American financial services company Fidelity Investments has fully launched its cryptocurrency custody service. Abigail Johnson, CEO of Fidelity Investments, revealed the development in an interview with the Financial Times published on Oct. 18. Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients.
Major antivirus software supplier ESET has discovered a trojanized Tor Browser designed to steal Bitcoin (BTC) from buyers in the darknet. Fake browser distributed via 2 websites Targeting users in Russia, the fake Tor Browser was distributed via two websites and has been stealing crypto from darknet shoppers by swapping the original crypto addresses since
French Bitcoin (BTC) Lightning Network (LN) implementation developer ACINQ introduced its second-generation Lightning Network wallet, Phoenix, via Twitter, on Oct. 18. A video accompanying the post demonstrates a number of wallet functions, all accessed via a user-friendly interface. From setup to receiving and making payments in under a minute From a fresh install of the
Bitcoin (BTC) bull and co-founder of Gemini crypto exchange Cameron Winklevoss has noted that the volume of negative interest bonds accounts for $17 trillion and has urged the public to buy Bitcoin. In an Oct. 17 tweet. Winklevoss wrote: “$17 trillion dollars are currently held in negative interest bonds. 17 trillion reasons why you should
In my fourth trade journal, I am updating my previous Bitcoin (BTC) position as well as discussing the reasons that I have reentered a new long position on the same asset. I am also highlighting a quick loss on Ravencoin (RVN), which dropped alongside Bitcoin. As I often say, this loss is proof that you
Economist Nouriel Roubini — also known as “Dr. Doom” for his prediction of the 2007-2008 financial crisis and a notorious critic of cryptocurrencies — has conceded that Bitcoin (BTC) is “a partial store of value.” Roubini made the concession during a panel together with a host of high-profile crypto industry figures such as Brock Pierce,
The crypto market has been struggling since topping out in June but this does not mean institutional interest in crypto has diminished. The Chicago Mercantile Exchange (CME) Group tweeted that customer interest in CME Bitcoin (BTC) futures remained strong in Q3 2019 compared to Q3 2018. The total increase in open interest during this period
David Marcus, the head of Facebook’s forthcoming cryptocurrency wallet Calibra, said that he is a fan of Bitcoin (BTC), but it is totally different than the proposed Libra stablecoin. Bitcoin is digital gold, Marcus Says In a Squawk Box interview on Oct. 16, Marcus stated that he has been looking at Bitcoin since 2012 and
United States merchant services provider and payment processing firm Aliant Payments will be paying each of its employees part of their compensation package in cryptocurrency. In a press release on Oct. 16, Aliant said that the offer reflected a desire that employees become invested customers in the shift to digital currency. Aliant’s evolving crypto payments
While Bitcoin price (BTC) is moving in a close range and altcoins start to move upwards, the overall sentiment of the market is still fear. Crypto market data. Source: Coin360 Fear is a normal expression seen from investors during downwards trending markets as traders and investors tend to be fixated by short term movements, similar
That notorious abyss of Crypto Twitter – where the XRP Army patrols, altcoins flourish and falter, and @Vitalik99832182 promising you infinity ETH – got a new plaything today: an eToro crypto portfolio calibrated to the tenor of its tweets. The new financial instrument is called TheTIE-LongOnly CopyPortfolio, and, as of Tuesday morning, it was live on
Tuesday, Oct. 15 — Bitcoin (BTC) has continued to trade sideways for most part of the day, while taking a sudden dip in recent hours. Market visualization. Source: Coin360 The world’s most popular cryptocurrency traded flat for the better part of the last 24 hours, with an intraday high of around $8,400. In the last couple
The Oxford English Dictionary (OED) announced on Oct. 9 that it added the word “Satoshi,” Bitcoin’s (BTC) smallest unit. In the update published on the firm’s blog, OED notes that the word is the most recent addition to its dictionary, claiming the word was first used seven years ago. The announcement notes: “A satoshi is
Digital asset manager CoinShares is putting gold on the bitcoin blockchain. Working with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA, the U.K.-based firm announced Tuesday a gold-backed network for trading tokens representing digitized physical gold, a project two years in the making. According to CoinShares, the network launches today with more than
The Chicago Mercantile Exchange (CME) Group recently tweeted that, despite the Bitcoin (BTC) price pullback, customer interest in CME Bitcoin futures remained strong during Q3 2019. CME Bitcoin futures are up 61% vs Q3 2018 On Oct. 9, the CME Group took to Twitter to state that customer interest in CME Bitcoin futures remained strong
Do it yourself or outsource it? Rightly or wrongly, most people seem to fear the IRS, and an IRS audit can be daunting, even if it is entirely by correspondence. Most considerations are arguably the same in many different kinds of tax audits. However, crypto tax matters can be even more sensitive than many others.