E-Commerce Firm Rakuten Readies Cryptocurrency Exchange for April Launch After Name Change March 25, 2019

Japanese e-commerce giant Rakuten has completed registration of its cryptocurrency exchange Rakuten Wallet, which will go live next month, the company confirmed in a press release on March 25. Rakuten, which follows several major Japanese tech players in entering the crypto exchange market, renamed its product from Everybody’s Bitcoin earlier this month. The company had […]

Major Latin American E-Commerce Company Bans Cryptocurrency-Related Ads March 23, 2019

The largest e-commerce company in Latin America, Mercado Livre, has banned cryptocurrency advertising on their website, Cointelegraph em Português reported on March 18. The development was revealed in an exclusive interview with Cointelegraph em Português after the company’s users reported receiving of emails informing them about the change in Mercado Livre’s policy. The new policy […]

CookieMiner Malware Tries to Hack Mac Users’ Cryptocurrency Exchange Accounts, Report February 1, 2019

A new form of malware steals cookies from cryptocurrency exchanges and other data in an attempt to hack user accounts, cybersecurity research team Palo Alto Networks reported on Jan. 31. CookieMiner, a progression of OSX.DarthMiner, is a malware targets Mac users, stealing saved Google Chrome passwords, iPhone SMS messages and iTunes backups on tethered machines […]

Bitcoin Falls Below $3,500 as Fresh Downturn Hits Cryptocurrency Markets January 28, 2019

Monday, January 28 — Bitcoin (BTC) lost 3 percent and altcoins shed up to one tenth of their value as bearish moves returned to cryptocurrency markets. Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 shows a downtrend at the start of the week, with BTC/USD losing support at $3,500. A sudden dip […]

Japanese Regulators Grant Cryptocurrency Exchange License to Coincheck January 11, 2019

Japan’s finance regulator, the Financial Services Agency (FSA), has granted full permission for cryptocurrency exchange Coincheck to continue operating in the country. Cointelegraph Japan reported on the development on Jan. 11, quoting an official communique. Coincheck, which was hacked in January 2018, losing altcoin tokens worth $530 million at the time, now joins the slowly […]

Bloomberg: Facebook is Developing a Cryptocurrency for Transfers in WhatsApp December 21, 2018

Facebook is reportedly making a cryptocurrency for users of the messaging service WhatsApp, Bloomberg reports on Dec. 20. The token will purportedly be used for money transfers made within the app, and will focus on the remittances market in India. Citing sources familiar with the matter, Bloomberg states that Facebook is developing a stablecoin. The […]

Binance Tackles Cryptocurrency ‘Misinformation’ With Multilingual Educational Article Bank December 12, 2018

Cryptocurrency exchange Binance has launched a collection of educational content comprising almost 500 articles in order to fight “incorrect” and “misleading” information, a press release confirmed Dec. 12. Binance, which regularly tops the list of the world’s largest exchanges by volume traded, will initially support 15 languages via the project. The launch and development is […]

Venezuela Mandates Passport Fees Must Be Paid in Controversial Cryptocurrency Petro October 8, 2018

Venezuelans can only use the state-backed cryptocurrency, the Petro, to pay for passport fees starting next week, the country’s vice president Delcy Rodriguez said in a press conference Friday, Oct. 5. Ahead of Petro’s official “launch” in November, Rodriguez confirmed that as of Monday, Oct. 8, fees for all passport applications will only be payable […]

Swiss Startup Raises $103 Million to Launch Cryptocurrency Bank September 27, 2018

Switzerland-based startup SEBA Crypto AG has raised 100 million Swiss francs ($103 million) to set up a bank offering cryptocurrency-related services, Reuters reported September 26. SEBA is reportedly headed by former UBS bankers — Guido Buehler as chief executive and Andreas Amschwand as chairman — and plans to apply for a banking and securities dealer […]

Japanese Cryptocurrency Exchange Hacked, $59 Million in Losses Reported September 19, 2018

Hackers have reportedly stolen $59 million worth of cryptocurrencies from Japanese cryptocurrency exchange Zaif, Cointelegraph Japan reports September 19. According to a local report, as a result of a security breach on September 14, hackers managed to steal 4.5 billion yen from users hot wallets, as well as 2.2 billion yen from the assets of […]

Back of the Net: Cryptocurrency Stands to Win Big in the Football Sector September 17, 2018

As advocates of blockchain put forward theses for revolutionizing a plethora of industries around the world, European football — one of the most ubiquitous industries — is not an exception. French soccer club Paris Saint-Germain (PSG) revealed in a Sept. 11 press release shared with Cointelegraph that it is partnering with blockchain platform Socios.com. The […]

Smart Banking Ecosystem to Shield Consumers From Volatility in Cryptocurrency Prices September 4, 2018

