A summary of select stories from the cryptocurrency and blockchain world during this week.
Bitcoin could not sustain the momentum it enjoyed when it shot up by nearly 10 percent on a single day last week. Since peaking at $3626 last Friday, the leading cryptocurrency by market capitalization shied away from the momentum over the week, and is back to another consolidation range below $3,600. The price has been drifting downward, though at a marginal speed, over the course of the week.
A federal judge placed an injunction against a crypto startup for making fraudulent offers of securities, reconsidering his previous order. U.S. District Judge for the Southern District of California, Gonzalo Curiel, placed a preliminary injunction against Blockvest LLC and its founder Reginald Buddy Ringgold, known as Rasool Abdul Rahim El, reversing a decision the court made last year on a comp
US investment bank JP Morgan announced the launch of its own cryptocurrency JPM Coin, becoming the first US bank to do so. The digital coin, issued on Quorum Blockchain, is designed to make immediate payments using blockchain technology between institutional accounts. According to the lender, the JPM Coin is not money per se. It is a digital coin representing U.S. Dollars.
Russia's Minister of Justice said there is no need to bring cryptocurrency under the purview of law since its use as a means of payment is prohibited by the Constitution. "Neither the Constitution nor the current legislation on the financial system categorically allows the use of cryptocurrency as a means of payment," said Alexander Konovalov, Russia's Minister of Justice, during the government h
Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
New Zealand police have given the green light to open a Christchurch-based crypto trading company that was forced to close after suffering a major hacking attack last month. Cryptopia had said on January 14 that it suffered a security breach that resulted in significant losses. The exchange has not disclosed the value of the losses, the tokens and currencies affected, or any measures to refund
The Nasdaq stock exchange will start providing real-time trading information about two cryptocurrencies - bitcoin core and ethereum - from February 25. The exchange had announced Monday that it partnered with New Zealand-based blockchain data and research firm Brave New Coin to send real-time Bitcoin and Ethereum index level information on the Nasdaq Global Index Data ServiceSM (GIDS) The Bitco
Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
Major US cryptocurrency exchange Coinbase announced that the users of Coinbase Wallet can now back up their encrypted private keys in their personal cloud storage on Google Drive or iCloud. The addition of the new feature will enable users to safeguard their funds even if they lose their device or misplace private keys.
Two public sector pension funds in Fairfax County, Virginia, have made the lion's share of their investment in a new $40 million cryptocurrency venture-capital fund. The Fairfax County Police and the Fairfax County Employees' pension plans are said to be the first to invest in crypto asset from a U.S. pension fund. Other entities that provided fund-raising support for the Morgan Creek Blockchain
Canadian crypto exchange QuadrigaCX, which owes its customers millions in cryptocurrencies following the unexpected death of its CEO, accidentally lost another C$500 thousand in bitcoin, according to a report by its court-appointed monitor Ernst & Young Inc. In an initial report published on Quadriga's progress, EY said that the company inadvertently transferred 103 bitcoins.
Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
Ethereum has risen back to No. 2 rank in the list of the world's largest cryptocurrencies by market capitalization, overtaking Ripple's XRP digital token. ETH edged past XRP by a slight margin, and currently has a market capitalization of $12.6 billion, according to the latest CoinMarketCap data. XRP is ranked third with a market cap of $12.38 billion. The cryptocurrency native to the ethereum
Bitcoin exchange-traded fund or ETF is virtually certain, but the only question is when, said Ric Edelman, founder of Edelman Financial Engines. He expressed confidence that in very short order VanEck or Bitwise, who already filed with the SEC for bitcoin ETF, will satisfy the custody concern to the SEC.