Coin News

MGT Capital Investments, a bitcoin mining and cryptocurrency investing firm formerly associated with John McAfee, has been hit with a class-action lawsuit over allegations that its former CEO participated in a pump-and-dump scheme that manipulated the price of MGT shares. Bitcoin Mining Firm Faces Class-Action Suit The suit, which was filed by Rosen Law Firm

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1Broker, a Marshall Islands-based securities dealer and bitcoin trading platform, was recently taken down by the US authorities. The FBI seized the domain of 1Broker, shutting down the platform for allegedly violating money laundering regulations and distributing securities as an unregistered dealer. The official announcement of the US Securities and Exchange Commission (SEC) read: “The

The post 1Broker Shut Down, Will More Bitcoin Exchanges be Targeted by US Gov’t? appeared first on CCN

Using a major bug found and fixed on bitcoin last month, an attacker was able to print 235 million coins on "pigeoncoin."

• Coinbase is reportedly closing a deal that values it at $8 billion
• It's reportedly raising a $500 million funding round. 
• Coinbase's most recent private valuation was at $1.6 billion, according to investors who contributed to its $100 million funding round last year. 

Coinbase is closing a deal that values the six-year-old cryptocurrency trading platform at $8 billion, Recode reports. According to Recode's sources the company is raising a $500 million funding round that will likely include existing investors and a new investment from hedge fund Tiger Global.

Coinbase, which provides one of the leading platforms to exchange cryptocurrencies like ethereum, bitcoin, and litecoin, was most recently valued at $1.6 billion with a $100 million funding round in August 2017. Despite the dramatic dip in value in some of the platform's cryptocurrency offerings this year, Coinbase was reportedly profitable in 2018. 

The company has emerged as one of the most prolific acquirers in the crypto sector, with a string of deals designed to bolster its services and fulfill its ambition of creating a one-stop shop that brings crypto to the masses. So far, most of Coinbase's acquisitions have been relatively small, but a hefty new round of funding could give it significant firepower on the M&A front.

At $8 billion, the cryptocurrency platform would be among one of the highest privately valued companies in the US. Coinbase declined to comment on the matter. 

SEE ALSO: An inside look at the team leading Coinbase’s acquisition spree and its plans to become the Google of crypto

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• Coinbase is reportedly closing a deal that values it at $8 billion
• It's reportedly raising a $500 million funding round. 
• Coinbase's most recent private valuation was at $1.6 billion, according to investors who contributed to its $100 million funding round last year. 

Coinbase is closing a deal that values the six-year-old cryptocurrency trading platform at $8 billion, Recode reports. According to Recode's sources the company is raising a $500 million funding round that will likely include existing investors and a new investment from hedge fund Tiger Global.

Coinbase, which provides one of the leading platforms to exchange cryptocurrencies like ethereum, bitcoin, and litecoin, was most recently valued at $1.6 billion with a $100 million funding round in August 2017. Despite the dramatic dip in value in some of the platform's cryptocurrency offerings this year, Coinbase was reportedly profitable in 2018. 

The company has emerged as one of the most prolific acquirers in the crypto sector, with a string of deals designed to bolster its services and fulfill its ambition of creating a one-stop shop that brings crypto to the masses. So far, most of Coinbase's acquisitions have been relatively small, but a hefty new round of funding could give it significant firepower on the M&A front.

At $8 billion, the cryptocurrency platform would be among one of the highest privately valued companies in the US. Coinbase declined to comment on the matter. 

SEE ALSO: An inside look at the team leading Coinbase’s acquisition spree and its plans to become the Google of crypto

Join the conversation about this story »

NOW WATCH: Apple's entire iPhone XS event in 8 minutes

Bitmain has acquired Telescope, an open-source, browser-based wallet for bitcoin cash.

A French security official with the Direction Générale de la Sécurité Intérieure (DGSI) was indicted last week and taken into custody on charges of selling state secrets in exchange for payments in bitcoin. According to local French media Le Parisien, the unnamed agent was allegedly arrested for peddling economic information and falsifying administrative documents. Protecting French

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Bitcoin may never replace the greenback, but the flagship cryptocurrency could achieve significant adoption in the two-thirds of countries without stable currencies. That statement might sound like a thesis put forward by an early bitcoin adopter, or perhaps a forward-thinking hedge fund manager. In actuality, though, that bullish forecast was issued by J. Christopher Giancarlo,

