Kraken preparing for $100M funding round ahead of possible IPO: Report

Blockstream Chief Strategy Officer (CSO) Samson Mow says Bitcoin (BTC) is bad for payments but the Lightning Network solves this.Mow — who is also a co-founder of formerly top cryptocurrency exchange BTCC — made his remarks in an interview for SFOX blog on Aug. 15.Lightning changes the whole equationMow conceded that he doesn’t yet have…

The Austrian Post has released a line of crypto collectible stamps, according to a press release on June 11.According to the press release, the so-dubbed “crypto stamp” is the first stamp in the world to be authenticated via blockchain technology. The postal service has reportedly issued 150,000 copies sold at € 6.90 apiece.When purchased, the…

Cryptocurrency liquidity has long been a thorny issue for enthusiasts and evangelists. Although they eagerly promote the ecosystem and tout blockchain’s benefits, the elephant in the room that most enthusiasts willingly ignore is the challenging liquidity conditions that impact cryptocurrency markets’ orderly flow.The enormous volatility witnessed across the cryptosphere has been a staple of the industry…

Major South Korean cryptocurrency exchange — run by a subsidiary of Korean tech giant Kakao — has notified users of the theft of 342,000 Ether (ETH) from its hot wallet.The incident was confirmed in an official statement written by Lee Seok-woo, the CEO of Upbit’s operator, Dunamu, on Nov. 27.Upbit will use corporate funds to…

Justice Joel M. Cohen of the New York Supreme Court (NYSC) has ruled to extend the preliminary injunction in the ongoing case of crypto exchange Bitfinex and Tether’s parent company, iFinex, against the New York Attorney General (NYAG), on July 29.Cohen reportedly decided to give a 90 day extension to the case, which apparently means…

One of Canada’s top crypto exchanges, Coinsquare, is reportedly laying off almost 30 percent of its staff, including its chief financial officer (CFO) and chief operating officer (COO). The news was reported by Canadian startup and technology news platform BetaKit on Jan. 31.Coinsquare did not return Cointelegraph’s request for comment or confirmation by press time.Citing…