Category: cryptocurrencies

Bitcoin payment specialists Bitgo have announced the acquisition of Kingdom Trust, an investment firm with custody of over $12 billion in assets. The move will enable the South Dakota-based Kingdom Trust Company to offer custodial cryptocurrencies such as bitcoin, ripple, and ethereum to its investors. This will make it easier for traditional investors to enter the lucrative crypto markets without needing to assume responsibility for safeguarding their holdings. Also read: Dr. Doom (Professor Nouriel Roubini) Calls Stablecoin Tether a Scam Bitgo Expands Its Kingdom Bitgo is the web’s best known cryptocurrency…

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Premier League football club Arsenal FC has announced a partnership with Cashbet, a cryptocurrency marketing itself as being “designed specifically for iGaming” – comprising the first instance of a cryptocurrency sponsoring a major soccer team. Partnerships between sporting entities and virtual currencies appear to be quickly proliferating worldwide, with newly crowned Bellator MMA welterweight champion, Rory Macdonald, receiving 330 DASH to wear branded apparel representing the altcoin in his recent title fight. Also Read: Oil Company Wants to Sell Bitcoin ATMs to Casinos, Stock Jumps 60% Cashbet Becomes First Cryptocurrency to…

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Japanese Bitcoin expert Koji Higashi is among those tweeting rumors major exchange Coincheck has “lost” up to $600 million in a hack. Hack ‘Unconfirmed’ Amid Huge Funds Move After social media announcements alerted users to a shutdown which first affected NEM’s XEM token and then all currencies, rumors soon followed that Coincheck had lost control of funds. Bitcoin prices began trending downwards Friday. A transaction for 101,265,057 XRP ($123.5 million) reportedly left Coincheck’s wallet, while a much larger sum closer to $530 million in XEM may also have been sent…

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It’s not the sexiest headline in the world, but so far things with bitcoin seem to be going relatively well in Japan, according to a Bank of Japan (BOJ) Director-General. With increasing calls from world leaders to unite and devise a global regulatory regime for cryptocurrencies, Japan has taken a strikingly different approach. Also read: Tezos Swiss Foundation Concept is “Old, Inflexible and Stupid” Bank of Japan Goes it Alone Bank of Japan (日本銀行) Director-General of payment and settlements, Hiromi Yamaoka, explained, “There’s undoubtedly growing interest among global policymakers on how…

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The Malta Financial Services Authority (MFSA) has published a ”feedback statement” regarding its proposal for regulatory guidelines governing collective investment schemes involving virtual currencies (VCs) operating in the European archipelago nation. The statement has been issued following a consultation period from the 23rd of October 2017 to the 17th of November – in which the MFSA sought to gain feedback from Malta’s citizenry and private sector regarding the proposed regulations. Also Read: Vouching Bitfinex and Tether’s Bank Accounts Hold Nearly $3 Billion USD Malta Provides Greater Clarity Regarding Proposed Cryptocurrency Regulations…

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Popular smartphone app Robinhood announced it will begin to allow users to trade bitcoin next month, and without transaction fees. Until now, online retail brokerage platforms have been careful about dabbling in bitcoin by way of futures contracts, preferring not to deal directly in cryptocurrency. The young app is ready to try a loss-leader model in what some consider the future of money.  Also read: Tezos Swiss Foundation Concept is “Old, Inflexible and Stupid” Robinhood Gets Crypto Cofounder Vlad Tenev of the Robinhood trading app urged: “Cryptocurrencies have become the first…

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Andreas Antonopoulos has said he doesn’t expect regulated exchanges such as Coinbase to run the Lightning Network as it gains mainstream acceptance. ‘Their KYC Fell Apart’ In comments on the first episode of Let’s Talk Bitcoin! in 2018, the educator said AML/KYC obligations exchanges face are incompatible with the nature of Lightning, which recently launched a limited yet rapidly-growing mainnet implementation. The upgrade to the Bitcoin network promises vastly reduced transaction times and fees, yet its tentative 230-node launch is still experimental, with various parties warning users not to use…

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