Tag Archives: Companies

SWIFT Kicks Out Iran – One Of The 3 Cheapest Countries To Mine Bitcoin

The Society For Interbank Financial Telecommunication (SWIFT) has begun blocking access to international transfers for Iranian member banks as new US sanctions take effect. SWIFT: Block Is ‘Regrettable’ As Reuters originally reported, November 10 marks the first day of action which will see financial institutions cut off from SWIFT, which facilitates cross-border payment instructions to more than 200… Read More »

Stellar (XLM) Becomes Top-5 Cryptocurrency Pushing Out EOS

Open source cryptocurrency transfer protocol Stellar’s Lumens (XLM) token has entered the top five cryptocurrencies by market cap the week after its $125 million deal with Blockchain. Stellar Lumens Beat EOS To Top 5 Data from Coinmarketcap confirms the repositioning, which gives XLM a market cap of $5.15 billion and relegates TRON to eleventh place and edging out… Read More »

Hong Kong-Based Bitcoin Mining Pool BTCC to Close Indefinitely

Advertisement Twitter Facebook LinkedIn Hong-Kong based bitcoin exchange, BTCC has made known through a press release, plans to shut down its mining pool business BTCC Pool Limited after four years of operation in Hong-Kong. According to a statement from the firm published on November 6, 2018, the company says it would “shut down all mining servers on November… Read More »

CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail

The Commodity Futures Trading Commission (CFTC) revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1.1 million for Bitcoin fraud. Employer Tipped Off Authorities According to sources including US regulator the Commodity Futures Trading Commission (CFTC) and a social media commentator citing “people close” to the matter, Joseph Kim lost CT over… Read More »

Meet Mattereum, a ‘Deeply Weird’ Startup, Hoping to Transform Smart Contracts

Mattereum, an unorthodox startup, hopes to revolutionize the world of smart contracts by transforming them into enforceable legal contracts. High Weirdness in London TechCrunch’s Jon Evans notes that Mattereum’s project has been kindling in London for roughly a year-and-a-half, with an eclectic “[…] team of lawyers, cryptographers, software engineers, and/or former military consultants.” The project revolves around an attempt to bring together… Read More »

Crypto-Friendly Robinhood under the Hood: Payments for Order Flow

Advertisement Twitter Facebook LinkedIn Robinhood is no doubt quite a revolutionary start-up. They have managed to completely rewrite the rulebook when it comes to retail brokerage and trading. Using a no fees model, they are giving users the opportunity to purchase assets such as equities, Indices and cryptocurrency at the same rate as the institutional markets. Many view… Read More »

EtherDelta SEC Action Could Impact Entire Industry, Experts Warn

Legal figures engaging with cryptocurrency are warning over continued regulatory uncertainty impacting businesses after US regulators fined EtherDelta almost $400,000 November 8. EtherDelta Could Set Precedent EtherDelta, which operated since 2016 as a smart contract on Ethereum, fell victim to securities obligations under the US’ Securities and Exchange Commission (SEC), leaving owner Zachary Coburn liable for penalties totaling… Read More »

Web Summit Conference Sees Cryptocurrency Businesses Give Away Over $127M

November 8 marks the culmination of this year’s Web Summit conference, the largest tech event in Europe and one which saw businesses give away cryptocurrency worth at least $127 million. Airdrops, Wallets And Adoption The sold-out Web Summit, which is taking place in Lisbon, brings together thousands of startups and speakers to join a giant attendee list of… Read More »

Trezor Model T Now Supports 10 More Cryptos Including Monero, Ripple

Popular cryptocurrency hardware wallet Trezor has introduced two firmware updates on both of its models – Trezor Model T and Trezor One. The move comes shortly after the wallet enabled its users to exchange directly through its interface. Trezor Model T Supports More Cryptocurrencies According to the official release, the new firmware for Trezor Model T will support… Read More »

Bakkt Launch Next Month May Not End Bear Market

Intercontinental Exchange’s “regulated ecosystem” for Bakkt should launch December 12, but “lingering concerns” remain, industry figures warn this week. ‘Lingering Concerns’ Over Long-Term Plans In a series of tweets, securities lawyer and regular social media commentator Jake Chervinsky summarized the gaps in public knowledge about Bakkt, which is still awaiting regulatory permission to begin operations. “In the minds… Read More »