Stock Trading App Robinhood Wants to Become a Bank

Robinhood stock trading app

Robinhood stock trading app: A National Banking Charter is attractive to many financial tech companies but alas! it is very hard to get. That hasn’t stopped California-based stock trading app Robinhood from approaching regulators at the Office of Comptroller of the Currency (OCC), with an ambition to acquire necessary licenses allowing it to receive a national banking charter. This would effectively class the platform as a bank. 

The idea is to become a more official banking platform, covering all bases; from cryptocurrency to stocks and fiat accounts for its customers. Currently, Robinhood boasts a 4 million ...

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Crypto World Cup Day 8: Vitalik Buterin vs. Charlie Lee

Charlie Lee

It’s day 8 of the Crypto World Cup, and we have some of the biggest players facing off with one another. Charlie Lee will play against Vitalik Buterin in a nail-biting match. Plus, Charles Hoskinson, Apolo Ohno, Bill Barhydt, and Tiffany Hayden. You won’t want to miss it!

If you don’t know them all yet, meet the players of our Crypto World Cup.

Check out the results and highlights of today’s games Match 1: Bill Barhydt 1-1 Tiffany Hayden

Going into their second game each, Barhydt has one up on Hayden. Bill Barhydt won ...

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Switzerland: Blockchain will “Penetrate Our Entire Economy”

Blockchain in Switzerland

Blockchain in Switzerland: It seems that blockchain technology is expected to infiltrate Switzerland’s economy even more-so. Already, the Alpine nation has been known as quite the hot-spot for all things cryptocurrency. But this time it seems that the technology behind blockchain specifically, allows for a real push in technological advancement for the nation.

Johann N. Schneider-Ammann on Blockchain in Switzerland

At the Crypto Valley Conference in Bern, Swiss Federal Councillor Johann N. Schneider-Ammann, stated:

“Hardly anyone still doubts that blockchain will penetrate our entire economy.”

A transcript from the event was published ...

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Buying Crypto on Foreign Exchanges? Better Tell the IRS

Foreign Exchanges

The IRS may be cracking down on crypto bought on foreign exchanges as part of a technicality involving overseas holdings. Americans who hold more than $10,000 abroad are required to file Foreign Bank and Financial Accounts (FBAR) reports each year with the U.S. Treasury Department. They are also required by the Foreign Account Tax Compliance Act (FATCA) to describe their overseas accounts on Form 8938 of their IRS tax forms. The penalty for non-compliance? A potential $100,000-plus fine, plus prison time.

The IRS has previously defined some tax-related parameters with cryptocurrency – for example, they have ...

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Bitcoin Mining – What You Need to Know About It

crypto energy consumption

Crypto energy consumption: Bitcoin took the world by storm. Some experts warned against trading it, touting it as fraudulent. But as time went by, the cryptocurrency remained strong, surprising everyone. These days a lot of people are trading Bitcoin and investing in it, in hopes of making a profit. There are still some skeptics, but more people are on board with the idea than before.

Bitcoin is like having gold with which you can trade. Even though the price keeps fluctuating, it has base value and can be trusted. In this cashless society, Bitcoin could be ...

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Stellar Acquiring Chain – True or False? Sources Say True

Stellar acquiring Chain

Reports of Stellar acquiring Chain are floating around this week. On June 20th, Fortune reported that Stellar, the creator of the virtual currency XLM, is in talks to purchase the California-based blockchain startup. But is it really going to happen?

Stellar Acquiring Chain – Real or Fake?

Rumors in the crypto space take different paths. When the fake Coinbase listing rumors spread about XRP, the Ripple price soared. But then it dropped when people realized it wasn’t true.

As for the rumor of Stellar acquiring Chain, the cryptocurrency has neither soared nor plunged. However, ...

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Bithumb Hack: $30M Lost, But Investors will be Compensated

Bithumb hack investors repaid

Bithumb hack investors repaid: Another week, another crypto exchange hack. Last Monday, June 11, the world awoke to the news of the Coinrail hack. This week, another South Korean exchange was also hacked. This time around it was Bithumb. In the Bithumb hack, roughly $30M in digital assets was stolen.

Don’t worry, though – Bithumb has confirmed that investors will be fully compensated.

Bithumb Hack: How it Went Down

On Wednesday, June 20th, Bithumb posted on social media that the crypto exchange had been hacked, with the amount lost totaling to $30M. Of course, ...

