UK Insurer Legal & General Picks Amazon for Blockchain Pensions

Reuters reports that UK insurance firm Legal & General has settled on Amazon as its client to work on what it says will be the first corporate pension blockchain system. Amazon Web Services (AWS) will launch a managed blockchain system by Legal & General to manage bulk annuities. This involves the insurer assuming the control […]

Old Mutual Decides Against Insuring Mining Rigs

A pan-African insurance firm, Old Mutual, has issued a statement saying that it will not insure equipment used in Bitcoin and crypto mining, citing the high expense, risk, and speculative nature of the sector. A CoinDesk article detailing this news says that Old Mutual is only following the ban on insurance cover for mining rigs, […]

Austria Post Releases Collectible Crypto Stamps

The national postal service of Austria, Austrian Post, has released a line of collectible crypto stamps, as part of its crypto memorabilia efforts. A press release has dubbed its inaugural “crypto stamp” the first in the world to be authenticated using blockchain technology. An initial batch of 150,000 copies of the stamp can be bought at the […]

Coinbase Adds 6 More Countries to Debit Card Scheme

Coinbase is extending its crypto debit card empire from the UK to six more European countries as of today. The new cards for Coinbase account holders will now be available from 12 June for users in France, Germany, Italy, Ireland, Spain, and the Netherlands. The Coinbase card is to simplify payments for all products to put […]

Google Claims It Did Not Shut Down CCN.com

A Google representative has denied that there was any attempt to instigate CNN.com’s shutdown by updating the Google algorithm. On 10 June, the popular cryptocurrency news site was shut down due to a marked decrease in its online readership. The search giant responded that some sites might be affected more than others after the Google update. […]

Bitcoin Attacks $8,000 for 3rd Day Running

Bitcoin bulls are showing their determination this week, as today marks the third day in a row that long buyers have seen a breach of USD 8,000. It has not managed to maintain any reasonable amount of time above that level, but it has certainly shown that the bulls are not willing to give up […]

BitcoinNews.com Bitcoin Market Analysis 12th June 2019

Bitcoin Market Analysis 12th June 2019

The bickerfest between sellers and buyers continues and goes on the seventh day. After closing a weekly candle in the range of $7,530-7,770  with the beginning of the new week, the price continued to move within consolidation. We want to note that the attempt to break through $7,530-7,770 was not convincing. No increased volumes nor […]

Bitcoin’s Lightning Network to Introduce Fraud-Busting “Watchtowers”

“Watchtowers” will soon appear on Bitcoin’s second layer Lightning Network implementation and are the much awaited next step in improved security against fraud. The experimental network seeking to make Bitcoin payments faster and cheaper have long been missing a crucial piece of fraud-preventing measures, and a network of watchtowers aims to solve just this when […]

Investment Heavyweights Add Investment Spark to Digital Security Firm Fireblocks

Fireblocks, a platform which secures and protects digital assets in transit, is getting some serious backing for its latest project from the proprietary investment arm of Fidelity International. The USD 16 million in Series A funding from investment heavyweights including Cyberstarts, Tenaya Capital, and Eight Road will now enable Fireblocks to seek further backing and […]