Findings by PwC and Elwood confirm the extent of the challenges, with bitcoin prices since decisively reversing. The 2018 cryptocurrency bear market cost the median crypto hedge fund almost 50%, a new survey headed by PwC revealed on May 12. According to the findings, around 150 cryptocurrency hedge funds survived last year, which saw bitcoin […]
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The co-founder of blockchain protocol Tron is leaving, claiming the project has strayed from its founding principles. Lucien Chen — the former chief technical officer (CTO) and co-founder of blockchain protocol Tron (TRX) — has announced he is leaving the project, claiming it has become excessively centralized and strayed from its founding principles. Chen revealed […]
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Ethereum co-founder Joseph Lubin said that the Ethereum blockchain will become about 1,000 times more scalable in 18 to 24 months. Ethereum (ETH) co-founder Joseph Lubin said that the Ethereum blockchain will become about 1,000 times more scalable in 18 to 24 months. Lubin made his remarks during an interview with Cointelegraph on May 11. […]
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Paolo Ardoino made fresh comments prior to an official announcement, with a public token purchase phase now unlikely to go ahead. The CTO of cryptocurrency exchange Bitfinex appeared to confirm the entity had raised $1 billion in fresh investment in new social media comments on May 13. Following rumors that began with a major shareholder […]
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CEO Changpeng Zhao has announced that the platform plans to fully resume deposits and withdrawals tomorrow. Changpeng Zhao (CZ), CEO of major crypto exchange Binance, has announced that the platform plans to fully resume deposits and withdrawals tomorrow. CZ made the announcement in a security incident update published on May 12. As reported, Binance had […]
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Bakkt is pursuing self-certification as a licensed bitcoin custodian, as it looks to obtain CFTC approval for the launch of its physically backed BTC futures contracts. The Intercontinental Exchange (ICE) is reportedly taking steps to ensure approval from the United States Commodity Futures Trading Commission (CFTC) for its bitcoin futures contracts platform — Bakkt. ICE, […]
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Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin hovers just over $7,000. Sunday, May 12 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) holds over the $7,000 mark. Market visualization courtesy of Coin360 Bitcoin is down […]
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A deeper look into Starbucks’ crypto plans. The United States coffeehouse chain Starbucks is one of the most mainstream companies to look into crypto, and its intentions have finally been confirmed this week: The company has teamed up with Microsoft to track its beans with a blockchain. Moreover, reports say that the coffee giant might […]
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Stablecoin project Reserve announced that it will launch a Venmo-like payments app in Venezuela and Angola. Stablecoin project Reserve announced that it will launch a crypto-fiat payments app in Venezuela and Angola in a press release shared with Cointelegraph on May 12. In the same announcement, the firm revealed that it is listing its separate […]
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Fidelity may soon offer crypto trading, Facebook Coin may be launched in Q3 2019, and more. Top Stories This Week Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach Binance, one of the largest cryptocurrency exchanges by daily trade volume, experienced a security breach this week, losing a little over 7,000 bitcoins (BTC). CEO […]
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