IBM Partners With Startup To Launch New Stablecoin

Does the cryptocurrency world need another stablecoin? IBM Corp., a company which has been struggling to convince the stock market of its future growth prospects, seems to think so. The Armonk, NY – based company has partnered with Stronghold, a startup, to launch a stablecoin (or coins that are backed by fiat currencies) insured by banks certified by the FDIC. The stablecoin is called USD … Continue reading IBM Partners With Startup To Launch New Stablecoin

Bitcoin Price Breaks Out Over $7,000 Barrier

Could this be the start of a turnaround? Bitcoin price, which has been in a downward spiral since the start of this year, is showing signs of reversing course. It raced past $7,000, a figure it had last touched more than a month ago, this afternoon. Within a short time span of two hours, bitcoin price jumped by 8.6% to $7,341, before settling into a … Continue reading Bitcoin Price Breaks Out Over $7,000 Barrier

Bitcoin’s Hashrate Has Skyrocketed In The Last Year. Why?

Despite the precipitous decline in it’s price, bitcoin’s hashrate (or the amount of computing power deployed to its network) has skyrocketed. Approximately a year ago, bitcoin had 6.018 exahash of computing power dedicated to its network. As of yesterday, bitcoin’s hashrate was equal to 38.42 exahashes. (1 hash in bitcoin is equal to one round of SHA-256, the cryptocurrency’s mining algorithm and 1 exahash is … Continue reading Bitcoin’s Hashrate Has Skyrocketed In The Last Year. Why?

Bitcoin Price Falls

After registering a sudden bump last week, bitcoin’s price is on a downward roll once again. At 16:30 UTC, the original cryptocurrency’s price is trading at $6,372.01, a decline of 5% from less than 24 hours ago. Bitcoin’s swoon has had a domino effect on prices for other cryptos. Ether, the second most-valuable crypto in the market, is down by 10% from its price yesterday … Continue reading Bitcoin Price Falls

Cboe Again Files To List And Trade Bitcoin ETF

The Chicago Board Options Exchange (Cboe) has again filed an application with the SEC to list and trade bitcoin ETFs. The application, which is for VanEck SolidX Bitcoin Trust, was filed in the last week of June. This is the Cboe’s third attempt to get the federal agency to approve a bitcoin ETF. Its earlier attempts were turned down by the SEC, which highlighted its … Continue reading Cboe Again Files To List And Trade Bitcoin ETF

Hardware Wallet Maker Ledger Launches Software App To Manage Crypto

Hardware wallet Ledger has launched Ledger Live, an app for managing its cryptocurrency hardware wallet. The app supports a broad swathe of popular cryptocurrencies and is open source to enable developers to design third party apps that integrate with other apps in the ecosystem. “We believe that digital asset investment and storage should be as simple as any other online transaction, so we’ve brought together … Continue reading Hardware Wallet Maker Ledger Launches Software App To Manage Crypto

Privacy-Focused Blockchain Platform Oasis Raises $45 Million From Top VCs

For all their popularity, blockchain platforms have been plagued by an ever-growing list of compromised security scandals, thefts and hacks. This has had a detrimental effect on the reputation and valuation of the ecosystem. Now a slew of top venture capital firms is backing Oasis, a blockchain-based cloud platform which promises a solution to the problem. Oasis describes itself as a privacy-first, high-performance cloud computing … Continue reading Privacy-Focused Blockchain Platform Oasis Raises $45 Million From Top VCs

The Perils Of Cryptocurrency Mining For Québec

Last year Canada’s Québec province announced it was open for business for the crypto mining community. The thinking for Hydro Québec, the region’s utility, was that it could use surplus capacity as a nice little side business for crypto miners. By May, it had stopped approving new crypto mining projects. What went wrong? Hydro Québec has been flooded with requests from local and international miners, … Continue reading The Perils Of Cryptocurrency Mining For Québec

South Korea To Recognize Crypto Exchanges As Regulated Financial Institutions

South Korea is taking a major step in legitimizing cryptocurrency exchanges by drafting standards that will eventually classify such exchanges as regulated financial institutions. The coverage area for the standards is broad and includes multiple elements of the cryptocurrency and blockchain ecosystem. The government is soliciting inputs from a wide variety of stakeholders. According to reports, the list consists of 43 government ministries, 17 regional … Continue reading South Korea To Recognize Crypto Exchanges As Regulated Financial Institutions

