#Bitcoin News

SoFi Users Can Now Trade Bitcoin, Ether, and Litecoin

September 27, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Ethereum

Social Finance, Inc. (SoFi), a United States-based online personal finance platform that offers student loan refinancing, mortgages, and personal loans has finally launched its cryptocurrency trading service. SoFi users can now trade bitcoin (BTC), ether (ETH) and litecoin (LTC) through its SoFi Invest service, reports Fortune on September 25, 2019....

Steady Bitcoin Lightning Network Development Strengthened by Electrum and Muun

Fold App Raises $2.5 Million in Their Bid to Further Lightning Adoption

September 26, 2019 by Ashwath Balakrishnan at Bitcoin

Fold App has introduced a non-custodial way for users around to globe to transact with and spend their bitcoin. As per sources close to Coindesk, the startup has raised $2.5 million from the likes of Fulgur Ventures and CoinShares, September 26, 2019. Fold currently enjoys a strong USP as they focus...

Singapore: MAS Partners JP Morgan to Develop Blockchain-Enabled Payments Network

Former Fed Official Refutes BoE Governor’s Suggestion to End Dollar Dominance

September 26, 2019 by Ashwath Balakrishnan at Bitcoin

Ex Federal Reserve senior official, Simon Potter, has rebutted against Mark Carney's recent suggestion to introduce a digital currency to be used as the global reserve currency for international settlement. According to BNN Bloomberg, Potter believes there are numerous benefits countries receive for using the dollar to settle international trade balances,...

Antivirus Provider Announces Fix for WannaCryFake Rasomware

Antivirus Provider Announces Fix for WannaCryFake Ransomware

September 26, 2019 by Ashwath Balakrishnan at Bitcoin

Emisoft has released a free fix for the WannaCryFake variant of the WannaCry ransomware that has been targeting businesses since 2017. The software aims to help users get access to their encrypted data without paying the ransom demanded by hackers. Files are locked using the AES-256 encryption mechanism, and Emisoft's...

Bitcoin and Ether Market Update: January 9, 2020

Bitcoin and Ether Market Update: September 26, 2019

September 26, 2019 by Georgi Hristov at Altcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, Price Analysis, Price pages

Total crypto market cap lost $42.4 billion of its value since Monday, September 23 and now stands at $221.78 billion. Top ten coins are mostly in green for the last 24 hours with XRP (XRP) and Cardano (ADA) being the best performers with 2.6 and 2 percent of gains respectively....

It’s Far Too Early to Write Off Bakkt

September 26, 2019 by Ashwath Balakrishnan at Bitcoin

Bakkt's launch didn't have the firepower that most retail participants were expecting. The contract is currently running with approximately 60 BTC of volume. This has led many people to call it a "failure" and "non-event". As further corroborated by Financial Times, this is the start of financial legitimacy and not...

Man sitting down calculating bitcoin Tax

U.S. Accounting Firm H&R Block Offers Cryptocurrency Tax Consulting

September 25, 2019 by Aisshwarya Tiwari at Bitcoin

H&R Block, a New York Stock Exchange-listed global consumer tax services provider, on September 24, 2019, announced the launch of a new consumer service that would aid people engaging in digital currency transactions correctly file their crypto gains and losses with the Internal Revenue Service (IRS). Filing Crypto Tax Made...

SEC Defers Judgement on Wilshire Phoenix ETF, Again

September 25, 2019 by Ashwath Balakrishnan at Bitcoin

An expected turn of events has once again occurred as the SEC released a public filing stating their intent to gather more public commentary on Wilshire Phoenix's Bitcoin ETF proposal before coming to a conclusion, September 24, 2019. It is worth noting Bitwise's ETF proposal was not addressed, and this...

Bitcoin being absolutely electric and gold

Welsh Cryptocurrency Insurance Startup Coincover Protects Digital Funds from Theft or Loss

September 24, 2019 by Edoardo Vecchio at Bitcoin

Welsh startup Coincover, which specializes in digital asset insurance, has been selected by the UK’s Department for International Trade (DIT) as one of the best insurtech companies for their 24/7 crypto-monitoring service. Secure Your Crypto, Even Online One of the first hurdles when approaching the world of cryptocurrencies is certainly...

Bitcoin beaming in the sky as a man looks on praising the new god

The Cycle of Traditional Economic Manipulation is an Opportunity for Cryptocurrencies

September 24, 2019 by Ashwath Balakrishnan at Bitcoin

One of the primary reasons that Bitcoin bulls are so full of hope and euphoria is the constant manipulation and complexity in global economics. Central banks are constantly changing their outlook and looking for ways to either inject or withdraw liquidity from the market. According to a piece by Forbes, this poses...

BKL looking at an invoice settled with satoshis

Accountancy Firm BKL to Accept Bitcoin to Settle Invoices

September 24, 2019 by Aisshwarya Tiwari at Bitcoin

In a major development for cryptocurrency adoption, Cambridge-based accountancy firm BKL announced on September 23, 2019, that it would be accepting bitcoin (BTC) as fee payment to settle invoices. BKL Embraces Digital Money Spearheading the digital currency adoption race in the U.K., mid-sized accountancy firm BKL declared on September 23...

Bitcoin standing happily outside a crypto bank yay woo

Swiss Investor at Sygnum Reflects on Cryptocurrencies as an Opportunity for Banks

September 23, 2019 by Edoardo Vecchio at Bitcoin

Peter Wuffli, a Swiss banker who has worked at UBS as CEO for several years, spoils his vision of the cryptocurrency ecosystem and his new role at Sygnum in an interview published by finews, September 23. Informed Opinion Finews.com, Switzerland's leading news site for the financial sector, published an interview...

Fake Kate Winslet BBC Interview Promotes Fraudulent Bitcoin Scam

September 23, 2019 by Anthonia Isichei at Bitcoin

Hollywood actress Kate Winslet is looking to sue a group of bitcoin scammers who impersonated her to get money from unsuspecting investors. According to a report on September 23, 2019, the schemers alleged that the actress made her fortune through cryptocurrency investments. Tip of the Iceberg A group of online...

Blackstone CEO Brands Blockchain as Interesting, Promises to Never Purchase Bitcoin

September 23, 2019 by Ashwath Balakrishnan at Bitcoin

Stephen Schwarzman, CEO of investment firm Blackstone, has offered his thoughts on the euphoria regarding blockchain and bitcoin. Schwarzman labeled bitcoin an 'odd' investment but admitted that the notion of a blockchain is quite interesting and sound, as reported by Forbes, September 22, 2019. Another Banking Veteran Against Bitcoin It comes...

Bakkt Confirms Launch of Futures on September 23

Bakkt Futures Contracts Launch, Trading Goes Live

September 23, 2019 by Ashwath Balakrishnan at Bitcoin

The much-awaited launch of Bakkt was successfully completed, with contracts for institutional participants available for trade over the platform. A Bloomberg report highlighted the different types of contracts to be launched and what's next on Bakkt's agenda, September 23, 2019. The Road to Physical Settlement Bakkt's journey so far has by...

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