Category Archives: bitcoinist

AirBnB Co-Founder Backs $22.7M Investment in ‘Full Service’ Institutional Crypto Platform

Another platform aiming to facilitate institutional investments into the cryptocurrency market is underway, as SFOX successfully closes $22.7 million Series A funding round. Luring In Big Money SFOX – a cryptocurrency prime dealer for institutional investors and high-volume traders announced in a press release that it has managed to close $22.7 million Series A funding round for the… Read More »

Bitmain IPO: Softbank and Tencent Reportedly ‘Not Involved’

Two major corporations have publicly denied involvement with the prospective initial public offering (IPO) of cryptocurrency mining giant Bitmain. Source: Tencent ‘Did Not Take Part’ In a fresh round of controversy over the plans, Chinese multinational Tencent and SoftBank, the largest investor in Uber, both rejected press claims they were participating. “Neither the SoftBank Group Corp. nor the… Read More »

Bakkt Will Trade ‘Pre-Funded’ Bitcoin – Not Paper Claims, CEO Confirms

Bakkt, the digital asset platform announced a couple of weeks ago, won’t support margin trading, according to its CEO. The solution will aim to facilitate institutional investment, providing the much-needed infrastructure for it.    Bakkt Not Like the Rest Bitcoinist reported August 3 that the owner of the New York Stock Exchange (NYSE) – the Intercontinental Exchange (ICE)… Read More »

Hardly Anyone is Using Bitcoin Cash as 67 Wallets Control 56% of Supply

Bitcoin Cash just celebrated its first birthday at the beginning of August. However, recent reports of low commercial use coupled with an 85% drop in market cap from its all-time high are putting a damper on the party. The Real Bitcoin?  It has been just over one year now since Bitcoin Cash 00 forked from the Bitcoin ‘core’… Read More »

Bitconnect Exchange Kingpin Who ‘Lured Investors’ Arrested in India

Murkier details of the Bitconnect cryptocurrency scam have emerged as police have arrested the head of the defunct cryptocurrency exchange. [Note: This is a guest article submitted by Bhushan Akolkar] Bitconnect — A Pyramid Scheme of Scams Last Saturday, August 18, Indian authorities arrested Divyesh Darji, the Asian head of defunct cryptocurrency exchange, in a high-profile scam worth 880… Read More »

UPS Files For a Patent for Blockchain-based Shipping System

Despite the fact that the overall cryptocurrency market has declined with around 70 percent since January 2018, interest in blockchain-based technology grows stronger. Yet another major company, UPS, demonstrates its serious intentions for implementing DLT in its operations. UPS Boards the Blockchain Bandwagon The shipping giant UPS has filed an application for a patent with the US Patent… Read More »

Why Bitcoin Would Probably Not Get Listed on Binance Today

If launched today, Bitcoin would likely not be listed on Binance, the world’s biggest cryptocurrency exchange by volume — according to its listing guidelines.  Getting Your Foot in Binance’s Door Getting listed on the world’s biggest exchange is the holy grail for any coin that wants to be taken seriously. At the same time, Binance has been at the… Read More »

Paul Krugman Admits Bitcoin Has More Utility Than ‘Dead’ Gold

US economist Paul Krugman appeared to soften his stance on Bitcoin last week in a surprise twist, saying he believes the cryptocurrency “has more utility than gold.” Krugman: Bitcoin ‘Has Some Chance To Be Valuable’ Speaking at the ChainXChange conference in Las Vegas, which ran August 13 – 15, Krugman, who had previously made a name for himself… Read More »

All Australians Can Now Pay Their Bills With Bitcoin

Cointree and Gobbill have announced a partnership that allows Australians to pay their bills using cryptocurrency.  Details of the Partnership The former is a cryptocurrency exchange platform while the latter is a billing platform. Together, they have created a cryptocurrency bills payment system irrespective of whether the business accepts digital coins or not. Cointree, which already has a… Read More »

Winklevoss’ Gemini Teams Up with 3 Big Exchanges to Form Self-Regulatory Group

Four cryptocurrency exchanges, including Gemini – the one founded by the Winklevoss brothers, is purportedly setting up a working group to bring new industry standards. Virtual Commodity Association Working Group (VCAWG) The Winklevoss twins’ cryptocurrency exchange Gemini is teaming up with three other exchanges to form a new self-regulatory organization (SRO) dubbed the Virtual Commodity Association Working Group.… Read More »