Major cryptocurrency exchange Binance’s United States-based branch Binance.US will launch in the coming weeks, preceded by Know Your Customer (KYC) registration a few days earlier. According to a Medium post published by Binance.US on Sept. 6, while the launch of the trading platform itself is expected in the following weeks, KYC onboarding will start a...Read More
Blockchain technology will most likely be standardized by 2021, according to American business and financial services company Moody’s. Per the research report published on Sept. 5, these standards will probably be established in the blockchain industry by 2021 and will be positive for “future securitisations using the technology.” The company claims that this could result...Read More
Japan, one of the leading markets for cryptocurrencies, has seen a series of important developments for the cryptocurrency and blockchain industries this week. The country’s financial regulator, the Financial Services Agency (FSA), has licensed crypto-related businesses. Japanese Deputy Prime Minister and Finance Minister Taro Aso noted that regulators need to find new approaches to address...Read More
Saturday, Sept. 7 — Bitcoin (BTC) is trading sideways after falling short of the resistance at $11,000 yesterday, while Ether (ETH) is making a slight recovery from its dip earlier this week Market visualization. Source: Coin360 Bitcoin has been trading in a range around $10,400 today. Yesterday it appeared that the coin would finally cross...Read More
The German-speaking world continues to see lots of developments in the crypto industry, with the German government clarifying proposed regulations, Switzerland adding a new blockchain hub, while Bitcoin (BTC)-scammers are using Austrian celebrities in fake crypto ads. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf...Read More
The Spanish-speaking world saw some major developments this week with Spain introducing a reinforced authentication system for payments, Mexico giving fines up to $47,000 for the unauthorized use of crypto and a South Korean blockchain delegation visiting Peru. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph...Read More
Huobi University, the research and education arm of cryptocurrency exchange Huobi, announced its collaboration with the University of Gibraltar on various blockchain initiatives. On Sept. 5, Houbi Group, the parent company of both Huobi University and Huobi exchange, announced what the firm describes as its “first formal collaboration with a Western university.” As Cointelegraph reported...Read More
Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. According to the new LinkedIn’s list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while...Read More
Bakkt Warehouse custody opened yesterday, as clients were able to deposit Bitcoin funds into the accounts. However, minutes after the tweet announcing the opening, the price of Bitcoin dropped by $700 — a classic example of buying the rumor, selling the news. Let’s take a look at the charts to see where the market is...Read More
Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment instruments, stores of value...Read More
Friday, Sept. 6 — The Bitcoin (BTC) price is holding around the $10,400 price mark after the largest cryptocurrency got rejected in its attempt to break $11,000. Market visualization. Source: Coin360 Bitcoin was well on its way to the $11,000 price mark, hitting an intraday high of $10,895 when it lost $400 in less than an...Read More
Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company was watching cryptocurrencies closely as they believe it has long-term potential. The company claims that Apple pay processes about one billion transactions every month. With such a wide reach, Apple’s move to crypto, similar to Facebook, will be a huge...Read More
Lithuanian blockchain startup DappRadar, a platform for discovering and analyzing blockchain-based decentralized applications (DApps), announced it raised $2.33 million in seed funding. $2.33 million to expand services On Sept. 5, DappRadar announced the closing of a $2.33 million seeding round, which was led by Naspers, a South African-based global internet and media group, with participation...Read More
Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment. Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks would likely will not release...Read More
Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin. As Bloomberg reported on Sept. 5, lobbying disclosures filed earlier this week revealed that William Hollier, the president of legislative and regulatory counseling firm Hollier Associates LLC, began lobbying for Facebook on blockchain policy, among other matters,...Read More
Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking...Read More
