The Latest News about Cryptocurrency

A new amended class action complaint has been filed against Coinbase, providing more detail on how insiders allegedly profited from the cryptocurrency exchange's rollout of bitcoin cash last December.

After Bitcoin broke below the critical support of $5,900, investors dumped their holdings, fearing a complete loss on investment.

On Nov. 20, Bitcoin shredded past its $5000 resistance-level to the $4000 price range, dragging most of the market downwards.

The Colorado Division of Securities has filed cessation orders against four Initial Coin Offerings allegedly involved in fraudulent and illicit practices, according to an official announcement Nov. 20.Colorado Securities Commissioner Gerald Rome issued the new cease and desist orders following investigations by the Division's ICO Task Force.

Controversy over Bitcoin Cash's hard fork continued Nov. 19 after Bitcoin Cash SV, one of the two new forks of the altcoin, suffered what is known as a blockchain reorganization.

Crypto game developer 0xGames, creator of blockchain-based space strategy 0xUniverse has created a new multi-blockchain competitive battler, titled 0xWarriors.

Ethereum's new Serenity update, which will enable the network to transition from a Proof-of-Work to a Proof-of-Stake consensus model, has been generating a lot of hype in 2018.

Cryptocurrency exchange Binance will use an automated Know Your Customer application provided by financial software firm Refinitiv, according to an announcement published Nov. 20.Binance personally confirmed the use of Refinitiv's software to Cointelegraph.

Retail giant Carrefour, headquartered in France and operating in more than 30 countries, is deploying a blockchain food tracking platform based on Hyperledger in its Spanish network, a press release states Tuesday, Nov. 20.The food tracking solution, initially developed by U.S. tech corporation IBM, will be used to track free-range chickens branded as "Calidad y Origen" that were raised in the northern region of Galicia without antibiotic treatment.

The California-based parent of Silvergate Bank has detailed its relationships with the cryptocurrency industry as part of its IPO filing with the Securities and Exchange Commission.

Two energy divisions of German tech giant Siemens have joined a blockchain-driven energy platform to promote the use of decentralized technologies in the sector, according to a press release published Wednesday, Nov. 21.According to Siemens, its Energy Management and Power Generation Services departments are partnering with open-source, scalable blockchain platform Energy Web Foundation, founded in 2017 to elaborate regulatory, operational, and market solutions for the energy sector.

The South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding with Yonsei University to collaboratively work on the development of blockchain talents, says a Tezos official press release published Nov. 21.The new agreement between the Tezos Korea Foundation and Digital Society Research Center at Yonsei University in Seoul aims to provide "Blockchain education cooperation, training of OCaml and smart contract experts." The MoU is primarily focused on human resources and education in the blockchain technology industry.

Circle Internet Financial had just under $127.5 million backing the dollar-pegged USD Coin at the end of last month, enough to redeem every token at the time, according to a major auditing firm.

A hybrid community-owned digital asset exchange is hoping to simplify trades and investments while driving down the cost of transactions.

The pace of bitcoin's ongoing sell-off is setting new records with every passing day, the latest being its test of a key long-term moving average for the first time in three years.

Major U.S. crypto mining and blockchain firm Giga Watt has filed for bankruptcy on Monday, Nov. 19, Washington daily newspaper Wenatchee World reported yesterday, Nov. 20.The top-five crypto mining firms entrant has reportedly filed for Chapter 11 protection in the Eastern District of Washington bankruptcy court, claiming that the firm is "Insolvent and unable to pay its debts when due."

Spencer Bogart, a partner at the venture capital firm Blockchain Capital, believes that crypto opportunities are "Still gigantic" despite the current bear market, the expert claimed in an interview with Bloomberg on Monday, Nov. 19.The expert at the crypto and blockchain-focused venture capital startup has maintained his pro-Bitcoin stance, pointing out the critical role of "Programmable money," which is supposed to gain even more popularity over time.

Authorities in the U.S. state of California have arrested a 21-year old New Yorker for the alleged theft of $1 million in crypto using "SIM-swapping," U.S. broadsheet the New York Post reported Nov. 20.SIM-swapping - also known as a "Port-out scam" - involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled by the fact that many firms use automated messages or phone calls to handle customer authentication.

The Colorado Division of Securities has issued another batch of cease-and-desist orders against allegedly fraudulent initial coin offerings.

The University of Tokyo will launch a blockchain course following a donation of nearly $800,000 from several companies, including Japanese banking giant Sumitomo Mitsui and the Ethereum Foundation, Cointelegraph Japan reports Nov. 21.In a Nov. 20 press release, SMBC lists five more contributors, apart from itself and the Ethereum Foundation, who contributed to the donation: Good Luck 3, JSS, Zipper, Hotto link, and Money Forward.

U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors.

The South Korean government will use blockchain technology for tracing beef and providing consumers with information from the food supply chain, Yonhap News Agency, the largest news agency in South Korea, reported yesterday, Nov. 20.

Blockchain technology firm Bitfury has added an investment banker to its board of directors, and a former U.S. Securities and Exchange Commission member to its advisory board, according to an official company blog post Nov 21.

While insurance is an opaque market, estimates of the total amount of coverage the industry is willing to provide to crypto custodians and exchanges top out at $6 billion - a drop in the bucket, considering that the top three exchanges each handle more than $1 billion of trades a day, to say nothing of the total market capitalization of all cryptocurrencies of $140 billion, even after this week's brutal sell-off.

Kakao Corp, a major South Korean Internet conglomerate, has established a subsidiary of the company in Singapore to attract foreign investments with cryptocurrencies, Seoul-based media outlet News1 reported Nov. 21.

Amazon Web Services, the company's cloud computing arm, has contributed to blockchain adoption.

Bitcoin could be in for a stronger recovery rally in the next few days, having found a temporary bottom near $4,000.

Bart Smith, digital asset head at U.S.-based global trading and technology firm Susquehanna, has said he is still a long-term Bitcoin believer amidst the market crash during an episode of CNBC's "Fast Money" Nov. 20.

MV Index Solutions, a subsidiary of New York-based investment management firm VanEck, has launched a new bitcoin index.

Crypto exchange Quoine and major liquidity provider B2C2 are the opposing parties in Singapore's first court case involving Bitcoin, which began Nov. 21, Singapore-based English-language daily The Straits Times reports.