Deloitte Blockchain Chief: Bad Crypto Headlines Making Clients ‘Nervous’

  “Can we stop talking about my bad brother?” That’s how Linda Pawczuk, leader of Deloitte Consulting’s financial services industry blockchain group, describes the conversations she often has these days with executives and board members of client companies. Pawczuk’s team is squarely focused on helping decades-old, global enterprises figure out how to use distributed ledger technology (DLT) to transform their paper-based business processes for a digital age. But recently, she said, these clients have been asking about the wilder side of blockchain they’ve read about in the news: the initial…

Coinbase Adds Privacy-Centric Crypto Zcash to Pro Trading Exchange

  Crypto exchange Coinbase Pro is adding privacy coin zcash to its listings. The platform announced Thursday that customers can transfer zcash into its professional trading platform, though as with previous additions, users can not yet purchase the token until the exchange has established enough liquidity. Deposits will be accepted for at least 12 hours after the announcement at 18:00 UTC. When trading is enabled, only Coinbase Pro users in most of the U.S., UK, European Union, Canada, Singapore and Australia will be able to access the coin. New York…

Coinbase Quietly Opened Its OTC Crypto Trading Desk This Month

U.S.-based cryptocurrency exchange Coinbase opened its over-the-counter (OTC) crypto trading desk earlier this month. In an interview with news source Cheddar on Tuesday, Coinbase head of sales Christine Sandler said that the firm launched the OTC desk as a complement to its exchange business because institutions are using OTC as an “on-ramp for crypto trading” In an OTC transaction, a trade takes place between two parties directly, unlike on an exchange where orders are matched between third-party buyers and sellers. “We felt this was a huge benefit to our clients…

Crypto Reckoning? Industry Vets Strike Humble Tone in San Francisco

  Many at San Francisco Blockchain Week 2018 are warily reflecting on the lessons of the 2017 token sale boom, the pride that came before this current bear market fall. Veteran investor and AngelList co-founder Naval Ravikant told conference goers on Monday the last “hype cycle” was a “coming of age” for many cryptocurrencies such as ethereum, the second largest crypto by market cap. “We almost got Wall Street completely involved, but we didn’t quite get there,” Ravikant said, adding that although some of the world’s leading financial institutions are…

Global AML Watchdog to Release Crypto Regulations By Next June

A global money-laundering watchdog has said it will begin publishing rules for international cryptocurrency regulation by next summer. According to a Reuters report Friday, the Financial Action Task Force (FATF) – the France-based intergovernmental body founded in 1989 to develop policies for tackling money laundering – said that global jurisdictions will have to bring into force licensing schemes or regulations for crypto exchanges and possibly digital wallet providers under the new rules. Companies offering financial services for initial coin offerings will also be included, the report states. The news comes after the FATF plenary…

VOIP Pioneer Says New Startup Is Paying Users Interest on Millions in Crypto

  Celsius, a cryptocurrency lending startup, says it’s paying thousands of users interest for depositing bitcoin and ether with its wallet app. Revealed exclusively to CoinDesk, Celsius claims to have garnered more than 10,000 users since the soft launch of its mobile app on June 29, with an average deposit of 0.5 bitcoin or 5.5 ether earning up to 6.7 percent on an annualized basis. The interest comes from income Celsius makes lending fiat and crypto, much of the latter to hedge funds that want to short, or bet against,…

Facebook Bans Bitcoin Crypto Ads and ICO’s

Cryprocurrency ads   Facebook has now cracked down on cryptocurrency ads from Bitcoin and other ICO’s. Facebook says this is done, as a safety measure to project their viewers. How’s it going this is Candace Falcone buzz for those that don’t know me I am one of the broadcasters on our podcast was just now listed on iTunes we just uploaded episode 4 a few days ago so take a listen and after the video if you have any suggestions for any upcoming segments we can feature on the podcast let…

Indian Crypto Exchange Zebpay Halts Trading Over Banking Ban

Zebpay, once the largest cryptocurrency exchange by trading volume in India, has announced it is halting its trading service later today. Giving only several hours’ notice, the Ahmedabad-based company said in a tweet that, from 16:00 local time (10:30 UTC) on Friday, it will halt its exchange service and cancel all unexecuted orders, crediting the funds to customers’ wallets. “No new orders will be accepted,” the exchange said. In a blog post published today, Zebpay further explained the decision directly results from the ban issued by India’s central bank earlier this…

The Crowd Machine Crypto Token Theft: What We Know So Far

Just a few days ago, Crowd Machine was working to build a crypto replacement for Amazon Web Services. Today, it is facing questions about its survival. On Saturday, according to a post by the Crowd Machine team, a hacker compromised the company’s cryptocurrency wallet and stole a large number of the application’s native Crowd Machine Compute Tokens (CMCT). Digging further, according to Etherscan, the thief appears to have made off with over 1 billion CMCT, most of which were then transferred to exchanges. The price of the tokens fell steeply…

Did the Mt. Gox Trustee Bitcoin Sell-Off Cause the Crypto Market to Crash?

On September 25, the Mt. Gox trustee released a document entitled “Announcement on Measures to Secure Interests of Bankruptcy Creditors,” disclosing the sale of over $230 million worth of crypto including Bitcoin and Bitcoin Cash. While it still remains unsure whether the decline in the price of BTC and the valuation of the crypto market was triggered by the sell-off of Bitcoin and bitcoin Cash by the Mt. Gox trustee, the recent correction of the market coincided with the release of the document. Since March, within a period of six…