Altcoin Buzz

In June, the Dutch Authority for the Financial Markets (AFM) issued a letter of concern. In it, they doubted whether cryptocurrency operations conform with the country’s licensing law. Now, the Dutch central bank has come up with a new critique: cryptocurrency is not real money, according to it. Bank divisional director Petra Hielkema has made it clear why she thinks so: "If something...

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is making a big move. Together with Microsoft and Starbucks it is launching a new digital asset platform which promises to be revolutionary. The company's name will be Bakkt and it "will hold and manage people’s cryptocurrency." It will be led by Kelly Loeffler who also happens to be...

Canaan, the second biggest manufacturer of Bitcoin mining equipment, has launched a curious product which might hit the crypto enthusiasts' sweet spot. From now on, your TV set will allow you to watch Netflix shows and mine crypto, reports South China Morning Post. The TV set is called AvalonMiner Inside. Its processing power is 2.8 trillion hashes per second but its most powerful...

Last week Altcoinbuzz asked whether someone loves hacking crypto wallets for $100 000. The article concerned Bitfi and its CEO John McAfee, who has set up a special bounty programme. In it, money was offered to hackers who could interfere with their allegedly 'unhackable' wallet. As you might have guessed, it all went a little bit wrong. To remind: Bitfi spelled...

Oyster Pearl (PRL) is a cryptocurrency project looking to become “the future of website monetization and distributed storage.” PRL is an ERC-20 token that uses Ethereum smart contracts and the IOTA Tangle. Oyster Pearl released their mainnet on May 31st of this year and have since been developing many ways to use it. In the projects most recent update on...

Coinbase, the largest cryptocurrency exchange, offers its British clients a new feature: To buy cryptocurrency with another fiat currency, the British pound. Coinbase has been very active over the last couple of months. It is currently considering adding five more coins; it has announced crypto gift cards; is apparently ready to list Ethereum classic; and it has secured a $20 bln investment...

Coin Deal becomes the first cryptocurrency exchange to sponsor a Premier League team with the announcement that they will sponsor the Wolverhampton Wanderers (Wolves). After a great 2017/18 season by winning the Championship League, newly promoted Wolverhampton Wanderers (Wolves) get an unlikely sponsor in Coin Deal, a Bitcoin and cryptocurrency exchange. By becoming their sponsor, Coin Deal becomes the first...

Northern Trust has three "mainstream hedge funds" that are diversifying their portfolios with crypto assets such as Bitcoin and Ethereum. Northern Trust, a 129 year old giant financial services company (owning roughly $10.7 trillion of assets), has included blockchain and cryptocurrencies in many of their divisions. They also have a group of hedge funds who are placing their bets on...

Effective today August 1st, Bithumb, one of the largest cryptocurrency exchanges in South Korea, is no longer allowing users to create new accounts on their platform. This change is a result of Bithumbs failure to renew their contract with a bank. According to the guidelines that all cryptocurrency exchanges in South Korea must follow, a South Korea based crypto exchange...

Binance, one of the largest cryptocurrency exchanges, has acquired Trust Wallet in its endeavor to further expand its market. Thus, the company's CEO Changpeng Zhao emphasized that wallets are crucial for the crypto economy, as they will help it to become mainstream. Trust Wallet is a small company. Only ten people are currently working for it and it is not what...