Bithumb might be able to reduce the losses resulting from a recent hack, CoinDesk reported. Though the Bithumb said it reported losses of about $31.5 million to the Korea Internet & Security Agency (KISA), the South Korean crypto exchange said the final figure might be lower...
Coinbase customers have been reaching out to the U.S. Securities and Exchange Commission (SEC) with complaints, Mashable reported. After filing a Freedom of Information Act (FOIA) request with the agency, Mashable obtained 115 complaints made against the crypto exchange. Responding to the outlet’s request for...
BitTorrent may be sold to blockchain firm TRON for the price of $140 million, The Next Web reported. According to reports, shareholders have not signed off on a deal and some details are still in the works. BitTorrent has about 170 million total users across...
Crypto Fund AG, a subsidiary of Crypto Finance Group, says that it has received a license from the Swiss government to distribute funds, Reuters reported. The Financial Market Supervisory Authority (FINMA) reportedly granted the license, which will allow the company to distribute collective investment schemes. “Getting...
Walmart has been awarded three patents for blockchain-backed technology, according to a report Monday (June 18) in Cryptovest. One of the patents covers a system that would let households manage their electricity bills through cryptocurrency, and would be operated with a public blockchain. “Currently, energy...
The Bank of International Settlements unleashed a scathing criticism of cryptocurrency over the weekend, saying that it will never be mainstream for financial services. According to a report in Bloomberg citing a 24-page article released Sunday (June 17), the Bank of International Settlements said bitcoin has...
As part of Ripple’s $50 million pledge for blockchain research, the crypto firm has said it will give $2 million over five years to the McCombs School of Business at the University of Texas in Austin. Through the initiative, graduate students and faculty may potentially...
In an effort that could lead to greater efficiency and lower prices, Walmart is looking into a system that would let households manage their electricity bills through cryptocurrency. Such a structure would work over a public blockchain, CoinDesk reported. “Currently, energy providers deliver energy to...
Thursday (June 14) turned out pretty well for ether, which CNBC described as the “world’s second largest cryptocurrency.” The price of ether increased 9 percent after William Hinman, head of the Division of Corporate Finance for the U.S. Securities and Exchange Commission (SEC), said that his...
