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Bitcoin OTC Service Suspends Trading Citing China Pressure

Bitcoin OTC Service Suspends Trading Citing China Pressure

BitKan, a over-the-counter (OTC) trading service for cryptocurrencies in China, announced today that it will suspend its OTC operations amid growing scrutiny from regulator, a notable development given rumors that OTC markets may be excluded from a possible ban. In the news post, BitKan said that it would suspend the trading service beginning at 12:00 […]

Tor and More: Bitcoin Market OpenBazaar Adds Features in 2.0 Beta Release

Tor and More: Bitcoin Market OpenBazaar Adds Features in 2.0 Beta Release

The team behind the open-source, bitcoin-powered marketplace OpenBazaar has published the beta version of its forthcoming 2.0 release. The launch, announced over the weekend, delivers a number of additions that developers outlined back in February. Among those is an integration with The Onion Router (Tor) network, enabling anonymous access to the marketplace network, as well as […]

Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakout

Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakout

The bitcoin-US dollar exchange rate (BTC/USD) may have climbed back above $4,000, but it might be ready to push higher even though China uncertainty reigns supreme. Following reports the country’s regulators may be seeking to shut down domestic bitcoin exchanges, the bitcoin price fell to a low of $3,977 on the CoinDesk Bitcoin Price Index (BPI) […]

Microsoft Plays Blockchain Matchmaker with Azure Council Creation

Microsoft Plays Blockchain Matchmaker with Azure Council Creation

Microsoft is stepping into a new role as matchmaker in its creation of the Microsoft Azure Blockchain Council. Confirmed in new statements to CoinDesk, the council has been established to better connect those looking for distributed ledger tools with the kinds of companies that can build those tools. Spurred by requests for proposals sent to […]

Scaling Lightning? How Revive Could Boost Bitcoin’s Boldest Scaling Plan

Scaling Lightning? How Revive Could Boost Bitcoin’s Boldest Scaling Plan

Computer scientists from the Swiss university ETH Zürich have found a way to make off-blockchain payment networks even more scalable. At the heart of this work lies bitcoin’s years-old scaling debate, which comes down to the fact that bitcoin and all cryptocurrencies today have limited transaction capacity. To get around this, cryptocurrency protocols have developed payment […]

ICOs: Compelling Advantages, Real Risk

ICOs: Compelling Advantages, Real Risk

Joshua Cook is a corporate and securities partner at business law firm Gunderson Dettmer, where he specializes in the representation of emerging growth companies and private equity investment funds. In this opinion piece, Cook gives his view on developments in the fast-growing blockchain use case, noting the ways the tech augments the traditional fundraising process – […]

Howard Marks Softens Cryptocurrency Stance After ‘Not Real’ Comments

Howard Marks Softens Cryptocurrency Stance After ‘Not Real’ Comments

The Oaktree Capital co-chairman who called cryptocurrencies “not real” in July appears to be rethinking his earlier position. In a new investor note published September 7, Howard Marks revisited the topic he explored earlier this summer, when at the time he dubbed cryptocurrencies “an unfounded fad” that had created a high-risk market bubble. Marks still thinks the cryptocurrency […]

Report Casts Doubt on Future of China’s Bitcoin Exchanges

Report Casts Doubt on Future of China’s Bitcoin Exchanges

Regulators in China are said to be considering a move to close all domestic bitcoin and cryptocurrency exchanges. According to a report from business media Caixin, sources close to China’s internet financial risk rectification work group, have said the decision has not only been reached, but delivered and deployed to local authorities. The work group […]

Wallet Provider Blockchain Partners With Indian Bitcoin Exchange

Wallet Provider Blockchain Partners With Indian Bitcoin Exchange

Blockchain, the provider of the world’s most popular bitcoin wallet, has entered a strategic partnership with Indian cryptocurrency exchange Unocoin. The news means that Unocoin’s exchange services are now directly available within the Blockchain wallet, allowing users to more easily buy and sell bitcoin. Citing the recent growth of digital assets in the Asian country, […]