Leading bank JP Morgan has launched JPM Coin, a blockchain-based token that is used as a settlement layer for their wholesale payments business. The lender’s wholesale payments business moves over $6 trillion daily around the world.
Facebook’s cryptocurrency division has reportedly acquired blockchain startup Chainspace. This is their first acquisition and is being referred to as an “acqui-hire,” meaning they are most likely interested in gaining the talent pool rather than any practical technology.
As of January 31, 2019, leading cryptocurrency exchange Binance has enabled credit and debit card payments. This is another strategic move for the company to not only grow their user base but also help push the crypto industry one step closer towards mainstream adoption.
Popular trading app Robinhood gains approval to allow New York residents to trade virtual currencies.
New Zealand based exchange Cryptopia was hacked on January 14, 2019, suffering significant losses. Cryptopia did not announce the breach until January 15. The hackers moved at least $2.4 million worth of Ethereum and roughly $1.2 million worth of Centrality to various wallets.
Today marks a milestone for the Bitcoin and broader cryptocurrency industry. It is Bitcoin’s 10 year anniversary. On January 3, 2009, Satoshi created the genesis block which sparked the blockchain industry we see today.
Mark Karpeles, the former CEO of defunct cryptocurrency exchange Mt. Gox reasserts his innocence during the closing arguments of his trial.
Donald Trump has chosen pro-Bitcoin Mick Mulvaney to act as the White House Chief of Staff come 2019.
The G20, an international forum for governments and central banks, has recently signed a declaration to regulate cryptocurrencies. The declaration was signed in Buenos Aires and covers many topics involving tax evasion, anti-money laundering, anti-terrorism, and public policy.In Section 25, the declaration explicitly mentions cryptocurrencies:“We will step up efforts to
As the cryptomarket progressed through much of this year, a jump in volatility and a wave of bearish sentiment, following December’s broad-based cryptomarket rally, led to plenty of debate on whether Bitcoin and the broader market gains to record highs back in December was just a bubble ready burst.Certainly, when
Wednesday was somewhat of a poignant day for the cryptomarkets, with the ongoing Bitcoin Cash battle between Bitcoin ABC and Bitcoin SV raising the stakes, with today’s hard fork and anticipated split doing Bitcoin and the broader market few favors.
Bitcoin Cash was in the green through the early part of this morning, up 2.87% at the time of writing to $535.4, with the gains coming off the back of a flat Tuesday.
Simply put, blockchain is a case of cutting out the middleman, generating fees without the cream being taken off the top, which should ultimately translate into wide profit margins, for some at least.
Bucking the trend of previous hard forks, where coin holders and those looking to profit from the creation of new coins would buy into the cryptocurrency ahead of a hard fork, is Bitcoin Cash that has garnered plenty of news attention over the last week.
Ethereum (“ETH”) has been having a tough time of it of late, with ETH/USD falling by 0.45% on Monday, following on from a 0.19% fall on Sunday, to end the day at $208.77.
The volatility seen through the much of the year contributed to the uptick in volumes as investors and traders from other asset classes were drawn in to trade the daily swings that were sizeable when comparing to even the more exotic currencies and the global equity markets.