Cory Johnson, Ripple’s chief market strategist, has proudly had the chance to introduce Ripple and XRP to Trump’s administration. Ripple has been having to deal with a great deal of confusion regarding multiple things that are quite provable. Cory Johnson, chief marketing strategist for the San Francisco-based company, tried to clarify a few points during...The post Ripple Officially Introduced to Trump’s Administration appeared first on Live Bitcoin News.
On October 15, the price of Bitcoin dropped to $6,150, dangerously moving closer to its $6,000 support level which it has well maintained since early August. Due to its low volume, Bitcoin struggled to demonstrate momentum in the mid $6,000 region, failing to hold $6,550, a level it had held fairly well throughout the pastThe post Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally appeared first on CCN
The man who created Atari has moved on to blockchain-based gaming. Neil Bushnell’s X2 Games has been acquired by Canadian-based Global Blockchain (BLOC), a crypto investment firm, in hopes that Bushnell’s expertise will lead to another gaming industry revolution — this time with the help of blockchain technology.The move will see the Canadian company align its existing efforts to tokenize gaming platforms with X2 Games' expertise for game development. BLOC will also merge sections of its media and entertainment business with those of X2 Games Corp. and create a subsidiary for its enterprise and exchange activities, to be run by BLOC's current management and operational team.X2 Games is a blockchain-based games publisher that builds multiplayer gaming experiences, leveraging blockchain technology to create unique gaming experiences for conventional and experimental platforms. X2 Games was created by American businessman and founder of Atari Inc. Nolan Bushnell and acclaimed digital animator Zai Ortiz, known for creating visuals for Iron Man's J.A.R.V.I.S system holograms among others. Bushnell, known as the "Godfather of the Video Game Industry," is a Video Game Hall of Famer and has been included on Newsweek's list of the “50 People Who Changed America.” Bushnell is no stranger to creating blockbuster games with unique "never-been-seen-before-designs." In addition to launching the first Atari 2600 conso...
When one of the biggest Bitcoin critics had his day to testify before Congress, the crypto world knew it would be brutal. Popularly known as Dr. Doom, Nouriel Roubini held nothing back as he attacked crypto, but it was the aftermath that was even more exciting. Roubini called out the industry’s most renowned personality, Vitalik […]The post Weekly Crypto Roundup: Roubini Vs Buterin, Bithumb Sells Stake, Coinbase Lists First ERC-20 Token appeared first on NullTX.
Chengdu, 15 October 2018 – SophiaTX establishes presence in Chengdu, one of the fastest-growing cities in China. China has a dominant place in global manufacturing and trade with many well-known products and entire brands being produced in the country. Such a significant role comes with issues around transparency and trust within the supply chain along with...The post Product Designers and OEMs Heavily Depend on Manufacturing in China, SophiaTX Blockchain Provides Desired Trust and Transparency appeared first on Live Bitcoin News.
Seven years after launch, litecoin is 7th biggest crypto with market cap of over $3 billion and daily transaction volume of $200 million The bitcoin-based cryptocurrency has made its mark as a complement to bitcoin, instead of a competitor.
The Bank of Zambia has started to clamp down on cryptocurrency-related businesses, mere days after declaring that it does not view digital coins such as BTC as legal tender. The crackdown began on Oct. 14, when the central bank announced an investigation into Heritagecoin Resources Ltd. for allegedly laundering money, according to local media reports. […]The post Zambia Launches Crackdown on Crypto Companies appeared first on Bitcoin News.
Fidelity Investments has announced that it’s launching a new cryptocurrency trading arm, called Fidelity Digital Asset Services, that will handle cryptocurrency custody and trading for its customers. Fidelity Investments Announces Fidelity Digital Asset Services Today, Boston-based asset manager responsible for $7.2 trillion in customer assets, Fidelity Investments, revealed a separate new branch focusing on cryptocurrencies...The post Fidelity Becomes First Wall Street Firm to Launch Crypto Branch Trading Desk appeared first on NewsBTC.
