Coinbase CEO Brian Armstrong says the exchange’s custody service received the $1 billion in the 12 months after its launch. During an on-stage discussion at Consensus, Brian Armstrong, CEO of major United States cryptocurrency exchange Coinbase, said that its custody service has already received $1 billion in crypto under management. …
Author: Ana Berman
The U.S. Department of Justice announced that a group of hackers might face over 100 years in prison after stealing $2.5 million. The United States Department of Justice released a fifteen-count indictment on May 9 that charges a hacking group labeled “The Community” with SIM swapping in order to steal …
MakerDAO leadership declares their DAI stable thanks to stability fee. DAI stablecoin, which is pegged to the United States dollar, is now in a relatively stable position, according to the president and COO of MakerDAO, Steven Becker, in an Q&A session on May 2. The transcript of the meeting, which …
The blockchain division of global social trading platform eToro launched a crypto exchange for pro traders. The blockchain division of global social trading platform eToro has launched a cryptocurrency exchange for pro traders, a press release shared with Cointelegraph on Tuesday, April 16, states. EToroX claims to be a secure …
Samsung SDS reportedly will work with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market. Samsung SDS has reportedly agreed to cooperate with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market, The Korea Times writes Sunday, April 14. SDS, …
The U.S. SEC reportedly encouraged some funds to change their ETF descriptions. The United States Securities and Exchange Commission (SEC) reportedly required two funds to eliminate the word “blockchain” from their monikers, Bloomberg writes April 12, citing sources familiar with the matter. The exchange-traded funds (ETFs) of both Amplify and …
The IMF and the World Bank have launched a private blockchain and a quasi-coin to learn more about the technology. The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reports on April 12. According to the …
Frank Xiong from software development company Oracle estimates that 50 to 60 percent of companies will use blockchain tech in the next few years. Blockchain technology could possibly be used by 50 percent of all companies within the next three years, the vice president of blockchain product development at software …
The new U.S. bill from Rep. Darren Soto offers to allocate $25 million to the FTC from 2020 to 2024 to prevent crypto crimes. The so-called Digital Taxonomy Act of 2019, which United States legislators introduced yesterday, April 9, offers to allocate the Federal Trade Commission (FTC) $25 million annually …
Major tax and finance executives stated that blockchain adoption is not a high priority in their companies, according to a poll by KPMG. Most tax and finance executives do not consider adopting blockchain technology, according to a recent survey conducted by Big Four auditing firm KPMG. The results of the …