Bank of America is seeking to patent a “partitioned” security system for digital currency wallets that gives different users different levels of access to the stored funds. The second-largest U.S. bank, based in Charlotte, N.C., filed an application entitled “Multi-Tiered Digital Wallet Security” with the United States Patent and Trademark Office (USPTO) in February 2018. The...Read More
Cryptocurrency custodian BitGo has announced the addition of Xapo‘s Pete Najarian to its executive team. Joining as the chief revenue officer, Najarian is tasked with global sales strategy. Najarian was senior vice president of institutions at bitcoin service provider Xapo before joining BitGo. Coinbase Custody announced its acquisition of Xapo’s institutional business last week. Speaking...Read More
Metallicus, the startup behind the peer-to-peer payments platform Metal Pay, received an undisclosed angel investment from the youngest bitcoin millionaire, Erik Finman. In partnership with Metal Pay CEO Marshall Hayner, the two look to develop the first “all-in-one” cryptocurrency banking platform, which includes a 17 digital asset exchange, a digital bank and a payments application...Read More
A delegation of U.S. lawmakers is set to discuss Facebook’s Libra cryptocurrency project with the Swiss data privacy chief when they visit the country this week. Local news source NZZ am Sonntag said Saturday that a six-member group from the U.S. House of Representatives’ Financial Services Committee plans to meet Adrian Lobsiger, the Swiss Federal Data Protection and Information Commissioner, to...Read More
XRP has finally shown some signs that it is ready to rebound after increasing by a total of 17% from the low seen 3 days ago. The cryptocurrency is now trading at around $0.2849 after going through a 14% price decline over the past 30 days. XRP remains the third-largest cryptocurrency with a market cap...Read More
Silvergate Bank, one of the cryptocurrency industry’s few go-to financial service providers, is planning to become a crypto lender. According to an updated IPO filing, Silvergate, which serves some of the cryptocurrency world’s top firms like Coinbase, Bitstamp, Genesis Trading, Blocktower Capital, Polychain Capital and Xapo, has seen increased demand from the industry and is aiming to...Read More
Cryptocurrency exchange Binance has announced that it’s launching a project that will develop cryptocurrencies and digital assets pegged to fiat currencies around the world. Dubbed Venus, the “localized” stablecoin initiative will see the firm utilize its existing infrastructure, such as its public blockchain, Binance Chain, and international payment system, “to empower developed and developing countries to...Read More
CGEX, a Malta-based exchange opened by South Korea’s Coinone less than a year ago, is shutting down. The exchange posted an announcement last week saying that all services would be terminated on Sept. 18 at 2:50 UTC. After that date, customers will no longer be able to log in, and deposits and withdrawals will no longer be...Read More
Here’s what happened this week in Bitcoin in 99 seconds. New Zealand’s tax agency, the Inland Revenue Department, released a groundbreaking ruling, stating that salaries and wages may be legally paid in cryptocurrency. Income tax will be applied to such payments as per usual. To qualify, payments must be in regular amounts in cryptos...Read More
The existence of private decentralized cryptocurrencies like Bitcoin has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. The existence of private decentralized cryptocurrencies like Bitcoin (BTC) has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. TThe argument was put forth in a paper published on...Read More
Binance’s intended launch of a Libra-like stablecoin appeared to buoy markets as Bitcoin reversed previous losses. Bitcoin (BTC) price was returning to bullish form on Aug. 19 as markets look to break out from last week’s sideways trading. Market visualization. Source: Coin360 Bitcoin price builds on $10K support Data from Coin360 revealed Bitcoin challenging $11,000...Read More
Beijing’s state-issued offering might also help keep funds flowing into bank deposits, mainstream media reports. China’s answer to Facebook’s Libra digital currency could help the central bank attract business away from Alipay and WeChat Pay. Speaking to mainstream media outlet the South China Morning Post (SCMP) on Aug. 19, Cindy Wang, an analyst at DBS...Read More
The world’s leading cryptocurrency exchange, Binance, has announced its plans to launch a “regional version” of Facebook’s Libra called Venus. According to the official announcement, the main idea behind the cryptocurrency is to battle the currently established financial hegemony while taking advantage of the company’s well-established position as a leader in the cryptocurrency field. The...Read More
Over the past four days and since producing the Doji candle on the 4-hour chart, we have seen Bitcoin going through a beautiful bullish setting of higher lows. As mentioned in our previous analysis, Bitcoin found decent support by the mid-term ascending trend-line (marked yellow) from below. This setting was ‘roofed’ by the 200 moving...Read More
