Ethereum Classic Jumps 15% Ahead of Today’s Coinbase Launch

Bitcoin (BTC) miners are moving into new business areas, including offering high performance computing (HPC) services to the fast growing artificial intelligence (AI) market, to reduce their dependence on crypto, JPMorgan (JPM) said in a research report Wednesday,The cost of the new investments has been funded in part by miners selling coins in recent quarters,…

markets The price of bitcoin (BTC) hit a 13-month high above $9,300 on Sunday. The leading cryptocurrency by market capitalization rose to $9,381 at  05:55 UTC – the highest price since May 10, 2018, according to CoinDesk’s Bitcoin Price Index. BTC was last seen trading at $9,250 representing 6.4 percent gains on the day. On…

In the 2000s, we stopped going into bank branches and started banking online. In 10 years time, do you think we will still be managing our finances this way?I predict today’s online financial tools will soon look archaic as we increasingly manage our finances via agents - intelligent bots that conduct financial operations on our

Cryptocurrency custodian BitGo has terminated its acquisition of rival custody specialist Prime Trust.BitGo made the decision after "considerable effort and work to find a path forward with Prime Trust," the firm tweeted on Thursday."This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets," BitGo added.Prime Trust…

Mar 13, 2020 at 18:29 UTCMakerDAO’s emergency shutdown option – which was weighed by community members following the appearance of a $4 million debt bubble on the decentralized finance (DeFi) platform – will not pass at this time. If a shutdown was triggered by the Maker team, all dai stablecoins in circulation would convert to…

Jun 24, 2020 at 10:00 UTCUpdated Jun 24, 2020 at 10:04 UTCFrankfurt, Germany (Sean Pavone/Shutterstock)Institutional digital asset technology firm Metaco is partnering with the Frankfurt School Blockchain Center (FSBC) to find ways of bolstering its services using the think tank’s research. The Switzerland-based company announced Wednesday that it would be tapping research conducted by the…

news Developers have disclosed a security hole in various versions of bitcoin’s Lightning Network software that could cause users to lose money if not updated. The bug was first made public on Aug. 30 by bitcoin and Lighting developer Rusty Russel and confirmed Tuesday afternoon by Olaoluwa Osuntokun, CTO of startup Lightning Labs. It’s unclear how much bitcoin,…

Constance Wang, described as Sam Bankman-Fried’s “right hand” in his fundraising drive, has joined crypto fund Sino Global Capital as its head of gaming, according to a report from Bloomberg which was confirmed by the fund’s founder and CEO Matthew Graham.Wang joined FTX in 2019, and had previously worked as an analyst at Credit Suisse…