Barclays Bank, one of the largest banking institutions in the world, will no longer be providing banking services to Coinbase UK. CoinDesk first reported the details of the split, adding that the exchange has signed up with a replacement banking partner known as ClearBank. Coinbase started banking with Barclays in 2018, in a deal which…
A grassroots crowdfunding campaign, dubbed IranRescueBit, is raising bitcoin to bring aid to Iranians impacted by a series of devastating floods, an attempt to bring relief to the country as U.S. sanctions have hindered international aid efforts. Beginning in March and extending into April of 2019, Iran suffered multiple bouts of catastrophic flooding. Three waves…
Coinmine, Inc., the creator of the Coinmine One cryptocurrency mining device, has raised $2.5 million in a funding round led by Los Angeles-based M13 Ventures with participation from Republic Labs, Gumi Crypto, Canaan Beta and early Uber investor Shervin Pishevar, the company’s CEO and co-founder, Farbood Nivi, told Bitcoin Magazine. The new funding round brings…
Sure, bitcoin is a store of value and a hedge against global debt and inflation. But what is it actually like for a merchant to transact with it day to day — to pay taxes, to cover exchange rates and properly manage multiple wallets? Today’s guest is Denet Lewis, owner of Beans N Barbells, who…
Bitcoin payment service and Lightning technology company OpenNode has entered into a partnership with the Blockchain Education Network (BEN) in an effort to encourage Lightning Network education and adoption. “OpenNode has plans to curate a curriculum that will empower any student interested in building on the Bitcoin blockchain with the Lightning Network,” OpenNode CEO Afnan…
Following an August 5, 2019, report on North Korea’s cryptocurrency exchange hacks, the United Nations (UN) has decided to probe 35 cyber-attack cases linked to Pyongyang across 17 countries. South Korea: The First Victim According to the Associated Press, North Korean agents have gotten better at attacking their closest neighbor, South Korea. Of all of…
The Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS) has released a draft version of an industry code of practice targeted at cryptocurrency participants operating in Singapore, including exchange operators, payment and remittance services firms, cryptocurrency custodians and blockchain network infrastructure service providers. The code of practice aims to set out standards of good practice…
Back in 2016, Bitcoin development became a model for the entire open-source community with the integration of Gitian building — a “computer within a computer” framework that let developers verify binary computer files in a more transparent way. But with the recent merging of Guix, which supports deterministic and bootstrappable Bitcoin Core builds, work on…
Cryptocurrency exchange Poloniex is moving forward with compensation for lenders who lost funds in a May 2019 “flash crash.” The crash of digital token CLAM, which fell by almost 80 percent within an hour, triggered the failure of safety measures in Poloniex’s automated liquidation system and wiped 1,800 BTC (about $13 million at the time)…
It’s a sign of the times that Alex Tapscott, co-author of Blockchain Revolution and co-founder of the Blockchain Research Institute (BRI), best known for his expertise on blockchain technology, has switched his focus from blockchain technology at large to cryptocurrencies, particularly bitcoin. Tapscott is co-authoring a new report from BRI to be published in fall…