08. August 2018
Crypto mining hardware manufacturer Bitmain has reportedly secured China’s biggest technology company Tencent and Japan’s Softbank, Uber’s biggest shareholder, as investors in a pre-IPO financing round. Chinese crypto giant Bitmain, commonly known for manufacturing bitcoin mining equipment and operating mining pools, is attracting interest from some of the world’s biggest companies and investors ahead of its initial public offering (IPO) on the Hong Kong Stock Exchange later this year....
07. August 2018
Stock trading app Robinhood has made ethereum classic (ETC) the sixth cryptocurrency listed on its recently-launched crypto trading platform. The $5.6 billion firm unveiled support for ethereum classic on Monday, providing investors in eligible U.S. states with the ability to hold ETC in their portfolios alongside their traditional equities investments. Robinhood has been rolling out cryptocurrency trading on a state-by-state basis as it obtains the money transmitter licenses to operate in each...
06. August 2018
The New York State Department of Financial Services (DFS) has stated its opposition to the U.S. Department of Treasury’s endorsement of regulatory “sandboxes” for fintech companies that essentially allow fintechs to receive special bank charters, according to a statement on its website by Maria T. Vullo, DFS superintendent and overseer for the state’s BitLicense regime. The New York DFS announced its opposition shortly after the Office of the Comptroller of the Currency, an independent...
03. August 2018
The government of Queensland, Australia’s second largest and third-most populous state, is backing a local crypto payments startup that officials believe will help boost tourism in the state. In an announcement on its official website on Wednesday, the Queensland government revealed details of an AUD$8.3 million grant given to 70 domestic companies looking to innovate in the region. Pointedly, the announcement pinned Queensland-based crypto payments startup TravelbyBit as the headlining act...
02. August 2018
Forget cryptojacking, SIM hijacking now seems set to become even more lucrative for criminals looking to cash in with bitcoin from the burgeoning space. A 20-year old college student from Boston, Massachusetts was arrested in California earlier this month on charges of being part of a gang that hacked cellphone numbers before stealing over US$5 million in bitcoin and other cryptocurrencies. According to Motherboard, the number of cell phone numbers that the Bostonian named Joel Ortiz and his...
01. August 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 that it included a mixture of cash, Binance stock, and Binance tokens (BNB). Trust Wallet is not one of the better...
31. July 2018
Will social media empress Kim Kardashian help bring more users to bitcoin? Matthew Roszak, co-founder of Bloq and other cryptocurrency initiatives, must have thought so when he presented the social media titan a physical bitcoin during the First Annual “If Only’ Texas Hold’Em Charity Poker Tournament,” an event he announced on Twitter. https://twitter.com/MatthewRoszak/status/1023805927130972161 It didn’t take long for Kardashian to post “We moved onto bitcoin” on Instagram, along...
30. July 2018
The association announced it’s pushing for a fintech platform using blockchain technology. The new registrar system will cut issuance times in more than half. The Thai Bond Market Association (TBMA) plans to implement a new registrar service platform combining financial technology with blockchain technology. There are ongoing plans to put it to practice during the current year to improve the growth of the secondary market. TBMA Wants To Issue New Bond Certificates in Two Days President Tada...
27. July 2018
Ripple’s CTO and one of the original architects of the XRP Ledger, David Schwartz responded to Roger Ver’s statement on XRP. Roger Ver, the CEO of Bitcoin.com, popularly known as Bitcoin Jesus faced a backlash on the social media platform after he said that today it is debatable if XRP is even a cryptocurrency. During an interview with Omar, a well-known YouTuber, Roger spoke about his investment in Ripple, the company. Roger said that technically, he is the second person to be involved in...
27. July 2018
To say that Galaxy Digital, the cryptocurrency merchant bank founded by billionaire hedge fund manager Mike Novogratz, had a disappointing first quarter would be an understatement. The firm, billed as the “Goldman Sachs of Crypto,” lost more than $130 million during the first three months of the year, a product of a bear market that wiped hundreds of billions of dollars off the nominal value of the cryptocurrency industry. According to Galaxy Digital’s audited financial statements,...

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