Another 24 hours of significant btc price gains have delighted bitcoin traders as fears of a pullback replaced by bullish sentiment. Bitcoin (BTC) felt more bullish than ever June 9 after another 24 hours of upside propelled markets close to $13,000. Market visualization courtesy of Coin360 Data from Coin360 painted a rosy picture for cryptocurrency […]
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LG CNS, a subsidiary of South Korean multinational conglomerate LG Corp., will apply blockchain to foster supply chain transparency for school cafeteria lunches. LG CNS, a subsidiary of South Korean multinational conglomerate LG Corp., will apply blockchain to foster supply chain transparency for school cafeteria lunches. The news was reported by business technology site ZDNet […]
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Fortress Investment Group has reportedly sent out an email offering to buy Mt. Gox creditors’ bitcoin claims for $900 per bitcoin. Fortress Investment Group is buying bitcoin (BTC) claims from Mt. Gox creditors, according to a report by CoinDesk on July 8. The Japan-based cryptocurrency exchange Mt. Gox filed for bankruptcy in 2014 after losing […]
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The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a recent study by Allied Market Research. The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a study published by market research and consulting firm Allied Market Research (AMR) on […]
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Grayscale announces renewed offering of bitcoin shares to accredited investors in a private placement. Grayscale Investments has resumed private placement of Grayscale Bitcoin Trust (GBTC) shares, according to a press release on July 8. According to the announcement, the private placement of GBTC shares is offered periodically to accredited investors — as defined in Rule […]
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Bitfinex has committed to using 27% of Tokinex’s past and future revenue for burning the LEO utility tokens. Bitfinex cryptocurrency exchange announced that it will spend 27% of past and future Tokinex revenue on burning LEO tokens, according to an official blog post on July 8. Bitfinex unveiled LEO in May as the native utility […]
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The U.S. SEC and FINRA have issued a statement on regulatory compliance issues for crypto custodians. The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) outlined regulatory compliance issues for cryptocurrency custodians in an announcement on July 8. According to the joint statement, the organizations have yet to discover […]
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Brazil’s diplomatic academy, the Rio Branco Institute, will now require that candidates have knowledge of cryptocurrencies and blockchain. The Brazilian diplomatic academy, the Rio Branco Institute, will now require that candidates have knowledge of cryptocurrencies and blockchain, Cointelegraph Brazil reported on July 8. The Rio Branco Institute — established in 1945 and offering two advancement […]
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The People’s Bank of China, the country’s central bank, is reportedly developing its own digital currency in response to Facebook’s Libra. China’s central bank is reportedly developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system, the South China Morning Post reported […]
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Indian authorities expressed concerns over Facebook’s long-awaited stablecoin Libra. India’s authorities have expressed concern over Facebook’s forthcoming stablecoin Libra, Bloomberg reported on July 8. Subhash Garg, Economic Affairs Secretary at India’s Ministry of Finance, told Bloomberg that the “design of the Facebook currency has not been fully explained. But whatever it is, it would be […]
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