Crypto Investment Services Firm BitGo to Add Support for TRON

Institutional-grade cryptocurrency investment services firm BitGo will provide wallet and custody support for cryptocurrency Tron (TRX), according to a press release shared with Cointelegraph on Feb. 20. Per the release, BitGo will add support for TRX later this year, making it available for institutional investors. TRX thus joins over 100 other digital currencies already supported by BitGo. BitGo is reportedly the world’s largest processor of on-chain Bitcoin (BTC) transactions, processing 15 percent of all global Bitcoin transactions and $15 billion of cryptocurrencies per month. The company’s wallet service has more…

Crypto News | Elon Musk Talks Bitcoin and Binance Expands

The cryptocurrency market had quite the shakeup last week, causing a spike in most digital currencies. On Valentine’s Day, six days ago, JP Morgan announced that it would launch a test for its new JPM coin. This was the biggest crypto news to surface in quite some time. Now, digital currencies seem to have corrected, and most are trading red today. In today’s crypto news, we’ll discuss Elon Musk’s interview and the details behind him calling Bitcoin “quite brilliant.” Also, we’ll look into Binance’s new testnet they just released. Crypto News:…

Spanish Mining Startup to Return $68 Million Raised During ICO

Spanish cryptocurrency mining startup CryptoSolarTech will return $68 million raised during its initial coin offering (ICO). A screenshot of an official letter sent to investors was posted on Twitter Wednesday, Feb. 20 by Spanish IT lawyer Sergio Carrasco. CryptoSolarTech apparently aimed to build a crypto mining facility powered by solar energy in Southern Spain, but failed to get a building permit. Citing reasons beyond their control, the founders of the project promised to return funds within 60 days. The startup also claimed that it is not responsible for any of…

Hardware Wallet Doesn’t Store Private Keys to Surpass Cold Storage

A payments technology company has created a hardware wallet that addresses the “flawed approach” used for cold storage — and eliminates the physical storage of private keys. Instead of storing private keys on a device — a “potential security problem” — Bitfi says it has developed technology that does not store any data or private keys. Instead, the company’s hardware uses a deterministic algorithm to calculate the private key at the moment of a transaction. This means that the private key comes into existence for a fraction of a second…

Indian E-Commerce Giant Partners With Blockchain Logistics and Shipping Platform

India’s largest e-commerce firm, mjunction services limited, has entered into a strategic partnership with blockchain shipping firm Shipnext, global maritime news agency Sea News reports Feb. 20. The new partnership intends to boost efficiency across mjunction’s supply chain, bringing value-added services to its clients, mjunction CEO Vinaya Varma said. Alexander Varvarenko, founder and CEO of Shipnext, said that mjunction’s large cargo base is expected to attract more traffic, shipowners and ship operators to Shipnext platforms. Mjunction services ltd is a joint venture of two Indian steel giants – the Steel…

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Cardano: Price Analysis, Feb. 20

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Billionaire investor Tim Draper believes that crypto and fiat currencies will reverse their roles in five years. According to Draper, fiat will mostly be used by criminals, while cryptocurrencies will be used for regular day-to-day transactions. Tesla CEO Elon Musk also said that…

The Industry’s Feedback to CFTC, Reviewed

On Feb. 17, the United States Commodity and Futures Trading Commission (CFTC) stopped accepting public comments regarding the Ethereum (ETH) mechanism. Previously, as 2018 was drawing to a close, the agency requested the feedback on the cryptocurrency to better understand the technology and how it compares to Bitcoin (BTC). The CFTC, which oversees the futures and options market in the U.S., has long determined that Bitcoin is a commodity, and therefore falls into its regulatory purview. In December 2017, the agency allowed two major regulated exchanges — the Chicago Mercantile…

SEC Charges ICO With Selling Unregistered Securities After Startup Self-Reports

The United States Securities and Exchange Commission (SEC) has charged crypto firm Gladius Network with selling unregistered securities after the company self-reported to the commission, an SEC press release reveals on Feb. 20. Gladius reportedly raised approximately $12.7 million in cryptocurrency during its initial coin offering (ICO) in late 2017, after the SEC had warned that tokens offered in such sales can be classified as securities under U.S. law. The commission specifies that the startup did not register its tokens with the agency and its “ICO did not qualify for…

Galaxy Digital Joins $15 Million Investment Round in Crypto Security Firm CipherTrace

Mike Novogratz’s crypto investment bank Galaxy Digital has invested in blockchain security company CipherTrace, according to an official press release published on Feb. 19. CipherTrace has reportedly raised $15 million in venture capital in a new funding round led by major Silicon Valley venture capital firm Aspect Ventures, whose partner, Mark Kraynak, will join the firm’s board of directors. The round also saw investments from Neotribe Ventures and WestWave Capital. California-based CipherTrace will use the secured funds in order to improve tools for cryptocurrency intelligence, anti-money laundering (AML) solutions, blockchain…

Spain’s Largest Telecom Company Seeks Entrepreneurs in Blockchain, AI

Spain’s largest multinational telecommunications company, Telefónica, has announced an initiative to support entrepreneurs in innovative technologies, such as blockchain and artificial intelligence (AI), according to an official press release published on Feb. 19. The Madrid-based company — also one of the largest telephone operators and mobile network providers in the world — has launched its first “Open Innovation” call of this year via  its tech incubator subsidiary, Telefónica Open Future. The month-long initiative seeks to support startups and innovative projects ready to “revolutionize traditional ecosystems through new technologies,” such as…