China Will Heavily Crack Down on All Bitcoin Trades

Wall Street Journal reports that all Bitcoin trading will be banned in China. It’s been a tumultuous couple of weeks in the Bitcoin community, as negative news spread throughout, driving prices lower. News of a China Exchange Ban, as well as negative rhetoric from the CEO of the world’s largest bank (JP Morgan Chase), knocked the

Coinbase Receives Patent for New Bitcoin Security Measure

Coinbase Receives Patent for New Bitcoin Security Measure San Francisco-based exchange, Coinbase, just received a patent for a security methodology for storing, distributing, and using private keys. The U.S. Patent and Trademark Office (USPTO) approved and published the patent on August 15.   Custodians are the Heart of the Security Methodology Coinbase The security protocol enables custodians…

Coinbase Awarded Patent for Bitcoin Security Concept

Coinbase Awarded Patent for Bitcoin Security Concept Cryptocurrency exchange startup Coinbase has been awarded a new patent related to private key security, public records show. The U.S. Patent and Trademark Office (USPTO) published the patent yesterday, entitled “Key ceremony of a security system forming part of a host computer for cryptographic transactions.” Two former Coinbase…

Coinbase Raises $100M to “Help Accelerate Digital Currency Adoption”

On August 10 the San Francisco-based company Coinbase announced it has raised US$100M in a Series D funding round. The company says the large capital injection will be used to help “create an open financial system for the world.” Also read: Breadwallet’s Bitcoin Cash Tool Arrives Next Week — Full Client Coming Soon This week the

Litecoin Sustains Price Rise, Posts More Than $1 Bln of Trading Volume in Early July 2017

The digital currency called “digital silver” posted a trading volume of more than $1 bln on July 5, 2017, allowing it to briefly surpass Bitcoin’s volume. The cryptocurrency Litecoin continues to register a phenomenal price increase as of early August 2017 leading some market analysts to proclaim it as investment-ready. The digital currency some call

Slow Withdrawals Leave Coinbase Users Annoyed

Slow Withdrawals Leave Coinbase Users Annoyed The upcoming Bitcoin Cash hard fork on August 1st has excited many and worried others. It is going to be a disruptive time for the Bitcoin network and cast uncertainty over the future of Bitcoin. Will one chain survive? Will both live on and compete forever? Those answers are hard to predict from…

14,000 Coinbase Customers Could Be Affected by IRS Tax Summons

Digital currency exchange startup Coinbase is pushing back against a renewed court effort by the Internal Revenue Service to obtain information on some of its customers. Earlier this month, the IRS sought to narrow the scope of its investigation of the startup’s customers after running into opposition from both Coinbase itself as well as several

Bitcoin Investors Should Not Fear August 1 Chain Split

It has become likely that Bitcoin Cash will be created by a group of miners led by ViaBTC on August 1. However, investors should not fear the creation of Bitcoin Cash. It has become likely that Bitcoin Cash will be created by a group of miners led by ViaBTC on August 1. However, investors should

Coinbase Clarifies, No Plans to Integrate Ethereum Classic Yet

It seems as if Coinbase, the world’s largest Bitcoin wallet and trading platform, is not ready to integrate Ethereum Classic just yet. It seems as if Coinbase, the world’s largest Bitcoin wallet and trading platform, is not ready to integrate Ethereum Classic just yet. Earlier this week, various analysts and Ethereum Classic enthusiasts suggested the

How Exchanges Plan To Deal With a Possible August 1 Fork

Over the past week, many bitcoin exchanges have revealed plans for the possibility of a network fork on August 1, 2017. Also read: Japan’s Cryptocurrency Business Association Plans for August 1 Guidelines In about a week there still may be a possibility of a network fork come August 1, even though Segwit2x is showing strong