For the fifth time since its 2019 rally began, Bitcoin has dipped back into the four figure price range. The move has not been unexpected, however it is clear that this bull run has exhausted its supply of buyers for now. If BTC dominance declines, will it be a chance for the altcoins to shine?Bitcoin...Read More
Photo: Anchorage / Medium Anchorage clients who hold Stellar or Tezos now are in for a treat. Anchorage just announced that they are adding these assets to its list of eligible assets, the company co-founder and president Diogo Monica announced in a medium blog post. For those who hold Stellar, they can now receive inflation...Read More
While it’s still widely regarded as being safer to hold one’s own funds than entrust them to an exchange, Gemini’s standards suggest it may be angled as more of an actual cryptocurrency custodian than other exchanges. Cryptocurrency exchange and custodian Gemini, announced they’re expanding their business to Australia. Australian citizens can now download the Gemini...Read More
The Tron Foundation entered the cryptocurrency market only in 2018, fairly late when compared to other cryptocurrencies. However, this hasn’t posed as a hindrance to the Tron Foundation’s growth as there seems to be no stopping to the Foundation’s accomplishments. Several people have speculated that Tron’s Founder and CEO, Justin Sun, and his marketing skills,...Read More
Vitalik Buterin was in the news after speaking to the newspaper, ‘Toronto Star’, and stating that “Scalability is a big bottleneck because the Ethereum blockchain is almost full.” High transaction fees are obstructing widespread adoption, he said. His words were, “If you’re a bigger organization, the calculus is that if we join, it will not...Read More
At the wake of an increased patronage for stablecoins, Tether adds yet another stablecoin to its repository, unveiling that this new ‘CNHT’ stablecoin would be tied to the offshore Chinese Yuan. Tether – the foremost yet controversial distributor of stablecoins recently announced the launch of a new stablecoin. This new cryptocurrency tagged ‘CNHT’ is pegged...Read More
Photo: A1 Austria’s telecommunications giant and the country’s largest mobile service provider A1 has officially announced accepting cryptocurrency payments at some of its store locations across Austria. In the official announcement, A1 states that in its pilot project, they will accept cryptocurrency payments at some A1 shops while demonstrating global businesses that integrating digital currency...Read More
The contentious stablecoin operator, Tether, is all set to issue a new stablecoin, CNHT, pegged to CNH, offshore Chinese Yuan Renminbi. The news was confirmed by Zhao Dong of DGroup, who spoke to ChainNews on August 21. RenrenBit, the digital asset management platform of Bitfinex shareholder, Zhao Dong, will be the first firm to invest...Read More
A market wide dump this Wednesday has seen $15 billion exit crypto markets as Bitcoin leads them back down again. The choppy conditions have continued and BTC has remained range bound for now but this could be its fifth foray into four figure prices.Weekly Crypto Gains Wiped OutSince the weekend, BTC has been steadily gaining...Read More
Earlier this month Kik released a 130-page filing that accused the Securities and Exchange Commission of “twist[ing] facts” in its lawsuit against the company’s 2017 Kin token sale. The company disputes claims that the 2017 sale of KIN tokens, which raised more than $100M, was a desperate attempt to save the company from ruin, and...Read More
Tezos [XTZ], the seventeenth-largest coin by market cap, has witnessed rapid growth from the time of its launch. Recently, Tezos surpassed DASH and stood in the fifteenth position briefly, before falling again. The price of the coin, at press time, was falling by 3.48% over the last 24 hours. At the time of writing, the...Read More
Amid the roller-coaster market, Ethereum remained the best performing altcoin since inception, signaling strong support from the skeptical community. While efforts to improve ETH’s use cases are primary attributed as one of the reasons for the crypto’s sluggish trading value, Ethereum’s Vitalik Buterin announced an update regarding the soon to expected “Istanbul hard fork.” He...Read More
The cryptocurrency industry continued to mature while eliminating FOMOs and FUDs at all stages. With the FOMO-fuelled spectacular but short-lived crypto rallies and FUDs-led dumps, the industry has begun to show signs of maturity. The market started off on a slow note in 2019 after the infamous Bitcoin crash the previous year. The market, however,...Read More
In what seems like a part of the ongoing effort toward its ecosystem’s development, Cardano Foundation announced teaming up with Messari. The official announcement stated, “We’ve joined @MessariCrypto for #Cardano to be listed in their #open-source disclosures registry to increase transparency. More details and formal announcement to follow once the listing is live.” This information...Read More
Ethereum naysayers were out in force as the week began after co-founder Vitalik Buterin warned that the network’s blockchain was “almost full.” Buterin: ETH ‘Already Expensive’ In an interview with Canadian mainstream news outlet The Star, Buterin, discussed the future of Ethereum, along with the problems cryptocurrency faces on the path to broader adoption. Using...Read More
