Month: July 2018

Major crypto exchange Binance has made its first public acquisition, having bought Trust Wallet, according to an announcement July 31. Launched in 2017, U.S.-based Trust Wallet is an open source, anonymous, and decentralized wallet that supports Ethereum (ETH) and over 20,000 different Ethereum-based tokens (ERC20, ERC223, and ERC721). While the details of the deal are not disclosed, Binance told TechCrunch that it paid in a mixture of fiat money, Binance stocks, and its own BNB token. Trust Wallet will remain Read more …

The annual Swell by Ripple conference invites global leaders from the policy, payments, and technology fields to come together and discuss how blockchain can be used to benefit society at large. According to a tweet from Ripple, former U.S. President Bill Clinton is set to keynote this year’s edition. Ripple noted in a news release that President Clinton “helped usher in a period of extreme growth and adoption of the Internet” and established programs that brought new technology to communities Read more …

News Paul Krugman, the famed economist who’s made a career out of being wrong about things, is wrong again. That in itself is no more surprising than the fact that his latest op-ed takes aim at his favorite bête noire – bitcoin. The surprising part is that Krugman has resorted to the same hackneyed arguments he always uses to attack cryptocurrency. It’s an odd decision from such a learned scholar when there are far more lethal lines of attack for Read more …

Yet another firm from traditional markets has stepped into the cryptocurrency boxing ring, with Northern Trust recently diving down the metaphorical rabbit hole that is blockchain. Legacy Markets Firm to Make a Foray into Blockchain and Crypto As per an exclusive Forbes article, Pete Chercewich, the President of Northern Trust’s corporate and institutional services division, has revealed that the financial giant has begun to operate in the blockchain industry. Since the start of 2018, Northern Trust, which manages over $10 Read more …

Northern Trust Corp., a leading global asset management firm with $954 billion in total assets under management, is planning to start a custody service for digital assets, Bloomberg reported July 31. The company’s head of corporate and institutional business Pete Cherecwich told Bloomberg that the company has started developing a strategy to secure custody-held digital assets such as cryptocurrencies. He said the firm aims to offer a product similar to existing custodial services while charging lower fees: “The fees right Read more …

Cryptocurrency exchange and brokerage giant Coinbase has poached a BNY Mellon veteran to head the firm’s global compliance efforts as it seeks to ramp up its international operations and expand the range of assets supported on its platforms. The San Francisco-based Coinbase on Tuesday announced that it had appointed Jeff Horowitz as its chief compliance officer. Prior to joining Coinbase, Horowitz spent 12 years at Pershing — a BNY Mellon subsidiary that specializes in clearing, custody, and settlement — most Read more …

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to george@cointelegraph.com. The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com Tokenization Read more …

News Today is the one-year anniversary of the ‘Bitcoin Independence Day’ that took place on August 1 2017. Since that day the Bitcoin Cash (BCH) network and community have had a very productive year as the decentralized cryptocurrency has celebrated a ton of milestones including successful network upgrades, massive merchant adoption, and a wide variety of applications built using the BCH chain. Also Read: Interest in Philippines Economic Zone Crypto License Spikes – 17 Firms Paid in Full August 1 2017, Read more …

Bitcoin’s 26 percent rally left many a cryptocurrency in the dust over the course of July. Indeed, the bitcoin dominance rate, a widely used indicator that tracks the percentage of the total crypto market cap contributed by bitcoin, rose to 48 percent, up from 42 percent, to record a 7-month high over the 31-day period, a function of money shifting from alternative cryptocurrencies into bitcoin. That said, not every alternative cryptocurrency saw gains. Ether, the cryptocurrency that powers the ethereum Read more …

A survey conducted by crypto-friendly payment company Mistertango has found that almost 9 out of 10 digital currency exchange platforms want to see the industry regulated. However, there are also some fears that said regulation could stifle crypto innovation. Cryptocurrency Companies Crave the Stability that Regulation can Create The survey conducted by Mistertango targeted 24 different cryptocurrency exchanges from around the world. These included platforms based in Europe, Asia, South America, and Australia. Each of the participants has a trading Read more …