The Latest News about Cryptocurrency

A U.S. federal court has ruled that law firm Silver Miller's money laundering-related class action lawsuit against crypto exchange and wallet Coinbase must be held in open court as opposed to a private arbitration boardroom, Silver Miller attorney David Silver told Cointelegraph in an email today, April 23.

Developers of Ethereum, the largest altcoin by market capitalization, have published Ethereum Improvement Proposal #1011 on Friday, April 20, to create a hybrid system of consensus that seeks to push the network away from issues associated with crypto mining.

The SEC has recently created a Cyber Unit focused on investigating digital misconduct and fraud to protect retail investors.

The Chinese government has recently reiterated its negative stance towards Initial Coins Offerings and cryptocurrency exchanges at a news conference in Beijing, claiming that financial authorities will continue to monitor private lenders' interest rates, securities companies, and futures firms to combat illegal fundraising, Reuters reports April 23.

Coinbase has lost another appeal in a lawsuit brought by former customers of the defunct cryptocurrency exchange Cryptsy, and the case will now proceed to a jury trial.

Indian Bitcoin exchange Coinsecure says it has started work on the claims process for customer funds lost in the theft of 438 BTC from the exchange's wallet earlier this month, in an update posted on its website April 21.

The crypto market is continuing to grow with only slight dips today, April 23, as Bitcoin remains close to $9,000 after two weeks of gains and total market cap hits a 7-week high, according to data from CoinMarketCap.

Traditional financial institutions and big banks in the UK haven't been overly supportive of cryptocurrencies over the years, but change could be on the horizon.

Goldman Sachs has hired crypto trader Justin Schmidt as vice president of digital asset markets of their securities division in order to help clients navigate cryptocurrencies, Bloomberg reports today, April 23.

Orchid Labs is raising $125 million in a SAFT sale, filings from the Securities and Exchange Commission reveal.

The over-the-counter trading platform of Goldman Sachs-backed financial services startup Circle doubled its minimum Bitcoin trade amount to $500,000 amid what it calls a "Robust market", Business Insider reports Monday, April 23.

Blockchain "Maximalism" will not solve internet privacy concerns, Amber Baldet said on Monday.

California could become the next U.S. state that allows companies to store data - including information about stockholders - on a blockchain.

The launch of a 500 mln yuan Blockchain venture capital fund for Chinese city Shenzhen was announced at a Blockchain Expo held in the city, local news outlet Sohu reported yesterday, April 22.

Emin Gun Sirer, Professor of Computer Sciences at Cornell University, said at the Genesis London Conference earlier this year that "Ethereum delivers a higher-degree of decentralization than Bitcoin".

The Icelandic man who allegedly stole Bitcoin mining hardware worth $2 mln vowed to return home in a statement reported by local news media outlet Fréttablaðið April 20.

The world's fourth largest cryptocurrency looks overbought and due for a pullback.

The High Court of Delhi has issued a notice to India's central bank over its order barring banks from engaging with cryptocurrency services, following a petition from a bitcoin exchange operator.

Former Goldman Sachs partner and government regulator Gary Gensler believes that altcoins Ethereum and Ripple should likely be considered unregistered securities, The New York Times reported Sunday, April 22.

Iran's financial businesses should not deal in bitcoin or other cryptocurrencies, according to the country's central bank and one of its principal market regulators.

Line, the Japan-based messaging app provider, is planning to build a custom blockchain aimed to boost development of decentralized apps for its platform.

For over two years, Coinbase users in Wyoming have been unable access their cryptocurrency.

The city government of Shenzhen, China, is backing a dedicated blockchain investment fund, soon after Hangzhou city supported a similar effort.

The central bank of Iran has banned domestic banks and other financial institutions from dealing in cryptocurrencies, citing money-laundering concerns first raised in a circular from December 2017, Reuters reported Sunday, April 22.

Having witnessed a major bullish breakout, bitcoin is now struggling to find acceptance above the $9,000 mark.

In bid to reduce carbon emissions, a group of Japanese technology and energy firms is launching a pilot project aimed to allow consumers in rural areas to trade renewable energy over a blockchain-based platform.

Tezos, the blockchain project backed by the largest ever initial coin offering at the time of its 2017 launch, hasn't exactly been able to translate its hype into success as yet.

As the week closes, we reflect on some of the maneuvers in the crypto arena that have seemingly placed most major digital currencies in the green after a somewhat shaky start to the week.

The National Bank of Dubai, one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud, local news outlet Arabian Business reported Saturday, April 21.

A Blockchain-based platform which aims to boost the earnings of social media influencers by eliminating their reliance on middlemen has forged several new partnerships ahead of its launch.