About Author:
1 Confirmation with Jeff and Dave
Osato is a Bitcoin enthusiast with a flair for writing. When he isn't providing unique perspectives on the current happenings in the industry, he can be found pouring over old books on history and philosophy or trying to beat his Scrabble high score.
Microsoft’s M12 and Pantera Capital are among investors in a $300 million Series B funding round for Bakkt. The fresh influx of capital comes as the company looks to launch its consumer payments app while announcing the option of Bakkt Cash payment for Starbucks coffee. Microsoft Leads $300 Million Series...
The U.K. Financial Conduct Authority (FCA) is warning the public that crypto exchange platform, Kraken, is not authorized to operate in the country. FCA Issues Kraken Crypto Exchange Warning In a statement issued on its website on Tuesday (March 3, 2020), U.K.’s financial regulator declared that Kraken is not licensed...
SFB Technologies, a full-cycle digital agency focused on blockchain development has announced that Alogorand’s blockchain protocol will be used to develop the national digital currency of the Marshall Islands dubbed Marshallese Sovereign (SOV). Marshallese Government Targets World’s First CBDC According to an announcement issued by blockchain developer SFB Technologies, work...
Tron CEO Justin Sun has allegedly carried out a hostile takeover of the Steem blockchain using STEEM token deposits held in major crypto exchanges like Binance and Huobi. The alleged takeover has seen a scheduled soft fork of the blockchain network reversed. Sequence of Events As previously reported by BTCManager,...
Trading volume on decentralized crypto exchanges (DEX) increased by 62 percent in February 2020 setting a new all-time high (ATH) in a continuation of the trend of growing customer appetite for alternatives to centralized crypto trading marketplaces. DEX February 2020 Volume Sets New ATH According to blockchain data tracking firm,...
UK-based insurance behemoth Lloyd’s of London has announced its move to provide crypto-insurance services for funds held in cryptocurrency hot wallets. Lloyd’s Atrium Targets Crypto Insurance Scene According to The Times, insurance giant and the U.K’s oldest marketplace Lloyd’s of London has launched a new policy geared towards protecting crypto...
Details from Square’s recent shareholder letter show that the company sold $517 million worth of Bitcoin in 2019 with sales of the top cryptocurrency accounting for about half of its revenue in Q4 of last year. Bitcoin Accounts for Half of Square’s Q4 2019 Revenue According to the company’s statement...
Finland’s Customs, locally known as Tulli, is considering auctioning some 1,666 bitcoins (BTC) worth approximately $14 million seized during a successful drug bust back in 2016. Authorities Concerned About Selling Bitcoin To Criminals According to local news outlet Yle, Finland’s Customs agency is considering auctioning some 1,666 BTC seized from...
Sarah John, chief cashier of the Bank of England (BoE) says governments should seriously consider creating central bank digital currencies (CBDC) as a countermeasure to private crypto projects. Central Banks Need to Dominate Digital Currency Space Speaking to the Telegraph, John highlighted the need for central banks to consider CBDC...
Taro Aso, Japan's Finance Minister has voiced his reservations concerning China’s plans to issue its central bank digital currency (CBDC) - the digital yuan. Aso told fellow finance chiefs at the G-20 summit that Beijing’s state-backed crypto could negatively upset the balance of the global economy. Tokyo Concerned About China’s...
Crypto and blockchain technology was the main focus of the latest episode of The Simpsons. The appearance of digital currencies on the popular animated TV show is the latest in a growing list of pop culture references for virtual currencies. “Frinkcoin”: Cryptocurrency Explainer Video on the Simpsons In the episode...
Italian football heavyweight Juventus has signed a partnership deal with blockchain-based digital trading card platform Sorare. The deal is geared towards offering fans rare digital trading cards powered by Ethereum’s ERC-721 standard. Juve and Sorare Partner to Create Tradable Fan Tokens According to SportsProMedia, Italy’s biggest football club Juventus has...
The United States Internal Revenue Service (IRS) is inviting cryptocurrency stakeholders to a crypto tax summit in March. The move comes as the IRS has declared its intention to pursue robust virtual currency tax enforcement in 2020. IRS and Crypto Groups to Discuss Taxation Policies According to Bloomberg Tax, the...
Decentralized Finance (DeFi) lending platform bZx has reportedly suffered another attack with the hacker making off with a profit of 2,378 ETH (about $645,000). bZx Hits Pause Following Suspected Attack In a tweet published on Tuesday (February 18, 2020), bZx acknowledged suspicious transactions involving flash loans. The suspected attack comes...
FCoin founder Zhang Jian has published a lengthy tell-all detailing the demise of the once-promising crypto exchange platform with the service unable to service the $125 million in crypto deposits owed to customers. FCoin Founder Bares All On Monday (February 17, 2020), Jian published a blog post on the FCoin...
