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Bullish ETF Provider Liquidates Bitcoin Holdings, Citing Regulatory And Tax Issues

The ARK Innovation ETF (ARKK), one of the first exchange-traded funds to invest in bitcoin, has divested much of its bitcoin holdings, citing regulatory and tax concerns, according to CNBC. Last year, ARKK won ETF.com’s “ETF Of The Year” award for fulfilling its goal of providing access to disruptive technology. It won this award in The post Bullish ETF Provider Liquidates Bitcoi...
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A Giant Grows Larger: Coinbase Has Nearly as Many Customers as Fidelity Investments

As a not-so-typical startup in the Valley, Coinbase is exploding with customer growth. The exchange now manages over 20 million customer accounts, which is nearly as many as Fidelity Investments and twice as many as Charles Schwab, according to a report by the Washington Post. Also, in much the same manner that has spanned the The post A Giant Grows Larger: Coinbase Has Nearly as Many Customers as...
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UK Forex Operator LMAX to Launch Cryptocurrency Exchange for Banks and Hedge Funds

UK foreign exchange trading platform operator LMAX has announced that it will launch a cryptocurrency exchange tailored for banks, hedge funds, and other institutional investors. The London-based company made the announcement on Monday, explaining that the new platform — dubbed LMAX Digital — is the “first physical crypto currency exchange dedicated to serving only institutional The po...
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Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments

Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said during an interview with Business Insider’s Oscar Williams-Grut that he has been appointed as the CEO of a cryptocurrency startup called Crypterium. Everyday Payments During the interview, O’Brien, who served as the CEO of VISA UK for six years from 2008 The post Former Visa CEO Moves to Startup That Uses Cryptocurrency to Proc...
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Japanese Cryptocurrency Monacoin Hit by Selfish Mining Attack

Between May 13th and 15th, Monacoin, a cryptocurrency developed in Japan, appears to have suffered from a network attack that caused roughly $90,000 in damages. The attack appears to have been a selfish mining attack, where one miner successfully mines a block on the blockchain but does not broadcast the new block to other miners. The post Japanese Cryptocurrency Monacoin Hit by Selfish Mining Att...
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Venezuela’s Petro Saga Set to Continue as Maduro Is Re-Elected in Controversial Election

Venezuelan president Nicolás Maduro has been re-elected this Sunday, which means he’s staying in power for another six years. The electoral process was embroiled in controversy, as his mains rivals claim it was filled with irregularities. Maduro’s new term presumably means the country’s oil-backed cryptocurrency, the Petro, will keep on growing. According to Reuters, the The post Venezuela’s Petro...
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Drug Dealing and Shrimp Breeding: 4chan DApp Games Invade Ethereum Blockchain

4chan users have created DApps on the Ethereum blockchain accounting for tens of thousands of transactions in the last few days as users sell virtual cocaine and breed shrimp eggs to sell on the blockchain. The game Ether Cartel, listed as number one on the new category list on DappRadar, saw a volume of over 33 The post Drug Dealing and Shrimp Breeding: 4chan DApp Games Invade Ethereum Blockchain...
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Crypto-powered Brave Browser Hits 5 Million Downloads in Google Play Store

Cryptocurrency-powered web browser Brave has now been downloaded more than five million times from the Google Play mobile app store. The ad-blocking browser, which was co-founded by Mozilla Firefox creator Brendan Eich, reached this significant milestone last Thursday, just six months after crossing the one million download threshold. This rapid growth has come on the The post Crypto-powered Brave...
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Iran and Russia Consider Using Cryptocurrency to Evade US Sanctions: Report

Iran and Russia could turn to cryptocurrency as a solution to evade Western financial sanctions and reduce their dependence on the US dollar. Iran has been struck by a monetary crisis in recent months after its fiat currency, the rial, plunged to historic lows against the US dollar leading up to US president Trump formally The post Iran and Russia Consider Using Cryptocurrency to Evade US Sanction...
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‘Decent Probability’ Bitcoin Price Goes to Zero: Vanguard Economist

An economist at one of the world’s largest asset managers believes there is a “decent probability” that the bitcoin price will eventually crash to zero. Joe Davis, the chief economist for $5.1 trillion asset manager Vanguard, wrote in an ETF.com op-ed that although the firm is enthusiastic about blockchain technology in general, it does not The post ‘Decent Probability’ Bitcoin Price Goes to Zero:...
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