Month: May 2020

Samsung and the Gemini Crypto Exchange Partner Up: The first deal of its kind in the US

Samsung and Gemini’s partnership will make it easier for over 4 million users to buy Bitcoin throughout North America. Gemini, founded by Cameron and Tyler Winklevoss, has announced a partnership with South Korea’s electronics giant, Samsung. This marks a first for any US-based cryptocurrency exchange to form such an alliance. According to the announcement, the …

Samsung and the Gemini Crypto Exchange Partner Up: The first deal of its kind in the US Read More »

Swiss government rejects $103M fund intended for blockchain firms in ‘Crypto Valley’

The Swiss government reportedly rejects the $103 million bailout plea crypto companies sought to alleviate the severe impact of COVID-19. Businesses in Switzerland’s “Crypto Valley” have failed to secure loans worth 100 million Swiss francs (about $103 million), according to local news published Wednesday. Tages-Anzeiger, a news publication based in Zug, reported that a bailout …

Swiss government rejects $103M fund intended for blockchain firms in ‘Crypto Valley’ Read More »

Ethereum is one of the altcoins facing stiff resistance at key price levels

Coinbase will complete the acquisition of Tagomi later this year but has not disclosed any financial terms Coinbase has announced that it has acquired Tagomi, an advanced brokerage platform for professional and institutional investors. The San Francisco based company has said that it expects to complete the deal later this year, subject to regulatory approval. …

Ethereum is one of the altcoins facing stiff resistance at key price levels Read More »

Vodafone partners with Energy Web to integrate smart grid with an IoT blockchain

Vodafone and Energy Web want to bring billions of assets in the energy sector onto the blockchain Vodafone is partnering with Energy Web (EW) on a project that will see the technology communications firm link billions of renewable and distributed energy assets to grids via the Internet of Things (IoT) and blockchain technology. To achieve …

Vodafone partners with Energy Web to integrate smart grid with an IoT blockchain Read More »

India’s RBI claims no restrictions were imposed on banks for working with crypto businesses

The RBI’s response follows several complaints that some banks were refusing to offer banking services to crypto exchanges and related businesses The Reserve Bank of India (RBI) has clarified that it doesn’t prohibit banks and other financial services providers in the country from dealing with, or providing, bank account services to cryptocurrency exchanges. India’s central …

India’s RBI claims no restrictions were imposed on banks for working with crypto businesses Read More »

Over 310,000 Bitcoin moved off crypto exchanges since Bitcoin’s crash to $3,800

Users have moved over 310,000 bitcoins from exchanges since mid-March  Over 310,000 bitcoins have been moved from cryptocurrency exchanges since March 12, 2020, a date that has earned the moniker “Black Thursday.” Blockchain data shows the withdrawals from the exchanges amount to the longest consecutive run ever of users removing their assets off an exchange. …

Over 310,000 Bitcoin moved off crypto exchanges since Bitcoin’s crash to $3,800 Read More »

India’s CoinDCX exchange secures $2.5m investment from Polychain

CoinDCX raises the new investment just months after completing its Series A funding round that raised $3 million CoinDCX, the largest cryptocurrency exchange in India, has raised $2.5 million in new investment. The company has secured these funds in a strategic investment round led by Polychain Capital, with Coinbase Ventures also contributing. The Mumbai-based platform …

India’s CoinDCX exchange secures $2.5m investment from Polychain Read More »

Retail investors increase their holdings as Bitcoin’s price hovers below $9,000

Increase in the number of addresses with less than 0.1 bitcoins means most small investors are using the downturn in prices to increase their Bitcoin holdings Even as the bears push prices to their lowest levels since the halving, it appears the market is taking current price levels as buying opportunities, especially small investors that …

Retail investors increase their holdings as Bitcoin’s price hovers below $9,000 Read More »

Trezor and Ledger “investigating claims” that hacker is selling stolen data

Hardware wallet providers — Trezor and Ledger — have said their security teams are investigating claims that a hacker has stolen information from their databases, and is now selling customer data online. The breach also affects users of KeepKey, another popular crypto hardware wallet by cryptocurrency platform, Shapeshift. According to Under The Breach the hacker …

Trezor and Ledger “investigating claims” that hacker is selling stolen data Read More »