This week, prominent U.S.-based crypto exchange Gemini revealed it had become the first-ever cryptocurrency exchange and custodian to successfully complete a System and Organization Controls (SOC 2) for Service Organizations Type 1 examination. The SOC 2 examination was conducted by “Big Four” auditor Deloitte & Touche LLP, and helps cement Gemini’s reputation for pushing the…
Earlier this week, the crypto markets experienced a bloodbath that was the direct result of Bitcoin failing to hold above its support level that existed around $3,550. Bitcoin’s ensuing drop led most cryptocurrencies to plunge 10% or more, from which many of them have since recovered. Ripple (XRP) is currently leading the markets, but most…
Earlier this week, Bitcoin (BTC) failed to uphold its previously established support level around $3,550, which led to a sharp drop to $3,400. Although at the time of this drop many analysts expected BTC’s main region of support to exist around its 2018 lows at approximately $3,200, the cryptocurrency was able to find support at…
Early Bitcoin believers ventured into the digital currency industry because of its autonomy and anonymity. But the anti-establishment attitude cannot help the sector grow, according to Bittax. The Israel-based crypto tax specialist said that most people would not pay taxes off their crypto-based capital gains. However, if a majority of the crypto industry becomes a…
SWIFT, the global messaging system to settle cross border payments, today announced that it would integrate R3’s open source blockchain solution at a proof-of-concept stage. “Later today we are announcing integration with R3,” confirmed SWIFT’s CEO Gottfried Leibbrandt during the Paris Fintech Forum. He added that the trial would see the interaction of SWIFT’s payments standard…
Since Bitcoin (BTC) seemingly lost its value proposition as a form of digital cash, investors have searched high and low, doing their utmost best to determine what defines the world-renowned cryptocurrency. While the search hasn’t produced any definitive results or conclusions, a discussion has begun to mount regarding Bitcoin’s status as the second coming of gold,…
A major financial institution getting involved in cryptocurrencies is usually big news. With the prolonged US government shutdown hampering a number of long awaited crypto funds, large investment companies are seeking alternative ways to enter crypto markets. Fidelity Crypto Custody Coming According to Bloomberg Fidelity Investments is planning to launch its Bitcoin custody services in…
Crypto markets level out after two days of dumping, EOS, Tron, Cardano regaining, Stellar still sliding. The crypto market free fall that started on Monday has slowed up mid-week. That is not to say that further declines are not around the corner, in fact quite the opposite, another dump is expected on Friday. Total crypto…
The two most recognisable names from the Bitcoin Satoshi’s Vision (BTCSV) side of the Bitcoin Cash hard fork that occurred last November are adamant that the cryptocurrency agreed upon by the market as the original Bitcoin (BTC) chain is going to plummet in price. In fact, Craig S. Wright and Calvin Ayre are so bearish…
While 2017 was the year of crypto gains, 2018 was the year of crypto theft, according to new data. Crypto-related thefts increased roughly 260% from 2017 to 2018, largely fueled by a number of high-profile cryptocurrency exchange hacks. Blockchain analysis also shows that the hackers behind the crypto-stealing schemes and scams, are very careful, even…