Bitcoin’s Price Snaps Longest Monthly Losing Streak Since 2016
Bitcoin’s price rallied 21 percent over the course of July, snapping its first two-month losing streak since 2016.
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BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls
Oct 21, 2020 at 01:00 UTCBitMEX, which has been charged by the U.S. government and a regulator with facilitating unregistered trading, has accelerated its mandate for all customers to verify their identities by Nov. 5, three months earlier than its original deadline of early February.Stronger identity verification requirements is an industry trend, said Ben Radclyffe,…

Pieter Wuille Unveils Two Proposals for Upcoming Bitcoin Privacy Soft Fork
news Prolific bitcoin developer Pieter Wuille unveiled two Bitcoin Improvement Proposals (BIP) today that offer plans that could prove foundational to a possible upgrade to the cryptocurrency. The two proposals, announced on the bitcoin developer email list, describe Taproot, a code change designed to increase bitcoin’s privacy. Taproot is expected to be bundled together with…

US Banks May Seek to Partner With or Buy Crypto Custodians, OCC’s Brooks Says
Oct 31, 2020 at 17:54 UTCDecentralized finance is "the most interesting thing happening in crypto," says acting OCC head Brian Brooks. He wants to assess how new tools can be used to strengthen the banking system. (Credit: Coinbase)US Banks Could Seek to Partner With or Buy Crypto Custodians, OCC’s Brooks SaysU.S. banks are looking at…

SEC’s Gensler Rebuffs Crypto Complaints, Says Gave Ample Warning Heat Was Coming
U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler argued Thursday there’s nothing special about the assets or exchanges in the crypto sector, and their backers can’t hide behind claims that their tokens provide utility.“Some promoters of crypto asset securities contend that their token has a function beyondsimply being an investment vehicle,” Gensler said in…

DeFi Lender bZx Reclaims $8M Stolen in Sunday’s Attack
Sep 14, 2020 at 16:00 UTCUpdated Sep 14, 2020 at 16:26 UTCThe hacker was exposed sometime on Monday. (MichaelMaggs/Wikimedia Commons)DeFi Lender bZx Reclaims $8M Stolen in Sunday’s AttackDecentralized finance (DeFi) lending project bZx has been able to recover about $8 million in cryptocurrency from an attacker who stole the funds after exploiting a code bug…

Overstock CEO: Crypto Investments Are Ready for Prime Time
Jan 13, 2020 at 19:52 UTCOverstock CEO and Medici Ventures President Jonathan Johnson has been betting on crypto companies for most of the last decade. Now he believes these investments are finally ready to enter the real world.In an interview at the Digital Money Forum during CES 2020, Johnson talked about Medici's portfolio of companies…

Craig Wright’s Former Lawyers Say Emails Shared by Wife Are Fake as COPA Trial Heats Up
Craig Wright's former legal representatives at Ontier say emails purportedly showing their correspondence have been doctored as the fourth week of a U.K. trial probing his claims of having invented bitcoin started Monday.The emails were shared by Wright's wife Ramona Watts with his U.K. counsel, who then disclosed it to the court.Before the emails were

Bitstamp Names Gemini Alum Julian Sawyer as New CEO
Oct 22, 2020 at 15:14 UTC(CryptoCompare)Danny NelsonBitstamp has hired former Gemini Managing Director for Europe Julian Sawyer as its new chief executive and moved founder Nejc Kodrič into a “non-executive role.”Sawyer will oversee the company's continued expansion of digital asset services and growth, Bitstamp said Thursday.He has previously worked at Gemini, Starling Bank and Bluerock…