Cryptocurrency exchange trading volumes are perhaps the best indicator of the industry’s health, serving as the strongest gauge of interest in cryptocurrencies and bitcoin. While the price of the world’s largest cryptocurrency continues to hover around $10,000, legitimate trading … | Continue reading
As much as $2.9 billion appears to have vanished in what could be one of the largest cryptocurrency exit scams to date, but the main suspects are still on the run and might have recently moved the swindled funds, according to cryptocurrency AML software provider CipherTrace and C … | Continue reading
A senior official at China’s central bank announced at the China Finance 40 Group meeting today that the country will soon roll out its central bank digital currency (CBDC.) Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People’s Bank of China (PBOC,) st … | Continue reading
This free preview of The Block Genesis is offered to our loyal readers as a representation of the valuable research our Genesis members receive daily. If you’d like to receive all Genesis content on our site and via daily newsletter, join today. A recent acquisition shows how San … | Continue reading
No-fee stock-trading startup Robinhood has received $323 million investment money in its newest funding round, Reuters writes. This brings the startup’s valuation to $7.6 billion, confirming earlier reports. Last year, Robinhood’s $363 million funding round brought its valuation … | Continue reading
This free preview of The Block Genesis is offered to our loyal readers as a representation of the valuable research our Genesis members receive daily. If you’d like to receive all Genesis content on our site and via daily newsletter, join today. Blockstack commenced the first SEC … | Continue reading
A draft discussion bill titled, “Keep Big Tech Out of Finance Act,” has surfaced ahead of Facebook’s slated congressional hearing this week. The bill aims to prevent tech colossuses from becoming financial institutions. It also seeks to prohibit these companies from “establishing … | Continue reading
The Securities and Exchange Commission (SEC) gave blockchain startup Blockstack the go-ahead today to conduct a $28 million digital token offering under Regulation A+, the first token offering of its kind ever approved by the SEC, according to the firm. The SEC has launched a ser … | Continue reading
If you haven’t heard of NEAR, it may be time to familiarise yourself. The blockchain-building firm has secured $12.1 million in its Series A from a small army of high-profile investors, including Pantera, Multicoin, ACapital, Coinbase Ventures, and Ripple’s Xpring. Notable angels … | Continue reading
After U.S. Rep. Patrick McHenry, senior Republican on the House Financial Services Committee, asked for a hearing on Project Libra in a letter to committee Chairwoman, U.S. Rep. Maxine Waters. Waters, a Democrat, has called for a halt in Facebook’s development of its cryptocurren … | Continue reading
Facebook has been quietly building out its cryptocurrency for over a year, and it looks like that time has been well spent, enlisting the support of some of the most prominent companies across payments, retail, and technology. As recently reported by The Wall Street Journal, Face … | Continue reading
India has proposed a draft bill banning cryptocurrency trading, which could impose severe criminal penalties for violations, Bloomberg Quint writes. If the ‘Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019’ becomes law, mining, generating, holding, b … | Continue reading
Facebook is creating an independent foundation to govern its cryptocurrency, according to a report by The Information. The social media giant has reached out to dozens of financial institutions and tech companies who contribute capital to the foundation and help manage the crypto … | Continue reading
The president and chief operating officer of cryptocurrency exchange Coinbase has departed the firm, the latest major exit from the San Francisco company, according to a source familiar with the situation. Asiff Hirji joined the company in December 2017 to help drive the firm’s … | Continue reading
This free preview of The Block Genesis is offered to our loyal readers as a representation of the valuable research and journalism our Genesis members receive daily. If you’d like to receive all Genesis content on our site and via daily newsletter, join today! Bitwise released a … | Continue reading
Facebook’s long-rumored stablecoin will be at the center of a brand new payments network, according to a report in The Wall Street Journal. Project Libra, as the blockchain initiative is called internally, will reportedly involve a stablecoin backed by government currency. A sour … | Continue reading
Breaker Magazine, the crypto publication tied to an entertainment studio of the same name, is shutting down, according to sources familiar with the situation. The publication was launched last year as an independent unit of SingularDTV, a self-proclaimed blockchain firm for the … | Continue reading
ErisX, the Chicago-based crypto exchange, is gearing up to launch its market for spot crypto trading, and it’s recently been in testmode with some prospective firms hoping to link up to its marketplace. TDAmeritrade is one of those firms, sources familiar with the situation tel … | Continue reading
A recent trend to gain momentum in the cryptocurrency space is PoS (Proof-of-Stake) networks. From Tezos to the recent arrival of Cosmos, and the anticipation of others like Polkadot, investors have been eager to provide capital toward the development of the alternative consensus … | Continue reading
Ted Livingston, the CEO of unicorn-valued social media startup Kik, announced this week he would fight the SEC’s claim Kin tokens qualify as an unregistered security. The SEC issued a Wells notice, documenting their intention to sue Kik, and in response, the company became one of … | Continue reading
The first thing to understand about cryptocurrency and blockchains is: this is not about technology. Satoshi Nakamoto deserves full credit for putting the pieces together. But all the technology in Bitcoin was old by 2008. All the parts were in place by 2001. Byzantine fault tole … | Continue reading
For many crypto enthusiasts, mid-2018 feels like a lifetime ago. In those heady days, crypto’s market capitalization stood at $300 billion; rumors swirled that bulge bracket investment banks such as Goldman Sachs were entering the market; and Intercontinental Exchange excitedly a … | Continue reading
Ethereum is by far the leading smart contract platform for developers. While the number of developers in the ecosystem is a topic of debate — estimates range from 250,000 to 350,000 — download data from popular development tools show that Ethereum continues to see increasing inte … | Continue reading
The Brave web browser is collecting money in the form of BAT (basic attention tokens) on your behalf! Surprise! Free money doesn’t sound too bad. But the second part is an issue. If you tell someone you are collecting money on my behalf that means someone could send you money thi … | Continue reading
ConsenSys, the Ethereum production studio, could be laying off as many as 50-60% of its employees, according to The Verge. Documents reviewed by The Verge show that the production studio is spinning out a large number of its spokes. Spokes are essentially startups incubated by Co … | Continue reading
BCT looked good on paper. It had an all-star team, a product that promised to give Bloomberg a run for its money – the aptly-named Blockchain Terminal, and funding to run a massive ICO campaign. The founder, a mysteriously well-capitalized investor, was zealously dedicated and h … | Continue reading
A group of researchers from the Northeastern University and the University of Maryland published a paper detailing their analysis of Ethereum’s contract topology. The researchers modify Ethereum’s geth client to log how users and contracts interact with one another. The researche … | Continue reading
Coinbase, the digital asset exchange, has stood out as a trustworthy marketplace among a crowded field of venues. It even calls itself “the most-trusted brand in the space” in its marketing materials. That trust has translated into more than 25 million users, according to some e … | Continue reading
According to The Block‘s sources, Bitfinex has paused all USD deposits and “expects the situation to normalize within a week”. In response to broad speculation around the company’s banking relationships and financial stability last weekend, the company had issued a press release … | Continue reading