According to the latest court documents in the ongoing QuadrigaCX case, the exchange sent roughly $470,000 CAD (approximately $355, 000 USD) worth of bitcoin from a hot wallet to a cold-storage wallet on February 6, 2019. Ernst & Young’s first report as monitor of scrutinized Canadian bitcoin exchange QuadrigaCX (QCX) complicates the story the exchange…
Even in a bear market, Morgan Creek Digital has no problem swimming upstream. The crypto asset management firm just bagged a $40 million dollar investment and what appears to be the first blockchain/crypto investment by a major pension fund. Two pension plans from Fairfax County, Virginia, the $1.43 billion Police Officer’s Retirement System and the…
The UnionBank of the Philippines, one of the leading financial institutions in the country, has launched a two-way bitcoin automated teller machine (ATM), according to a story in local media outlet Philstar. This is the country’s second crypto ATM that provides users with the ability to sell and purchase digital assets like bitcoin for pesos,…
Switzerland is an international bitcoin and blockchain mecca, known for its crypto culture and concentration of crypto businesses. Now, it is the new home to 21 Lectures, a school for bitcoin developers founded by Lucas Betschart. The school is registered in Zug but courses are taught in the capital, Zurich. 21 Lectures (named for the…
Announced at the end of January, Bitfury’s production-ready suite of Lightning Network products and services, Peach, appears to offer everything a developer, user or merchant could want from a Lightning implementation. It comes with built-in, e-commerce plug-ins, has a hardware component for point-of-sale, a toolkit for developers and its own Lightning node to ground the…
Shortly after the London Open, the entire crypto market saw a strong round of buying. Some coins broke their highest volume seen since the beginning of the bear market, and several others broke straight through overhanging resistance levels. Bitcoin, too, enjoyed a nice rally, rising almost 11% in just a few short hours: Figure 1:…
“Investing in stocks can be a daunting, complex and decidedly exclusionary activity,” says Bill Barhydt, Abra’s CEO. To that end, his company’s mobile cryptocurrency wallet app has announced a new feature which will allow investors to purchase traditional stocks using bitcoin. The new feature is built into the existing Abra app that enables users to…
Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation. The collaboration is backed by the government of Paraguay, whose goal is to make the South American country a cryptocurrency mining hub. The new center, which is a part…
I had the opportunity to participate on a legal panel with David Silver at the Unconfiscatable: Bitcoin Not Blockchain Conference put on by Tone Vays in Las Vegas. It was quite an honor to be part of it; the conference was hands down the best Bitcoin event I’ve attended since Jason King hosted Coins in…
On February 4, 2019, blockchain tech company Blockstream announced the development of a “proof of reserves” tool to standardize the authenticity of exchanges’ crypto reserves. The Bitcoin development company has submitted a Bitcoin Improvement Proposal (BIP) to the bitcoin-dev mailing list for consideration. Blockstream stated that it is “open-sourcing the development of the tool for…