New Zealand Gov’t-Backed Institute Issues Grant to Crypto Wallet and Trading Service

New Zealand’s state-backed innovation institute Callaghan Innovation awarded a $330,000 grant to a local crypto wallet and trading service, according to a press release published Tuesday, Oct. 30. Callaghan Innovation issued an “R&D Project Grant” to local crypto wallet and trading platform Vimba, a rebranded version of former MyCryptoSaver. Following the grant, the crypto startup is reportedly set to expand …

Leading VC Investor: Dismissing Crypto is Like Dismissing Internet in 1993

Leading VC Investor: Dismissing Crypto is Like Dismissing Internet in 1993 Benedict Evans, a general partner at Andreessen Horowitz (A16Z), one of the most successful venture capital firms in the world, has said that crypto is quite similar to the internet in 1993. As with any other emerging technology or market, the cryptocurrency space has seen a large number of …

Crypto Wallet Maker Ledger to Expand Support for Stablecoins, Including Tether

Ledger, the hardware cryptocurrency wallet maker, plans to add support soon for more stablecoins, including expanding tether (USDT)’s usability across all its products and services, executives said. Currently, the company supports tether for its two handheld storage products, the Ledger Nano and Ledger Blue, but it intends to add the U.S. dollar-linked cryptocurrency to its institutional vault service. Despite USDT’s …

Goldman Sachs is Signing up Clients for its Bitcoin Trading Product

Goldman Sachs is Signing up Customers for its Bitcoin Trading Product: Report Investment banking giant Goldman Sachs has quietly begun signing up a limited number of customers for its yet-to-launch bitcoin trading product. Citing a source familiar with the matter, The Block reports that the 149-year-old Bulge Bracket bank has onboarded a “small number of clients” to actively trade the …

Coinbase Raises $300 Million, Reaching $8 Billion Valuation

News The San Francisco-based cryptocurrency exchange and brokerage service Coinbase announced on Tuesday that it had raised $300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up to $8 billion. Coinbase Raises More Funds in Order to Expand Global Efforts Coinbase has raised more …

Skirting the Great Wall: The Chequered Saga of Crypto in China, 2013-2017

Take a quick look at CnLedger, a Twitter-based Chinese crypto news information source, and a tweet pinned at the top of its profile might come as something of a surprise: Next time people tell you bitcoin is banned in China, show him this pic. pic.twitter.com/MC3Q2yzBcx — cnLedger (@cnLedger) February 8, 2018 On Sept. 30 2018, China’s oldest tech journal, the …

Crypto Markets Keep Seeing Minor Fluctuations, Price Changes Mostly Around One Percent

Sunday, Oct. 28: crypto markets have seen some minor fluctuations, with most of the top 20 coins by market cap seeing price changes within 1 percent over the past 24 hours, according to CoinMarketCap. The total market capitalization has remained hovering below $210 billion over the day. Market visualization from Coin360 Bitcoin (BTC) is slightly up 1.7 percent and trading …

Bitcoin’s White Paper Was a Model T for Payments

  In 1991, my patent for a multi-level distributed computer network was granted. I was working on graphics rendering problems requiring significant amounts of CPU power and wanted to distribute computing-intensive tasks to a network of devices. The goal was to have a number of computers performing simple tasks to contribute to a single result. Creating this system, though, was …

Ukraine: Economic Development and Trade Ministry Launches State Policy to Legalize Crypto

The Economic Development and Trade Ministry of Ukraine has initiated a “state policy” for the classification and legalization of crypto-related activities, Ukrainian state information and news agency Ukrinform reported Oct. 26. The Ministry has reportedly issued an official press release stating that its purpose is to “create understandable conditions for conducting activities in the field of virtual assets and virtual …

Bitcoin Shows New Resilience as Markets Shake off Futures Settlement

Bitcoin futures may have expired, but even that failed to produce volatility in cryptocurrency as markets remained flat Saturday, Oct. 27. Market visualization from Coin360 Data from CoinMarketCap and Coin360 confirm that the end of the trading week – and with it the payment date for CME Group’s Bitcoin futures – had essentially no effect on either Bitcoin (BTC) or …