The Latest News about Cryptocurrency

Wednesday, April 3 - Bitcoin has tested the $5,000 mark for the first time since November 2018, as crypto markets are on the rise for the third day in a row.

Offchain Labs, a startup co-founded by a former Obama administration official, has raised a $3.7 million in seed funding.

Biotechnology company turned mining firm Riot Blockchain reported a 2018 net loss of about $58 million in its financial report released on April 2.

The Jamaica Stock Exchange is soon to trial bitcoin and ether trades with help from Canadian fintech firm Blockstation.

The crypto market sprang back to life with bitcoin's surge to 4.5-month highs yesterday.

Yesterday, bitcoin's price hit 5-month highs over the course of an hour-surging from $4,200 to $5,000.

China's cyberspace administration has released the first list - 197 companies long - of registered blockchain service providers, according to their March 30 notice.

The blockchain platform built by one of the United Arab Emirates' two telecoms operators has received an official endorsement from the government as part of the country's blockchain integration, executives confirmed in a press release on April 3.

Switzerland-based blockchain, Internet of Things and cybersecurity firm WISeKey has acquired a 22 percent interest in American data infrastructure firm Tarmin through a multi-million USD transaction, exact amount unspecified.

Crypto trading platform Liquid.com has been backed by Bitmain and IDG Capital in a funding round that, it says, makes it the latest crypto unicorn.

Browser-based blockchain payments system Nimiq has acquired a 9.9 percent stake in Germany's WEG Bank AG, according to an official announcement published on April 3.

Blockchain payments startup Celo has raised $30 million from well-known crypto investors Polychain Capital and Andreessen Horowitz, the Wall Street Journal reported on April 2.

Reessen Horowitz's cryptocurrency fund A16z Crypto and venture capital firm Polychain Capital have invested $25 million in cryptocurrency payments startup Celo.

A recent report from Bloomberg showed that both EOS and Tron have surpassed the platform in popularity with both users and developers, putting its market share in danger.

61 percent of high-profile digital companies worldwide are investing in blockchain, according to a report by identity management firm Okta shared with Cointelegraph on April 2.

Japanese crypto trading platform Liquid has hit unicorn status with the first close of an ongoing Series C funding that puts the company valuation at over $1 billion.

A real mining project is planning to utilize blockchain technology to maximize the potential of land rich with precious metal and natural resources.

The Dolder Grand, a five-star hotel based in Switzerland, will begin accepting bitcoin payments starting next month.

Forks Bitcoin Cash and Bitcoin SV have posted astronomical gains following Bitcoin's run up to $5,000.

United States-based Blockchain Holdings Capital Ventures has partnered with SG Blocks, which uses cargo shipping containers in construction to develop its multi-container data centers, according to press release on April 1.The blockchain company, which focuses on real estate, energy and technology companies, will be SG Blocks' sole partner in designing decentralized data centers.

Tuesday, April 2 - The leading cryptocurrency Bitcoin is holding its gains following a rally last night, with other major cryptocurrency markets registering solid growth as well.

Bitcoin's price recorded an impressive 19 percent rally from $4,200 to nearly $5,000 while market capitalization increased by $20 billion within the span of an hour.

American venture capital firm Andreessen Horowitz is restructuring by registering all of its employees as qualified financial advisors, Forbes reported on April 2.Andreessen Horowitz - a Silicon Valley company specializing in investing mostly in technology and financial services startups, having raised $1.7 billion across seven funds - told Forbes that it is registering their all 150 employees as financial advisors, which renounces the company's status as a venture capital firm entirely.

Major American cryptocurrency exchange Coinbase has revealed details of its insurance coverage for its hot wallet crypto holdings, reportedly covering a $255 million limit via a Lloyd's of London-registered broker.

A month and a half after calling bitcoin "Brilliant," the Tesla and SpaceX founder lauded one of the crypto market's longest-running, and famously whimsical, alternatives.

This is an increase on its original claim of $75 million that it sued Mt. Gox for in 2013.

Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, said that the next Bitcoin target is going to be $6,000, CNBC reported on April 2.During an interview on CNBC's "Futures Now" show, Kelly stated that "Probably a reasonable target is close to $6,000 for this move." Kelly's statement comes in the wake of a price surge elast night when the leading coin skyrocketed by over 15 percent and broke the $5,000 price mark for the first time since last November.

Almost 30 percent of the equity in WEG Bank AG, a previously obscure German bank focused on the real estate industry, is now owned by companies in the cryptocurrency industry, CoinDesk has learned.

Reessen Horowitz can now back crypto startups with potentially up to $1 billion, after reportedly making some recent internal changes.

Austrian Minister for Digital and Economic Affairs, Margarete Schramboeck said that "We do not need regulation for blockchain," technology-focused media outlet Trending Topics reported on April 2.