While Tether continues to struggle, OKcoin announces four new stablecoin pairing options. On a day when Tether has been in the spotlight again, and the Premium customers paid to buy Bitcoin using it peaked out at $1,000 briefly as the market spiked early this morning, OKEx has announced that it will be providing markets in […]The post OKEx turns to Tether alternatives as stablecoin stable expands appeared first on CryptoNewsReview.
Fidelity will offer institutional cryptocurrency and brokerage in 2019. Fidelity, the $2.5trn Wall St. asset management giant, announced Monday that it will soon begin to offer cryptocurrency custody and brokerage solutions for institutions. These new facilities will be provided by a new off-shoot arm of the business, Fidelity Digital Assets. According to the The Block […]The post Trillion-dollar Wall St. asset management firm moves into crypto appeared first on CryptoNewsReview.
Digital assets platform OKEx has added four stablecoins to its listed assets.According to a support notice published by OKEx, the Hong Kong-based cryptocurrency exchange says that TrustToken's TrueUSD (TUSD), Circle's USDCoin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX) are now live on the platform. These four will join Tether’s USDT, the only stablecoin listed on the exchange prior to this announcement.With the addition of these assets, OKEx now features more stablecoins than any other cryptocurrency exchange.TUSD, which was launched in March 2018, is currently trading on popular exchanges Bittrex, Digifinex and Binance. In addition to this, other newcomer, fiat-collateralized stablecoins USDC, GUSD and PAX came to market last month. Circle’s USDCoin is available on Poloniex, the exchange acquired by Circle earlier this year and on South Korean Hanbitco and Everbloom.Paxos, which issues and redeems PAX tokens one-to-one against the U.S. dollar, trades on Binance, while the Winklevoss' GUSD is available on its native Gemini exchange, HitBTC, Bibox, LATOKEN and others.OKEx, the second largest global exchange by volume according to CoinMarketCap, will start accepting deposits for the four new listings today, October 15, 2018, at 09:00 UTC. The digital asset platform will begin spot trading for the token pairs against bitcoin and tether tomorrow, October 16, 2018, at 06:00 UTC.The listin...
The entire cryptocurrency market is trading in a sea of green today with Bitcoin (BTC) marking a daily high of more than 10 percent. With just a handful of altcoins decreasing in value, stablecoin Tether (USDT), drops down by more than 3 percent. Serious and Sudden Gains The cryptocurrency market rallied today as it gained...The post Cryptocurrency Market Goes Wild While ‘Stablecoin’ Tether Loses Value appeared first on Live Bitcoin News.
Fidelity Investments has launched a new business to allow its institutional clients to trade in digital currencies such as bitcoin, a press release reveals. Known as Fidelity Digital Asset Services, LLC, the company will purchase and sell cryptocurrencies for family offices, hedge funds and other monetary ventures.All coins will be sourced from large, over-the-counter digital exchanges and housed using cold storage to ensure customer funds always remain safe. To start, Fidelity’s services will be limited to bitcoin and ether, though representatives say they’re looking to expand their offerings in 2019. “Our goal is to make digitally native assets, such as bitcoin, much more accessible to investors,” chairman and chief executive of Fidelity, Abigail Johnson, said in a statement. Volatility in crypto prices, along with the lack of custody and other banking services witnessed in the digital currency space, is a point of concern for institutional investors, one that has prevented many of them from feeling comfortable enough to take part in the cryptocurrency space. Fidelity is hoping to change all that by allowing trades and sales in a more traditional, regulated environment and boosting the market maturity of both bitcoin and ether. Fidelity Digital Assets already has 100 employees on its roster, and it will be headed by Tom Jessop, managing director at Goldman Sachs Group Inc. and former president of the ...
Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.In the early hours of October 15, 2018, Tether’s USDT was trading at $0.92, the lowest asking price the coin has seen in 18 months. At the time of writing, the stablecoin still hasn’t made up enough ground to retain its $1 peg. On most markets, it’s currently trading around $0.96, though this figure is tied to bitcoin trading pairs. Against the USD on Kraken and Bittrex, it is trading at $0.92 and $0.90, respectively. A combination of exchange activity, related FUD and scuttlebutt could be the catalysts behind the sell-off. Bitfinex suspended fiat deposits on October 15, 2018, “for certain customer accounts in the face of processing complications,” a blog post reveals. In addition, Binance temporarily suspended USDT withdrawals for “wallet maintenance” due to “network congestion,” a measure taken after the exchange extinguished rumors that said it would soon delist tether.The discount has bitcoin trading at something of a premium against tether on exchanges with USDT/BTC trading pairs. On Binance, Huobi and Bittrex, for example, 1 BTC is trading for nearly 6,700 USDT.Contrast this with bitcoin’s price in USD/BTC markets and it becomes clear that tether’s sell-off is distorting prices across exchanges. On Coinbase Pro, Kraken and Gemini, bitco...
In a press release today, Bitpay – the largest bitcoin payment provider – announced that they are now supporting settlement in two more currencies: Circle (USD) Coin, and Gemini (US) Dollar. The decision to add settlement in stablecoins makes perfect sense during these volatile periods. It allows merchants to avoid any market volatility by converting […]The post BitPay Adds Settlement in Gemini Dollar (GUSD) and Circle Coin (USDC) appeared first on NullTX.
After last week’s price drop, investors have become optimistic in the positive short-term trend of crypto. The new bull run is being led by Bitcoin, which has managed to regain and exceed its former bottom of $6,000. According to the data provided by Bitfinex, BTC against Tether (USDT) exceeded $7,700. This unexpected surge in the...The post This May Be the End of Bitfinex, One of the Biggest Exchanges in Crypto appeared first on NewsBTC.
On the heels of a massive 10% price jump in Bitcoin (BTC) and after a rocky week for the stock market, Fidelity has announced plans to store and trade digital currencies for their institutional clients. Currently, Fidelity manages $7.2 trillion dollars in total assets, and services more than 27 million customers. Fidelity is leading the United States in 401(k) retirement savings plans, and is one of the largest 403(b) retirement plan providers for not-for-profit institutions. JustRead MoreThe post With Stocks Looking Rocky, Fidelity Has Launched a New Company Allowing Hedge Funds to Trade Bitcoin and Ethereum appeared first on Bitcoinist.com.
Bitcoin on Monday pursued a fake upside action across several exchanges, mainly BitFinex, after stablecoin Tether (USDT) started falling. The BTC/USD responded to the upside action witnessed in the BTC/USDT market. USDT traders started exiting their positions amidst growing concerns about BitFinex’s insolvency and its impact on the coin’s liquidity. The more traders swapped USDTThe post Bitcoin Price Intraday Analysis: BTC/USD Goes Haywire as USDT Declines appeared first on CCN
If you are a young fortune-hunter toiling away on a computer in a basement, the prospect of death probably isn’t among your top considerations. Equally, if the main draw to crypto is its relative privacy, you may not be particularly eager to share your private keys with your loved ones, as a hacker could sift […]The post Bitcoin After Death: The Perils of Sharing One’s Fortune appeared first on Bitcoin News.
Spring Labs, a United States based blockchain start-up, announced on Oct. 12 that Gary Cohn, former economic advisor to President Donald Trump, has agreed to join the company’s board as an advisor. This is Cohn’s first career move after he resigned from his post at the White House earlier this April. Cohn’s decision doesn’t come […]Former Economic Advisor to Donald Trump Joins Blockchain Start-up was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
One of the biggest names in financial services wants to help institutional investors add bitcoin and other cryptocurrency assets to their multi-billion dollar portfolios. Citing proven institutional demand for cryptocurrency products, Fidelity Investments, the fifth-largest asset manager in the world with 27 million clients and $7.2 trillion in customer assets, has announced that it willThe post Mainstream: $7.2 Trillion Asset Manager Fidelity Will Help Customers Invest in Bitcoin appeared first on CCN
Barclays has reportedly put plans for a cryptocurrency trading platform on pause, according to sources familiar with the matter. Barclays Puts Crypto Trading Project on Hold U.K.-based multinational bank and financial services company Barclays is said to have frozen a project that would see the firm launching a cryptocurrency trading desk, two sources “familiar with...The post Barclays’ Crypto Trading Desk Put ‘on Ice’ as Competition Heats Up appeared first on NewsBTC.