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Charlie Lee Talks Bithumb Hack, Bitcoin Price, and Lightning Network

Charlie Lee on CNBC

Charlie Lee on CNBC: Charlie Lee, founder of Litecoin (LTC), chatted with CNBC about the recent Bithumb hack, Bitcoin price, and the Lightning Network.

Charlie Lee on CNBC: Bithumb Hack

The South Korean crypto exchange Bithumb was hacked earlier this week, with a total of USD $30 million in crypto being stolen. It was enough to shift the exchange from its sixth-place ranking for daily trading volume down to seventh. Along with the loss of crypto from the exchange, many cryptocurrencies’ prices plummeted from the resulting panic, including Bitcoin (BTC).

Lee explained that the ...

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Akon Launches Akoin: Another Celebrity Enters the Crypto Market

Akon launches Akoin

Akon launches Akoin: To add to the list of celebrities that have been entering the cryptocurrency market, singer Akon has announced that he has launched his own cryptocurrency called Akoin.

Akon Launches Akoin: Cannes Lions 2018

Akon announced his new coin Akoin at the Cannes Lions 2018 ‘Blockchain, Entrepreneurship and Empowering the Future’ panel on Saturday, June 18th.

Leading up the event, Akon tweeted about his upcoming stint at on the panel.

I’ll be speaking at @Cannes_Lions today on “Blockchain, Entrepreneurship and Empowering the Future…Come check it out at 3:30 on the ...

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Crypto World Cup Day 7: John McAfee vs. Zhao Changpeng

Crypto World Cup

Crypto World Cup Day 7 was full of insanely tight matches, but who came out on top? Let’s see!

Today’s big matchups include:

John McAfee vs. Zhao Changpeng Brad Garlinghouse vs. David Sonstebo Tim Draper vs. Tyler Winklevoss

In matchday one, Brad Garlinghouse defeated Eric Voorhees and Tim Draper defeated Zhao Changpeng both 1-0. Tyler Winklevoss and John McAfee put up a tough match on matchday one that resulted in a draw at 3-3. John McAfee pulled off a hat-trick which was the 51st hat-trick scored in World Cup History.

If you ...

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Bitcoin Cash Price Watch – BCH/USD Back On Bullish Run, Looking To Break $900

Bitcoin Cash price watch

Bitcoin Cash Price Watch: Bitcoin Cash (BCH) returns to bull run.

Key Highlights: Bitcoin Cash price bounced back from its decline this past weekend, now looking to break $900 once again. BCH/USD is back on a bullish run after establishing support at around $860. The $910 price level is considered a major resistance point. Bitcoin Cash Price Watch: BCH/USD Looking To Overtake $900

On Wednesday, Bitcoin Cash price continued to recover from its decline this past weekend, reaching a high of $909 before pulling back below $900. BCH/USD is now up by 6% over the past ...

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Leftover Euros Can Now Be Exchanged for Crypto at Schipol Airport!

euros for cryptocurrency

We all know it can be a pain to exchange foreign currency, but Amsterdam’s Schipol Airport is trying to help people avoid that hassle. Travellers going through Schipol Airport will now be able to exchange any leftover euros for cryptocurrency!

Specifically, people will be able to trade euros for Bitcoin (BTC) or Ethereum (ETH) at one of the several Bitcoin ATMs that have been set up at Schipol’s Arrival Hall 2 and its Departure Halls 1 and 2.

According to the official press release reported on Wednesday, the ATMs are currently on a six-month ...

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Bitcoin Price Watch – BTC/USD On Bullish Run, Testing Resistance At $6,800

Bitcoin price watch

Bitcoin price watch: Bitcoin continued its bullish run on Wednesday morning, moving firmly past the $6,700 level and testing a major resistance at $6,800. Bitcoin has been on an upward trajectory recently, having recovered by more than 5% since the beginning of last week.

Yesterday, the cryptocurrency received a further boost as Goldman Sachs CEO Lloyd Blankfein commented on the future of Bitcoin with an optimistic tone. During a talk at The Economic Club of New York, Blankfein, who has been relatively more upbeat about Bitcoin than some of his peers on Wall Street, explained how ...

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XRP and MIOTA on FCoin’s Listing Plans – Opening This Week!

