Category: Cryptocurrency News

Tiger Global, a U.K. hedge fund that invests mainly in global consumer brands, is reportedly considering a $500 million investment in Coinbase, which would boost the startup’s valuation close to $8 billion and strengthen the cryptocurrency market’s legitimacy, according to sources that spoke to Recode. The investment would make Coinbase one of the highest valued U.S. startups. The investment in part would buy out existing shareholders, although the specific numbers have not been determined. Valuation More Than Quadrupling Last summer, Read more …

Technology & Security Google has announced a number of upcoming changes concerning the development of new extensions for Chrome. Users of the web browser will soon benefit from improved security and better protection against malware including hidden miners and tools used to steal cryptocurrency. Also read: A Guide to Building Your Own Crypto Mining Rig Google Introduces Changes to Make Chrome Extensions Safer Recognizing how important it is for users to be able to trust that the extensions they install Read more …

Brazil’s securities regulator, Comissão de Valores Mobiliários (CVM), has reportedly authorized investment funds to indirectly put their money in the cryptocurrency ecosystem, through the acquisition of derivatives and foreign funds. Brazilian Funds Can Now Gain Exposure to Cryptocurrency According to a circular issued by the Finance Ministry of Brazil, first spotted by local news outlet Portal do bitcoin, funds can also invest in “other assets” traded in other jurisdictions, as long as these are regulated where they’re traded. Per the Read more …

Chris Dodds, who serves on the board of directors of the Charles Schwab Corporation, has joined cryptocurrency exchange Coinbase’s board of directors, according to an announcement published October 2. The Charles Schwab Corporation is a brokerage, banking and financial advisory services firm based in San Francisco. Per the firm’s annual report, the company had $3.36 trillion in client assets, 10.8 million active brokerage accounts, and 1.2 million banking accounts, as of December 2017. In addition to the Coinbase board, Dodds Read more …

Blockchain technology has been around for a while now. Even so, the technology is still considered to be in its infancy. Over the years, the industry has gone through dramatical changes. Most of them came after the introduction of cryptocurrencies. At first, there was only Bitcoin that has quickly started to rise in popularity and value. It became the representative of the first generation of digital coins. Several years later, Ethereum was launched and it became the biggest blockchain of Read more …

Binance Labs has reportedly invested millions of dollars in decentralized digital content ecosystem Contentos, according to a press release published October 1. Founded by the largest cryptocurrency exchange Binance, Binance Labs is an initiative that seeks to support early-stage blockchain and digital currency projects and entrepreneurs by making direct investments, as well as mentoring and providing technical advice to projects. Per the press release, Binance Labs made a “multi-million” dollar contribution to decentralized digital content ecosystem Contentos, but the exact Read more …

Bots that manipulate bitcoin price are not new, and they aren’t going away, according to The Wall Street Journal. The problem continues to draw regulatory scrutiny, as it was cited by the Securities and Exchange Commission (SEC) when it rejected several bitcoin ETF applications in August. Andy Bromberg, president and co-founder of CoinList, which issues tokens, told the WSJ that the bots are rampant marketwide, at least at the present time. Stefan Qin, the managing partner at cryptocurrency hedge fund Virgil Read more …

After raising $4 billion through a record-breaking token sale, the Block.one team now claims that they have solved the scalability issue, leading the EOS-based platform to be the most scalable and highest performing blockchain platform in the world. The claims regarding Block.one’s ultra-high performance come just months after the platform first went live and closely proceed the estimated $4 billion that was raised this past June in a token sale. While speaking to Asia Times about scalability issues, which plague many Read more …

News Another busy week has passed for Bitcoin Cash (BCH) proponents as there continues to be an influx of bitcoin cash adoption, new platforms, and improved infrastructure. Also read: Popular Discussion Board 4chan Now Accepts Cryptocurrencies for Passes Bitcoin Cash (BCH) Market Action Every week there’s an awful lot of developments happening within the BCH ecosystem and this week is no different. Bitcoin cash markets have been strong again over the past week, as the decentralized cryptocurrency is up 1.29 percent Read more …

Cryptocurrencies could serve as a possible solution to disparities currently faced by the U.S. dollar, an economist with the Federal Reserve Bank of St. Louis said Tuesday. During an hour-long question-and-answer session, the Federal Reserve Bank of St. Louis – one of 12 regional banks that make up the U.S. central banking system – answered questions on Twitter with economist David Andolfatto, who is a vice president in the bank’s research division. During the session, one user asked whether cryptocurrencies can be Read more …