On the latest episode of Epicenter Bitcoin, our hosts interviewed Jake Brukhman, the founder and managing director of Coinfund, as well as his chief alchemist Aleksandr Bulkin. The pair came to discuss some of the philosophy that goes into running a crypto fund, as well as some of the difficult business decisions they have to make on the priorities of investments, before talking about some of the promising technologies they are involved with.As a rare treat, this episode also begins by introducing a new host to the regular lineup of the podcast. Dr. Friederike Ernst adds a precise and informative voice to the line of questioning in this interview with Coinfund, and her presence is sure to be a welcome feature on future episodes. Meher Roy, a regular host of the show, joined her in leading a thorough discussion of the issues at hand. When asked what makes a crypto fund a crypto fund, Brukhman responded that there is essentially an entirely new asset class at play: crypto assets. He added that “each new asset class has unique properties that influence the people investing in it.” To fully take advantage of these features, a fund must be structured with these assets in mind from the beginning. Sometimes, he claimed, a crypto fund heavily resembles a venture capitalist fund, while at other times it will deal with enough high-liquidity assets to more closely resemble a hedge fund. Bulkin added that flexibili...
We are elated to announce that Roger Ver, CEO of Bitcoin.com and Mate Tokay, COO of Bitcoin.com joined Azbit as our Advisors!Apparently the subject on everyone's mind today is “Roger Ver is planning to open his own cryptocurrency exchange”. The global crypto community of course took his statement seriously since “Bitcoin Jesus” has a good eye for the major upcoming industry trends.The post PR: Roger Ver Joins Azbit Crypto Exchange Advisory Board appeared first on Bitcoin News.
Amidst confusion and uncertainty prevailing in India, Unocoin launches the first cryptocurrency ATM in the country. India Gets Its First Crypto ATM Unocoin, the oldest cryptocurrency exchange of India, launched the country’s first cryptocurrency ATM earlier on Sunday. The ATM was launched in the southern city of Bengaluru, and the company plans to expand the...The post Cryptocurrency Exchange Unocoin Launches India’s First Cryptocurrency ATM appeared first on Live Bitcoin News.
One of the primary use cases of cryptocurrencies and blockchains is to disrupt the existing banking network and create space for faster, hassle-free transactions. RippleNet is designed to offer these solutions, working in collaboration with banks and other financial institutions and improving their cross-border settlements. An XRP supporter is now explaining how the blockchain system […]XRP Supports Claims That RippleNet Is a ‘Strong Alternative to SWIFT’ was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
Bitfinex’s $1,000 premium on Bitcoin, which sent its price shooting upwards of $7,500, and Tether’s 6% drop on Monday, has created a lot of commotion in the crypto-sphere. The currency’s wild price swing, which was observed only on Tether-enabled cryptocurrency exchanges, has left cryptocurrency supporters speculating about the implications of this non-uniform price movement. The...The post Bitfinex Premium on Bitcoin Hit $1,000 Today, Can It Affect the SEC’s Decision? appeared first on NewsBTC.
Bitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” Gemini Dollar (GUSD) and USD Coin (USDC), providing them with the ability to denominate their operations in cryptocurrency while remaining immune from market volatility. The Atlanta-based BitPay made the announcement on Monday, explaining that it will allow merchants inThe post Bitcoin Payment Processor BitPay Launches Stablecoin Settlement [Tether’s Not Invited] appeared first on CCN
London-based multinational investment bank agiant Barclays has reportedly halted work on its cryptocurrency trading project. Barclays Stops Cryptocurrency Trading Project One of the leading multinational investment banks Barclays has put its work on a cryptocurrency trading project to an end or “on ice,” Financial News London reports, citing two people familiar with the matter. Earlier this year, the bank had put together a senior team of specialists to explore how it could incorporate trading of cryptocurrencies intoRead MoreThe post Barclays Puts Its Cryptocurrency Trading Platform ‘On Ice’ appeared first on Bitcoinist.com.
Traveling with crypto is becoming a reality with the establishment of the world's first Bitcoin City entertainment centre in Slovenia.The post World’s First Bitcoin City Welcomes Visitors in Slovenia appeared first on CoinSpeaker.
New research shows that one out of five hedge funds launched thus far this year has been a cryptocurrency-focused hedge fund. This is a surprising statistic in light of the 2018 bear market, but it may indicate that managers and investors are still optimistic about the long-term outlook and want to capitalize on current low […]The post Research: 1 of 5 New Hedge Funds in 2018 Is a Crypto Fund appeared first on Bitcoin News.
The Financial Crimes Enforcement Network (FinCEN) issued an advisory report on Oct. 11 to US financial institutions warning them about Iran’s activities to “exploit the financial system” and evade US sanctions using cryptocurrencies. According to the paper, entitled Advisory on the Iranian Regime’s Illicit and Malign Activities and Attempts to Exploit the Financial System, FinCEN […]FinCEN Warning: Iran Destabilizing the Financial System and Using Cryptocurrencies to Dodge Sanctions was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
The International Monetary Fund (IMF) and the World Bank have weighed in on sovereign considerations and global implications of blockchain and other financial services technologies.The Bali Fintech Agenda, released at the conclusion of their annual meeting, distills the issues and concerns around disruptive technologies like distributed ledgers and smart contracts. The 12-point agenda intends to provide guidance to countries in their assessments of policy options around specific circumstances and priorities. “Countries are demanding deeper access to financial markets,” World Bank Group President Jim Yong Kim said in statement on the agenda framework. “The Bali Fintech Agenda provides a framework to support the Sustainable Development Goals, particularly in low-income countries where access to financial services is low.” IMF Managing Director Christine Lagarde echoed the sentiment. Pointing to the estimated 1.7 billion adults around the world without access to the financial services sector, she said, “Fintech can have a major social and economic impact for them and across the membership in general. All countries are trying to reap these benefits, while also mitigating the risks.”As outlined in an IMF press release, the focus of the 189 member countries must include the following goals:Embrace the Promise of Fintech Especially for low-income countries, small states and the underserved, fintech can hasten ...
Barclays has suspended its work on a proposed cryptocurrency trading platform. The UK banking behemoth, for now, prefers not to incorporate digital assets into its legacy trading activities. Not Pursuing Cryptocurrency Trading for Now According to the Financial News, the investment banking giant is halting work on its cryptocurrency trading initiative. Inside sources reveal that...The post Barclays Puts Proposed Cryptocurrency Trading Desk on Hold appeared first on Live Bitcoin News.
