$8 Billion Coinbase Faces Backlash for Latest Acquisition

Bitcoin exchange giant Coinbase has acquired Chainalysis competitor Neutrino in an effort to enhance its compliance efforts and regulatory relationships. Neutrino uses blockchain analytics to identify potential money laundering or other illegal transactions on the blockchain. Until its acquisition, it was one of a few companies growing in the space of analyzing blockchains. Its work mainly benefits crypto exchanges, regulators, and other centralized powers. According to Coinbase, companies like Chainalysis, Whitestream, and Elementus are “necessary” in an “open financial system.” “Blockchain intelligence is increasingly important in the crypto ecosystem, and is necessary to achieve our mission of bringing the open financial

The post $8 Billion Coinbase Faces Backlash for Latest Acquisition appeared first on CCN

Bitcoin Investor Who Lost $1 Million: Crypto Still ‘a Force for Good’

A bitcoin investor who lost $1 million in the bear market still believes the original cryptocurrency is a “force for good.” However, Peter McCormack warns others to be more careful with their money. “I wish I had taken everything out before the bubble burst,” McCormack wrote at the Guardian. “I have earned money in the

The post Bitcoin Investor Who Lost $1 Million: Crypto Still ‘a Force for Good’ appeared first on CCN

Why Goldman Sachs Suddenly Starting Bitcoin Business is Unrealistic: SolidX

According to Daniel H. Gallancy, the CEO of SolidX Partners, it was unrealistic to anticipate Goldman Sachs to run a Bitcoin business before the year’s end. Speaking to Bloomberg, Gallancy, who has been working with a major investment firm in VanEck to introduce a Bitcoin exchange-traded fund (ETF) in U.S. markets, said that investors prematurely

The post Why Goldman Sachs Suddenly Starting Bitcoin Business is Unrealistic: SolidX appeared first on CCN

World’s First Regulated Blockchain Real Estate Crowdsale Platform Launched in Switzerland

Tokenized assets are here to stay. The current race is about who can get regulated products to the market first and then who can successfully gain user adoption. While several projects have purported to tokenize real estate assets, blockimmo is the first to do it within the bounds of existing regulations in two jurisdictions. The

The post World’s First Regulated Blockchain Real Estate Crowdsale Platform Launched in Switzerland appeared first on CCN

Pro-Crypto French MPs Want to Invest 500 Million Euros to Make France ‘Blockchain Nation’

Two pro-crypto members of the French Parliament (Parlement français) want the country to invest up to 500 million euros in blockchain programs to elevate France as a “blockchain nation.” Deputies Jean-Michel Mis and Laure de La Raudière released a report on Dec. 12 outlining 20 proposals to support the development and mainstream adoption of blockchain,

The post Pro-Crypto French MPs Want to Invest 500 Million Euros to Make France ‘Blockchain Nation’ appeared first on CCN

World’s Largest Financial Institutions are Still Placing Big Bets on Crypto

Sequoia, Baidu, Nasdaq, and Fidelity are amongst some of the largest VCs, technology conglomerates, and financial institutions to make big bets on crypto in the past week. Despite the bear market which has led major cryptocurrencies to lose about 80 to 90 percent in value on average, both digital asset-related businesses and blockchain protocols are

The post World’s Largest Financial Institutions are Still Placing Big Bets on Crypto appeared first on CCN

Crypto Firm Galaxy Digital is Losing an Average of $15 Million every Month

Galaxy Digital Holdings LP, the cryptocurrency merchant bank founded by prominent crypto investor Mike Novogratz, announced losses totaling $41 million for Q3 2018, bringing the total losses for the year so far to $136 million. Bloomberg reports that the Q3 loss was driven by net realised and unrealised losses on digital assets, chiefly caused by losing positions

The post Crypto Firm Galaxy Digital is Losing an Average of $15 Million every Month appeared first on CCN

Full Crypto: Overstock CEO Patrick Byrne Selling Retail Business to Focus on Blockchain

Overstock’s highly-touted tZero project has been something of a money pit for the company, costing nearly $170 million in overall development costs with no live product yet available. Medici Ventures, Overstock’s blockchain investment arm, has acquired additional subsidiaries on the order of several more millions of dollars in an effort to expand its crypto portfolio. The

The post Full Crypto: Overstock CEO Patrick Byrne Selling Retail Business to Focus on Blockchain appeared first on CCN

European Union Invites Major Banks to Join Blockchain Forum

The EU is in the process of establishing a blockchain forum and has invited at least five major banks including BBVA and Santander. The purpose of the IATBA (International Association for Trusted Blockchain Applications) is to “ develop a trusted, secure and resilient European Blockchain Services Infrastructure meeting the highest standards in terms of privacy,

The post European Union Invites Major Banks to Join Blockchain Forum appeared first on CCN

Israel: Tel Aviv Investment Firm Silver Castle Launches Trio of Crypto Funds

The infrastructure for institutional investors in the crypto market continues to gain steam despite this year’s relentless bear market. Most recently, Israel-based crypto investment fund Silver Castle, which targets institutional and accredited investors, unveiled two crypto funds in November with another fund waiting in the wings and is targeting $50 million in assets under management (AUM)

The post Israel: Tel Aviv Investment Firm Silver Castle Launches Trio of Crypto Funds appeared first on CCN