Category: N-Featured
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The Daily: Nexo to Pay Interest on Stablecoins, Startups Launch Bank Services
In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets. We also look at Bitfinex’s newly updated app for “on-the-go” traders. Also read: Security Startup Raises…
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Kenya’s Bithub Africa Mines Bitcoin Using Solar Power
Bithub Africa has started using off-grid solar power to mine bitcoin and ethereum. John Karanja, the founder and chief executive officer of the small Kenyan mining operation, hopes to spread the technology to the rest of the continent while exposing the lie that cryptocurrency mining poses a danger to the environment. Also Read: U.K Government Moots…
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UK Government Moots Ban on Cryptocurrency Derivatives
The U.K. government is considering a ban on cryptocurrency-linked derivative products. The Financial Conduct Authority said in a report on Oct. 29 that it will begin consultations on whether to ban the sale of derivatives based on digital coins like BTC as well as to restrict crypto-based contracts of difference to the public. Virtual currency…
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Coinbase Raises $300 Million, Reaching $8 Billion Valuation
The San Francisco-based cryptocurrency exchange and brokerage service Coinbase announced on Tuesday that it had raised $300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up to $8 billion. Also read: Bitstamp Confirms Acquisition by South Korean Company Coinbase Raises…
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China Seeks Public Feedback on Draft DLT Regulations
The Cyberspace Administration of China (CAC) has announced that it will accept public feedback through Nov. 2 on draft rules it recently published to regulate blockchain projects, but the proposed legislation has already drawn a mixed response from distributed ledger technology (DLT) analysts. Also Read: Bitstamp Confirms Acquisition by South Korean Company Strict Rules for DLT Users…
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Coincheck Reports Deepening Losses of $5.3 Million in Third Quarter
Coincheck reported a pre-tax loss of 588 million yen (US $5.3 million) for the third quarter of 2018, the Japanese exchange’s second consecutive quarterly loss since hackers pilfered $530 million in January. That’s an increased deficit of 130 percent from the 259 million yen ($2.3 million) loss the previous quarter. Also Read: French Business School Fees…
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Exchanges Roundup: Ironx Raises $22.3M in Private Sale, IDCM to Target STOs
In this edition of Exchanges Roundup, we focus on Ironx, which has just wrapped up a $22.3 million private sale. We also look at International Digital Currency Markets’ plans to provide solutions for security token offerings, as well as some of the new exchanges opening in Estonia. Also Read: The Daily: Outcry Over Censoring of Gab,…
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Pandacash Wins Grand Prize at BCH Devcon
The second BCH Devcon hackathon took place in Amsterdam on Oct. 27-28, with more than 100 people competing to build useful cryptocurrency applications. The event culminated with a project called Pandacash winning the grand prize by delivering a “one-click” Bitcoin Cash blockchain software development kit. Also read: Send Bitcoin Cash Over the Web in a Private…
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Rumors of Exit Scam Swirl as Maplechange Loses Funds in Hack
Maplechange, a small Canadian cryptocurrency exchange, has ceased operations following the purported theft of all the funds it was holding. Despite promises of an investigation into the matter, many have accused the exchange of attempting to stage an exit scam. Also Read: Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law Canadian Exchange Drained of Holdings…
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Review: 7 of the Best Cryptocurrency Widgets for Webmasters
When you’re running your own website, widgets are the final piece of the puzzle, as these simple lines of HTML or Javascript code can be used to pull in custom content from third-party developers. Placed judiciously in sidebars, footers, and anywhere else there’s a space to be filled, widgets can make your homepage feel like…