news

Former Mt. Gox CEO Mark Karpeles Faces a 10 Years Sentence In Alleged Embezzlement Case

Mark Karpeles, the former chief executive officer of now-defunct Bitcoin exchange Mt. Gox, faces ten years in jail over alleged embezzlement, Japanese media report on Wednesday, December 12.

Crypto Exchange Kraken Considers Private Listing at $4B Valuation – Report

Leading U.S.-based bitcoin exchange Kraken is considering a private offering and has sent out emails to its high-value clients informing them about the investment opportunity, Finance Magnates reported.

CFTC Seeks Public Comments on Ethereum and Its Underlying Technology

The U.S. Commodity Futures Trading Commission (CFTC) has put out a Request for Information (RFI) asking for public comment and feedback to help it better understand Ether and the Ethereum blockchain, and the markets that have built up around it.

Winklevoss Brothers Launch Crypto Trading App Targeting Retail Investors

Gemini Trust Company, the digital asset exchange and custodian founded by Cameron and Tyler Winklevoss, announced that it had launched a new mobile app along with a new investment vehicle.

SegWit Inventor Launches New Open-Source Project to Improve Bitcoin Transaction Relay Mechanism

Dr. Pieter Wuille, co-founder of Blockstream and one of the most prolific Bitcoin Core developers, announced on Monday a new open-source project that will focus on making improvements to “BTC transaction relay.”

New Stablecoins See Significant Growth in Adoption While Tether Dominance Drops

According to the latest report by research firm Diar, four major stablecoins – USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) – have breached the $5Bn mark in on-chain transactions within the three-month period.

Crypto Derivatives Platform ErisX Raises $27.5 Million From Bitmain, Fidelity and Nasdaq Ventures

Chicago-based crypto trading platform ErisX has closed a Series B funding round that raised $27.5 million, the company anounced on Tuesday, December 4.

Mining Difficulty Records Second-Largest Drop in History as Bitcoin Price Hovers Below $4,000

The price of Bitcoin dropped below the $3,800 level on several exchanges on Monday, December 3, while the general pessimistic sentiment on the market reflected in declining Bitcoin’s network difficulty, which earlier today fell by more than 15 percent following the regular adjustment.

New FINMA FinTech License Will Allow Swiss Crypto Startups to Handle Up To $100 Million

The Swiss Financial Market Supervisory Authority (FINMA) has announced on Monday, December 3, that local blockchain and cryptocurrency startups can now apply for a new fintech license that would allow them to handle deposits of up to 100 million CHF ($100 million), just like traditional banks. According to the official announcement, starting from January 1, […]

DECENT Launches “Token 4 Hope”, a Donation Management Initiative for the Economically Disadvantaged

DECENT, a non-profit foundation behind the open source blockchain platform DCore, has announced it is developing Token 4 Hope, a humanitarian project aimed at helping economically disadvantaged individuals through tokenization, transparency, and credibility.

Canadian ASIC Chip Designer Squire Mining to Purchase CoinGeek for $45 Million

Vancouver-based Squire Mining is reportedly set to purchase CoinGeek, a crypto news publication and mining pool operator, for $45.3 million. As reported by Finance Magnates, the deal will make Squire Mining the world’s “largest, publicly traded Bitcoin miner.”

Coinbase Adds Privacy-Focused Zcash to its Pro Trading Exchange

Leading U.S. cryptocurrency exchange Coinbase announced it is launching Zcash (ZEC) trading on its professional trading platform Coinbase Pro.