Category: Crypto Trends

Global cryptocurrency exchange BitMEX has closed its platform to users from Hong Kong, Bermuda and the Seychelles, determining users’ location based on the IP address of attempted connections. According to a press release issued by BitMEX on August 19, 2019,…

Cryptocurrency trust and security firm BitGo has appointed Pete Najarian as its new chief revenue officer (CRO), according to a press release. Najarian will report to the company’s CEO, Mike Belshe.  Prior to his appointment, Najarian was a senior vice…

“How Do Private Currencies Affect Government Policy?” This central question is the focus (and title of) a newly published academic paper authored by NYU School of Law professor Max Raskin, McGill University Desautels Faculty of Management professor Fahad Saleh and…

Bitcoin offered the first smart contract programming language the world had ever seen. Script, as this language is called, lets users encode different conditions under which coins can be spent. But while this was a revolutionary concept, it’s not easy…

Bitcoin consumes a lot of energy. Go ahead and shout it from the rooftops — it’s a fact.   According to CoinShares’ June 2019 mining report, Bitcoin uses approximately 41 terawatt-hours (TWh) of energy per year, which is roughly equal to…

Rakuten Wallet has announced that it has launched a new service for crypto asset spot trading, complete with a dedicated smartphone app. The Rakuten Group is a Japanese e-commerce leader that has been in operation for more than 20 years,…

Cryptocurrency exchange Binance has announced that its iOS app is now live.  Binance’s app first appeared on the App Store in October 2018, but it was summarily taken off in May 2019. In a blog post published on August 19,…

On June 27, 2019, a handful of leaders for a wildly popular ponzi scheme that spread across Asia were arrested by Chinese authorities after they managed to fleece unwitting customers out of roughly $3 billion.  PlusToken, as it was called,…

Some commentators have dismissed Bitcoin as a joke compared to blockchain technology, but Bitcoin is proving to be more resilient as a decentralized and truly novel approach to financial services. Most blockchain implementations in the financial service industry deliver cost…

CGEX, the Malta-based crypto exchange opened by South Korean Coinone, will shutter its services next month. The exchange posted a termination notice late last week, saying that it would terminate all of its services on September 18, 2019.  Coinone established…