Month: March 2019

cryptocurrency news

Some Stablecoins “Might Be Getting Into The Land of Securities”: SEC Advisor

It is now the turn of stablecoins to come under the SEC scanner. According to reports, the SEC’s senior advisor for digital assets Valerie Szczepanik told audiences that stablecoins could raise regulatory issues under securities laws. “I’ve seen stablecoins purport to control price through some kind of pricing mechanism, whether it’s tied to issuance creation or redemption of another type of digital asset tied to … Continue reading Some Stablecoins “Might Be Getting Into The Land of Securities”: SEC Advisor

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bitcoin price, cryptocurrency news

Bitcoin Price Shows Signs of Life

After a mostly sideways movement in overall valuations since the last week of February, cryptocurrency markets are showing signs of life again. In the last one week, the market capitalization for cryptocurrencies has jumped by approximately $9 billion to $139.6 billion, as of this writing. Trading volumes in the market remain the same. Most of those gains have come from a surge in Bitcoin’s price. … Continue reading Bitcoin Price Shows Signs of Life

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cryptocurrency news

Facebook Coin Could Multiply Revenue: Barclays Analyst

Facebook’s ambitions to friend blockchain and release its own cryptocurrency received a thumbs- up from Barclays analyst Ross Sandler. In a note to clients last week, Sandler wrote that the world’s biggest social media network could mop up as a $19 billion in revenue from Facebook coin used for transactions within its site. “Merely establishing this revenue stream starts to change the story for Facebook … Continue reading Facebook Coin Could Multiply Revenue: Barclays Analyst

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cryptocurrency news

Cboe Discontinues Bitcoin Futures Trading

The Chicago Board Options Exchange (Cboe), which had introduced bitcoin futures contract trading in 2017, is discontinuing the cryptocurrency’s contracts for March. There is also a possibility that the exchange may completely discontinue bitcoin futures contract trading altogether. In an update yesterday, the exchange stated that it was “assessing its approach its approach with respect to how it plans to continue to offer digital asset … Continue reading Cboe Discontinues Bitcoin Futures Trading

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cryptocurrency news

The Problem With Stablecoins

With their pegs to maintain price stability, stablecoins are expected to carry the torch of bitcoin’s vision of becoming a medium for daily transactions. But two recent developments in the stablecoin ecosystem illustrate the difficulties in achieving that goal with profits for investors. Tether’s Reserves in the News Again The first one involves Tether, a stablecoin which has already become embroiled in controversy earlier regarding … Continue reading The Problem With Stablecoins

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