Despite the downturn in the crypto markets so far in 2018, executives from several bitcoin mining firms have said this scenario has been seen before and they are not deterred by current low prices. Speaking on stage at CoinDesk’s Consensus…
A blockchain team from Royal Bank of Scotland (RBS) has left to start a blockchain “venture studio” called Chorum. Revealed exclusively to CoinDesk, Richard Crook, who headed up the RBS innovation team, takes with him engineers Mark Simpson, Ben Wyeth…
XRP’s price is boasting double-digit percentage growth today for the second time this week as the broader market picks up the bid. At press time, the world’s third-largest cryptocurrency by market capitalization is trading across exchanges at an average price…
A group of U.S. lawmakers has called on the nation’s Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments or transactions. In an open letter sent to acting IRS commissioner David Kautter, representatives Kevin…
Bitfury Group has developed a new, more efficient bitcoin mining chip, the firm announced Wednesday. The Bitfury Clarke application-specific integrated circuit (ASIC) chip “offers the strongest performance among bitcoin mining chips and is unparalleled in efficiency,” the company claims in…
Governance is one of the hottest topics in crypto right now – and Decred developers’ take is that the community should decide. And, by way of the release of a communication tool called Politeia, they will soon be giving that community…
Bitcoin’s (BTC) high volume recovery from five-week lows may have left the bears disappointed, although a bullish reversal is still not confirmed, technical studies indicate. The leading cryptocurrency fell to $6,100 on Bitfinex at 18:00 UTC yesterday – the lowest…
After news broke yesterday of yet another hack of a cryptocurrency exchange in Japan, the country’s police authority has released figures revealing the rise in such attacks this year. According to a report from The Asahi Shimbun Thursday, the National…
Brazil’s antitrust watchdog is investigating whether the major banks in the country worked together to close off access to cryptocurrency services. The Administrative Council for Economic Defense (CADE), an official wing of the Brazilian government, announced it was looking into the Banco…
A recent report published by the New York Office of the Attorney General (OAG), which claimed several cryptocurrency exchanges it investigated are vulnerable to market manipulation, has drawn backlash from industry players. In a blog post published Thursday, Coinbase’s chief policy officer,…