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Find the latest, and the most interesting, cryptocurrency news collected from around the net.
Coinbase Is Rebranding Its Crypto Exchange Service
Coinbase announced Wednesday that it is launching a new version of its GDAX platform called Coinbase Pro and acquiring crypto trading relay platform Paradex.
AmEx Upgrades Rewards Program with Hyperledger Blockchain
Financial services giant American Express is integrating blockchain into its rewards program in partnership with digital retailer Boxed.
Altcoin Verge Hacked For Second Time In Two Months, Around $1.4 Mln Stolen
Privacy-focused cryptocurrency Verge has been the victim of another hack, in which 35 mln XVG were stolen over a period of a few hours, The Next Web reported yesterday, May 22.Verge tweeted that their mining pools were under a DDOS attack on May 21, noting that they were working to resolve it.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, TRON: Price Analysis, May 23
If prices slide below $7,900 momentarily but recover and sustain above $8,000 levels, traders can buy about 50 percent of their usual position size and keep a close stop loss, preferably below the recent lows.
Deutsche Boerse: We Are 'Deep At Work' Examining Bitcoin Before 'Moving Forward'
German shares and securities marketplace organizer Deutsche Boerse said it is "Deep at work" examining cryptocurrency integration options, Bloomberg reports May 23.Speaking at an industry event, the company's head of clients, products and core markets Jeffrey Tessler told audience members that the company was busy "Understanding" the technology behind Bitcoin before "Moving forward" with it.
Thai Bank Pilots Cross-Border Transaction Using Blockchain
Thailand's Bank of Ayudhya PCL successfully conducted a cross-border transaction with a bank in Singapore using a blockchain, it announced Tuesday.
IBM to Hire Blockchain Researchers for French Expansion
Technology giant IBM is hiring nearly 2,000 people in France - and many of them will be focusing on blockchain technology, chief executive Virginia Rometty said Wednesday.
AI-Based Youtube Bitcoin Explainer Trained By Real BTC Guides Gets It All Wrong
An AI compilation published on Youtube Tuesday that used pre-existing Bitcoin explainers to come up with its own "Basic stage training" on Bitcoin has resulted in almost complete nonsense, Mashable reports May 22.Created by Botnik Studios, which describes itself on Twitter as a "Human-machine creative force," the Youtube video is a voice over of the texts generated by an AI that used "Predictive keyboard trained on dozens of Bitcoin explainers."
Major Japanese Fintech Company Reveals Plans to Launch Crypto Exchange This Year
Money Forward Inc., the operator of one of Japan's most popular personal budgeting apps, has announced its plans to launch a crypto asset exchange this year, in a company press release Wednesday, May 23.A new subsidiary, MF Financial Co., Ltd., that launched today will be devoted to the company's new crypto exchange project, and will be headed by a member of Money Forward's Blockchain and Virtual Currency Laboratory.
Reactions to the Alarming Frequency of ICO Scams
The initial coin offering paradigm shift may have contributed to 2017's massive bull run, catapulting cryptocurrency and blockchain technology into the mainstream zeitgeist, but the explosion in ICO popularity over the last year led to the establishment of a "Wild west" ecosystem in which fraudulent offerings run rampant.
Norway's Central Bank Mulls Digital Currency as Cash Use Declines
Norway's central bank is preparing for a future in which it might issue a digital currency amid a slump in cash usage in the country.
South Africa: Gang Kidnaps 13 Year Old Boy, Demands Ransom of 15 Bitcoins
The kidnappers of a 13-year-old boy in South Africa have demanded a ransom of 15 bitcoins - around $120,000 - for his release, The Guardian reported Tuesday, May 22.Local police stated that on Sunday, May 20, three gang members pulled up in a car near to where the teenager, Kathlego Marite, was playing with two friends close to his home in the town of Witbank.
Spanish Central Bank Governor Believes Crypto Brings More Risk Than Benefit
The governor of the Bank of Spain has come out in favor of the possibilities of blockchain, but against the risks of cryptocurrencies, local news outlet Europe Press Financial reports Wednesday, May 23.Luis MarĂa Linde referred to blockchain as a technology that "Offers interesting possibilities," but is yet "Not quite mature" in a speech at a meeting of leaders of the financial sector organized by Deloitte and two Spanish organizations.
