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Market Wrap: Bitcoin Jumps Past $9,400 Despite Weak July Volumes

Market Wrap: Bitcoin Jumps Past $9,400 Despite Weak July Volumes

Weaker bitcoin trading volumes aren’t stopping its price from going up. “Bitcoin became oversold from a short-term perspective last week for the first time since mid-March,” said Katie Stockton, an analyst at Fairlead Strategies. “This seems to be giving way to an uptick in short-term momentum, which has been weak since late May,” she added.  […]

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FC Barcelona’s Token Sale Hit $1.3M Cap in Under 2 Hours

FC Barcelona’s Token Sale Hit $1.3M Cap in Under 2 Hours

Supporters of premier soccer club FC Barcelona have snapped up well over $1.3 million worth of tokens designed to provide fans with greater input into the running of the club. Known as Barca Fan Tokens, or $BAR, supporters bought either through the club’s own “Socios” voting platform or through Chiliz, a sports-specific token platform. The […]

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Handshake Goes Live With an Uncensorable Internet Browser

Handshake Goes Live With an Uncensorable Internet Browser

Handshake set out to disrupt the World Wide Web of internet names. Now it’s looking to reinvent browsing.  Today, as the Handshake Network records its 1 millionth transaction, HandyBrowser will go live. It’s a dedicated way to access the uncensorable internet ecosystem made possible through the distributed Handshake Network, as well as anything else you […]

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Thai Central Bank Taps Cement Company for First Digital Currency Payments

Thai Central Bank Taps Cement Company for First Digital Currency Payments

The Bank of Thailand is developing a prototype payments system which would rely on a central bank digital currency (CBDC).  The central bank announced Thursday that it would target businesses, and would design a payment system that could be integrated with the procurement and financial management system of Siam Cement Group, Thailand’s oldest cement manufacturer, […]

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Stablecoins Are the Bridge From Central Banks to Consumer Payments

Stablecoins Are the Bridge From Central Banks to Consumer Payments

Alexander Lipton is the CTO of Sila, a visiting professor and Dean’s Fellow at the Jerusalem Business School of the Hebrew University of Jerusalem, and a Connection Science Fellow at the Massachusetts Institute of Technology. As many still wait to receive the check from the Paycheck Protection Program and Health Care Enhancement Act, which is […]

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Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says

Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says

A senior figure at the International Monetary Fund (IMF) believes a digital currency backed by a central bank would open the door to much greater innovation in retail payments. Tommaso Mancini-Griffoli, the IMF’s deputy division chief in the Monetary and Capital Markets Department, said synthetic CBDCs – digital currencies backed by the liabilities of a […]

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Spiritual Reflections on the Bitcoin Halving

Spiritual Reflections on the Bitcoin Halving

Allen Farrington writes at Quillette, Areo and Merion West, as well as extensively on Medium, where he has several much longer essays on Bitcoin, finance, economics and related topics. His collected writings can be found here. He lives in Edinburgh.  At approximately 8:23 p.m. GMT on Monday, May 11, the 630,000th Bitcoin block was mined, […]

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Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut

Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut

China-based bitcoin miner manufacturer Canaan has reported a net loss of $5.6 million for Q1 2020, even though it had cut down the prices for its hardware by more than half in an effort to sell more machines. In an earnings report released on Friday, the firm said it made $9.4 million in revenue for […]

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Square Unveils Bitcoin Auto Payments Tool

Square Unveils Bitcoin Auto Payments Tool

A mobile subsidiary of Jack Dorsey’s payments company Square now allows users to make automatic purchases of bitcoin. Dorsey said on Twitter – that other company he runs – that Cash App had, from Monday, enabled automatic purchases of bitcoin at regular intervals, such as daily, weekly, or fortnightly. Although there’s a minimum $10 purchase, […]

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Why Cardano Founder Chose Wyoming Over the ‘Giant Egos’ at Harvard

Why Cardano Founder Chose Wyoming Over the ‘Giant Egos’ at Harvard

Cardano founder Charles Hoskinson has revealed why the University of Wyoming presented a more attractive choice than Harvard, MIT or Cornell for Input Output’s (IOHK’s) lab. IOHK, the company charged with the development of Cardano, donated $500,000 in ADA to the blockchain lab at the university earlier this year. The State of Wyoming is known […]

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Telegram Agrees to Give SEC Bank Records, Communications in Ongoing TON Lawsuit

Telegram Agrees to Give SEC Bank Records, Communications in Ongoing TON Lawsuit

Telegram is pledging to turn over communications, bank records and other information to the Securities and Exchange Commission (SEC) as part of the agency’s ongoing legal fight against the messaging startup on allegations that its $1.7 billion token sale in 2018 was conducted in violation of U.S. securities law. According to a court filing Friday, […]

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Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving

Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving

With bitcoin’s price jumping to a two-month high above $9,000, even mining equipment thought obsolete is becoming profitable again, at least for a short time. According to the miner profitability index, tracked by mining pools PoolIn and F2Pool, older mining rigs, such as Bitmain’s AntMiner S9 or Canaan’s Avalon A851, can now generate a 10-20% […]

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CZ: Charity and Stablecoins Drive Meaningful Crypto Adoption

