Winklevii-backed Virtual Commodities Association Gears Up For SRO Designation

The Winklevoss-backed Virtual Commodity Association (VCA) is planning to become a Self-Regulatory Organization (SRO) for cryptocurrency exchanges. Yusuf Hussein, head of risk at cryptocurrency exchange Gemini, published a Medium post yesterday discussing the organization’s goals and structure. According to Hussein, VCA plans to establish itself as “an industry-sponsored, self-regulatory organization (SRO).” Currently, it has four cryptocurrency exchanges – Gemini, bitFlyer, Bittrex, and Bitstamp – as … Continue reading Winklevii-backed Virtual Commodities Association Gears Up For SRO Designation

Tether’s Loss Last Week Meant Gains For Other Stablecoins

For an asset often touted as reliable in a volatile cryptocurrency market, stablecoins have been remarkably unstable in the last week. First, there was the problem with Tether. The stablecoin, which is the second-most traded cryptocurrency after bitcoin and accounts for 98% of daily trading volume in stablecoins, crashed last weekend as investors, fearful of Tether’s stability after news reports questioned Bitfinex’s solvency emerged, began … Continue reading Tether’s Loss Last Week Meant Gains For Other Stablecoins

Bitcoin Price Falls After Google Bans Advertising Related To Crypto Products

Cryptocurrency markets continued to slide as a mix of negative assessments and news about bans and regulatory crackdowns continued to bear down on them. At 16:06 UTC, the price of a single bitcoin was $8,711.30, down 4.8% in the last 24 hours. The biggest news to emerge in the last 24 hours is that of Google banning advertising related to cryptocurrency. The online advertising juggernaut’s … Continue reading Bitcoin Price Falls After Google Bans Advertising Related To Crypto Products