A group of investors filed a lawsuit in the Supreme Court of New York on the cryptocurrency exchange Huobi, its US division of HBUS and on the ICO-startup Elastos, reports Cryptobriefing. The reason for the suit was the alleged violation of securities laws. In particular, the main plaintiff Mark Owen is sure that the initial offer of the Elastos project coins, which took place last year, violates Section 5 of the Law on Valuable […]
Author: BlockchainJournal
application. The Spend mobile app now allows crypto users to buy, sell and pay with Litecoin at more than 40 million points. The Spend platform works in such a way that allows mobile users to access a multi-currency digital wallet on their smartphone by connecting to a bank account. In addition, users can store and spend their Litecoin with a Spend Visa card, which instantly converts cryptocurrency to fiat money. By connecting to the Visa application, Litecoin opens up access to digital assets in millions of different locations around the world. Spend.com reported on their Twitter account: Litecoin is…
Morgan Creek Digital, an institutional digital asset manager , said it had attracted the first investments from US state pension funds in the cryptocurrency industry. According to Bloomberg, citing the company's founder Anthony Pompliano, two Fairfax County (Virginia) retirement plans have become the anchor investors of the new venture capital fund Morgan Creek Blockchain Opportunities Fund, which is focused on digital assets. The total amount of funds raised amounted to $ 40 million, and in addition to the Fairfax County Police and Fairfax County Employees Pension Plans, the insurance company, university and private funds became investors. Pompiano refused to provide…
According to Forbes, in 2018 in the cryptoindustry there were mergers and acquisitions (M & A) totaling $ 559 million. The largest transactions of last year were the acquisition by Circle startup Poloniex for $ 400 million, and the purchase by Coinbase of the Earn project for $ 120 million. Also , the largest US cryptocurrency company acquired analytical services for $ 14.8 million […]
The founder of Galaxy Digital, Mike Novograz, in a conversation with Bloomberg, expressed the opinion that in March of this year, custodial solutions for cryptocurrency will start to run, which will pave the way for institutional money. “All the necessary architecture is being created so that the institutions feel comfortable,” Novograz noted. He stressed that at the beginning of spring, signs of the emergence of “smart money” will be visible on the market. According to him […]
Officials promise that the project will be launched before the end of spring, but its development has not yet begun. Moscow authorities will launch a blockchain platform for entrepreneurs who are developing innovative products by the end of May. TASS was told about this by the head of the Department for Innovative Development of the Moscow Government, Alexey Fursin. The platform based on a distributed registry will allow entrepreneurs to register in the program of support for innovative companies, find partners among state-owned companies and departments, as well as receive grants from the government of Moscow. At the same time…
According to CoinDesk analyst Omkar Godboul, if the price of the first cryptocurrency overcomes $ 3,730, then the next resistance level will be $ 4,130. Now the main obstacle that is already the fifth day impeding the price movement is the 50-day moving average (MA). It represents a powerful dynamic resistance, due to which the bullish pattern “Descending wedge” did not work so effectively. A convincing breakdown can bring a lot of joy to buyers […]
From February 25, the Nasdaq Stock Exchange will begin to display Bitcoin and Ethereum quotes provided by Brave New Coin. This is stated in the official statement of the exchange. With the help of the Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) indices, users can find out in real time about the state of the cryptocurrency spot market. Quotes will be transferred in US dollars and calculated in […]
The Japanese financial corporation Mitsubishi UFJ Financial Group (MUFG) and the American content delivery system Akamai are working to create a blockchain-based Global Open Network payment system. This is stated in the official press release. Partners hope that the new platform will "significantly reduce transaction costs for all types of payment services and will significantly increase the number of processed transactions." Promote the project MUFG […]
discovered in the Constantinople update for the Ethereum blockchain The Ethereum development team (ETH) has announced the discovery of a new vulnerability in the fork code Constantinople, which is scheduled for February 27. The detected error can create risks for the self-destruction of smart contracts . User funds can be stolen after the Create2 function replaces the liquidated smart contract and changes the functioning mechanism. Initially, the software update network broadcast was to be held in January. However, due to the discovery of a critical vulnerability in the hard forks code, it was decided to postpone the update to February…