Mobile Ethereum Client Status Partners With OmiseGo

Status, the mobile ethereum client which reportedly raised $100 million within 24 hours during its ICO last year, plans to integrate decentralized exchange DEX onto its platform. DEX is being developed by OmiseGO, a subsidiary of Omise, a Singapore-based payment gateway. In its online guide, the company describes DEX as being a scalable and secure Proof-of-Stake blockchain on which any form of digital asset can … Continue reading Mobile Ethereum Client Status Partners With OmiseGo

Europe’s Biggest ETF Trader Is Turning Market Marker For Crypto

Europe’s biggest prop trading shop for exchange-traded products is getting into cryptocurrencies. Netherlands-based Flow Traders N.V. is taking on the role of market-maker for exchange-traded notes based on bitcoin and ether, according to Bloomberg. It has “dramatically increased” trading of notes issued by XBT Provider, a Stockholm-based provider of exchange-traded products for cryptocurrencies, in the last few months. Flow Traders’ enthusiasm for crypto-based exchange-traded products … Continue reading Europe’s Biggest ETF Trader Is Turning Market Marker For Crypto

Tom Lee Revises Bitcoin Price Forecast Then Sticks To Original Price Target

Noted bitcoin analyst Fundstrat’s Thomas Lee, who is bullish on bitcoin’s price, was reported to have cut his forecast for the cryptocurrency from $25,000 to a price above $20,000. CCN reported that Lee was targeting a bitcoin price of $22,000 for bitcoin by the end of this year. But he has since doubled down on his original price forecast. In a CNBC interview in the … Continue reading Tom Lee Revises Bitcoin Price Forecast Then Sticks To Original Price Target

Numbers Of Dead Coins Increases In Crypto Bloodbath

The number of dead coins in crypto markets is rising. At the beginning of 2014, when the price of a single bitcoin was in decline, there were 67 coins listed on coinmarketcap.com, a website that aggregates coin prices from multiple exchanges. As of this writing, there are 1607 coins listed on the same site. As media spotlight brought mainstream traction to crypto markets, the number … Continue reading Numbers Of Dead Coins Increases In Crypto Bloodbath

Two Reasons Crypto Prices Shot Up This Week

After weeks of floundering about in a decline, cryptocurrency markets gained $40 billion in two days. Bitcoin led the rally in crypto prices with two bumps in its price in less than five days. In the first instance, it vaulted 8.5% to $6408 in five hours on Friday night. But that was not the end of its rally. On Monday, it pushed another 4.4%, rising … Continue reading Two Reasons Crypto Prices Shot Up This Week

Thefts At Crypto Exchanges Have Tripled In Value; Crypto Money Laundering Also On The Rise

A cryptocurrency custody solution cannot come soon enough for cryptocurrency markets. According to a report from CipherTrace, a startup that develops forensic tools for blockchain, cryptocurrency, and financial services, cryptocurrency exchanges are on track to lose as much as $1.5 billion worth of coins to money laundering and theft this year. For context, that’s three times as much money as has already been stolen as … Continue reading Thefts At Crypto Exchanges Have Tripled In Value; Crypto Money Laundering Also On The Rise

Coinbase’s Entry Into Cryptocurrency Custody Could Be A Game Changer

Philosophical arguments about the nature of money apart, one of the biggest stumbling blocks to adoption of bitcoin as an investment vehicle is the absence of a cryptocurrency custody solution. Institutional investors have largely stayed away from the cryptocurrency as an increasing number of hacks and scandals at crypto exchanges, which are responsible for a bulk of bitcoin trading, have roiled its ecosystem. At a … Continue reading Coinbase’s Entry Into Cryptocurrency Custody Could Be A Game Changer

The Evolution of Customer Reward Systems in the Cryptocurrency Era

<Note: This is an independently written post by Dentacoin.> Loyalty programs in retail have been around for decades. Different types of loyalty and reward programs have been introduced by both physical and online companies. These programs are primarily aimed at improving the overall customer retention rate by providing customers a way to earn discounts, rewards and “points” that can later be spent at the retailer … Continue reading The Evolution of Customer Reward Systems in the Cryptocurrency Era