Latest News and Updates
China’s peer-to-peer (P2P) lending giant Lufax announced today that it has developed and successfully integrated its new blockchain solution to better verify user identity and track transactions between borrowers and lenders.
Swiss Blockchain Hackathon in June Includes Partnerships With PwC, Amazon Web Services
01.03.2019 13:37Switzerland will host the Swiss Blockchain Hackathon later this year in a bid to help companies find real-life applications of blockchain technology
HTC Will Accept Fiat Currency for Exodus Crypto Smartphone
28.02.2019 17:40Taiwanese mobile phone giant HTC has announced that it will begin accepting fiat payments for its Exodus 1 crypto-enabled model.
The Main Benefits of Centralized Exchanges
28.02.2019 15:53The two biggest groups of cryptocurrency exchanges are centralized exchanges (like BTCBIT.net) and decentralized exchanges (like EtherDelta, Bibox etc.). A decentralized exchange (or a “DEX”, for short), do not store funds for its users. Rather, deals are made through smart contracts and atomic swaps so that currency never passes through the hands of an escrow service – it’s just peer-to-peer.
New Aave App Allows Users to Pay Bills With Cryptocurrency
28.02.2019 11:37Tech company Aave is bringing cryptocurrency another step closer to mainstream adoption with the launch today of Aave Pay, an app through which consumers can use a wide range of digital currency holdings to pay their bills.
Japanese multinational holding conglomerate SoftBank Corp. and American telecoms-focused blockchain firm TBCASoft are to lead a new blockchain-based digital identification study group under the canopy of the Carrier Blockchain Study Group (CBSG)
Kyocera has announced it is testing a virtual power plant (VPP) based on solar-plus-storage systems at its Yokohama Nakayama office, using a blockchain system from U.S. company LO3 Energy.
Mercury FX, an international currency exchange provider, is planning to open 10 new corridors that would use the xRapid solution.
The sixth largest crypto exchange in the world, Huobi Korea, has decided to change the protections that they formerly had in place for anti-money laundering (AML).
New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
22.02.2019 10:39The new Samsung smartphone, the Galaxy S10, will include storage for private cryptocurrency keys
Crypto security company BitGo is making good on plans to facilitate insurance for digital assets by providing $100 million of cover against theft or the loss of cryptographic keys via the Lloyd’s of London insurance market.
Schnorr signatures, a code change likely to be one of the biggest coming upgrades to bitcoin, have now gone from a theoretical idea to real code courtesy of technology startup Blockstream.
Japanese e-commerce firm Rakuten announced that a major update of its Rakuten Pay mobile app will be released on March 18
News about the BMW Group being interested in blockchain technology broke out last year
JP Morgan is Rolling Out the First US Bank-backed Cryptocurrency to Transform Payments Business
15.02.2019 09:47The first cryptocurrency created by a major U.S. bank is here — and it's from J.P. Morgan Chase.
Users of Coinbase Wallet can now back up their private keys on Google Drive or iCloud.
Ripple: Western Union piloting settlement tests with Ripple
13.02.2019 15:06The cryptocurrency market has been of deep interest to the Financial Institutions but the continuous ups and downs have kept a few major institutions at bay.
General Motors Financial сотрудничает с блокчейн-стартапом Spring Labs с целью разработки решения для идентификации личности.
Zhao Dong, Bitcoin billionaire and one of China’s biggest OTC traders, has taken to WeChat to opine on the industry.
Litecoin Foundation and Beam Cooperation Announcement
08.02.2019 20:20The Litecoin Foundation has approached Beam about possible cooperation to implement Mimblewimble via Extension Blocks on Litecoin.
Data: US Traders Most Active Across Major Crypto Exchanges
08.02.2019 20:17New data shows that United States traders are the most active across major crypto exchanges, according to a Feb. 4 tweet from data analytics firm DataLight.
The Wall Street Blockchain Alliance has joined enterprise software firm R3’s collaborative initiative to develop innovative applications and solutions on its Corda blockchain platform.
United States-regulated trading and clearing platform LedgerX has released a new type of derivative contract unique to Bitcoin (BTC)
Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse
07.02.2019 13:15Phil Potter, previously an executive at Bitfinex and Tether, and crypto finance firm XBTO are launching a stable clearinghouse for stablecoins.
Wyoming Passes Bill to Recognize Cryptocurrencies as Money
07.02.2019 10:38In the United States, the state of Wyoming passed a bill that will allow for cryptocurrencies to be recognized as money
Fraud Alert
10.11.2018 17:45Due to increasing number of fraudulent attempts, we kindly request that you be very attentive while dealing with any type of electronic currency.