UK Mosque Opens Crypto Donations in National First 'Bitcoin Ramadan'
A UK mosque has broken with opinion and opted to accept cryptocurrency donations for this year's Ramadan period, local media report this week.
Chinese Prosecutors Charge Final Suspects In $2.3 Bln OneCoin Investigation
The last four suspects in a two year case against alleged pyramid scheme OneCoin have been prosecuted in China's Hunan Province, government-supported local news source the Justice Network reports Wednesday, May 23.The Zhuzhou Country Procuratorate of the Hunan Province examined 106 people, publicly prosecuted 98, and recovered around 1.7 bln yuan from over 20 provinces across China in the course of the case.
Rural Banks Tap Kaleido Blockchain for Faster Transactions
Rural banks in the Philippines are looking to adopt blockchain technology in bid to improve financial inclusion for local residents.
Goldman Sachs-Backed Circle Invest App Launches New Feature for Market 'Newbies'
Goldman Sachs-funded Circle Internet Financial Ltd. has launched a new feature for its crypto investment app Circle Invest that makes it easier for "Newbies" to enter the market.
Experimental Voting Effort Aims to Break Ethereum Governance Gridlock
As the community debates the various pros and cons of such proposals, Buterin has begun working with economics researcher Dr. Glen Weyl to experiment with the idea of enabling a new kind of voting for the ethereum users.
Third Largest Crypto Exchange Launches Crypto Market Index Tracking 10 Top-Traded Assets
Crypto exchange Huobi Pro has launched a new market index for its platform, according to a company press release today, May 23rd. Huobi is currently the third largest crypto exchange in the world by trading volume, according to Coinmarketcap data.
India Considers New Tax on Cryptocurrency Trades
India is weighing up whether to impose goods and service tax on cryptocurrency trades, a report suggests.
Verge Victim to Yet Another 51% Attack, XVG Down 15% In Past 24 Hours
The privacy and security-focused coin Verge has been subject to yet another 51% attack, seeing a price of XVG drop 15% over the past 24 hours.
India Considers Taxing Cryptocurrency at 18% as 'Intangible Property': Reports
India is working on proposals to make cryptocurrency transactions subject to goods and services tax, sources told Bloomberg May 23.
Crypto Markets Tumble: Losses As High As 10%, Bitcoin Price Dips Below $8k
Crypto markets are seeing significant losses across the board, with all top ten coins by market cap in the red, as Coin360 data shows.
China Prosecutes 98 Over Alleged $2 Billion OneCoin Pyramid Scheme
Prosecutors in China have charged a final four suspects of almost 100 that were said to be involved in an alleged $2 billion cryptocurrency pyramid scheme.
Former Obama Aide Targeted by Anti-Bitcoin Political Ad for Accepting Crypto Donations
Democratic congressional candidate Brian Forde has been targeted by anti-crypto political advertising for accepting Bitcoin donations to his campaign, VICE reported Tuesday, May 22.
Price Watch: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin are Deep in the Red
At press time, most major cryptocurrencies are deep in the red, with entitles like Ethereum and Ripple experiencing anywhere between five and twelve percent drops over the last 24 hours.
Bitcoin Closing on Long-Term Bear Indicator Not Seen Since 2014
Following bitcoin's recent losses, a key long-term trend indicator is looking increasingly bearish.
Small Banks Looking to Capitalize on Cryptocurrency Customers
Despite rising to prominence in recent years, cryptocurrency still carries a stigma that big banks just can't seem to shake.
Singapore Proposes Regulatory Boost for Decentralized Exchanges
The Monetary Authority of Singapore, the city-state's de facto central bank, is proposing changes to existing regulations that would ease market entry for blockchain-based and decentralized exchanges.
United Nations Office for Project Services Announces Collaboration with IOTA
In a joint venture to bring "Transparency and efficiency" to the work of the United Nations, IOTA has signed a Memorandum of Understanding with the United Nations Office for Project Services.