Category Archives: Crypto News

$5.7 Trln Investment Company BlackRock: Cryptocurrency Will Be ‘Widely Used’ In Future

The world’s biggest investment firm BlackRock has said cryptocurrency will be “more widely used” in the coming years. The world’s largest investment company BlackRock has continued its bullish forecast for cryptocurrency, saying it sees “wider use” in the future in its weekly commentary report released Monday, Feb. 26. The investment management giant with $5.7 trln in assets under its control said that it would take time for cryptocurrency’s volatility to dissipate so it could enter traditional investment portfolios. “Our bottom line: We see cryptocurrencies potentially becoming more […]

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Taiwanese Central Bank Sees Future In Blockchain For Payment Systems

The new governor of Taiwan’s central bank, Yang Chin-long, said in his welcome speech that the bank will be willing to explore Blockchain technologies. Yang Chin-long, the new governor of Taiwan’s central bank, indicated in a speech yesterday, Feb. 26, that the bank would be open to exploring Blockchain technologies. At the end of January, Taiwanese capital Taipei had announced that they intended to turn into a ”smart city,” utilizing Blockchain for providing technological advances like pollution sensors and health history tracking to citizens by partnering with […]

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Israeli Supreme Court Prohibits Banks From Restricting Crypto Activity In Landmark Decision

Israel’s Supreme Court has ruled yesterday that banks cannot limit the activity of bank account associated with the crypto industry. Israel’s Supreme Court has issued a temporary court order prohibiting Leumi Bank from restricting the banking activity of crypto broker Bits of Gold, Finance Magnates reported yesterday, Feb. 26. The Supreme Court’s decision, that has been described as “precedent-setting,” means that banks in general cannot limit accounts associated with the crypto industry. In June 2017, the district judiciary court in Tel Aviv had supported Leumi Bank when […]

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Crypto VC Firm Digital Currency Group Invests $114 Mln In Pro-Crypto Silvergate Bank

Cryptocurrency venture capital firm, the Digital Currency Group, has tweeted an announcement of their investment in the crypto-friendly Silvergate Bank. The Digital Currency Group (DCG), a cryptocurrency venture capital firm, has reported they have invested in the Silvergate Capital Corporation, which contains the crypto-friendly Silvergate Bank, in a tweet yesterday, Feb. 26. We are thrilled to welcome Silvergate Bank to the DCG family of companies https://t.co/gglkakVlpa — DigitalCurrencyGroup (@DCGco) February 26, 2018 The Silvergate Capital Corporation had posted on its site yesterday, without disclosing the investors, that […]

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China’s Top Retailer Launches Startup Incubator To Lure Foreign Blockchain Projects

The largest retailer in China has launched a Blockchain startup incubator, attracting four overseas companies to Beijing. China’s largest online and brick and mortar retailer JD.com announced the first four startups for its Al Catapult Blockchain incubation program in a press release published Tuesday, Feb. 27. The Beijing-based program, which has seen candidates from as far afield as Australia and the UK, aims to use the company’s vast Chinese infrastructure to arrive at new applications of Blockchain and artificial intelligence (AI), according to the press release. JD […]

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Why Is the Cryptocurrency Market So Volatile: Expert Take

Four years of volatility in the stock market can be covered in a month by cryptocurrency pricing movements. In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to a.mcqueen@cointelegraph.com. Last year was the least volatile in […]

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Bitcoin Experiences Another Decline

Despite having shown signs of improvements, the world largest cryptocurrency in terms of market cap continued to fall over the weekend, coming below the $10,000 mark. As this goes on, the government of Uzbekistan has declared its plans to support the virtual currency. The Current Fate of Bitcoin Up to Friday of 23rd February 2018, Bitcoin had shown great potential for improvement after weeks of downfalls and uncertainties. But all that would take a sudden twist on the late night of Saturday, 24th February 2018. Bitcoin, which […]

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, Feb. 26

Top 9 cryptocurrency prices analyzed. 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. Goldman Sachs funded, Circle, a cryptocurrency-focused financial-services firm, has purchased the US-based cryptocurrency exchange Poloniex for $400 million. This shows that large financial institutions are looking for opportunities to grow business in the crypto world. […]

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Self-Proclaimed ‘Satoshi’ Craig Wright Sued For $10 Billion

The self-proclaimed ‘Satoshi Nakamoto,’ Craig Wright is being sued for $10 bln by deceased business partner’s brother. Chief scientist of nChain and self-proclaimed mind behind the Satoshi Nakamoto pseudonym, Craig Wright, is being sued for $10 bln. The suit is brought to the United States District Court of the Southern District of Florida by Ira Kleiman. Ira is the brother of the late David Kleiman, a computer scientist and cyber-security expert, whom many suspect to have been one of the developers behind Bitcoin and the Blockchain technology. […]

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Uzbekistan Will ‘Regulate’ Cryptocurrency After September 2018

Cryptocurrency regulation is coming to Uzbekistan after September this year, with a Blockchain push in July. Uzbekistan will publish its plans to regulate Bitcoin in September 2018, with a Blockchain “skill center” set to begin operating in July, local news outlet Vzglyad reported Feb. 21. According to local news, the country’s president Shavkat Mirziyoyev endorsed plans for a document outlining regulatory plans for Bitcoin, cryptocurrency and Blockchain technology. The legislative proposals will come courtesy of a number of government ministries and the central bank, as well as […]

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