Crypto Markets Drop Slightly After Yesterday’s Surge, Stock Market Drops as Apple Plunges
Following yesterday’s crypto market surge that sent Bitcoin up more than 4% and Ethereum up more than 10%, the markets have found some levels of stability and are currently trading down slightly. Although the crypto markets are relatively stable as of now, the stock market is seeing tremendous levels of instability, with today’s drop being primarily […]
Ripple Price Analysis: XRP Bearish Below 40 Cents, NY Ready to Explore
Enthusiasts often paint a rosy picture on the burgeoning internet of value claiming it will disrupt and eventually replace centralized set-ups. But before this come to pass, the community understands that education and general awareness is key. It is for this reason that Ripple has so far donated $80 million to various causes. On their […]
Binance Incubator Program to Foster Innovation For Blockchain and Crypto
The bear market this year has seen an exodus from cryptocurrencies for a lot of people and companies. Not all are so pessimistic though and not all are in it for a quick buck. Binance is one of the pioneers of the industry and has recently launched a program to foster innovation for blockchain and […]
Crypto Markets Recover Slightly After Yesterday’s Drop, Equities Market Trades Flat
The traditional equities market, which has seen increased volatility over the past several weeks, is currently trading flat and one prominent investor believes further instability could be right around the corner. Crypto Markets Trade Up After Yesterday’s Drop Yesterday, Bitcoin dropped from the $3,800 region to lows of $3,645, from which it has since recovered. At the […]
Crypto Markets Trade Flat as Equities Markets Drop Following Yesterday’s Pump
Following the recent period of volatility in the cryptocurrency markets, Bitcoin has found support around $3,800, and has led the overall cryptocurrency markets to trade sideways. The crypto market’s stability over the past couple of days comes amidst major volatility in the traditional equities markets. At the time of writing, Bitcoin is trading up marginally at […]
Gold Demand Rising: Investors Turn to Precious Metal as Safe Haven Asset
Recent global economic concerns and stock market volatility seem to have increased demand for gold as a safe haven asset. The price of the precious metal hit its highest level since June in the yesterday’s trading session. Investors are turning to the historical store of value in rising numbers to protect their wealth amid geopolitical […]
Thailand Speeds up Blockchain Adoption Despite Bitcoin Plunge
Thai cryptocurrency exchange pioneer Satang Corp. is defying the recent meltdown in virtual currencies with plans raise $9.9 million in a security token offering early next year, as the government accelerates adoption of the blockchain technology behind virtual currencies. Satang’s plan has the backing of the Thai government, which wants to make Thailand a center […]
CanonChain MainNet Launched by the end of 2018
Dr. Chong Li, Chief Architect and Head of Research at CanonChain, announced plans to launch CanonChain MainNet by the end of the year. Under the protocol of CanonChain, a decentralized supercomputer can be initiated through the underlying Blockchain technology. As a result, user-end IoT devices can be connected to provide services to each other through […]
Why Sweden’s Cashless Society is no Longer a Utopia
The Swedish retail payment market is rapidly moving away from using cash. The outstanding value of cash in circulation has dropped to 1% of Swedish GDP. This development raises some crucial issues regarding the state’s role in the payment market. For hundreds of years, the public has been offered central bank notes and coins. If […]
Friends Accused of Torturing Pal to Steal his Cryptocurrency
These guys are accused of taking a “bit” out of crime. A group of young professional men ransacked their pal’s luxury apartment after a night of drinking and forced him to cough up his cryptocurrency account login information, the Manhattan District Attorney’s Office charges in a new complaint. Defendant Stephen Orso, 25, allegedly demanded that […]
Stellar Support Added to BlockEx Exchange Network
BlockEx, the digital asset exchange provider for institutional-grade financial markets, has announced that it now provides support for Stellar based digital assets across its trading exchange network. Adam Leonard, CEO at BlockEx, said: “Delivering support for Stellar protocol digital asset issuing and trading is strategically important to us, our white label brokerage partners, and our […]
Q3 2018 XRP Markets Report
In Q3 2018, Ripple sold $65.27 million worth of XRP programmatically. This represented 0.172 percent, or 17.2 basis points of the total XRP volume traded globally in the third quarter. In addition, XRP II, LLC — a Ripple subsidiary that is a registered and licensed money service business (MSB) — sold $98.06 million worth of […]
MGT Capital Enters into Agreement to Relocate Swedish Bitcoin Miners to Colorado
MGT Capital announced that it entered into a hosting agreement for a facility in Colorado Springs, CO to support its Bitcoin mining operations. As previously disclosed, the Company has been analyzing various options to relocate its approximately 6,300 S9 Antminer Bitcoin Miners presently housed in northern Sweden. Stephen Schaeffer, MGT’s Chief Operating Officer provided the […]
New York State Department of Financial Services Approves Coinbase Trust to Offer Crypto Custody Services
Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase Custody Trust Company LLC, a wholly-owned subsidiary of Coinbase Global, Inc., to operate as a limited purpose trust company. Coinbase Inc. has held Money Transmitter and Virtual Currency licenses from DFS […]
Cryptoasset Taxonomy Report Reveals a Concentration of Crypto Power
Cryptocompare, the cryptocurrency market data aggregator, has published a Cryptoasset Taxonomy Report. The nearly 80-page document is designed to provide investors, regulators and the industry with an independent classification of coins and tokens to help differentiate from a long list of ever-growing options. The report is based on an analysis of over 200 crypto assets, […]
British Overseas Territory Recognizes First Offshore Crypto Entity
The London-based crypto exchange, which is backed by Transferwise founder Taavet Hinrikus and venture capital firm Passion Capital, is the first offshore company to gain recognition as a regulated entity under Gibraltar’s flagship legislation for cryptocurrencies and blockchain companies. Under the British overseas territory’s regulatory framework, Coinfloor will be regulated as a DLT provider. Obi […]
1Broker to Start Processing Withdrawal Requests
Marshall Islands-registered contracts-for-difference broker 1pool Ltd., which operates the 1Broker brand, has announced that the company will revive some if its functions today. The team tweeted that they will start processing clients withdrawal requests. We will start processing withdrawals tomorrow at 12:00 (UTC). Thanks for your patience in the past days! — 1Broker (@1Brokerio) October […]
Yale University Said to Invest in $400 Million Paradigm Crypto Fund
CNBC is also reporting that Yale’s chief investment officer, David Swensen, has also invested for the university in Andreessen Horowitz’s $300 million crypto fund, which closed in June. The news source also cites anonymous sources. Has Yale University just plunged into the turbulent waters of the cryptocurrency space? That’s a big yes, according to an […]
