The Latest Bitcoin News

August, 2018

  • 9 August

    Ledger Attracts Tech Giant Investors After Record Setting Year in 2017

    Ledger, the creators of the insanely popular Ledger hardware wallet are are preparing for another round of funding, this time in an effort to attract institutional investors. Ledger’s President, Pascal Gauthier revealed that, while their Series B funding raised in January of this year was aimed to attract Venture capitalists who can advise on their business, their newest round intends …

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  • 8 August

    VC Firm – Lightspeed Venture Partners to Invest $1.8 Bln in New Funds, Including Blockchain

    American VC Firm recently raised $1.8 billion, of which is plans to invest in a wide range of startups in many fields, one of which is blockchain. Lightspeed told Reuters that most of the funds – more than $1 bln will be allocated to more mature companies, but that leaves nearly $800 million that can potentially help build the Crypto …

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  • 7 August

    Goldman Sachs Considering Custody Offering for Crypto Funds

    Insiders reveal Goldman Sachs may offer a custody plan for cryptocurrency funds, according to a Bloomberg News report. Goldman would join a number of additional Wall Street firms considering such an offering. While no timeline has been provided by those who are familiar with the situation, a formal custody offering by Goldman Sachs would provide institutional credibility for bitcoin and …

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  • 6 August

    NYSE Owner, Microsoft, Starbucks, and Others Announce Bakkt Platform

    Intercontinental Exchange, Microsoft, Starbucks and other large companies are partnering to launch a new platform called Bakkt which will allow consumers and institutions to buy, sell, store and spend cryptocurrencies, by November. Notably, the Intercontinental Exchange Inc., who owns many large futures markets as well as the New York Stock Exchange (NYSE), aims to “create an open and regulated, global …

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  • 2 August

    Coinbase Rolling Out British Pound Support for UK-Based Customers

    Coinbase yesterday announced a roll out of services that support buying cryptocurrencies with British pounds (GBP) for UK-based customers. Services include faster payments with same day deposit and withdraw from Coinbase to British bank accounts. “Until now, the process of converting bitcoin, bitcoin cash, ethereum and litecoin into euros and then into pound sterling, via international bank transfer, took several …

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  • 1 August

    North Carolina’s Elections Board Denies Request to Accept Cryptocurrency as Donation

    North Carolina’s State Board of Elections and Ethics Enforcement denied the request by Emmanuel Wilder to be able to accept cryptocurrency as donations. Wilder, a Republican from Wake County running for the state House, made the request for formal guidance in accepting digital currencies for the first time in the state’s election. “I think having the option is important, not …

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July, 2018

  • 31 July

    Bitmain to Start Bitcoin Mining in Rockdale Texas’ Once Closed Alcoa Plant

    Bitmain Technologies will soon start a bitcoin mining operations in Rockdale, Texas. The Chinese-based company purchased a portion of an Alcoa aluminum smelting facility that closed a decade ago to work. The small town in Milam County, which sits about an hour northeast of Austin, appear eager for the new wave of technical jobs which are poised to come. The …

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  • 30 July

    Establishing Precedent: How to Reallocate Stolen Cryptocurrency

    In a groundbreaking ruling out of the Superior Court of Delaware last month, Elizabeth White, CEO of The White Company, was awarded $2.7 million resulting from two separate filed complaints. The White Company’s, a vendor of cryptocurrency exclusive luxury goods, CEO Elizabeth White filed two individual claims against Cointal, a cryptocurrency exchange, after one of its employees and the defendant …

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  • 27 July

    SEC Rejects Winklevoss’ Second Bid for Bitcoin ETF

    In now a second denial for Cameron and Tyler Winklevoss, the U.S. Securities and Exchange Commission (SEC) rejected their application for establishing a bitcoin ETF. In a three to one ruling, the commission cited the potential for market manipulation and a lack liquidity in denying their bid.   The proposal for the BATS BZX Exchange would have allowed the exchange …

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  • 26 July

    Chile Court of Appeals Orders Bank to Resume Business With Crypto Exchange

    The Chilean Court of Appeals recently ruled in favor of crypto exchange Orionx, stating that the Chilean state-owned bank, Banco Estado should reopen the exchange’s account. The court accepted the appeal filed by Orionx against Banco Estado, who closed the company’s account in late March, citing a “lack of regulatory recognition of cryptocurrency trading” as its justification. Within the ruling …

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  • 25 July

    CoinDesk Releases Quarterly Blockchain Report

    CoinDesk today released their State of Blockchain Q2 2018 report which details key industry trends and events which occurred during the second quarter of this year. In a general summary of their own report they find: “To use crypto parlance, the second quarter was a painful time if you were HODLing – but a productive one if you were BUIDLing.” …

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  • 24 July

    South Korea’s Financial Services Commission Announces Cryptocurrency Division

    In a press release dated July 17th the Financial Services Commission (FSC), South Korea’s financial regulator, announced an organizational initiative to better protect consumers and leverage emerging financial technology in forming the Financial Innovation Bureaus: “Reorganize the Financial Services Commission to strengthen the financial consumer protection function and effectively respond to financial innovations resulting from the Fourth Industrial Revolution “ …

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  • 23 July

    Robinhood Adds Support for Litecoin, Bitcoin cash to its Zero-Fee Crypto Trading Platform

    Robinhood, the popular financial services app, just recently added support for Litecoin and Bitcoin Cash for its Crypto Platform according to their July 12 blog post. They noted that they are planning to further expand their offerings as well as add support for coin transfers, meaning that you can potentially deposit cryptocurrency into their exchange to withdraw, reinvest into stocks …

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  • 19 July

    World’s Largest Asset Manager, BlackRock, Exploring Blockchain & Cryptocurrency Technology

    London’s Financial News reported on Monday that the world’s largest asset manager BlackRock, responsible for $6.3tn in investments, set up a working group to investigate ways to take advantage of the emerging blockchain and cryptocurrency space. This report was then confirmed by BlackRock CEO Larry Fink in an interview with Reuters News: “We are a big student of blockchain,” Fink …

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  • 18 July

    Schnorr: Potentially The Next Big Change to Bitcoin Since SegWit

    Influential developer Pieter Wuille recently proposed a consensus change for a new signature type for bitcoin transactions called Schnorr to the Bitcoin Improvement Proposal (BIP) Github. The 64-byte Schnorr signatures would be used over the elliptic curve secp256k1 to sign transactions.   This upgrade would be the biggest to bitcoin since Segregated Witness (SegWit), though small upgrades occur everyday. It …

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