The Latest News about Cryptocurrency

The Harvard University endowment fund made an unprecedented investment in the cryptocurrency tokens of blockchain startup Blockstack, enabling the company to raise $48 million in its private token sale.

John Berlau, a senior fellow at libertarian think tank Competitive Enterprise Institute, criticized the United States Securities and Exchange Commission's approach to regulating cryptocurrencies.

San Francisco-based blockchain project Thor Token is shutting down as the project "Was not able to gain traction and achieve commercial success." The news was announced by co-founder and CEO at Thor, David Chin on April 9.Thor - which was built on Neo - has announced it is closing its doors as it reportedly could not manage to raise enough capital to come up against the lack of sales, as well as find a new place where it could benefit from more resources.

State-backed venture capital firm Ben Franklin Technology Partners has rolled out a blockchain-based onboarding and tokenization platform.

Members of the United States Congress sent a joint request to the Internal Revenue Service to provide clarity on reporting crypto taxes, according to an announcement on April 11.21 different representatives sent a bipartisan letter to the U.S. tax authority requesting guidance on how to report virtual currency taxes.

Horizen Labs - a tech firm that helps businesses build distributed ledger platforms - has raised $4 million in funding, according to a blog post published on April 11.

A new filing with the U.S. Securities and Exchange Commission shows that prominent venture fund Polychain had $591.5 million in assets under management at the end of March.

Bithumb, South Korea's largest cryptocurrency exchange, has posted a net loss of 205.5 billion won for 2018.

New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers.

Investors who hold tokens in the programmatic lending protocol MakerDAO appear likely to approve a fifth fee increase that would further raise the cost of platform's US dollar-backed stablecoin DAI. Since Monday, five different options have been presented to MakerDAO token holders, all of which suggested different possible increases to the platform's "Stability fee," the most extreme being a 4 percent increase.

A former engineering executive at PayPal and Google will join the team behind the institutional digital asset platform Bakkt, the firm's CEO Kelly Loeffler announced in a blog post on Medium on April 11.

Charles Hoskinson, the co-founder of Ethereum and current CEO of IOHK, recently appeared as a guest on the Ivan on Tech podcast and revealed the progress of the Cardano blockchain.

Cryptocurrency hedge fund Polychain Capital saw its assets under management shrink from an erstwhile $1 billion high to $591.5 million in Q4 2018.

Almost a year after a blanket ban on cryptocurrencies, Pakistan has come a long way in its attitude toward the space.

Decentralized computing network Blockstack has applied to the United States Securities and Exchanges Commission to launch a $50 million token sale which - if approved - would be the industry's first SEC-qualified offering.

The lawmakers' letter, addressed to IRS Commissioner Charles Rettig, explains that taxpayers may find it difficult to calculate how much they owe the agency due to unanswered questions about how the IRS is treating various cryptocurrencies.

The crypto and blockchain industry is about a fundamental redesign of the basics of how civic society will ultimately function, according to Circle CEO Jeremy Allaire.

The world's third-top cryptocurrency exchange by adjusted volume, Binance, announced that it has partnered with blockchain analytics company CipherTrace.

Reddit users analyzed past Bitcoin withdrawals from the now-defunct QuadrigaCX cryptocurrency exchange in a post published on April 10, finding that some came from other exchanges.

Coinbase, one of the biggest cryptocurrency exchanges based in the United States, has announced the launch of the Coinbase Card.

New York-based payments startup Flexa just raised that amount in a private token sale involving Pantera Capital, 1kx, Nima Capital, Access Ventures and others.

United States food and drug chain Albertsons Companies has become the latest client retailer of IBM's Food Trust blockchain platform, the company confirmed in a press release on April 11.

Malta-based cryptocurrency exchange Binance is embarking on a multi-pronged push to boost compliance procedures across its platform.

Last week, Bitcoin skyrocketed to $5,000 within just a few hours, breaking the three-month stagnation.

Enterprise-focused distributed ledger tech startup Digital Asset has landed another high-profile partner.

Indian IT services company Tata Consultancy Services announced on April 10 that it carried out what it defines as the world's first cross-border securities settlement between two central depositories using the Quartz blockchain.

Two South Korean universities will develop an entire Blockchain Campus with its own cryptocurrency, local English-language daily news outlet Business Korea reported on April 3.

Bitcoin futures exchange Bakkt has hired a PayPal and Google veteran as its new chief product officer.

Global messaging app Telegram has reportedly launched a private beta testing of its blockchain, Telegram Open Network, Russian media outlet Vedomosti reports on April 11.

Albertsons Companies, the world's second-largest supermarket company by sales, has joined IBM's Food Trust blockchain, a digital system for tracking and tracing food between retailers and suppliers.