Bitcoin Price Watch: Currency Jumps by $500; Are the Bears Finally Scattering?
At press time, the top cryptocurrency in the world has jumped up by $500 and is now trading for just shy of $6,600. This is a monster improvement over yesterday, and a serious spike over where bitcoin has been meandering all week. The past few days have been particularly difficult on bitcoin and cryptocurrencies in … Read more
Investor Files Lawsuit Against AT&T Over Hack That Allegedly Lost Him $24 Mln in Crypto
An American investor has filed a $224 million lawsuit against his telecoms provider AT&T over alleged negligence that he claims caused him to lose $24 million in crypto Go to Source Powered by WPeMatico
Bitwise Launches Three New Cryptocurrency Market Index Funds
Why wait for an ETF? Bitwise Index Services, a subsidiary of Bitwise Asset Management, has announced the launch of three new indexes covering the mid-cap, small-cap, and total-market segments of the crypto market, as well as the renaming of its HOLD 10 Index as the 10 Large Cap Crypto Index. Also Read: The Daily: Stoners … Read more
Bitcoin Illegal: Saudi Arabia Monetary Authority
Kingdom of Saudi Arabia (المملكة العربية السعودية) regulators issued a statement this week through its monetary authority. Cryptocurrencies such as bitcoin are illegal in the country. Citing “negative consequences” and “high risk,” the government believes it must protect subjects from themselves. Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots Saudi Arabian Monetary Authority … Read more
Goldman Sachs and Nyca Partners Lead $32 Million Series B in Axoni
Goldman Sachs and Nyca Partners are among the investors in enterprise blockchain technology startup Axoni. The startup raised $32 million in a Series B funding round, bringing the total funding raised to $55 million. Making the announcement via a press release, Axoni stated that it would use the funds raised to expand its suite of … Read more
Jamaica Stock Exchange Partners With Blockstation to Offer Crypto Trading
The Jamaica Stock Exchange has announced that it has partnered with Blockstation to enable the trading of crypto assets within “a recognized and secure regulatory framework.” The JSE revealed that it had completed a live workshop with an initial group of five members as well as a beta test with participating institutions. The new platform … Read more
Reality Shares Will Join Increasingly Crowded Bitcoin Hedge Fund Arena, Says Source
Another Bitcoin hedge fund is coming, this time from Reality Shares, a source tells mainstream media Go to Source Powered by WPeMatico
China and South Korea Pledge More Money to Blockchain Research
South Korea will invest heavily in emerging technologies in 2019, one of which is blockchain technology. The move was announced by the country’s Finance Minister, Kim Dong-yeon, during a recent cabinet meeting. As part of its plan to spearhead innovative growth, the government will invest $4.4 billion in eight sectors which it views as critical … Read more
SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token
The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which … Read more