FCoin Lists XRP and MIOTA

FCoin Lists XRP and MIOTA: It’s going to be a big week for Ripple (XRP) and IOTA (MIOTA), as well as six other cryptocurrencies. Every week is important in the crypto sector, but this week has an edge up on, say, last week. Why? Because XRP and MIOTA, as well as several other digital currencies, are featured on FCoin’s listing plans for the week. 

FCoin Lists XRP and MIOTA

On Wednesday, FCoin released its listing plans for the week on its website. There will be a total of eight cryptocurrencies opening on the FCoin crypto platform ...

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Litecoin Futures Trading: Coming Sooner Than You Think

A Litecoin futures trading opportunity is starting soon, being launched by the cryptocurrency exchange Crypto Facilities, based out of the UK.

Litecoin Futures Trading

Crypto Facilities told CoinDesk that it would be launching the LTC futures trading on June 22nd. Investors will be able to long and/or short futures contracts with Litecoin as the underlying collateral. The contracts can be done with weekly, monthly, and quarterly maturities.

Charlie Lee is excited about the upcoming opportunity because he believes that this will “make it easier for people to get in and out of litecoin.” Lee ...

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Bithumb Hacked for Over $31 Million USD – Crypto Market Rebounds

Bithumb

The world’s sixth largest cryptocurrency exchange by daily trade volume, Bithumb, has just been hacked for $31 million. This morning the South Korean exchange announced that hackers had stolen close to 35 million Korean won for its system.

[긴급공지] 입출금 서비스 전면 중단 안내
암호화폐 입금을 중단해 주시기 바랍니다. 오늘 새벽 약 350억원 규모의 암호화폐가 탈취당했습니다. 회원님의 자산은 콜드월렛에 안전하게 보관되고 있습니다. 당분간 거래서비스 외 암호화폐 입출금 서비스 제공을 중단합니다. >> https://t.co/GVs8jLyq2I

— 빗썸 (@Bithumb_Korea) June 20, 2018

The tweet above has been translated from Korean to English and says:

...

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Crypto World Cup Day 6: Warren Buffett vs. Andreas Antonopoulos

Warren Bufffett

Day 6 of the Crypto World cup has arrived and one of the biggest crypto bears out there comes with it – Warren Buffett! Does crypto reign supreme today or was Warren able to slash his claws and bring it down? Check out all that and more at the Crypto World Cup!

If you don’t know them all yet, meet the players of our Crypto World Cup.

Check out the results and highlights of today’s games Match 1: Warren Buffett 1-2 Andreas Antonopoulos

Warren Buffett is known in the crypto world as a huge ...

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IBM Partners With Mediaocean on Blockchain Solution for Ad Industry

IBM partners with Mediaocean

IBM partners with Mediaocean: IBM’s technology arm, IBM iX, and the advertising software company Mediaocean have partnered to create a blockchain solution and consortium for the advertising industry.

IBM Partners with Mediaocean: Blockchain Solution

The solution will be using the IBM blockchain and will “[aim] to provide transparency and build trust and accountability in the advertising ecosystem,” allowing advertisers to see where their budget is being used and for what.

Other agencies and companies that will be a part of the consortium include big names such as Kellogg, Kimberly-Clark, Pfizer, Unilever, and IBM Watson ...

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Ethereum Price Watch – ETH/USD Shoots Higher, Reaches Seven-Day High

Ethereum price watch

Ethereum price watch: Ethereum edges higher today.

Key Highlights: Ethereum price moved up by about 5% on Tuesday morning, reaching a seven-day high of $548.80. ETH/USD is currently on a major bullish run to test a resistance at $550. The cryptocurrency market continued its recovery from last week, adding $12 billion in 24 hours. Ethereum Price Watch: ETH/USD Edges Higher, Hits Weekly High

Ethereum price edged higher on Tuesday morning, hitting a weekly high of $548.80. Currently, ETH/USD is in the $530-$540 price range. A major support has been established at the lower band of this ...

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EOS Freezes Seven Accounts: Chaos Ensues

EOS freezes seven accounts

EOS freezes seven accounts as a counter to potential theft, but the action causes some to question the decentralization of the EOS network.

EOS Freezes Seven Accounts

The accounts were frozen after a unanimous vote was held by the 21 elected block producers. The block producers suspected that these accounts may have been holding stolen funds and so decided to take action before anything else could be stolen. However, the decision was met with heavy criticism.

The decision violated the EOS constitution, which requires decisions such as this to be made by arbitration bodies, ...

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