News

U.S. foes are weaponizing cryptocurrency says new report  Yahoo Finance

A new study from the Foundation for Defense of Democracies (FDD) claims cryptocurrencies are being used by U.S. adversaries to circumvent the nation's ...

Why (Almost) Everybody Hates Facebook's Cryptocurrency Libra  Washington Post

Facebook Inc. says its mission is to “bring the world closer together.” Its plans to launch a digital currency called Libra have succeeded in uniting central bankers ...

Municipal Crypto Spreading Around the World, From California to Dubai  Cointelegraph

Everything you need to know about municipal cryptocurrencies and where in the world they are being implemented.

Dimon plays down Facebook's crypto: 'We're going to be talking about Libra' years from now  CNBC

Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin.

Cryptocurrency Crimefighter Chainalysis Becomes First Blockchain Company To Make Next Billion-Dollar Startups List  Forbes

Two years ago, Jonathan Levin testified in front of a U.S. financial services panel that his little-known company, Chainalysis, had located 650,000 missing bitcoin ...

Trump’s hostile view of Bitcoin and crypto could chill industry  Computerworld

President Donald Trump has weighed in on the cryptocurrency debate, saying in a series of tweets Friday that he's not a fan of Bitcoin or blockchain-based ...

MyDashWallet was compromised for 2 MONTHS — users, move your cryptocurrency  The Next Web

MyDashWallet, a *service* that purports to be the fastest way of using DASH cryptocurrency, has revealed its platform was compromised for two whole months, ...

$32m stolen from Tokyo cryptocurrency exchange in latest hack  The Guardian

Bitpoint suspends services after apparent theft of virtual monies including bitcoin.

Why governments around the world are afraid of Libra, Facebook’s cryptocurrency  The Washington Post

Since Facebook announced plans last month for its own cryptocurrency called Libra, it has ruffled feathers and sparked fears among governments all over the ...

India: Leaked Draft Bill Would Ban All Crypto Except ‘Digital Rupee’  Cointelegraph

Draft legislation that would allegedly impose a ban on the use of cryptocurrencies in India is being circulated by local blockchain legal experts on social media.

Cleveland Cavaliers Partner With Cryptocurrency Firm UnitedCoin  Cointelegraph

Ohio-based professional basketball team the Cleveland Cavaliers (The Cavs), along with its associated esports club Cavs Legion GC, have partnered with the ...

UK regulator looking to hire series of cryptocurrency specialists  The Block Crypto

The UK's Financial Conduct Authority (FCA) is getting serious about cryptocurrencies. According to a job posting, it is looking to hire a Crypto Intelligence ...

55,000 cryptocurrency users affected in Bitpoint’s $28 million hack  The Next Web

The president of embattled cryptocurrency exchange Bitpoint has revealed the full extent of last week's $28 million hack.

The Cryptocurrency Rush Transforming Old Swiss Gold Mines  WIRED

The small village of Gondo, high in the Alps on the Simplon Pass between Switzerland and Italy, traces its origins to the 17th-century gold mines of Kaspar ...

What’s a cryptocurrency exit scam and how do I spot one?  The Next Web

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and info to keep you up to date in the cryptocurrency and blockchain world.

'Joke' Bitcoin Rival And Elon Musk's 'Fav' Cryptocurrency Is Suddenly Soaring  Forbes

Bitcoin and the wider cryptocurrency market has been surging recently, pushed on by iPhone maker Apple and social media giant Facebook's newfound interest ...

UK Royal Mint to Provide Custody for New Cryptocurrency  Cointelegraph

Royal Mint, the sole manufacturer of coins in the U.K., will store private keys for crypto in its digital vault for the first time.

Facebook’s ‘cryptocurrency’ Libra has nothing to do with Bitcoin  VentureBeat

Facebook's Libra is not a cryptocurrency and won't offer the kinds of protections that Bitcoin does. It's a way for Facebook to track what you buy.

Criminal Gang Abducts and Tortures Cryptocurrency Traders, Demands Massive Bitcoin Ransom  Newsweek

A criminal gang operating in India kidnapped and tortured cryptocurrency traders in recent weeks before demanding 80 bitcoins as ransom, police say.

The Anatomy Of A Fake Cryptocurrency Trade: How Exchanges Create Phony Transactions  Forbes

A new report by Alameda Research, a crypto trading firm that trades $1 billion in digital assets a day, reveals a clever set of tricks used by crypto exchanges to ...

