CoinDeal Renews Wolverhampton Sponsorship

Crypto exchange CoinDeal has announced the renewal of its advertising agreement with the Wolverhampton Wanderers, a major English football team. The sponsorship means that CoinDeal will continue to sustain a brand presence within the mainstream sports world, a rarity for a bitcoin-focused company. CoinDeal, which operates a cryptocurrency exchange that has so far catered to…

Chinese Bitcoin Miners Want to Set Up Shop in Iran

This article was originally published by 8btc and written by Lylian Teng. Chinese cryptocurrency miners have made requests to the Iranian government through official channels to leverage the cryptocurrency mining operations in the country, reported Iran press PressTV. According to Mohammad Sharqi, managing director of the Iran Blockchain Association — a nonprofit community which promotes…

New Block Explorer Creates Sonorous, Galactic Experience of Bitcoin Blockchain

Charles Hoskinson’s new block explorer has made Bitcoin into a planet. Seriously. The latest project from Hoskinson’s engineering company, IOHK, dubbed Symphony 2.0, portrays Bitcoin’s mempool “as a gravitational swell,” with the entirety of the blockchain’s ledger wrapped around this core like the rings of Saturn. On these rings, blockgazers hover over a 3-D representation…

Canadian Government Releases Final AML Regulations for Crypto Businesses

Aware of growing public concern about money laundering and terrorist financing, the government of Canada introduced its final anti-money laundering (AML) regulations today, July 10, 2019. These rules will impact Canadian crypto businesses, including exchanges, digital platforms, custodial wallets, ICOs, utility and gaming tokens, escrow services and possibly bitcoin ATMs. The title of the new…

Coinbase Set to Launch Insurance Subsidiary With Aon

Major cryptocurrency exchange Coinbase is preparing to launch its own insurance company, according to a report from CoinDesk. The exchange is reportedly in advanced talks with insurance giant Aon to launch a captive insurance subsidiary, an insurance company solely owned by the firm being insured. Captives are maintained by firms to reduce insurance costs and…

Polish Crypto Exchange Shuts Down Abruptly

Poland-based cryptocurrency exchange BitMarket has closed shop without warning, leaving customers high and dry. In a closure message that was posted on its website, the operators blame loss of liquidity as the chief reason for the shutdown. It’s still unclear how much of BitMarket’s users’ funds are trapped in the firm’s wallets. In the notice…

Playing on Layer 2: Satoshi’s Games Brings Lightning to the Next Level

Though Bitcoin’s second layer is mostly appreciated for its speed and scalability, it also helps enable some interesting smart contract functions. In this regard, the intricate microtransaction features have inspired enthusiasts to work on Lightning applications (LApps) that disrupt everything from content monetization (with Y’alls and LNCast) to privacy-friendly text messaging (like LnSMS and Receive…