U.S.-based cryptocurrency exchange Coinbase is reportedly losing another senior executive. According to a Bloomberg report Wednesday, its chief policy officer, Mike Lempres, is leaving the firm to take on a new role at venture capital firm Andreessen Horowitz. “As chief legal…
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Norway Ends Power Tax Subsidy for Bitcoin Miners
The Norwegian government has scrapped a power subsidy currently granted to bitcoin miners. According to a report from local news outlet Aftenposten, in its state budget, the government said that cryptocurrency miners in the country will have to pay normal electricity…
Amended Suit Against Coinbase Details Bitcoin Cash Insider Trading Claims
A new amended class action complaint has been filed against Coinbase, providing more detail on how insiders allegedly profited from the cryptocurrency exchange’s rollout of bitcoin cash last December. The document, filed Nov. 20 with the U.S. District Court for…
Bitcoin Cash SV’s ‘Blockchain Reorg’ Likely an Accidental Split, Not an Attack
Bitcoin Cash “Satoshi’s Vision” – otherwise called Bitcoin SV – suffered a block reorganization Monday by which transactions on two different blocks were overwritten. Though it is possible these two blocks may have been maliciously overwritten by outside attackers, the most…
A Historically Strong Month for Crypto, November Is Off to a Brutal Start
The price of bitcoin, the world’s largest cryptocurrency, now starts with the number four after falling to fresh 2018 lows on Monday. Indeed, its price fell below $5,000 for the first time since October of 2017 and its current price…
Huobi Exchange’s Plans for Russia Go Well Beyond Crypto Trading
Huobi, the third-largest crypto exchange by trading volumes, is seeking to fill a void in Russia’s cryptocurrency community. This month, the exchange opened an office in Moscow, the first major crypto trading platform to have a physical presence in the…
Stablecoin Purchases Surged Amid Wednesday’s Crypto Market Drop
The crypto market took a turn for the worse on Wednesday when it lost nearly $30 billion in total market capitalization – but not every asset struggled to find buyers. In fact, certain stablecoins like USD-C, TUSD and DAI each witnessed…
After Friday’s SEC Actions, Experts Say ICO Party ‘Is Truly Over’
The U.S. Securities and Exchange Commission (SEC) has compelled two crypto startups to register their token sales as securities offerings. It’s the first time the SEC has pursued such an action without additional charges of fraud. In a pair of…
What We Know About Bitcoin Cash’s Two Blockchains
At 18:02 UTC, the bitcoin cash blockchain officially split in two. With one iteration of the bitcoin cash protocol called Bitcoin “Satoshi’s Vision” or Bitcoin SV directly opposing the upgrades introduced through another implementation called Bitcoin ABC, the blockchain forked…
The Crypto Market Just Fell to a New 2018 Low
Bitcoin sank to its lowest price in over a year on Wednesday, with the prices of other major cryptocurrencies falling alongside it. As of press time, bitcoin is trading at $5,525.92 – a more than 12 percent decline on the day…