Cryptocurrency News

The venture capital firm Snapchat called Lightspeed wants to up the ante of its investments in the crypto market. Spearheaded by Aaron Batalion, a partner at the said VC, he is responsible for boosting the firm’s investment. And he does this by exploring three methods: carving out a portion of an existing fund, launching a brand new project, and setting up a new fund.

Monex Inc., the firm that bought the Japanese cryptocurrency exchange Coincheck, announced that it plans to expand the exchange’s operations to the US and Europe.

UK-based green energy startup, Verv, is partnering with the data sharing protocol, Ocean Protocol to create a data marketplace in which consumers can share their energy usage data in return for savings on their energy bills.

One of the biggest newsmakers has been Jack Dorsey’s interview during the Consensus 2018 conference earlier this week. In his interview, the Chief Executive Officer of Twitter and Square Inc. said he shared other cryptocurrency enthusiasts’ vision about virtual currencies becoming a legitimate method of global payment and also becoming the native currency of the internet.

America’s leading cryptocurrency wallet provider and cryptocurrency exchange Coinbase is wooing Wall Street investors with the launch of its new suite of products. The exchange service announced this on its official blog on May 15.

Thailand is now the second country after Japan to implement cryptocurrency regulations, essentially recognizing digital currencies as an asset. Thankfully, Thailand, like Japan, has taken a more progressive approach towards cryptocurrencies and Blockchain technology as a whole, believing regulation and structure is the key to managing the nascent industry, rather than banning it outright.

Multiple South Korean media outlets have reported that the country’s biggest cryptocurrency exchange Upbit is being investigated by the Financial Supervisory Service (FSS) for suspected fraud. According to the reports, there are anomalies with regard to the exchange’s liquidity as well as trading volume.

The Indian Supreme Court refused to grant petitioners an interim injunction against the country’s central bank, Reserve Bank of India’s (RBI’s) announcement which banned banking services firms from dealing with and in cryptocurrencies. This news was posted on Twitter on May 11 by Crypto Kanoon, a team of lawyers in India who are engaged in the analysis of cryptocurrency regulations and creating legal awareness about the industry.

Shark Tank South Africa star and entrepreneur Vinny Lingham founded his own startup called Civic in 2016, and this company is now launching a really innovative product to demonstrate how Blockchain technology can be harnessed for the KYC process. KYC, or, Know Your Customer, is a critical part of any customer verification or identification process.

According to a study released by Wall Street research and strategy company Fundstrat Global Advisors, the price of Bitcoin could go up to $36,000 towards the end of 2019. In fact, the firm gave a price range increase of $20,000 to as high as $64,000 by the end of next year.