The recipient wallet of the $1 billion Bitcoin (BTC) transaction on Sept. 6 is now presumed to be the first richest non-exchange address. The recipient wallet of the massive 94,504 Bitcoin ($1.031 billion) transaction is the top richest Bitcoin address that is not reportedly associated with any crypto-related company, according to data from monitoring resource...Read More
A $1 billion Bitcoin (BTC) transaction has become conspicuous not because of its size but because its sender spent far too much on fees. Someone could have sent 94K BTC for $35 Social media users were guessing at the origin and destination of the funds on Sept. 6, which involved 94,504 BTC ($1.018 billion). According...Read More
Four out of the first five results presented when querying Google for a “bitcoin qr generator” lead to scam websites. The findings Cryptocurrency wallet ZenGo wrote the findings in a blog post published on Aug. 29. Reportedly, when researching prior to implementing QR Code support in their wallet, ZenGo learned of the prevalence of scam...Read More
The cryptocurrency insurance market is expected to grow at a faster rate if United States regulators provide more regulatory clarity, according to industry experts. As Forbes reported on Sept. 5, CEO of San Francisco-based cybersecurity agency Coalition, Joshua Motta suggested that the market for digital currency insurance is now worth between $200 million and $500...Read More
Securities and cryptocurrency exchange Hyperion Technologies acquired two products developed by blockchain consulting firm Vanbex Labs, which is currently under investigation in British Columbia. Vanbex announced in a post published on its blog on Sept. 4 that Hyperion had acquired Vanbex’s blockchain solutions Rocket and CryptoTaxes. The Forfeiture Office alleges that Vanbex and its partner...Read More
A venture arm of major global crypto exchange Binance has led a $5.7 million funding round to launch new decentralized blockchain protocol, the FIO Protocol. According to a press release shared with Cointelegraph on Sept. 5, Binance labs has invested in Denver-based blockchain usability firm Dapix, which is developing the Foundation of Interwallet Operability’s (FIO)...Read More
Switzerland-headquartered food retail giant Nestlé says it has had to adopt a “start-up mindset” in order to push ahead with its challenging blockchain venture. Insights into the retailer’s blockchain development work were revealed by Nestlé Digital Technology Manager Armin Nehzat in a Sept. 5 interview with TechWire Asia. A long-term journey, not a short-term bet...Read More
Rainforest Foundation US is a New York-based, non-profit NGO working in Central and South America, which is now hoping to support anti-deforestation efforts with crypto and blockchain tech. Deforestation and fires in the Brazilian Amazon On Sept. 4, the Rainforest Foundation reached out to the crypto and blockchain community to ask for their support to...Read More
Cryptocurrency exchange Coincheck, a subsidiary of Japanese financial services firm Monex Group, partnered with marketing research company Macromill Group to launch the Coincheck Survey service that allows its users to exchange reward points for digital assets. Got points? Get crypto! According to Monex Group’s official press release published on Sept. 4, customers will be able...Read More
San Francisco-based, fiat-focused crypto exchange, OKCoin, recently announced the launch of a voting-driven initiative to donate up to 1,000 BTC to developers of Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin Satoshi’s Vision (BSV). Voting starts today According to a press release shared with Cointelegraph on Sept. 3, OKCoin, one of the top exchanges by adjusted...Read More
Ron Hammond took to Twitter today to confirm to the XRP community that he is the new manager of government relations for Ripple. Token Taxonomy Act On Sept. 3, Ron Hammond took to Twitter to announce that as of today, he is the new Manager of Government Relations for Ripple. Hammond was reportedly part of...Read More
Chinese crypto exchange Huobi plans to launch its blockchain-powered smartphone Acute Angle in Southeast Asia next week. Official launch is coming next week Huobi’s new blockchain phone was already available to some users in China, but the actual launch is scheduled for next week as part of the sixth Huobi Prime launch, according to a...Read More
Binance, the world’s largest exchange by trading volume, has acquired JEX, a crypto-asset trading platform that offers spot and derivatives trading services. The exchange announced the acquisition on Sept. 2, saying, “JEX will join the Binance ecosystem as Binance JEX and focus on further building the crypto-asset derivatives market.” According to the announcement, Binance will...Read More
Connecticut police caught a man who had stolen over $15,000 worth of digital currency in a mobile phone theft after he mistakenly sent an apology email to a detective heading the investigation. Back in April, a Connecticut resident fell victim to a cryptocurrency theft by New Jersey citizen Darren Carter, wherein the latter swiped the...Read More
