Category: Exchanges

“I would love to sit down with President Trump and have a discussion around bitcoin and cryptocurrency,” Lisa Song Sutton, an entrepreneur and bitcoin ATM investor in Las Vegas, told CoinDesk. Sutton might have a better shot than most at having such a conversation. She’s running for Congress in the Fourth Congressional District of Nevada, one of nine people currently competing in the June 9 Republican primary to see who will face off against the incumbent, Rep. Steven Horsford, a Democrat, in the general election in November. Were she to…

Kik technical advisor Tanner Philp must be deposed by the Securities and Exchange Commission (SEC) related to the company’s 2017 kin token sale, elongating the discovery process in the messaging app’s battle with federal regulators. The agreement was made Wednesday before District Judge Alvin K. Hellerstein in the U.S District Court for the Southern District of New York. Overseeing the latest motion for discovery in this $100 million ICO standoff, Judge Hellerstein initially ruled that Kik CEO Ted Livingston should appear for a deposition, but attorneys for both sides appeared…

Libra has lost another Association member, but according to @nlw that’s likely low on its worries list, plus Square’s LN efforts & TON’s SEC support. News broke yesterday the Libra Association had seen its eighth high-profile defection, this time from the telecom giant Vodafone. In today’s episode of The Breakdown, @nlw argues Association membership is far less of a factor in Libra’s success than key regulatory questions around domiciling, the value peg and the U.S.’s fear of a Chinese digital currency. Also in this episode, Square Crypto announced its plans…

Grayscale Investments has committed to financially supporting development of the ethereum classic (ETC) cryptocurrency for another two years. Announced Wednesday, the asset manager will continue to donate one-third of the management fees from its Grayscale Ethereum Classic Trust to the ETC Cooperative each quarter through 2021.  “It is a big vote of confidence which we deeply appreciate. This funding allows us to continue our support of the ETC protocol and ecosystem,” ETC Cooperative executive director Bob Summerwill said by private message. “We will provide grants for key projects, as we…

Join CoinDesk Podcast Editor Adam B. Levine and Senior Markets Reporter Brad Keoun for a daily, time saving rundown of top news impacting crypto markets today. Source

Bitcoin’s lightning torch is back, and it’s zipped through at least 38 countries already. The torch is a digital game first ignited in January 2019 by pseudonymous bitcoin enthusiast Hodlonaut, known for his Twitter avatar of a cat in a spacesuit. Each “torchbearer” sends a tiny amount of bitcoin to the next. A key rule is to add a little bit more money to the payment each time it moves to someone new. The goal is to highlight the speed and global nature of the lightning network, a payment technology…

Payments provider Square has won a U.S. patent for a new network that enables seamless crypto-to-fiat transactions. Granted Tuesday by the U.S. Patent and Trademark Office, the patent details a payments system allowing users holding different asset types to transact with one another in real-time. “The present technology permits a first party to pay in any currency, while permitting the second party to be paid in any currency,” reads Square’s application. The network itself can automatically exchange the sender’s payment into the asset specified by the receiver. This new system…

A key on-chain metric has witnessed growth over the past 12 months, possibly indicating steady accumulation of bitcoins by retail traders.  As of Jan. 14, there were 784,000 addresses holding one or more bitcoins, up nearly 11 percent from 707,000 seen a year ago, according to blockchain intelligence firm Glassnode. The number has more than doubled since early 2015.  Number of Addresses with One or More Bitcoins Compared to BTC Prices Source: Glassnodes “The steady rise is the result of accumulation by retail buyers,” according to Connor Abendschein, crypto research…

DAVOS — When the world’s leading bankers and policymakers gathered this week at the 50th Annual Meeting of the World Economic Forum in Davos, Switzerland, their interest in blockchain technology was resoundingly clear. “The number one use case of blockchain technology promoted by the government is data sharing,” Zhang Jiachen, CEO of the startup Guangzhishu Technology, said on the sidelines of the WEF. Jiachen said her firm works with several Chinese government agencies.  Representatives from some nations are watching the People’s Bank of China (PBoC) central bank digital currency (CBDC) experiment…

Sports live-streaming provider SportsCastr is launching its own cryptocurrency to reward viewers and encourage interactions. The company – which is backed by the NFL Players Association – announced Wednesday that it has teamed up with the FanWide platform for the effort. The new FanChain (FANZ) token will be made available on FanWide, which helps people locate local game watch parties, and given out to people checking in to listed events. SportsCastr says the tokens can be earned at the “thousands of sports bars” on FanWide’s U.S. network and will be…