Category Archives: Crypto News

Sealing the Deal: The Rise of Blockchain-Powered Trade Finance Platforms

Despite being developed by governments and banks, these blockchain-based solutions promise to create opportunities for many. Although they don’t hold the same disruptive promise of radical decentralization as do their permissionless counterparts, private blockchains that governments and corporations run are still capable of transforming entire sectors of the world economy. Global trade has long been viewed as one of the most conspicuous areas for instrumental application of distributed ledger technology (DLT), with both trade finance and supply chains relying on antiquated, unreliable systems of record keeping and […]

More info

BitFunder Founder Pleads Guilty to Charges of Fraud and Obstruction of Justice

The founder of BitFunder has pleaded guilty to federal charges of defrauding investors and forging data regarding the 2013 BitFunder hack. The operator of now defunct Bitcoin (BTC) stock exchange BitFunder has pleaded guilty to federal charges of obstruction of justice and securities fraud, Reuters reports July 23. According to prosecutors, 37-year old Jon Montroll, also known as Ukyo, also pleaded guilty to obstruction of justice, admitting that he provided false balance statements to the U.S. Securities and Exchange Commission (SEC) in an investigation of the fake […]

More info

Bank of Canada Study Finds 58% of Canadians Own BTC for Investment Purposes

A Bank of Canada report says that 58% of Canadians use Bitcoin for investment purposes, while only 6 percent use it for payment. Canadian citizens used Bitcoin (BTC) mainly for investment purposes in 2017, according to a study by the Bank of Canada (BoC) published July 23. The study is an update to the results of the Bitcoin Omnibus Survey (BTCOS) conducted by Canada’s central bank within a short period between December 12 to 15, 2017, a few days before Bitcoin reached its all-time high of 20,000 […]

More info

Google to Offer Distributed Ledger Solutions in Cloud Platform Marketplace

Google has partnered with two New York-based blockchain firms to offer DLT solutions on Google’s Cloud Platform. Google is joining the list of tech giants to deploy blockchain technology to offer customers fintech and cloud service solutions, according to an official statement Monday, July 23. Google announced that the company has partnered with two blockchain-focused firms, Digital Asset and BlockApps, to offer new distributed ledger technology (DLT) solutions on Google’s Cloud Platform (GCP), which would allow users to “explore ways [customers] might use distributed ledger technology frameworks.” […]

More info

Seven Stars Cloud Partners with China VC Research Institute to Expand Tokenized Assets

Global fintech firm Seven Stars Cloud has partnered with the China Venture Capital Research Institute to extend its blockchain-powered asset digitization services. Seven Stars Cloud Group, Inc. (SSC), a global fintech firm focused on blockchain and AI-powered digital asset management, has partnered with the China Venture Capital Research Institute (CVCRI), according to a press release published July 23. The partnership will purportedly help SCC extend its to extend its asset digitization services. The new partnership will enable SSC to create a fully-compliant digital asset ecosystem, with “blockchain-enabled […]

More info

Encrypted Email Service ProtonMail Confirms Potential ICO, Calls It ‘Not a Cash-Out’

Privacy-focused encrypted email service ProtonMail is considering launching an ICO “within the year”. Encrypted email service ProtonMail is “considering” launching an Initial Coin Offering (ICO), the company’s CTO Bart Butler confirmed to Cointelegraph in a statement today, July 23. Butler also wrote on Twitter today –– in response to commentators mostly negative speculation about the company running an ICO based on a job listing –– that the company is “exploring issuing a token as an alternative to traditional VC funding.” The service’s potential crypto token is evidently […]

More info

Bitcoin Builds on Recent Gains, Pushing $7,750 While Major Altcoins See Losses

Bitcoin (BTC) continues to build on recent gains, pushing $7,750, while most major altcoins are seeing losses of between 1 and 5 percent on the day. July 23: Following a major upswing that kicked off on July 16, Bitcoin (BTC)’s price performance has diverged from other top cryptocurrencies. As Coin360 data shows, the top coin continues to build on its recent gains, while most major alts are struggling to maintain positive momentum. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,740, up 3.17 percent over the […]

More info

Chinese City of Nanjing Launches $1.5 Billion Fund for Local Blockchain Projects

Nanjing, the capital of China’s Jiangsu province, has launched a $1.48 billion blockchain investment fund to promote public blockchain projects. Nanjing, the capital of China‘s Jiangsu province, has launched a 10 billion yuan ($1.48 billion) investment fund for blockchain development, ZDNet reports July 23. Nanjing unveiled the major new fund at the inaugural Industrial Public Chain Summit (IPCS), together with the Zhongguancun Blockchain Industry Alliance –– a Beijing-based alliance of enterprises and government research institutes. Among the high-level regional government officials reportedly in attendance at ICPS was […]

More info

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 23

Some altcoins are falling even as Bitcoin is experiencing a rally – what is the reason for the increasing BTC dominance? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Why are the altcoins falling even as Bitcoin is finally on the rise? After an extended decline, the bottom […]

More info

Bitcoin’s Portion of Total Crypto Market Cap Hits Highest Level Since December

Traders are rejoicing as Bitcoin regains its biggest share of the cryptocurrency market since last year. Bitcoin’s (BTC) dominance by market capitalization in the total crypto market posted its highest level in 2018 July 23, passing 46 percent for the first time. According to data from CoinMarketCap, Bitcoin dominance — defined as the percentage of the total market cap of all cryptocurrencies that is Bitcoin’s market cap — currently constitutes 46.5 percent, a level last seen on December 22, 2017. At the time, Bitcoin was trading just […]

More info
1 132 133 134 135 136 374