Countries around the world are still struggling to classify cryptocurrencies. The SEC even created a special office to deal with fintech and new digital assets. China has come out to classify cryptocurrencies as legal properties, and not legal currencies. The Shenzhen Court of International Arbitration (SCIA) has ruled out that digital coins, especially Bitcoin, are…
Read more
JMP Group LLC, a leading San-Francisco-based investment banking and asset management company, released its cryptocurrency findings for 2017 and shared an outlook on the M&A activity in the digital coin market for 2018. According to the research, cryptocurrency M&A activity was not correlated with the pressure that has hit the overall cryptocurrency market in 2017.…
Read more
Digital Asset Custody Company (DACC), a custody solution purpose-built for institutional investors holding digital assets, has announced that it has expanded its custody solutions to cover Monero (XMR). Launched in April 2014, XMR is frequently cited as one of the most private tokens available in cryptocurrency markets. Given the complexity of supporting Monero in a…
Read more
Since the commencement of 2018, cryptocurrencies have begun to enter the mainstream of the finance world, with such major announcements as the commencement of trading in Bitcoin futures on the CBOE, Nomura Holdings announcing a foray into cryptocurrency storage and security solutions, ICE (owner of the New York Stock Exchange) announcing the formation of a…
Read more
Dash, the cryptocurrency for payments and e-commerce, has been added to the array of top cryptocurrencies available on CoinCola’s over-the-counter (OTC) trading platform for digital assets including BTC, ETH, BCH, LTC, and USDT. The announcement comes as CoinCola aims to expand its presence in Latin America, where Dash has gained significant adoption levels in recent…
Read more
According to CipherTrace, hackers have already stolen $927 million in cryptocurrencies for the first three quarters of 2018. The other staggering statistic is that of all payments made between criminal groups, 97% used unregulated crypto exchanges. There are two major mishaps that contributed to the large amount of stolen cryptocurrencies. The first one was the…
Read more
Last week, the Israeli Blockchain Forum hosted a meetup with the Israeli Tax Authority (ITA). CPA Roland Am-Shalem, Senior Deputy Director General at the Authority, participated in the meetup. The deputy head of Israel’s tax bureau has announced that the government is prepared to accept alternatives to the first in, first out (FIFO) system for…
Read more
Bitcoin is sinking and taking all alt coins down with it, it seems. The price of the "people's currency" is going down and has reached a price level of $6,900 according to CoinDesk. In December 2017, the price of Bitcoin reached $20,000. Back then, a lot of investors were bullish on the future of Bitcoin.…
Read more
MyCrypto, Inc., an open-source interface that simplifies the process of storing, sending, and receiving digital assets, has just announced it has raised $4 million in a Series A round of funding led by Polychain Capital. With these new resources, MyCrypto aims to build the first mass consumer friendly gateway for cryptocurrency users. MyCrypto provides a…
Read more
Carverr, a Swiss startup, is taking the cryptocurrency industry into a whole other place. Investors are now able to use synthetic DNA to store their Bitcoin, all thanks to the revolutionary work of Carverr. The company has started a platform that essentially enables investors to convert their cryptocurrencies and the private keys into DNA, which…
Read more