Noah Kerner, the CEO of Acorns, anticipates converting niche savings app into bank option utilized by about 100 million users, while celebrities are opting for Acorns to invest in. Jennifer Lopez and Alex Rodriguez, former baseball player, are the latest dual celebrities to invest in the fintech firm Acorns Grow Inc, according to the Wall...Read More
Tezos [XTZ], the seventeenth-largest coin by market cap, has witnessed rapid growth from the time of its launch. Recently, Tezos surpassed DASH and stood in the fifteenth position briefly, before falling again. The price of the coin, at press time, was falling by 3.48% over the last 24 hours. At the time of writing, the...Read More
iFinex, the company behind Bitfinex, is under more pressure after the New York State Supreme Court judged that the exchange was in the New York Attorney-General’s (NYAG) Office’s jurisdiction. But that isn’t getting in the way of business: yesterday, Bitfinex completed its burn of nearly 40,000 LEO tokens (US$53,600), as part of a continuous process...Read More
The cryptocurrency industry continued to mature while eliminating FOMOs and FUDs at all stages. With the FOMO-fuelled spectacular but short-lived crypto rallies and FUDs-led dumps, the industry has begun to show signs of maturity. The market started off on a slow note in 2019 after the infamous Bitcoin crash the previous year. The market, however,...Read More
Trading is muted in crypto markets, especially with respect to Bitcoin. After measurable gain early on Monday, BTC mostly stayed around its new $10,500-10,700 level. The rest of the market is seeing considerable pullbacks, with almost all major coins posting losses. Cryptocurrency price dynamics on August 20. Source: Coin360 The most notable Bitcoin news on...Read More
South Korea’s Prixbit cryptocurrency exchange has officially closed down. In a website post dated Aug. 9 and entitled ‘Prixbitend,’ the exchange declared it would cease operations. The move was subsequently reported by local press. “Due to negative internal and external influences, management difficulties could not be overcome and normal operation became impossible,” the founder wrote. The exchange said...Read More
Smart contracts could soon get a boost in bitcoin as prominent programmer Pieter Wuille has unveiled a new coding language designed specifically for their use. Posted to the bitcoin developer mailing list Monday, the ‘Miniscript’ language aims to make it easier for programmers to write up “smart contracts” or conditions for spending bitcoins. Programmers Wuille, Andrew...Read More
Ten crypto projects announced Tuesday they had joined the Messari Disclosures Registry, including four top-100 projects by market cap: Cardano, Lisk, V Systems and Beam. The new batch of crypto assets brings the total number of projects listed on the registry to 53. It launched with 12 projects in November 2018. “The ability to find basic...Read More
The Veritaseum blockchain platform and its founder Reggie Middleton have filed a response to the U.S. Securities and Exchange Commission (SEC) over the regulator’s claim that its ICO was fraudulent and illegal, and that Middleton had later manipulated the VERI token’s value. As a result, the SEC managed to get a New York court last week to temporarily...Read More
Wall Street’s self-regulatory organization (SRO) has green-lit a new blockchain-powered securities trading platform. The Financial Industry Regulatory Authority (FINRA) has approved the membership application of IOI Capital and Markets, which plans to act as a placement agent for privately placed, digital securities on a permissioned Hyperledger Fabric blockchain. Co-founders Rashad Kurbanov and Hamid Gayibov have been...Read More
Deloitte, one of the “Big Four” professional services firms, has officially launched a plug-and-play product aimed to help enterprises showcase their blockchain solutions to clients. The firm’s new “Blockchain in a Box” (BIAB) is designed as a mobile unit packed with four built-in nodes and several monitors that can be linked to external services such...Read More
When Bitcoin’s most controversial Twitter account suddenly had an identity crisis, the conspiracy theories began to come out of the woodwork. | Source: Shutterstock By CCN Markets: Bitcoin maximalists feuding with altcoiners is not headline-worthy material. However, when a Twitter handle that boasts 1 million followers and previously pumped Bitcoin Cash suddenly deletes old anti-Bitcoin...Read More
While government organizations are yet to choose sides for drafting crypto-related regulations, crypto-exchanges (that predominantly serve as the front door to crypto-adoption) must keep up with changing requirements, or risk shifting to different geographies. On a similar note, Veronica McGregor, ShapeShift’s Chief Legal Officer, spoke about the ongoing regulatory chaos and how the Switzerland-based crypto-exchange...Read More
We now know the reason why China’s central bank is rushing to issue its “cryptocurrency” as quickly as possible: Facebook’s Libra. | Source: Shutterstock By CCN Markets: We now know the reason why China’s central bank appears to be rushing to issue its “cryptocurrency” as quickly as possible. Beijing, reports suggest, is worried that Facebook’s...Read More
As many as 70,000 people could be facing financial ruin as a massive crackdown sweeps across Ghana’s banking system. It serves as yet another stark warning that governments and banks are in full control of people’s money. Only decentralized assets such as bitcoin would be immune from such monetary madness. State ‘Cleanup’ Wipes Out Billions...Read More