Lightning Network Reaches Marathon 600 BTC Capacity
31.01.2019 17:23The Lightning Network on Bitcoin passed a fresh milestone this week, taking its overall capacity to over 600 BTC ($2 million) for the first time.
SWIFT Chief Announces Trial DLT Integration With R3
31.01.2019 15:49SWIFT, the global banking payments network, is to begin testing its GPI payments standard through R3’s Corda platform.
Bitspark Launches Hong Kong Dollar (HKD) Stablecoin
31.01.2019 13:57Bitspark,a cryptocurrency money transfer platform, has launched Sparkdex.
NYSE Operator Partners With Blockstream to Launch Crypto Tracking Tool for Investors
30.01.2019 11:27The Intercontinental Exchange (ICE) has partnered with major global blockchain firm Blockstream to launch its Cryptocurrency Data Feed product.
Four major South Korean cryptocurrency exchanges have reportedly joined their forces in order to combat money laundering
Ripple Sold $535 Million in XRP Last Year
29.01.2019 10:22Ripple sold a total of $ 535.56 million in XRP tokens for 2018 as a whole.
Chinese Blockchain Rankings Released: EOS Still First, Ethereum Second, Bitcoin 15th
28.01.2019 11:00China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 15th, while EOS keeps its top spot.
Enterprise Blockchain Platform Records 10K Transactions per Second in Testnet Launch
25.01.2019 15:45Enterprise blockchain platform Insolar (INS) has successfully launched its testnet on Jan. 22, recording over 10,000 transactions per second (TPS), according to data from its block explorer Insolar Explorer.
SEC Lists Cryptocurrency as a Top ‘Examination’ Priority for 2019
21.01.2019 17:55According to the SEC’s Office of Compliance Inspections and Examinations (OCIE), this will be done with a view of protecting retail investors in the nascent asset class.
A blockchain researcher has been working on a scaling effort for the unspent transaction output set found in the Bitcoin protocol.
More Oil Giants to Join Blockchain-Based Platform Vakt for Energy Commodity Trading
17.01.2019 12:49Chevron and two other major energy companies have joined Vakt, a United Kingdom-based blockchain platform for energy commodity trading.
A national cryptocurrency for the Marshall Islands is still being actively developed
This $100K Luxury Swiss Watch Will Have a Built-In Crypto Wallet
15.01.2019 18:40A. Favre & Fils, a luxury Swiss watchmaker that traces its family history back three centuries, is developing a handcrafted mechanical timepiece with a built-in crypto-wallet.
Five New Bitcoin ATMS are Installed Daily Worldwide
15.01.2019 16:16The number of cryptocurrency Automated teller Machines (ATMs) installed through out the world has gone past the 4000 mark.
Coincheck Wins Crypto Exchange License 12 Months After Major Hack
14.01.2019 18:00Japanese crypto exchange Coincheck, which suffered a $530 million hack in January of last year, is now a licensed entity.
NASA Eyes Blockchain Tech to Secure Aircraft Flight Data
14.01.2019 10:10NASA is examining blockchain technology as a means to ensure the privacy and security of aircraft flight data.
7 Korean Crypto Exchanges Pass Government Security Inspection
10.01.2019 18:07South Korea’s Ministry of Science and ICT announced the results of its security inspection of cryptocurrency exchanges
DX.Exchange launched a trading platform that lets investors buy shares of popular Nasdaq-listed companies
Euro Exim Bank Taps Ripple’s xRapid for Cross-Border Settlements
09.01.2019 18:00Euro Exim Bank will become the first bank to publicly announce it is using the XRP cryptocurrency for cross-border payments.
Ethereum Foundation Grants $5 Million to Parity Technologies
09.01.2019 10:19The Ethereum Foundation has just awarded a $5 million grant to Parity Technologies to support the firm’s work building the blockchain network’s next iteration, ethereum 2.0.
The First Program To Train High School Girls With Blockchain Skills
09.01.2019 10:15Blockchain is meant to lower barriers for people around the world.
A new year means more speculative cryptocurrency predictions.
Max Keiser Says Bitcoin Will become Global Reserve Currency
07.01.2019 11:23More specifically, the well-known American broadcaster Max Keiser has now started 2019 by predicting Bitcoin will dethrone the US dollar as the world’s reserve currency.
Bitcoin Cash: Single Mining Pool Controls 50% of Hashrate
04.01.2019 17:07The crypto statistics service found that BTC.TOP mining pool, a China-based private entity, took over as high as 50.2% of the entire Bitcoin Cash network.
