Ripple Invests $750,000 to Bring XRP to Crypto Wallet BRD

Ripple Invests $750,000 to Bring XRP to Crypto Wallet BRD

Mobile wallet provider BRD is partnering with Ripple’s Xpring to boost XRP adoption. The companies announced Friday that Xpring would invest some $750,000 into BRD as part of its efforts to “build the internet of value.” As part of this new “strategic partnership,” BRD will integrate XRP and begin building on Xpring’s developer platform. “The […]

Bank of England Sets Out Rules for Libra Launch in the UK

Bank of England Sets Out Rules for Libra Launch in the UK

The Bank of England has finalized a set of principles the Facebook-led Libra cryptocurrency project must adopt before going live in the UK. Calling the payment network a potentially “systemically important payment system,” the BoE’s Financial Policy Committee released the October Financial Policy and Summary report this week. “The FPC judges that such a system would need […]

Bitcoin Startup Casa Updates Lightning Nodes After Shipping 2,000 in Year 1

Bitcoin Startup Casa Updates Lightning Nodes After Shipping 2,000 in Year 1

Casa, a bitcoin custody provider and manufacturer of hardware nodes for lightning, bitcoin’s scaling layer, is launching a new version of its flagship device. The new node will process transactions faster because of its larger memory unit (4 GB versus the current node’s 1 GB), better processor and new software, Casa CEO Jeremy Welch told […]

It’s Too Soon to Write Off Bakkt, Wall Street Analyst Tells ICE Investors

It’s Too Soon to Write Off Bakkt, Wall Street Analyst Tells ICE Investors

It’s too soon to write off Bakkt, despite the bitcoin futures market’s disappointingly slow start, analysts at Oppenheimer & Co. said. In an Oct. 1 research note, the equity research firm encourages investors to “not get upset” about the lackluster trading volume of Bakkt. For one thing, its parent company, Intercontinental Exchange, has plenty of other […]

Bitcoin Price Sheds $500 Over Day, Drops Below $8,000

Bitcoin Price Sheds $500 Over Day, Drops Below $8,000

Bitcoin bears continue to be firmly in control as the first cryptocurrency’s price tumbled below $8,000 per coin for the second time this week. Beginning at 15:50 UTC, the Bitcoin Price Index capitulated at $8,095, shedding near $200 within a few minutes. Support at $7,900 lasted about one-half-hour before another downward price action sent the BPI around […]

Bakkt’s Slow Start Doesn’t Mean Bitcoin Futures Have Flopped

Bakkt’s Slow Start Doesn’t Mean Bitcoin Futures Have Flopped

It’s a lively time for bitcoin derivatives – or at least for those writing about them. For those trading them, it may be business as usual. The Chicago Mercantile Exchange (CME) announced Friday it is preparing to offer options trades on its bitcoin futures contract. It’s a surprising move, because options volume to date rounds […]

US House Passes Bill for FinCEN to Study Blockchain Use

US House Passes Bill for FinCEN to Study Blockchain Use

Congress wants the Financial Crimes Enforcement Network (FinCEN) to up its internal blockchain game with a new bill to study how the technology could be adapted for law enforcement. On Sept. 19, the House of Representatives passed legislation calling for the financial crimes regulator to study its use of “innovative technologies” — including blockchain. The bill […]

Crypto-Powered IoT Networks Are on Their Way to Over 250 US Cities

Crypto-Powered IoT Networks Are on Their Way to Over 250 US Cities

When internet-of-things (IoT) startup Helium first announced its crypto-mining modems, sales of the devices were limited to users in Austin, Texas. The company quickly sold out of its first production run designated for the Texas capital, but now Heliumis shipping units much more broadly, to 263 cities around the United States, CoinDesk has learned. Of that group, […]

WATCH: Chainlink CEO Talks Data Oracles

WATCH: Chainlink CEO Talks Data Oracles

Chainlink CEO Sergey Nazarov spoke at CoinDesk’s Invest: Asia 2019 conference in Singapore on current products and future developments for the Chainlink platform. A smart contract and API bridging service, Chainlink connects smart contract platforms–like decentralized finance products–to oracles containing real market data and event information. At Invest: Asia, Nazarov said the platform is building up […]