Stock Analytics Firm Trefis Adjusts Year-End BTC Prediction to $12,500

Stock Analytics Firm Trefis Adjusts Year-End BTC Prediction to $12,500

Stock analytics firm Trefis announced in a 5 June blog post the reduction of its Bitcoin year-end price valuation from USD 15,000 to USD 12,500. It also shared the headline of the article on Twitter, with a link to the original blog post. Lowering Our Year-End Bitcoin Price Target To $12,500 Due To Weaker Transaction Volume Outlookhttps://t.co/Plya7iHWKo […]

South Korean Police Treats Crypto Margin Trading as Illegal Gambling

South Korean Police Treats Crypto Margin Trading as Illegal Gambling

The Cyber Criminal Investigation Unit of the Southern Provincial police department of South Korea has declared that a margin trading service offered on the Coinone exchange from November 2016 to December 2017 is equivalent to illegal gambling. Three Coinone executives and 20 high-volume margin traders will be arrested and prosecuted. Coinone is the third largest […]

Huobi to Develop as Decentralized Autonomous Organization

Huobi to Develop as Decentralized Autonomous Organization

Huobi, one of the biggest cryptocurrency exchanges in the world, has announced that it is offering 30 million Huobi Tokens (HT) to fund the development of the Huobi Chain Project. Its ultimate goal is to move its entire operation onto a public blockchain, so that they become decentralized and autonomous. Gordon Chen, a senior Huobi executive, […]

First Swiss Bank Open for Business to Crypto Companies

First Swiss Bank Open for Business to Crypto Companies

Hypothekarbank Lenzburg has become the first Swiss bank in the alpine country to provide business accounts to blockchain and cryptocurrency companies, Cointelegraph reported June 6. Another financial institution, Zurich’s Falcon Private Bank, had offered crypto asset management services to its clients since last year, but Hypothekarbank has become the first to open company in the fintech […]

Northern Trust Patents Blockchain Tech to Record Business Meetings

Northern Trust Patents Blockchain Tech to Record Business Meetings

Northern Trust won two patents from the US Patent and Trademark Office on 5 June 2018 for blockchain technology which will record business meetings on an immutable blockchain ledger. Northern Trust is a financial services company headquartered in Chicago, Illinois that has over USD 100 billion of assets and brings in over USD 1 billion […]

CFTC Commissioner: Crypto Will ‘Proliferate To Every Economy’

CFTC Commissioner: Crypto Will 'Proliferate To Every Economy'

Rostin Benham, a commissioner at the United States Commodity Futures Trading Commission (CFTC), stated that “cryptocurrencies will proliferate to every economy and every part of the planet”, calling crypto a “modern miracle”. He believed blockchain had the potential to address the world’s most pressing problems like poverty, corruption, food, and healthcare. He made these comments […]

Giant Investment Firm Susquehanna Begins Offering Crypto Trading

Giant Investment Firm Susquehanna Begins Offering Crypto Trading

Susquehanna International Group based just outside of Philadelphia, Pennsylvania is one of the largest investment firms in the world, and now is opening up cryptocurrency trading and investments to a small group of 500 clients. It is are looking to expand its cryptocurrency operations to many more clients if all goes well. The head of Susquehanna’s […]

CEOs Give Massive Thumbs Down to Google’s Crypto Ban

CEOs Give Massive Thumbs Down to Google's Crypto Ban

Many finance industry executives have voiced their opinions on the recent decision by Google, following Facebook’s similar move, to ban cryptocurrency advertising. In March 2018, Google issued a statement announcing that cryptocurrency-focused promotional content would no longer be allowed on all of its platforms. According to the statement, the ban covers adverts for ICOs, exchange […]

Circle Attempting US Banking License

Circle Attempting US Banking License

Cryptocurrency exchange Circle is seeking a banking license from the federal government of the United States. If successful, this would be the first cryptocurrency exchange that becomes an official bank in the United States, which would be a major milestone for the cryptocurrency world. Becoming a bank would give Circle some important benefits, such as […]