The company sold $52 million in Bitcoin in the last quarter of 2018, bringing annual totals to over $166 million. United States-based payment platform Square reported $166 million in annual Bitcoin (BTC) revenue for 2018, data from its annual earnings…
Category: Crypto Trends
Big Four Auditor PwC Publishes Crypto Insolvency Guide, Cautions Directors
PwC has published guidance for financially distressed or insolvent businesses in the crypto sector. Big Four audit and consultancy firm PwC Hong Kong has published guidance for financially distressed or insolvent businesses in the crypto sector. The document, released February…
Cryptopia Could Open by March 4 as Officials Hint at Sums Lost in Hack
The exchange has been closed for almost two months following a major hack that could have involved around 10 percent of its funds. Hacked New Zealand cryptocurrency exchange Cryptopia will reopen for business on Monday next week, officials confirmed on…
Swiss Blockchain Hackathon in June Includes Partnerships With PwC, Amazon Web Services
Switzerland will host the Swiss Blockchain Hackathon in June 2019, with the partnership of major firms like PwC. Switzerland will host the Swiss Blockchain Hackathon later this year in a bid to help companies find real-life applications of blockchain technology,…
Report: Blockchain Home Equity Loan Platform Raises $65 Million
Fintech startup Figure, which was founded by SoFi founder Mike Cagney, has reportedly raised $65 million from major venture capital funds. A blockchain-based home equity loan platform, Figure, has raised $65 million from various major financial and venture capital firms,…
European Regulatory Chair Supports New Digital Asset Regulations
The chairman of the European Securities and Markets Authority, Steven Maijoor, has supported new regulations for digital assets to help investors. The chairman of the European Securities and Markets Authority (ESMA) — the European Union-level financial markets supervisor — has…
Crypto Mining Service Coinhive to Shut Down Operations in March
In-browser mining service Coinhive will discontinue its operations in March 2019, due to economic problems. Cryptocurrency mining service Coinhive is shutting down, as the project has reportedly become economically inviable. The team behind Coinhive announced the news in a blog…
New York-Based Entrepreneur Charged With Fraudulent Cryptocurrency Scheme
New York citizen Randall Crater has been charged with the development of an allegedly fraudulent cryptocurrency “My Big Coins” and marketing it to investors. The United States Department of Justice (DoJ) has charged a New York-based operator of a purported…
Wall Street Journal CIO Network: Blockchain Adoption Is Still Early
According to participants of the annual meeting of The Wall Street Journal CIO Network, blockchain technology adoption is still in its early stages. Experts and industry players have said that the adoption of blockchain technology is still in its early…
Coinomi Wallet Addresses Vulnerability Concerns
Coinomi Wallet denied recent claims that its software sends wallet recovery seed phrases to Google’s remote spellchecker servers in unencrypted text. Coinomi Wallet denied recent claims that its software sends wallet recovery seed phrases to Google’s remote spell checker servers…