May 2019 | Page 11 of 113 | Last Cryptocurrency News Feed

BitGo Co-Founder and Facebook Alum Joins Blockchain Capital

news Ben Davenport has joined the team at Blockchain Capital as a venture partner, CoinDesk has learned. Davenport has deep roots in technology and cryptocurrency. He founded Beluga, which was acquired by Facebook in 2011 and became Facebook Messenger. Then he joined BitGo, an early bitcoin startup providing security solutions, as a co-founder in 2014.…

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Korean Government Plans Action Over Risks of Resurgent Crypto Market

news With the price of bitcoin surging to a yearly high Monday, the South Korean government has held an emergency meeting over the risk of losses for investors, CoinDesk Korea reports. Noh Hyeong-ouk, minister for the Office for Government Policy Coordination, announced the inter-agency meeting in a government statement earlier on Tuesday, saying participants included…

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Another Crypto Billionaire Signs Gates, Buffet-Founded ‘Giving Pledge’

news Ben Delo, billionaire co-founder of crypto derivatives exchange BitMEX, has pledged to donate the majority of his wealth to global challenges. As the vehicle for his philanthropy, Delo, who is just 35, has joined “The Giving Pledge,” a charitable initiative for the super-rich founded by Bill and Melinda Gates and Warren Buffet. The focus…

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Bitcoin Price Raises Bull Flag in Preparation for Possible Move Higher

markets View Bitcoin has formed a bull flag pattern on the hourly chart in the last 24 hours. A break above $8,890 would confirm a bull flag breakout and create room for a rally to $9,940 (target as per the measured move method). On the way higher, BTC may face resistance at the key Fibonacci…

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South Korea’s Shinhan Bank Turns to Blockchain to Speed Up Loan Issuance

news Shinhan, one of the oldest and largest banks in South Korea, is using blockchain technology to speed up the approval process for loan products. Specifically, the bank will use a blockchain platform to verify the items of proof required for credit lending, such as qualification or certification documents, Yonhap reported Monday. Until now, customers…

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ECB Official Says Wholesale Central Bank Digital Currency a ‘Viable Option’

news A European Central Bank (ECB) official has come out generally in favor of wholesale central bank digital currencies (CBDCs). Vitas Vasiliauskas, a member of the Governing Council of the ECB and chairman of the board of the Bank of Lithuania, made the comments in a speech at a recent conference in the U.S., the…

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JPMorgan Adds Privacy Features to Ethereum-Based Quorum Blockchain

feature JPMorgan Chase’s blockchain team has developed a privacy feature for ethereum-based blockchains, obscuring not only how much money is being sent but who is sending it. Revealed exclusively to CoinDesk, JPMorgan has built an extension to the Zether protocol, a fully decentralized, cryptographic protocol for confidential payments, compatible with ethereum and other smart contract platforms and…

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South Korea’s Bitcoin Trading Volumes on LocalBitcoins Reach New Record Levels

Bitcoin (BTC) trading volumes in South Korea have recently reached new levels on peer-to-peer (P2P) exchange LocalBitcoins, according to charts on BTC statistics service Coin Dance.According to the data, bitcoin weekly trading volumes have surged over the past two weeks, with the latest week recording a new high of around 219 million South-Korean won ($185,000).South…

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Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges

Facebook’s payment-focused cryptocurrency Globalcoin will face demographic challenges, according to recent research by cryptocurrency analysis firm Diar published on May 28.Facebook’s native cryptocurrency — which will purportedly seek to disrupt or bypass banking networks in order to remove financial barriers and lessen consumer costs — will reportedly launch in 2020.In its recent report, Diar suggests…

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Russian State Tests Blockchain-Based Application for Public Administration

The Russian state of Nizhny Novgorod is testing the use of the blockchain-based application “City N” for public administration tasks, according to a report by ForkLog on May 28.State residents will reportedly be able to file their taxes on the blockchain-based Vostok platform using the City N application. Other services of the application include the…