Month: February 2019

Signature Bank of New York will soon offer full banking services to financial technology firms in Bermuda, including crypto startups that have struggled to secure accounts. In a press release Thursday night, the government of Bermuda announced that Signature would offer U.S. banking services to licensed fintech firms, including 66 startups already incorporated in the

Tesla’s big news event for today was dominated by the official unveiling of the long-awaited $35,000 Model 3. Excitement over the new low-cost sedan was sapped, however, after Elon Musk delivered disappointing news about Tesla’s profitability prospects. Tesla Unveils $35,000 Model 3 $35,000 Tesla Model 3 Available Nowhttps://t.co/xZ0J4rbbgM — Tesla (@Tesla) February 28, 2019 The

Crypto exchange Kraken is offering up to $100,000 to anyone who can help solve this year’s biggest blockchain mystery: what happened to QuadrigaCX’s coins? Kraken announced Thursday it would pay the reward to users who could help it locate the missing funds. Any tips sent to the platform will, in turn, be shared with law enforcement,

Bitcoin skeptic Vladimir Putin has set a July 2019 deadline for crypto regulations to be put in place in Russia. Putin made the announcement on the Kremlin website in a February 27 notice. In his order, President Putin told the Russian State Duma and the Council of the Federation of Russia to adopt cryptocurrency rules by

Two long-anticipated upgrades appear to have officially activated on the ethereum blockchain, the world’s second-largest by market value, without incident. At 19:57 (UTC), the sixth and seventh system-wide upgrades to the software, dubbed Constantinople and St. Petersburg, respectively, rolled out on the main network at block number 7,280,000. As seen on blockchain monitoring website Fork Monitor, there is

Facebook’s blockchain team has made a significant amount of progress on its secretive cryptocurrency project since Bloomberg first reported that the company was building a dollar-pegged stablecoin. So much progress, in fact, that you may soon find the WhatsApp-focused cryptocurrency listed on a bitcoin exchange near you. Facebook Has Already Met with Bitcoin Exchanges to

The Dow and wider U.S. stock market struggled for direction Thursday after talks between President Donald Trump and North Korea’s Kim Jong Un ended abruptly, raising the specter of a new confrontation with the hermit kingdom. Better than expected GDP data failed to stoke investor optimism after it became apparent that economic growth had slowed

Blockchain device manufacturer startup Pundi X unveiled new specifications for its blockchain phone, which it plans to release to the public later this year. Revealed at the Mobile World Congress conference in Barcelona this week, the XPhone will let users switch between a traditional mode that supports Android apps and a “blockchain mode,” which will

Reports of suspicious cryptocurrency transactions in Japan soared last year, the country’s police agency has said. According to an article in The Japan Times on Thursday, the National Police Agency (NPA) has released data indicating that cryptocurrency exchanges reported 7,096 cases of suspicious transactions in 2018. That figure is a hefty 961 percent greater than the

On February 24, within minutes, the Bitcoin price dumped by 11 percent from $4,150 to the mid-$3,000 region, pushing the crypto market to lose $11 billion on a single day. Investors expected a pullback to occur on the price trend of Bitcoin but many traders were surprised by the magnitude of the drop. Bitcoin 1-Day

View Bitcoin could end the five-year March losing streak with solid gains if resistance at $4,190 (high of last week’s inverted bullish hammer) is convincingly scaled in the next week or two. The cryptocurrency reinforced a bullish triangle breakout witnessed last week with a quick recovery from sub-$3,700 levels yesterday. This “buy the dip” mentality

GIC Private Limited, the sovereign wealth fund of Singapore, was one of the investors in Coinbase’s $300 million fundraising round last year, it has now been revealed. While there were other investors in the Series E round, GIC’s participation was closely guarded until now, per Bloomberg. Other investors who took part in the fundraising round

Dogecoin creator Jackson Palmer doesn’t think the blockchain’s progression is anything like that of the Internet, in a tweet from Wednesday. Palmer said it’s “dishonest” to compare the two, citing the “user demand” and “market fit” of the Internet after 10 years of development. Jackson Palmer Says Bitcoin Adoption Nothing Like the Internet It’s plainly

Bitcoin’s lightning network has taken a big step toward a better user experience courtesy of new work by one of its principal open-source developers. Widely believed to be the key to helping the cryptocurrency reach a mainstream audience by pushing it to handle millions of transactions, lightning still has a lot of work ahead of it.

It was no coincidence that US President Donald Trump opted to hold his North Korean summit with Kim Jong-Un at the same time that his former fixer Michael Cohen testified in Congress. Trump Playing Games to Suck Oxygen out of the Newsroom It is a classic Trumpian move to avoid a lousy headline by creating

Bitcoin or another cryptocurrency won’t supplant PayPal and credit cards as payment options yet, but they could in due time. That’s the assessment of Lisa Ellis, an equity analyst with sell-side research firm MoffettNathanson. “Cryptocurrency systems (e.g., Bitcoin, Ethereum, Ripple) are potentially disruptive to private payment systems,” Ellis wrote in a client note. “Their core design

In less than 24 hours, the world’s second largest blockchain by market capitalization is expected to activate its sixth and seventh system-wide upgrades, at which point its global user base will be asked to make two near-simultaneous changes to its code. Known as Constantinople and St. Petersburg, both upgrades will be implemented as “hard forks,”

Eccentric Tesla CEO Elon Musk is at it again on Twitter, launching a flurry of odd and cryptic tweets on Wednesday and changing his Twitter handle to “Elon Tusk” along with an elephant emoji. Tesla CEO Changes Twitter Name to ‘Elon Tusk’ The new handle is an allusion to this viral meme: Elon Musk has