Cryptocurrency News


huobicryptocurrencies-may16.jpg Cryptocurrency exchange Huobi Group launched a regulated, over-the-counter or OTC trading desk for both institutional and individual clients with large trading volumes. Huobi OTC Desk, the new OTC crypto trading platform, is built on Distributed Ledger Technology or DLT license issued by Gibraltar Financial Services Commission or FSC. The service is not intended for users in the United States.

cryptopia-jan16_16may19.jpg New Zealand's cryptocurrency exchange Cryptopia, which lost millions of dollars in hack, suspended its trading. The company announced that investigations are going on, and that it is in the process of liquidation. In a blog post, the exchange said David Ruscoe and Russell Moore from Grant Thornton New Zealand were appointed as its liquidators, who are securing the assets for all stakeholders.

crypto-may15.jpg A summary of some of the select stories on cryptocurrency and blockchain during the past 24 hours.

bitgo-051519.jpg U.S.-based digital asset financial services firm BitGo is set to offer off-chain clearing and settlement service for clients of qualified custodian BitGo Trust Co. The service is offered to OTC desks, single dealer platforms, exchanges, asset managers, and broker-dealers. The off-chain process could be a boon for institutional investors as its riskless, efficient, and compliant.

coinbaseholds-april03_15may19.jpg US cryptocurrency exchange Coinbase expanded its crypto-to-crypto trading service to 50 more countries. Direct trading between cryptos is currently becoming more popular than fiat-to-crypto trading. The 50 new countries include Bahrain, Brazil, South Africa, Taiwan, Bahamas, Costa Rica, Ghana, Kenya, Kuwait, Jordan, Kazakhstan, Mauritius, Mongolia, Oman, Turkey, Uganda and Uruguay.

bitwisefiles-jan11_15may19.jpg The United States Securities and Exchange Commission has again delayed taking a decision on bitcoin exchange-traded fund or ETF application by Bitwise Asset Management. The regulator requested public comments to determine whether to approve or disapprove the proposed rule change related to the listing and trading of shares of the bitcoin ETF, as modified by amendment on May 7.

bitconshoots-may14.jpg Bitcoin, which is on a strong recovery path from its 2018 lows, has broken another important benchmark by shooting above $8000 late Monday. The price reached $8291 in the early hours of Tuesday, a high not seen since May 20, 2018. The most popular cryptocurrency was trading at $8,170 on Coinbase as of this writing. A massive trade volume also was reported in the past 24 hours across exchanges,

crypto-may14.jpg A summary of some of the select stories on cryptocurrency and blockchain during the past 24 hours.

flexa-spend-051419.jpg Crypto-payments network Flexa launched a new app called SPEDN to spend in cryptocurrencies to buy products from select retail outlets in the U.S. The app was launched on the first day of the Consensus conference in New York on Tuesday. The use of cryptocurrency for purchases is expected to cut processing cost, eliminate fraud, and preserve privacy.

cryptomoney-may14.jpg A large-scale cryptocurrency money laundering ring in Spain has been dismantled in a joint operation by Europol and Spanish law enforcement authorities. Eleven vehicles, EUR16800 ($18871), around 200 cannabis plants, two crypto ATMs, computers, devices, jewels and relevant documents were seized. The authorities froze several bank accounts, four cold wallets and 20 hot wallets, to which EUR9 milli

bakkt-may14.jpg Bitcoin futures exchange Bakkt said it would start testing physically-settled bitcoin futures contracts in July. As detailed in the ICE Futures U.S. filing with the U.S. Commodity Futures Trading Commission (CFTC), bitcoin futures will be listed on a federally regulated futures exchange in the coming months. "In conjunction with our exchange and clearing partners at ICE, we'll be working with our

michael-terpincrypto-may13.jpg Michael Terpin, a US blockchain and cryptocurrency investor, won $75.8 million in a suit against a man who defrauded him of cryptocurrencies through SIM swapping, Reuters reported. The case was against Nicholas Truglia, 21, who was allegedly part of a scheme that defrauded Terpin of digital currencies. The California Superior Court ordered Truglia to pay the amount in damages.

crypto-may13.jpg A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

curv-munichre-051319.jpg Cloud-based crypto-wallet Curv announced a cryptocurrency insurance partnership with Germany-based reinsurance firm Munich Re to cover up to $50 million of digital assets for customers of its institutional wallet service. New York-based startup Curv uses a cryptographic mechanism based on its proprietary multi-party computation (MPC) protocols that eliminates the private key altogether.

bitcoincrosses-may13.jpg Bitcoin's dream run to better heights continued at the weekend and reached its highest level since August 2018 - $7516 - on Sunday. It was also the top price of the year. The quick rise began late Friday when Bitcoin was trading at $6300, and within 11 hours the most popular cryptocurrency shot up by more than $1200, or 20 percent. Although BTC pulled back briefly, it started climbing back late

Follow RTT