BTC: $3,961.91 -1.34%
ETH: $134.30 -1.64%
XRP: $0.30364 -1.68%
MARKETCAP: $137,609,233,150
24H VOL: $32,786,476,876
BTC: 51%

Archive for July 2018

Binance Cryptocurrency Exchange Announces Trust Wallet Acquisition

Cryptocurrency exchange behemoth Binance has announced the acquisition of Trust Wallet, a mobile cryptocurrency wallet company. This acquisition is the first ever by the popular cryptocurrency exchange service, signaling a statement of intent in the company’s quest to stake a more significant claim in the evolving cryptocurrency market. Binance Acquires Trust Wallet Binance, today (July…

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Thomson Reuters Aims to Provide Cryptocurrency Data for Investors

Thomson Reuters is taking important steps in regularizing the cryptocurrency market. The media and information firm is determined to create an environment where investors can rely on market data in the still nascent virtual currency industry. To this end, the Canada-based company plans to collaborate with CryptoCompare, a cryptocurrency market data aggregator platform. The Dearth…

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Bitcoin Slumps Below $8,000 as Cryptocurrency Prices Tank

Today isn’t a happy day for cryptocurrency enthusiasts, as prices have been declining steadily over the past six hours. Bitcoin is back below $8,000, and other top-ranked altcoins have also suffered significant price drops in the last 24 hours. Bitcoin Loses Five Percent in a Matter of Hours Bitcoin began the day trading at just…

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CEO of Vietnamese Cryptocurrency Mining Company Flees with $35 Million in Investor Funds, Apologizes on Facebook

According to local Vietnamese news outlet VNExpress, Le Minh Tam, the CEO of Sky Mining, a large cryptocurrency mining company in Vietnam, recently fled with $35 million of investor money. Since his disappearance, investors and board members have not been able to reach the CEO. Investors also found that the company’s primary office, located in…

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HTC Set to Launch Blockchain-Capable Phone with Litecoin Support

HTC

Blockchain technology continues to be one of the most exciting emerging technologies in the modern world, and smartphone manufacturers are beginning to become aware of the potential benefits of decentralized technology. Recently, many companies seem to be mulling the idea of incorporating blockchain capability into their devises. HTC has decided to join this league by…

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CLS Announces ‘LedgerConnect’: A Blockchain-Based App Store for Banks

CLS, a major foreign exchange settlement group, is collaborating with IBM on a new blockchain platform that will make it easier and more affordable for banks to deploy distributed ledger technology (DLT). The service, LedgerConnect, will essentially serve as an “app store” full of blockchain services. The proof of concept that was recently published by…

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Korean Government Seeks to End Tax Breaks for Cryptocurrency Exchanges

The government of South Korea is considering a revision of a law which offers considerable tax benefits to cryptocurrency exchanges. A statement by the Korean government quoted in Coindesk today states that “cryptocurrency transaction brokerage is not effective in generating added value.” The current tax structure in Korea allows for small and medium-sized enterprises (SMEs)…

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