From panel to panel at the Yahoo Finance's cryptocurrency conference Wednesday, speakers kept beating the drum of personal responsibility. Do you research before investing any cryptocurrency, the audience was repeatedly warned. Especially if you don't understand it. Goodwin Procter LLP partner Grant Fondo perhaps put it best, remarking that "at...
The SEC's Office of Compliance Inspections and Examinations (OCIE) intends to prioritize an examination of developments in the cryptocurrency and initial coin offering markets this year. Revealed today in the agency's annual "examination priorities" update, the OCIE said it will broach the industry under its mandate to improve compliance,...
Venezuela's much-maligned "petro" cryptocurrency could be joined by another, similar venture if the country's leader, Nicolas Maduro, gets his way. According to a report from Al Jazeera, which cited a local radio broadcast, Maduro plans to propose that the Organization of the Petroleum Exporting Countries (OPEC), of which Venezuela is...
If bitcoin is in a bubble, it is one of the few in the history of finance – if not the first – that expanded with negligible use of credit. That's just one of the unique takeaways from CoinDesk's State of Blockchain 2018 report, the latest in the quarterly...
A blockchain project based in Switzerland has raised $61 million from a group of investors that includes venture capital giant Andreessen Horowitz and token hedge fund Polychain Capital. Announcing the news this morning, DFINITY Stiftung said the funding would go toward development of its blockchain protocol, aimed to support...
The creator of the Bitcoin Investment Trust is today launching its fourth fund aimed at giving accredited investors a way to explore cryptocurrencies. Unlike Grayscale's previous funds, which focus on bitcoin, ethereum classic and zcash, the offering, formally called the Digital Large Cap Fund, is designed to give investors...
Decentralized marketplace OpenBazaar has added support for bitcoin cash. OB1, the startup that oversees development of the marketplace protocol, said Wednesday that it had integrated bitcoin cash, the breakaway cryptocurrency that forked away from the main bitcoin blockchain last year. In addition, OpenBazaar has also added a beta release...
Chinese payment provider LianLian is joining RippleNet, the payment network that uses Ripple's blockchain technology to facilitate cross-border transactions. Announced on Feb. 7, the news will see LianLian Pay adopting Ripple's xCurrent solution in an effort to bring same-day, cross-border transactions onto a blockchain for its existing customers. The...
The European Central Bank (ECB) said that financial institutions in the European Union do not appear to be as enthusiastic about cryptocurrencies as the public. In a European Parliament meeting on Feb. 5, the ECB's president, Mario Draghi, commented that the central bank is not seeing a "notable holding...
Bitcoin is rallying today, having bottomed out below the $6,000 mark yesterday. As of writing, global average prices on CoinDesk's Bitcoin Price Index (BPI) are around $8,120. On Coinbase's GDAX exchange, bitcoin (BTC) moved above $7,944 – the confluence of 200-day moving average (MA) and 5-day MA – earlier...