Coinbase Added 8 Million New Users in the Past Year

America’s biggest cryptocurrency exchange and wallet service Coinbase has signed up 30 million users since launching in 2012. New user signups slowed after Bitcoin price peak Over the past 12 months, Coinbase has registered eight million new users, according to data revealed by Bitcoin (BTC) investor and entrepreneur Alistair Milne in a tweet on July 22. Number of Coinbase users since January 2014. Courtesy of Alistair Milne on Twitter Based on the chart above, the rate of new users sign ups has slowed compared to the second half of 2017,…

Proof-of-Verified-Security Blockchain Based on DeepSEA Language Goes Live

Blockchain cybersecurity company CertiK, which had received an investment from Binance Labs in 2018, has launched its native CertiK Chain blockchain. The CertiK Foundation announced its new release in an official blog post on July 22. In January of this year, CertiK and major crypto exchange Binance had also announced a partnership that would allow the cybersecurity company to audit Binance’s smart contracts to ensure there are no critical vulnerabilities. Smart contracts on CertiK Chain can be developed in the functional programming language DeepSEA, which reportedly guarantees security by means…

OKEx Skips Warren Buffett Lunch, Donates $4.5M to Insurance Fund

Cryptocurrency exchange OKEx has donated $4.5 million in Bitcoin (BTC) to its perpetual swap market insurance fund as a show of support for the Warren Buffett Power Lunch. More protection for traders In a press release shared with Cointelegraph on July 23, the Malta-based crypto exchange revealed its contribution to the perpetual swap market insurance, whose amount is equivalent to what Tron’s Justin Sun paid to have lunch with Warren Buffett.  Andy Cheung, head of operations of OKEx, commented on the contribution saying that “the Power Lunch is a significant…

Venezuela Sets New Bitcoin Volume Record Thanks to 10,000,000% Inflation

Venezuelans traded more bolivars for Bitcoin (BTC) than ever before last week, but the statistics say more about fiat than cryptocurrency.  Yet another Bitcoin volumes record for Venezuela Data from Coin Dance, which tracks trading activity on P2P exchanges Localbitcoins, Paxful and Bisq, confirmed the seven days to July 20 were Venezuela’s biggest on record. During that period, users on LocalBitcoins alone generated volumes of over 57 billion bolivars, beating the previous all-time high of 49 billion, which appeared in the previous week.    Weekly LocalBitcoins Volume (Venezuelan Bolivar) Courtesy…

Suspected Crypto Ponzi Scheme Has No License in Malta, Regulator Warns

Malta’s finance regulator has issued a public warning about a cryptocurrency company falsely claiming it is licensed to operate in the country.  “Built on the power of the Middle East” In a statement July 23, the Malta Financial Services Authority (MFSA) warned residents they should avoid Emirate Coin Tech, which offers cryptocurrency investment options with alleged weekly payouts of up to 25%. “The MFSA wishes to alert the public, in Malta and abroad, that Emirate Coin Tech is NOT a Maltese registered Company NOR licenced or otherwise authorised by the…

South Korea Has the Highest Rate of Granted Blockchain Patents

South Korea has the highest blockchain patent grant rate, according to London-based law firm Withers & Rogers. Meanwhile, Japan comes at a distant second, intellectual property business media platform IAM reports on July 23. Getting a blockchain patent in China takes a while Per the report, South Korea has the highest patent grant rate (54%), followed by Japan (17%), and the United States (16%), with China significantly lagging behind. The outlet suggests that a reason for this substantial disparity between China and the rest of the world is that a…

AT&T Fails to Win Dismissal in $24 Million Crypto SIM-Swap Lawsuit

Crypto investor Michael Terpin has won an early victory in his attempt to sue telecom giant AT&T Mobility over a SIM-swapping hack that saw him lose a claimed $24 million. In court documents published Friday, Los Angeles federal judge Otis Wright II ruled that AT&T must answer a lawsuit brought by Terpin for enabling the theft millions of dollars of cryptocurrency by giving access to his SIM card to hackers. While the telco had requested that the court dismiss the lawsuit in its entirety, the judge decided that AT&T should answer to Terpin’s…

German Regulators Approve $280 Million Ethereum Token Sale

Fundament, a blockchain startup coming out of stealth mode, has received the green light to issue the first tokenized real-estate backed bond that can be widely offered to individual investors. Announced Tuesday, the Berlin-based firm has obtained approval from Germany’s financial regulator, BaFIN, for the 250 million euro ($280 million) offering. By virtue of being regulated, the token will be open to any retail investor anywhere with no minimum investment restriction.  In other words, someone in, say, Indonesia will be able to buy 100 euros worth of ethereum tokens and…

Justin Sun Surfaces in San Francisco, Contrary to Chinese Media Reports

UPDATE (July 23, 22:00 UTC): This article has been updated several times since initial publication as new information became available. If, as the saying goes, any publicity is good publicity, then Tuesday was a great day for Tron CEO Justin Sun. The 28-year-old entrepreneur has been the talk of the crypto community for the last 24 hours, starting with Monday night’s announcement that a bout of kidney stones led him to postpone a long-awaited lunch with finance titan Warren Buffett. Then came reports suggesting that the rescheduling was due to…

Bitcoin Drops Below Long-Term Price Support at $10K

View Bitcoin has violated the support of the trendline connecting the April and May lows, having charted a bearish lower high at $11,100 over the weekend. A bearish volume divergence indicates prices could fall back to the July 17 low of $9,049. Daily chart indicators are also indicating the path of least resistance is to the downside. A UTC close above $11,100 is needed to invalidate lower highs setup on the daily chart. Bitcoin (BTC) fell below key support above $10,000 earlier today and could suffer a deeper drop, according…