Cryptocurrency News


circle-goldmansach-051618.jpg Cryptocurrency startup Circle Internet Financial Ltd, which is backed by Goldman Sachs, closed a $110 million Series E fundraising round led by Chinese bitcoin mining giant Bitmain Technologies Ltd. The financial technology startup is now worth about $3 billion. The mobile payments and cryptocurrency...

bitfinex-connamara-051618.jpg Crypto exchange Bitfinex has partnered with software company Connamara to launch an open-source Financial Information eXchange or FIX, digital asset gateway for institutional traders aiming to enter the digital asset markets. FIX is an industry standard electronic communications protocol that facilitates data transfer between financial institutions.

maximalist2-051518.jpg A Bitcoin maximalist is someone who does not attach much value to altcoins. They believe Bitcoin is the original and only cryptocurrency and other cryptocurrencies are fake. They refuse to accept that there can be cryptocurrencies that are better than Bitcoin, especially in terms of cost and speed.

crypto-roundup-051518.jpg Bitcoin and its peers were in the red Tuesday morning after a rebound a day earlier. Market sentiment may have been hurt by comments from St. Louis Fed chief that cryptocurrencies cannot challenge the dollar supremacy and the news that Microsoft banned crypto ads on one of its advertising platforms.

seminolecounty-greenberg-taxcollection-051518.jpg Florida's Seminole County has partnered with bitcoin payment service provider BitPay to start accepting cryptocurrencies such as Bitcoin (BTC) and Bitcoin Cash (BCH) for payment of taxes and other services starting this summer. It is probably the first U.S. government agency to accept cryptocurrency.

jamesbullard-051518.jpg James Bullard, the head of the Federal Reserve Bank of St. Louis, has insisted on dollar's supremacy over emerging cryptocurrencies. In an interview on the sidelines of the Consensus 2018 conference in New York, he expressed confidence that the dollar is not threatened by cryptos. "The drift to a nonuniform currency could become a serious issue for the U.S. if cryptocurrencies take up a large vo

bing-ads-crypto-051518.jpg Microsoft has decided to disallow advertising for bitcoin and other cryptocurrency, cryptocurrency related products, and un-regulated binary options on Bing Ads, the advertising arm of its search engine Bing. The ban will be in place from late June or early July.

south-korea-crypto-fsc-051518.jpg South Korean financial regulators are tightening the noose on the country's cryptocurrency exchanges. In the latest move, Financial Services Commission (FSC) has announced that it is widening its investigation into the cryptocurrency exchanges' use of corporate accounts, which the regulators say, can lead to money laundering. "Following a request by the Financial Supervisory Service (FSS) and t

cme-crypto-051518.jpg Futures exchange CME Group has joined with Crypto Facilities Ltd, a cryptocurrency trading platform, to launch two indexes to track Ethereum, the second-largest cryptocurrency as per market capitalization. In a statement, the companies announced the launch of CME CF Ether-Dollar Reference Rate and CME CF Ether-Dollar Real Time Index.

zcashgemini-051418.jpg Winklevoss brothers have announced that they will start accepting Zcash deposits on May 19, and trading on their Gemini exchange on May 22. Zcash, a "privacy coin" with a total market valuation of over $1 billion, is vying with Monero to become the dominant privacy-focused cryptocurrency. Gemini president Cameron Winklevoss said it received approval from the New York Department of Financial Serv

cryptocurrency-roundup-051418.jpg Bitcoin and its peers started the week in red extending the sluggishness witnessed for the large part of last week, but recovered shortly afterwards. In news, two major banks successfully carried out a trade finance transaction using blockchain. Here is a wrap of the main news from the cryptocurrency and blockchain space over the past few hours.

cryptolexicon-ath-051418.jpg ATH is short for All Time High. This is the highest price that a cryptocurrency has attained thus far. The price can either climb from ATH to set new highs or drop sharply due to profit-booking by crypto traders.

zimbabwe-ban-crypto-051418.jpg The Reserve Bank of Zimbabwe (RBZ) has banned all banks and financial institutions in the African nation from transacting in bitcoin and other virtual currencies. They have been given 60 days to fall in line with the rule. The RBZ noted that the major cryptocurrency exchanges facilitating the trade of virtual currencies in Zimbabwe are Bitfinance (Pvt.) Ltd. (Golix) and Styx24.

crypto-weekly-051118.jpg At the start of the week, cryptocurrencies gave up the strong gains made during the previous week, as markets waited for news from a rumored regulatory hearing on Ethereum. But the hearing never happened, and market sentiment recovered gradually, but weakened again mainly due to the FUD. Here is a collection of the main stories from the world of cryptocurrency and blockchain this week, thus far.

crypto-roundup-051118.jpg Bitcoin was lower by more than 7 percent Friday morning and was expected to break below $8,600, despite some highly bullish predictions for the top cryptocurrency. Sentiment was hurt by the news that authorities raided South Korea's biggest crypto exchange over suspected fraud. The Bitcoin price is expected to recover after the Blockchain Week New York that begins on Friday.

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