CZ: Charity and Stablecoins Drive Meaningful Crypto Adoption

Speaking at Virtual Blockchain Week (VBW), Binance founder and chief executive Changpeng Zhao (CZ) argued that stablecoins and charity initiatives can drive meaningful cryptocurrency adoption. CZ also discussed Binance Academy’s work with Chinese government institutions on blockchain projects and revealed that he hopes Binance can influence the shape of the country’s regulatory strategy  Crypto charity […]

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Bitcoin Miner Maker Ebang Files for a $100M US IPO

Bitcoin Miner Maker Ebang Files for a $100M US IPO

Ebang International Holdings, one of the leading manufacturers of bitcoin mining equipment, is taking another stab at going public, this time farther from home and with a smaller fundraising target. The Hangzhou, China-based firm aims to raise up to $100 million from an initial public offering (IPO) in the U.S., according to an April 24 […]

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Survey Shows Growing Interest Among Americans in Blockchain and Cryptos

Survey Shows Growing Interest Among Americans in Blockchain and Cryptos

Americans with a working knowledge of cryptocurrencies have been showing a rising interest in blockchain technology and cryptos. According to a survey conducted by the global peer-to-peer Bitcoin marketplace Paxful, this demographic increasingly views digital assets as an alternative to the “defective” and traditional financial system. Released on April 23, the study states that cryptocurrencies […]

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Weekend Attack Drains Decentralized Protocol dForce of $25M in Crypto

Weekend Attack Drains Decentralized Protocol dForce of $25M in Crypto

Decentralized finance protocol dForce has lost over 99 percent of its assets in an attack Saturday night, according to DeFi Pulse. Lending protocol Lendf.me saw some $25 million in ether (ETH) and bitcoin (BTC) exit its wallets late Saturday and early Sunday after its money market pool was attacked. Lendf is one of two protocols […]

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Inside China’s Plan to Power Global Blockchain Adoption

Inside China’s Plan to Power Global Blockchain Adoption

China is about to launch its national blockchain platform, part of the country’s grand strategy to lead the digital transformation of the world economy. Led by the State Information Center, the Blockchain Service Network (BSN) is poised to launch for domestic commercial use Wednesday and globally on April 25. If it works as envisioned, companies […]

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Crypto Casinos: Making Gambling Honest With Blockchain | Blockchain Central

bitcoin

Crypto Casinos: Making Gambling Honest With Blockchain | Blockchain Central

This week on #BlockchainCentral: We dive in to one of the most popular market segments for dapps: gambling. Cryptocurrency #casinos have been around since the early days of crypto and bitcoin, but it took the decentralized-application possibilities of #Ethereum to really break gambling into the blockchain mainstream. Nowadays, there’s a multitude of blockchain casinos that […]

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Bitcoin Cash Approaches Milestone With First Halving Expected Wednesday

Bitcoin Cash Approaches Milestone With First Halving Expected Wednesday

Bitcoin cash (BCH), the cryptocurrency that broke off from bitcoin (BTC) due to a heated community disagreement in 2017, is about to hit a blockchain milestone.  At block 630,000, expected to occur Wednesday morning Eastern time, the number of BCH coins created roughly every 10 minutes will fall by half, from 12.5 to 6.25. This […]

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P2P Exchange Hodl Hodl Takes First Step in Bringing Private Bitcoin Trades to BlueWallet Users

P2P Exchange Hodl Hodl Takes First Step in Bringing Private Bitcoin Trades to BlueWallet Users

While the cryptocurrency space has moved well beyond its cypherpunk origins, some platforms are still determined to let users keep their transactions to themselves. In the works since late 2019, BlueWallet, a non-custodial mobile crypto wallet for iOS and Android, is integrating with Hodl Hodl, a peer-to-peer exchange, to add private bitcoin trades to the […]

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BitMEX Operator Ups Grant for Bitcoin Development to $100K

BitMEX Operator Ups Grant for Bitcoin Development to $100K

The company behind derivatives exchange BitMEX is increasing the grant it pays to one of the developers responsible for keeping the Bitcoin Core protocol up and running. HDR Global Trading said in a post on Tuesday that it had increased the grant it was paying to Michael Ford, also known by his handle “fanquake,” from […]

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Singapore Crypto Exchange Eyes US Expansion After Registering With FinCEN

Singapore Crypto Exchange Eyes US Expansion After Registering With FinCEN

A crypto derivatives platform that has primarily focused servicing Asia is looking to set up shop in the U.S. Singapore-based Bitget said Friday it had registered with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) as a money services business ahead of plans for a full-scale launch in the country. Established in 2018, Bitget […]

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Crypto-Friendly Bank Revolut Launches in the US

Crypto-Friendly Bank Revolut Launches in the US

Mobile bank Revolut has launched in the U.S., with an eye to offering its cryptocurrency services sometime in the near future. The London-based challenger bank announced Tuesday that U.S. customers could now register for an account and sign up for a payment card. Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to […]

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Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending

Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending

Square is launching a bank in 2021.  On Wednesday, the U.S. Federal Deposit Insurance Corporation Board (FDIC) gave the payments startup conditional approval for a bank charter to launch Square Financial Services, an Industrial Loan Company. Headquartered in Salt Lake City, Utah, the bank also received approval from The Utah Department of Financial institutions for […]

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Why Bitcoin’s Safe-Haven Narrative Has Flown Out the Window

Why Bitcoin’s Safe-Haven Narrative Has Flown Out the Window

Noelle Acheson is a veteran of company analysis and CoinDesk’s director of research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. Listen. That whooshing sound you hear is not just […]

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