Daniel Palmer
81 posts
The wider effort to promote the digital currency precedes a launch in the “near future,” per a state media report. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Chinese e-commerce firm JD.Com says it’s become the first online platform to accept the nation’s central bank digital currency. Source link
The research arm of New York-based AllianceBernstein, a global investment manager with $631 billion in assets under management, has had a change of heart when it comes to bitcoin as an investment asset. In a research note produced for clients, seen by CoinDesk, Inigo Fraser Jenkins, co-head of the portfolio strategy team at Bernstein Research, said the firm had previously ruled out bitcoin as an investment asset back in January of 2018, soon after bitcoin had hit its all-time high close to $20,000. But post-pandemic changes to the policy environment, debt levels and diversification options for investors mean the asset manger […]
Cybersecurity specialist Kaspersky foresees a rise in crypto crime ahead, as the COVID-19 epidemic hits national economies. In a report on financial threats for 2021, based on data and patterns from this year, the company said Monday that attacks aimed at stealing bitcoin will “become more attractive as many nations plummet into poverty as a result of the pandemic.” The compounding factor of weakening local currencies amid the crisis will also drive people to cybercrime, leading to more bitcoin fraud as well as theft, the firm predicted. It said the focus would be on bitcoin because it is “the most widespread […]
Xi Jinping pushed for digitally enhanced trade among Southeast Asian nations in a keynote at the China-ASEAN Expo on Friday. Source link
Huobi Labuan said it’s been licensed in Malaysia for a nine-month trial period of cryptocurrency spot and derivatives trading services. Source link
Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China. Source link
Students from both universities will take part in an algorithmic trading competition hosted by investor analytics firm APEX:E3. Source link
Cryptocurrency exchange Coinbase has publicly shared an internal letter pushing back at an as-yet unpublished article in the New York Times that, it says, will allege Black employees had “negative experiences” while with the firm. The letter, posted on the company’s blog Thursday, states that NYT journalist Nathaniel Popper has been interviewing current and former staff over recent weeks and will “allege that a number of Black employees and contractors referenced in the story filed complaints with the company.” “In reality, only three of these people filed complaints during their time at Coinbase. All of those complaints were thoroughly investigated, one […]
Sygnum, a digital asset finance firm with a Swiss banking license, has launched what it says is a blockchain-based alternative to listing shares on a stock exchange. On Thursday, the company announced an “end-to-end tokenization solution,” comprising of both a primary market issuance platform called Desygnate, and SygnEx, a secondary market trading venue. The solution will provide issuers a way to raise capital, grow liquidity and transfer ownership and manage corporate actions, Sygnum said. It will also bring investors access to tokenized assets, with targeted markets being venture capital, “mid cap” companies, real estate and art and collectibles. With distributed-ledger technology […]
The “Big Four” Chinese bank has suspended the listing of a $3 billion bond issuance that was intended to be tradable for bitcoin and U.S. dollars. Source link
A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report. Source link
Rick Rieder, CIO of Fixed Income at investment giant BlackRock, told CNBC that bitcoin and cryptocurrency are “here to stay.” Source link
The exchange said it must now ask users for extra information such as the purpose of bitcoin purchases. Source link
The CI Galaxy Bitcoin Fund has had a preliminary prospectus approved by Canadian securities regulators for an initial public offering. Source link
The cryptocurrency merchant bank has acquired a lending firm and a trading company as it seeks to become the “go to” platform for institutional access to digital assets, the firm said Friday. Source link
The cryptocurrency dropped as low as $15,750, having hit highs over $16,300 in the Asian trading hours. Source link
Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to Benoit Coeure, head of the Innovation Hub at the Bank for International Settlements (BIS). In an interview with French newspaper L’Express published on the BIS website Friday, Coeure acknowledged central banks had been resting on their laurels when it came to advances in payments. Thirty years ago, he said, “the banking world was innovative.” But increasing digitization and the advent of tech such as PayPal, Apple Pay and smartphones payments brought a “revolution” to the sector. Even so, he continued, these advances […]
Payments for passport renewals and name changes are being processed by Coinbase Commerce. Source link
Cryptocurrency exchange Binance has followed through with its pledge to reward anyone helping bring about the arrest of the bad actors who attacked the exchange in March 2018 and stole from users in a phishing campaign. Over a period of months, unknown persons set up phishing websites that mimicked Binance’s own, and collected users’ login details to attempt to access accounts and breach the platform. The exchange announced Wednesday that it has now awarded a bounty of $200,000 to private investigators, whom it did not identify, for providing a report identifying one of the alleged attackers and providing information on how […]
The blockchain company’s new Middle East and North Africa headquarters will be within the DIFC financial hub. Source link
