Binance is set to unveil a fiat currency exchange that will be based in Singapore. This was revealed by CEO Changpeng Zhao over the weekend while speaking at the Cumberland Summit, a blockchain event in Singapore. Zhao further revealed that the new exchange is currently under an invitation-only beta testing phase. After making the announcement […]

At the heart of ethereum lies a virtual computer. Stored across tens of thousands of nodes that make up the platform, the ethereum virtual machine, or EVM, is responsible for executing the countless tokens, dapps, DAOs and digital kittens of which the blockchain is comprised of. It’s an engine on top of which the entirety of […]

Just days after French soccer giant Paris Saint-Germain football club (PSG) announced its own cryptocurrency, complete with an initial coin offering (ICO), Brazil’s Avaí Football Club has come up with a similar plan. Announced Wednesday, Avaí FC has partnered with blockchain-based sports investment ecosystem SportyCo and football investment platform Blackbridge Sports to raise funds worldwide through the ICO, aiming to raise […]

A top executive at one of the oldest and largest cryptocurrency payment processors said that he firmly expects bitcoin to rebound within the next year but that altcoin prices may never again see their early-2018 peaks. Sonny Singh, chief commercial officer at BitPay, said during an interview with Bloomberg that his firm has “never been more bullish” on […]

The Financial Industry Regulatory Authority (FINRA) has issued its first cryptocurrency-related disciplinary action, charging Timothy Tilton Ayre, a broker in Agawam, MA., with securities fraud and the unlawful distribution of HempCoin, which the agency claims is an unregistered cryptocurrency security. FINFRA, a not-for-profit organization overseen by the SEC to author rules and enforce compliance of federal securities laws, has accused […]

Selloff is now deeper than the early 2000s rout in tech stocks  Ether leads losses on Wednesday, extending a brutal September The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse […]

A U.S. District Judge in Brooklyn has delivered a landmark judgement with far-reaching implications for the initial coin offering (ICO) market. Judge Raymond Dearie of the U.S. District Court Eastern District of New York today ruled that U.S. securities laws cover ICO token sales. The ruling came in a case against a fraudulent ICO promoter […]

French soccer giant Paris Saint-Germain football club (PSG) will launch its own cryptocurrency with a token offering  that aims to incentivize its supporters over a blockchain. The development sees a new partnership between top French Ligue 1 club, Paris Saint Germain (PSG) and blockchain company Socios.com which is based in Malta. The partnership is based […]

A highly touted investment instrument that sought to appeal to U.S. public markets investors looking for cryptocurrency exposure has just seen a setback. Announced on Sunday, the U.S. Securities and Exchange Commission (SEC) has issued an order seeking to suspend the trading of the Bitcoin Tracker One and Ether Tracker One exchange-traded notes, issued by […]

Bitcoin and other digital currencies have continued to tumble in value, amid concerns that Wall Street institutions are shunning cryptocurrencies. It follows media reports, originally in Business Insider, that Goldman Sachs is shelving plans to set up a cryptocurrency trading desk. Mainstream lenders have largely kept their distance from digital currencies. A Goldman spokesman said […]