Two Charged With Running ‘Shadow Banking’ Service for Crypto Exchange

Two Charged With Running ‘Shadow Banking’ Service for Crypto Exchange
The U.S. government has sued two individuals in connection with a scheme to provide "shadow banking" services to unregulated crypto exchanges.

Tether Lawyer Confirms Stablecoin 74 Percent Backed by Cash and Equivalents

Tether Lawyer Confirms Stablecoin 74 Percent Backed by Cash and Equivalents
Tether's general counsel acknowledges that USDT is only 74% backed by cash and equivalents in a new affidavit.

Microsoft Outlook Hackers Stole Crypto Using Victims’ Emails: Report

Microsoft Outlook Hackers Stole Crypto Using Victims’ Emails: Report
Hackers who breached Microsoft Outlook have reportedly used the email service to steal cryptocurrency users' funds.

HTC Plans to Launch Another Blockchain Phone This Year, Exec Says

HTC Plans to Launch Another Blockchain Phone This Year, Exec Says
Electronics giant HTC is planning to launch a second-generation EXODUS blockchain phone by the end of 2019.

Bitcoin Startup Unveils ‘Thunder Bird’ Lightning Code for IoT Devices

Bitcoin Startup Unveils ‘Thunder Bird’ Lightning Code for IoT Devices
Japanese startup Nayuta is releasing a lightning network implementation with a compelling new focus: bitcoin payments for the internet of things.

JPMorgan Exec Joins Blockchain Gold-Trading Firm Tradewind as CEO

JPMorgan Exec Joins Blockchain Gold-Trading Firm Tradewind as CEO
Tradewind, a blockchain-powered precious metals market, has hired a JPMorgan veteran to be its first-ever CEO.

Bitcoin Price Close to First 3-Month Winning Streak Since Late 2017

Bitcoin Price Close to First 3-Month Winning Streak Since Late 2017
Bitcoin is on track to confirm a long-term bullish reversal with a first three-month winning streak since the end of 2017.

ErisX Launches Crypto Spot Market on Heels of New $20 Million Raise

ErisX Launches Crypto Spot Market on Heels of New $20 Million Raise
Aspiring crypto derivatives provider ErisX took one step closer to its ultimate goal Tuesday with the launch of a spot market.

Voters on Ethereum App Veto Proposal to Fund Polkadot Blockchain

Voters on Ethereum App Veto Proposal to Fund Polkadot Blockchain
Aragon token holders have shot down a proposal to diversify project funds to support blockchain interoperability project Polkadot.

Nasdaq Adding Index for XRP Cryptocurrency to Global Data Service

Nasdaq Adding Index for XRP Cryptocurrency to Global Data Service
After bitcoin and ether, Nasdaq is now adding an index for the world’s third-largest cryptocurrency, XRP, to its global data service.

Bitfinex Is Planning to Issue an Exchange Token, Shareholder Says

Bitfinex Is Planning to Issue an Exchange Token, Shareholder Says
Cryptocurrency exchange Bitfinex is planning to issue a proprietary exchange token, according to a shareholder claiming knowledge of the plan.

Want to Understand Bitfinex? Understand Mt. Gox

Want to Understand Bitfinex? Understand Mt. Gox  
People interested in understanding Bitfinex are well-served to understand what happened with Mt. Gox.

Novogratz’s Galaxy Digital Crypto Fund Lost $272.7 Million in 2018

Novogratz’s Galaxy Digital Crypto Fund Lost $272.7 Million in 2018
Galaxy Digital, the crypto fund founded by Michael Novogratz, lost $272.7 million in its first full year of operation.

Huobi Cloud Aims for 80 More Exchange Partners in Bid for Revenue Growth

Huobi Cloud Aims for 80 More Exchange Partners in Bid for Revenue Growth
The Huobi Cloud network of crypto exchanges wants to facilitate $55 million in daily volume by 2020.

SEC Temporarily Suspends Trading in Little-Known Bitcoin Miner’s Shares

SEC Temporarily Suspends Trading in Little-Known Bitcoin Miner’s Shares
The SEC has temporarily suspended trading in shares Bitcoin Generation, a little-known crypto exchange and miner.

Bakkt Acquires Crypto Custodian, Partners With BNY Mellon on Key Storage

Bakkt Acquires Crypto Custodian, Partners With BNY Mellon on Key Storage
Bitcoin futures exchange Bakkt has acquired the Digital Asset Custody Company and is working with global bank BNY Mellon on crypto key storage.

UK Baroness’ Luxury Bitcoin Property Project Reportedly Suffering Delay

UK Baroness’ Luxury Bitcoin Property Project Reportedly Suffering Delay
A British baroness' luxury residential project targeting the crypto rich has been put on hold, says The Times.

