Latest News

Bank of America wins patent for cryptocurrency storage system
14 November, 2018 16:46

Bank of America wins patent for cryptocurrency storage system

Bank of America has successfully registered the cryptocurrency aggregation system. The company has created a system that may help large companies (in particular, trading platforms and custody services) store cryptos of their clients. A company must open a single corporate cryptocurrency account. A client, in its turn, will receive funds in equivalent amount, while crypto coins will remain in the storage.

AurumCoin faces 51% attack with almost 16,000 coins stolen from trading platform
14 November, 2018 15:17

AurumCoin faces 51% attack with almost 16,000 coins stolen from trading platform

AurumCoin team has reported the 51% attack, which resulted in a loss of 15,752.26 (some $571,000) from the Cryptopia platform. The probable scenario of the accident is following – the hacker sent the funds to Cryptopia account, exchanged into other crypto and then cancelled transaction using on-hand capacities.

Central banks should consider digital currency, IMF chief said
14 November, 2018 14:23

Central banks should consider digital currency, IMF chief said

The International Monetary Fund thinks that central banks worldwide may consider digital currency issuing. During the Singapore Fintech Festival held this week, the head of IMF, Christine Lagarde said on Tuesday that the countries may think over digital currencies citing obvious benefits, including a higher level of transaction security. The state-backed digital currency is a quite real concept, with many banks considering this launch and China, Canada, Uruguay and Sweden are among them. As Christine Lagarde noted, they are open to new changes and this is exactly what the IMF requires now.

Chinese crypto miners reportedly off power line
14 November, 2018 13:12

Chinese crypto miners reportedly off power line

Chinese Miners in Xinjiang and Guizhou have suspended operations for the state tax and registration checks. Crypto mining companies in these provinces were disconnected from the power grid beginning from November 5. As a result, these measures caused 1 million production capacity loss per day during the inspection period. The authorities and law enforcement bodies checked the tax reports, assets and other information, with a strong focus on crypto miners. It is unknown whether crypto miners are reconnected to the power grid

GoverMedia Plus Canada Corp expresses intent to acquire EXMO exchange
14 November, 2018 11:46

GoverMedia Plus Canada Corp expresses intent to acquire EXMO exchange

Crypto exchange EXMO and Canada's GoverMedia Plus Canada Corp reportedly signed a letter of intent (LOI) under which the latter will be able to negotiate the acquisition of the trading platform within the 180-day period. If the parties eventually sign a sale-purchase contract, EXMO brand will be retained and the exchange will be listed on the Canadian Stock Exchange.

Bitfinex lists Chain Split tokens on upcoming hardfork
13 November, 2018 16:13

Bitfinex lists Chain Split tokens on upcoming hardfork

Hong Kong-based Bitfinex exchange is going to launch trading of the tokens resulting from the upcoming Bitcoin Cash hardfork. The platform has listed Chain Split token for the hardfork implementations – ABC and SV, that may appear on November 15. According to the released information, the exchange will offer trading BAB (ABC implementation) and BSV (SV implementation) vs USD and BTC. Users can convert their BCH into these tokens via Token Manager. Notably, the marginal trading will be unavailable. 

Ripple moves class action to federal court
13 November, 2018 13:27

Ripple moves class action to federal court

Ripple Labs managed to get hearing of the class action case regarding trading of unregistered securities in the Superior Court of San Mateo. It is reported that the plaintiffs cite that the company sold unregistered securities under the cover of its XRP token and deliberately set too high prices for the coin. The class action was filed against Ripple Labs and XRP II division combining the cases of  Avner Greenwald, David Oconer and Vladi Zakinov. The company attorneys stated that with plaintiffs being in different jurisdictions the case complies with all requirements for the hearing in a federal court.

Iran about to launch rial-backed national crypto
13 November, 2018 12:30

Iran about to launch rial-backed national crypto

Iran keeps working on the launch of the country's national cryptocurrency that will be backed by Iranian rial. For now, the project is waiting for the green light from the Central Bank of Iran. The chief executive officer of Informatics Services Corporation (ISC) Seyyed Abotaleb Najafi told Ibena, affiliated with CBI media agency that local banks might test the new asset, including its use in distributed infrastructure. In fact, the country, the central bank particularly, targets the national digital coin considering it as a way to avoid US sanctions as well as the expansion of the banking services.

Euro touches bottom, US dollar hikes
12 November, 2018 17:53

Euro touches bottom, US dollar hikes

The euro has started the week with the collapse to the bottom over more than a year driven by the unsettled budget issue between EU and Italy. The US Dollar index rose to 97.18. On Monday, the euro to US dollar exchange rate was recorded at 1.1266. Moreover, the rate was seen even at $1.1240 at today's trading. The sterling to the US dollar dropped to 1.2900. The greenback generally improved against the Japanese yen as well. The rate has been at 113.82 today. Speaking about the market outlook, the experts believe that the US dollar may see further support and strengthen positions against the euro particularly amid Washington-Beijing trade war, interest rate increase and political tensions in Europe.

Colorado office of SEC keeps shutting down ICOs
12 November, 2018 16:37

Colorado office of SEC keeps shutting down ICOs

Colorado Division of US Securities and Exchange Commission ordered four ICOs to cease operations charging distribution of unregistered securities. 12 ICO companies in total have already stopped operations following the order of the DORA. In particular, the corresponding document covering Bitcoin Investments Ltd., PinkDate, Prisma and Clear Shop Vision Ltd. was signed by the Commissioner by the end of last week.

Trader fined and sent to jail for fraud scheme, CFTC reported
12 November, 2018 15:43

Trader fined and sent to jail for fraud scheme, CFTC reported

The US Commodity and Futures Trading Commision has reportedly sent a trader to the prison charging Bitcoin and Litecoin fraud scheme. The authority determined that crypto trader, Joseph Kim from Arizona (USA) has to pay $1.1 million fine. Kim in his turn accepted the charges of stealing more than $600,000 from the previous employer, Chicago trading company. The funds were reportedly transferred within September-November last year. Following the determination on the case, the United States District Court for the Northern District of Illinois put Joseph Kim in prison for a 15-month period.

Bitfinex announces new fees for fiat withdrawals
12 November, 2018 13:17

Bitfinex announces new fees for fiat withdrawals

Bitfinex has announced the revision of the transaction tariffs. Traders will have to pay 3% fee for large and frequent withdrawals in fiat. The company has posted the notice on its website about new rules for traders, adding that the new fees will be effective for "more than 2 fiat withdrawals in any thirty day period; and/or more than $1 million in aggregate in fiat withdrawals in any thirty day period". Other withdrawals requests will not be subject to new tariffs.