Coinbase Earned 43% of Its Annual Revenue in December

Coinbase Earned 43% of Its Annual Revenue in December

Word of mouth sent cryptocurrency investment to an all-time high at the end of last year, and Coinbase capitalized on it big time. As one of the easier sites on which to start buying crypto, it should come as no surprise that Coinbase was the platform of choice for thousands of new investors. Coinbase experienced a surge of investors like never before last winter, taking in 43% of its annual revenue in December alone.
Cryptocurrency Exchange’s $170 Million Nano Coin Loss Sparks Outrage

Cryptocurrency Exchange’s $170 Million Nano Coin Loss Sparks Outrage

On Friday, February 9, 2018, Italian cryptocurrency exchange BitGrail announced that “internal checks revealed unauthorized transactions which led to a 17 million Nano [XRB] shortfall, an amount forming part of the wallet managed by BitGrail.

Japanese Exchange bitFlyer Approved to Operate in Illinois

Japan's largest Bitcoin and blockchain company, bitFlyer, has now received an official license to operate in the state of Illinois. After receiving a “BitLicense” to operate as a virtual currency exchange in New York in November 2017, the Tokyo-based company has now received approval to operate in 44 states and territories.

Warning Signs? A Timeline of Tether and Bitfinex Events

Concerns are growing as to whether tether (USDT), the stable token pegged to the dollar, is backed by actual U.S. dollars. And recent scrutiny by U.

Twitter Account of Prolific Bitfinex and Tether Critic Suspended

The Twitter account of “Bitfinex’ed,” the pseudonymous online critic of the world’s largest Bitcoin and cryptocurrency exchange, was suspended today. The blogger says his tweets were being reported and his account was being spammed with hundreds of thousands of fake followers, and he thinks Bitfinex is behind it.

Following Massive Cryptocurrency Hack, Coincheck Pledges to Improve Operations, Refund Losses

Following one of the largest hacks in the history of cryptocurrency, Japanese cryptocurrency exchange Coincheck has announced that it will comply with an order from Japan’s Financial Services Agency to improve its business operations.

Hong Kong–Based Investment Firm Acquires Pioneering Bitcoin Exchange BTCC

BTCC is exiting the Chinese market to focus on making digital currencies accessible to everyone globally. This acquisition by a Hong Kong–based blockchain investment fund is a milestone for BTCC and will allow BTCC to focus on global digital currency adoption.

South Korea Allows Cryptocurrency Trading for Real-Name Registered Accounts

Six Korean banks will begin allowing the simultaneous opening of accounts, deposits and withdrawals, as well as transfers of funds between these accounts and exchanges, beginning on January 30, 2018, but with some new restrictions.
Kidnapped Exchange Analyst Pavel Lerner Freed After Paying Bitcoin Ransom

Kidnapped Exchange Analyst Pavel Lerner Freed After Paying Bitcoin Ransom

Pavel Lerner has been freed from captivity following his kidnapping this week. The EXMO analyst is physically unharmed and no longer being held hostage, according to a company press release. Free at Last On December 26, Pavel Lerner, 40, was wrapping up work at his office in Kiev, Ukraine, where he works as the lead analyst of UK-based cryptocurrency exchange EXMO. Upon leaving work, Lerner was jumped by a group of men wearing balaclavas (ski masks, for our American readers).

After Second Hack This Year, South Korean Exchange Youbit Closes Down

South Korean exchange Youbit announced on its website today that it is closing down after a hack early Tuesday, December 19, 2017, that resulted in the loss of 17 percent of its assets. The exchange, previously known as Yapizon, did not indicate how many bitcoins or other cryptocurrencies were stolen or what the total fiat value of the attack amounted to, but it was enough to lead to bankruptcy.
Analyst: How Bitcoin Price Could Reach $60,000 in the Mid-Term

Analyst: How Bitcoin Price Could Reach $60,000 in the Mid-Term

Tai Lopez, a prominent investor and analyst, has stated that if the world’s millionaires allocate merely 1 percent of their holdings into bitcoin, the bitcoin price could reach $60,000 in the mid-term.
Bitcoin Price Gear Towards $19,000, Surges by $1,000 in a Single Day

Bitcoin Price Gear Towards $19,000, Surges by $1,000 in a Single Day

The bitcoin price has increased by more than $1,000 over the past 24 hours and is en route to surpassing the $19,000 mark.

