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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 …
Read More »The Latest Bitcoin News
July, 2018
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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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23 July
Robinhood Adds Support for Litecoin, Bitcoin cash to its Zero-Fee Crypto Trading Platform
Robinhood, the popular financial services app, just recently added support for Litecoin and Bitcoin Cash for its Crypto Platform according to their July 12 blog post. They noted that they are planning to further expand their offerings as well as add support for coin transfers, meaning that you can potentially deposit cryptocurrency into their exchange to withdraw, reinvest into stocks …
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19 July
World’s Largest Asset Manager, BlackRock, Exploring Blockchain & Cryptocurrency Technology
London’s Financial News reported on Monday that the world’s largest asset manager BlackRock, responsible for $6.3tn in investments, set up a working group to investigate ways to take advantage of the emerging blockchain and cryptocurrency space. This report was then confirmed by BlackRock CEO Larry Fink in an interview with Reuters News: “We are a big student of blockchain,” Fink …
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18 July
Schnorr: Potentially The Next Big Change to Bitcoin Since SegWit
Influential developer Pieter Wuille recently proposed a consensus change for a new signature type for bitcoin transactions called Schnorr to the Bitcoin Improvement Proposal (BIP) Github. The 64-byte Schnorr signatures would be used over the elliptic curve secp256k1 to sign transactions. This upgrade would be the biggest to bitcoin since Segregated Witness (SegWit), though small upgrades occur everyday. It …
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17 July
Schnorr: Potentially The Next Big Change to Bitcoin Since SegWit
Influential developer Pieter Wuille recently proposed a consensus change for a new signature type for bitcoin transactions called Schnorr to the Bitcoin Improvement Proposal (BIP) Github. The 64-byte Schnorr signatures would be used over the elliptic curve secp256k1 to sign transactions. This upgrade would be the biggest to bitcoin since Segregated Witness (SegWit), though small upgrades occur every day. It …
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16 July
Crypto Takes the Hill: Regulators Discuss the Future of Money
Cryptocurrencies will once again take center stage on Capitol Hill this week. The US House of Representatives Financial Services Committee announced that it is hosting a hearing titled “The Future of Money: Digital Currency” on this Wednesday, July 18. The committee has not yet announced a full list of witnesses at the time of writing, but they have confirmed that …
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13 July
Mobile Wallet App Abra Adds Credit Card Options to Purchase Bitcoin
Abra announced on a blog post yesterday that bitcoin can now be purchased through their services with a VISA or MasterCard credit or debit card. This option was made possible through a new partnership with Simplex, a company whose technology “allows exchanges, brokers, wallets, merchants, and marketplaces to conduct business online with complete fraud protection.” Some key features of the …
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12 July
Chicago Board Options Exchange (CBOE) Partners with SolidX in Filing for First Bitcoin ETF
Progress towards establishing the world’s first Bitcoin ETF took another step forward as the SEC recently published the application of the Chicago Board Options Exchange (CBOE) in partnership with Van Eyck Investment and SolidX. In addition to the CBOE and SolidX, Gemini, the Winklevoss brothers’ crypto exchange, has been the only other exchange to file with the SEC. In March …
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11 July
Over 100 Companies Participate in Coingate’s Pilot for Lightning Network Bitcoin Payments
CoinGate, a startup cryptocurrency payment gateway, has announced a pilot project for merchants to begin accepting Lightning Network Payments. Since the soft fork of the Bitcoin Blockchain on August 24, 2017 known as Segregated Witness, second layer solutions for bitcoin scaling, such as the Lightning Network, were now able to be implemented. According to CoinDesk, the participating merchants will “trial …
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10 July
Bancor Hack Results in Loss of $23.5M
Bancor, an Israel-based company touting a decentralized cryptocurrency exchange which raised $153 million in ether during their ICO last year, disclosed to the public on 7/10/18 a security breach which resulted in the loss of 24,984 ETH (~$12.5M), 229,356,645 NPXS (~$1M), and 3,200,000 BNT (~$10M). The statement claims “a wallet used to upgrade some smart contacts was compromised” and was …
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9 July
New Study Predicts Mainstream Cryptocurrency Adoption Possible “Within the Decade”
According to new research published today from Imperial College London, bitcoin and other cryptocurrencies are the viable “next step” for money and has the potential to go mainstream within the decade. “New payment systems (or asset classes) do not emerge overnight but it is worth noting that the concept of money has evolved – even in our lifetime – from …
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June, 2018
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6 June
Apple Co-Founder Hopes Bitcoin Becomes Internet’s “Native Currency”
Apple co-founder Steve Wozniak is a believer in Bitcoin and blockchain technology, even though he has admitted that he is not invested. Wozniak was asked about comments made by Square and Twitter CEO Jack Dorsey, who stated that he hopes that bitcoin becomes the internet’s Native currency – Wozniak affirmed that he shares that hope on CNBC Monday, “I buy …
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