Category: Cryptocurrency News

Enterprise-focused blockchain startup Axoni has raised $32 million in a funding round led by Goldman Sachs and other high-profile banks and venture capital investors, Forbes reports August 14. The $32 million Series B funding round was led by Goldman Sachs and Nyca Partners, with numerous other investors including Wells Fargo, JPMorgan, Citigroup, and Andreessen Horowitz. The fresh investment brings Axoni’s total financing to $55 million to date. Axoni’s co-founder, Greg Schvey, told Forbes that the round represented not just an Read more …

It is clear that the U.S. Securities Exchange Commission (SEC) is conflicted as to whether or not they should approve or deny the variety of Bitcoin ETFs in the running for approval. Many investors are looking towards the CBOE VanEck/SolidX Bitcoin ETF as the most likely ETF to gain SEC approval due to a variety of factors. Regardless of the likelihood of approval, some people familiar with the topic feel that investors should not anticipate a decision by the set Read more …

It is clear that the U.S. Securities Exchange Commission (SEC) is conflicted as to whether or not they should approve or deny the variety of Bitcoin ETFs in the running for approval. Many investors are looking towards the CBOE VanEck/SolidX Bitcoin ETF as the most likely ETF to gain SEC approval due to a variety of factors. Regardless of the likelihood of approval, some people familiar with the topic feel that investors should not anticipate a decision by the set Read more …

A U.S. district judge has denied an investor’s effort to move a lawsuit against payments firm Ripple to a lower court. Judge Phyllis Hamilton of the Northern District of California denied Ryan Coffey’s motion to remand his suit against Ripple Labs and affiliated entities back to the Superior Court of San Francisco after Ripple escalated the suit to the United States District Court level, court documents published on Friday reveal. Coffey sued Ripple earlier this year claiming that the XRP cryptocurrency is a Read more …

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Keynote Launches a new fund to support diversity and inclusion in the development and use of blockchain technology. Keynote​ is thrilled to launch a new $6 million Fund to support diversity and inclusion in the Read more …

As anyone who has ever attempted to explain bitcoin to their parents can understand, one of the most challenging parts of convincing them of the utility of this technology is making the case that a person should be his or her own bank. Occasionally, though, an object lesson bites you in the, err, mustache. The lesson in question comes courtesy of personal finance author Peter Adeney. Writing on Twitter, Adeney, who blogs under the pseudonym Mr. Money Mustache, relayed that Read more …

Marijuana advocacy publication High Times is walking back a previous announcement indicating that it would accept bitcoin when it launches its initial public offering (IPO). The company said last week that it would accept bitcoin and ether – the cryptocurrency of the ethereum network – as part of its IPO, which seeks to raise as much as $50 million. At the time, according to a press release, CEO Adam Levin said the company was “taking another step into the future, Read more …

Economy & Regulation President Maduro’s Venezuela is preparing to effectively adopt next week two official units of account – the nation’s crypto, El Petro, and the new petro-pegged bolivar that will replace the inflated national fiat. New salary and pricing mechanisms will be implemented as well, the country’s leftist leader promised.   Also read: Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume Venezuela Introduces Crypto-Pegged Bolivar on Monday Starting from August 20, Venezuela will have two official units Read more …

Nic Carter, a well respected cryptocurrency researcher, has said that Bitcoin has surpassed the OTC gold market in settlement volumes, even amidst a 70 percent drop in its price. Bitcoin as a Better Medium of Exchange According to the clearing statistics of the London bullion market (LBMA), five major clearing members of the LPMCL including HSBC, ICBC Standard Bank, JP Morgan, Scotiabank and UBS, the global gold over-the-counter (OTC) market is on track to settle $446 billion in 2018, having Read more …

The U.S. Securities and Exchange Commission (SEC) announced Tuesday that it had secured new prohibitions against the founder of a company behind an allegedly fraudulent initial coin offering (ICO). The agency said that it obtained officer-and-director and penny-stock bars against David Laurance and his company, Tomahawk Exploration LLC. Tomahawk, the SEC alleges, sought to raise funds through a “Tomahawkcoin” token sale that utilized misleading marketing materials and false claims about oil drilling licenses. Further, the Tomahawkcoin is said to have been Read more …