Korea Exchange Reportedly Watching for U.S. Response to Bitcoin ETF Proposals
Feb22

Korea Exchange Reportedly Watching for U.S. Response to Bitcoin ETF Proposals

According to a report in Korea Herald, South Korean trading institutions have been in somewhat of a holding pattern when it comes to innovative cryptocurrency trading options like exchange-traded funds, preferring instead to wait and see how the United States deals with the issue.

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Op-Ed: Blockchain Businesses Won’t Prevent Monopolies or Democratize Wealth
Feb21

Op-Ed: Blockchain Businesses Won’t Prevent Monopolies or Democratize Wealth

Since the beginning of the Initial Coin Offering (ICO) trend, blockchain-based decentralized financing models have been praised by many mainstream commentators for their clear advantages over traditional fundraising models. For entrepreneurs and project visionaries, the allure was the ability to quickly raise money globally, while everyday people became able to invest in lucrative early-stage projects that the traditional system would not allow them access to and were able to sell their investment much sooner than if they had to wait five or more years for their shares to be traded publicly.

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DNotes Global CEO, Alan Yong Welcomes JPM Coin as a Partial Rail of a Massive Network Essential For Mass Adoption of Digital Currency
Feb16

DNotes Global CEO, Alan Yong Welcomes JPM Coin as a Partial Rail of a Massive Network Essential For Mass Adoption of Digital Currency

At the World Funding Summit in 2017, I took issue with JPMorgan CEO Jamie Dimon’s description of Bitcoin as a fraud. Today, I want to praise Dimon’s company and welcome its new digital currency, JPM Coin, as a partial rail of a massive network essential for mass adoption of digital currency.

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Report: U.S. Firm Attracts First Pension Fund Investment in Crypto
Feb12

Report: U.S. Firm Attracts First Pension Fund Investment in Crypto

U.S. firm Morgan Creek Digital’s new $40 million investment fund has attracted investment from two Fairfax County, Virginia pension plans, according to a February 12 report from Bloomberg. In a statement, the company noted that the fund’s investors also include “an insurance company, a university endowment, and a private foundation.”

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OSC Confirms It is “Looking Into” QuadrigaCX Matter
Feb08

OSC Confirms It is “Looking Into” QuadrigaCX Matter

The Ontario Securities Commission confirmed in a statement to Reuters on Friday that regulators are looking into the issues surrounding QuadrigaCX, the besieged Canadian cryptocurrency company whose founder passed away in December. The OSC cited concerns about potential harm for investors as a reason for its interest, though commission spokesperson Kristen Rose refused to confirm that there is an official investigation.

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JP Morgan Analyst: Crypto Price Stability Could Help Renew Institutional Investor Interest
Feb07

JP Morgan Analyst: Crypto Price Stability Could Help Renew Institutional Investor Interest

JP Morgan analyst Nikolaos Panigirtzoglou said this week that continuing price stability in the cryptocurrency markets could help contribute to renewed institutional investor interest. Appearing on Tuesday’s CNBC Futures Now, Panigirtzoglou predicted that the current lack of interest is probably temporary:

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EU and EFTA Coinbase Customers Can Now Withdraw Funds to PayPal
Feb07

EU and EFTA Coinbase Customers Can Now Withdraw Funds to PayPal

U.S.-based cryptocurrency exchange Coinbase announced in a blog post Tuesday that its customers throughout the European Union and the European Free Trade Association nations can now withdraw funds to their PayPal accounts. The company had previously restored PayPal withdrawal support to U.S. customers in late 2018.

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QuadrigaCX Receives 30-Day Creditor Protection Stay Order
Feb05

QuadrigaCX Receives 30-Day Creditor Protection Stay Order

The Nova Scotia Supreme Court has granted Canadian cryptocurrency exchange QuadrigaCX temporary creditor protection by issuing a 30-day to prevent any lawsuits against the company from moving forward. The order was granted to give QuadrigaCX time to search for a way to access $250 million CAD in customer funds that the company has been unable to recover since the December death of founder Gerald Cotton, CBC reports.

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Kraken Announces Acquisition of Crypto Facilities in Nine-Figure Deal
Feb04

Kraken Announces Acquisition of Crypto Facilities in Nine-Figure Deal

U.S.-based crypto exchange Kraken announced on Monday that it has acquired Crypto Facilities, a regulated cryptocurrency derivatives trading platform and index provider. In a press release announcing the acquisition, Kraken CEO Jesse Powell said:

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Elementus Claims Cryptopia Still Being Hacked
Jan30

Elementus Claims Cryptopia Still Being Hacked

New Zealand Cryptopia cryptocurrency exchange has been offline for more than two weeks now, after acknowledging that it had suffered a hacking attack resulting in “significant losses.” According to a recent blog post from blockchain analytics company Elementus, however, the exchange’s offline status doesn’t appear to have deterred the hackers, who have continued to steal ether from Cryptopia wallets:

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Marshall Islands Selects Tangem to Issue Physical Notes for SOV Digital Currency
Jan29

Marshall Islands Selects Tangem to Issue Physical Notes for SOV Digital Currency

While the Republic of the Marshall Islands has not yet launched its Sovereign digital currency (SOV), officials have selected the Swiss crypto wallet maker Tangem to issue physical banknotes for the project. Tangem announced the news in a press release on Monday:

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HERo Announces New Partnership with WeTogether to Promote Women’s Entrepreneurship and Empowerment
Jan27

HERo Announces New Partnership with WeTogether to Promote Women’s Entrepreneurship and Empowerment

HERo and WeTogether.co have announced a new partnership to further their shared goal of helping promote women in technology. According to statements from both companies, that collaboration will facilitate listings for events, article content, projects, and various products and services from women-owned businesses, to offer expanded marketing reach for both organizations.

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Coinbase Announces New Crypto Tax Resources for U.S Customers
Jan25

Coinbase Announces New Crypto Tax Resources for U.S Customers

California-based digital currency exchange Coinbase has taken steps to simplify the crypto tax-filing process for its customers in the United States. In a January 24 blog post, the company announced the addition of resources to aid taxpayers who have engaged in any sale, use, or conversion of cryptocurrency assets that may trigger U.S. tax obligations.

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Pennsylvania DoBS: Crypto Exchanges Not Money Transmitters Under MTA
Jan24

Pennsylvania DoBS: Crypto Exchanges Not Money Transmitters Under MTA

The Pennsylvania Department of Banking and Securities (DoBS) issued guidance this week declaring that cryptocurrency service providers and exchanges do not qualify as money transmitters. As a result, they are not subject to the licensing provisions of the state’s Money Transmitter Act (MTA).

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Blockchain Industries Signs LOI to Merge with BTHMB Holdings
Jan23

Blockchain Industries Signs LOI to Merge with BTHMB Holdings

Blockchain Industries, Inc. has signed a binding letter of intent to merge with Singapore-based BTHMB Holdings Pte. Ltd., which will be rebranded as Blockchain Exchange Alliance (BXA). In a press release, the company announced that the two firms will merge into one entity and become “a publicly traded cryptocurrency exchange company.”

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Coinnest Exchange Asks Users to Return Funds Mistakenly Sent in Bungled Airdrop
Jan21

Coinnest Exchange Asks Users to Return Funds Mistakenly Sent in Bungled Airdrop

Last week, South Korean digital currency exchange Coinnest mistakenly airdropped more than $5 million worth of cryptocurrency and Korean won to its customers, according to reports from Coindesk. Now, the exchange is asking those users to return the funds as it takes steps to roll back the erroneous transactions.

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News Asia Reports Two Komid Exchange Execs Jailed for Falsifying Trading Volume
Jan20

News Asia Reports Two Komid Exchange Execs Jailed for Falsifying Trading Volume

Two executives from the one-year-old South Korean cryptocurrency exchange Komid have been jailed on charges that they inflated trading volume and falsified volume reports, according to recent reports from News Asia. The scheme reportedly included 5 million fabricated transactions designed to deceive investors, which enabled the duo to fraudulently earn about $45 million.

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Bitwage Service Enables US Companies to Pay W2 Employees and Payroll Taxes Using Crypto
Jan17

Bitwage Service Enables US Companies to Pay W2 Employees and Payroll Taxes Using Crypto

Bitwage revealed this week that its services will now enable companies in the United States to use cryptocurrency to pay their W2 employees and related payroll tax obligations. The service is the result of a partnership between Bitwage and Texas-based payroll and human resources firm Simply Efficient HR, according to a Coinstituency article posted on the Bitwage blog.

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EMC2 Coin Now Listed on BCEX Global Crypto Exchange
Jan13

EMC2 Coin Now Listed on BCEX Global Crypto Exchange

BCEX Global recently announced that it was listing the Einsteinium Foundation’s EMC2 digital currency on its cryptocurrency exchange. The EMC2 token can now be deposited, withdrawn, and traded on the exchange.

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What’s Next for Ethereum’s Killer App, the ICO?
Jan12

What’s Next for Ethereum’s Killer App, the ICO?

The Initial Coin Offering (ICO) has been a fundamental part of crypto startups since their rise in popularity during 2017 and was largely responsible for the subsequent cryptocurrency bubble. Startups or projects creating new currencies, services or apps launch an ICO to attract investors with an established digital token (Ethereum, Bitcoin etc.) and in exchange investors receive new tokens that they generally believe will provide a future return on their investment. This is roughly the equivalent of mainstream commerce’s Initial Public Offering (IPO) as a way of raising investment capital, except ICO tokens issued by blockchain businesses allowed access to the startup’s product or service, rather than representing any claim of ownership in the venture.

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