Facebook Libra cryptocurrency a 'serious concern' for Federal Reserve, report says  CNET

Even more regulators are examining Facebook's cryptocurrency, Libra. Omar Marques/Getty Images. The US Federal Reserve System has added its voice to the ...

Facebook's Libra cryptocurrency faces more backlash  CNET

The Indian government has joined the Libra pushback, a report says.

Bitcoin price crash sees cryptocurrency lose 10 per cent of its value in less than 24 hours  The Independent

Bitcoin has lost more than 10 per cent of its value over the last 24 hours, causing a flash crash across the cryptocurrency market. Ethereum, ripple, litecoin and ...

Facebook’s Libra helps power bitcoin to 15-month high and new interest in cryptocurrency  The Washington Post

After months of “crypto winter,” bitcoin surged above $11,000 for the first time since March 2018, and experts think Facebook could be fueling the rise.

Facebook announces Libra cryptocurrency: All you need to know  TechCrunch

Facebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees. You'll ...

What Bitcoin Breaking $11000 Means for the Crypto Market's Future  Investopedia

Bitcoin, which collapsed to a low of $3,100 in December, smashed through the $11,000 mark on Sunday after breaking through the critical $10,000 level.

A Monumental Fight Over Facebook's Cryptocurrency Is Coming  CoinDesk

Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative. The following ...

Facebook’s cryptocurrency Libra, explained  The Verge

Is it even a cryptocurrency? Is it using the blockchain? Do those things even matter? What will the IRS do? And what does Starbucks have to do with any of this?

Cryptocurrency Startups Get Partial Green Light from Washington  Wall Street Journal

Washington is opening the door a crack for cryptocurrency startups that want to disrupt some of Wall Street's traditional businesses.

John McAfee Offers to Build Cuba's First Cryptocurrency  CoinDesk

The cybersecurity expert and tech entrepreneur John McAfee recently declared his willigness to work with Cuba's government as a crypto advisor. McAfee ...

How Cryptocurrency Projects Are Tackling Transparency and Security Problems  Entrepreneur

Blockchain is here to stay, but what are some ways to make it more stable?

Cryptocurrency: what happens when you put your life savings into bitcoin?  Vox.com

When I jumped on a WhatsApp call with 41-year old Didi Taihuttu, he was a few days away from joining his family on CoinBank's annual Mediterranean ...

Libra Isn't a Cryptocurrency. It's a Glimpse of a New Asset Class  CoinDesk

Noelle Acheson is a veteran of company analysis and a member of CoinDesk's product team. The opinions expressed in this article are the author's own.

FCA proposes ban on cryptocurrency products  The Guardian

The UK's markets regulator has proposed a ban on financial instruments linked to digital cryptocurrencies such as bitcoin, warning that such products could ...

Survey: Generation Z Does Not Plan to Buy Cryptocurrency  Cointelegraph

Most of Generation Z does not plan to buy cryptocurrency, according to the results of a recent survey.

Regulatory Overview of Crypto Mining in Different Countries  Cointelegraph

A move by the Iranian government to cut off the power supply to local Bitcoin (BTC) miners grabbed headlines in June amid a soaring price gain by the ...

Miami Dolphins to Endorse Litecoin as Team’s Official Cryptocurrency  Cointelegraph

The Miami Dolphins have partnered with Litecoin to support the altcoin as the team's official cryptocurrency.

Thailand Approves 4 New Cryptocurrency Service Providers  Bitcoin News

The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new ...

Telegram Cryptocurrency Offered at Triple ICO Price  Bloomberg

Even before Gram is released to the public, Telegram Messenger's cryptocurrency may have appreciated by 200% from last year, when it began one of history's ...

Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t  Cointelegraph

Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3. In a public address ...

Now Japanese Regulators Are Getting Anxious About Facebook's Cryptocurrency  CoinDesk

Japan's central bank has joined the regulators worldwide expressing concerns over the potential risks posed by Facebook's Libra cryptocurrency project.

There's another reason behind bitcoin's 200% rise this year — it's got nothing to do with Facebook  CNBC

Bitcoin has been on a tear this year, rising almost 200% since the start of the year. There are multiple theories as to why, and one in particular is gaining traction.

