Next month’s ETHDenver conference will have the support of the Colorado state government. The major ethereum gathering is set to take place in the Mile High City on Valentine’s Day weekend and will now feature an appearance by Colorado Gov. Jared Polis on Feb. 15. The crypto-friendly former U.S. Congressman will participate in a fireside chat along with other undisclosed state officials. According to ETHDenver organizer John Paller, it’s the event’s first official partnership with state government. “This is the first time we’ve had the Governor’s office and total body…
Month: January 2020
The National Bank of Cambodia (NBC) to Launch Blockchain-Based, Central Bank Digital Currency (CBDC)
The National Bank of Cambodia (NBC) is to launch a Blockchain-based, peer-to-peer payment and money transfer platform in the next few months, according to the NBC Director-General Chea Serey yesterday. Also known as a Central Bank Digital Currency (CBDC) or some might even coin it a national cryptocurrency. “We are very proud to be one of the first central banks using a blockchain-based application for payment system. Speaking of women, women play a key role in social and economic development; therefore, at the National Bank of Cambodia, we are promoting…
Silvergate Bank Adds 48 Crypto Clients in Q4 Even as Deposits Slip 4%
Silvergate Bank, one of the few U.S. banks openly serving crypto-related businesses, added more crypto clients in the fourth quarter of 2019 but saw deposits and fee income from those clients drop. The La Jolla, Calif.-based bank, which went public on the New York Stock Exchange under the trading symbol SI in November, released its earnings report before the market open on Wednesday. The report lists a 4 percent decrease in deposits from the crypto industry despite the addition of 48 crypto clients. The commercial bank’s overall deposits decreased by…
Binance US CEO Catherine Coley Explains Why Crypto Exchanges Are Rushing Into Staking
The competition around staking is heating up, and the latest entrant is Binance US, which will begin offering staking rewards on two assets with plans to roll out more in the future, according to CEO Catherine Coley. On this episode of The Breakdown, Coley talks with NLW about: Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in…
Bitcoin in Pre-Halving Rally, Could Hit $13,000 before May: Analyst
Those who are looking to exit their bitcoin positions may want to wait for four more months to extract better profits, according to a prominent crypto analysis company. Trading signals provider TradingShot.com said in a note that bitcoin could be worth $13,000 in or before May 2020. It cited the cryptocurrency’s historical price behavior ahead of its halving – a pre-programmed supply cut event that is taking place in the same month – as the core reason behind the potential price rally. Bitcoin 1W Chart TradingShot noted that bitcoin is…
Binance US Now Offers Staking Rewards for These Two Cryptocurrencies
Binance US has joined other major exchanges in the staking game, adding staking rewards for cryptocurrencies algorand (ALGO) and cosmos (ATOM). Announced Wednesday, the exchange said returns will be given on a monthly basis. ALGO and ATOM are the only proof-of-stake (PoS) cryptocurrencies currently available on Binance US, a California-based licensee of one of the world’s largest cryptocurrency exchanges. Binance US now joins Kraken and Coinbase in offering staking rewards on PoS coins, though the latter two exchanges only offer staking on Tezos (XTZ). Binance US currently offers 28 cryptocurrencies…
French Pro Soccer Team Paris Saint-Germain Launches Fan Token
The fan token of top-tier soccer team Paris Saint-Germain (PSG) is now available for sale on the blockchain platform Socios, the team announced in a tweet on Jan. 28. As one of the first uses of the $PSG Fan Token, holders will vote on an inspirational message to be printed on the armband of the captain — Thiago Silva — when the team takes the pitch. According to a tandem announcement from Socios, the PSG fan token offering, or FTO, is now open on its website. Socios also offered an…
UK Financial Service Provider to Coinbase, Bitstamp Awarded FCA Payments License
A company that provides financial services for cryptocurrency companies like Coinbase, Bitstamp and Galaxy Digital has been awarded a payments license by the U.K.’s Financial Conduct Authority (FCA). London-based BCB Group announced the news Wednesday, saying its subsidiary, BCB Payments Ltd., is now the “first and only crypto-focused” company to have be registered as an Authorised Payment Institution in the U.K. With British banks reluctant to engage with crypto firms, BCB is one of few options available. The firm said it takes a “dedicated focus on B2B payment services including…
Crypto Payments on Darknet Markets Doubled for First Time Since 2015
The volume of cryptocurrency flows coming on darknet markets have doubled for the first time in four years, a new study says. In part of its 2020 Crypto Crime Report published on Jan. 28, Chainalysis — a New York-based blockchain analytics firm — found that darknet markets have significantly increased their share of total incoming crypto transactions in 2019, doubling from 0.04% in 2018 to 0.08%. Crypto on darknets is resilient to scrutiny by law enforcement According to the study, total market sales in crypto grew 70% in 2019 to…
Roger Ver Withdraws Support for Proposed Bitcoin Cash Miner Tax
Bitcoin Cash (BCH) proponent and former Bitcoin (BTC) evangelist, Roger Ver has withdrawn support for a proposed Bitcoin Cash miner tax following backlash from several BCH miners and investors. Bitcoin Cash Miner Tax Won’t Work Without Consensus In a blog post published by Bitcoin.com on Tuesday (January 28, 2019), Ver declared that the proposed miner tax required greater consensus within the BCH community. An excerpt from the post reads: “As it stands now, Bitcoin.com will not go through with supporting any plan unless there is more agreement in the ecosystem…