Bitcoin

Hacked NZ Exchange Cryptopia Allowed to Reopen

February 13th, 2019

Digital asset exchange Cryptopia has been given the green light to open again after New Zealand police announced they have almost completed their investigation at its offices. The crypto trading platform suffered a security breach last month when, according to one estimate, as much as $16 million worth of cryptocurrency was stolen. Management Granted Access…

In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

February 13th, 2019

In this edition of The Daily we cover a number of developments related to different cryptocurrency exchanges. A report shows that Quadriga has “lost” another half a million dollars, Bithumb is expanding its reach to the UAE, and Coinbase has launched a controversial new cloud backup service. Additionally, Chainalysis has raised further funding to help…

Venezuela’s BTC Trading Volumes Hit Record Highs as Crypto Regulations Commence

February 13th, 2019

As Venezuela begins regulating cryptocurrency, BTC trading volumes in the country hit record highs on several exchanges. Amid fast-growing crypto adoption, peer-to-peer trading platforms such as Localbitcoins and Paxful have reported significant increases in the number of BTC traded in Venezuela. Record BTC Trading Volumes Peer-to-peer (P2P) markets that trade cryptocurrencies in Venezuela have recently…

Report Claims 85% of the Monero Network Dominated by ASIC Miners

February 12th, 2019

Over the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times…

Two US Public Pension Funds Back New $40 Million Crypto VC

February 12th, 2019

Two American public sector pension funds have reportedly backed a new cryptocurrency industry venture capital fund with a large tranche of a combined $40 million investment. The deal is being hailed as a show of confidence in the field from some of the most conservative types of investment managers. The Morgan Creek Blockchain Opportunities Fund…

Crypto Broker Voyager Digital Lists on Canada’s TSX Venture Exchange

February 12th, 2019

Canadian crypto asset broker Voyager Digital Ltd has started trading its shares on the Toronto Ventures Exchange (TSX.V). The company listed through a reverse takeover of mineral exploration company UC Resources. Voyager argues that going public will help to improve transparency in the crypto market while promoting adoption by allowing traditional investors to tap into…

Core Developer’s 300kb Block Proposal Bolstered in Bid to Push Lightning Adoption

February 12th, 2019

Bitcoin Core (BTC) developer Luke Dash Jr has once again sparked controversy with his idea to shrink the BTC chain’s block size down to 300kb. It’s not the first time the concept was proposed by the developer, but this time around there’s more support for the idea in order to drive Lightning Network adoption. Luke…

In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update

February 12th, 2019

In this edition of The Daily we cover recent remarks from the new Chair of the Financial Stability Board (FSB), a spat between Wikileaks and Craig S. Wright (CSW), and the latest update about the upcoming institutional crypto platform Bakkt. New FSB Chair Fears Crypto Randal Quarles is an equity investor and former U.S. Under…

Markets Update: Cryptocurrencies Test Key Levels From 2017 Bull Trend

February 12th, 2019

The cryptocurrency markets are trading at significant long-term price areas, with BTC currently channeling between key levels from the 2017 bull run. In other market action, BCH and ETH have continued to consolidate above the $100 area. BTC Trades Between Major Long-Term Price Zones For the last two months, BTC has established a price range…

SEC Commissioner Suggests Excessive Crypto Regulation Hurts Growth

February 12th, 2019

A commissioner at the US Securities and Exchange Commission (SEC) has said that the official regulation of cryptocurrencies could actually stunt the technology’s development. Hester Peirce’s comments come at a time when the SEC has been accused of acting contrarily and gives hope to those wanting governments to take a step back to prevent over-regulation…