0, BCH Faces ‘Slow Death’: Hodler’s Digest, Feb. 17–23 February 24, 2020

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin grapples with $10,000 — two scenarios for the week […]

Sectors Realizing the Full Potential of DeFi Protocols In 2020 February 23, 2020

As the new decade unreels, a new wave of disruption seems to be coming to the shores of the global financial system. That wave is called decentralized finance protocols. Decentralized finance, or DeFi, simply refers to financial software that is built on the blockchain to make it easy for anyone to piece together digital assets […]

NBA & NFL Believe in Non-Fungible Tokens, But Not Contract Tokenization February 22, 2020

Cointelegraph was on the ground for NFT NYC, event taking place a couple of hundred feet from Times Square dedicated to non-fungible tokens. While most of the companies at NFT NYC are early-stage startups still looking for their users, two attending organizations have hundreds of millions of fans around the world. Adrienne O’Keeffe, associate vice […]

Juventus Soccer Club Offers Digital Trading Cards Through Sorare February 21, 2020

The Italian soccer team Juventus has a number of traditional collectibles available for purchase by its fans, but this week it’s taking them into the digital age. The sports club announced on Feb 19. it would be offering digital trading cards of its players through the blockchain-enabled platform Sorare. By using Ethereum technology, Sorare will […]

Gram Token Injunction Could Go Down to the Wire February 20, 2020

Following a two-hour hearing, a New York federal judge has extended the restraining order that prohibits Telegram from distributing its Gram tokens. On Feb 19, Judge P. Kevin Castel of the US District Court for the Southern District of New York reserved judgment on the US Security and Exchanges Commission (SEC)’s request for a preliminary […]

The Law Enforcement’s Guide to Policing Crypto Cybercrimes February 19, 2020

2019 demonstrated that cyber-attacks are getting more numerous in the cryptocurrency industry, while hardware remains vulnerable and high-profile data leaks are becoming more common. Even worse, the trend is a continuing one.  Way back in June 2018, Kaspersky Lab security experts reported an increase in the amount of malware targeting the cryptocurrency market. They noted […]

Chinese Exchange FCoin Closes Down, Still Owes Users $125 Million February 18, 2020

Zhang Jian, founder of Chinese crypto exchange Fcoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (that’s $67 million to $125 million) that it owes users.  According to Zhang, the exchange hasn’t been hacked and isn’t an exit scam. But evidence suggests it might be exactly […]

Crypto Games, a Market in the Making of Its Own Fortune February 17, 2020

Since the release of a game called CryptoKitties in November 2017, the concept of nonfungible tokens has been rooted in the minds of developers and crypto investors alike. The year 2019 was groundbreaking, with large, multinational companies beginning to draw attention to the new sector of digital assets and develop their own projects. In 2020, […]

Bitcoin Price Drop Nets Bitfinex 'Whale' $10 Million in 5 Minutes February 16, 2020

Late Saturday night on Feb. 15, Bitcoin (BTC) price briefly reclaimed the $10K mark after a tumultuous day of trading that saw the price drop 5.35% to $9,853. The possibility of a downside break was enhanced by Bitcoin’s failure to hold above $10,330 and for the past 4 days $10,450 to $10,500 served as a […]

Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years February 15, 2020

China continues to pull ahead in the central bank digital currency race as more details on its secretive digital yuan project intermittently surface. As a result, more countries are beginning to worry about the potential implications. Over the past few weeks, a number of Japanese lawmakers have publicly expressed their preference for a CBDC controlled […]