The Latest News about Cryptocurrency
Find the latest, and the most interesting, cryptocurrency news collected from around the net.
Crypto Lending Startup BlockFi Slashing Interest Rates on Ether Deposits
Cryptocurrency lending startup BlockFi is almost halving the interest rates it offers on ether deposits, while some bitcoin rates will increase slightly.
Russia's Central Depository to Launch Security Token Blockchain Next Month
Russia's National Settlement Depository plans to launch its long-awaited digital asset ledger next month - 5,000 kilometers away from the institution's Moscow headquarters.
Crypto Merchant Bank Galaxy Digital Sells Shares in EOS Creator Block.One for $71 Mln
Crypto merchant bank Galaxy Digital has sold its shares in EOS developer Block.
Circle Sheds 10% of Workforce as CEO Blames Restrictive US Regulatory Climate
The CEO of Goldman Sachs-backed crypto finance startup Circle blamed a hostile regulatory climate in the United States as he confirmed layoffs of 30 staff on social media May 21.
Hackers Steal $100,000+ Worth of BTC From Engineering Manager at Crypto Custodian BitGo
Sean Coonce, engineering manager at cryptocurrency custodian BitGo, announced that he has fallen victim to a SIM swapping hack in a Medium post published on May 20.
USD Stablecoins Hit Spot Trading Volume Record Highs, With USDT Still Dominating Market
Cryptocurrency research firm Diar indicates that the market capitalization for USD stablecoins has hit all-time highs and exceeded $4 billion, according to its latest weekly report published on May 21.
Brazil Shuts Down Cryptocurrency Pyramid Scheme That Defrauded 55,000 of $200 Million
Brazillian police have arrested ten people suspected of operating a cryptocurrency pyramid scheme worth 850 million reals, local news media outlets including Correido Do Povo reported on May 21.
EOS Developer Block.One Attempts 10% Private Buyback of Its Stock
One is attempting a 10% buyback of its stock, offering backers a share repurchase price that will return as much as 6,567% on their initial investments.
Japan: Crypto Exchanges See Threefold Increase in New Accounts Since March
Japanese cryptocurrency exchanges have seen new account openings increase up to 200% in the past two months, Cointelegraph Japan reported on May 22.
Blockchain Credit Union Consortium to Use R3's Corda for Cross-Border Payments Product
CULedger, a blockchain consortium and credit union service organization, has chosen enterprise software firm R3's Corda blockchain to underpin its forthcoming cross-border payments product.
Crypto exchange Cobinhood files for bankruptcy in alleged exit scam
Cobinhood, a well-known Taiwanese cryptocurrency exchange, allegedly pulled an exit scam after filing for bankruptcy.
$71 Million: Galaxy Digital Sells Stake in EOS Blockchain Maker Block.One
Galaxy Digital, the crypto merchant bank founded by former hedge fund manager Michael Novogratz, has received $71.2 million after selling its shares in Block.
New Zealand Blockchain Group to Request Government Blockchain Strategy
New Zealand-based blockchain industry group BlockchainNZ announced that it will request a national blockchain strategy from the government next Thursday, according to a press release on May 21.The executive director of Blockchain NZ, Mark Pascall, will give a presentation to the New Zealand parliament's economic development, science and innovation select committee hearing on the potential economic advantages of implementing blockchain tech solutions in the country.
Ethereum Foundation Announces Details on $30 Network Development
The Ethereum Foundation has announced a three-pronged approach to allocating the $30 million it has designated for developing the Ethereum network over the next year, in an official blog post on May 21.The breakdown for the three categories is future projects at $19 million, current projects at $8 million, and developer supports at $3 million.
$19 Million: Ethereum Foundation to Fund Work on 2.0 Upgrade, Plasma and More
The Ethereum Foundation detailed Tuesday how an estimated $30 million will be spent by the organization on key projects within the ethereum ecosystem.
Report: Chinese E-Commerce Giant JD.com Has Applied for Over 200 Blockchain Patents
Chinese e-commerce giant JD.com has applied for over 200 blockchain patents, according to a report by Securities Daily News on May 20.
BlockFi Crypto Management Firm Adjusts Interest Rates
Cryptocurrency asset management company BlockFi announced a change to its interest rates in a monthly update on May 21.
Bitfinex and Tether Move for Case Dismissal Over Lack of Jurisdiction
Bitfinex and Tether lawyers are moving to dismiss their ongoing case versus the New York Attorney General, according to court filings on May 21.Law firms representing the two companies argue that the New York Supreme Court does not have jurisdiction over the alleged misconduct being considered.
Study: Bitcoin Derivatives Exchanges Register Record Trading Volumes
Cryptocurrency research firm Diar has indicated that institutional traders recently registered record high volumes on bitcoin derivatives exchanges in a report published on May 21.Per the report, bitcoin derivatives trading on the Chicago Mercantile Exchange hit an all-time-high for two months in a row.
Firefox Quantum Offers Anti-Cryptojacking Feature
Firefox Quantum, the latest version of open-source internet browser Firefox, has a new privacy toggle that protects against cryptojacking, according to a blog post by Mozilla on May 21.Mozilla previously warned official blog post that websites can deploy scripts that launch a crypto miner on a user's machine without them being aware - a practice known as cryptojacking.
Central Bank of Laos Issues Warning Against Using Cryptocurrency
The central bank of Laos has warned the public against the use, purchase or sale of digital currencies, local news outlet Vientiane Times reported on May 21.The Bank of the Lao PDR has issued a warning to financial market participants and the public against cryptocurrency transactions as they are considered illegal in the country.
Investors snap up Kraken stock in $10.2 million tokenized equity offering
Kraken, one of the oldest cryptocurrency exchanges, reached out to its customers via email offering them tokenized stock in the company.
Craig Wright Is Playing Three-Dimensional Checkers
Craig Wright's attempt to copyright the bitcoin white paper is a bold, if silly, move by a person who may be both of those things.
Dutch Man Arrested Over $2.2 Million Bitcoin Mining Fraud
A 33-year-old man in the Netherlands has been arrested for bitcoin mining fraud worth over €2 million.
Crypto Startup Circle Lays Off 30 Employees Citing Market, Regulatory Conditions
Crypto startup Circle has laid off roughly 30 people, or about 10 percent of its staff, CoinDesk has learned.
At Blockchain Week, Maturity Is the Motto as Ethereum Organizations Push Toward 2.0 Upgrade
The ethereum movement, headed by flagship organizations like the Ethereum Foundation and the Brooklyn-based conglomerate ConsenSys, emerged from Blockchain Week 2019 with a common goal and a newfound sense of urgency.
Bitfinex Argues Why Judge Should Dismiss NYAG Case in Latest Court Filings
Bitfinex and Tether have asked a judge to dismiss the New York Attorney General's case against the controversial cryptocurrency firms, claiming they have no customers in the state.
Crypto Custody Firm Ledger Vault to Provide Services to Crypto Broker Voyager Digital
Ledger Vault, the custody arm of hardware wallet manufacturer Ledger, will provide its services to Canadian cryptocurrency broker Voyager Digital, according to a press release shared with Cointelegraph on May 21.
Circle CEO Jeremy Allaire: Crypto Space Needs Regulatory Certainty
The cryptocurrency space needs regulatory certainty and the current definition of cryptocurrency is too broad, said the CEO of crypto finance startup CIrcle, Jeremy Allaire, in a blog post on May 20.
Tether Says It Invested Some of Its Reserves Into Bitcoin and Other Assets
Stablecoin issuer Tether said that it had invested some of its reserves in bitcoin, according to a court filing obtained by tech-focused media outlet the Block on May 21.