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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Binance’s venture arm led a $5.7 million Series A round to launch new decentralized blockchain protocol. A venture arm of major global crypto exchange Binance has led a $5.7 million funding round to launch new decentralized blockchain protocol, the FIO Protocol. According to a press release shared with Cointelegraph on Sept. 5, Binance labs has […]
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Bitcoin price stable after rising more than $1,300 in a week as forecasters look towards the end of the month for what’s next. Bitcoin (BTC) price continued to fluctuate around $10,500 on Sept. 5 as the largest cryptocurrency stopped short of breaking $11,000. Market visualization. Source: Coin360 Bitcoin simmers after latest $11K moonshot Data from […]
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The SEC has not requested Overstock for information within the ongoing probe since December 2018, interim CEO says. Patrick Byrne’s exit from Overstock has nothing to do with the allegedly ongoing regulatory investigation, the firm’s interim CEO said. No requests since December 2018 Overstock’s interim CEO Jonathan Johnson claimed that the alleged probe by the […]
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South Korea’s pop music giant SM Entertainment is building a dedicated cryptocurrency and blockchain. Korean pop music giant SM Entertainment revealed plans to build its own cryptocurrency and blockchain in partnership with tech organization CTIA Labs. CT-AI Labs CEO Sang-Sik Joo announced the initiative at the developer conference of South Korean crypto exchange UpBit, local […]
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