The Latest Bitcoin News

February, 2019

  • 19 February

    Elon Musk: Crypto Is a “Far Better Way to Transfer Value than Pieces of Paper”

    Tesla CEO Elon Musk described Bitcoin’s structure as “quite brilliant” and said that digital currency is “a far better way to transfer value than pieces of paper.” Musk made these comments during an interview on advisory company ARK Invest’s podcast, which was released today. When asked whether he thought Bitcoin would become the only currency native to the internet, Musk …

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  • 18 February

    Institutional Investor Consultants Cambridge Associates: Cryptocurrencies “May Very Well Upend the Digital World”

    If you ask consulting firm Cambridge Associates, cryptocurrency is a sound long term investment. This sentiment comes from a Bloomberg report published earlier today.   Specializing in pension and endowment consulting, Boston-based Cambridge Associates advises institutions that manage over $300 billion. In a research note published today, analysts at the company wrote: “Despite the challenges, we believe that it is …

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  • 17 February

    UAE City of Sharjah to Implement Blockchain-Based Waste Management Portal

    A blockchain-based waste permit portal will be launched in Sharjah, United Arab Emirates (UAE). This news comes by way of a report by Emirates News Agency (WAM), the country’s official news agency, earlier today. The portal will be developed as a joint effort by recycling and waste management company Bee’ah and the Hamriyah Free Zone Authority (HFZA), the free trade …

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  • 16 February

    Crypto Brokerage Coinmama Says Large Data Breach Affected 450,000 Users

    Israel-based cryptocurrency brokerage Coinmama has suffered a major data breach that affected 450,000 users. The company disclosed this information in a company announcement yesterday. The breach is part of a massive hack that spanned 24 companies and 747 million records, which according to The Register, who originally broke the story of the hack, were listed for sale on dark web …

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  • 15 February

    Survey Says 41% of Institutional Investors Will Invest in ICOs in the Next 5 Years

    A new survey of institutional investors conducted by the Global Blockchain Business Council (GBBC) and shared via press release yesterday revealed 19% of those surveyed believe cryptoassets will be invested and traded in by the year 2021. Conducted in December and January by PollRight, a market research company, the survey seem to reveal a greater willingness on the part of …

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  • 14 February

    HSBC Announces Savings of 25% in Forex Trade Settlement Using Blockchain

    London-based banking behemoth HSBC announced that its blockchain-based platform reduced costs for its foreign exchange (forex) trade settlement by 25%. This news comes via a Reuters report earlier today. According to Chief Operating Officer of FX cash trading and risk management Mark Williamson, HSBC processes between 3,500 and 5,000 trades per day on its FX Everywhere system, settling about $350 …

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  • 13 February

    Nasdaq to Add Bitcoin and Ethereum Indices Later This Month

    American stock exchange Nasdaq plans to launch two new indices tracking crypto prices on February 25th. The company announced the news on its website yesterday. The indices that will be launched are the Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX). Both will provide real-time price updates every thirty seconds for clients that use Nasdaq’s Global Index Data Service …

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  • 12 February

    Chainalysis Raises $30 Million from Accel, Other Investors in Series B Round

    New York-based blockchain intelligence company Chainalysis has raised $30 million in a Series B funding round led by venture capital giant Accel. The news was confirmed in a blog post on Chainalysis’ site earlier today. According to the post, the round was led by Accel “with participation from existing investors,” which could include Benchmark, Techstars, and FundersClub. Generally, it is …

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  • 9 February

    Bitfinex Goes Offline for 2 Hours amid Crypto Market Explosion

    Earlier today, Hong Kong-based crypto exchange Bitfinex unexpectedly went offline for two hours amid major market movement. The exchange notified users of the development in a confusing set of tweets: The first, sent at 3:05 AM EST, alerted users that the exchange had temporarily gone offline: “We are aware Bitfinex is currently not accessible to some users, our admins are …

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  • 7 February

    Wall Street Blockchain Alliance Joins Blockchain Consortium R3

    According to a press release published yesterday, the Wall Street Blockchain Alliance (WSBA) has joined blockchain consortium R3 in an effort to develop solutions on Corda, which is a decentralized platform built by R3 on the Ethereum blockchain for use by financial institutions. Said CEO of the WSBA Ron Quaranta: “We are pleased to partner with R3 and introduce our …

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  • 6 February

    Survey: 13% of Amazon Customers Would Consider Purchasing an Amazon Cryptocurrency

    According to a recent report published by financial website Investing.com, Amazon shoppers would be open to purchasing a larger selection of products on the platform, including cryptocurrency. The report surveyed more than 1,000 Amazon shoppers in an effort to shed light on the level of trust they place in the company. Notably, the survey asked which Amazon-branded products – a …

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  • 4 February

    Facebook Makes Its First Blockchain Acquisition

    Facebook has reportedly acquired blockchain startup Chainspace in what is its first blockchain-related acquisition. The news was first reported by Cheddar earlier today. According to sources, the deal is primarily an “acquihire” — an acquisition whose main purpose is to bring on the staff of the acquired company, as opposed to their technology, or their core business. Indeed, four of …

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  • 2 February

    Why Blockchain Interoperability is Key to Mass Blockchain Adoption

    With the blockchain sector growing at an alarming rate, a growing number of industries have adopted it. This is why the blockchain industry is riddled with several blockchain projects offering solutions in a multitude of areas. However, the majority of active users on the blockchain are still crypto speculators even though there exist numerous blockchain solutions in several sectors such …

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  • 1 February

    HODLers, Rejoice! Nasdaq Extends Foray into the Cryptocurrency Space

    We’ve talked for a long time about the entry of institutional investors into the cryptocurrency space. Numerous high-profile ETFs came and went, crypto slowly grew users and then was dashed by the ongoing bear market, and governments across the globe still seem to be on the fence about how to regulate digital assets. Exchanges came and went, hacks have abounded, …

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January, 2019

  • 31 January

    What Investors Can Expect From Cryptocurrency’s Longest Bear Market

    A glance at cryptocurrency numbers on CoinMarketCap removes any lingering doubt that cryptos have officially entered into their longest-ever bear market. A similar incident was seen in 2013 when the crypto industry underwent a 410-day bear market. During that time, the price of BTC dropped from roughly $1,000 to about $100. Since 2017 December when the cost of Bitcoin hit …

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