South Korea’s Second Biggest City Wants to Create a Local Cryptocurrency  Cointelegraph

Busan, South Korea's second biggest city, seeks to develop a local crypto in partnership with BNK Busan Bank.

Turkey's New Economic Roadmap Calls for Central Bank Cryptocurrency  CoinDesk

An economic road map unveiled by the government of Turkey this week includes several items related to blockchain, including a bid to create a central bank ...

Former Bitmain CEO Opens New Cryptocurrency Startup  Cointelegraph

Bitmain co-founder and former CEO Wu Jihan launched his crypto-related financial services startup Matrixport today.

Bitcoin Tumbles as Cryptocurrency’s 2019 Surge Starts to Waver  Bloomberg

Bitcoin slumped, undoing some of this year's epic rally and amplifying a recent trend of outsized weekend moves. The largest cryptocurrency fell more than 18% ...

Grand Theft Crypto: The State of Cryptocurrency-Stealing Malware and Other Nasty Techniques  Cointelegraph

In 2019, centralized exchanges and individual hodlers are losing record-breaking sums of digital money to hackers and scammers.

Facebook's Cryptocurrency: Great Idea, Wrong Company  Forbes

All the signs are that Facebook is about to launch its cryptocurrency on June 18, a project known internally as Libra, and that soon, apparently, we will all be ...

PayFast ditches bitcoin, blames 'design flaws' in cryptocurrency  TechCentral

South African online payments provider PayFast is ditching bitcoin as a payment method, saying the cryptocurrency has several “limitations and design flaws ...

US Cryptocurrency Exchange ErisX Receives License for Crypto Futures  Cointelegraph

ErisX has received a DCO license from the U.S. CFTC, supplementing its DCM license and allowing for the regulated trading of crypto futures.

Venezuelans go after diamond-backed cryptocurrency Ponzi with $30M lawsuit  The Next Web

A group of Venezuelans are suing a $30 million cryptocurrency Ponzi scheme that allegedly backed its coins with real diamonds.

Stephen Moore, after failed bid for Federal Reserve, looks to cryptocurrency  The Washington Post

Stephen Moore, the conservative economist who lost his shot at the Federal Reserve Board, is considering a role with a new kind of central bank altogether.

Ripple Deal Could Make XRP Cryptocurrency Compliant With FATF Anti-Money-Laundering Rules  Forbes

Ripple is working with regulation technology startup Coinfirm to help make the XRP cryptocurrency more compliant with the new FATF regulations.

Facebook’s Libra Cryptocurrency: How It Stacks Up to Bitcoin and PayPal  Wall Street Journal

In many ways, Libra appears to operate more like existing web-payment systems, such as PayPal, than bitcoin. Here's how Facebook's new system compares ...

NYU professor's warning about Facebook's cryptocurrency  CNN

New York University marketing professor Scott Galloway says we should be concerned about Facebook's Libra cryptocurrency because the company has shown ...

G20 supports proposal to make cryptocurrency exchanges hand over user data  ZDNet

The rules could unmask cryptocurrency trades and account holders in the future.

$32M in cryptocurrency stolen by hackers from Japanese exchange Bitpoint  Mashable

Bitpoint said in a notice on its website that it has “identified an unauthorized outflow of virtual currency." According to Remixpoint, Bitpoint's parent company, $23 ...

Bitcoin, The Dollar And Facebook's Cryptocurrency: Price Volatility Versus Systemic Volatility  Forbes

Amid bitcoin's wild price swings, it's worth remembering Bitcoin as a system was designed for systemic stability rather than price stability. In stark contrast, fiat ...

Visa Pours Millions into Cryptocurrency Startup Anchorage  Fortune

Visa is co-leading a $40 million venture capital funding round in Anchorage, a cryptocurrency custody startup that, like Visa, is a founding member of Facebook ...

Facebook's Cryptocurrency Plan Draws ECB Warning on Regulation  Yahoo Finance

(Bloomberg) -- Financial regulators must act fast to prepare for the push by U.S. tech giants such as Facebook Inc. into the financial system, according to ...

UK Regulators Approve First Cryptocurrency Hedge Fund  CoinDesk

Prime Factor Capital was the first crypto hedge fund approved as a full-scope alternative investment fund manager by the Financial Conduct Authority, according ...