A group of 12 high-profile investors and partners have poured this large sum of money for the further development of the Bakkt i
03.01.2019 09:49ICE’s Bakkt platform has recently raised a whopping $182 million worth funds from 12 high profile partners and investors.
The government of the Republic of Abkhazia has cut power to some cryptocurrency mining farms due to electricity concerns.
190 Companies Seek to Enter Japanese Crypto Market
02.01.2019 10:19Japan’s top financial regulator has confirmed the number of companies currently wanting to enter the Japanese cryptocurrency market
Still Got Your Crypto: In Response to Wallet.fail’s Presentation
31.12.2018 10:32At the 35th Computer Chaos Congress in Leipzig, Dmitry Nedospasov, Thomas Roth and Josh Datko gave a presentation
Litecoin Takes to the UFC Octagon in New Sponsorship Deal
28.12.2018 10:04The Litecoin Foundation has partnered with Ultimate Fighting Championship (UFC)
India Evaluating Cryptocurrency Legalization Under Strong Regulation
27.12.2018 18:56The committee charged with providing recommendations for the regulatory framework surrounding cryptocurrencies in India is reportedly evaluating the legalization of the asset class under strong regulation.
Bank of America (BoA) wants to patent a system using blockchain technology to improve cash handling, a new application published Dec. 25 confirms.
Binance CEO Changpeng Zhao Calls 2018 ‘Correction Year’ for Crypto
21.12.2018 12:57Changpeng Zhao called 2018 a “correction year” for crypto currencies
An Intrapreneur from financial services giant Barclays has expressed the idea that blockchains should be built with regulatory compliance in mind
Spanish renewable energy company ACCIONA Energía is going to deploy blockchain to trace electricity generation
Two South Korean government ministries are exploring blockchain’s potential to bring new efficiencies to marine logistics.
Blockstream Boosts Bitcoin Satellite Service With Lightning Payments
19.12.2018 10:44Bitcoin users’ ability to send transactions through outer space has just been given a boost.
Egypt’s Central Bank Conducting ‘Feasibility Studies’ Around Digital Currency Issuance
19.12.2018 10:38The Central Bank of Egypt wants to introduce a digital version of the Egyptian pound to reduce costs
SEC’s Crypto Czar Signals Some Flexibility on Token Offerings
18.12.2018 12:21Some blockchain token projects may be allowed to bypass U.S. securities registration requirements
Labs Releases First ‘Batch’ of Blockchain Projects
17.12.2018 18:00Binance Labs has released its first “batch” of blockchain projects from its Incubation Program.
Telecoms Giant AT&T Seeks Patent for Blockchain-Enabled Social Media ‘Mapping’ System
17.12.2018 09:40American telecoms giant AT&T is seeking a patent for a blockchain-based social media history “map”.
Germany-based Crypto Payments Startup Bitwala
14.12.2018 18:29Germany-based crypto payments startup Bitwala is now offering crypto banking services in the country.
Art on the Block: Christie’s Big Bet on Blockchain
14.12.2018 17:26Last month in New York City, legendary auction house, Christie’s, set a world record by fetching $323.1 million for the Ebsworth Collection.
Kraken Preparing a Private Listing at $4 Billion Valuation
13.12.2018 23:43One of the most prominent crypto exchanges in the US, Kraken, is mulling over a private offering
UAE and Saudi Arabian Central Banks to Jointly Launch a Cross-Border Cryptocurrency
13.12.2018 10:50The United Arab Emirates (UAE) and Saudi Arabia will work on cross-border digital currency.
Bitcoin's Share of the Crypto Market Is Nearing a 3-Month High
12.12.2018 18:00Data from CoinMarketCap reveals that bitcoin’s dominance rate reached 55.38 precent
Fund Seeks $200 Million to Help Startups Survive a Crypto Winter
12.12.2018 08:00David Johnston has launched the Yeoman’s Growth Capital fund
Bitcoin Trading Skyrockets on BitMEX,BTC Wallets Hit New Record
11.12.2018 18:01The current number of blockchain wallet users has surpassed 30 million.
Major Video Card Supplier Enters Cryptocurrency Mining Business
11.12.2018 08:00Sapphire Technology has announced that it’s officially entering the cryptocurrency hardware business.
According to a study published by Human Network, about 29% of more than 1100 freelancers registered on the platform would accept crypto as financial compensation for their services.
In October, an early access game called Crypto Crisis was released on the digital distribution platform Steam.
