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Fragments protocol, an effort at stabilizing the buying power of cryptocurrency, has rebranded itself to Ampleforth as of today, renaming the crypto project after the “1984” character whose job is to translate poetry into Newspeak. Ampleforth aims to preserve the unit of account and money properties of its tokens. Instead of pegging to a fixed
The post Crypto Firm Fragments Launches Stablecoin Following ‘Ampleforth’ Rebrand appeared first on CCN
After reporting on the story that Miami-based UnitedCorp had filed suit against Roger Ver, Jihan Wu, Bitmain, Bitcoin.com, and Kraken exchange, CCN had the opportunity to talk to Lawry Trevor-Deutsch, Vice President of Corporate Affairs, about the motivation for the lawsuit. The first thing that should be disclosed is that UnitedCorp says that it is not
The post Why a Little-Known Crypto Mining Firm is Suing Bitcoin Cash’s Biggest Backers appeared first on CCN
France has one of the toughest regulatory environments in Europe and the world generally when it comes to finance and specifically cryptocurrency. The country has in recent times taken a few cursory steps toward becoming a hub of ICO activity, but strict enforcement of crypto regulations is the cost of doing business in a well-connected
The post French Firm Becomes Europe’s First Regulated Crypto Asset Manager Funded by an ICO appeared first on CCN
The Securities and Exchange Commission (SEC) issued a cease-and-desist order against a crypto investment fund for distributing unregistered securities. The US securities regulator also slapped CoinAlpha Advisors LLC, a Delaware-based blockchain financial products company, with a $ 50,000 fine. According to the SEC order, CoinAlpha declined to register its business, which involved investing in and distribution
The post SEC Slaps Crypto Firm with $ 50,000 Fine for Selling Unregistered Securities appeared first on CCN
Mining firm United Investment has launched a lawsuit against Bitmain, bitcoin.com, and Bitcoin ABC devs for allegedly taking control of bitcoin cash.
CoinDesk
Digital Currency Group, an investment firm focused on the digital currency industry, has announced the creation of Metaverse Ventures, a new VC fund focused entirely on startups building in the Decentraland (MANA) blockchain VR ecosystem. We are thrilled to announce @Metaverse_VC, a @DCGco company fueling the development of @decentraland! If you are building products for the decentralized metaverse, […]
SludgeFeed
German investment firm Xolaris has launched a European private-equity fund focused on bitcoin mining. Xolaris expects to raise $ 34 million to $ 57 million for the four-year project, the company announced in a press release. “Professional investors kept asking us to create a regulated product in the area of cryptocurrencies,” said Stefan Klaile, the CEO of Xolaris.
The post German Firm Xolaris Launches Two Bitcoin Mining Investment Funds appeared first on CCN
According to local news outlet Joongnag Daily, a blockchain company based in Korea believes that it has found what it takes to revolutionize blockchain technology and bring even quicker pace to the way that transactions are being carried out. SymVerse, a blockchain firm that was established earlier this year, hosted an event and held a demonstration
The post Korean Firm Aims to Make Blockchain Faster appeared first on CCN
Envion AG, a crypto-based firm that aimed to combine cryptocurrency mining with green power, has been shut down by the cantonal court of Zug, Switzerland. The company was reportedly dissolved due to an alleged unauthorized Initial Coin Offering (ICO) on November 28, local German news outlet Handelsblatt reports. Envion was established to serve as an off-grid
The post Court Orders Swiss Crypto Mining Firm Envion to Shut Down appeared first on CCN
The Asia-Pacific Head of Trading at foreign exchange brokerage Oanda has predicted that bitcoin price will fall as low as $ 2,500, claiming the behavior of the asset over the past few months has not demonstrated to investors that a bottom is in. Speaking on Bloomberg Markets: Asia, Stephen Innes stated that despite the pronouncements of “soothsayers”, the … Continued
The post Asian Chief of FX Trading Firm Predicts Bitcoin Price Fall to $ 2500 appeared first on CCN
Galaxy Digital Holdings LP, the cryptocurrency merchant bank founded by prominent crypto investor Mike Novogratz, announced losses totaling $ 41 million for Q3 2018, bringing the total losses for the year so far to $ 136 million. Bloomberg reports that the Q3 loss was driven by net realised and unrealised losses on digital assets, chiefly caused by losing positions
The post Crypto Firm Galaxy Digital is Losing an Average of $ 15 Million every Month appeared first on CCN
The esports industry has been on fire lately, with the 12 highest-value teams now collectively worth around $ 1.7 billion. Add to this the fact that there have been 63 deals worth $ 2.34 billion conducted in 2018 alone, and it comes as no surprise that many established corporations, brands and advertisers are looking for ways to move into […]
SludgeFeed
As recently reported by Bloomberg, the head of policy at Coinbase, Michael Lempres is leaving the company for a position at a venture capital firm. He was promoted back in September when Brian Brooks took over his post as a chief legal and risk officer, a role that Lempres served as for over a year.
The post Head of Policy at Coinbase Leaves for a Venture Capital Firm appeared first on CCN
Circle has announced that it has contracted an independent accounting firm, Grant Thornton LLP, to verify through attestation reports the dollar reserves thaCirclece maintains to back the USDC token. Circle joins Paxos Standard in doing this on a monthly basis. According to the findings of Grant Thornton, Circle actually has about $ 4,000 more than it has
The post Independent Firm Verifies Crypto Giant Circle’s USDC Reserves appeared first on CCN
Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order.
The attestation was performed by Grant Thornton LLP, one of the largest accounting firms in the U.S. and is the first of what is to become a monthly occurrence for the stablecoin. In the report, which was conducted for the month of October and was signed on November 16, 2018, Grant Thornton found that Circle Internet Ltd. holds $ 127,412,240.89 in a custody account for USDC. This amount is enough (and then some) to cover the outstanding 127,408,827 USDC in circulation at the time of the attestation.
U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors.
CoinDesk
The post Dash launches SMS-based payment firm in Venezuela appeared first on CoinReport.
Israeli cryptocurrency mining company Bitfarms wants to become a public company in Canada. According to its press release, the mining company revealed that it had filed a preliminary prospectus with the Ontario Securities Commission, as it commences with the regulatory process for offering public shares on the Toronto Stock Exchange. Bitfarms, the crypto mining farm
The post Israeli Crypto Mining Firm Files for IPO in Canada appeared first on CCN
The issue of Islamic classification of cryptocurrency has been ongoing since the rise of bitcoin’s popularity, with debate over whether or not bitcoin and other cryptocurrencies are considered halal (permitted) or haram (forbidden). This is due to the stringent guidelines regarding monetary classification laid out in the Muslim faith, with conditions forbidding usury (the act of lending for
The post Halal: Islamic Scholars Certify Swiss Crypto Firm X8’s New Cryptocurrency appeared first on CCN
Major China-based bitcoin mining firm Bitmain has confirmed a report that its board of directors has undergone a shakeup but has sought to downplay that impact of these changes ahead of the company’s looming initial public offering (IPO). In an emailed statement, Nishant Sharma, Bitmain’s international marketing manager, confirmed to CCN that the company had
The post Bitcoin Mining Firm Bitmain Confirms Board Shakeup, Denies Jihan Wu is Out as Chair appeared first on CCN
