After failing to break $10,800, Bitcoin continues to see red, while gold sees the worst daily percentage drop in over 2.5 years. Thursday, Sept. 5 — after failing to break $10,800 price point, Bitcoin continued to hover around $10,500, while most of the top 20 coins saw major losses. Market visualization | Source: Coin360 After […]
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Vanbex sells Rocket and CryptoTaxes to crypto exchange Hyperion Technologies amid ongoing investigation into alleged fraud during ICO. Securities and cryptocurrency exchange Hyperion Technologies acquired two products developed by blockchain consulting firm Vanbex Labs, which is currently under investigation in British Columbia. Vanbex announced in a post published on its blog on Sept. 4 that […]
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The cryptocurrency insurance market is expected to outpace cybersecurity insurance, with giants like Lloyd’s of London and Aon among potential major players. The cryptocurrency insurance market is expected to grow at a faster rate if United States regulators provide more regulatory clarity, according to industry experts. As Forbes reported on Sept. 5, CEO of San […]
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A guide to blockchain interoperability — one of the main hurdles in the way of mass adoption of the technology and the ways it could be overcome. Are blockchain interoperable now? The short answer is no. Not yet, at least. Cryptocurrency exchanges are still a strong medium for interoperability in the crypto space. If someone […]
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Paxos, the stablecoin operator behind PAX Standard, announced what it claims is the first crypto asset redeemable for physical gold. Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token. Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset […]
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Veteran frontier markets investor Mark Mobius thinks that Bitcoin needs to be backed by gold and blockchain is risky. Famous emerging markets investor Mark Mobius believes that Bitcoin (BTC) needs to be backed by gold to have any value. Crypto and blockchain are “very risky situations” Mobius, founder at frontier markets asset manager Mobius Capital […]
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Winklevoss-led Gemini crypto exchange has introduced its clearing and settlement product Gemini Clearing. The Winklevoss brothers-led Gemini crypto exchange has introduced its new clearing and settlement product Gemini Clearing. No OTC desk on Gemini Gemini announced the new clearing and settlement solution in a blog post on Sept. 5, explaining that the Gemini Clearing allows […]
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Ethereum is at a critical point as the $160 support level becomes the battleground for the bulls and bears to determine where ETH price goes from here. Trading Ether (ETH) is rarely easy, particularly when bad news surrounding one of the most popular cryptocurrencies isn’t offering any reprieve for enthusiasts. But it’s often a good […]
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Crypto exchange Binance and blockchain trust company Paxos join forces to launch USD-backed stablecoin, approved by the NYDFS. Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS) Binance USD […]
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Apple Pay sees potential in cryptocurrencies, the company’s vice president Jennifer Bailey said during a recent interview. Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company sees potential in cryptocurrencies. CNN reported on Sept. 5 that Bailey told the outlet’s chief business correspondent Christine Romans at a private event […]
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