News

Ethereum co-founder Vitalik Buterin put forward a series of open questions to the cryptocurrency community in a recent discussion with Mars Finance International WeChat group, postulating seven issues present within the blockchain ecosystem. Buterin’s “hard questions for any blockchain people” deal with some of the biggest obstacles that stand between the current state of blockchain […]

In 2014, Mt.Gox declared bankruptcy after losing over 744,000 Bitcoin in a large-scale hack. Released August 1, 2018, Mt.Gox creditors revised their proposal to claim Bitcoin repayments and expedited compensation procedures. Creditors to Be Paid in BTC and BCH Mt.Gox creditors released a revised basic policy for their Bitcoin (BTC) repayments following the Tokyo District […]

Hedera Hashgraph, a company using an improved blockchain version that claims to be faster, securer, and more scalable than existing blockchain networks raised $100 million in a private, funding round. The fundraiser resulted in the company’s astronomical valuation. Hashgraph’s Blockchain Push As reported by VentureBeat on August 1, 2018, the Dallas-based Hashgraph raised funds via […]

According to a press release on August 3, 2018, Intercontinental Exchange (ICE), the New York Stock Exchange (NYSE) parent organization and 22 other bourses (stock market in a non-English-speaking country), announced plans to launch a regulated marketplace for digital assets. Bakkt Brings the World to Cryptocurrencies As stated, ICE will use Microsoft cloud services to facilitate […]

Since inception, many industries have adopted cryptocurrency because of its versatile functionality and exposure to global investment. Announced August 2, 2018, cannabis media giant High Times will become the first ever IPO to accept investments in cryptocurrency. Cryptocurrency Enters Public Markets High Times Holding Corp. will become the first initial public offering (IPO) on Nasdaq […]

OKEx, the second biggest crypto exchange by daily trading volume, officially announced the decision to engage in a forced liquidation to settle a massive long contract. On July 31, 2018, a user with the ID 2051247, the largest individual holder of Bitcoin and Ethereum on the platform, entered a long position worth $460 million. However, […]

Initially revealed on August 2, 2018, several Venezuelan Coinbase users abruptly lost the ability to withdraw or send cryptocurrency, prompting speculation that the exchange may have its hands tied by US-Venezuela sanctions. Purportedly, Venezuela-based Coinbase users are still able to buy or sell cryptocurrency on the platform but may run into trouble when attempting to […]

BitFi, John McAfee’s purportedly unhackable wallet, was heavily criticized by Trezor CTO Pavol Rusnak, after it threatened to challenge the solutions invented by the Czech Republic-based company with its patents. Since the launch of Bitcoin in 2009, the basis of blockchain development has always been the global open-source community of developers. Most blockchain protocols like […]

Global investment firms and cryptocurrency exchanges are rushing to develop new digital asset markets in preparation for impending regulations. Announced on July 31, 2018, SBI Holdings invested $9 million in Clear Markets to create a cryptocurrency derivatives trading platform. SBI Crypto Investment Makes First Move Japanese financial services powerhouse SBI Holdings invested 1 billion yen […]

Despite a market downturn, cryptocurrency is driving business across several industries worldwide. In Q2 2018, Square Cash app reported a 100% increase in profit from its Bitcoin trading transactions over the last quarter. BTC Fuels New Revenue Square’s peer-to-peer mobile payment platform, Square Cash reported $37 million in BTC trading revenue in its second-quarter financial […]