Category Archives: Crypto News

Celsius Network to Manage Funds for United Nations Initiative

The Celsius Network has become a founding member of the SDG Impact Fund within the United Nations’ Sustainable Development Goals initiative. Decentralized lending and borrowing platform Celsius Network will manage the Sustainable Development Goals Impact Fund (SDG Impact Fund) within the United Nations’ Sustainable Development Goals initiative, according to a press release published September 21. The Sustainable Development Goals is an international program focused on bringing a “better and more sustainable future for all.” It addresses global challenges such as poverty, inequality, climate change, environmental degradation, prosperity, […]

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South Korean Gov’t Pledges Support for Blockchain Startups to Facilitate Industry Growth

The South Korean government has pledged support for blockchain companies to speed up the growth of the industry in the country. The Korean Ministry of Science and Information Communications Technology (MSICT) has pledged further support to facilitate the growth of the domestic blockchain industry, Business Korea reported September 21. Second Minister of Science and ICT Min Won-ki held a meeting with blockchain startups as part of the government’s effort to establish contact with organizations in what it has dubbed the 10 key ICT sectors of the Fourth […]

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Largest Brazilian Brokerage to Launch Exchange for Bitcoin and Ethereum

The biggest brokerage firm in Brazil, Grupo XP, is planning to launch a crypto exchange in the coming months. The largest brokerage in Brazil will enter the crypto space by launching an exchange for Bitcoin (BTC) and Ethereum (ETH) in the near future, Bloomberg reported September 21. Chief Executive Officer of Grupo XP Guilherme Benchimol told Bloomberg that the company will launch an exchange called XDEX in the coming months, with around forty employees. Grupo XP is the biggest financial group in Brazil, comprising companies with various […]

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US Congressman to Introduce Bills Supporting Blockchain Technology, Cryptocurrencies

U.S. Congressman Tom Emmer will introduce three bills to support blockchain and digital assets in the country. U.S. Rep. Tom Emmer (R-MN) is planning to introduce three bills to support blockchain technology and cryptocurrencies, according to a press release published September 21. The three upcoming bills are entitled the “Resolution Supporting Digital Currencies and Blockchain Technology,” the “Blockchain Regulatory Certainty Act,” and the “Safe Harbor for Taxpayers with Forked Assets Act.” The legislation is focused on the support and development of blockchain technology, as well as the […]

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Report: Hong Kong Stock Exchange Eyeing Blockchain Firm Acquisitions

Insider sources have suggested that Hong Kong Stock Exchange (HKEX) is eyeing takeovers in the blockchain and other tech sectors in a bid to boost it’s revenue sources. Insider sources have suggested that the Hong Kong Stock Exchange (HKEX) is eyeing takeovers in the blockchain and other tech sectors, according to a Bloomberg article published September 21. Bloomberg cites “people with knowledge of the matter” as saying that the exchange is considering a change in strategy due to stalling trading links with exchanges in China, citing worsening […]

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Point72 Exec Leaves the Firm to Launch Crypto Hedge Fund in October

Travis Kling has left Point72 Asset Management to start his own digital assets fund in the beginning of October. Former equities portfolio manager Travis Kling has left billionaire Steven Cohen’s Point72 Asset Management to launch his own digital assets fund, Bloomberg reported September 21. Point72 is an asset management firm founded in 2014 as the successor of investment company SAC Capital Advisors. The latter pleaded guilty to federal insider trading charges and paid a $1.8 billion fine. Point 72 has offices in New York City, Hong Kong, […]

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Lambos, Bling and Mansions — What Purchases Do Crypto Millionaires Make

Ever wondered what you can spend your cryptocurrency on? Cointelegraph unpacks some of the most outrageous things you can buy with crypto. One of the most hotly debated topics around cryptocurrencies is what people can actually purchase with Bitcoin and its altcoin brethren. With Bitcoin’s 10th birthday just around the corner, it’s worth taking a look at some of the most outrageous and expensive things people have been able to purchase with BTC. We have certainly come a long way since the infamous Bitcoin pizza incident, where […]

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Japanese Financial Watchdog Launches Investigation Following $60 Million Exchange Hack

The Japanese FSA has launched an investigation following a $60 million hack of crypto exchange Zaif. The Financial Services Agency (FSA) of Japan has launched an investigation after $60 million worth of cryptocurrencies were allegedly stolen from local crypto exchange Zaif, Cointelegraph Japan reports Friday, September 21. According to the report, the FSA has sent its staff to Tech Bureau — Zaif’s parent company based in Osaka — to verify whether the company will be able to cover customer losses. As Cointelegraph Japan has learnеd, the Japan […]

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Bitmain Unveils Next-Generation ASIC Chip to Be Integrated into New Antminer Machines

Bitcoin mining behemoth Bitmain has unveiled its next-generation ASIC chip soon to be used in the firm’s new “Antminer” crypto mining machines. Bitcoin (BTC) mining behemoth Bitmain has unveiled its next-generation ASIC chip soon to be used in the firm’s new “Antminer” crypto mining machines, Reuters reports September 21. An Application-Specific Integrated Circuit (ASIC) chip is a piece of tailored mining hardware geared to mine cryptocurrency based on a specific hashing algorithm. Bitmain CEO and co-founder Jihan Wu reportedly announced the new crypto-mining-specific ASIC chip BM1391 during […]

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Swiss Bankers Ease Access for Crypto Startups to Prevent Mass Exodus

The Swiss Bankers Association has divided blockchain startups in two categories, providing guidelines to prevent a crypto exodus. The Swiss Bankers Association (SBA) has issued basic guidelines for banks working with blockchain startups on Friday, September 21. As Reuters reports, the measure was taken to prevent a mass crypto exodus out of Switzerland. The document states that banks see blockchain as an opportunity for Switzerland to house financial and technology startups despite “risks,” especially money laundering. Due to a significant increase of crypto-related companies based in the […]

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