Bitcoin and Cryptocurrency News and Updates

A senior adviser to the Silk Road dark web marketplace operator has pled guilty in a federal court in Manhattan to one count of conspiracy to distribute massive quantities of narcotics, a charge arising out [...] The post Silk Road Marketplace Senior Adviser Pleads Guilty in US Court appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/02/01/senior-adviser-to-silk-road-pled-guilty-in-court/

Genesis, a worldwide leader in over-the-counter digital currency trading and lending, continued to see sustained growth in its digital asset lending business in the fourth quarter of 2019. The company announced in its results press [...] The post Genesis Sees Sustained Growth in Digital Lending During 4Q19 appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/31/genesis-sees-sustained-growth-in-its-digital-asset-lending-business/

Bitcoin (BTC) is considered nowadays a must-have in any portfolio as it represents an investment in technology and innovation by many, Morgan Creek Capital CEO Mark Yusko said in an interview with Max Keiser . [...] The post Expert Says Portfolios with 1% Bitcoin Outperform appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/31/expert-says-1-bitcoin-exposure-have-more-alpha/

Online retailer Overstock’s security token network, tZERO, published today a letter summarizing its market performance over the past year and its 2020 plans, which include additional funding. The review letter, written by Saum Noursalehi, tZERO [...] The post tZero Plans Broker-Dealer Launch, Fund Raising appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/31/tzero-broker-dealer-launch-additional-funding/

Microsoft announced that it has identified a cryptocurrency mining malware in Kobe Bryant’s photo, the US basketball star who passed away in helicopter crash with his daughter. Earlier today, Microsoft’s technology intelligence unit posted a [...] The post Crypto Mining Malware Found in Kobe Bryant’s Photo appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/31/crypto-mining-malware-found-in-kobe-bryants-photo/

Major manufacturers of crypto-mining systems notified their clients that their cargos would be postponed for one week due the coronavirus quarantine in China. Artem Eremin, product manager at 3Logic, said: “This week MicroBT, Bitmain and [...] The post Crypto-Mining Hardware Manufacturers Delay Shipments on Coronavirus appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/30/crypto-mining-hardware-manufacturers-delay-shipments-on-coronavirus/

Cryptocurrency exchange Bittrex has announced that it got insurance coverage worth $300 million for the cryptocurrencies it holds. The move is aimed at safeguarding the digital assets held in the company’s cold storage system. Cold [...] The post Bittrex Gets Insurance Coverage for Digital Assets worth $300M appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/30/bittrex-gets-insurance-coverage-for-digital-assets-worth-300m/

Sumitomo Mitsui Banking Corporation (SMBC) has joined hands with SBI Group to invest in Ripple’s MoneyTap and R3’s Corda. The deal will help Japan’s second largest bank to build a blockchain-based financial service network. In [...] The post Japan’s No. 2 Bank Invests in Ripple-based MoneyTap appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/30/japans-no-2-bank-invests-in-ripple-based-moneytap/

Bank of Japan should be prepared up to launch a digital central bank currency (CBDC) amid development of blockchain technology, said Masayoshi Amamiya, the bank’s deputy governor. Amamiya said: “The speed of technical innovation is [...] The post Bank of Japan Must Be Ready to Launch CBDC, Says Amamiya appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/30/bank-of-japan-must-be-ready-to-launch-cbdc-says-amamiya/

Andrew Yang talked about digital assets and their potential impact on local economy ahead of the upcoming caucuses of Iowa State. The US presidential candidate said the cryptocurrency industry needs a uniform set of regulations. [...] The post US Presidential Candidate Urges Need of Uniform Crypto Legislation appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/30/us-prudential-candidate-urges-need-of-uniform-cryto-legislation/

Binance US, a global cryptocurrency exchange, has announced that it will offer staking rewards for users of cryptocurrency platforms Algorand and COSMOS in February. The exchange plans to add other Proof-of-Stake (PoS) coins. “The easy [...] The post Binance Offers Staking Rewards to Algorand, COSMOS Users appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/30/binance-offers-staking-rewards-to-algorand-cosmos-users/

Asiff Hirji, Coinbase’s former president and chief operating officer, is the new president of Figure Technologies , a blockchain-focused lending firm. Figure, the lending firm backed by Morgan Creek Digital, announced that Hirji joined forces [...] The post Coinbase COO Appointed President of Figure Technologies appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/30/coinbase-coo-appointed-president-of-figure-technologies/

Silvergate Bank, one of a few banks that has crypto-related operations in the U.S., added more crypto-clients during the fourth quarter of 2019, but deposits and fee revenues drop from those clients. The bank headquartered [...] The post Silvergate’s Crypto Clients rising in Q4, Deposits drop appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/30/crypto-clients-rising-during-q4/

A research note revealed that Millennials prefer investing in Bitcoin (BTC) instead of some of the most valuable shares in global stock markets. In a study published last November, Charles Schwab, one of the largest [...] The post Millennials Prefer Bitcoin Than Investing in Global Blue Chips appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/30/millennials-prefer-bitcoin-than-blue-chips/

The Securities and Exchange Commission (SEC) continued its battle against the popular messaging company Telegram, stating “its Gram token worth less than donuts.” The market watchdog has argued in a memo filed to New York [...] The post SEC Underestimates Telegram’s Digital Token appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/30/sec-underestimates-telegrams-digital-token/

Alexander Vinnik, former operator of crypto exchange BTC-e, have been charged by the French authorities. Following his recent handover from Greece, Vinnik will remain in France to face his charges, lawyers told Bloomberg. Vinnik, who [...] The post Russian BTC Launderer Prosecuted in France appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/29/russian-btc-launderer-prosecuted-in-france/

Digital currency businesses’ deposits at Metropolitan Commercial Bank have declined for more than 12 months, which indicated an increased rivalry in an area where the bank once was one of the sole player in town. [...] The post Crypto Deposits at Metropolitan Commercial Bank Sink 52% appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/2020/01/29/crypto-deposits-at-metropolitan-commercial-bank-sink-52/