News

IBM with CLS – a foreign exchange settlement provider handling $5 trillion a day, launched a trial with a number of leading financial institutions to test their ‘LedgerConnect’ platform for blockchain-based applications. Announcing the collaboration on its website, IBM unveiled the pair’s new blockchain ‘app store’ — a “managed” platform aiming to make it easier […]

Several cryptocurrency investors and analysts believe the first Bitcoin exchange-traded fund (ETF) will not hit the US markets until 2019, regardless of the involvement of VanEck and Cboe. Why is 2018 Unlikely? Last week, the US Securities and Exchange Commission (SEC) officially rejected the Bitcoin ETF proposal of the Winklevoss twins, who operate Gemini, a […]

The Chamber of Digital Commerce (CDC), an American advocacy group released a collaborative research effort on July 30, 2018, containing several proposed guidelines to ensure a “responsible growth” of the burgeoning cryptocurrency industry. CDC’s Digital Token Push As published in an official press release, the report titled “Understanding Digital Tokens: Market Overviews & Guidelines for […]

An early Bitcoin bull and former Wall Street trader, Mike Novogratz is bringing cryptocurrency to institutional investors. Following a crypto bear market, Novogratz’s merchant bank Galaxy Digital LP listed on Canadian stock exchanges today, August 1, 2018. Galaxy Digital Makes Its Debut Following Q1 Loss Novogratz cryptocurrency-focused merchant bank Galaxy Digital LP will be available […]

Cryptocurrency trading platform Bittrex announced the start of the second phase of USD trading support, making USD trading, deposits, and withdrawals available to customers outside of the US and in selected US states. The launch of fiat trading for international traders and Bittrex customers in California, New York, Montana, and Washington state will allow qualified […]

Cryptocurrency is rapidly gaining traction as a global medium of payment. On July 29, 2018, Gibraltar United football team announced that it will pay its players in cryptocurrency next season. First Football Team to Pay in Crypto Gibraltar United made the industry-forward decision to become the world’s first football club to pay its players in […]

Ethereum founder Vitalik Buterin is undoubtedly an industry leader and blockchain pioneer. Following a multi-month downtrend, Buterin took to Twitter to share his outlook on the current cryptocurrency market conditions. Buterin: ‘We’re at the Tail End of a Crypto Bubble’ Since its peak in December 2017, the recent cryptocurrency bear market has taken retail investor […]

Northern Trust, the 486th largest corporation in the USA, has become the latest financial giant to expand operations into cryptocurrency and blockchain. As reported by Forbes, the 129-year-old institution now provides fund administration to a select group of hedge funds trading Bitcoin and Ethereum and incorporates blockchain-based software for managing private equity workflow. Chicago-based Northern […]

Leaked financial data has allegedly revealed that cryptocurrency mining juggernaut Bitmain captured a monolithic $1.2 billion USD in profit for the first quarter of 2018, as well as hinting toward details of the upcoming Bitmain IPO. Announced by Fortune’s Term Sheet, the data — purportedly obtained via an email delivered to the media outlet by […]

A 17-ton, cross-border container of almonds was successfully transported from Australia to Germany utilizing the Ethereum blockchain, in a collaborative move between Commonwealth Bank of Australia (CBA) and five logistics organizations. Augmenting Shipping Systems The development represented one of the first instances of a state-backed shipment facilitating using blockchain technology. Apart from the growing technology, […]