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CoinLive Weekly Recap: Find Out Last 7 Days' Top Stories

Author: CoinLive News Team Jul 9, 2018 at 10:27

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Coinbase Custody is Officially Open For Business

Last week, Coinbase Custody accepted its first deposit. Today, we’re proud to announce that we’re officially open for business. 

tZERO Signs Letter of Intent with GSR Capital for Security Token Investment of $160 Million

tZERO, the global leader in blockchain innovation for capital markets, today announced the signing of a letter of intent (LOI) with GSR Capital (GSR)...

A Revised Timeline for VeChainThor Wallet Migration and Token Swap

The world has entered the mobile computing age. Our goals and intentions are to adopt the go mobile strategy facilitating the mobile computing age ...

Bitcoin ATMs Becoming the Norm in US Inner Cities

Of the numerous humanitarian applications of blockchain that are being tested, and in some cases already used around the world, implementing cryptocurrency...

European Parliament In-Depth Analysis: Virtual currencies and central banks monetary policy: challenges ahead

This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.

Spanish Ruling Party Plans to Adopt Blockchain Technology for Government Operations

Some interesting blockchain-related reports have emerged from the Spanish parliament, as the lawmakers have proposed a bill, which would see the distributed ledger technology...

South Korea says it will invest $200m into blockchain projects by 2022

The South Korean government’s Ministry of Science and ICT has announced a major blockchain development programme, with plans to invest up to $207m (£156m) into public sector and select private ventures by 2022.

Kraken Claims Bloomberg is Manipulating Bitcoin Futures Market

Crypto exchange Kraken has responded to a recent article by Bloomberg that argues Tether (USDT) is being manipulated on their exchange. Kraken took a dig at the article’s complex...

Crypto is The Fastest Growing Segment of The Hedge Fund Industry

Despite the widespread sense of regulatory confusion and cryptocurrencies’ enormous value losses in recent months, investment from venture capital (VC) firms and hedge funds has grown significantly.

Bitcoin breaks above the downward channel

Bitcoin was trading up 4.85% Monday morning after a bullish weekend for the largest digital currency by market capitalisation.

NEO will be divisible - NEO CEO

According to NEO CEO, in an interview via CNBC, the token will be divisible... 

Microsoft Launches Enterprise Blockchain Partnership in Taiwan

Microsoft Taiwan has entered a partnership with Digital China and Hot Cool in the hope that the three companies can use blockchain technology to improve the financial, e-commerce, entertainment, and other industries.

Founders of Alleged $211 Million Turcoin Ponzi Scheme Arrested

The founders of the allegedly fraudulent cryptocurrency Turcoin have been arrested after the scheme was revealed last month to be an apparent Ponzi scheme.

New Study Shows Biggest Hurdle For Cryptocurrencies Is Purchasing Process

With Bitcoin, blockchain and cryptocurrencies dominating headlines across the world, CreditCoin surveyed 1,000 consumers in the United States who were somewhat familiar with Bitcoin...

International Task Force Notes Use of Cryptocurrencies in Financial Crime

The Internal Revenue Service (IRS) announced Monday that a new joint force of tax enforcement authorities will combat international and transnational tax crimes - including cybercrimes facilitated through cryptocurrencies.

Court Says India's Crypto Exchange Bank Account Ban Will Continue

India's highest court has declined to end a ban enacted by the national central bank that bars the country's crypto exchanges from doing business with regulated financial firms.

Crypto Markets Hold Recent Gains, Bitcoin Gaining Momentum Over $6,500 Price Point

Crypto markets are consolidating their recent gains, today, July 3, as data from Coin360 shows, with Bitcoin (BTC) trading above $6,500. Markets took an upswing starting June 30...

Hong Kong Continues Taking Regulatory Action, Hopes to Become International Blockchain Hub

On June 27, Hong Kong’s Securities and Futures Commission (SFC) declared in their annual report that they will “keep a close watch” on crypto and Initial Coin Offerings (ICO). 

Japanese Financial Services Agency to Change Crypto Exchange Regulations

Japanese financial regulator the Financial Services Agency (FSA) is considering to change the legal basis for how it regulates cryptocurrency exchanges, local media Sankei reports July 3.

South African Cryptocurrency Industry Exploding into Life

You may or may not know that South Africa has been going through many homegrown problems and political turmoil over the past decade or more...

NEO takes major step: 'The era of the decentralization of NEO has started'

NEO has entered the era of decentralization, the project announced in a statement on Wednesday. On July 4 at 1PM UTC, the NEO Foundation initiated the election of new consensus nodes.

Crypto Market Cap Adds $13 Billion in 6 Hours – Bitcoin on the Rise

The cryptocurrency market cap has risen from $263 billion to $276 billion in as little as six hours with Bitcoin seeing a 1.97 percent increase over the last 24 hours ...

Binance explains Syscoin incident, offers zero-fee trading and creates 'SAFU' fund

Binance has given a more detailed explanation regarding the events over the last couple of hours following the irregular trading Syscoin activity. In a statement released just now, the exchange is providing a recap on the incident.

Malta to Approve Three Crypto and Blockchain Bills Tonight

The crypto friendly island, Malta continues to invent itself with its parliament set to approve the three cryptocurrency and blockchain bills via a third reading tonight. 

All Big Insurers Are Uniting Behind R3's Blockchain Tech

R3 has scored another win in the insurance sector, giving the startup a wide lead over other distributed ledger technology (DLT) providers in the sector.

