‘Crypto Bank’ Silvergate Files for $50 Million IPO

California-based financial institution Silvergate Capital, the parent company of Silvergate Bank, is preparing to go public to raise $50 million in an initial public offering (IPO), according to documents filed with the US Securities and Exchange Commission (SEC). The bank has applied to list its shares on the New York Stock Exchange (NYSE) under the […]

Telegram’s $1.7 Billion Cryptocurrency is 70% Complete: Report

An investor update from September pegged completion of the Telegram Open Network — the social media giant’s long-anticipated cryptocurrency project — at 70 percent. Perhaps the most notable element of the report, which was leaked on LinkedIn and had not previously been publicly available, is that the virtual machine (similar in nature to the Ethereum […]

VC Investor Outlines 3 Major Factors Behind $65 Billion Crypto Market Wipeout

Chris Burniske, a Placeholder Management partner, said that the US stock market retracement, sell-off of Ethereum, and the Bitcoin Cash hard fork were the three major factors behind the recent crypto wipeout. In the past seven days, more than $65 billion has been deleted from the cryptocurrency market as every major cryptocurrency including Bitcoin (BTC), […]

No, Jamie Dimon and Warren Buffett Won’t Have the Last Laugh on Bitcoin

In a bizarrely self-congratulatory article about Bitcoin and its recent price plunge, a Bloomberg journalist has attempted to discredit practically every aspect of the planet’s number one digital currency based on its 2018 price performance alone. Bitcoin Might Be Down But It’s Certainly Not Out If there’s one thing you can rely on, it’s a […]

A Bug Making Ethereum Transactions on Exchanges Vulnerable Has Been Fixed

A bug centering around a new Ethereum token, GasToken, which was enabling abuse on cryptocurrency exchanges, appears to have been resolved. The details are provided in a report originally published on November 13, 2018, that discussed how the bug was exploited by attackers, and what digital platforms could do if they wished to protect their […]

BitPay Integrates PAX Stablecoin Into Cryptocurrency Payment Platform

Bitcoin payment platform BitPay is now going to allow payments with the Paxos Standard token (PAX), which it calls “the fastest growing stablecoin and the highest trading volume of any U.S. dollar-backed stablecoin.” Although BitPay has previously integrated a number of different cryptocurrencies in its platform, such a widely trafficked stablecoin (the first of its […]

Top 5 CPA Firm Confirms Funds in First Attestation of Circle’s USDC

Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order. The attestation was performed by Grant Thornton LLP, one of the largest accounting firms in the U.S. and is the first of what is to […]