In a new round of declines for bitcoin, the popular cryptocurrency tumbled 8 percent over a 24-hour period leading up to Friday (December 7) morning. The digital currency was trading at just over $3,375 as of 8:40 a.m. EST, CNBC reported. A few hours later,...
In February, the U.S. Commodity Futures Trading Commission issued a warning to consumers about pump-and-dump cryptocurrency scams, and now regulators have some help in finding the criminals behind them. According to MIT Technical Review, Jiahua Xu and Benjamin Livshits at Imperial College London have published the...
The Swiss Financial Market Supervisory Authority (FINMA) is aiming to boost innovation in cryptocurrency and distributed ledger technology (DLT), by easing some of the existing rules. FINMA has published a guideline for the upcoming FinTech license, which will allow FinTech projects to raise outside capital of...
Banking in blockchain – with real-time payments as a kicker? CoinDesk reported this week that Signature Bank, which is based in New York, is debuting a digital payments platform that is built on blockchain – and geared toward real-time transactions. With the dawn of the...
Cryptocurrency exchange ErisX announced that it has raised $27.5 million from investors, including Fidelity Investments and Nasdaq Ventures. The exchange is set to launch next year, pending regulatory approval. The funding will be used to hire staff, “build out our infrastructure and secure the appropriate...
Ripple, the blockchain company that owns XRP, the digital currency, has joined forces with NEM, Fetch.AI, and EMURGO/Cardano to create a new association that represents the interest of blockchain and cryptocurrency business in Europe. According to a report in The Next Web, the group, dubbed Blockchain...
KuCoin, a digital currency exchange based in Singapore, has rolled out support for the trading of the Ripple XRP cryptocurrency, Cryptovest reported. The platform now supports trading through eight pairs, including Ethereum, bitcoin, Tether, USD Coin, NEO, TrueUSD, Paxos Standard Token and KuCoin Shares. The...
Bitcoin just had its worst month in seven years, dropping nearly $2,400 in price. According to Coindesk, the crypto started November at an average price across exchanges of $6,341. By December 1, it was trading at just $3,964. The 37.4 percent loss is bitcoin’s worst...
Blockchain startup AriseBank’s CEO is facing up to 120 years in prison for misleading investors in a crypto scam. According to The Next Web, Jared Rice defrauded investors out of $4 million after he claimed the company would become the “first decentralized banking platform” — offering FDIC-insured...
