Posts in category

Cryptocurrency


A financial institution operated by the world’s central banks is taking aim at cryptocurrencies, questioning their ability to deliver on their promise in a new report published Sunday morning. The document, titled “Cryptocurrencies: looking beyond the hype” and released by the Bank of International Settlements (BIS), explains the history behind the technology and analyzes whether …

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The Bank of International Settlements (BIS) is dedicating two chapters of its forthcoming annual economic report to cryptocurrencies. BIS – considered to be the central bank’s central bank – will publish those two chapters this weekend on June 17, the institution announced this week. The full report will be published on June 24. The upcoming …

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Hollywood star Kurt Russell is one of a number of performers set to star in an upcoming indie film about cryptocurrencies. The film, entitled Crypto, will feature Russell as well as Alexis Bledel, Jeremie Harris and Luke Hemsworth, among others. The Hollywood Reporter notes that the film focuses on a young anti-money laundering agent, played by …

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One of the most popular websites for cryptocurrency price data announced a series of changes on Wednesday. CoinMarketCap said that it has beefed up its coin watchlist feature as well as updated its mobile-focused search function “to make it easier to access.” Having launched their first mobile app for iOS users only last month, users …

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The price of litecoin (LTC), the world’s sixth largest cryptocurrency by market capitalization, fell to a fresh 2018 low on Wednesday.   Data from Bitfinex shows the cryptocurrency slipped to $97.04 today – the lowest level since Dec. 8 in 2017, reflecting a 74 percent decline since its all-time-high at $379 seen on Dec. 19. Further, …

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Coinrail, a crypto exchange based out of South Korea, said on Sunday its platform was hacked with cryptocurrencies that appeared to worth $40 million at the time of the event. According to Coinrail’s website, the exchange has already suspended its service to conduct system maintenance since it has suffered from what it calls a “cyber …

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New York Department of Financial Services superintendent Maria Vullo defended her office’s approach to regulating cryptocurrencies on Thursday. Speaking at the Center for Foreign Relation’s “Legal Tender? The Regulation of Cryptocurrencies” panel in New York on Wednesday, Vullo said that her view is “regulation in this space, just like any space where you have money …

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OKEx, the crypto-to-crypto trading platform launched by OKCoin, previously one of the major three exchanges in China, has rolled out a cryptocurrency exchange-traded fund. The new offering, though branded as OK06 Exchange-Traded Tracker (OK06ETT) according to an announcement on Tuesday, effectively represents a basket of crypto assets whose shares can be further traded as a …

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Bitcoin’s failure to scale the $10,000 mark and the following 19 percent slump did not bode well for the cryptocurrency markets last month. The total market capitalization of all cryptocurrencies fell to $304 billion on May 29 – the lowest level since April 13 and a drop of 26 percent for the month, according to …

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The cryptocurrency markets are set to end the second week of May on a low note. The total market capitalization for all cryptocurrencies fell below $400 billion for the first time since April 26 on Friday, and has dropped 15.97 percent week-on-week. As of writing, the combined market value stands at $385 billion and could see …

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Bitcoin and cryptocurrencies are poised to “fuel a potential new internet” even with a high level of volatility, said Alexis Ohanian, founder of the social media giant Reddit. Appearing as a guest at the Late Show with Stephen Colbert on Tuesday, Ohanian touted the idea of a digital currency acting as a “store of value not …

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There’s a man and a woman dancing beneath a lush wreath held up by four wands, crystals protruding from their tops. “It’s a good card to pull.” The Four of Wands. In front of me – my life – there’s good times, happiness, good fortune. Reading from an online tarot card symbology site, my friend …

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A representative for the company behind the long-in-the-making KODAKCoin initial coin offering (ICO) has accused a Hong Kong-based cryptocurrency exchange of “fraudulent” behavior by claiming that it will host the token sale. According to a page on the Hong Kong-based exchange LBank.io, the platform’s ICO section said it is about to open the KODAKCoin token …

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Two officials at the Commodity Futures Trading Commission (CFTC) spoke about regulating cryptocurrencies this week, stressing the need for cooperation between their agency and another powerful U.S. regulator, the Securities and Exchange Commission (SEC). Speaking at the FIA Law and Compliance conference in Washington, D.C., on Wednesday, commissioner Brian Quintenz spoke about “an effort that …

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Alternative cryptocurrencies shone brightly in April, as the markets regained poise following a miserable first quarter. In a sign of that recovery, the value of the total crypto market increased by 63 percent to $431 billion, according to CoinMarketCap, and as the final tallies prove, there were gains to be had for savvy traders willing …

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The CEO of Barclays says the U.K. banking giant has no immediate plans to launch a cryptocurrency trading desk. According to a report from the U.K media outlet Financial News on Tuesday, Barclays CEO Jes Stately made the comments in response to shareholders’ questions during the bank’s annual meeting. Staley said the bank has no …

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Singapore’s Intellectual Property Office announced an initiative to expedite the patent-granting process for fintech-related applications such as blockchain-based payments. According to a statement from the Office, the FinTech Fast Track initiative seeks to shorten that process from about two years to as little as six months. The program was announced during the 2018 World Intellectual Property …

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A key committee in Arizona’s House of Representatives has given its blessing to a bill that would clear the way for the state to accept cryptocurrencies as payment for taxes. The House Rules Committee voted to approve the measure – which as CoinDesk previously reported has been subject to revision – on Monday, ending what …

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Alternative cryptocurrencies shone bright this week, as the wider cryptocurrency market saw continued resurgence. The total market capitalization of all cryptocurrencies rose 25 percent week-on-week to $375 billion, according to CoinMarketCap – that’s up from below $250 billion just 10 days ago. But bitcoin, with 5.4 percent appreciation over the last seven days, ranks only third …

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The crypto market is finally showing signs of life after a painful first quarter. The total value of all cryptocurrencies, also known as total market capitalization, jumped above $300 billion on Thursday and was last seen at $325 billion, the highest level since March 26, according to CoinMarketCap. Also, the total market capitalization has jumped 31 …

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