Litecoin (LTC) Foundation Has Problem Opening A Bank Account Says Charlie Lee

Litecoin founder, Charlie Lee, has disclosed that its foundation which oversees all affairs related to the cryptocoin was having trouble getting a bank account, resulting in the firm buying a stake in a Germany-based WEG Bank. Charlie made this disclosure today in an interview with Cheddar, a New York City-based platform covering the latest in business and tech… Read More »

The End of Banks With Blockchain Supported Wallet: Ethereum co-creator

Following the creation of the blockchain hub for decentralized projects – Decentral, Anthony Di Iorio – co-founder of Ethereum, discussed how digital wallets that are blockchain supported could be the end for banks as you can be your own bank. The CEO of Decentral continued – for MarketWatch “In the digital-currency space a wallet is used to manage and… Read More »

Dan Larimer Releases Plan For EOS RAM Supply

Following reports of skyrocketing RAM prices on the EOS blockchain, Dan Larimer, EOS creator, has announced a three-step solution. He also mentioned that Block.one is building a free wallet for iPhones. Last week, news broke that the price of RAM on the EOS blockchain had drastically risen. After peaking on July 8, the price has been drifting downward… Read More »

Crypto Exchange Cobinhood Launch Fiat Trading with US Dollar

Crypto exchange Cobinhood has announced today it is supporting fiat trading starting with the U.S. dollar from July 20. The exchange, known for its zero-fee trading, is endorsed by U.S. football player Richard Sherman.Cobinhood to Start Fiat TradingCobinhood has begun a move into crypto to fiat trading, following regulatory approval. Trading pairs will start operating against the U.S.… Read More »

Bancor Aftermath: Charlie Lee Sees Lightning Network As ‘Ultimate’ Exchange

Self-proclaimed ‘decentralized’ exchange platform Bancor has resumed operations after a $12 million hack, officials confirmed Wednesday. Bancor Resumes Trading After ‘Scam’ Accusations Bancor — which initially lost its own BNT, Ether (ETH) and Pundi X tokens in the attack — faced a broader industry backlash as the sudden theft sparked criticism its decentralization claims were fraudulent. In an… Read More »

Lawmakers to Discuss If Crypto Is ‘The Future of Money’ Next Week

Cryptocurrencies will take center stage once again on Capitol Hill next week. The U.S. House of Representatives Financial Services Committee announced Thursday that it would host a hearing titled “The Future of Money: Digital Currency” on Wednesday, July 18. Though the Committee, headed by Chairman Jeb Hensarling, has yet to announce a full list of participating witnesses, CoinDesk… Read More »

American Express is Eyeing Blockchain for a Proof-of-Payments System

Advertisement Credit card giant American Express has filed a patent application for blockchain-based proof-of-payment technology. American Express isn’t an institution unfamiliar with blockchain. Throughout the past few months, we’ve seen the financial services company support the blockchain very publicly. Just recently, the company deployed Hyperledger’s blockchain technology to upgrade its Membership Rewards program, becoming the first major U.S.… Read More »

Bitcoin Fraud Got Real for the US Govt., New Task Force Might Boost Investor Confidence

Bitcoin and the entire cryptocurrency market has become the center of attraction as Trump’s new task force that will be led by Department of Justice (DoJ) will be targeting the digital currencies in order to protect the interest of consumers. Bitcoin frauds come into Trump’s focus Given the recent bitcoin frauds and thefts in the cryptocurrency space, the… Read More »

[UPDATED] Tether Appoints Former BMO Manager As Chief Compliance Officer

The newly hired Leonardo Real previously worked for BMO Financial Group. But what happened to Tether’s former CCO? UPDATED | July 13, 2018: On Friday morning, Kasper Rasmussen, head of marketing and communications for Bitfinex, reached out to ETHNews to explain what happened to Tether’s previous chief compliance officer. “Matt Tremblay is still working at Tether although no… Read More »