Adding Ethereum Classic Support to Coinbase

  We are pleased to announce our intention to add support for Ethereum Classic (ETC ) to Coinbase in the coming months. We are announcing this both internally and to the public consistent with our process for adding new assets . Per this process, we will now begin the engineering work (Step 4) for supporting Ethereum Classic. As part of this p...
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Crypto Exchange Binance to Offer Fiat-Crypto Trading via Malta-Based Platform

  Crypto exchange Binance announced plans to allow fiat-crypto trading this year through a separate Malta -based exchange, a Binance representative told Cointelegraph today, June 11. Binance is currently the second largest cryptocurrency exchange by 24-hour trading volume , seeing about $1.5 bln in trades on the day to press time. While Bloomb...
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The entrepreneur’s guide to the South Korean tech ecosystem

  Even though some people might have a hard time pointing out South Korea on a map, almost everybody knows South Korean companies like Samsung and LG — but they aren't the only noteworthy companies in the country. Many other interesting companies play an important role in the South Korean tech scene, and it's hard to discuss one's business exp...
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Bitcoin’s $30 billion sell-off: insights from crypto money supply analysis

Key findings As reported by the Financial Times , we apply concepts of money supply to bitcoin to better understand the crypto-economy. This enables us to classify bitcoin users into speculators, services, investors and lost bitcoin. We find that: Long term investors sold $30 billion of bitcoin to new speculators between December 2017 and April 201...
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Governor of Connecticut Signs Blockchain Working Group Bill Into Law

  Connecticut governor Dannel Malloy signed SB 443 into law, which establishes a blockchain working group to study the technology, according to public documents June 6. The working group is also tasked with shaping a plan to "[foster] the expansion of the blockchain industry in the state." The bill accordingly passed both legislative houses la...
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Binance, NEO Lead $12 Million Investment In AngelList Crypto Spin-Off Republic

  Invented to democratize access to funding, it could be argued the crypto token hasn't quite lived up to its goal. Already gone are the days when any investor could get access to the next big offering (most early issuances, it seems, are now catering to the same stable of Silicon Valley VCs). But one new project is looking to right the narrat...
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Bank of Italy Deputy Governor: Gov’t Cryptocurrencies Can Save EU up to €76 Bln

  Fabio Panetta, deputy governor of the Bank of Italy, gave a keynote address focused on central bank digital currencies (CBDCs) at the SUERF/BAFFI CAREFIN Centre Conference in Milan Thursday, June 7. Unlike cryptocurrencies - "a liability belonging to nobody" - the deputy governor stressed from the outset that a CBDC would be a liability of t...
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Third Largest Crypto Exchange Huobi Creates New Platform in US

Huobi, the world's third largest crypto exchange by trade volume, has created a new digital currency trading marketplace in the US , Financial Magnates reports Friday, June 8th. The platform comes via a newly created San Francisco-based company called HBUS , which, as stressed in a Medium post earlier this week: "...is not an "arm," "subsidiary," "...
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Thailand’s Central Bank Eyes Creating Its Own Digital Currency for Interbank Settlements

  The Bank of Thailand (BoT) is considering issuing its own cryptocurrency , the bank's governor revealed in a speech June 5. In his keynote on Thai economic development at Nomura Investment Forum Asia (NIFA) in Singapore, BoT governor Veerathai Santiprabhob spoke of a new project in which the central bank and other Thai banks join forces to d...
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Investment Firm VanEck Attempts New Bitcoin ETF Filing, Aims at Institutional Players

  VanEck and SolidX Partners Inc. have filed a request to list a Bitcoin-based exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), Bloomberg reports June 6. VanEck is an NYC-based investment management firm with $38 bln under management and SolidX is a provider of blockchain software development and financial ser...
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Chinese Central Bank Develops Blockchain System to Digitize Paper Checks

  The People's Bank of China (PBoC) has revealed a blockchain -powered system to digitize paper checks, local media Financial News reports June 5. The system aims combat financial fraud as well as reduce expenses for printing checks. According to Di Gang, an official at the bank's digital currency research department, the platform comes after ...
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Swiss Bank Becomes First in Country to Offer Business Accounts to Crypto Companies

Hypothekarbank Lenzburg has become the first bank in Switzerland to provide business accounts to blockchain and cryptocurrency companies, Cointelegraph auf Deutsch reported June 6. While Falcon Private Bank has provided crypto asset management services since last year, Hypothekarbank Lenzburg CEO Marianne Wildi confirmed that they are first bank in...
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Coinbase Acquires Financial Services Firm to Become SEC-Regulated Broker Dealer

  Leading US cryptocurrency trading platform Coinbase initiated the process to become a fully regulated broker dealer by the US Securities and Exchange Commission (SEC). According to an announcement published June 6, this is made possible by the acquisition of securities dealer Keystone Capital Corp. in addition to Venovate Marketplace, Inc., ...
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SEC Chairman Jay Clayton Says Bitcoin Not a Security, Most ICOs Likely Are

  Jay Clayton, the chair of the US Securities and Exchange Commission ( SEC ), believes that Bitcoin (BTC) is not a security since it acts as a replacement for sovereign currencies, CNBC reports today, June 6. Clayton, when speaking about the "incredible promise" of distributed ledger technologies driving efficiencies in markets, clarified dur...
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‘WE THINK IT IS GOING TO EXIST FOREVER’: SUSQUEHANNA OPENS BITCOIN TRADING DESK

  US financial company Susquehanna International Group announced it will offer Bitcoin trading to 500 clients following two years of offering the cryptocurrency in "private deals," the New York Times reports. CRYPTO ASSETS WILL 'CHANGE FINANCIAL SERVICES' Susquehanna International Group , an international trader which has headquarters in Penns...
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Crypto Exchange Huobi to Bankroll Own Blockchain With $100 Mln Dev Fund

  Huobi, is announcing the launch of its new public blockchain , the Huboi Chain Project (HCP), the company's spokesperson told Cointelegraph. As of press time, Huobi is the world's third largest digital currency exchange by trade volume, according to Coinmarketcap . In order to create the new blockchain, Huobi will fund the Huobi Chain Superh...
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South Africa’s Central Bank Pilots Tokenized Fiat Interbank Payment System

  South Africa's Central Bank (SARB) has successfully piloted a Proof-of-Concept (PoC) for an interbank payment system that tokenizes fiat using Quorum , according to an SARB press release published June 5th. Quorum is an Ethereum -based private blockchain. According to SARB's report on the pilot, dubbed 'Project Khokha,' all of the bank's goa...
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Coinbase Wants to Pounce on Another Cryptocurrency Paradise: Japan

Coinbase Inc., the operator of the largest U.S. cryptocurrency exchange, is setting up shop in Japan, where much of the world's bitcoin trading takes place. The San Francisco-based company named Nao Kitazawa, a former Morgan Stanley banker turned fintech executive, as its new Japan CEO. Coinbase said it is working with Japanese regulators to ensure...
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What is Bitcoin?

  To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of ba...
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Coins, Tokens & Altcoins: What’s the Difference?

  This article explores the subtle differences between cryptocurrency coins and tokens, and why the term "cryptocurrency" is a misnomer. Cryptocurrencies can be extremely hard to wrap our heads around, especially since their underlying technology – the Blockchain – is shrouded in computing language and terminology that is technical in nature. ...
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