Japan's Coincheck exchange reinstated Japanese yen withdrawals yesterday and investors are already flocking to take out their funds following the firm's recent hack. According to a company announcement on Feb. 13, soon after Coincheck partially resumed operations on Tuesday, it had already processed 40.1 billion yen (or $373 million) in...
Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC)...
A British Member of the European Parliament (MEP) has called on the City of London and the Bank of England to embrace blockchain technology as a means of staying relevant in the post-Brexit era. Kay Swinburne, who is also the most senior legislator on the EU's Economic and Monetary...
South Korea has doubled down on its commitment to eliminating the use of cryptocurrency in illicit financial activities, while expressed a will to foster the country's blockchain development. In a video published today, Hong Nam-ki, head of the office for government policy coordination, said the government is taking a strong...
Japan's financial watchdog has stepped up its efforts to scrutinize foreign cryptocurrency services that target Japanese investors without a license. According to an official warning published by the Japan's Finance Service Agency (FSA) on Feb. 13, the regulator said a Macau-based cryptocurrency service firm named Blockchain Laboratory headed by...
Marc Hochstein is the managing editor of CoinDesk.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. "You have no sovereignty where we gather. We have no elected government, nor are we likely to have one..." The "we" John Perry Barlow referred to in his...
Cryptocurrency startup Coinbase said Tuesday that its U.S.-based users won't be able to add new credit cards as a payment option. Making the announcement through its official blog post on Feb. 13, Coinbase said the platform currently is unable to offer a smooth credit card purchase experience. As a...
It's like the early days of bitcoin all over again. Comprised of invite-only chat channels, alien terminology and warning signs at every turn, the nascent ecosystem springing up around Lightning Network, the scaling technology that could end up having the greatest impact yet on bitcoin's capacity, is to date, hopelessly...
The Canadian Securities Exchange (CSE) plans to launch a blockchain-based clearing and settlement platform for token sales, it announced today. The initiative will see the CSE move to list so-called "Security Token Offerings," through which blockchain-based assets which are explicitly securities would be offered and sold. The blockchain-powered platform...
Two subcommittees in the U.S. House of Representatives will discuss potential applications for blockchain in government during a hearing on Wednesday. “Beyond Bitcoin: Emerging Applications for Blockchain Technology,” scheduled to begin on Wednesday at 10 a.m. EST, is likely to constitute a broad overview of the technology – a...