Asus Allows Gamers to Mine Crypto With Their Idle Graphics Cards
03.12.2018 18:55Taiwan-based tech giant Asus is now letting gamers use the number crunching power of their graphics cards to earn a share of profits from cryptocurrency mining.
European cryptocurrency exchange Bitstamp will integrate a new platform to improve compliance and customer protection.
Bahrain Finance Training Institute Launches ‘Blockchain Academy’
27.11.2018 17:04The Bahrain Institute of Banking and Finance (BIBF) is launching what it claims to be the country’s first “Blockchain Academy.”
Dash Launches Text-Based Crypto Payment Service in Venezuela
06.11.2018 12:09Crypto project Dash has announced the launch of Dash Text, an SMS-based cryptocurrency transaction service for Venezuelan users.
Blockchain Life 2018 Saint Petersburg
01.11.2018 12:55Dear Friends! We are pleased to announce that BTCBIT has become a partner of the biggest international forum on blockchain, cryptocurrency, ICO, and mining - Blockchain Life 2018!
Microsoft to Integrate Blockchain Offering Into Nasdaq Services
31.10.2018 17:12American software corporation Microsoft will integrate its Azure Blockchain technology into stock exchange Nasdaq Inc.’s Financial Framework (NFF).
Bitcoin Exchange Bitstamp Confirms Sale to Gaming Group NXC
30.10.2018 16:46Cryptocurrency exchange Bitstamp has been acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC.
Microsoft Excel Plugin Will Let Users Send and Receive Bitcoin (BTC) Via Lighting Network
29.10.2018 17:08Pierre Rochard is working on an Excel plugin in order to make and receive Lightning Network payments with just a few clicks.
A new protocol is allowing users to complete cross-chain transactions – meaning value can be transferred between different blockchains such as Bitcoin and Ethereum.
Taiwanese electronics company HTC has announced the presale of its widely-discussed blockchain smartphone, Exodus 1.
Visa is integrating open-source blockchain code from the Hyperledger Fabric ahead of the commercial launch of its own blockchain service for enterprise payments in Q1 2019.
Global Security Firm G4S Announces High-Security ‘Vault Storage’ for Holding Crypto
19.10.2018 15:36U.K.-based multinational security services company G4S has developed a new service for protecting cryptocurrency assets.
Malaysian Fintech Startup Completes First API Payment on RippleNet
18.10.2018 16:58A central-bank approved Malaysian Fintech startup that has specializes in international money transfers has completed its first cross-border transfer on RippleNet, Ripple’s enterprise blockchain platform using an API solution.
Sony Builds Digital Rights Management System on a Blockchain
16.10.2018 17:06Japanese electronics giant Sony has developed a new blockchain-based digital rights management system that may see commercial rollout.
AdvCash, Payeer and Perfect Money available now!
10.10.2018 19:38We inform you that in our exchange service now are available new payment methods, such as AdvCash, Payeer and Perfect Money!
Lightning Network
05.10.2018 09:35Lightning Network is a second-level protocol that operates on top of a Bitcoin blockchain. The developers of the main cryptocurrency payment network offer it to increase the speed of transactions. The relevance of technological solutions caused by the growing interest in digital money. The increase in the total volume of operations has led to the need for system scalability.
Bitcoin Mining
03.10.2018 15:54Bitcoin mining is the process of determining the cryptographic signature of operations block. The block of operations writes down the information about transactions entered into the network after the generation of the previous group of transactions (about 10 minutes). The main cryptocurrency network uses the SHA-256 Hash Algorithm. The miner is rewarded for his actions in digital coins.
Ukrainian National Bank Considering Launching State Digital Currency Tied to Local Fiat
28.09.2018 22:24The National Bank of Ukraine (NBU) is considering launching a state-owned digital currency based on blockchain, local news outlet Vesti Ukraine reported. NBU says that the blockchain-based hryvnia, or e-hryvnia, has to be centralized and remain under government control. The state-backed coin is expected to increase the rate of non-cash payments, along with reducing their cost.
Bitfury's Coffee Machine Accepts Bitcoin Via Lightning Network
22.09.2018 15:00Blockchain firm Bitfury has developed a coffee vending machine capable of connecting to the Lightning Network, a second-layer transaction protocol designed to make bitcoin more scalable by processing transactions off the main bitcoin blockchain.
Luxury automobile retailer Post Oak Motor Cars is reportedly the first Rolls-Royce, Bentley and Bugatti dealership in the U.S. to accept Bitcoin (BTC) and Bitcoin Cash (BCH) as payment.