Coinbin's $26 Million Loss Results In Bankruptcy
Crypto Hack

Coinbin’s $26 million Loss Results in Bankruptcy

Coinbin, the crypto exchange based in South Korea, is filing for bankruptcy after enduring damages worth $26 million. The company also owns the hacked exchange Youbit. Crypto and Cash Transactions Come To A Halt Coinbin CEO, Park Chan-kyu made announcement about the bankruptcy on February 20, according to the reports …

IBM's VP of Blockchain Believes Bitcoin Will Hit $1 Million
Bitcoin News

IBM’s VP of Blockchain Believes Bitcoin Will Hit $1 Million

Jesse Lund, the vice president of IBM’s blockchain and cryptocurrencies operations, expects that Bitcoin’s (BTC) market value would eventually reach $1 million. Lund made his prediction during an interview with comparison and news platform Finder.com. The interview was uploaded on YouTube on February 20. Lund was asked about the status …

Bitgo Secures a $100M Insurance for Crypto Assets

The cryptocurrency service provider Bitgo, has recently secured a $100 million policy through Lloyd’s insurance services to cover crypto assets that are under company’s control, including those held in its business wallets and custody offerings. The policy covers problems such as insider theft by employees, loss of damage of private …

Crypto Exchanges More Trusted Tan Stock Exchanges
Crypto News

Crypto Exchanges More Trusted Than Stock Exchanges

In a recent study related to millennial investment attitudes, published by investment platform eToro, indicates that almost half of millennial traders have more trust in digital currency exchanges than in U.S stock exchange. According to the report, 43 percent of the surveyed millennial online traders show less trust in the …

Crypto Will Take Over in Next Fives Years: Tim Draper
Bitcoin News

Crypto Will Take Over in Next Five Years: Tim Draper

Billionaire investor and notable Bitcoin (BTC) bull Tim Draper asserted that in Five years, only criminal would use fiat as cryptocurrencies are universally accepted. Draper made his claims in an interview with American financial news tv channel Fox Business released on February 18. Only Criminal Will Prefer Fiat Money Reciting …

SHIFT Concludes Its Crypto Financial Services

The Shift Card, a Visa debit card based in the United States, that enables customers to use cryptocurrencies held on Coinbase in real-time, will be ceasing all its operations in April. Shift apprised its user about the decision and also explained that the company hopes for a relaunch in the …

Cryptocurrencies Unable to Replace Fiat Money: Chilean Central Bank
Crypto News

Cryptocurrencies Unable to Replace Fiat Money: Chilean Central Bank

The Central Bank of Chile (BCC) claims that cryptocurrencies are unable to substitute traditional money, according to a detailed report on crypto issued on February 7. The document, signed by the President of the central bank, Mario Marcel, was prepared upon request of the Tribunal de Defensa de la Libre …

Bitcoin's Lightning Network Will Soon Come to Square's Cash App
Crypto News

Bitcoin’s Lightning Network Will Soon Come to Square’s Cash App

A bitcoin scaling solution known as the lightning network is expected to soon integrate with Square’s Cash App for mobile payments. Jack Dorsey Claims Bitcoin’s Lightning Is Coming to Cash App Twitter and Square CEO, Jack Dorsey, who is an investor in the Bitcoin-oriented startup Lightning Labs, recently announced in …

Delay in Crypto Regulations May Create More Space for Technology
Crypto Regulation

Delay in Crypto Regulations May Create More Space for Technology

Last week a commissioner of the United States Securities and Exchange Commission (SEC) revealed that the delay in establishing crypto regulations might allow more freedom for the industry to move on its own. Heister Peirce, who is known as the “Crypto Mom” in the community for her disapproval for SEC’s decision …

Google Launches Crypto and Blockchain Analytical Tools
Crypto News

Google Launches Crypto and Blockchain Analytical Tools

Google recently launched crypto and blockchain analytical tools, which allow users to access in-depth data for the top cryptocurrencies. The search giant aims to revolutionize the search approach for blockchain the same it did for information on the internet. Six New Blockchain Datasets Included Google cloud has released blockchain transaction …