Cryptopia Exchange Hacked: ‘Significant’ Losses Reported

Cryptocurrency exchange Cryptopia has been hacked. The team confirmed the security breach, outlining that the losses are ‘significant.’ ‘Significant Losses’ New Zealand-based cryptocurrency exchange Cryptopia has suffered a security breach and is going through unscheduled maintenance. The announcement was just posted on the exchange’s official twitter page, outlining that the losses have been significant. We […]

Bulgarian Tax Authority to Inspect Crypto Exchanges and Traders

Taxes The National Revenue Agency of Bulgaria is preparing to conduct inspections on cryptocurrency trading platforms and their customers. The authority wants to make sure that both are fulfilling their obligations under the country’s tax and social security laws. Also read: Denmark’s Tax Agency to Collect Information About Bitcoin Traders Nine Crypto Companies Subjected to […]

Bakkt Expands Compliance Capabilities With Its First Acquisition

Fresh from completing its maiden funding round, Bakkt announced its first acquisition on Monday, Jan. 14, 2019. The daughter company of the Intercontinental Exchange (ICE) is also eyeing the possibility of expanding beyond the U.S. market. Bakkt Acquires RCG Back Office Bakkt announced the news of the acquisition via a Medium post by CEO, Kelly Loeffler. […]

Swiss Vontobel Bank to Offer Cryptocurrency Custody in Global ‘First’

Swiss private bank Vontobel is planning to offer custody services for cryptocurrencies in a move executives described as a worldwide “first.” Vontobel To Create ‘Digital Asset Vault’ In an interview with local finance magazine Finews.ch, Vontobel, which has offered cryptocurrency-related investment products since 2016, said it now wanted to increase its integration. “As far as I […]

Bitmain Puts Its Mega Mining Facility Project in Texas on Ice

Bitmain Technologies is shelving its plans to create a mega Bitcoin mining facility in Rockdale, Texas. The news comes as the Bitcoin mining behemoth continues to downsize both the scale of its operations as well as its staff numbers. $500 Million Bitcoin Mining Project on Hold According to Texas Public Radio (TPR), Bitmain his suspending its […]

Japan and Korea Officially Approve Their Biggest Crypto Exchanges

South Korea’s Internet & Security Agency (KISA) has granted an important certification to the country’s leading cryptocurrency exchange Bithumb. Meanwhile, in Japan, Coincheck, the country’s largest exchange, is now registered with the Financial Services Agency.  Bithumb Granted ISMS Certification Cryptocurrency exchange Bithumb has managed to obtain Information Security Management System certification from the country’s KISA. According […]

Bitcoin Price Drops Further As Circle CEO Says ‘Core’ Crypto Assets ‘Undervalued’

Circle CEO Jeremy Allaire has said he believes “core” cryptocurrency assets are undervalued as the Bitcoin price tumbles closer to $3500. Allaire: ‘Markets Are Oversold’ In a Reddit ‘Ask Me Anything’ session January 10, Allaire, whose company famously decoupled itself from Bitcoin in 2016, also forecast less correlated trading in altcoin markets. “My general perception […]

Atomic Swaps Are Coming to BTCPay This Year, Says Nicolas Dorier [Interview]

Bitcoinist caught up with Nicolas Dorier, a developer of open-source and self-hosted Bitcoin payment processor alternative, BTCPay, who spoke about upcoming features such as atomic swaps, and making BitPay obsolete for businesses that don’t care about handling bitcoin.  ‘Nothing is Unsolvable in the Long Run’ Bitcoinist: In August 2017, you posted one of the most […]

China Announces New Regulations for Blockchain Companies to ‘Promote Healthy Development’

Blockchain China is coming down hard on blockchain companies, even though the government appears to favor blockchain over cryptocurrency. The Cyberspace Administration of China (CAC) announced new regulations on Jan. 10 that will compel blockchain platforms to eliminate “undesirable” content while giving authorities access to private stored data and to check the identity of users. […]

Bitmain Replaces CEO Jihan Wu After Bitcoin Cash Gamble Fails

Inside sources say that Bitmain Technologies plans to name a replacement CEO to take over from co-founders Jihan Wu and Ketuan Zhan. New Bitmain CEO According to the South China Morning Post (SCMP), the Bitcoin mining behemoth is looking to name a new CEO to replace the company’s co-founders. Anonymous sources say, Haichao Wang, the current […]