Fundstrat Global Advisors’ Bitcoin (BTC) analyst Tom Lee said that he is “pleasantly surprised” by the recent stability of BTC in an interview on CNBC’s Squawk Box Oct. 29. Lee expressed surprise at Bitcoin’s recent behavior given a recent 9 percent slump in equity markets. Lee said he expected that “Bitcoin volatility should be much higher” based on “how small Bitcoin is in terms of market cap.” When asked whether the current period of stability is “a good point to Read more …
Twitter Facebook Coinbase, the largest fiat-to-crypto exchange in the global market, is set to bring in over $1.3 billion in yearly revenue by the end of 2018. Binance, the go-to crypto exchange for digital asset traders, recorded a profit of $200 million in January, nearing that of Germany’s biggest financial institution Deutsche Bank. Upbit and Bithumb, two of the largest exchanges in South Korea, have reportedly been recording a monthly revenue of $100 million in early 2018 mainly from transaction Read more …
South Korean intelligence officials are pointing toward North Korea as being the responsible party behind a string of cryptojacking cases across the country. North Korea Continues to Mine for Crypto on South Korean Computers According to a new intelligence gathering report, prompted by an upcoming visit to North Korea’s nuclear test site by international inspectors, a government-mandated audit conducted by South Korea’s National Intelligence Service (NIS) has revealed that North Korean hackers are continuing to mine for cryptocurrencies using hacked Read more …
The Arbitration Center at Russian Union of Industrialists and Entrepreneurs (RSPP) has announced the creation of a board for disputes on issues pertaining the “digital economy,” including crypto-related cases, Kommersant reported Wednesday, Oct. 31. The chamber will reportedly be created to hear cases related to blockchain technology, smart contracts and Initial Coin Offerings (ICO). As per experts cited by the newspaper, the number of such cases will increase up to 40 times from 2020-2025. Elina Sidorenko — who heads a Read more …
Twitter Facebook MetaMask, the most popular Ethereum and ERC20 token standard wallet developed by ConsenSys, has released its mobile client at DevCon. At DevCon, a major Ethereum-focused conference held in Prague, Czech Republic hosted by large conglomerates and leading cryptocurrency businesses including EY, Microsoft, ShapeShift, Santander, Blockfolio, and Wanxiang, the MetaMask development team officially released and showcased the MetaMask mobile wallet. Joseph Lubin, the founder and CEO of New York-based ConsenSys, the largest blockchain software firm in the world with Read more …
Janet Yellen, former Chair of the Federal Reserve, shared her dislike of Bitcoin in a five-minute speech at CFA Montreal. The ex-central banker mentioned its little transactional volume, connection to terrorist activities as well as money laundering, and inefficiencies for the purpose of processing payments. Janet Yellen Forgets USD, Tells Financial Analysts Bitcoin is Connected to Terrorism and Money Laundering A video shared by Francis Pouliot on Twitter showed former Fed Chair Yellen ranting against Bitcoin to a number of Read more …
News A Brazilian court has ordered the reopening of cryptocurrency exchange Bitcoin Max’s bank accounts, which were closed without explanation by Banco do Brasil and Banco Santander in September. The two banks have reportedly reactivated the accounts to avoid paying fines. Also Read: Kenya’s Bithub Africa Mines Bitcoin Using Solar Power Threat of Fine Forces Banco Do Brasil and Banco Santander to Reactivate Exchange’s Accounts According to local news site Portal do Bitcoin, Brazil’s Federal District Court promised to slap Santander with Read more …