Bitcoin prices, on a tear lately, took a bit of a breather early Tuesday after word broke of a nearly $31 million heist at currency-backed cryptocurrency company Tether. Tether reported on its website (see full text of announcement below) that $30.95 million was improperly removed by hackers from the Tether treasury wallet, and sent to an…
Read more
Bitcoin's price is skyrocketing again, trading in all exchanges for above $8,000, even hitting $8,200 on November, 20th, 2017. Just last week, the cryptocurrency was trading at around $5,600 level, after the community seemed divided over Bitcoin Gold and the fork that Bitcoin was about to go through. The new all-time high was set after…
Read more
Coinbase, the digital online platform for trading cryptocurrencies, is now charming hedge funds with a new institutional storage service targeted specifically for institutional investors, reported Coindesk. The new storage service will be aimed at investors with a minimum of $10 million in deposits, according to Brian Armstrong, the Co-founder and CEO of Coinbase. The procedure will…
Read more
FXStreet just reported that an island in the Caribbeans, Anguilla, is to become the first regulatory body of ICOs. The government of the Caribbean nation is considering the Anguilla Token Offering Act, or AUTO, which would establish the world’s first registration process for new cryptocurrencyofferings. The Chief Minister of Anguilla, Victor Banks, commented on the idea: "We…
Read more
American Express and Santander announced today that they are teaming up to introduce blockchain-enabled, business-to-business cross-border payments. What this means is that payments between the US and UK business users of Amex's FXIP will be made instantly. On the other hand, the UK-based Santander bank accounts will be receiving these Ripple payments. The CEO of…
Read more
Moldova is reported to start using blockchain technology to eradicate the child trafficking activity that is currently happening in the country. Moldova is one of the countries where the trafficking of children is at the highest, also combined with an overall low GDP growth and GDP per capita. The problem stems from the fact that…
Read more
In an interview for Reuters, Mike Novogratz, the current CEO of Galaxy Investment Partners and the former macro hedge fund manager at Fortress Investment Group, talked about his opinion on bitcoin and why the digital currency is the new "gold". According to the Wall Street manager, bitcoin is undoubtedly a store of value. It has the…
Read more
After SAP announced and launched its effort to integrate the technology of blockchain into more spheres of life such as the Internet of Things (IoT), supply chain, manufacturing and many more, the company said that 27 more partners have joined the initiative. The announcement was made at SAP TechEd Barcelona, taking place Nov. 14-16. According to…
Read more
Man Group, the world's largest publicly traded hedge fund company, reporting $103.5 billion in funds under management as of September 2017, announced its readiness to add Bitcoin to its portfolio. The CEO of Man Group, Luke Ellis, expressed his positive opinion on Bitcoin and its potential addition to the products the hedge fund manages, especially if…
Read more
The UK Financial Conduct Authority (FCA) has just issued a warning about the risks of investing in cryptocurrency CFDs. The complete text of the regulator's warning can be seen below: Contracts for differences (CFDs), including financial spread bets, with cryptocurrencies as the underlying investment are increasingly being marketed to consumers. These products are extremely high-risk,…
Read more