Cryptocurrency News

In the latest crypto news, Bitfinex has revealed its decision to put a temporary hold on several customer accounts.” This hold is expected to significantly impact fiat deposits, all of which specifically involve GBP, EUR, JPY, and USD.

The co-founder of Apple Inc. and technology innovator, Steve Wozniak has been announced as the co-founder of EQUI Global, a company that is being touted as a disruptor of the venture capital industry.

The financial services giant, MasterCard’s application for a new patent was granted. The new patent describes a way to partition Blockchains so that the network can store multiple types of transactions and formats.

In what appears to be a shocking development, web 3.0 developer Blackstock has announced a decentralization plan for its own structure. It would instead aim to develop a number of entities that will collectively come up with a much wider distributed network. The firm revealed the said plan on Friday, with more information expected to surface in the following days.

According to an official Medium blog post published on Friday, October 12, the American cryptocurrency exchange owned by the Winklevoss twins, Gemini, has been given regulatory approval to list Litecoin on its platform for custody and trading purposes.

The world’s fourth biggest cryptocurrency exchange in terms of trading volume, Bitfinex, has reportedly suspended fiat deposits for the time being.

According to a recent report from the American cyber security firm CipherTrace, the losses caused by the hacking of cryptocurrency exchanges globally have reached almost $1 billion so far this year. This number is already 250% higher than the total losses suffered due cryptocurrency exchanges being hacked in 2017.

Forbes, the 100-year-old international business media giant, announced that it has partnered with Civil, the Blockchain based journalism platform, becoming the first major media company to experiment with publishing content on a Blockchain platform. Civil’s co-founder Matt Coolidge also confirmed this new partnership and called it a “major milestone” for Blockchain powered journalism.

The American technology giant International Business Machines Corporation – more popularly known as IBM Corp. – has officially launched a new Blockchain based food tracking platform called Food Trust.

Venezuela has finally officially launched its cryptocurrency called El Petro. According to the country’s President Nicolas Maduro, the Petro is the first ever cryptocurrency that is state backed and mineral-reserves-backed.