Bitcoin Price Dips Below $10K With Deeper Losses Likely  CoinDesk

Bitcoin has dropped below $10,000 for the first time in 11 days, reinforcing the buyer exhaustion signaled by the weekly chart, as discussed yesterday. The daily ...

Amazon Pay VP Says No Current Plans to Create Crypto: ‘We Don’t Deal in the Speculative’  Cointelegraph

A senior executive at the online giant says that the landscape right now means Libra is “*fresh* and speculative.”

Group of Digital Asset Trade Associations to Establish Global Cryptocurrency Association  Cointelegraph

A group of trade associations representing several national Virtual Asset *Service* Providers announced the launch of a global collaboration for firms in the indu...

Minnesota House Bill Aims to Outlaw Cryptocurrency Donations  CoinDesk

A group of Democratic Minnesota House Representatives have some opinions on crypto and, well, they don't want it mixing into political donations. Minnesota ...

Dutch Ministers Call for Cryptocurrency, Cash Use Regulations  Cointelegraph

Dutch ministers have called on the government to introduce new regulations on money laundering that would include cryptocurrency-related stipulations.

Bitcoin price shoots up $500 in 10 minutes as cryptocurrency pushes towards record high  The Independent

The price of bitcoin is closing in on its 2019 high, after shooting up by $500 (£400) in less than 10 minutes. The latest surge in value on Monday follows several ...

US Lawmakers Question Terrorist Use of Facebook Cryptocurrency  CoinDesk

Members of the U.S. House of Representatives questioned Financial Crime Enforcement Network (FinCEN) director Kenneth Blanco about Facebook's planned ...

Regulators Debate Cryptocurrency Legislation Ahead of G20 Summit  CoinDesk

Cryptocurrency regulation will take a step forward during the upcoming V20 Summit where country representatives will assess the new course of legal action ...

Bitcoin price continues to climb towards 2019 high as cryptocurrency analysts predict 'further steep rises'  The Independent

Bitcoin's remarkable resurgence shows no sign of slowing down, with price gains of nearly $3000 (£2400) over the last week. The latest price rise has been ...

The Bitcoin Bite: Iran Says Power Grid Hit By Cryptocurrency-Mining Surge  RadioFreeEurope/RadioLiberty

Iranian authorities are blaming the mining of cryptocurrencies, such as Bitcoin, for a big increase in the country's monthly electricity usage, with digital-currency ...

Russian Ministry of Finance Considers Allowing Cryptocurrency Trading  Cointelegraph

A representative of the Russian Ministry of Finance (MinFin) says the ministry is considering allowing cryptocurrency trading, Russian news *service* Interfax ...

Russia Will Not Legalize Facebook’s Cryptocurrency, Official Says  Cointelegraph

The chairman of the Russian State Duma Committee on Financial Market said that Facebook's forthcoming cryptocurrency Libra will not be legalized in Russia.

Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution  Reuters

On the run from U.S. tax authorities, tech guru John McAfee puffs a cigar aboard his towering white yacht in a Havana harbor and says he can help Cuba evade ...

Rolos Unveils New Cryptocurrency Exclusively For Rolos Customers  The Onion

ARLINGTON, VA—Calling the new financial system the “future” of digital caramel assets, Nestlé unveiled a new Rolos-based cryptocurrency Thursday ...

Cryptocurrency Startups Are in Limbo as Regulators Grapple With Risks  The Wall Street Journal

Dozens of startups looking to make the leap from unregulated cryptocurrency dealer to licensed brokerage are waiting for a decision from regulators.

Will PwC’s New Software Solve the Cryptocurrency Auditing Problem?  Cointelegraph

Earlier this week, Big Four firm PwC announced the release of a cryptocurrency auditing software solution. According to the multinational professional services ...

Big Four Auditing Firm PwC Releases Cryptocurrency Auditing Software  Cointelegraph

Big Four auditing firm PwC announced the release of a cryptocurrency auditing software solution in a press release published on June 19. Per the release, the ...

Polish Crypto Exchange BitMarket Shuts Down Citing Liquidity Loss  Cointelegraph

Polish cryptocurrency exchange BitMarket announced its shutdown in a message appearing on its official website.

Fed, Congress Promise Scrutiny of Facebook Cryptocurrency  The Wall Street Journal

The social network began to learn how Washington will check its push into digital currencies, with leaders of the Federal Reserve and an influential Senate ...

