Blockchain.com reaches $1 trillion in transactions

Blockchain Vector

Blockchain.com, the cryptocurrency financial services company, has surpassed $1 trillion (£730 billion) in transactions on its platform.

An early player in the digital asset space, Blockchain.com began as the first Bitcoin blockchain explorer in 2011, having since become a major global provider of wallet and exchange services.

A fifth of this trillion dollar milestone, that is to say $200 million (£146m), was transacted in the past six months alone, highlighting the...

Avalanche rakes in £167m of funding led by Polychain

Avalanche

Avalanche, a proof-of-stake and smart-contract enabled cryptocurrency, has received £167 million in funding through a private sale led by Polychain and Three Arrows Capital.

R/Crypto Fund, Dragonfly and CMS Holdings also invested substantially by buying up the company’s native AVAX token.

Avalanche is an ultra-fast and eco-friendly blockchain protocol with a growing ecosystem of decentralised finance (DeFi) products.

Avalanche has experienced monumental...

Advertising campaign launched to highlight cryptocurrency investment risk

A view of Edinburgh.

UK-based money app Ziglu, which offers people access to a range of cryptocurrencies such as Bitcoin and Ethereum, has launched a new advertising  campaign in Edinburgh with the slogan ‘Scotland, Your Capital is at Risk’.  

It will appear in more than 200 outdoor locations and will run until September 5, 2021. As more people start to invest in cryptocurrencies for the first time and the sector becomes more mainstream, Ziglu has launched its campaign to highlight how...

Cardano’s ADA token becomes third largest cryptocurrency

Cardano ADA Token

ADA, Cardano’s native token, has surpassed stablecoin Tether to become the third largest cryptocurrency based on market cap.

According to cryptocurrency tracker CoinGecko, the ADA token now has a market cap of $64.9 billion (£47.2bn) compared to recently overtaken Tether which sits just shy at $64.6 bn (£46.9bn).

Perhaps more notably, the Cardano coin has a seven day growth rate of 20.8%, putting it leaps and bounds ahead of Tether’s 0.7% growth or top dog...

Amazon looking to hire digital currency and blockchain expert

Amazon office

A new Amazon job posting for a “digital currency and blockchain product lead” further solidifies speculation that the e-commerce giant is planning to bring its payments system into the crypto age.

The position, based at Amazon’s headquarters in Seattle, will be part of the company’s payments acceptance and experience team.

The job posting, which calls for “an experienced product leader to develop Amazon’s digital currency and blockchain strategy and product...

Digital-only cryptocurrency artwork predicted to sell for £200,000+

The Crypto Train artwork.

A digital artwork that only exists as a high-resolution file is expected to surpass its reservation price of £120,000 when its auction by Thomas Crown Art is completed.

‘The Crypto Train’ by British artist Adrian Chesterman is said to showcase the parallel between traditional money and cryptocurrencies like Bitcoin.

NFTs are digital collectibles that are encoded onto a blockchain - the same technology on which cryptocurrencies run - creating a unique digital...

ShapeShift to decentralise entire company, begins with record airdrop

ShapeShift, a leading global cryptocurrency management platform, has begun dismantling its corporate structure to decentralise governance to its customers through its FOX token.

The process was initiated with 340 million FOX tokens being granted to more than a million recipients, making it the largest crypto airdrop in history. Current and past ShapeShift users, KeepKey hardware wallet owners, and users of other DeFi protocols all received tokens.

ShapeShift’s decision...

UK police seize £114 million of cryptocurrency

A police sign.

Scotland Yard detectives have arrested a woman accused of money laundering, and have seized £114 million of cryptocurrency.

It is thought to be one of the largest seizures of cryptocurrency in the world.

The 39-year-old woman, dubbed ‘moneybags’, was arrested at an address in London and taken into custody at a London police station. She has since been bailed to a date in late July.

The cryptocurrency was captured as part of an ongoing money laundering...

Crypto mining firm HIVE confirms NASDAQ listing

A coal mine shaft.

HIVE Blockchain Technologies has received approval from the Nasdaq Stock Market to list its common shares on the Nasdaq's Capital Markets Exchange. 

HIVE went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy. The company will retain its listing on the Toronto Stock Venture Exchange (TSX.V).

HIVE describes itself as a growth-oriented company in an emergent industry. 

A spokesperson for the company said: “We...

Christie’s to become Europe’s first auctioneer to accept cryptocurrency payment

An auction hammer.

Christie’s is due to become the first major auction house in Europe to offer a work with the option for the buyer to pay their payment, including Buyer’s Premium, in cryptocurrency. 

The June 30 sale of Keith Haring’s Untitled (1984, estimate: £3.9m-£4.5m) will also mark the first time that a tangible work of art is being offered in Europe by an auction house with the option to pay in cryptocurrency. 

Originally owned by the celebrated German gallerist...