A recent run-up in the bitcoin price has been credited to a string of events: the US-China trade war, determined monetary easing by central banks, price manipulation via Tether’s stablecoin USDT, Facebook’s plans to launch its cryptocurrency, as well as a weakening Renminbi. But another factor may be lifting bitcoin as well: altcoins.New York-based Ark Investment...Read More
The New York Supreme Court ruled that the matter between the state’s Attorney General and iFinex, the parent company of the exchange Bitfinex, may continue. The New York Supreme Court ordered the New York Office of the Attorney General (NYAG) to process with their investigation and prosecution of iFinex, the parent company of cryptocurrency exchange...Read More
During his recent interview, Vitalik Buterin stressed on key factors of scalability, account security and usability which will steer ahead of the mass adoption of digital currencies. The cryptocurrency community is closely watching all the developments taking place in the Ethereum ecosystem. Over the last year, Ethereum developers have been rigorously working on improving the...Read More
Photo: INX / Twitter INX Limited is a cryptocurrency exchange startup which plans to do an IPO as their token sale. The main difference is that this time the whole party wants to be properly regulated. While it is known that the 2017 ICO craze was completely unregulated and everybody could get away with it,...Read More
Anchor, a two-token stablecoin algorithmically pegged to the global economy, has launched beta testing of its new Anchor Wallet. Developed in partnership with Ambisafe, the wallet allows users to directly purchase ANCT stable tokens with any fiat currency, or major cryptocurrencies such as BTC, ETH, USDT and USDC. The ANCT is based on the the...Read More
A Bitcoin Twitter account with almost a million followers has dumped Bitcoin Cash in favor of Bitcoin itself – and everyone is trying to explain why. @Bitcoin Finally Promotes Bitcoin Again In a seemingly random turn of events, @Bitcoin, one of the Bitcoin industry’s biggest misnomers, suddenly began promoting Bitcoin 00, in line with its...Read More
The Tron Foundation updated the community about recent developments in its ecosystem through its weekly report. The report highlighted the progress of Tron over the past week. The community was elated by the fact that block height had exceeded 11.86 million, while registering 1,145 nodes in Tron ecosystem. Further, real-time accounts also grew and stood...Read More
Since April of this year when Bitcoin first spiked over $1,000 in a matter of minutes, sending the first-ever crypto asset out of its bear market depths, Bitcoin dominance has soared, indicating that much of Bitcoin’s rally was fueled by altcoin-driven selling. The impact can be seen in both Bitcoin’s price outperforming most altcoins by...Read More
Social media giant Facebook has been under the spotlight for quite some time, following its entry into the crypto world with its coin Libra. In recent news, six lawmakers from the U.S. are said to visit Switzerland to further discuss the launch of the cryptocurrency. Despite the obstacles Libra is facing, the Libra testnet is...Read More
ZenGo crypto wallet has announced the support for Facebook’s Libra testnet which gives its users a first-hand experience of using Facebook’s native cryptocurrency. Facebook announced its native cryptocurrency Libra in June 2019 scheduled to launch next year in early 2020. However, apart from its native crypto wallet Calibra, Libra is already getting the support of...Read More
Photo: PriceMinister / Flickr Japanese e-commerce giant Rakuten has completed registration of its cryptocurrency exchange Rakuten Wallet, which will go live next month, the company confirmed in a press release. Rakuten, which follows several major Japanese tech players in entering the crypto exchange market, renamed its product from Everybody’s Bitcoin earlier this month. The company...Read More
The U.S. House Financial Services Committee delegation plans to visit Switzerland to exchange views about Facebook’s Libra with the Swiss FDPIC Adrian Lobsiger. A United States House of Representatives delegation plans to visit Switzerland on cryptocurrency concerns. Libra stablecoin, which is the Facebook‘s project, will be the primary focus of these discussions. A group of...Read More
Thousands of spinoffs of the world’s leading cryptocurrency Bitcoin are expanding into the void, according to market analyst Josh Rager.The Bloockroots.com co-founder on Sunday said the demand for “highly speculative” alternative cryptocurrencies, or altcoins, is falling. The analyst noted that institutional investors now look at bitcoin, the first cryptocurrency, as their preferred choice of investment....Read More
Black Manta Capital Partners (BMCP) announced the successful reception of the BaFin licence. As a result of the licence, the company will be able to “provide regulated financial brokerage services using blockchain technology in accordance with the MiFID II regime.” Based on the original press release, “With so-called Security Tokenization, BMCP converts rights to an asset...Read More
The Santander Group plans to establish a new payments corridor in Latin America allowing countries to make instant payments to the U.S. using Ripple’s xCurrent payment solution. Although XRP has been a poor performer so far in 2019, Ripple‘s blockchain-based money transfer and remittance solutions continue to make progress. Santander Group, the Spanish banking giant,...Read More
