Category: Cryptocurrency News

Ripple’s investment arm and tech incubator Xpring has invested in Swedish cryptocurrency self-custody startup Towo Labs to build hardware wallet firmware. Xpring announced the news in a blog post on Oct. 16, stating that the startup plans to develop a new version of the XRP Toolkit and hardware wallet firmware supporting all XRP Ledger transaction types, as well as a noncustodial web interface. In a parallel announcement, Towo Labs said that the firmware will support signing cross-currency payments, escrows, orders, Read more …

Bitcoin is a potentially world-changing financial technology, designed by the mysterious Satoshi Nakamoto. But Bitcoin also brought with it the birth of blockchain – distributed ledger technology that may not be world-changing, but certainly can redefine and improve upon certain industries. The technology makes tracing transactions especially simple, but cryptography keeps the account owner’s personal identity private. But thanks to crypto exchanges being required to follow global regulations around know your customer and anti-money laundering policies, combining the traceability of Read more …

It is now a well-known fact that cryptocurrencies have emerged as one of the prominent financial instruments for investment purposes. One particular reason for such a shift is the difference in the behavior of crypto markets compared to the conventional financial ecosystem. Digital currencies like Bitcoin, on many occasions, has exhibited a negative correlation with its price going upwards while other instruments were on a downward trend. This has enabled cryptocurrencies to carve a niche for themselves, to become a Read more …

A French central banker is calling for a global regulatory framework on crypto assets. In a speech at an Official Monetary and Financial Institutions Forum (OMFIF) meeting in London on Tuesday, Denis Beau, a deputy governor of Banque De France, said: “There is indeed a need for overall consistency to prevent regulatory arbitrage under the ‘same activities, same risks, same rules’ principle.” And the only way to ensure that, he said, is with a standardized regulatory regime. The comments come Read more …

United States law enforcement agencies analyzed Bitcoin (BTC) transactions to locate and subsequently shut down a global child pornography site. Per an Oct. 16 press release, the U.S. Department of Justice announced the shutdown of the largest-to-date child sexual exploitation market called Welcome to Video which was operated by South Korean national, Jong Woo Son. The site offered child pornography videos for sale using Bitcoin. Crypto brings authorities closer to catching criminals To trace Bitcoin blockchain transactions and identify users, Read more …

Advertisment According to the US Department of Justice, law enforcement agencies have been able to track the operator and some users by analyzing the bitcoin blockchain. According to the report, the video site received wholly 420 bitcoins between June 2015 and March 2018 ($ 370,000 at that time) through 7,300 bitcoin transactions from users in the US, UK, and South Korea. These bitcoins were used to pay for child pornography videos on the site that have been downloaded over a Read more …

Bitcoin (BTC) price has continued its multiple-day slide, dropping 5.3% over the past two days and 9.6% from it’s $8,800 high 5 days ago. While Bitcoin bears are celebrating, the price remains range-bound, as can be seen clearly on the daily chart. Bitcoin price has been trading in this range since September 25th, the day after the large drop from $10,000.  Bulls will be looking for a break above the range to signal likely price appreciation, while the bears have Read more …

Two former heads of the Commodity Futures Trading Commission (CFTC) are offering up a plan for a government-sanctioned, blockchain-based digital dollar. In an op-ed for the Wall Street Journal published Oct. 15, J. Christopher Giancarlo, former CFTC chair, and Daniel Gorfine, former director of LabCFTC, the watchdog’s experimental initiative, proposed a blockchain protocol to digitize cash To allow the dollar to compete “in the new digital era.” Their USD-backed stablecoin is envisioned for daily transactions both domestically and abroad. Created and Read more …

The Supreme Court of India has postponed a hearing that would consider the Reserve Bank of India’s (RBI) ban on providing services to cryptocurrency-related business. In an Oct. 16 session on the ban that prohibits banks and financial institutions from providing digital currency-related services, the court shifted the date of the next hearing to Nov. 12. The date was further extended to Nov. 19 due to national holidays in India, which fall on the initial set date. The Reserve Bank Read more …

Ever since governments worldwide started showing adversity toward cryptocurrencies like bitcoin, a few startups have dedicated their business model to blockchain surveillance. Two weeks ago, Chainalysis revealed the company is monitoring 21 different tokens that stem from Ethereum. On Tuesday, the firm Ciphertrace announced that it’s now tracking 700 cryptocurrencies providing “visibility into 87% of the global trading volume.” Also read: Berlusconi Admins Disappear — Darknet Users Rush to Find Alternatives Chainalysis Now Tracks 21 Popular ERC20 Tokens Blockchain surveillance Read more …

On October 11, CREDITS.COM announced the addition of a new member in the position of Chief Business Officer. The replenishment in the ranks of the company has become a major event in the market due to previous employee experience. Jennifer Trelewicz, who previously held the positions of Director of the Systems & Technology Laboratory at IBM, CTO of Google Russia, and Director of Risks & Market Data at Deutsche Bank, will now make every effort in developing the blockchain project.     Read more …

California-based luxury electric car manufacturer Karma Automotive has begun accepting digital currency as a means of payment at one of its stores in Newport Beach. Karma Newport Beach now enables customers to pay in Bitcoin (BTC) for new vehicle purchases and related services, according to a company press release on Oct. 15. Announcing the new offering, Karma CEO Lance Zhou said: “We are opening our platform to serve as a test bed to help convert theoretical blockchain applications to practical Read more …