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Race to World’s First Pure PoS Crypto: Ethereum vs Vault

Race to World’s First Pure PoS Crypto_ Ethereum vs Vault

MIT researchers have claimed to develop a new cryptocurrency that requires an astounding 99% less space than Bitcoin to store data. The cryptocurrency, dubbed Vault, is based on Proof of Stake, a concept that is resource efficient and requires little energy to process. According to the MIT developers, Vault will be deployed within this year. Ethereum’s current estimate to shift …


Access to Late QuadrigaCX CEO’s Laptop May Help Recover Lost Funds

Access to Late QuadrigaCX CEO's Laptop May Help Recover Lost Funds

On Tuesday, interested parties were present at the Nova Scotia Supreme Court for the hearing of the plea for creditor protection by the insolvent Vancouver-based cryptocurrency exchange QuadrigaCX. The exchange’s CEO died late last year with access to what was thought to be the only means to recover over USD 190 million of cryptocurrency belonging to over 115,000 of its …


Kraken Acquires Crypto Facilities in “Nine-Figure” Deal

Crypto Exchange Kraken Acquires Crypto Facilities In a 'Nine-Figure' Deal

In a report yesterday by news outlet Fortune, San Francisco-based cryptocurrency exchange Kraken made an M&A move towards British trading firm Crypto Facilities in a “nine-figure” deal, a reassuring gesture of the coming of high-profile investors into the crypto space. Recently, Bitcoin News reported on how an expected full-fledged institution uptake has slowed down, most likely due to regulatory and …


If Institutions Could Change the Crypto Market Narrative, What’s Keeping Them?

If Institutions Could Change the Crypto Market Narrative, What’s Keeping Them_ (1)

Last year saw lots of interest from institutions, who were a part of a hype-drive that supposedly should have ushered Bitcoin and the altcoins out of a prolonged bear market in 2019. Suddenly, the prospects for institutional investments in the cryptocurrency markets have far more long-reaching effects than the actual application of the blockchain technology itself. It suggested that investors were …


India Worried Crypto Could Destabilize Rupee

India Worried Crypto Could Destabilize Rupee (1)

A report by Quartz India suggests that the Indian government is concerned about the effect cryptocurrency may have on its national currency. According to the article, a high-level panel working on a cryptocurrency regulatory framework has observed that a less-explored area for crypto use does exist and possesses as much risk as with the already established concerns of money laundering …


Only 3% of Americans Bought Something With Bitcoin Last Month, A 5-Year Bet Reveals

A recent podcast by Planet Money, reflected on a bet made 5 years ago between Bitcoin bull and venture capitalist Ben Horowitz whose firm has made investments worth over USD 50 million into crypto and financial journalist Felix Salmon, paints a peculiar angle on Bitcoin adoption. The bet which hinged on the adoption state of Bitcoin in 5 years as …


Crypto Exchange QuadrigaCX Funds Trapped in Cold Wallet as Only Dead CEO Had Access

Crypto Exchange QuadrigaCX Funds Trapped in Cold Wallet as Only Dead CEO Had Access

Another colossal misfortune greets 115,000 crypto traders who had their funds trapped in the now insolvent crypto exchange QuadrigaCX as it has reported that it is unable to access about USD 190 million of funds stored in the cold storage as well as fiat drafts held in custody, according to a filing for bankruptcy with the Nova Scotia Supreme Court …


Ethereum 2.0 Nears With Phase-0 Pre-Release Approaching Stable

Ethereum 2.0 Nears With Phase-0 Pre-Release Approaching Stable

The flagship dapp platform Ethereum has been undergoing several upgrades to relaunch as Ethereum 2.0, featuring its Constantinople and Serenity upgrade. Developers have been sprinting for months now to scale to the platform’s next and final developmental milestone. Notification of the update was released on GitHub. The Ethereum developers’ community explained how this is the first release – dubbed the …


UK OTC Firm Gets Derivatives Go Ahead from Regulator

UK OTC Firm Gets Derivatives Go Ahead from Regulator, CFDs

The UK watchdog, Financial Conduct Authority (FCA) has granted permission for London based firm B2C2 OTC Ltd to deal in cryptocurrency CFDs. “Contracts for Difference” (CFDs) are designed for traders to predict crypto price fluctuations allowing them to profit from rising or fallings markets. The FCA’s acceptance of the B2C2 OTC Ltd application is seen as unexpected given the stance of …


Humanitarian Support Grows With More Charities Accepting Crypto Other Than Bitcoin

Humanitarian Support Grows With More Charities Accepting Crypto Other Than Bitcoin

It’s generally a little-known fact to those outside of the virtual currency arena that Bitcoin is not all about making large profits, but that the hallmark cryptocurrency, along with many others, is frequently used to forward humanitarian ideals through a wide range of charities around the globe. BitcoinNews has followed many of these charities over the past year. Whether it be …


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