So much in tech comes out of left field, even amid evolution. Change creeps up and suddenly is … there. And so it is with companies that come out of stealth mode, officially launching with products and funding at the ready. In one example germane...
Coinbase’s crypto index fund is now available to investors in the U.S., but there’s a slight restriction: Only accredited investors can participate, TechCrunch reported. The crypto exchange is now looking for those seeking to invest anywhere from $250,000 to $20 million. Already, the company has...
University researchers have noticed an interesting trend when it came to atmospheric jump in the price of bitcoin last year: They found that about half of bitcoin price increases last year happened after another cryptocurrency, Tether, flowed from one crypto exchange — Bitfinex — to...
While banks have been investigating and investing in distributed ledger technology (DLT) the team at Ripple does not believe that DLTs are likely to make an appearance any time soon when it comes to processing cross-border payments. Issues around scalability and privacy are still too...
A national banking group in South Korea is launching a blockchain-based ID verification system for the nation’s commercial banks. According to CoinDesk, a notice by the Korea Federation of Banks (KFB) unveiled the new system, called BankSign, which is scheduled to launch in July. The...
Financial firms are investing $1.7 billion annually on blockchain technology per research from Greenwich Associates, Bloomberg reported. The research group also found that firms increased their blockchain budgets by 67 percent in 2017, and one in 10 banks — and other firms — reported spending more than $10...
There are apps for all sorts of tasks, but Apple doesn’t want apps to do one thing in particular — mine crypto, CNBC reported. In an update to its developer guidelines, Apple has banned mining. “Apps, including any third-party advertisements displayed within them, may not run...
Thanks in part to the meteoric rise and subsequent decline in the price of bitcoin, the makeup of its holders has shifted from longer-term investors to more active ones, reported the Financial Times. Citing data from market research firm Chainalysis, the Financial Times reported that in...
Coinrail, a small South Korean cryptocurrency exchange that disclosed over the weekend it was hacked, sent the price of bitcoin lower. The Wall Street Journal, citing data from CoinDesk, reported that during the weekend the price of bitcoin fell more than 10 percent, hitting less...
