European Banks Complete Real-Time Trades on We.Trade Blockchain, Industry Responds

A group of nine European banks have revealed that they have completed multiple real-time commercial trades via the blockchain technology. Opens Up New Trading Opportunities According to We.Trade, seven trade transactions have been completed by 10 companies across five countries. The transactions were completed on the We.Trade blockchain platform through four banks. Built on the

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This Is How Coinbase’s CEO Aims to End Poverty with GiveCrypto Charity

The CEO of a San Francisco-based cryptocurrency exchange is launching a charity to help people in poverty, and is aiming to raise $1 billion in the next two years. Using Crypto to Raise Funds GiveCrypto is a new nonprofit charity that distributes cryptocurrency to people in poverty. Launched today and founded by Brian Armstrong, CEO

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Cryptocurrency is Helping Fuel Lithuania’s Economy, Bankers Fear Financial Disruption

Cryptocurrency is helping to fuel Lithuania’s economy, but European central bankers have argued that it will aid illegal activity while disrupting traditional finance. Open Arms Approach The cryptocurrency market has had a tough first six months of the year. At the beginning of January, it was worth over $830 billion. At the time of publishing, it’s

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Bitcoin Drops to Within 2018 Low Close to $6,000

Bitcoin fell to within touching distance of the $6,000 mark on Friday, a figure not seen since February, following improvement orders from Japan’s Financial Services Agency (FSA) to six of the country’s crypto exchanges. Bitcoin Continues to Fall The number one digital currency is seeing its value being chipped away as the integrity of the

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Here’s How Bitcoin is the Least Volatile Crypto Asset

Bitcoin is less volatile than its cryptocurrency cousins, according to research that looked at five crypto assets from 2013. Bitcoin Trumps the Rest In February, the American Institute for Economic Research (AIER) compared the volatility of Bitcoin to traditional fiat currencies. It found that the average daily price change of Bitcoin with the U.S. dollar exchange

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World Refugee Day: Leveraging the Blockchain to Deliver Digital Identities

World Refugee Day is a day that is held every 20 June to highlight and raise awareness of the situation that refugees face throughout the world. But with billions of people worldwide lacking an identity, how can the blockchain be leveraged to deliver digital identities to the world’s most vulnerable? Using the Blockchain to Provide

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Pantera Capital’s Hedge Fund Underperformed Against Bitcoin Last Month

Crypto hedge fund Pantera Capital has said that its fund was outperformed by the Bitcoin price last month as market prices continued to decline. Diversity Isn’t Always the Answer Dan Morehead, CEO of Pantera Capital, wrote his findings in an investment letter yesterday. According to a report from Bloomberg, Pantera Capital’s Digital Asset Fund dropped 26

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Japan’s FSA to Deny First Cryptocurrency Exchange Application

Japan’s financial regulator is reportedly getting ready to issue its first ever rejection of a business application to register a cryptocurrency exchange in the country. FSHO Ordered to Improve Operations Yokohama-based trading platform FSHO is likely to see its application denied by Japan’s Financial Services Agency (FSA), according to a Nikkei report. The exchange had

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SEC Appoints New Crypto Chief to Advise on Digital Assets and ICOs

The U.S. Securities and Exchange Commission (SEC) has announced the appointment of its new cryptocurrency chief who will coordinate efforts across the SEC regarding securities laws. And the Job Goes To… Valerie Szczepanik has been named as the associate director of the Division of Corporation Finance and senior advisor for Digital Assets and Innovation. According

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Cryptocurrency Exchange Bitfinex Resumes Services Following Cyberattack

A Hong Kong-based cyptocurrency exchange briefly halted its services today due to a cyberattack, causing the platform to be under an extreme load. DDoS Attack Targets Bitfinex Bitfinex was the target of a DDoS, or distributed denial-of- service attack, earlier today. This occurs when a number of compromised computer servers attack a target by overwhelming

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