Russia-based, hacked crypto exchange Livecoin has decided to close its operations and has asked all its customers to begin withdrawing their funds according to a new announcement. Through a new domain called Livecoin.news, the firm now stated: There is no way to continue operative business in these conditions, so we take a hard decision toContinue reading “Russian crypto exchange Livecoin to shut shop after December hack”

Huobi Korea, South Korean subsidiary of crypto exchange platform Huobi Global, has acquired a major certification to help it comply with local regulations. On 18 January 2021, Korea Internet and Security Agency or KISA granted the information security management system (ISMS) certification to the digital asset platform. Huobi Korea will now be able to makeContinue reading “Huobi Korea acquires key certification amid South Korea’s new crypto rules”

United States Office of the Comptroller of the Currency (OCC) announced on 14 January that the federal agency’s Acting Controller Brian Brooks will step down, and that Blake Paulson will become the new Acting Comptroller of the Currency. The incoming official has been with the agency since 1986 as a bank examiner, who later becameContinue reading “Bitcoin friendly Brian Brooks to step down as Acting Comptroller of US OCC”

Not long after the President of European Central Bank called Bitcoin a “highly speculative asset” and that it was used to conduct money laundering, Mike Novogratz took to Twitter to criticize the official’s statement about Bitcoin.   The Galaxy Digital founder pointed out that over the years, several major banks in Europe had been finedContinue reading “Mike Novogratz defends Bitcoin after ECB chief calls it ‘funny business’”

Winklevoss twins Cameron and Tyler are thinking about taking their crypto exchange Gemini public. However, the cofounders of the New York-based regulated exchange clarified that they have not finalized the decision of having an initial public offering, yet. President of Gemini, Cameron Winklevoss said in a recent interview that the company would remain open toContinue reading “After Coinbase, Bakkt, Gemini’s Winklevoss brothers are thinking about going public”

Grayscale Investments’ total assets under management (AUM) are now worth $25 billion in crypto according to the firm’s latest announcement on 13 January:  01/12/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products. Total AUM: $25.0 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/0aNNHB1VKb —Continue reading “Grayscale’s Bitcoin, Ether and other assets under management at $25 billion ATH”

Wallet security exploits have resulted in losses amounting to millions of dollars, which many believe hinders mainstream adoption of Bitcoin and other crypto-assets.   Recently, data compiled by Ngrave’s team projected that crypto users’ assets are not as secure as they believe them to be. According to the hardware wallet maker’s ongoing survey on cryptoContinue reading “Crypto users’ assets like Bitcoin, Ether ‘less secure than they think’”

Digital currency plans across nations seem to be drawing out concerns from a host of commercial banks. As a result, several questions have emerged with regard to a CBDC’s impact on private banking sectors. Recently, Russia’s Association of Banks became the latest network to join the discussion. According to the Association, local member banks weighedContinue reading “Association of Russian Banks cites risks associated with digital ruble”

Ever since business intelligence firm, MicroStrategy, invested $425 million of its treasury funds into Bitcoin last year, the company and its CEO have been lauded for supposedly driving mainstream BTC adoption. The onset of the Bitcoin rally allowed MicroStrategy to take advantage of market conditions and increase the value of its BTC holdings. At theContinue reading “Here’s how MicroStrategy CEO intends to get more companies to buy Bitcoin”

With Bitcoin trading under the $34,000 mark at press time, analysts at Fundstrat Global shed new light on the asset’s current price movement. According to David Grider at Fundstrat, BTC’s recent lows mean a temporary and healthy correction before prices resume to main market trends.  Soon after BTC surged to $40,000, experts in the fieldContinue reading “Amid price lows, Bitcoin correction seen as healthy and temporary”

Germany’s central cybercrime authorities have taken down Internet marketplace DarkMarket and now hold its operator in custody. On 11 January, investigators shut down the marketplace’s servers and seized 20 other servers in Moldova and Ukraine. Officials plan to use the confiscated database from the servers to find the alleged moderators, sellers, and buyers of theContinue reading “Internet marketplace DarkMarket taken down; operator in German custody”

After making a public announcement about its new Bitcoin investment strategy, UK-based Ruffer Investment’s Chairman today detailed the reason behind the company’s 2.5% allocation of its multi-strategies fund to Bitcoin. According to Chairman Jonathan Ruffer, Bitcoin is an emerging store of value. He based his claim on the firm’s research that assessed “the danger thatContinue reading “Bitcoin is an emerging store of value, challenger to gold: Ruffer Investment’s Chairman”