Crypto News & Blog

ING Bank
ING Bank Want its Clients to Store Crypto 1024 500 Crypto Rand Group

ING Bank Want its Clients to Store Crypto

Major Dutch bank ING is developing technology so that its clients can safely store digital assets like cryptocurrencies, Reuters reports citing sources familiar with the matter. The firm then told reporters it sees “increasing opportunities” surrounding digital assets, both asset-backed and native security tokens. ING noted a focus on providing a compliant way to access…

BitMex Lawsuit
BitMex Facing a $300 Million Lawsuit 1024 500 Crypto Rand Group

BitMex Facing a $300 Million Lawsuit

Major crypto exchange BitMEX and its co-founder and CEO Arthur Hayes just got into another problem. The company and its CEO are now being sued for USD 300 million by Frank Amato, a former JPMorgan Chase commodity derivatives trader, and RGB Coin Ltd., who claim to have been the first seed investor of BitMEX in…

Napoleon Bitcoin Fund
New French Regulated Napoleon Bitcoin Fund 1024 500 Crypto Rand Group

New French Regulated Napoleon Bitcoin Fund

Paris-based asset management firm Napoleon AM announced the launch of a regulated Bitcoin fund, the Napoleon Bitcoin Fund. The company announced in a press release that the fund was created on Nov. 8 and is a specialized professional fund under French law. The company claims that its product is one of the first regulated vehicles…

Twitter Bluesky
Twitter Launching Bluesky, New Social Media Standard 1024 500 Crypto Rand Group

Twitter Launching Bluesky, New Social Media Standard

Twitter has just launched a new project, bluesky, aimed at developing a “decentralized standard for social media.” “Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of…

electronic ID
Blockchain-Powered Electronic ID launching in Shenzen 1024 500 Crypto Rand Group

Blockchain-Powered Electronic ID launching in Shenzen

Per news agency Xinhua and media outlet the Global Times, local authorities in Shenzhen have launched a blockchain-powered electronic ID platform compatible with 24 forms of identification and certification. Residents can access the platform via a mobile app, which operators say is “encrypted, traceable and tamper-proof.” As China gears up for a major blockchain drive,…

First Provider For China
Tencent, First Provider For China’s National Blockchain Consortium 1024 500 Crypto Rand Group

Tencent, First Provider For China’s National Blockchain Consortium

WeBank, a digital bank that makes loans to small businesses and individuals, has become the first technical infrastructure provider for China’s blockchain network.  The Shenzhen-based company will provide the Blockchain-Based Service Network (BSN) with its patented open consortium chain FISCO BCOS, according to a Chinese state media report.  Rather than a single blockchain, the consortium…

on Administrative Leave
LedgerX Founders put on Administrative Leave 1024 500 Crypto Rand Group

LedgerX Founders put on Administrative Leave

LedgerX CEO and COO Paul and Juthica Chou are no longer running the company they founded, Put on administrative leave. A press release Monday announced that the couple had been “placed on administrative leave,” effective immediately, with Larry E. Thompson named as interim CEO and lead director of Ledger Holdings, the derivatives provider’s parent company.…

Collector Coins
Lithuanian Collector Coins: Blockchain and History 1024 500 Crypto Rand Group

Lithuanian Collector Coins: Blockchain and History

According to a press release on Dec. 9, The Bank of Lithuania announced that it will release digital, blockchain-based collector coins in the spring of 2020. The coin is dedicated to the Act of Independence of Lithuania on Feb. 16, 1918, and its 20 signatories. In homage to the year of the act, the coin…

Istanbul Hardfork
Ethereum’s Istanbul Hardfork is a Success 1024 500 Crypto Rand Group

Ethereum’s Istanbul Hardfork is a Success

Hitting at block number 9,069,000, the systemwide upgrade is the network’s third in 2019, following February’s St. Petersburg and Constantinople hard forks. The months-long process culminated at 0:25 UTC on Sunday. Another iteration of Ethereum 1.x, Istanbul is the network’s eighth hard fork overall with the first code changes being approved in June 2019. (Eth…

Crypto is Inevitable
According to Deutsche Bank, Crypto is Inevitable 1024 500 Crypto Rand Group

According to Deutsche Bank, Crypto is Inevitable

The forces that hold the fiat money system together look fragile and, over the next decade, some of these forces could begin to unravel and demand for alternative currencies, from gold to crypto, could take off, German banking giant Deutsche Bank said in its recent report Imagine 2030. Crypto is inevitable. “While critics bemoan cryptocurrencies…

Brave Browser
Brave Browser Doubled its Monthly Active Users in 2019 1024 500 Crypto Rand Group

Brave Browser Doubled its Monthly Active Users in 2019

Privacy-oriented blockchain web browser Brave has seen its monthly active users (MAU) almost double from 5.5 million in 2018 to 10.4 million in 2019. At the same time, Brave’s daily active users (DAU) have tripled over the past year to reach 3.3 million, the firm announced Dec. 5. According to the company, the recent growth…

Promised Jobs
Ugandan Startup Promising jobs, Ends up Stealing Employees 1024 500 Crypto Rand Group

Ugandan Startup Promising jobs, Ends up Stealing Employees

A number of Ugandan citizens have been left in the lurch after being promised jobs at a cryptocurrency startup that’s gone dark. Independent Ugandan newspaper Daily Monitor reports that dozens of people in the Masaka District have been fleeced of their own money and employment after falling for the promises of bogus cryptocurrency business. According…

Bitcoin more than a Year
Holders are no Joke. 64% of Total Bitcoin Didn’t Move in more than a Year 1024 500 Crypto Rand Group

Holders are no Joke. 64% of Total Bitcoin Didn’t Move in more than a Year

Over 60% of the total Bitcoin in circulation has not left its wallet in more than a year, highlighting demand among investors.  That was the conclusion of analyst Rhythm, who uploaded statistics about Bitcoin network activity on Dec. 2.  BTC investors shun risk and short-term gains Of the roughly 18.08 million Bitcoins which have been…

justin sun
Justin Sun Kicking Digibyte from Poloniex 1024 500 Crypto Rand Group

Justin Sun Kicking Digibyte from Poloniex

U.S.-based crypto exchange Poloniex, recently acquired by Justin Sun, CEO of Tron , among other investors, announced it will delist DigiByte hours after the founder of DigiByte, Jared Tate, criticized both Tron and Poloniex. “BTW, after careful review, we decided #DigiByte is not qualified for our listing standard. We will delist $DGB soon. Details to…

helping sexual assault survivors
This App is Helping Sexual Assault Survivors Using Blockchain 1024 500 Crypto Rand Group

This App is Helping Sexual Assault Survivors Using Blockchain

When many think of blockchain, they think of cryptocurrencies. But as one of the most exciting new fields of emerging technology, there’s an incredibly wide array of use cases for blockchain — as well as many empty promises and scams. When it comes to combating the age-old problem of how to prevent sexual assault, it’s…