GMO’s Cryptocurrency Business Made $2.3 Million Profit in Q2

Aug 10, 2020 at 10:37 UTCUpdated Aug 10, 2020 at 10:40 UTCAustralia's national rugby team (Andrew Tallon/Wikimedia Commons)A member of the Australian cabinet has said a new government-backed initiative, which uses blockchain, can help grow the national economy and create new jobs. This comes as Australia's National Rugby League (NRL) announced Monday it was piloting…

feature The ethereum movement, headed by flagship organizations like the Ethereum Foundation and the Brooklyn-based conglomerate ConsenSys, emerged from Blockchain Week 2019 with a common goal and a newfound sense of urgency. In short, building ethereum 2.0 — the blockchain network’s ambitious reinvention plan — will require maturity. “The only people left are those that…

Jul 24, 2020 at 15:49 UTCUpdated Jul 24, 2020 at 16:18 UTCThe Bund, Shanghai (Hanny Naibaho/Unsplash)Money Reimagined: China’s ‘Cold War’ Blockchain StrategyNews items this week: In the U.S., unidentified federal officers herded peaceful protesters into unmarked vehicles and the government prepared to deliver another $1 trillion in spending to politically connected entities.In China, the government…

Aug 11, 2020 at 18:11 UTCUpdated Aug 11, 2020 at 18:33 UTCCoinbase CEO Brian Armstrong (CoinDesk archives)Coinbase Exits Industry Lobbying Group in Protest Over Recent Unspecified ‘Decisions’Coinbase has withdrawn from industry lobbying group the Blockchain Association. The move comes a day after crypto exchange rival Binance.US joined the group. "Recent decisions made by the association…

Throughout a two-year prison term, the man repeatedly refused to give wallet access to German authorities.Feb 5, 2021 at 1:20 p.m. UTCHacker Refuses to Hand Police Password for Seized Wallet With $6.5M in BitcoinGerman authorities who seized a convicted hacker’s wallet containing over 1,700 bitcoin – worth at least $64.7 million at today’s prices –…

A proposal that, if enacted, would change how much new cryptocurrency is released on the world's second-largest blockchain was finalized Friday, with developers agreeing to include the code for such a change as part of ethereum's upcoming October upgrade, Constantinople. Speaking on a video call, a group of 14 developers agreed to support code that…

Latest findings from a survey by a tech policy think tank reiterate its suggestion that India should consider revising its taxes on crypto. The study also found that India's anti-money laundering rules were not sufficient to reverse the impact of the high taxes on the crypto industry. India should consider revising its taxes on crypto

Jun 16, 2020 at 10:11 UTCDigital asset storage and transaction firm Fireblocks will start tracking cryptocurrency transactions to help enterprise clients align with anti-money laundering (AML) best practices. Announced Monday, the Fidelity-backed company is integrating with a tracing tool from crypto forensics firm Chainalysis to ensure that crypto assets transferred to or form the platform…

Binance.US CEO Brian Shroder has left the crypto exchange and the company has eliminated one-third of its workforce, according to a spokesperson.It's been a tough year for crypto exchanges in the U.S., with Binance.US feeling particular pressure. The Securities and Exchange Commission sued the company in June for allegedly violating securities laws, which built on