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Since mid-2017, the art market, worth more than $60 billion, has seen an increase in Bitcoin as an alternative payment method to wire transfers. Despite the correction of the crypto market, the adoption of Bitcoin as the preferred currency for large transactions has significantly increased. Art Galleries are Starting to Accept Bitcoin In an interview […]

A growing number of Wall Street firms are changing sentiment and shifting toward the opportunities of an emerging digital economy. On Aug. 6, Goldman Sachs CEO, Lloyd Blankfein, shared his thoughts on cryptocurrency during an interview with the Economic Club of New York. Cryptocurrency Could Be the Next Evolution in Cash Blankfein appeared at the Economic […]

An inordinate number of Millennials are looking to line their pockets, or rather their investment portfolios, with cryptocurrencies, according to a recent study conducted by blockchain technology investment firm, Sustany Capital. Cryptocurrency as a Long-Term Investment The study, which surveyed 1,000 American adults, found that 88 percent of Millennials want to diversify their investment options […]

Earlier this year, Goldman Sachs confirmed plans to launch a Bitcoin futures trading desk to meet rising client demand. On Aug. 6, the leading investment bank announced that it is considering offering custodial services for cryptocurrency funds. Goldman Sachs Embraces New Asset Class Goldman Sachs is exploring a custody offering for cryptocurrency funds, reports Bloomberg. The custodial […]

In mid-June 2018 Bithumb was hacked for $31 million worth of cryptocurrency and subsequently halted all withdrawal and deposit services. On Aug. 4, however, Bithumb resumed the services for 10 specific cryptocurrencies. Recovery from Large-scale Hack South Korean cryptocurrency exchange Bithumb announced on Twitter that deposit and withdrawal services will resume at 11 a.m. KST on […]

Crypto risk management and inheritance platform Digipulse announced the total burn of all DGPT tokens at the end of 2018, citing speculation-driven fluctuation in token price as the key driver behind the complete elimination of the Digipulse token model. Only one year following the successful conclusion of an initial coin offering (ICO), the Digipulse platform, […]

Cryptocurrency values have taken a bearish turn this week as negative market sentiment suppresses a minor late-July rally, with most major alts taking a hit as confidence in Bitcoin wavers. Positive news from crypto trading giant Coinbase, however, has provided both Ethereum Classic and Basic Attention Token with immunity from bearish market action.

Bitcoin’s market share catapults back to almost 50 percent, returning to levels not seen since the December 2017 bull-run that resulted in an all-time high BTC value of nearly $20,000. The return of Bitcoin’s market share dominance coincides with an unsurpassed level of hashing power directed at the Bitcoin network, with total hashpower exceeding 50 […]

Continuing its decisive development spree for the optimal growth of the cryptocurrency sector, the Bank of Thailand (BoT) passed a resolution to allow local banks to set-up cryptocurrency-focused subsidiaries for dealing with related businesses. Thailand’s Cryptocurrency Push As reported by local news outlet Blognone on August 3, Thailand’s locally incorporated banks can now provide cryptocurrency […]

After a police raid over allegations of fraud and insolvency, UpBit, South Korea’s leading cryptocurrency exchange demonstrated full financial competence after a final audit report. Dunamoo, UpBit’s parent company, cited a report proving the exchange has ample assets to match its balance sheets. In fact, UpBit currently operates with a 27% surplus of funds, according to the […]