Monthly Archives: October 2018

Binance Signs Up 40,000 Crypto Traders in Its First Week in Uganda

Despite global market doldrums, demand for cryptocurrency appears to be booming across Uganda, a country where nearly three out of four people don’t have bank accounts. Revealed exclusively to CoinDesk, Binance Uganda signed up 40,000 users in the first week since the world’s largest crypto exchange launched its local subsidiary in October. The early results… Read More »

Sia Completes Hard Fork as Bricked Miners Form Rival Blockchain

The distributed cloud storage blockchain network Sia has successfully completed a planned hard fork, changing its consensus rules in a way that prevents some specialized hardware from mining on the network. “All is working normally now,” David Vorick, co-founder and CEO of Nebulous, the for-profit company behind the Sia network, told CoinDesk on Thursday. The… Read More »

Tether Produces Letter Vouching for Dollar Deposits, But Bank Hedges

Stablecoin issuer Tether Limited confirmed Thursday it was banking with Bahamas-based Deltec Bank and Trust Limited and published a letter purportedly from the institution as evidence of its reserves. The company, which issues the controversial tether (USDT) stablecoin, has long been under fire over concerns that it does not have the fiat holdings to fully… Read More »

New York Awards First-Ever BitLicense to Bitcoin ATM Company

Bitcoin teller machine (BTM) operator Coinsource has just become the 12th crypto company to receive a license from the New York State Department of Financial Services (NYDFS). The firm announced approval of the so-called BitLicense on Thursday, with the firm’s general counsel Arnold Spencer noting that it was the first granted to a bitcoin ATM… Read More »

Bithumb, SeriesOne to Launch Security Token Exchange in the US

South Korean crypto exchange Bithumb has teamed up with crowdfunding platform seriesOne to launch a compliant security token exchange in the U.S. The joint venture was revealed in a press release from seriesOne shared with CoinDesk on Thursday, which adds that the exchange launch is still subject to regulatory approvals from the U.S. Securities and… Read More »

Bitcoin Price May Break Three-Month Losing Streak in November

Bitcoin ended October on a weak note, confirming its first three-month losing streak since 2015, but things may be looking up for November. The leading cryptocurrency closed yesterday at $6,320 – down 4.32 percent from the Oct. 1 opening price of $6,606, according to CoinDesk’s Bitcoin Price Index (BPI). Over August and September, prices had… Read More »

Coinbase’s Emilie Choi: $300 Million Raise Was ‘For a Rainy Day’

With its latest funding round, Coinbase, the cryptocurrency exchange turned Silicon Valley unicorn, is amassing a “war chest” for a “rainy day.” At least, that’s how Coinbase’s vice president of corporate and business development, Emilie Choi, described the $300 million the company recently raised in a Series E round with investors such as Tiger Global… Read More »