Customers of Pittsburgh, Pennsylvania based bank holding company and financial services corporation PNC are having a tough time. But why? It has become exceedingly difficult to connect bank accounts to popular payments app Venmo. PNC Bank and Venmo are at War With Each Other As reported by the Wall Street Journal, a few hours ago,...Read More
According to regional reports, the Russian darknet market Hydra is planning an initial coin offering (ICO) in order to expand the marketplace internationally. The sale is set to start on December 16 and Hydra administrators hope to raise $146 million from the token sale. Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s RBI-Backed...Read More
On the most recent episode of The Scoop Live podcast, The Block’s Frank Chaparro spoke to president of Fidelity Digital Assets, Tom Jessop, a man hailed by CoinDesk as the man who could, “”bridge the gap between Wall Street and Crypto.” During the interview, Jessop spoke about how custody is a base requirement on the...Read More
Trace Mayer, a YouTuber, and host of Bitcoin Knowledge podcast spoke with Peter McCormack on What Bitcoin Did and addressed the upcoming Proof-of-Keys [PoK] and other important aspects related to Bitcoin and the ecosystem. Mayer, the person behind the Proof-of-Keys movement, spoke about the last event and how it helped spread awareness and take back...Read More
On ‘The Scoop Live’ podcast, Frank Chaparro recently spoke to Fidelity Digital Assets’ president, Tom Jessop, to talk about custodial services in the current market, and institutional entrants into the Bitcoin space, support for Ethereum, and the application of blockchain technology in the tokenization of traditional assets. According to Jessop, Fidelity is currently routing more...Read More
Key Takeaways Multiple outcomes indicate a converging bearish case for Bitcoin in the coming week. The 4-hour chart shows a dip below the $7,000 region and a retest of November 25 low, $6,515. Further bearish momentum could slide Bitcoin to $6,200, and possibly to $5,920. As Bitcoin’s price lugs in the $7,000 region for the...Read More
The number of billionaires holding Bitcoin continues to grow. The latest magnate to go public with his BTC purchase is the philanthropist Bill Pulte, who now wants to promote the benchmark crypto’s adoption. Billionaire Bill Pulte: “Cryptocurrency can help the world’s poorest.” Bill Pulte is the head of Pulte Capital Partners, one of the directors...Read More
The Bank of International Settlements, an international body owned by 60 worldwide central banks, published a discussion paper on treatment of crypto assets. The committee is requesting the opinion of all industry participants to develop a “prudential” treatment policy. The announcement comes after the bank’s Committee on Banking Supervision identified the growth of crypto assets...Read More
There are few images as gripping as that of Kolin Burges holding up the placard reading “Mt. Gox, Where Is Our Money,” in the midst of the collapse of the largest Bitcoin exchange in the world. This image of the beanie-headed Londoner on the streets of Tokyo defined the state of cryptocurrency exchanges for much...Read More
Bitcoin has had its share of unnerving time periods – but over the last decade, it has been one of the best investable assets. Appearing as a “black swan”, BTC reached extraordinary valuations. Bitcoin Became a ‘Wild Card’ for Personal Finance Acquiring $1 worth of BTC in 2010 would translate into more than $90,000 today,...Read More
Two years ago, as Bitcoin inched closed to the $20,000 valuation, several altcoins joined the rally. None more so than XRP, the premier payments-centric cryptocurrency enjoyed a massive high in late-2017, and relatively held back its losses in the crypto-winter of 2018. In 2019, the markets have not been too kind to this digital currency....Read More
The founder of now-defunct crypto exchange Quadrigacx may still be alive, even though he supposedly died in India about a year ago. A court-appointed law firm is seeking an answer on behalf of affected users. The firm has requested an exhumation and post-mortem autopsy in Canada of the body of Gerald Cotten, as some 76,000...Read More
Large funds are constrained by rules about profitability and portfolio balancing – hence they may be forced to shed assets like bitcoin that have the potential to return magnanimous gains. Diversification and Profitability Constraints Make Fund Managers Sell So far, stock selection rules and the fact that fund managers need to show profitability in their...Read More
According to a recent statement by Vitalik Buterin, he managed to convince the Ethereum Foundation to sell 70,000 ETH at the height of 2017’s parabolic run, resulting in a $100 million liquidity. ETH is still the second-largest cryptocurrency by market cap. However, its price today is nowhere near what it used to be two years...Read More
Monero Compliance Workgroup published a statement suggesting that “The Funds Travel Rule” does not apply to XMR itself. Such a scenario limits scrutiny of Monero and preserves its privacy-enabling properties. Monero published its stance on regulations that require money services businesses (MSB) to trace user identities. The U.S. Financial Crimes and Enforcement Network (FinCEN) published...Read More
