Russian Economic Minister Says BTC Is ‘Soap Bubble’ But Lauds Crypto’s Influence on Tech

Russia’s economic minister has compared BTC with a “soap bubble,” while seeing its influence on increasing tech investments as positive. The Minister of Economic Development of Russia referred to Bitcoin (BTC) as a “soap bubble” that has has led to investors’ losses, Russian informational agency RBK reported Nov. 28. Minister Maksim Oreshkin, speaking in an […]

Continue Reading

Microsoft Japan Partners With Startup to Increase Domestic Blockchain Uptake

Microsoft and LayerX hope to propagate blockchain technology throughout Japan’s domestic market. The Japanese arm of computer giant Microsoft has partnered with nascent blockchain startup LayerX to “accelerate” uptake of the technology, Cointelegraph Japan reported Nov. 30. LayerX, which formed in August as a joint venture from news curation app Gunosy and advisory service AnyPay, […]

Continue Reading

UBS Executive Paul Donovan Blasts Bitcoin Again, States Cryptos Are ‘Fatally Flawed’

UBS’ Paul Donovan repeats Bitcoin bashing from last year, claiming it will “never be a currency.” Swiss bank UBS’ Wealth Management Global Chief Economist and infamous Bitcoin skeptic Paul Donovan doubled down on his distrust of cryptocurrency Nov. 29, calling it “fundamentally flawed.” Speaking to CNBC’s Fast Money segment, Donovan, who earlier this week released […]

Continue Reading

First Blockchain Association in Mexico Established

Seven blockchain industry players, including ConsenSys, have launched the first blockchain association in Mexico. The first blockchain association in Mexico has formed, its founding members including industry players like blockchain software firm ConsenSys, Forbes Mexico reported Nov. 28. The Blockchain Association of Mexico was established companies Bitso, Volabit, BIVA, GBM, Lvna Capital, ConsenSys and Exponent […]

Continue Reading

Decentralized Exchange Concludes $15 Mln Funding Round Supported by Huobi and OKCoin

Crypto exchange BHEX has concluded a $15 million funding round in anticipation of its official launch in the following days. Decentralized cryptocurrency exchange BHEX Exchange has concluded a $15 million funding round with support from major exchanges like Huobi and OKCoin, according to a press release shared with Cointelegraph Nov. 29. Per the release, BHEX’s […]

Continue Reading

US SEC Charges Floyd Mayweather Jr and DJ Khaled for Unlawfully Promoting ICO

The U.S. SEC has announced settled charges against Floyd Mayweather Jr. and DJ Khaled for unlawfully advertising an ICO. The U.S. Securities and Exchange Commission (SEC) has charged professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled for unlawfully advertising Initial Coin Offerings (ICOs), according to a press release published Nov. 29. Per the […]

Continue Reading

Coinbase Pro Launches Support for Zcash

U.S.-based crypto exchange Coinbase has added support for Zcash on its Coinbase Pro platform. Major U.S. cryptocurrency exchange Coinbase has launched support for Zcash (ZEC) on its Coinbase Pro platform, according to a company blog post published Nov. 29. Zcash is a cryptocurrency based on a decentralized blockchain, designed with the goal of making transactions […]

Continue Reading