Bitcoin May Be the Solution to Africa’s Broken Financial System

A recent report suggests that the lack of traditional financial infrastructure makes Africa a place where cryptocurrency adoption is likely. The report — shared with Cointelegraph by a Luno representative on May 27 — sheds light on Africa’s financial infrastructure and the role that cryptocurrencies play in it. The author of the research, which was […]

South Korea is Exploring New Crypto Tax Laws

South Korea’s Ministry of Economy and Finance is preparing an amendment to apply to the nation’s Income Tax Law. This could include rules for profitable sales of cryptocurrencies as well as profits from national crypto mining projects. According to local newspaper E Daily on May 27, the ministry also mentioned including the profits generated by […]

BitMEX Rejects Bold Lawsuit Claims as ‘Clearly Rehashed’ Internet Bunk

BitMEX, one of the most popular derivatives exchanges in the cryptocurrency market, has come under fire with accusations of being purposefully designed to facilitate “a myriad of illegal activities.” The accusations were made in a lawsuit filed by BMA LLC in the United States District Court for the Northern District of California on May 16. […]

Roger Ver Wants to Buy Bitcoin.org

In August 2008, an individual believed to be Bitcoin creator, Satoshi Nakamoto, purchased Bitcoin.org through an anonymous domain registrar.  When Satoshi left the community, he entrusted control of the site to a number of impartial individuals. Since that time, Bitcoin.org has largely operated as an educational resource, helping newcomers to the space learn about Blockchain […]

After BTC Visits $8.6K, Crypto Traders Predict Bitcoin Price’s Next Stop

The price of Bitcoin (BTC) dropped to as low as $8,600 on May 25 as retail investors on Coinbase led an abrupt short-term downtrend. The price has since fluctuated between $8,800 and $9,200, demonstrating high volatility in a tight range. Bitcoin is currently at a decisive point where it could fall back below the $8,000 […]

Goldman Sachs Butts Heads With Bloomberg Over Bitcoin

According to a leaked PowerPoint slide, Goldman Sachs, in a May 27 call discussing the U.S. economic outlook, stated that cryptocurrencies are not an asset class. The wording of the slide appears to discourage its clients from investing in the up and coming technology-based asset. This stands in stark contrast to the views of former […]

Stepping Into the World of Mainstream Crypto

Over the last decade, we have witnessed the massive development of crypto. Formerly a geeky trend, crypto was once a questionable and not easily understandable invention that was used for pizza payments. Since those early days, cryptocurrencies have been transformed into a store and measure of value for many people. Those who were at the […]

Bakkt Physical Bitcoin Futures Beat Cash Ahead of Major CME Expiry

Bitcoin (BTC) futures platform Bakkt now sees most of its contracts settled in BTC, not cash, the latest data reveals. According to analytics resource Skew, the latest date for which data is available in May produced $34 million for Bakkt’s physically-settled Bitcoin futures. Tide turns against cash settlement Cash-settled Bitcoin futures recorded $9.3 million in […]

$13B Custodian Launches Retirement Account Supporting Bitcoin

Kingdom Trust, a South Dakota-based financial custodian that manages more than $13 billion in assets, has launched a retirement account that supports legacy, alternative, and crypto assets. The launch of the account “Choice,” follows the acquisition of Choice Holdings — a digital asset-focussed retirement account that was built by CoinShares. Kingdom Trust already backs more […]

Bitcoin Retakes $9K — 3 Technical Reasons There’s Still Room to Run

The price of Bitcoin (BTC) surged above $9,000, demonstrating a decent recovery in the last 24 hours. Market data shows a further upsurge to the $9,300 to $9,400 range is likely in the near-term. Three key reasons increase the probability of a minor rally: liquidation of 25x to 50x shorts are at $9,300, whales using […]