The Real Reason Bitcoin, Ethereum, Ripple's XRP, And Litecoin Suddenly Rocketed?  Forbes

Bitcoin, ethereum, Ripple's XRP, and litecoin suddenly rocketed this weekend, with the largest cryptocurrency by market capitalization, bitcoin, shooting past the ...

Cryptocurrency 101: What every business needs to know  ZDNet

There's promise and peril in the still-evolving world of cryptocurrencies such as Bitcoin and Ether. Here's everything individuals and businesses need to know ...

Open-Source Tool Lets Anyone Experiment With Cryptocurrency Blockchains  IEEE Spectrum

SimBlock, a new blockchain simulator, lets users play around with the parameters of Bitcoin, Litecoin, and Dogecoin.

Leading Medical Charity Exploits Cryptocurrency Tax Status by Accepting Bitcoin and Others  newsBTC

The Dementia Society of America (DSA) has just announced that it will be accepting a range of cryptocurrencies going forward. Thanks to the financial.

Zuckerberg’s new cryptocurrency is absolutely terrifying  New York Post

As declarations go, it's astonishing. Zuckerberg is out for nothing less than dominion over us all.

Federal Judge Sentences Cryptocurrency Scammer to 86 Months in Prison  Cointelegraph

A scammer has been sentenced to 86 months in prison for running a cryptocurrency-related scheme, the United States Department of Justice (DoJ) reports on ...

Litecoin Foundation to Release Physical Cryptocurrency Debit Card  Cointelegraph

The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card.

Facebook cryptocurrency, life-saving smartphones and more: Tech Q&A  Fox News

Please help me solve a debate. I say my smart TV can get bit by malware and viruses. My buddy says I am a dope. Who's right? A six-pack is riding on your ...

Canada relaxes rules for cryptocurrency exchanges despite ongoing QuadrigaCX saga  The Next Web

Reassurance for Canadians: Cryptocurrency exchanges across the nation will now only have to report transfers of more than CA$10000 ($7663).

Facebook Libra Cryptocurrency Has Its Uses, Says Bank of England Governor  Cointelegraph

The head of the United Kingdom's central bank has said Facebook's new libra cryptocurrency could have genuine use cases if it can conform to regulatory ...

Monero security flaw could’ve seen XMR stolen from cryptocurrency exchanges  The Next Web

Privacy-focused altcoin Monero has suddenly disclosed nine security vulnerabilities — including one that could have allowed hackers to steal XMR from ...

Cryptocurrency boss funneled client money to personal accounts before his death, investigators say  Fox News

Controversy continues to swirl around Canadian cryptocurrency exchange QuadrigaCX following the sudden death of its founder last year, which left customers ...

Fintech CEO claims Facebook 'ripped off' his bank start-up's logo for cryptocurrency project  CNBC

The founder of online bank Current claims Facebook copied his company's logo for the social network's bid to reinvent the global financial system. Stuart Sopp, a ...

How Facebook’s Libra is similar in concept and motivation to Kik’s Kin cryptocurrency  TechCrunch

Facebook unveiled its Libra cryptocurrency initiative today, which is part of an alternative financial system (including new subsidiary and wallet Calibra) it aims to ...

Australian Woman Travels to Ten Countries in 12 Weeks on Cryptocurrency Alone  newsBTC

Many of the critics of cryptocurrency asset like Bitcoin and Ethereum argue that nobody spends them as they are intended to be, and even less accept it as.

Daily Crunch: Facebook unveils Libra cryptocurrency  TechCrunch

The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. If you'd like to get this delivered to your inbox every day at around 9am ...

BIS: Facebook’s Foray Into Cryptocurrency Poses New Risks for Banks  Cointelegraph

The Bank of International Settlements warns that financial services offered by big tech firms such as Facebook, Google and Amazon could create new risks for ...

Early Square investor sees Facebook cryptocurrency Libra as a game-changer  San Francisco Business Times

Startup investor Greg Kidd sees Facebook Libra taking a page from Apple's playbook in bringing established players into the tent as both companies push ...

Moonday Mornings: Elon Musk and John McAfee cryptocurrency scams are back  The Next Web

It's a new week, which means only one thing: it's time for Hard Fork's roundup of cryptocurrency and blockchain headlines from over the weekend.