BitGo adds support for 11 more tokens in carrot for lucrative institutional investors

BitGo, a blockchain security services startup, has added support for 11 more Ethereum-based tokens, making the market that bit more attractive for hugely lucrative institutional investments where custodianship is the final barrier to entry. The update brings the total number of tokens it supports up to 68, according to a press release provided exclusively to The Block, as it looks to realise a goal of 100 by year-end. BitGo became a specialist in managing wallets at cryptocurrency...

Why the crypto industry is still dominated by ‘scrappy startups’ not big institutions

The crypto industry thus far has been largely populated by scrappy startups rather than by large institutions due to a number of roadblocks that have held the big players back. But the crypto world will not be able to get to the next level of development without institutional investors and their massive amounts of capital. It’s time to address these barriers and create an infrastructure and climate that will allow the crypto space to go mainstream and live up to its true potential for all...

Coinbase partners with WeGift, enables real-world crypto spending with leading brands

Coinbase, a leading global cryptocurrency exchange and wallet, has today (July 25) announced that customers will be able to spend their balances of Bitcoin, Ethereum and Litecoin on e-gift cards, available to use with over 120 retailers. Some of the affiliated retailers now accepting e-gift card payments include Nike, Uber, Tesco, Amazon, John Lewis, Google Play and Zalando, with more brands to tipped to join in the coming months. The announcement comes following a partnership with...

eToro analyst heralds Cardano as ‘next phase’ of Ethereum

The world’s largest social investing platform eToro has heralded the public blockchain Cardano as the potential “next phase” of Ethereum. The assertion by eToro’s senior analyst Mati Greenspan came as part of a market research report on the network created by Ethereum co-founder Charles Hoskinson, which concludes that Cardano is a “highly-advanced and extremely scalable” network, offering the infrastructure for decentralised applications (dapps) to run quickly and securely....

Coinbase ‘exploring’ five new crypto assets including Cardano and Zcash

Coinbase has announced it is 'exploring' five new cryptocurrency assets with the intention of adding them to its service. The five assets - Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX) - were noted as being interesting to Coinbase for a variety of reasons. In the case of Cardano, its growing community and the shipping of its software were noted, while openness were key in the case of Stellar Lumens and 0x. The announcement is not confirmation...

The importance for Chinese companies of exploring blockchain initiatives outside China

China is a fascinating market for blockchain technologies. While the country has banned cryptocurrencies, innovation in the market remains strong. According to the People's Bank of China (PBC) - as reported by Ethereum World News - the crackdown on crypto has all but eradicated cryptocurrency trading in China. Yet data from Thomson Reuters showed China was the most active filer of blockchain applications over the past year. Unlike cryptocurrencies, the Chinese government is actively...

HTC seeks to corner mobile dapp market with Q3 smartphone launch

Having announced the “world’s first blockchain smartphone” earlier this year, technical details were rather on the scant side, but yesterday HTC at least shed some light on a possible launch date for ‘The Exodus’ and the markets it’s looking to corner. Having seen its headcount drop by roughly 75% in the last five years, the Taiwanese electronics manufacturer’s blockchain play sounds a bit of ditch effort to get out of a deep rut, but the use-cases it’s focusing on sound...

Bancor exchange loses $13.5m as latest victim of cryptocurrency hack

In yet another demonstration of security shortfalls among the cryptocurrency market’s largest members, Israeli-based exchange Bancor has last night lost $23.5m (£17.8m) to a cyber attack. Announcing it as a security breach, Bancor later explained that hackers had targeted a compromised wallet used to upgrade certain smart contracts on the network, which allowed them to withdraw almost 25,000 ethereum tokens. The company operates as a “decentralised liquidity network” where...

eToro: On trust and helping cryptocurrencies become more of a ‘medium of exchange’

It has been an interesting past few weeks for brokering firm eToro. The company has added Cardano to its trading network – making it the 11th cryptocurrency on its platform – as well as announcing plans to open a new over the counter (OTC) cryptocurrency trading desk in London. For a company which started life in 2006 as RetailFX, it is fair to say that while crypto was not the founding principle, it quickly gained importance. CEO Yoni Assia was an early adopter, and according to eToro...

Why cryptocurrencies will still prosper – with or without the help of banks

For many years, bitcoin and other cryptocurrencies remained a fringe movement, generally unknown to those outside the immediate community. In 2010, a year after its invention, one bitcoin was never worth more than $0.50, but the unprecedented attention that cryptocurrencies and blockchain have received in the last two years has led to sharp price spikes, forcing ordinary consumers, businesses and institutions across a wide range of industries to sit up and take notice. Not all of the...