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Crypto news

Breaking news headlines about Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and blockchain technology.

Crypto news

Bitmain CEO Announces New 7nm Bitcoin Mining Chip

Bitmain CEO Announces New 7nm Bitcoin Mining Chip

03:57 pm 2018-09-21

One day after Bitfury unveiled a new 14-nanometer mining segment called Bitfury Clarke, Bitmain announced the new 7nm ASIC processor, which says it offers the best power supply and energy efficiency on older models. ASIC, a strong type of slide designed for specific types of accounts, was announced Friday by the CEO and co-founder of the Beijing-based company Cihan Wu at the World Summit on Digital Mining in Georgia. According to the company's blog, Wu said it is designed to dig digital currency, using the SHA256 algorithm - a set of bitcoin, and the "BM1391" chip will…

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Ripple

Ripple "XRP" achieved a 113 per cent increase in one week and outperformed Ethereum

03:00 pm 2018-09-21

The digital currency market still seems to have a lot of surprises, and in one of the major currencies, the Ripple "XRP" has climbed to the second position in terms of market value, surpassing Ethereum, which finished third on Friday. Ripple managed to get rid of Ethereum, and rise in its place, to be the second largest currency by market value, according to the data of the market site of the CoinmarketCap on Friday. According to CoinMarketCap, XRP currently has a total valuation of $ 23.3…

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​The US Stock Exchanges Committee begins its decision regarding the Bitcoin Fund

​The US Stock Exchanges Committee begins its decision regarding the Bitcoin Fund

11:50 am 2018-09-21

The US Securities and Exchange Commission (SEC) said on Thursday it had begun measures to decide whether or not to approve a proposed Bitcoin trading fund. The Securities and Exchange Commission has issued an order establishing procedures to determine whether or not to approve a proposed rule change submitted by Cboe BZX Exchange. If approved, Cboe will have the green light to list the previously filed Bitcoin ETF Of this year by the fund management company VanEck. As part of this process, the Securities and Exchange Commission wants more input from the public, and so far, according…

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​Venezuela enters Petro in the global trade movement next October

​Venezuela enters Petro in the global trade movement next October

11:38 am 2018-09-21

Venezuelan President Nicolas Maduro believes Venezuela's oil-based digital currency will help solve the country's chronic inflation and stabilize the economy. During his television appearance on Thursday, which dealt with economic issues, Maduro announced the adoption of the petro in international trade starting in October, the announcement comes despite the doubts expressed by economists and analysts that international markets will accept this digital currency, . He noted that "Petro will enter as a currency exchange and purchase and convertible to the world," according to a report from the state television channel. So far, it is not clear…

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​The Australian Financial Supervisory Authority warns against misleading offers of ICO

​The Australian Financial Supervisory Authority warns against misleading offers of ICO

08:57 pm 2018-09-20

The Australian Financial Supervisory Authority, the Australian Securities and Investment Commission (ASIC), issued a warning on initial misleading offers (ICOs) and encoded asset funds to individual investors. The document was published on Thursday, September 20th, on the official website of ASIC. According to the document, Australia's regulator has stopped five different ICOs projects, from raising capital since April 2018, because of lack of appropriate investor protection measures on part of the fundraisers in question. As the TRA points out, such offers must be restructured to meet existing legal standards. In September, ICO ordered permanent closure due…

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​Banks Russia is very interested in working with digital currencies

​Banks Russia is very interested in working with digital currencies

08:55 pm 2018-09-20

Several major banks in Russia have expressed a strong desire to work in the digital currency industry at a closed meeting on the Moscow bourse, sources told RBC news website on Wednesday. As an unknown source told RBC, the demand for digital currency in Russia is very high, but banks are unable to meet it, because there are no clearly defined regulations. For this reason, representatives of Russian banks present at the meeting spoke to regulators from Japan, Luxembourg and Singapore to adapt their experience to local realities. Moreover, the lobby group was formed to approach the…

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​Lawmakers in the United States are urging the IRS to update its digital currency legislation

​Lawmakers in the United States are urging the IRS to update its digital currency legislation

08:51 pm 2018-09-20

A group of US lawmakers called on the United States Department of Internal Revenue (IRS) to issue comprehensive guidance to taxpayers who earn profits from investments or digital currency transactions. In an open letter to acting tax commissioner David Couture, representatives Kevin Brady, Lynn Jenkins, David Schweeckert, Darren Laud and Brad Winstrop say the agency has "more than enough" time to set clear rules on how to use the profits associated with exchanges Digital currencies are subject to tax. Instead of issuing such guidance, the IRS instead focused on the implementation procedures on the initial rules issued…

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Upbit operator opens a digital currency exchange in Singapore next month

Upbit operator opens a digital currency exchange in Singapore next month

12:01 pm 2018-09-19

Dunamu Corporation, a subsidiary of Kakao, the operator of South Korean digital currency exchange company Upbit, plans to open a Singapore-based stock exchange next month, local Yonhap news agency reported Wednesday (September 19th). According to Yonhap, Dunamu already established its branch in Singapore in February, as part of its active pursuit of expansion in the Asian market. While the deadline for the launch of the Singapore Stock Exchange has not yet been finalized, the company explained to Yonhap, that the service will start from early October. Kim Cook-hyun, head of Singapore's Upbit branch, said: "As Singapore supports…

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​The New York attorney general refers to 3 digital currency exchanges for the Financial Services Department

​The New York attorney general refers to 3 digital currency exchanges for the Financial Services Department

11:44 am 2018-09-19

New York State Attorney Barbara Underwood has transferred three recognized digital  currency exchanges to the State Financial Services Department (NYDFS) for possible breach of New York's default currency regulations. The currency exchanges referred to are: Binance, Gate.io, and Kraken. This was revealed in the Virtual Markets Safety Initiative report issued early Wednesday from the New York State Attorney's Office (OAG). The report explains the concerns initially raised by the Office of the Inspector-General on the operation of digital Currency exchange platforms, particularly with regard to security, internal controls, market monitoring protocols and other consumer protection and related…

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​CEO of ShapeShift: Bitcoin bearish price is important to build the market

​CEO of ShapeShift: Bitcoin bearish price is important to build the market

11:30 am 2018-09-19

ShapeShift's CEO, Eric Verheis, said that the current Bitcoin market is very important for building market fundamentals and infrastructure. Over the past eight years, Bitcoin has recorded five major corrections, with the last drop of 67 per cent this year, the smallest correction in terms of the shortfall since 2010. Last year, throughout the month of November and December, the digital currency market witnessed unprecedented levels of speculation and interest, with national television networks and mainstream media continuing to fuss over the emerging asset category. In some areas, such as South Korea, Bitcoin exceeded…

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