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Popular payments provider Stripe made waves in 2015 after announcing the acceptance of Bitcoin for its merchant network. However, in April 2018, the company ceased Bitcoin operations providing no clear reasons at the time. Stripe COO Explains Move On July 18, 2018, Stripe COO Claire Jackson disclosed why the company’s short-lived relationship with the pioneer […]

Leading Bitcoin exchange BitMEX has recorded the largest volume candle in the history of cryptocurrency, with over $2 billion traded within four hours on July 17, 2018. The event was first marked in a tweet by Broccolex, a self-declared blockchain analyst: ⚠️@BitMEXdotcom painted the largest 4hr volume candle ever today ⚠️More than 2 billion dollars (2,000,000,000) […]

One of the most complex DApps to run on the Ethereum blockchain, Augur, is a decentralized prediction market enabling users to bet on almost anything. On July 18, 2018, Augur announced on Twitter that the first market on its platform confirmed $20K in payouts to users. World Cup Bets Pay Out $20K Three years after […]

With the impending legalization of cryptocurrency exchanges and businesses, South Korea continues to make way for blockchain development. A leader in the industry, South Korea is considering reducing taxes for blockchain startups to fuel ‘growth through innovation.’ Meeting on ‘Growth Through Innovation’ On July 13, 2018, the South Korean Ministry of Strategy and Finance met […]

The emergence of new regulations continues to fuel an influx of institutional capital in the cryptocurrency sector. In its H1 2018 report, Grayscale Investments revealed that the majority of cryptocurrency investments are coming from institutional investors. Rising Institutional Investor Interest Based in New York, Grayscale Investments is one of the largest digital currency investment firms […]

Cryptocurrency was all the buzz on Capitol Hill on Thursday. In two separate committee hearings, U.S. legislatures heard testimony on critical issues for the crypto-community.  The meetings held on July 18, 2018, discussed the efficacy of the decentralized economy, and lawmakers’ continual struggle to understand the shifting financial landscape and to implement policy accordingly. Both […]

Marc Lasry, co-founder, and CEO of Avenue Capital Group shared two interesting facts in a recent interview with CNBC. First, Lasry said that 1% of his net worth was invested in Bitcoin and second, he believes the world’s top digital currency could reach $40,000 one day. The billionaire investor revealed that although he first bought […]

In 2018, within a span of two months, the largest crypto exchanges in Japan and South Korea were hacked. A New York-based cyber security firm declared more breaches are yet to come. According to BLAKFX president Robert Statica, crypto exchanges are easier to hack than most online platforms, especially for experienced hackers. Statica explained that […]

According to Vitalik Buterin, Ethereum’s recent spam congestion transactions have racked up at least $15 million in gas fees. Facing record congestion in the form of soaring gas fees and pending transaction times, the Ethereum network has been recently stung with a gas price manipulation attack caused by thousands of spurious transactions. The attack’s orchestrators […]

Billions of dollars go into the sports betting market each year, and recent Supreme Court ruling will allow states to legalize it. Although sports betting is only a small section of the prediction market, it still relies on trust in a central party to run the exchange and handle the money. This may be a […]