Category: Cryptocurrency News

An official at the Bank of America (BoA) believes that cryptocurrencies impede the efforts of law enforcement to catch criminals. Cathy Bessant, the chief technical officer (CTO) at the multinational financial institution, believes current transparency in banking allows authorities to police transactions in a way not possible with digital currency. Is Cryptocurrency Actually Easier to Use Than Cash to Evade Authorities? Cathy Bessant spoke to CNBC’s ‘Squawk Box‘ earlier today. On the morning segment, the official cited a lack of transparency Read more …

An official at the Bank of America (BoA) believes that cryptocurrencies impede the efforts of law enforcement to catch criminals. Cathy Bessant, the chief technical officer (CTO) at the multinational financial institution, believes current transparency in banking allows authorities to police transactions in a way not possible with digital currency. Is Cryptocurrency Actually Easier to Use Than Cash to Evade Authorities? Cathy Bessant spoke to CNBC’s ‘Squawk Box‘ earlier today. On the morning segment, the official cited a lack of transparency Read more …

Developers hoping to bring a higher level of transaction anonymity to the bitcoin blockchain have built a prototype for their “Dandelion” privacy project. The test, according to an email sent to the bitcoin development mailing list on Thursday, comes after the team behind the project added more theoretical analysis in a bid to address concerns that the initial Dandelion proposal may be exposed to a deanonymization attack. A variety of projects have focused on this question within the bitcoin network, all of 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. Sydney, Australia – LEEKICO, a one-stop-service ICO platform, successfully supported Skrumble Network (SKM), a project aiming to solve the data ownership crisis with a secure blockchain and application, in completing its highly anticipated token sale Read more …

De Beers has announced the successful completion of a blockchain pilot for tracking diamonds along the entire value chain: from mine, to cutter, to polisher, and, finally, to jeweler.  De Beers Diamond Blockchain De Beers Group announced today the completion of a blockchain pilot that immutably and securely tracked 100 high-value diamonds all the way along the value chain, marking the first time a diamond’s journey has been digitally tracked from mine to retail. To make this happen, the world-renowned diamond Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Cryptocurrency-friendly stock trading app Robinhood is now valued at $5.6 billion following a mammoth funding round. The fintech startup announced on Thursday that it had raised $363 million in a Series D funding round led by DST Global. “At Robinhood, we’re guided by the belief that America’s financial system should work for everyone – not only the wealthy,” the company said in a statement. “Our platform Read more …

The skyrocketing popularity of cryptocurrency over the past year has been heralded by many analysts and pundits as undeniable success of the growing decentralized movement. But the reality is that crossing the chasm from early adopters and speculators to mainstream usage has proved quite challenging for an industry that seeks to reinvent how people communicate, transact and share value. Gem, a Los Angeles–based block-chain startup founded in 2013 in the early days of the decentralized movement, is launching a new cryptocurrency platform Read more …

Mining The mining operation of Japan’s internet giant GMO has resulted in over 900 bitcoins and 537 bitcoin cash so far, as the company roughly doubled its hashrate last month. Meanwhile, its crypto exchange reported a first-quarter loss after the country’s financial regulator ordered it to improve. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Over 900 BTC Mined So Far Japanese conglomerate GMO Internet released its cryptocurrency mining business report for April this week. “We are Read more …

Award-winning rapper Mims has become the latest musician to launch a blockchain company. The artist has co-founded a project called RecordGram, which aims to help artists and producers connect to create music and that uses a blockchain to help facilitate royalty payments. Using a token called “tune,” the system records artists’ digital rights and automatically tracks royalties. Mims has now revealed he will be talking about the project at the Crypto Influencer Summit this month, as well as perform at the Read more …

Copy traders give permission for investment decisions made by a more knowledgeable trader to affect a portion of the funds in their own trading accounts.  The startup CoinPennant plans to elevate this concept by channeling advice from established traders for those who want to enter the fast-paced cryptocurrency investment space by using a combined social network and blockchain-based copy trading platform. Companies like eToro and ZuluTrade already provide copy trading services for foreign currency trading, and they have also ventured Read more …