News

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 […]

Despite extensive media attention about Starbucks’ impending entry in the cryptocurrency retail sector, the coffee giant formally explains such reports in a statement to the tech publication Motherboard. Sensationalized Media Reports On August 3, 2018, Starbucks denied it would soon accept bitcoin and other cryptocurrencies as payment methods for its range of coffee and food […]

Ethereum Classic has firmly entrenched itself as one of the biggest gainers for the last week of July 2018, rising 14% subsequent to Coinbase’s confirmation that ETC support is expected to roll out in the next few days. ETC prices have risen steadily since the announcement, pushing against a bearish Bitcoin value held down by […]

London-based mining operation Argo is the first cryptocurrency firm to successfully launch an IPO on the London Stock Exchange, capturing £25 million (USD $32.5 million) in investor capital. The August 3, 2018 launch of the public offering provides retail investors with the opportunity to purchase ordinary shares in the mining organization, which operates a mining facility […]