Bottle Pay, a social media tipping site based on Bitcoin, announced the company’s shutdown on December 13 due to new EU guidelines. Launched in June 2019, the company shut down barely three months after it secured a $2 million seed funding round. In an official tweet, Bottle Pay says, To maintain our integrity as service...Read More
It seems that not a day goes by without another central bank jumping on the crypto train. Yesterday it was South Korea, today it is Sweden as plans to roll out the crypto krona gather pace. e-Krona Pilot Partnership Sweden’s central bank is poised to sign a deal with multinational professional services company Accenture to...Read More
Remember Gerald Cotten? The CEO of Quadriga, Canada’s largest cryptocurrency exchange, who died last year with sole knowledge of the exchange’s $130 million cryptocurrencies, and turned out that he spent it on yachts, private jets and gold coins. Yes, that guy. His bankrupt-customers want to dig up his deceased body. According to a letter, dated...Read More
Cryptocurrency is all over the place now and the Nordic countries are definitely not an exception to it. Norway, Sweden, Finland, and Denmark are now considered to be countries with the best standards of living. However, they can also offer a lot in terms of cryptocurrencies and blockchain technologies. That is a no-surprise anymore that...Read More
Lightning Network [LN], the micropayment protocol that was essentially created to enable instant, low-cost Bitcoin transactions, is all set to make multi-path payments interoperable. According to a recent Decrypt report, sending larger payments across the LN will be possible in the near term. Samson Mow, Chief Strategy Officer at Blockstream, told the media outlet, “Multi-path...Read More
The VeChain Foundation was hacked for 1.1 billion VET tokens worth $6.5 million. Internal misconduct is likely the cause. Today, at 12:27 a.m. GMT, VeChain’s buyback address was compromised. The security breach was likely caused by misconduct from inside the foundation’s finance team, stated the report. Information from the foundation purports that the wallet was...Read More
Recently, Falcon Private Bank published the latest edition of the Falcon Crypto Monthly report, a publication that addressed Bitcoin and altcoin market movements over the last month and derived insights through technical analysis of the data. According to the report, the cryptocurrency market failed to consolidate above important support levels in November, trading just below...Read More
Despite a controversial back and forth with Bitfinex and the New York Attorney General’s Office, Tether has managed to remain popular and dominate the digital asset market in 2019. The demand for Tether was also highlighted by OKEx recently launching Tether-Futures Margin Trading on its platform on 5 November. The world’s largest stablecoin with a...Read More
The VeChain (VET) buyback program, which boosted the token price, was shaken by a recently discovered loss from the central wallet. The most probable cause was an insider gaining access to the wallet’s private keys, or a human error leading to an exploit. Insider Procedure Flaws Led to Theft VeChain reported 1 million coins lost...Read More
On Dec. 11 Zcash activated the Blossom network upgrade. Announced last year, the upgrade halved the block time to 75 seconds to increase throughput. Markets responded positively, but can that last? The Blossom upgrade is a fairly simple change that doubles the throughput of the Zcash blockchain. Blocks are produced twice as fast while maintaining...Read More
Bitcoin and XRP were the world’s largest virtual assets going into 2019. However, while Bitcoin continues to dominate the market over the year, Ethereum did manage to overtake XRP on the cryptocurrency charts. Over the course of the last twelve months, Bitcoin and Ethereum have recorded a period of prolific performance, with the two crypto-assets...Read More
The Lisk (LSK) project, one of the most high-profile ICOs from 2016, came upon hard times. Despite the relatively solid backing, LISK ended up having troubles keeping all of its staff. Loses Team to Layoffs, Developers Leaving Lisk’s team was one of the most significant features of the project, and the startup held offices in...Read More
Another chart of Bitcoin (BTC) price movements shows that in hindsight, periods of appreciation coincide with active, concerted minting of Tether (USDT). Bitcoin Cycles Coincided with USDT Printer In hindsight, Bitcoin price moves upward coincided with the printing of Tether (USDT). The correlation was especially flagrant in 2017, when the supply of USDT expanded in...Read More
San Francisco-based blockchain firm, Ripple, expanded its services to the Philippines with its strategic partnership with SendFriend at the beginning of this year. The money transfer company leverages the digital asset XRP and builds on top of the Interledger Protocol [ILP] to move funds internationally, on-demand. Now, it would seem that SendFriend is claiming to...Read More
The Basel Committee on Banking Supervision (BCBS) published on Thursday a discussion paper on the treatment of crypto and digital assets. Central Banks Expected to Share their View on Crypto The BCBS, an international body that has central banks as stakeholders, wants a global standard to approach cryptocurrencies and blockchain-based assets. The committee published a...Read More
