Dispute over Bitcoin Account Led to Connecticut Home Invasion

Two women have been arrested in connection with a March home invasion in Killingly, CT, where victims were not only robbed but also allegedly pistol-whipped and attacked with an electric cattle prod. The incident, police said, was the tragic culmination of a dispute involving a bitcoin account. Incident Details Apparently, the home invasion occurred because …

Millions of Dollars Distributed for Ethereum Development in its Wave IV of Grants Program

The Ethereum team has always been a staunch proponent of innovation and development. The Wave IV of the Ethereum Foundation Grants Program saw the distribution of millions of dollars to promising projects contributing to the Ethereum development, as revealed in an official Ethereum blog. In all, 20 projects have been granted funds under different sub-categories …

Fidelity Just Removed ‘Huge Obstacle’ to Investing in Cryptocurrencies

Here is why the cryptocurrency space was largely “impressed” by Fidelity Investments announcing it will offer its 27 million customers a way to store and trade digital currencies.  Fidelity Unveils ‘Fidelity Digital Assets’ Currently, Fidelity manages $7.2 trillion dollars, making it the fourth largest asset manager in the world. It is the leader in the United States …

What Led World’s Largest Brokerage to Integrate Crypto Within a Year?

In late 2017, Fidelity, one of the largest brokerages and asset managers with 7.2 trillion in assets under management as of October 2018, launched its first crypto initiative. By partnering with Coinbase, the biggest crypto-to-fiat exchange in the global market, Fidelity enabled its clients to track investments in major cryptocurrencies like Bitcoin and Ethereum through …

Crypto Market Stabilizes as Tether Recovers, Real Bitcoin Price at $6,450

The crypto market has stabilized after a wild 24-hour period triggered by the sudden increase in the price of Bitcoin. On cryptocurrency-only and Tether-integrated exchanges like OKEx, Huobi, and Bitfinex, the price of Bitcoin exceeded $7,700, as the value of Tether (USDT), which is supposed to be pegged to that of the US dollar on …

Bakkt Continues Talks with Crypto Regulators, Adds Key Executive to the Team

A veteran and early employee of Coinbase is switching teams, moving to the up-and-coming cryptocurrency exchange platform, Bakkt. Adam White will be joining Bakkt as the exchange’s Chief Operating Officer, helping the platform to develop as it prepares for its imminent launch. Many investors and analysts see Bakkt as being cryptocurrency industry’s next big platform …

Singapore-based Blockchain Consortium Buys Majority Share in Bithumb

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet. BK Global Consortium is a blockchain investment firm under BK Global, a Singapore plastic surgery medical group owned by Kim Byung-Gun. The Consortium had …

AARP Tells Retirees that Bitcoin is Mainly Used by ‘Bunch of Criminals’

The American Association of Retired Persons (AARP) has ascribed a bizarre definition to bitcoin in a caustically worded article on its website published on Wednesday, Oct. 10. In the slideshow post titled “Improve Your Financial Literacy With This Glossary,” a heavy dose of contempt is specifically reserved for the description of bitcoin and blockchain in …