News

A U.S. Department of Defense data center will be transformed into a cryptocurrency mining farm later this by the Chinese investment firm Wuhan General Group, which recently purchased the facility. Advancing the Mining Economy Based on successive rounds of negotiation, the mining rigs will begin arriving in October. Wuhan voiced the usual narrative of choosing […]

Cryptocurrency payment processor UTrust has entered a memorandum of understanding with the Ethereum Classic (ETC) development team in an effort to integrate the currency onto the platform. This is great news for supporters of ETC, as there will be an increased demand for the currency as a payment option. In addition to this news, Ethereum Classic […]

As Capitol Hill learns to parent the budding young toddler that is the cryptocurrency industry, some of the industry’s biggest hitters have joined hands to form The Blockchain Association—a lobbying group intending to curry “pro-innovation” favor with U.S. lawmakers. Materializing out of a blog post on Medium, The Blockchain Association has reportedly set up camp […]

The U.S. Securities and Exchange Commission is charging two crypto-related entities with registration failures, in what it considers a first for both enforcement actions. TokenLot Hit with Unregistered Broker-Dealers The first to be hit with charges is Michigan-based TokenLot, a self-described “ICO Superstore,” and its owners–Lenny Kugel and Eli Lewitt. According to the SEC, this […]

After a long period of silence and uncertainty, the U.S. government has stated that at least two initial coin offerings (ICOs) are not exempt from security laws. Howey vs SEC The ruling comes after ICO participants from Recoin and Diamond Reserve Club filed a federal case against the projects’ founder Maksim Zaslavskiy for misleading investors, who […]

The Bank of Korea has warned that significant price differences between South Korean exchanges and those abroad, or the “Kimchi Premium,” may emerge in the coming years. Kimchi May Strike Back According to local outlet No Cut News, South Korea’s central bank cautioned officials of another “Kimchi Premium”-like situation if regulations and crypto trading frameworks […]

Malaysia is using its MIGHT task force to explore how it can utilize blockchain technology to help increase transparency and sustainability within its three largest industries. The Malaysian government believes that blockchain technology will not only help boost its economy but that it will also help to streamline the Islamic finance sector. Mastura Ishak, program […]

The cryptocurrency bear market of 2018 has unsurprisingly affected crypto startups looking to raise funds via initial coin offerings (ICO), with two research papers noting a disappointing performance for the novel fundraising method this year. ETH Purge While token issuers raised over $8 billion in 2017 and eclipsed $3 billion in the first three months […]

On Sept. 11, Coindesk reported that Nasdaq, the world’s second-largest stock market, has been preparing crypto price analytics tools for institutional investors to facilitate increasing interest toward the market. Bill Dague, Nasdaq’s head of alternative data, said: “Given the abundance of interest, we are exploring cryptocurrency related datasets.” However, he cautiously added that the plans […]

The notion of a Bitcoin ETF may have become retail investors’ lifeline, fixing the spotlight firmly on every move of the ubiquitous financiers of Wall Street. Meanwhile, just north of the border, Canadians are witnessing the launch of the nation’s first Bitcoin fund, an ETF-style onramp for the country’s largest investors. A product of Canada’s […]