Crypto news

Kraken Cryptocurrency Exchange Adds Support For the Swiss Franc San Francisco-based cryptocurrency exchange Kraken is adding support for its latest fiat asset, the Swiss franc (CHF). According to a blog post on Dec. 5, Kraken said that in collaboration with Liechtenstein-based Bank Frick, the Swiss franc will join the roster of fiat currencies that Kraken

Pomp Joins Figure’s Board as Firm Completes $103M Funding Round California-based fintech company Figure Technologies has completed its $103 million funding round led by cryptocurrency asset manager Morgan Creek Digital. In conjunction with closing the Series C round, the blockchain-focused firm announced that Morgan Creek co-founder Anthony Pompliano had joined Figure’s board, according to a

This Cryptocurrency Seems Designed For A Post-State Society Upstart crypto company Saga wants to issue a new global currency on the blockchain. Just don’t call it a stablecoin. Saga’s SGA digital currency relies on an international reserve asset called Special Drawing Rights (SDR), which was introduced by the International Monetary Fund in 1969. This is

(Bloomberg) — The European Central Bank is willing to develop its own digital currency if the private sector can’t make cross-border payments faster and cheaper. In an internal document obtained by Bloomberg on Wednesday, the ECB argues that technological innovation is quickly transforming the way retail payments are made, including a decline in the use

Canadian Venture Capital Firm Secured $320 Million to Invest in Fintech Startups Portag3 Ventures, a Canadian venture capital (VC) firm, has closed a second fund with around $320 million to invest in fintech startup companies globally. On Dec. 3, TechCrunch reported that the VC company received final commitments from institutional and strategic investors totaling $320

Data Shows Crypto Exchange Volume May Not Equate to Website Traffic As a young industry, the cryptocurrency space has been like a revolving door, seeing numerous companies, projects and assets come and go with the wind. Crypto exchanges, in particular, have seen their fair share of changing tides. Outfits such as BitMEX and Binance have

Former CFTC Chair to Remain Focused on Crypto and Blockchain at New Law Firm Former United States Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo was hired as senior counsel at the New York-based law firm Willkie Farr & Gallagher. On Dec. 2, Reuters reported that Giancarlo in his new role at Willkie Farr &

Malta May Become Challenging to Crypto Exchanges Crypto exchanges may leave Malta, based on the latest predictions. The island country, compliant with EU law, is offering favorable regulations, and hosts some of the largest crypto market operators. But expectations arose of a stricter policy toward exchanges, with the potential that some firms will leave for

$50M of ETH Stolen, ‘Rare Opportunity’ for BTC: Hodler’s Digest, Nov. 25–Dec. 1 Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Crypto

Top-5 Cryptos This Week: ATOM, TRX, ADA, EOS, XMR This is the second year in a row that November has turned out to be the worst month for (BTC) of the year. In 2018, Bitcoin’s price had plunged 36.18%. While this year, the decline has been 17.51%. However, December is an important month to watch

Blockchain, Power and Politics: How Decentralization Engenders Freedom The 21st century world is connected, but not centered. These are both good things. Connections link people, cultures and ideas. Indeed, all the great advances in human history have been the result of social and economic networks. Without the trade routes of the Indian Ocean, the Islamic

Criminal Activity in Crypto: The Fact, the Fiction and the Context It’s the clichéd rhetoric of choice for anyone seeking to discredit crypto. An ace in the hole for any argument against its proliferation. The go-to thesis for those who know very little about cryptocurrency but wish to appear otherwise. The idea that cryptocurrencies are

© Reuters. If Bitcoin Price Drops — an Opportunity for Crypto Tax Planning After many countries around the world such as the United States, the United Kingdom, France, and Portugal published their own cryptocurrency tax guidelines this year, it is only reasonable they will expect to see an increase in crypto tax filing. They may

Block.One Joins EOS Elections as One Entity Allegedly Controls 6 Block Producers The centralization of has again emerged as a contentious issue within the cryptocurrency community, with the firm that created the EOSIO software, Block.One, participating in electoral procedures to choose the Block Producers for the EOS blockchain. On Nov. 28, EOS Block Producer EOS

KPMG Launches DLT Supply Chain Tool in Australia, China and Japan Big Four audit firm KPMG has officially launched a blockchain-based track and trace platform in Australia, China and Japan. Dubbed KPMG Origins, the tool is designed to increase transparency and traceability of processes in multiple industries such as agriculture, manufacturing and financial services, the

Binance to Launch Crypto Travel Rewards Card with Startup TravelByBit Major cryptocurrency exchange Binance announced in a blog post on Nov. 28 that it partnered with crypto travel startup TravelByBit to launch a rewards card that facilitates crypto payments on major travel websites. Per the announcement, the card will function like a traditional prepaid card

© Reuters. Crypto Markets Are Turning Green, Bitcoin Recovers Above $7,500 Wednesday, Nov. 27 — Crypto markets continue to improve, with (BTC) showing signs of recovery as it finds its way back above the $7,500 price mark. Bitcoin started the day at $7,190, at which point the world’s largest crypto coin found an intra-day low

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Cryptocurrency theft has surged in 2019 compared with last year, with more money flowing through digital exchanges and criminals looking to carry out bigger heists, according to a report from blockchain forensics company CipherTrace obtained by Reuters. Losses from digital currency crime soared to $4.4 billion in the

© Reuters. Market Mostly Trades Sideways as Bitcoin Price Hovers Around $7,200 Tuesday Nov. 26 — Most cryptocurrencies are back to trading sideways, including (BTC) which has not been able to find higher trading levels in the past 24 hours. Bitcoin started the day at the $7,140 price mark, at which point the world’s largest

Gate.io is not closing, and has not been hacked, the team decided to dispel recent fears. The exchange stated that recent rumors of closing services are false. Gate.io is one of the more prominent exchanges, offering price discovery mechanisms for multiple altcoins. The exchange hosts 400 trading pairs, and currently carries volumes above $42 million

Telegram’s founder and CEO Pavel Durov, as well as two other employees, should give testimony in the SEC vs. Telegram case, a judge has ordered. According to a document signed by District Judge P. Kevin Castel at the New York Southern District Court on Monday, Durov’s deposition should take place on Jan. 7 or 8,

BitTorrent Creator Calls Vitalik’s ASIC-Resistant Proof-of-Work ‘A Pipe Dream And a Bad Idea’ Bran Cohen, best known as author of the peer-to-peer (P2P) BitTorrent protocol, has responded to some of Vitalik Buterin’s opinions about the state of technology around cryptocurrencies. On Nov. 25, Cohen, also the current CEO of the Chia network, explained in a

Maker DAO Immediately Hurt by Ethereum (ETH) Price Crash Maker DAO was booming, with interest in DeFi increasing until mid-November. The practice of crypto-collateralized lending boomed at a time when (ETH) prices remained stable, and (BTC) appreciated. However, the recent market shakedown revealed the fragility of the DeFi sphere. ETH crashed from levels above $180,

© Reuters. Ethereum Falls 10% In Selloff Investing.com – was trading at $137.26 by 20:42 (01:42 GMT) on the Investing.com Index on Monday, down 10.29% on the day. It was the largest one-day percentage loss since September 24. The move downwards pushed Ethereum’s market cap down to $15.48B, or 7.99% of the total cryptocurrency market