Litecoin Price Surges by 10% Again to $300 as Demand Skyrockets

Over the past 24 hours, the Litecoin price has surged by nearly 10 percent, increasing from below $270 to $300.
Ripple Overtakes Bitcoin Cash to Become the Third Largest Cryptocurrency

Ripple Overtakes Bitcoin Cash to Become the Third Largest Cryptocurrency

Ripple has overtaken Bitcoin Cash to become the third largest cryptocurrency in the market with a $31 billion market cap, after recording a 47 percent increase in value within the past 24 hours.
Ethereum Price Achieves All-Time High at $752, Up 20% in 24 Hours

Ethereum Price Achieves All-Time High at $752, Up 20% in 24 Hours

The Ethereum price has surpassed $752 for the first time in history, recording a staggering 20 percent increase in value over the past 24 hours, led by the US market.
South Korea Pushes Ripple Price Up 71%, as Japanese Banks Conduct Payment Trials

South Korea Pushes Ripple Price Up 71%, as Japanese Banks Conduct Payment Trials

The South Korean cryptocurrency market has pushed the Ripple price up 71 percent over the past 24 hours, triggered by the Ripple blockchain-based payment trial conducted by Japanese and South Korean banks.

South Korean Government Holds Emergency Meeting to Discuss Bitcoin

The South Korean government held an emergency meeting to evaluate the state of the local cryptocurrency exchange market and trading of digital currencies.

Multi-Billion Dollar Japanese Tech Conglomerate to Pay Employees in Bitcoin

GMO Internet Inc.
Ethereum Price Surges by 32%, Achieves New All-Time high at $635

Ethereum Price Surges by 32%, Achieves New All-Time high at $635

The Ethereum price has surged by more than 32 percent over the past 24 hours, achieving a new all-time high at $635 and a daily trading volume of nearly $5 billion.
Litecoin Price Spikes 82% in a Single Day to Hit $300, Surpasses IOTA

Litecoin Price Spikes 82% in a Single Day to Hit $300, Surpasses IOTA

The Litecoin price has achieved $300, as it surpassed IOTA with a $15 billion market cap, to become the fourth largest cryptocurrency in the world behind Bitcoin Cash.
Bitcoin Price Surges 20% Overnight as Volume of CBOE Futures Skyrockets

Bitcoin Price Surges 20% Overnight as Volume of CBOE Futures Skyrockets

The bitcoin price has surged by more than 20 percent overnight, triggered by the launch of the Chicago Board Options Exchange (CBOE) bitcoin futures trading platform.
Bitcoin Breaks CBOE as Futures Up 20% Hours After Launch, Trading at $18,210

Bitcoin Breaks CBOE as Futures Up 20% Hours After Launch, Trading at $18,210

Within three hours after its listing of bitcoin futures, the website and online trading platform of the Chicago Board Options Exchange (CBOE) were inaccessible, due to an unexpected spike in demand and volume.
Ethereum Price Achieves New All-Time High at $518, CryptoKitties Effect?

Ethereum Price Achieves New All-Time High at $518, CryptoKitties Effect?

Ethereum price has achieved a new all-time high at $518, surpassing its previous all-time high established on November 29, at $514.

Indian Central Bank’s Bitcoin Warning: A Sign of Fear?

On December 5, the Reserve Bank of India (RBI), the country’s central bank, cautioned investors of bitcoin, clarifying that the government is yet to regulate bitcoin and cryptocurrency exchanges within the local market.
Bitcoin Brokerage Coinbase Becomes Apple Store’s Top App, Surpassing YouTube

Bitcoin Brokerage Coinbase Becomes Apple Store’s Top App, Surpassing YouTube

Coinbase, the global cryptocurrency industry’s largest brokerage and wallet platform valued at over $1.