The Commodity Futures Trading Commission (CFTC) on Thursday issued a warning about cryptocurrency pump-and-dump schemes. The release, published Thursday, marks the latest investor warning from the U.S. commodities and derivatives regulator. Earlier this month, the agency put out an advisory that urged caution around investing in cryptocurrency retirement accounts....
The developers of the Algorand blockchain protocol have raised $4 million in seed funding. The funding support came from venture capital firms Pillar and Union Square Ventures, the startup behind the protocol announced today. Algorand constitutes a digital currency and transaction platform, with its underlying protocol co-authored by MIT professor and...
The crypto market recovery is looking stronger by the day, and litecoin is leading the way. As of writing, the total market capitalization of all cryptocurrencies stands at $466 billion – its highest level since Feb. 2, and a 68 percent rise from the low of $276 billion seen...
Five banks in the Philippines are reportedly grouping up to use Visa's blockchain-based payment platform. As part of a new arrangement, the Union Bank of the Philippines (UnionBank) will assist four unnamed rural banks that are seeking to boost the efficiency of their payments processes by building a local...
Ethereum developer Yoichi Hirai has resigned as one of the platform's code editors, citing concerns that a contentious proposal may be in violation of penal law. Named EIP 867, the proposal defines a method to better facilitate the return of lost funds on the platform. Speaking on GitHub, the developer...
As enterprise blockchains inch closer to live launches, a group of cybersecurity experts within IBM is out to make sure clients take every step to keep their new investments secure. Adewale Omoniyi, a senior managing consultant in the biometrics and cybersecurity for IBM Global Business Services, is one such...
Lightning is spreading across the cryptocurrency landscape. Originally designed for use on bitcoin, the world's largest cryptocurrency by market size was also the first to implement the concept, touted as a way to make transactions faster and cheaper by moving them to a layer above the blockchain. But with scalability emerging...
Having hit two-week highs, bitcoin is now aiming for the $10,000 mark and beyond, but further gains may be transient, the charts indicate. Bitcoin (BTC) picked up bid yesterday following a bullish breakout on charts and rose above $9,000 in a convincing manner. The cryptocurrency moved higher to $9,961...
New York-based startup BlockFi, which provides loans to crypto-asset owners using their bitcoin and ether holdings as collateral, has secured $1.55 million in a just-closed funding round. The company, which received backing from ConsenSys Ventures, SoFi and Kenetic Capital among others, wants to "bridge the gap" between capital markets...
Security researchers at Cisco have released new information about a bitcoin phishing scam that involves websites masquerading as Blockchain.info, the popular online wallet service. In a blog post published Wednesday, Dave Maynor and Jeremiah O'Connor detailed the Coinhoarder phishing scam, which they said Cisco has been investigating in the past...