Through this Bitcoin mining IPO, Canaan plans to raise $200 million from the public. This is the company’s second attempt for public filing.
Circle’s CEO Jeremy Allaire said that his company is doing everything to move its business outside the U.S. Without national policy framework about digital assets, he said that the U.S. will not be the leader anymore in this field.
Major Bitcoin wallet provider, Blockchain, has just announced the launch of its own exchange platform, The Pit. The new platform seeks to promote adoption by simplifying the trading process for all its users.
The hacker exploited a vulnerability in the firewall web application on the AWS servers and extracted crucial files from the Capital One directory.
The European division of crypto exchange, bitFlyer, has announced the launch of its bitFlyer Buy/Sell. The new platform offers a much simpler way for the European community to trade Bitcoin.
The Senate Banking Committee will hear arguments from Circle CEO and Co-founder, Jeremy Allaire on the digital currencies and the blockchain industry. Allaire hopes that a new regulatory framework will be adopted for the sector.
In a bid to provision digital currency traders with an ample means to manage all of their assets from a single wallet, an upgraded version of the number one stablecoin – Tether, would be launched on Blockstream’s Liquid Sidechain Network.
Multinational professional services firm and one of the ‘Big Four’ auditors, PwC, praises Singapore’s move to exempt cryptocurrencies and digital tokens from sales tax when used to pay for goods and services.
A number of new players in the industry are creating an alternative option by drafting specific rules and regulations for cryptocurrency. Malta, Bahrain, and Gibraltar have been among the first to do such, now Belarus and Singapore join the club.
Just recently, in a medium blog post, PundiX team has revealed that they have successfully integrated Samsung Blockchain Wallet into their payment app.
With increasing cases of cryptocurrency-related thefts, scams, and frauds, there’s an immediate demand for reliable storage solutions. The Austrian State Printing House has invented a cold wallet solution, Chainlock to secure and protect assets.
On 25th July, FinCEN, an agency within the US treasury department, levied a fine on both Vinnik and BTC-e to the amount of $88,596,314 and $12,000,000, plus interest as provided by law for the involvement in certain monetary related criminal activities.
As part of its efforts to ensure compliance, the IRS has commenced sending out letters to erring crypto users. More than 10,000 people will receive one of three letters, advising them to report earnings and pay required taxes.
Crypto analysts and experts expect a bright show for Bitcoin price in the future amidst the growing uncertainty in the global economy and several other factors.
Bill Miller’s Hedge Fund gained 46% with many attributing the success to the recent surges by Amazon and Bitcoin, as well as strategic investments in other high-performing stocks like Avon Products and ADT.