Spain's Lawmakers Push for Blockchain Use in Governance

Spain's ruling party believes the government should utilize blockchain to operate the country's public administration more efficiently.

EU Regulator: DLT In Trade Finance Still Faces Legal Uncertainty

An EU banking regulator has published a new report exploring the benefits and risks associated with the use of distributed ledger technology (DLT) in finance.

EOS RAM Prices Skyrocket Amid Network Speculation

Prices for RAM on the EOS network have skyrocketed this week, reaching as high as almost 920 EOS (around $8,160 to press time) per 1MB of RAM, as data from indicates today, July 4.

British MP Says Blockchain Technology Can Save UK £8 Billion

Conservative member of the British Parliament Eddie Hughes has said that the British government needs a Chief Blockchain Officer to enable social freedom, increase efficiency and rebuild societal trust.

$731 Million Stolen from Crypto Exchanges in 2018: Can Hacks be Prevented?

Blockchain security firm CipherTrace recently reported that $731 million worth of cryptocurrencies were stolen from crypto exchanges during the first half of 2018.

6 Million Bitcoin is Lost or Stolen, Should the Real Value of BTC Higher?

At the Building on Bitcoin conference this week, Jameson Lopp, former lead engineer at BitGo and engineer at CasaHODL, revealed that an estimated 4 million BTC are lost and 2 million BTC are stolen.

South Korea Will Officially Legalize Cryptocurrency and Blockchain-Based Industries

South Korea plans to categorize cryptocurrency exchanges as legal entities in a move that will lay a solid and formal foundation for the legitimacy of crypto and blockchain technology.

IBM Signs $740 Million Deal With Australian Gov’t to Use Blockchain for Data Security

IBM has signed a five-year AU$1 billion ($740 million) deal with the Australian government to use blockchain and other new technologies to improve data security, Bloomberg reports Thursday, July 5.

YouTube Added as Defendant in Class Action Lawsuit Against BitConnect

According to court documents filed July 3, YouTube has been added as a defendant in a class action lawsuit against BitConnect.

Dutch Speed Trading Firm Enters Crypto Market Despite Regulator’s Warnings

Amsterdam-based speed trader Flow Traders NV has entered the cryptocurrency market despite the warnings of the Dutch Authority for the Financial Markets (AFM) ...

The EU's Biggest ETF Firm Expands Into Crypto Products

Europe's largest trader of exchange-traded funds (ETFs) is now entering the crypto world.

India's Ruling Party Accused of Involvement in 'Mega Bitcoin Scam'

The Indian National Congress (INC) party, the largest political party in the nation, is accusing the ruling Bharatiya Janta Party (BJP) of money laundering through bitcoin.

Bittrex and Partner on New Crypto Trading Platform

Bittrex, a U.S.-based cryptocurrency exchange platform, and, a fintech startup based in London, are set to launch a new EU-focused crypto trading platform.

Up 50%: Ethos Rallies Big After Crypto Wallet Launch

Gravity-defying might be the best way to describe the "ethos" token market this week.

‘Stop Trying to Create Money!’: BIS Chief Carstens on Cryptocurrency

No, that’s not a direct quote, but it more or less sums up international banking chief Agustín Carstens’ thoughts on cryptocurrency, both as a technological development and an economic pursuit.

Bitfinex announces full support for the upcoming VeChain (VEN) Thor token swap

Bitfinex announced that it will be supporting the upcoming VeChain (VEN) Thor token swap. Bitfinex will be handling everything associated with the token migration...

Bitmain Now Valued at $12 Bln Following Recent Funding Round

One of the largest Bitcoin (BTC) mining companies globally, Bitmain, is now valued at $12 billion following a Series B round of funding, Chinese news outlet Caixin reports July 6.

The EU's Biggest ETF Firm Expands Into Crypto Products

Europe's largest trader of exchange-traded funds (ETFs) is now entering the crypto world.

Tezos Investors Got a Chance to Sell This Week – And They Took It

After waiting nearly a year to get their tokens, the first thing many Tezos investors did was get rid of them.

Bitcoin Awaits Price Breakout As Trading Range Tightens

The price of bitcoin (BTC) is stuck in a $400 range defined by key technical levels, and the direction of the breakout will likely set the tone for the next move in the cryptocurrency. 

Facebook Has a New Director of Engineering for Blockchain

Facebook appears to be getting more serious about blockchain, having recently named an engineering director dedicated to the technology.

South Korea to Loosen Crypto Rules in Cooperation With G20 Directive

South Korea, a country that has banned ICOs, plans to loosen restrictions on cryptocurrencies based on efforts by G20 to create uniform regulations.

Ethereum Sharding Slated for 2020: ETH Foundation Researcher Justin Drake

Sharding, a much-anticipated Ethereum scaling solution, could be implemented as soon as 2020, Ethereum Foundation researcher Justin Drake said on Friday.

Winklevoss Twins Poach NYSE Executive to Serve as Gemini’s First CTO

Gemini, the Winklevoss twins’ cryptocurrency exchange, has joined the trend of hiring institutional trading executives for crypto exchanges by hiring Robert Cornish of the New York Stock Exchange (NYSE) to serve as its first chief technology officer.

Swiss Stock Exchange to Tokenize Securities With New DLT Platform

Switzerland's principal stock exchange has announced that it is developing a blockchain-based platform to tokenize traditional securities.


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