A new smart banking ecosystem based on blockchain technology is offering an all-in-one platform for managing cryptocurrencies, fiat money and stocks — and hopes to make crypto payments practical and widespread. Platio believes that, eventually, all financial assets are going to be tokenized and run on blockchains — completely transforming the international financial system. However, […]

Japan’s Messaging Giant LINE Launches Its Own Cryptocurrency August 31, 2018

Japanese social messaging giant LINE has launched its own cryptocurrency and in-house blockchain, according to an announcement released today, August 31. LINE has revealed that the genesis block of its new mainnent, LINK chain, was generated August 23. The company describes the mainnet as a “service-oriented” blockchain network that will enable decentralized apps (dApps) to […]

July Roundup: Cryptocurrency Winners and Losers August 3, 2018

Top performing cryptocurrencies were Bitcoin, Stellar, and Zcash while Binance Coin, Tezos, OmiseGO and Qtum were the biggest losers. As another month passes in crypto land it is time to look back at the best and worst performing cryptocurrencies in July. Following the yearly lows in June things promised to be more positive in July. […]

SBI Invests $9 Million in Institutional-Grade Cryptocurrency Derivatives Platform August 2, 2018

Japanese financial services giant SBI Holdings has invested $9 million in U.S. digital marketplace architect Clear Markets to fund the latter’s creation of a cryptocurrency derivatives trading platform built for institutional investors. Nikkei Asian Review reports that SBI Crypto Investment has obtained a 12 percent stake in Clear Markets, which is headquartered in Charlotte, NC […]

Cryptocurrency Exchange Binance Buys Ethereum Wallet Service in First-Ever Acquisition July 31, 2018

Binance, one of the world’s two largest cryptocurrency exchanges, has just completed its first-ever acquisition. According to TechCrunch, the Malta-based exchange operator acquired Trust Wallet, creator of the eponymous mobile Ethereum wallet that includes support for ether, as well as ERC-20 and ERC-223 tokens. Terms of the deal have not been disclosed, but Binance confirmed […]

Analysts: China’s Cryptocurrency Could Be Bigger Than Bitcoin July 31, 2018

News Experts believe China is far from uninterested in cryptocurrency despite its overt efforts at bans of one kind or another. In fact, it is widely believed the communist government is contemplating its own version of a state backed cryptocurrency. Should that be the case, analysts assume it could potentially be bigger than Bitcoin. Also […]

Six Tools Used by Hackers to Steal Cryptocurrency: How to Protect Wallets July 29, 2018

In the early July, it was reported that Bleeping Computer detected suspicious activity targeted at defrauding 2.3 million Bitcoin wallets, which they found to be under threat of being hacked. The attackers used malware — known as “clipboard hijackers” — which operates in the clipboard and can potentially replace the copied wallet address with one […]

Japanese Cryptocurrency Exchanges Plan Limits on Borrowed Margin Trading July 27, 2018

Japan’s primary self-regulatory body for cryptocurrency exchanges is finalizing a proposal to enforce a limit on the amount of funds investors can borrow for margin trading of cryptocurrencies. The Japan Virtual Currency Exchange Association (JVCEA) is proposing a 4-to-1 limit on margin trading wherein investors will only be allowed to borrow up to four times […]

Vietnam’s Securities Watchdog Bans Industry from Cryptocurrency Activity: Report July 26, 2018

The State Securities Commission of Vietnam (SSC), the country’s stock market watchdog, has reportedly forbidden industry firms from engaging in cryptocurrency-related activities. Vietnam’s official state news agency is reporting that the country’s securities markets watchdog has ‘required’ the industry to not partake in “any issuance, transaction or brokerage activities related to cryptocurrencies” in a circular […]

Cryptocurrency Market Update: Stellar Flies High on New Partnership July 26, 2018

Crypto land is still in the green, Stellar, ChainLink, Stratis and Komodo making good gains. The correction has not happened yet and markets are still creeping higher. Only Bitcoin and a couple of altcoins seem to be the beneficiaries however. Total market capitalization has broken $300 billion and is holding just above it at the […]

Indian Law Commission Recognizes Cryptocurrency as an ‘Electronic Payment’: Report July 25, 2018

The cryptocurrency ecosystem in India may have just found a lifeline, albeit an unlikely one. According to a legal report released in July 2018, the country’s lawmakers are considering legalizing the multi-million dollar sports betting industry – naming cryptocurrencies as a legally acceptable payment method akin to credit and debit cards. India Explores Cryptocurrencies in […]

Coinbase Enables Cryptocurrency Gift Cards in Europe and Australia July 25, 2018

Cryptocurrency exchange giant Coinbase has struck a new partnership to enable customers in Europe and Australia spend their cryptocurrency at major retailers and services including Nike and Uber. Coinbase is partnering WeGift, a London-based FinTech startup for the new service which allows its users to fundamentally withdraw their cryptocurrency into gift cards that can be […]

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 […]

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 […]