Stakes are increasing as the next iteration of the blockchain network, Ethereum 2.0, launches in just weeks. Source link
Central banks meeting in Russia said the coronavirus pandemic is a driving force behind growing interest in national digital currencies. Source link
Sygnum Bank now offers trading and staking of Tezos, its first listing of a proof-of-stake cryptocurrency. Source link
A group of Spanish companies, including banks and energy firms, is working to develop a “self-managed” digital identity system using blockchain technology. Source link
The world’s biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering. Source link
Bitcoin miner Layer1 Technologies has been dragged into a lawsuit from a co-founder who claims he invested millions of dollars and was then forced out of the firm. In a complaint filed in the District Court in the Western District of Texas Pecos Division, the plaintiff, Jakov Dolic, sets out that he co-founded Layer1 with its CEO Alexander Liegl, having developed a liquid cooling system that would allow the company to make use of Texas’ cheap wind power, despite the high summer temperatures in the state. Dolic, a German citizen residing in Switzerland, alleges that Liegl “falsely promised” that he would […]
The Cayman Islands is building a regulatory framework for “virtual asset service providers” with some measures already enacted. Source link
Gazprombank (Switzerland) has been authorized by FINMA to launch institutional cryptocurrency services in Switzerland. Source link
The upcoming Mate 40 line of devices will feature a built-in hardware wallet for China’s central bank digital currency. Source link
DBS is planning to launch an exchange for trading bitcoin and other cryptocurrencies, according to a cached website page. Source link
How things have changed since spring of 2019, when Agustin Carstens, general manager of the Bank for International Settlements (BIS), was issuing his latest warning over the need for caution when considering central bank digital currencies (CBDC). Now, according to Chinese news source The Paper, the very same institution – dubbed the central bank for central banks – is planning its own trial of a CBDC in collaboration with the Swiss central bank. Revealed by Benoit Coeure, head of the BIS Innovation Hub, at the Bund Summit in Shanghai, Oct. 23–25, the proof-of-concept initiative would be underway before then end of […]
The U.S. tax agency has clarified who needs to answer “yes” to a question over cryptocurrency activity included in the draft 1040 income tax form. As reported in September, the Internal Revenue Service (IRS) revealed it would reposition a question on the 1040 form for 2020 that will require returnees to indicate if they has “acquire[d] any financial interest in any virtual currency” over the tax year. In its recently published set of draft instructions, the IRS now explains that tax payers would need to answer in the affirmative if they sold any cryptocurrency, exchanged cryptocurrency for goods or services, or […]
The Kin Foundation says both itself and the Kin token have survived the recently resolved court battle with the U.S. SEC over a 2017 ICO. Source link
It would be “advantageous for Ripple to operate in the U.K.,” said Ripple CEO Brad Garlinghouse. Source link
Raiffeisen’s stablecoin project is becoming blockchain-agnostic, adding interoperability tech from Bitpanda and the Technical University of Vienna. Source link
Mode said it’s the first U.K. listed firm to invest in bitcoin as part of its treasury management strategy. Source link
National Stock Exchange of Australia (NSX), a stock exchange company that has built a distributed ledger technology-based trading system, says it has cleared initial hurdles and is just a step away from being permitted to connect to the Australian Securities Exchange (ASX). NSX announced Tuesday that its DLT-based Digital Exchange Subregister System (DESS), part of the ClearPay platform, was approved by the Australian Council of Financial Regulators at its October meeting. It is now working with the Australian Securities and Investments Commission on finalizing the application process and date it may go live. DESS is already “technically and operationally ready for […]
Users of Luno’s new bitcoin “savings wallet” can earn up to 4% interest per year, the exchange said. Source link
Caixin sources said Mingxing “Star” Xu, had been taken by police at least a week ago and hasn’t been seen since. Source link
The island’s Financial Services Authority has set out how it will treat cryptocurrencies and crypto assets and which might be regulated as securities. Source link
Digital asset manager Grayscale Investments has posted its best quarterly results to date, having brought in just over $5 billion in investment across all of its cryptocurrency products. Source link
The joint venture will see Marathon co-locate a bitcoin mining facility within Beowulf’s Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana. Source link
Chen Yulu, deputy governor of the People’s Bank of China, said at the weekend that the digital yuan project should be accelerated as an important part of the nation’s financial infrastructure. Source link
The extortionists demand a payment in bitcoin to avoid the detonation of an explosive device, per a report. Source link
The Japanese financial group is also mulling other business lines around tokenized securities. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies. Source link
Draper Associates is backing the round for the Bangalore-based cryptocurrency exchange, with $3.5 million raised so far. Source link
The South Korean exchange is bringing more services back online after suffering a major hack late last month. Source link
Building an anonymous central bank digital currency (CBDC) presents security risks – not only to the issuer but to the users themselves, says the Bank of Canada. Source link
Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country’s e-government system, in supporting a central bank digital currency. Source link
A Caribbean-based firm is in hot water with the CFTC for allegedly allowing U.S. retail investors to partake in leveraged trading of cryptocurrencies and precious metals. Source link
Lael Brainard, who has been involved with the Fed’s efforts to research a digital dollar, is seen as an ideal choice, Bloomberg sources said. Source link
The Venezuelan agency responsible for regulating cryptos has legalized the mining industry, but in the process mandated it be centralized under government control. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC) Source link
SushiSwap creator “Chef Nomi” has returned all $14 million in ether, apologizing to the DeFi project’s community for suddenly liquidating his holdings. Source link
Already live on SBI’s forex trading platform, the contracts for difference (CFDs) are available in bitcoin, ether and XRP flavors. Source link
“Bitcoin is … the only known commodity in the universe that has a deterministic and fixed supply,” the Winklevoss brothers wrote in a blog post saying the cryptocurrency may one day hit $500,000. Source link
South Korea’s third largest crypto exchange, has reportedly been seized by police over allegations it faked most of its trading volume. Source link
Crypto custody provider BitGo has filed paperwork with New York’s financial regulator to offer its services in the state. In an announcement Tuesday, the company said it was seeking approval from the New York State Department of Financial Services (NYDFS) to act as a trust in the jurisdiction. It plans, if approved, to operate as an “independent, regulated qualified” custodian under the state banking law. BitGo said it was targeting “strong demand” from institutional investors based in New York for secure and regulated storage of large amounts of digital assets. After July guidance from the Office of the Comptroller of the […]
The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Blockchain firm GNY has sent a legal notice to Grant Thornton New Zealand over alleged high fees and failures to properly address its claim. Source link
The two companies will provide a package of their respective solutions to crypto firms such as exchanges needing to stay in compliance with regulators. Source link
Japan’s largest banking firm, Mitsubishi UFJ Financial Group (MUFG), is set to issue a digital currency in the second half of this year. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
B21, a recently launched mobile app aimed at first-time cryptocurrency investors, has expanded its service to the India market. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
A hacker has attempted to disrupt a blockchain voting system currently being used to help decide constitutional changes in the Russian Federation. According to Russian news agency TASS, head of the Moscow government’s IT technologies department Artem Kostyrko said an observation node on the blockchain had been targeted, but the system was still functioning correctly. It’s not clear from the report what the hacker managed to achieve in the attack, if anything, and how far the intrusion penetrated. “At present, increased security mode has been introduced. There was no interruption in voting, all votes are in the guaranteed delivery service, that […]
As Ethereum pushes slowly toward a new type of blockchain technology that some cryptocurrency experts predict could represent the future of decentralized finance, the upstart competitor Cardano is getting ready to go live. And Cardano’s digital token, ADA, is soaring this year in digital-asset markets on speculation that the project’s early embrace of a “proof-of-stake” blockchain might put it in a stronger position to challenge the much-larger Ethereum network. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context […]
The credibility of Craig Wright – the Australian tech entrepreneur who controversially claims to be bitcoin’s pseudonymous inventor, Satoshi Nakamoto – has taken another blow. After a list of bitcoin addresses Wright had provided as being his holdings in an ongoing court case were briefly and “inadvertently” made public by plaintiffs on May 21, 145 of the addresses were used to sign a public message both calling Wright a “fraud” and making it plain that he does not in fact own or control them. The court case was brought by Ira Kleiman, the brother of Wright’s former business partner, David Kleiman, […]
Binance is forced to “technically” support last week’s hard fork of the Steem blockchain, according to the crypto exchange’s CEO, Changpeng “CZ” Zhao. In a statement on the company’s official blog Sunday, CZ said that, while the exchange is “very much against zeroing other people’s assets on the blockchain,” to not support it would mean that Binance users would not be able to withdraw their steem tokens. The result of a dispute in the Steem community over the acquisition of SteemIt – the blockchain ecosystem’s biggest and more powerful application – by Tron and Justin Sun, the hard fork was used […]
Its CEO once called bitcoin a fraud but now U.S. banking giant JPMorgan Chase has added its first cryptocurrency exchange customers, CoinDesk has confirmed. Sources told The Wall Street Journal Tuesday the bank signed two popular regulated exchanges – Coinbase and Gemini, the latter founded by Tyler and Cameron Winklevoss. The fact that both exchanges are regulated in the U.S. was apparently a factor in the approvals, which still took a lengthy period of vetting, the WSJ said. Accounts for the two crypto firms were approved last month, the sources said, and are now in use. The move by JPMorgan is […]