Although a handful of altcoins were launched during the year 2011, Litecoin was the first to retain significant value to this day. The cryptocurrency was developed by Charlie Lee, an MIT graduate who worked as a software engineer at Google. When Lee learned about Bitcoin’s proposal he quickly understood its power,
Bitcoin whales, investors that own a significant number of bitcoins, are not responsible for price volatility, according to a new study by blockchain research firm Chainalysis.
Bitcoin whales are most commonly early bitcoin adopters who are sitting on millions in cryptocurrency.
Online auto parts retailer NewParts, in partnership with e-commerce platform Shopping Cart Elite, is now accepting payments in seven cryptocurrencies.
Based in Nashville, Tennessee, NewParts offers a vast selection of automotive products, with a catalog of over one million parts.
Joseph Muscat, the Prime Minister of Malta, said that blockchain technology will allow bitcoin and other cryptocurrencies to inevitably become the future of money.
Speaking at the UN General Assembly, Muscat said that he passionately believes blockchain revolutionizes and improves systems, which is why they are trying to position Malta as “Blockchain Island.”
The US Commodity Futures Trading Commission (CFTC) has filed charges against two defendants for “fraudulent solicitation, impersonation of a CFTC investigator and forging CFTC documents, all in an attempt to steal bitcoin.”
In a complaint filed in the US District Court for the Northern District of Texas,
Blockchain payment service provider Bitwala has raised €4 million ($4.7M USD) in its latest funding round to launch a platform that will enable the management of both euro deposits and bitcoin funds within the same bank account. Investors in the round include Earlybird Venture Capital and Coparion.
The United Nations Children’s Fund (UNICEF) France is now taking donations in cryptocurrencies.
Following the success of GameChaingers, a crypto fundraising program launched in February of this year, UNICEF France announced it is now accepting donations in nine cryptocurrencies,
Grupo XP, the owner of XP Investimentos, Brazil’s largest independent broker, is planning to set up a cryptocurrency exchange platform by the end of the year.
Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, said that the company will launch a trading platform called XDEX in the coming months that will initially support trading in bitcoin and ethereum.
Mthuli Ncube, Zimbabwe’s newly appointed Finance Minister, said that cryptocurrencies could assist in mitigating the country’s ongoing cash shortage.
In a statement, Ncube said he would call on the Reserve Bank of Zimbabwe (RBZ) to establish a crypto unit to better position the country to invest in cryptocurrencies.
Virtual Crypto Technologies has released an interoperable software that enables traditional ATM operators to retrofit their machines to allow users to buy and sell bitcoin.
Virtual Crypto is a technology company dedicated to making cryptocurrency accessible to the public on a global basis.