Fidelity’s charity arm, Fidelity Charitable, said late last month that it has received more than $100 million in cryptocurrency donations since 2015. In total, more than $106 million worth of cryptocurrencies has been granted to Fidelity Charitable since it first began accepting this form of donation, according to the firm’s annual report published late last...Read More
The second-largest state in India, Maharashtra, is ramping up its plans to apply blockchain tech across various spheres of administration. The government of the Indian state of Maharashtra is preparing a regulatory sandbox for testing blockchain solutions across various applications. According to a report by Indian English-language news daily DNA India on Aug. 19, the...Read More
Experts in the cryptocurrency and blockchain industries take on concerns about users’ privacy violations connected with the popular FaceApp mobile application. FaceApp — the mobile application that has blown up your Instagram feed with pictures of your followers as old people, the opposite gender or babies — has raised a lot of concerns about potential...Read More
Silvergate Bank’s Silvergate Capital Corporation is examining the possibility of offering cryptocurrency loans. The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans. In an S1/A form filed with the United States Securities and Exchange Commission on Aug. 15 the bank notes: “We believe there may...Read More
Most top performers of the past seven days are consolidating in a range. At what levels do they become an attractive buy? Let’s look at the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk,...Read More
A delegation of the United States House of Representatives will visit Switzerland on cryptocurrency concerns, with Facebook’s stablecoin Libra being in the focus. A delegation of the United States House of Representatives will visit Switzerland on cryptocurrency concerns, with Facebook’s not-yet-released stablecoin Libra being in the focus. As local weekly news outlet NZZ am Sonntag...Read More
Ethereum saw a notable increase of 5% today taking its price to $194.71. The week was, however, and the price declined by 8.41%. The good news is that Ethereum has rebounded at a long term support trend line and looks like it will hold moving forward. This latest rebound is supported by the increase in...Read More
Over $240 million in suspected proceeds from crypto exit scheme PlusToken have moved in four Bitcoin transactions. Over $240 million in proceeds from the alleged crypto scheme PlusToken have reportedly moved through four Bitcoin (BTC) transactions. Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — posted on Aug. 17 that four...Read More
China’s Shenzhen Special Economic Zone will now support the research and promotion of digital funds and the national cryptocurrency based on the renminbi. On Aug. 18, the Central Committee of the Communist Party of China outlined the plans for the future development of the Shenzhen Special Economic Zone, including the research and promotion of digital...Read More
Hong Kong and Argentina pay through the nose for Bitcoin, Binance could be back in the U.S. within months and Barclays cuts ties with Coinbase in the U.K. 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,...Read More
Global investor sentiment toward the crypto industry seems to have shifted in recent years. Here’s how the regulations surrounding this space look in 2019… As the global investor community starts to become increasingly aware of what crypto has to offer, it appears as though this burgeoning asset class is becoming more and more accepted. This...Read More
A well-known press release distribution service has published a bit which says that Satoshi Nakamoto, Bitcoin’s creator, will reveal his identity, as well as other important aspects of his life and career today, August 18th. It appears the release has been submitted by a digital marketing agency and, by the looks of it, it’s nothing...Read More
Litecoin founder Charlie Lee acknowledged that he is one of the investors in Bitcoin personal key security firm Casa, congratulated it for a new high profile hire. On Aug. 16, Litecoin (LTC) founder Charlie Lee disclosed in a tweet that he is “an investor in Casa,” a Bitcoin (BTC) personal key security firm. He also...Read More
A look at green policy and crypto energy consumption in Japan. Society is now witnessing the implementation of digital currencies, artificial intelligence (AI) and blockchain technology worldwide. These new digital technologies necessitate very high consumption of electric energy, which is currently produced with coal and fossil fuels that have adverse environmental effects. A global shift...Read More
Blockchain project NEO is considering integrating Celer Networks layer-two scaling protocol to improve scalability. Blockchain project NEO is considering integrating Celer Network’s (CELR) layer-two scaling protocol to improve scalability. Faster transactions, more possibilities As industry-focused news outlet Crypto Briefing reported on Aug. 17, John Wang, NEO’s director of Eco Growth, said that integration with Celer...Read More
The upcoming implementation of the California Consumer Privacy Act of 2018 has grave implications for businesses utilizing blockchain technology… The California Consumer Privacy Act of 2018 (CCPA), which goes into effect on Jan. 1, 2020, has signaled a new push in the United States to strengthen and broaden privacy regulations, similar to the trends seen...Read More
