The Biggest US Automaker Turns to Blockchain to Help Save Millions in Identity Theft

General Motors Financial has partnered with blockchain company Spring Labs to help reduce identity theft. It’s a move that could potentially save the car maker millions of dollars in fraud costs. As CCN previously reported, 95% of carmakers expect to use blockchain technology in the next three years, but General Motors is leading the pack. […]

Bitcoin Price Watch: BTC Buyers Eye Next Crucial Bullish Break

Bitcoin price dived with bearish moves and retested the key $3,540 support area against the US Dollar. There is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break above the channel resistance and $3,600 could spark more upsides in the […]

Crypto Market at Key Turning Point: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

The total crypto market cap seems to be struggling near the $118.0B and $119.0B resistances. EOS price started a downside correction and declined below the $2.85 support level. Binance Coin (BNB) is performing nicely and it is currently up around 2.5% to $9.20. Bitcoin cash price is currently consolidating above the $122 support level. Tron […]

Bitcoin Price Analysis: After Sudden Upswing, Bitcoin Price Drifts Downward

Last week, we saw a violent move to the upside as bitcoin rallied 11% over the course of one day. Since peaking in the upper $3,600s, bitcoin has seen close to zero bullish follow-through, and the price has begun to drift downward over the course of the last week: Figure 1: BTC-USD, Hourly Candles, Downward […]

Judge Delays Decision to Appoint Legal Counsel for QuadrigaCX Creditors

A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation. By the end of the hearing, the presiding judge wouldn’t make a decision on which firm would play counsel for QuadrigaCX’s clients, though […]

Chainalysis Raises $30 Million in Series B Funding From Accel Ventures

Blockchain analysis firm Chainalysis has completed a $30 million Series B round led by American VC firm Accel and Benchmark, who led the startup’s Series A funding in April 2018. Accel partner Philippe Botteri will also join the firm’s board of directors. The fund injection will be used to expand the startup’s operations including its […]

Freelancers on Traditional Platforms Will Now Invoice in Bitcoin Via Bitwage

In the current freelancing industry, many platforms only allow independent contractors to use one bank account. In addition to restricting freelancers to the use of fiat only, this can also cause significant lag times when employees work with companies overseas. To try and solve these user problems, payroll and invoicing company Bitwage is introducing a […]

Report: Crypto Exchanges Saw Trading Volumes Plummet in January

The crypto winter that started toward the end of last year doesn’t appear to be showing signs of slowing down. Digital assets like bitcoin lost more than 80 percent of their value while the overall crypto market cap shrunk from over $600 billion in January 2018 to less than $138 billion in December 2018. Now, […]

Fairfax County Pension Funds Invested $21 Million in Blockchain Technology

Fairfax county of the United States state of Virginia, has invested $21 million in Morgan Creek Blockchain Opportunities Fund, according to an official note published on Feb. 13. Jeff Weiler, Executive Director at Fairfax County Retirement Systems, clarified the terms of recent investments in Morgan Creek Digital that reportedly amounted to $40 million. The statement’s […]

Judge Delays Decision On Legal Representation for Quadriga Creditors

A Canadian judge declined to name any law firms to represent as many as 115,000 users of QuadrigaCX, deferring that significant decision by a week. Nova Scotia Supreme Court Judge Michael Wood said during a hearing Thursday that he would not appoint any firms as representative counsel or make any other decisions regarding creditor representation […]