Maksim Zaslavskiy’s guilty plea could net him up to 37 months in prison for ICO token fraud. The suspect at the center of the U.S.’ first Initial Coin Offering (ICO) fraud case has pleaded guilty in court, in part settling a case seen as a bellwether for the country’s securities laws, Bloomberg reported Nov. 15. […]
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Executive Board member of the European Central Bank, Benoit Coeure, considers Bitcoin to be the “evil spawn of the [2008] financial crisis.” Executive Board member of the European Central Bank (ECB) Benoit Coeure considers Bitcoin (BTC) to be the “evil spawn of the [2008] financial crisis,” Bloomberg reports Nov. 15. Coeure reportedly made his acid […]
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Bitcoin’s slump will take “weeks, if not months” to repair the damage and to build sustainable support for multi-month rally, analyst reports. lt will take “weeks, if not months” to repair the “technical damage” caused by the recent collapse of Bitcoin (BTC), according to a Fundstrat Global Advisors analyst, Bloomberg reports today, Nov. 15. In […]
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Malaysian lending giant CIMB Group Holdings Bhd. has signed on to use Ripple’s xCurrent technology for expediting cross-border payments. Malaysian lending giant CIMB Group Holdings Bhd has joined Ripple’s (XRP) cross-border payments network RippleNet, Bloomberg reports Nov. 15. The $53.5 billion market cap CIMB will integrate Ripple’s XCurrent product, a software solution for expediting cross-border […]
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Top global exchange OKEx has announced early delivery of Bitcoin Cash futures immediately after trading stop time today. The world’s current biggest crypto exchange OKEx has announced early delivery of Bitcoin Cash (BCH) futures contracts immediately after trading stop time today, Nov. 14, according a press release shared with Cointelegraph. As per the announcement, all […]
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Bitcoin pioneer Jeff Garzik has said that while the coin may not have evolved into currency as he envisioned at the outset, it’s still “unquestionably a success” as a store of value. Bitcoin (BTC) pioneer Jeff Garzik has said that while the leading cryptocurrency may not have evolved into a means of payment as he […]
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In the most recent development in a case brought to court by the Winklevoss twins, a judge has ruled to end a freeze on the defendant’s assets. Judge Jed Rakoff has ruled to end the freeze on Charlie Shrem’s assets in a lawsuit brought against him by the Winklevoss brothers, Bloomberg reports Nov. 8. In […]
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Morgan Stanley’s report shows Bitcoin’s appeal to institutional investors as the market evolves. On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison […]
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Bitcoin futures trading on the U.S. Chicago Board Options Exchange (CBOE) hit record low volatility levels in October, in stark contrast to the rocky global equity markets. Bitcoin (BTC) futures trading on the U.S. Chicago Board Options Exchange (CBOE) hit record low volatility levels in October, in stark contrast to the rocky global equity markets, […]
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Bank of America leads in the blockchain patent race On October 30, Bank of America (BofA) added yet another cryptocurrency-related patent to its collection of more than 50 applications filed within the same field. The second-largest bank in the US has been leading in the informal blockchain patent race, sidestepping such players as IBM and […]
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