The Latest Bitcoin News

August, 2018

  • 24 August

    SEC Set to Review Bitcoin ETF Rejections

    This story is based off of a Coindesk report. As previously reported, the SEC rejected the proposal for nine Bitcoin ETFs on Wednesday. According to the rejection letters, the SEC will be reviewing the orders, although they have not given a timeframe as to when the reviews will be finished. SEC secretary Brent Fields wrote in a letter to the …

    Read More »
  • 23 August

    SEC Rejects Nine Bitcoin ETFs

    The Securities and Exchange Commision has rejected the proposals for Bitcoin ETFs from ProShares, Direxion, and GraniteShares. The three orders, published 8/22/18, came prior to the deadlines set by the SEC’s public-facing approval process. In all of the rejections, the SEC used the same reasoning for the dismissal of Bitcoin ETFs, namely “…the Commission is disapproving this proposed rule change …

    Read More »
  • 22 August

    Another ETF Ruling Expected Tomorrow

    The rules that govern the Securities and Exchange Commission (SEC) deemed Thursday, August 23rd the day an official ruling for a ProShares application must be made based on the time it was submitted. This is not the first ETF ruling to come out of the SEC. All previous applications have been denied by the federal agency. ProShares, who filed an …

    Read More »
  • 21 August

    Premier League Teams Sign Advertising Deal – Paid in Bitcoin

    eToro, a trading platform based in the United Kingdom signed an advertising deal with seven Premier League soccer teams, the parties revealed August 21. This deal marks the first time that any of these clubs have been paid in Bitcoin, or any other cryptocurrency. The clubs involved in the deal include: Tottenham Hotspur, Brighton & Hove Albion, Crystal Palace, Cardiff …

    Read More »
  • 20 August

    Antonopoulos Against Bitcoin ETFs

    While many are still working to establish the first U.S. approved bitcoin ETF, prominent blockchain and cryptocurrency expert Andreas M. Antonopoulos has recently come out against the idea.   In his popular “Bitcoin Q&A” youtube video blog, Antonopoulos questioned how good an idea an ETF could be for decentralized blockchain systems. An ETF is a custodial service that can offer …

    Read More »
  • 17 August

    Paying Bail in Bitcoin

    Martin Marshic, the man charged with hacking video game company Electronic Arts, has been ordered by a federal court to pay his bail in cryptocurrency. Judge Jacqueline Corley out of San Fransisco set bail at $750,000 in bitcoin or any other kind of cryptocurrency. The Daily Post, which reports out of Palo Alto, spoke to US Assistant District Attorney Abraham …

    Read More »
  • 16 August

    HBUS – Huobi’s US-Based Strategic Partner Opens Trading

    Huobi just recently opened trading on its newly created US based ‘strategic partner’ HBUS. HBUS is live for trading, supporting 22 cryptocurrencies. As HBUS awaits the all-clear from regulators, trading on HBUS is not currently open to residents of Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington. The Singapore – based platform has been expanding its …

    Read More »
  • 15 August

    Square’s Cash App  Offers Bitcoin Trading in All 50 U.S. States

    Square’s Cash App users in all 50 United States now have the ability to buy and sell bitcoin on their platform. The company announced the final roll out in an August 13th tweet. The process of offering bitcoin on the Cash App began January 31, 2018 when users in all states other than New York, Georgia, Hawaii, and Wyoming had …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »
  • 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 …

    Read More »