Tyler and Cameron Winklevoss, the co-founders of crypto exchange Gemini, admitted in an interview with CNN that they were ready to partner with Facebook for the Libra project. Tyler and Cameron Winklevoss Believe in Libra On August 19, Winklevoss brothers told CNN’s Poppy Harlow that they would close their eyes to their rivalry with Facebook’s...Read More
Apple now plans to dive into the showbiz world by launching its Apple TV+ movie and TV subscription service by November to compete with Amazon, Netflix, Disney, and AT&T-owned HBO. In March 2019, Apple said that it plans to introduce a streaming service dubbed Apple TV+. However, no details were revealed in that announcement. Now,...Read More
Ethereum naysayers were out in force as the week began after co-founder Vitalik Buterin warned that the network’s blockchain was “almost full.” Buterin: ETH ‘Already Expensive’ In an interview with Canadian mainstream news outlet The Star, Buterin, discussed the future of Ethereum, along with the problems cryptocurrency faces on the path to broader adoption. Using...Read More
India’s biggest lender is looking to ‘eliminate’ debit cards altogether in a possible effort to cut down on capital flight. | Source: Shutterstock By CCN Markets: India’s largest bank, the State Bank of India (SBI), has announced an initiative yesterday in which the state-owned financial institution seeks to eliminate debit cards to promote digital transactions....Read More
Founder and CEO of Ethereum Platform, Vitalik Buterin recently appeared on the Canadian publication The Star. During the interview, vitalik spoke on the future developments and events of Ethereum. Vitalik claimed that his team plans to reduce the crypto transaction costs by a factor of 100 by improving the scalability. He further stated that this...Read More
Travelport, a travel industry tech company, is teaming up with IBM and travel management company BCD Travel to streamline the hotel commission process with blockchain technology. Using a distributed ledger system, the partners aim to manage hotel bookings and commissions in a more efficient and unified process. It would enable simpler tracking and accounting for payments...Read More
Photo: IBM / Twitter In the travel industry, one of the major problems the travel supply chain must solve is hotel commission processing – usually a pretty expensive challenge for travel agencies and hotels that also influences the booking experience for travelers. Nowadays, with today’s endless options for booking accommodations, the agencies that support travelers...Read More
One of the few go-to financial service providers that are Bitcoin and Crypto friendly, Silvergate Bank, is looking to expand its services to include crypto-currency lending, according to an updated IPO filing. Loans for institutional Investors Silvergate Bank provides financial services to some of the industry’s top companies such as Coinbase, Bitstamp, and Xapo. According...Read More
The New York Supreme Court ruled that the matter between the state’s Attorney General and iFinex, the parent company of the exchange Bitfinex, may continue. The New York Supreme Court ordered the New York Office of the Attorney General (NYAG) to process with their investigation and prosecution of iFinex, the parent company of cryptocurrency exchange...Read More
Crypto sector has been waiting for the launch of Bitcoin futures trading platform Bakkt for a long time now. This should happen finally at September 23. Within 48 hours after the big reveal, Bitcoin surged by 10 percent. Owner of the New York Stock Exchange, International Exchange, will finally start offering futures contracts paid out...Read More
Photo: Cere Network Binance Labs, together with a row of other prominent financials, including Fenbushi Capital, Neo Global Capital, Arrington XRP, is investing $3.5 million in blockchain-focused Customer Relationship Management (CRM) startup, anticipating to unite enterprise giant names onto the Binance Chain and intensify enterprise blockchain acceptance. So far Cere Network, a former participant of...Read More
Bitcoin has been in a dilemma ever since it hit the $13,800 mark on June 26, with the price having collapsed by 30% since then. A new dilemma that has now engulfed Bitcoin is the rising wedge pattern and the direction of its breakout. Source: TradingView As seen in the chart above, the price of...Read More
During his recent interview, Vitalik Buterin stressed on key factors of scalability, account security and usability which will steer ahead of the mass adoption of digital currencies. The cryptocurrency community is closely watching all the developments taking place in the Ethereum ecosystem. Over the last year, Ethereum developers have been rigorously working on improving the...Read More
You couldn’t make it up… except of course, that someone did. Following the interesting first part of the latest self-proclaimed Satoshi Nakamoto ‘reveal’, part two gave us an actual name. Unfortunately it gave us little in the way of compelling evidence to convince us that this was the name of the man who created Bitcoin. It all came...Read More
The Cryptocurrency vs RBI case resumed the hearing today i.e on 20/8/2019 in Supreme Court, Court No. 5. According to a series of tweets by Crypto Kanoon, the counsel for IAMAI, Ashim Sood, started the session by explaining examples of various countries and states and how they went about regulating cryptocurrency. He also explained the...Read More