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The premium on Bitcoin Investment Trust (GBTC), a publicly tradable Bitcoin instrument operated by Grayscale Investment, a $2 billion cryptocurrency fund and subsidiary of Digital Currency Group (DCG), has dropped by 10 percent in the past week. Tyler Jenks, the president of Lucid Investment, who operated as an analyst in the traditional finance sector for

The post GBTC Premium Down 10%: Will Bitcoin Drop in Price or is ETF Hype Rising Again? appeared first on CCN

Ten years ago this month, pseudonymous developer Satoshi Nakamoto published the whitepaper for a new piece of technology that sought to upend the global financial system: “Bitcoin: A Peer-to-Peer Electronic Cash System.” There’s perhaps no clearer sign of the degree to which the Nakamoto revolution has begun to take hold than that yesterday, on Oct.

The post Blockchain Has ‘Staggering’ Possibilities, Pres. Bill Clinton Tells Ripple Conference appeared first on CCN

Ten years ago this month, pseudonymous developer Satoshi Nakamoto published the whitepaper for a new piece of technology that sought to upend the global financial system: “Bitcoin: A Peer-to-Peer Electronic Cash System.” There’s perhaps no clearer sign of the degree to which the Nakamoto revolution has begun to take hold than that yesterday, on Oct.

The post Blockchain Has ‘Staggering’ Possibilities, Pres. Bill Clinton Tells Ripple Conference appeared first on CCN

This article originally appeared on Bitcoin Magazine.

This article originally appeared on Bitcoin Magazine.

On October 2, Ripple Labs announced the integration of RippleNet into OnePay FX, a mobile application for cross-border payments developed by $80 billion banking giant Banco Santander. The strategic partnership between Ripple Labs and Santander was announced in March of 2018, but at the time, the intricacies of the collaborative work between the two companies … Continued

The post $80 Billion Banco Santander Uses Ripple For Payments, Will Many Banks Follow? appeared first on CCN

Bitcoin could feel the pull of gravity in the next 24 hours, having failed to beat a key moving average hurdle for four days straight.

Bitcoin futures trader 1Broker hopes to launch a read-only version of its website in the next few days after being sued by the SEC and CFTC.

Since late September, the low volume of Bitcoin has been an issue for the cryptocurrency exchange market. Although BTC was expected to breakout of major resistance levels at $6,800 and $7,000, its low volume prevented it from recording a major movement on the upside. Earlier today, on October 2, Ripple Labs introduced three partnerships with

The post Ripple Drops 2% Loss Despite Major XRP Announcement, Bitcoin Shows Low Volume appeared first on CCN

Since late September, the low volume of Bitcoin has been an issue for the cryptocurrency exchange market. Although BTC was expected to breakout of major resistance levels at $6,800 and $7,000, its low volume prevented it from recording a major movement on the upside. Earlier today, on October 2, Ripple Labs introduced three partnerships with

The post Ripple Drops 2% Loss Despite Major XRP Announcement, Bitcoin Shows Low Volume appeared first on CCN

The post (+) Bitcoin Resumes Lateral Trading as Lightning Network Gets New Use Case appeared first on CCN

A French intelligence agent was arrested for allegedly selling state secrets for bitcoin.

Though many bitcoin investors believe multi-layer scaling solutions such as the Lightning Network (LN) will eventually make BTC a viable payment instrument for the proverbial coffee purchase, most argue that the flagship cryptocurrency’s primary short-term use case is as “digital gold.” However, an equity analyst at one of the world’s most respected investment research firms

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Ripple (XRP) rallied again for an intraday high near $0.60 as the San Francisco-based blockchain startup announced the commercial release of xRapid, its cryptocurrency-powered enterprise blockchain product. The announcement makes clear that xRapid is “commercially available and moving into production with multiple customers.” The company’s update names three business customers for xRapid: MercuryFX, Cuallix, and Catalyst Corporate

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With regulations being one of the main reasons why traditional commercial banks give bitcoin a wide berth, state senators and representatives in Wyoming are eyeing a legislative fix to the problem. Wyoming Blockchain Group Mulls Bitcoin-Friendly Bank Legislators in the “Equality State” are currently considering drafting legislation that would allow the creation of a cryptocurrency

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In a sign of the major cryptocurrency players’ continued influence and ability to pay premium speaking fees, the keynote speaker for Ripple’s two-day Swell conference was none other than former President Bill Clinton. In what felt like a very odd cameo for Clinton, the former President largely meandered through an hour-long conversation about his new […]