Ethereum has continued to mirror Bitcoin with the recent bullish and bearish movements. Bitcoin broke out of its triangle pattern which it had been forming since January on Thursday. Bitcoin underwent a bearish movement which saw it drop below the lower trendline of the triangle. Ethereum followed this movement on large volume and underperformed. While […]Ethereum Continues to Mirror Bitcoin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
Tether LLC, the issuer of the eponymous USD-backed cryptocurrency tether (USDT), pulled $300 million worth of the “stablecoin” out of circulation last week, just days before the token lost its dollar peg. Blockchain data from Omni, the second-layer protocol that operates on the Bitcoin blockchain and serves as the infrastructure for the tether token, revealsThe post Tether Pulled $300 Million in Cryptocurrency out of Circulation Last Week appeared first on CCN
Cryptocurrency-related crimes are closely resembling those drawn out of a James Bond movie script. In late September, Oklahoma officials arrested two men, 21-year-old Joseph Harris and 23-year-old Fletcher Robert Childers, for allegedly stealing around $14 million using SIM-swapping methods from Crowd Machine, a blockchain firm. According to sources, one of the suspects, Harris, is a […]Oklahoma Officials Arrest 2 Men Suspected of Masterminding a $14-Million SIM Swap Cryptocurrency Heist was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
The stablecoin USD Tether, USDT, has dropped significantly against the asset that it is meant to be pegged to over the past 24 hours. The drop has resulted in a significant premium to the assets listed on the Bitfinex exchange as these are priced against USDT as opposed to USD. While USDT typically remains in […]Dollar Pegged Stable Coin USD Tether [USDT] Drops Against the Dollar was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted to other cryptocurrencies, including Bitcoin, raising their...The post Peer Stablecoins are Showing 10% Premium against a Weak Tether appeared first on NewsBTC.
After two weeks of consolidation and volatility forming new lows almost every day, it looked as if the price was going to have a bearish breakout. A fall on Thursday saw price trade below the triangle pattern which had been forming since January. The bottom trendline of the triangle pattern was expected to turn from […]Strong Bullish Outlook for Bitcoin After Recent Spike was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
The price of Tether (USDT), a crypto stablecoin backed by the US dollar pegged to $1, has fallen by around 4 percent in the past 24 hours to $0.96. As USDT fell, it became more expensive for traders to purchase major cryptocurrencies like Bitcoin and Ethereum with USDT, pushing the premium of cryptocurrencies up onThe post Tether Imploding as it Falls 4% = An Important Step Toward Crypto Market Growth appeared first on CCN
Crypto investors are now becoming discerning when it comes to dealing with crypto exchanges and would rather pick one that is overseen by a government agency. Thankfully, investors in the Persian Gulf region will soon have a fully regulated crypto exchange in their midst — the Bahrain-based Rain Financial. Rain Financial About to Exit From […]Rain Financial Aims to Be First Fully Regulated Crypto Exchange in Persian Gulf Region was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
Cryptocurrency markets rallied on Monday morning, with bitcoin leading the charge. Bitcoin climbed as high as US$7,000 on some exchanges, marking largest single-day rally in months. As expected, many other cryptocurrencies followed suit, with ether and XRP both posting double digit gains before falling back slightly. The big surprise, however, was Tether which came unhinged […]The post Tether hits record low against USD appeared first on Crypto Insider.
Crypto asset prices are down at least 75% across the board for the most part. But strangely enough, institutions and mainstream entities continue to gain interest and involvement.The post When the next crypto bull run happens, it’s going to be epic appeared first on Crypto Insider.
The Hong Kong Securities and Futures Commission (SFC) will be working with BitMEX to create clearer regulations for crypto exchanges in the country. While becoming increasingly common, cryptocurrency regulations can be tricky. How far can authorities actually push the process? Tokens that are deemed as securities can be regulated by certain authorities like the SEC but...The post Hong Kong Authorities Work with BitMEX to Develop Regulations appeared first on Live Bitcoin News.
With its authorities supportive of its crypto sector, Switzerland is inching closer to its goal of becoming a major cryptocurrency hub. Recently, the nation’s financial regulator just granted its first crypto asset management license to a Zug-based start-up, which allows it to offer blockchain-based assets even to institutional investors. FINMA Upgrades Crypto Fund’s License Crypto […]Crypto Fund AG Granted First Crypto Asset Management License in Switzerland, Plans to Expand to Asia was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
The demise of Tether has been a car crash in slow motion. An unswervable event that has played out over the course of months, it has reached a crescendo in the past 24 hours, with tether slipping significantly from its dollar peg. It is possible, perhaps even probable, that it will regain parity with the […]The post The Fall of Tether and What It Means for the Cryptocurrency Markets appeared first on Bitcoin News.