Thursday, January 17, 2019
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US Investors That Sold BTC Lost $1.7 Billion, Many Don’t Intend to Deduct Losses

Crypto investors in the United States who sold their Bitcoin (BTC) holdings lost $1.7 billion, but many do not plan to deduct the losses, a survey conducted by personal finance company Credit Karma published on Jan. 15.The survey was conducted by research firm Qualtrics for Credit Karma, and surveyed 1,009

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HSBC Completed $250 Billion in Blockchain-Processed Transactions in 2018

HSBC. Image Shutterstock. According to a press release quoted by the Financial Times on Monday, HSBC, one of the largest banking institutions in the world by total assets, reported $250 billion in settled transactions in 2018, using the blockchain technology. The press release revealed that during the last calendar year, HSBC settled

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Banking Giant HSBC’s Blockchain Platform Processed $250 Billion in Forex in 2018

International banking giant HSBC settled $250 billion of forex trades using blockchain technology in 2018. The company has revealed the figure in a press release quoted by the Financial Times (FT) Jan. 14.Through its proprietary blockchain platform dubbed “FX Everywhere,” HSBC handled 3 million transactions, which translated into 150,000 payments

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Daily Traded Volume on Huobi’s Crypto Derivatives Platform Breaks $1 Billion

Daily traded volume of cryptocurrency contracts on the Huobi Derivatives Market (DM) has broken past $1 billion, according to a press release shared with Cointelegraph on Dec. 27.Huobi Global — which operates the world’s third-largest largest crypto spot market trading platform — launched Huobi DM last month. The new platform

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$4 Billion Lawsuit Against Craig Wright Moves Forward as Judge Declines Dismissal Request

A United States court has rejected repeated requests from nChain chief scientist Craig Wright to dismiss a $4 billion lawsuit against him, documents revealed Dec. 27.In the latest stage of an ongoing legal battle over Wright’s alleged theft of Bitcoin (BTC) from the estate of deceased crypto developer David Kleiman,

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