Bitcoin must reach a 'higher high' to confirm uptrend after dip below $58K
If Bitcoin is to maintain its longer-term uptrend, it must avoid breaking down below $56,000, according to a crypto analyst.
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Major Russian bank explores crypto investment amid strong demand
One way or another, Russians get exposure to crypto even if they go abroad, Tinkoff Investments’ head said. 1331 Total views 31 Total shares Tinkoff Investments, the online brokerage of major Russian private bank Tinkoff, is researching cryptocurrency investment services despite the Bank of Russia withholding the bank from launching such tools.Tinkoff Investments head Dmitry…
R/GA Ventures Partners With Local Blockchain Firms to Create Blockchain Venture
R/GA Ventures, the investment arm of international marketing company R/GA, is opening a blockchain investment studio in Oregon, the company announced in a press release published on April 24.The studio, dubbed Oregon Enterprise Blockchain Venture Studio (OEBVS), will be launched in partnership with several local companies participating in the blockchain industry. Namely, the release cites…
TRON Launches Accelerator Program for DApp Developers
Decentralized Internet project TRON (TRX) is launching a $1 million accelerator program to support developers building DApps and products on the TRON protocol, according to a press release shared with Cointelegraph Nov. 16.The initiative aims to facilitate consumer adoption of blockchain technology through TRON’s ecosystem following the recent acquisition of peer-to-peer file sharing service BitTorrent,…
Congressman McHenry announces joint hearings to address market structure around digital assets
Patrick McHenry, the Chairman of the House Financial Services Committee, has announced a series of joint hearings in May that will focus on addressing the market structure around digital assets in the U.S.The move was revealed via a joint announcement on April 27 from Congressman McHenry, Glenn Thompson, Chairman of the House Agriculture Committee, French…
US SEC Approves and Says 8th Grader’s ‘Quarters’ Tokens Aren’t a Security
The United States Securities and Exchange Commission (SEC) has cleared a crypto gaming company to issue blockchain tokens without registration, deeming the tokens to not be securities.Pocketful of Quarters (PoQ) was co-founded by George B. Weiksner, an eighth-grader who is listed as the current CEO. Weiksner apparently is a regular speaker about cryptocurrencies and games…
Will PwC’s New Software Solve the Cryptocurrency Auditing Problem?
Earlier this week, Big Four firm PwC announced the release of a cryptocurrency auditing software solution.According to the multinational professional services network, its Halo auditing suite has now been updated to accommodate “entities engaging in cryptocurrency transactions.” The new tool reportedly allows PwC to establish crypto asset ownership and gather information about transactions and balances…
COVID-19 Ransomware Plagues Canadian Android Users
CryCyptor ransomware poses as a government-backed COVID-19 Android tracing app to deploy its attack. 1581 Total views 18 Total shares A new ransomware called CryCryptor is targeting Canadian Android users. It is distributed via multiple websites that pose as portals for a government-backed COVID-19 tracing app.According to research published by ESET on June 24, CryCryptor…
Does the Ethereum Merge offer a new destination for institutional investors?
Last week’s Merge was the “most significant development in the history of the Ethereum network,” according to Fidelity Digital. And from a purely technical standpoint, the blockchain network’s transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism was a marvel. Widely compared to changing a jet engine mid-flight, the software upgrade proceeded with nary…