Brazilian Cryptocurrency Brokerage Wins Lawsuit Over Closed Bank Account August 2, 2019

Brazil-based cryptocurrency brokerage M Intermediação e Prestação de Serviço Ltda. has won a lawsuit against Banco Bradesco, which was initiated after the bank closed M Intermediação’s account. Cointelegraph Brazil reported the legal victory in a report on August 1. According to the report, M Intermediação uses the Bitcoin network as well as traditional bank accounts […]

Cryptocurrency Mobile App Downloads Stall Amid Price Surge: Report June 30, 2019

Despite bitcoin’s (BTC) recent price surge, the download count of cryptocurrency-related mobile applications is not increasing, Bloomberg reports on June 28 Data form mobile app analytics firm App Annie shows that, while in the first half of 2018 there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year there were […]

Will PwC’s New Software Solve the Cryptocurrency Auditing Problem? June 22, 2019

Earlier this week, Big Four firm PwC announced the release of a cryptocurrency auditing software solution. According to the multinational professional services network, its Halo auditing suite has now been updated to accommodate “entities engaging in cryptocurrency transactions.” The new tool reportedly allows PwC to establish crypto asset ownership and gather information about transactions and […]

Binance DEX: Navigating Country-Specific Cryptocurrency Trading Restrictions June 9, 2019

At the start of June 2019, reports emerged that Binance DEX’s website was blocking users with IP addresses from 29 countries. This news immediately caused confusion with some commentators, using it as an opportunity to reaffirm their stance that Binance DEX is not truly a decentralized exchange (DEX). However, as it turned out, the initial […]

SL Benfica Offers Cryptocurrency Payment Option for Online Store June 6, 2019

Major Portuguese sports club SL Benfica now accepts cryptocurrency for merchandise and tickets, Verdict reports on June 6. According to the report, SL Benfica partnered with cryptocurrency service Utrust to provide the new payments option. Fans and customers can now buy tickets any products on the club’s website with Utrust’s native token (UTK), or with […]

Indian Police Uncover Cryptocurrency Scam Involving BitConnect Promoter June 3, 2019

Indian police have reportedly discovered an alleged multi-million dollar cryptocurrency scam, involving a BitConnect promoter, local media outlet the Times of India reported on June 3. The Criminal Investigation Department (CID) in Gujarat, India, has accused Divyesh Darji — a promoter of now-defunct cryptocurrency investment program BitConnect that ceased its operations in January of last […]

Coinbase Now Supports Cryptocurrency Token EOS May 30, 2019

Major United States-based cryptocurrency exchange and wallet service Coinbase has added support for EOS, according to a press release on May 30. The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time. The announcement also notes […]

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 […]