We.Trade Co-Founder Mancone Is Leaving the Enterprise Blockchain Firm

We.Trade Co-Founder Mancone Is Leaving the Enterprise Blockchain Firm
Roberto Mancone is leaving we.trade, the live trade finance blockchain platform which he helped grow into a legal entity comprising 14 banks.

Creditor Takes Crypto Startup London Block Exchange to Court

Creditor Takes Crypto Startup London Block Exchange to Court
A law firm has taken the London Block Exchange to court saying it's owed money, but the startup's CEO has denied it is going out of business.

Bitcoin on the Defensive But May See Bounce at Key Price Support

Bitcoin on the Defensive But May See Bounce at Key Price Support
Bitcoin's short-term prospects are looking bleak, but its close proximity to historically strong price support is calling for caution from sellers.

Australian Crypto Scam Reports Rose Almost 200% in 2018

Australian Crypto Scam Reports Rose Almost 200% in 2018
Australia saw a surge in reports of scams involving cryptocurrencies last year, according to the country's consumer watchdog.

Jaguar Land Rover Plans to Give Drivers Crypto in Return for Their Data

Jaguar Land Rover Plans to Give Drivers Crypto in Return for Their Data
Jaguar Land Rover is piloting tech that may soon let drivers earn rewards in the IOTA cryptocurrency for sharing data on road conditions.

US Stock Broker E*Trade to Launch Bitcoin and Ether Trading: Report

US Stock Broker E*Trade to Launch Bitcoin and Ether Trading: Report
Online stock brokerage E*Trade is preparing to launch cryptocurrency trading services, according to Bloomberg sources.

Bond Rating Agency Moody’s Warns on Risks of Private Blockchains

Bond Rating Agency Moody’s Warns on Risks of Private Blockchains
Rating agency Moody's has warned of several risks of private, centralized blockchains in a report examining the tech's pros and cons.

A Glimpse of Banking’s Future, Live on the Ethereum Blockchain

A Glimpse of Banking’s Future, Live on the Ethereum Blockchain
Last week, Frenching bank Societe Generale revealed that it has issued a security token-like bond on ethereum. But rather than using a private iteration, SocGen used the public blockchain.

I Tried to Get People to Give Away Bitcoin – And They Did

I Tried to Get People to Give Away Bitcoin – And They Did
Some of bitcoin's earliest adopters have made a fortune holding onto the coins, and Connie Gallippi wanted to give them a way to help other people. Turns out bitcoiners are quite the philanthropists too.

Murder, Censorship and Syria: Crypto and the Future of Uprisings

Murder, Censorship and Syria: Crypto and the Future of Uprisings
One technologist's imprisonment and execution in Syria exemplifies the parallel use of technology for both liberation and repression – and why bitcoin and other censorship resistant tech is needed in such areas. Meet Bassel Khartabil.

The Bitfinex-Tether Allegations Explained

The Bitfinex-Tether Allegations Explained
A quick visual overview of New York's allegations against crypto companies Bitfinex and Tether.

Paxos to Issue Up to $100 Million of Stablecoins on Ontology Blockchain

Paxos to Issue Up to $100 Million of Stablecoins on Ontology Blockchain
Paxos will issue up to 100 million of its PAX stablecoins on the Ontology blockchain next month.

Bitfinex Needs ‘A Few Weeks’ to Unfreeze Funds, CFO Tells Shareholder

Bitfinex Needs ‘A Few Weeks’ to Unfreeze Funds, CFO Tells Shareholder
A Bitfinex shareholder says its CFO told him the exchange needs 'a few weeks' to recover the funds at issue in the New York Attorney General probe.

‘Darkest Days Yet’: ‘Purple Pill’ Tell-All Details Years-Long Rift at Heart of MakerDAO Stablecoin Project

‘Darkest Days Yet’: ‘Purple Pill’ Tell-All Details Years-Long Rift at Heart of MakerDAO Stablecoin Project
Penned by the stablecoin project's former CTO, "Zandy's Story" paints a clear picture of MakerDAO's current turmoil.

Funding Approved for Audit of Ethereum’s ProgPoW Mining Proposal

Funding Approved for Audit of Ethereum’s ProgPoW Mining Proposal
Funding has been raised to conduct a technical audit over "ProgPoW" – a hotly-debated proposal to change ethereum's mining algorithm.

$10 Million in Paxos Stablecoins Printed Overnight Following Tether Allegations

$10 Million in Paxos Stablecoins Printed Overnight Following Tether Allegations
More than 10 million Paxos Standard stablecoins were minted after the New York Attorney General's bombshell allegations about rival issuer Tether.

