The Latest Bitcoin News

August, 2018

  • 14 August

    Hong Kong Universities Partner on $20 Million Blockchain Research Grant

    The Hong Kong University of Science and Technology Business School recently received a $20 million grant to “improve the security capabilities of electronic payment systems”, reported China News. The University is partnered with three other schools to realize this application of blockchain technology: The University of Hong Kong, The Chinese University of Hong Kong and The City University of Hong …

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  • 13 August

    Ripple Hires Facebook Payments Exec for Business Development Role

    Ripple, the San Francisco-based startup announced that they hired Kahina Van Dyke, who worked as Facebook’s global director of financial services and payments partnerships from 2016 to June of this year. In the hiring announcement, posted to Ripple’s blog, Van Dyke discussed the points around cross-border payments, saying “Now we need a new global technology solution for international payments that …

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  • 10 August

    Bitcoin Lightning network Pilot Launched for 100 Merchants by CoinGate

    Crypto payment service CoinGate Launched a pilot program for one hundred merchants in a test program for the company’s Bitcoin Lightning Network variant. Lightning Network is a second layer scaling solution for the Bitcoin network, that keeps a majority of transactions off-chain. CTO of CoinGate, Rytis Bieliauskas said that their pilot program allows them to be the first ones to …

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  • 9 August

    Ledger Attracts Tech Giant Investors After Record Setting Year in 2017

    Ledger, the creators of the insanely popular Ledger hardware wallet are are preparing for another round of funding, this time in an effort to attract institutional investors. Ledger’s President, Pascal Gauthier revealed that, while their Series B funding raised in January of this year was aimed to attract Venture capitalists who can advise on their business, their newest round intends …

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  • 8 August

    VC Firm – Lightspeed Venture Partners to Invest $1.8 Bln in New Funds, Including Blockchain

    American VC Firm recently raised $1.8 billion, of which is plans to invest in a wide range of startups in many fields, one of which is blockchain. Lightspeed told Reuters that most of the funds – more than $1 bln will be allocated to more mature companies, but that leaves nearly $800 million that can potentially help build the Crypto …

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  • 7 August

    Goldman Sachs Considering Custody Offering for Crypto Funds

    Insiders reveal Goldman Sachs may offer a custody plan for cryptocurrency funds, according to a Bloomberg News report. Goldman would join a number of additional Wall Street firms considering such an offering. While no timeline has been provided by those who are familiar with the situation, a formal custody offering by Goldman Sachs would provide institutional credibility for bitcoin and …

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  • 6 August

    NYSE Owner, Microsoft, Starbucks, and Others Announce Bakkt Platform

    Intercontinental Exchange, Microsoft, Starbucks and other large companies are partnering to launch a new platform called Bakkt which will allow consumers and institutions to buy, sell, store and spend cryptocurrencies, by November. Notably, the Intercontinental Exchange Inc., who owns many large futures markets as well as the New York Stock Exchange (NYSE), aims to “create an open and regulated, global …

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  • 2 August

    Coinbase Rolling Out British Pound Support for UK-Based Customers

    Coinbase yesterday announced a roll out of services that support buying cryptocurrencies with British pounds (GBP) for UK-based customers. Services include faster payments with same day deposit and withdraw from Coinbase to British bank accounts. “Until now, the process of converting bitcoin, bitcoin cash, ethereum and litecoin into euros and then into pound sterling, via international bank transfer, took several …

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  • 1 August

    North Carolina’s Elections Board Denies Request to Accept Cryptocurrency as Donation

    North Carolina’s State Board of Elections and Ethics Enforcement denied the request by Emmanuel Wilder to be able to accept cryptocurrency as donations. Wilder, a Republican from Wake County running for the state House, made the request for formal guidance in accepting digital currencies for the first time in the state’s election. “I think having the option is important, not …

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July, 2018

  • 31 July

    Bitmain to Start Bitcoin Mining in Rockdale Texas’ Once Closed Alcoa Plant

    Bitmain Technologies will soon start a bitcoin mining operations in Rockdale, Texas. The Chinese-based company purchased a portion of an Alcoa aluminum smelting facility that closed a decade ago to work. The small town in Milam County, which sits about an hour northeast of Austin, appear eager for the new wave of technical jobs which are poised to come. The …

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  • 30 July

    Establishing Precedent: How to Reallocate Stolen Cryptocurrency

    In a groundbreaking ruling out of the Superior Court of Delaware last month, Elizabeth White, CEO of The White Company, was awarded $2.7 million resulting from two separate filed complaints. The White Company’s, a vendor of cryptocurrency exclusive luxury goods, CEO Elizabeth White filed two individual claims against Cointal, a cryptocurrency exchange, after one of its employees and the defendant …

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  • 27 July

    SEC Rejects Winklevoss’ Second Bid for Bitcoin ETF

    In now a second denial for Cameron and Tyler Winklevoss, the U.S. Securities and Exchange Commission (SEC) rejected their application for establishing a bitcoin ETF. In a three to one ruling, the commission cited the potential for market manipulation and a lack liquidity in denying their bid.   The proposal for the BATS BZX Exchange would have allowed the exchange …

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  • 26 July

    Chile Court of Appeals Orders Bank to Resume Business With Crypto Exchange

    The Chilean Court of Appeals recently ruled in favor of crypto exchange Orionx, stating that the Chilean state-owned bank, Banco Estado should reopen the exchange’s account. The court accepted the appeal filed by Orionx against Banco Estado, who closed the company’s account in late March, citing a “lack of regulatory recognition of cryptocurrency trading” as its justification. Within the ruling …

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  • 25 July

    CoinDesk Releases Quarterly Blockchain Report

    CoinDesk today released their State of Blockchain Q2 2018 report which details key industry trends and events which occurred during the second quarter of this year. In a general summary of their own report they find: “To use crypto parlance, the second quarter was a painful time if you were HODLing – but a productive one if you were BUIDLing.” …

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  • 24 July

    South Korea’s Financial Services Commission Announces Cryptocurrency Division

    In a press release dated July 17th the Financial Services Commission (FSC), South Korea’s financial regulator, announced an organizational initiative to better protect consumers and leverage emerging financial technology in forming the Financial Innovation Bureaus: “Reorganize the Financial Services Commission to strengthen the financial consumer protection function and effectively respond to financial innovations resulting from the Fourth Industrial Revolution “ …

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