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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Gemini To Become First BitLicensed Exchange To Offer Trading in Zcash
The New York State Department of Financial Services has authorized Gemini Trust Company to offer trading of Zcash, Litecoin and Bitcoin Cash. Tyler Winklevoss, Chief Executive Officer of Gemini Trust Company, LCC said, “We are proud be the first licensed exchange in the world to offer Zcash trading and custody services and look forward to providing customers with a safe, secure, and regulated place to buy, sell, and store Zcash, an incredible new form of digital cash.”

Crypto Mining Company Coinmint Moving To Revamp 1,300 Acre Alcoa Plot
Once used for aluminum smelting, an Alcoa plant in Upstate New York is going to be converted into one of the world’s largest bitcoin mining centers. CNBC reports Coinmint said Tuesday it “would invest up to $700 million in the upstate New York location, which it expects to be the biggest bitcoin mining center in the world. The project will create an estimated 150 jobs over the next 18 months.”

Cryptocurrency Theft Malware Now An Economy Worth Millions
According to a new research report titled “Cryptocurrency Gold Rush on the Dark Web” by Carbon Black, the market for malware and tools designed for the theft of cryptocurrency is growing swiftly. ZDNet states, “The researchers estimate that over the past six months alone, a total of $1.1 billion has been stolen in cryptocurrency-related thefts, and approximately 12,000 marketplaces in the underbelly of the Internet are fueling this trend.”

Image courtesy of Carty Sewill, http://cartyisme.com/.

Cold storage through a hardware wallet such as the Ledger Nano S is among the safest, most secure, and widely recommended way to store crypto assets. However, using a hardware wallet isn’t always straightforward: not all coins are supported, user interfaces are clunky, and users are often required to use multiple apps to interact with different blockchains.

Ledger, the company behind the best-selling Ledger Nano S hardware wallet, seeks to rectify those user experience issues with new desktop and mobile applications that unify all supported cryptocurrency tokens under one central app and dashboard. Ledger first announced the new applications, which will take the place of the existing Google Chrome apps provided by Ledger, back in February of this year.

In a Twitter post, Ledger has revealed that the “initial version” of the Ledger Wallet desktop native application will be available starting on July 9th. Ledger says that even though there is an added wait to their original launch estimate, the wait will be “worth it.” The firm says regular periodic updates will follow after launch – the first of which should be adding ERC20 support.

The mobile version of the Ledger Wallet application is still on track for an “end of Q4 2018” release.

The new Ledger Wallet app is a web-based solution (the current Ledger Manager app is Google Chrome browser-based) that will support 28 different cryptocurrency tokens, multiple ledger devices, and come with a central dashboard to manage all aspects of a user’s digital currency portfolio, including sending and receiving crypto tokens, as well as viewing account balances and transaction histories.

In future updates, Ledger expects to eventually support over 100+ cryptocurrencies, enable integration of third-party apps, and more.

Ledger is a Paris, France-based company founded in 2014 with the goal of “securing the new disruptive class of crypto assets.”

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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Crypto Start-up Gives Millions to Top Schools to Encourage Blockchain Adoption
San Francisco-based Ripple has announced the University Blockchain Research Initiative – a partnership with 17 top universities from around the globe focused on supporting and accelerating “academic research, technical development and innovation in blockchain, cryptocurrency, and digital payments.”

Samsung SDS Unveils Blockchain-Based Finance Platform Nexfinance
Samsung SDS unveiled Nexfinance, a platform that will offer services such as digital identity, finance concierge, an artificial intelligence virtual assistant, and automatic insurance payment, according to ZDNet.

Bitcoin May Finally Be Bottoming, Chart Watcher Says
Rob Sluymer, a technical strategist at Fundstrat Global Advisors, sent a note to clients, as reported by MarketWatch, “While it is premature to conclude the correction is over, there was a positive technical development this week suggesting the first stage of a three-stage bottoming process is developing.”

Bitcoin, Ethereum and Ripple Price Predictions
The three main Cryptocurrencies kept their bullish profile over the weekend. FXStreet analyzes the three, “This is a very particular technical scenario, as each one of this trio of Cryptos has its own different scenario, but with similar results in the price action.”

Image courtesy of Carty Sewill, http://cartyisme.com/

San Francisco-based Ripple has announced the University Blockchain Research Initiative – a partnership with 17 top universities from around the globe focused on supporting and accelerating “academic research, technical development and innovation in blockchain, cryptocurrency, and digital payments.”

To fund the new research initiative, Ripple has committed to investing $50 million to support various research projects. In the announcement, Team Ripple talks about the motivation behind their investment in the University Blockchain Research Initiative:

‘Interest in blockchain is soaring, with a groundswell of activity taking place on the campuses of the world’s top universities. From new business use cases — such as making cross-border payments faster, lower cost and more transparent — to uses of blockchain for good, students and faculty globally are emerging as major contributors to the creation of a more robust and valuable blockchain and payments ecosystem.’

The statement continues:

“As one of the most mature companies in the space, Ripple is uniquely suited to partner with the academic community and help lead development of this ecosystem.”

Despite Ripple funding the efforts, universities will be able to choose their own research topics. The 17 universities included in the initiative are as follows:

  • Australian National University College of the Law
  • CITP at Princeton
  • CSAIL at MIT
  • Delft University of Technology (Netherlands)
  • Fundação Getulio Vargas (Brazil)
  • Haas School of Business, University of California, Berkeley
  • IIT Bombay
  • International Institute of Information Technology, Hyderabad (IIIT-H)
  • Korea University
  • McCombs School of Business, UT-Austin
  • The University of North Carolina at Chapel Hill
  • The University of Pennsylvania
  • UCL (University College London)
  • University of Luxembourg
  • University of Nicosia (Cyprus)
  • University of Oregon
  • University of Waterloo

Ripple hopes by combining a “broad cross-section of geographies and markets, as well as a rich blend of academic disciplines” the initiative will achieve greater breakthroughs in their research.

Ripple is no stranger to assisting educational efforts. In March on “Best School Day,” the firm donated $29 million in XRP to purchase school supplies and other materials.