Circle’s SeedInvest Takes Step Toward Tokenizing Stocks With Trading License

Circle’s SeedInvest Takes Step Toward Tokenizing Stocks With Trading License
SeedInvest, the equity crowdfunding platform owned by crypto startup Circle, just got a license to facilitate trading of traditional securities.

Indian Government Again Discussing Ban on Cryptocurrencies: Report

Indian Government Again Discussing Ban on Cryptocurrencies: Report
The government of India is said to be renewing its efforts to completely outlaw public cryptocurrencies, according to The Economic Times.

DeFi Upstart Dharma Brokers $6.4 Million in Crypto Loans in First 3 Weeks

DeFi Upstart Dharma Brokers $6.4 Million in Crypto Loans in First 3 Weeks
Riding a wave of interest in crypto lending, Dharma is becoming a lucrative way to arbitrage the DAI stablecoin.

2015 Bitcoin Price Resistance Re-Emerges Amid Bitfinex Controversy

2015 Bitcoin Price Resistance Re-Emerges Amid Bitfinex Controversy
A long-term technical line, which served as strong price resistance four years ago, is again capping the upside in bitcoin's price.

New Crypto-Mining Malware Targeting Asian Firms With NSA Tools

New Crypto-Mining Malware Targeting Asian Firms With NSA Tools
A new form of malware discovered by Symantec is targeting enterprises using leaked NSA tools to infect networks and mine monero.

US Prosecutors Charge 2 Foreign Nationals Over Bitcoin Investment Scam

US Prosecutors Charge 2 Foreign Nationals Over Bitcoin Investment Scam
Two Nigerian nationals have been indicted in the U.S. for wire fraud and money laundering relating to a fake bitcoin investment scheme.

Buterin Proposal Could Turn Ethereum Staking Into $160 Million Industry

Buterin Proposal Could Turn Ethereum Staking Into $160 Million Industry
Ethereum researchers are currently discussing the optimal reward issuance rates for a new version of the network called ethereum 2.0.

How Crypto Markets Are Reacting to the Tether-Bitfinex Allegations

How Crypto Markets Are Reacting to the Tether-Bitfinex Allegations
The crypto markets endured a loss of as much as $10 billion around 21:00 UTC on Thursday, following the NYAG's allegations on Bitfinex and Tether.

Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege in Court

Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege in Court
New York's Attorney General has obtained a court order against crypto exchange Bitfinex's operator iFinex as well as stablecoin company Tether.

MakerDAO Set to Increase DAI Fees Above 15% in Bid to Stabilize Stablecoin

MakerDAO Set to Increase DAI Fees Above 15% in Bid to Stabilize Stablecoin
MakerDAO token holders have voted again to increase issuance fees on dollar-backed stablecoin DAI.

Tobacco Giant Philip Morris Is Building a Different Kind of ‘Public’ Blockchain

Tobacco Giant Philip Morris Is Building a Different Kind of ‘Public’ Blockchain
Tobacco giant Philip Morris is working on a "public blockchain," an executive said, though not quite in the commonly understood sense.

Mt Gox Trustee Extends Deadline to File Rehabilitation Plan

Mt Gox Trustee Extends Deadline to File Rehabilitation Plan
Nobuaki Kobayashi, the trustee for crypto exchange Mt Gox, has extended the deadline by which he must file a civil rehabilitation plan.

Leaked Letter Exposes Infighting Atop Flagship Ethereum Project MakerDAO

Leaked Letter Exposes Infighting Atop Flagship Ethereum Project MakerDAO
The non-profit entity behind ethereum’s hottest decentralized startup is wracked with infighting, a legal letter obtained by CoinDesk reveals. The letter, dated April 1, is from an attorney representing five board members of the Cayman Islands-based MakerDAO Ecosystem Growth Foundation (MEGF) who say they were pressured to resign by CEO Rune Christensen in late March. […]

Genesis Lends $425 Million of Crypto in Q1 – and Not Just to Short Sellers

Genesis Lends $425 Million of Crypto in Q1 – and Not Just to Short Sellers
Genesis Global Trading's cryptocurrency lending arm continues to grow, even as the number of short sellers dwindles.

Payments Firm Wirex Launching 26 Stablecoins on the Stellar Blockchain

Payments Firm Wirex Launching 26 Stablecoins on the Stellar Blockchain
U.K.-licensed payments platform Wirex is launching 26 fiat-backed stablecoins on the Stellar blockchain network.

Bitcoin Faces Deeper Price Pullback Before Rally Continuation

Bitcoin Faces Deeper Price Pullback Before Rally Continuation
Bitcoin may revisit sub-$5,000 levels in the short-term, as a widely followed technical indicator is flashing a historically bearish pattern.

Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain

Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain
Sumitomo, Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year.