Category: Cryptocurrency News

South Korea’s largest venture capital (VC) firm, Korea Investment Partners (KIP), is investing in its first blockchain startup, TEMCO, according to an October 1 press release. KIP is known for its investments in high-ranking firms that include Naver — Korea’s largest search engine, as well as owner of the popular Japanese messaging app LINE — and Korean messaging giant Kakao, among others. Both LINE and Kakao have made multiple inroads into the crypto space, with the former launching its own Read more …

The Daily Cryptocurrency exchange Coinsquare has reached a partnership agreement with a major Canadian bank and we’ve covered the announcement in The Daily. Also in Canada, a large bitcoin farm may be cut off from the grid by a mayor concerned about electricity consumption, and elections in Québec are likely to change the game for mining companies. In China, a bitcoin billionaire turns back on the industry; the government crackdown may have played a role.   Also read: Fake Volume, Read more …

Angelina Kwan, former managing director and head of regulatory compliance for Hong Kong Exchange and Clearing, is taking on the position of COO of BitMEX, one of the largest cryptocurrency exchanges in the world, at a time when the challenges facing these exchanges are greater than ever. In an interview with Bitcoin Magazine, Kwan told us: “It is very exciting time for me to be joining the company. In the last three months, BitMEX broke the industry record for daily Read more …

On October 2, Ripple Labs announced the integration of RippleNet into OnePay FX, a mobile application for cross-border payments developed by $80 billion banking giant Banco Santander. The strategic partnership between Ripple Labs and Santander was announced in March of 2018, but at the time, the intricacies of the collaborative work between the two companies were not disclosed to the public. What Ripple x Santander Means For XRP Since March, the Ripple team explained in an official statement that Santander Read more …

1. Stanford Topping our list, Stanford continues to build on its reputation as a well-rounded leader in the field. Past interdisciplinary courses like “Digital Currency and Cybercrime,” have allowed students from Stanford’s renowned law, business, and computer science schools to collaboratively study the subject. Stanford has also established itself as a magnate for well-known professors in the industry. Kathryn Haun, a former federal prosecutor and now general partner at Andreessen Horowitz, taught a management class called “Cryptocurrency” alongside Susan Athey, Read more …

The first day of the Ripple’s two-day blockchain conference saw some significant updates. As predicted, the San Francisco event turned out to be the launchpad of Ripple’s cross-border payment system, xRapid. CEO Brad Garlinghouse took the stage to announce that xRapid will go live for the first time with three mainstream financial institutions.  Payment providers Mercury FX and Cuallix, as well as financial firm Catalyst Corporate Federal Credit Union will deploy xRapid for commercial use, thereby becoming one of the first companies Read more …

As the Irish border question has remained one of the thorniest issues in the Brexit talks between the United Kingdom and the European Union, a cabinet minister in Prime Minister Theresa May’s government believes the solution lies in technology. According to Phillip Hammond, UK’s finance minister, the best way to ensure trade across the Irish border remains frictionless after Britain leaves the EU lies in the use of blockchain technology. “There is technology becoming available (…) I don’t claim to Read more …

The Enterprise Ethereum Alliance (EEA) and Hyperledger announced October 1 they would join each other’s organizations as “Associate Members” in order to support enterprise blockchain adoption. The EEA, an enterprise blockchain organization created in March 2017 by Santander, JPMorgan, and a variety of other members, focuses on improving the privacy, scalability, and security of Ethereum (ETH) blockchain applications. Brian Behlendorf, Executive Director of Hyperledger at the Linux Foundation and Ron Resnick, Executive Director of the Enterprise Ethereum Alliance, explained the Read more …

Chinese cryptocurrency exchange Huobi has responded to accusations it has “colluded” with EOS on “mutual voting” practices, Tuesday, October 2. In a brief statement, the exchange said an investigation into the allegations which Cointelegraph reported on October 1 was “still ongoing.” “Based on the initial investigation, there were no financial contracts involved between Huobi and any third party,” the statement reads. “The investigation is still on-going [sic] and therefore, we seek your patience and co-operation [sic] in this matter.” On Read more …

Marshall Islands-based 1Broker has been in a flurry as of late, as the crypto-focused investment services provider came under heavy fire from the top guns of the free world, American regulators and their closest compatriots. 1Broker Sees Court Case Develop, Positive Signs As reported by NewsBTC on September 28th, 1Broker, a foreign crypto startup, was unexpectedly hit with regulatory action from the U.S. Securities and Exchange Commission (SEC), Commodities and Futures Trading Commission (CFTC), and the Federal Bureau of Investigation (FBI). In Read more …

Bitcoin price is vulnerable to modest slippage as the persistent failure to beat a key moving average hurdle may embolden the bears. The leading cryptocurrency has been in a narrow sideways drift in recent days. More importantly, the sideways moving 50-day exponential moving average (EMA) has proved a tough nut to crack since Saturday. BTC’s inability to cross the 50-day EMA for four straight trading days indicates that the bullish move from the Sept. 19 low of $6,100 has likely Read more …