Month: April 2019

30 Apr, 2019

Coinbase Custody Now Supports Mainnet KIN Tokens

Coinbase Custody announced immediate support for the mainnet iteration of the KIN token today, April 30, 2019.   As Cointelegraph previously reported, KIN is a cryptocurrency created by Canadian organization Kik Interactive of Kik Messenger fame. The token was originally developed on the Ethereum and Stellar networks and now operates on its own blockchain (a […]
30 Apr, 2019

ConsenSys Spinoff Truffle Integrates With Goldmans Sachs-Supported Blockchain: Report

Truffle is integrating with AxCore, a proprietary blockchain jointly created by Goldman Sachs and JPMorgan-supported Axoni, Forbes reported on April 29. The ConsenSys spinoff, which makes tools that are widely used by Ethereum developers, has reportedly raised $3 million as it aims to expand into enterprise-grade solutions. According to the Forbes report, Truffle plans to […]
30 Apr, 2019

Amazon Web Services Launches Managed Blockchain Service

Amazon Web Services (AWS), the cloud computing platform subsidiary of retail giant Amazon, has made its Amazon Managed Blockchain (AMB) generally available, according to an announcement on April 30. The product will purportedly allow customers to set up blockchain networks within their organizations, and uses the Ethereum and Hyperledger open source frameworks. Notably, Amazon states […]
30 Apr, 2019

Op-ed: Here’s What Twitter Should Do with the @Bitcoin Account

Over Easter weekend, there was a debate raging on Bitcoin Twitter over the use of the @Bitcoin account. Over the past year or two, the account has been used by its owner (or whoever is currently controlling the account) to promote the Bitcoin Cash altcoin, which has infuriated Bitcoin users. Many Bitcoin users are upset […]
30 Apr, 2019

Facebook Veterans Launch NFT Powered Social App Following US$1.5M Seed Funding

Illustration via Editional Vault.io, Inc., a New York-based startup headed by former Facebook veterans, has announced the launch of Editional, an Ethereum-based social platform that allows users to create, claim, and trade unique collectibles online. The startup has secured US$1.5 million in seed funding from notable investors, including ConsenSys Ventures, Digital Currency Group, and CoinFund, […]
30 Apr, 2019

Two Charged With Running ‘Shadow Banking’ Service for Crypto Exchanges

The U.S. Department of Justice announced Tuesday that it has hit two individuals with bank fraud charges in connection to a system for depositing funds to cryptocurrency exchanges. In a statement, U.S. Attorney’s Office for the Southern District of New York alleged that Reginald Fowler of Arizona and Ravid Yosef, said to live in Tel Aviv, […]
30 Apr, 2019

Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents

The USDT stablecoin is only about 74 percent backed by fiat equivalents as of April 30, says its issuer’s general counsel. Tether, the company behind USDT, holds about $2.1 billion in cash and short-term securities, wrote its general counsel Stuart Hoegner in an affidavit Tuesday. Hoegner is also general counsel to Bitfinex, a crypto exchange […]
30 Apr, 2019

U.S. Citizens Can Now Accept Their Federal or State Tax Refund in Bitcoin

Federal tax season just passed in the United States, but if you’re one to leave responsibility to the wayside and had to apply for an extension, that might just pay off. It’ll give you the opportunity to become one of the inaugural users of a new joint-endeavor by crypto payment processor BitPay and tax services […]
30 Apr, 2019

Prediction: 20 Percent of Leading Global Grocers to Use Blockchain by 2025

20 percent of the top 10 global grocers will use blockchain by 2025, according to information released by research firm Gartner Inc on April 30. Per Gartner, the main advantage of blockchain for grocers is that it provides a high degree of transparency. For grocers, this means they can use blockchain as a way to […]
30 Apr, 2019

New York District Attorney Charges Two for Shadow Banking Crypto Companies

The Southern District of New York Attorney has charged an Arizona man and Israeli woman for allegedly shadow banking cryptocurrency companies, according to an official announcement published on April 30. Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced the arrest of Reginald Fowler for allegedly operating an unlicensed […]