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 […]
Ripple Price Analysis: XRP Broke Key Support, More Losses Ahead
After struggling to clear the $0.4000 resistance, ripple price started a downside move against the US Dollar. The XRP/USD pair declined heavily and broke the $0.3800 and $0.3550 support levels. There was even a close below the $0.3600 level and the 100 hourly simple moving average. Finally, the price broke the $0.3440 support and traded […]
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 […]
In Bear Market, Korea’s Biggest Crypto Project ICON Showed Solid Progress
A goodbye note from Deblock’s now-former Head of Research revealed the progress of their ICON blockchain project in all these months. And they looked extremely positive. As he left the company to pursue his startup, Markus Jun noted ICON as one of the very few blockchain projects that showed significant accomplishments despite staying inside a […]
Coinbase CEO: Crypto in VR is the Next Big Application of Blockchain
Either it will be the best thing the crypto world will ever experience or a farce in the name of the best thing the world will ever experience. That’s pretty much the discussion around virtual reality (VR), a technology which allows humans beings to experience an immersive illusion of being somewhere else. Many Hollywood blockbusters, […]
Tech Partners With Irish Red Cross for Blockchain-Powered App
Dublin-headquartered start-up that has developed blockchain technology to distribute international aid in refugee camps, has teamed up with the Irish Red Cross for a new app that brings transparency to charitable donations. The start-up, which was last month named as the overall Irish Times Innovation of the Year award winner, said its new TraceDonate app […]
ConsenSys Plans to Spin out Most of its Startups, and it’s Going to Mean Layoffs
Layoffs are coming to ConsenSys, the Ethereum-focused startup incubator and blockchain technology conglomerate. According to sources at the company, ConsenSys is quickly spinning out startups that it previously supported, which will drastically impact its workforce and leave an uncertain fate for one of the blockchain world’s most ambitious and well-funded startups. ConsenSys runs an internal […]
Facebook Is Developing a Cryptocurrency for WhatsApp Transfers
Facebook Inc. is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter. The company is developing a stablecoin — a type of digital currency pegged to the U.S. dollar — to minimize volatility, […]
Blockchain Transparency Institute: Crypto Exchange Volumes Report
Methodologies for our reports have evolved since our initial report focusing primarily on web traffic, followed by our November report, in which we added data collected from exchanges on mobile app usage and API trading. For our December report we’ve taken a deeper dive into specific trading pairs on exchanges which are showing clear evidence […]
Egypt’s Central Bank Studies Issuing Digital Currency
Egypt’s central bank is studying issuing a digital currency, its sub governor Ayman Hussein said at conference in Abu Dhabi on Sunday. The central bank is conducting the feasibility studies in cooperation with a number of international financial institutions, Hussein said, without disclosing names or specifying whether the anticipated currency would be traded for banks […]
Bain-Backed Crypto Startup Closes as Securities Laws Bite
The worst thing you can call a cryptocurrency project isn’t a “scam” or a “Ponzi scheme” — although many have been called that. It’s a “security.” By casting digital assets in with stocks and bonds, the more stringent rules governing those traditional asset classes will be applied to cryptos. For proof of what that can […]
Unabashed Bitcoin Bull Thomas Lee Says the Market Is Wrong
Back in May, Thomas Lee, head of research at Fundstrat Global Advisors was predicting a rally to $25,000 by the end of the year. And despite things not playing quite in his favor — the cryptocurrency is currently trading below $3,400 — he’s sticking to his guns. Bitcoin’s fair value, given the number of active […]
Mike Novogratz Explains Why He’s Still All-In on Crypto
No one on Wall Street embraced cryptocurrencies with as much gusto as legendary trader Mike Novogratz. After Jamie Dimon called Bitcoin a “fraud”in September 2017, Novo, as he’s known, predicted, correctly, it would hit $10,000 and keep climbing. The former hedge fund manager and Goldman Sachs Group Inc. partner became an unlikely hero of the […]
PayPal Launches Blockchain-Based Reward System for Employees
The company has launched an internal blockchain-based incentive platform for employees, Cheddar has learned. The initiative was built over a period of six months by about 25 people in PayPal’s ($PYPL) San Jose-based innovation lab and launched in mid-November, according to Michael Todasco, the director of innovation. Employees can access their tokens through the company’s […]
Social Reality Announces CFO Transition
Social Reality, Inc., a digital marketing and consumer data management technology company, reported J.P. Hannan will step down from his role as Chief Financial Officer. Mr. Hannan will continue to work for the Company during a yet to be determined transitional period. After Mr. Hannan’s last day of employment, Christopher Miglino, the Company’s president and […]
Cryptocurrency CEO Indicted After Defrauding Investors of $4 Million
AriseBank CEO Jared Rice, Sr. was arrested by the FBI on Wednesday, charged with duping hundreds of investors out of more than $4 million in a cryptocurrency scheme, announced U.S. Attorney for the Northern District of Texas Erin Nealy Cox. Mr. Rice, who is also the subject of a civil action filed by the SEC’s […]
Bitcoin Gets a Thumbs Up From New York Stock Exchange’s Chairman
Bitcoin has plunged in price in the past year, but the CEO of one of the world’s biggest exchange operators isn’t deterred from entering the space. Jeffrey Sprecher, CEO of IntercontinentalExchange (ticker: ICE) and chairman of the New York Stock Exchange, spoke enthusiastically about cryptocurrencies at the Consensus Invest conference in New York on Tuesday. […]
Bitfinex Announces Tether Neutrality and Launches New Stablecoin Pairs
Continuing our heritage of providing a neutral, coin-agnostic platform, from today Bitfinex users will be able to trade Tether-fiat directly on our platform through the addition of USDT/USD and EURT/EUR Tether trading pairs. This replaces the previous 1:1 conversion on deposits and withdrawals provided by Bitfinex, and reflects the increasing range of choice in the […]
