The Bank of England has dropped plans to launch its own digital currency amid concerns about its impact on the financial system. The U.K.'s central bank told FTAdviser that it has "no current plans" to launch its own cryptocurrency, but will continue to research the topic. The announcement comes just days after...
Bitcoin is gaining altitude today, amid a sharp drop in prices of alternative currencies. Prices on CoinDesk's Bitcoin Price Index jumped 7 percent to an intraday high of $15,906.51 (09:29 UTC) in the last two hours. The cryptocurrency has appreciated by 10 percent in the last 24 hours, according...
The controversial scaling proposal Segwit2x may have been officially called off this August, but that doesn't mean its former lead developer is giving up on plans to keep its codebase alive. In fact, Jeff Garzik, better known as the CEO of blockchain startup Bloq, now believes his prior work could...
Blockchain startup Akiri has received $10 million in Series A funding to develop a distributed ledger platform for health data. Announced on Jan. 3, the fund was granted by Health2047, a technology incubator company launched by the American Medical Association (AMA). The platform, called Akiri Switch, will be a “network-as-a-service”...
Nick Cowan is CEO of the Gibraltar Blockchain Exchange and the Gibraltar Stock Exchange Group, which operates the Gibraltar Stock Exchange. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Let's face facts: initial coin offerings (ICOs) have done more this year to encourage the adoption of blockchain...
Facebook CEO Mark Zuckerberg announced Thursday he plans to study cryptocurrencies and other decentralizing technologies as part of a larger bid to improve the social networking service he founded. Aptly in a Facebook post, Zuckerberg outlined what he called personal challenges for the year ahead, noting that one is to...
Dogecoin, the parody coin named for an internet meme featuring a Shiba Inu dog, has broken off the leash. Nearly forgotten since its heyday in 2014, over the past month the cryptocurrency's price has increased more than 400 percent, setting a new all-time high Thursday above $0.01. This price surge...
Two committees of the U.S. Commodity Futures Trading Commission will hold meetings this month on digital currency matters, including the self-certification process used to approve new cryptocurrency derivatives products. In a statement issued Thursday, CFTC chairman J. Christopher Giancarlo said the commission's technology advisory committee would discuss how virtual...
Coinbase announced Thursday afternoon that it would not be adding any new cryptocurrencies to either its flagship platform or its other digital asset exchange, GDAX. In a blog post, the company, which currently allows customers to buy, sell, deposit or withdraw bitcoin, litecoin, ethereum, and most recently, bitcoin cash,...
Ripple's native cryptocurrency, XRP, is on a bull run. According to CoinDesk data, the price of XRP is up over 1,000 percent in just the last month alone, eclipsing $3.50 per coin Thursday after spending much of 2017 under $0.30. With a market capitalization above $120 billion, the token...