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Monthly Archives: July 2018

Binance Acquires Cryptocurrency Wallet Provider, Vows to Make More Deals

Mergers and acquisitions (M&A) are a common theme within the capital markets industry and as the cryptocurrency ecosystem matures, M&A announcements are expected to follow the same trend. The news today is that Binance, one of the world’s largest virtual currency operators, has acquired cryptocurrency wallet provider Trust Wallet in an effort to give control back to its customers. Binance ...

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Venmo Exposes User Transaction History, Shows Need for Usable Private Cryptocurrency

Venmo was found to leak user transaction history by default, highlighting the need for private and user-controlled payment solutions. Due in part to the social nature of the app’s design, payments platform Venmo was found to reveal entire transaction histories of users, including to those who were not Venmo users themselves. This setting was found to be enabled by default, ...

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Genesis Mining to Resume Services in the US After Fighting Cease and Desist

The past few months have been rather interesting for Genesis Mining. The popular cryptocurrency cloud mining provider was forced to halt all activities in South Carolina. That decision has now been reversed. As such, US customers will be able to access the company’s services once again in the coming weeks. A Victory for Genesis Mining Cryptocurrrency cloud mining providers have ...

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E-commerce Platform OmniBazaar Eliminates Middlemen and Banks by Adopting Blockchain Technology

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Bitcoin ...

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Huobi Lists Verge (XVG), Price Increases

In a sea of sellers, a light has been cast on Verge (XVG). Huobi lists Verge, as announced Tuesday, causing the altcoin to increase nearly 5%. Here’s what we know. Huobi Lists Verge: Deposits Now, Trading Tomorrow! On July 31st, Huobi announced the listing of XVG as a trading pair. According to the post, deposits are currently available, and trading will commence ...

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More Than a Ledger: How Blockchains Will Democratize Wealth

To Mark Pascall, co-founder of BlockchainLabs New Zealand (NZ) and president of the Blockchain Association NZ, the blockchain space is more than just a new technology layer, it’s a “fundamentally different way for organizations and societies to operate.” It represents a historical reversal of the movement toward an evermore centralized society. “The major problem is that without mass decentralization, we ...

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Nobel Prize Winning Economist Paul Krugman Expresses Skepticism About Crypto, Predicts Collapse

Nobel Prize winning economist Paul Krugman has expressed his skepticism about the value of cryptocurrencies in a New York Times Opinion piece published July 31. Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, explains his position as a “crypto skeptic” by noting the high transaction costs and an “absence of tethering” associated with cryptocurrencies. Krugman describes ...

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Cryptocurrency Exchange Binance Buys Ethereum Wallet in First-Ever Acquisition

Binance, one of the world’s two largest cryptocurrency exchanges, has just completed its first-ever acquisition. According to TechCrunch, the Malta-based exchange operator acquired Trust Wallet, creator of the eponymous mobile Ethereum wallet that includes support for ether, as well as ERC-20 and ERC-223 tokens. Terms of the deal have not been disclosed, but Binance confirmed that it included a mixture ...

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Former US President Bill Clinton to Give Keynote Speech at Ripple’s Fall Tech Conference

Ripple’s global payments tech conference, Swell, will start off this fall with a keynote speech from 42nd President of the United States Bill Clinton, according to Ripple’s July 31 blog post. Former President Clinton’s keynote and Q&A in San Francisco on Oct. 1 will be moderated by Gene Sperling, the National Economic Council Director and Advisory under both Presidents Clinton ...

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Bitcoin Price Watch: Currency Tanks to $7,790

After several days of bitcoin remaining above $8,000 and enthusiasts rejoicing about a possible new era for crypto, bitcoin has suddenly tanked by roughly $400 and is now trading for about $7,790. Current conditions suggest that bitcoin – despite showing signs of newfound strength – is still just as vulnerable as ever to volatility and outside elements. One of the ...

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