Markets News

IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds

4 hours ago admin2 0
The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed Read More

Bitcoin’s Road Back to $7K (And the Chart Hurdles In the Way)

23 hours ago admin2 0
Having defended $6,000 last week, bitcoin (BTC) appears to be building momentum for a price rise, but nearby technical hurdles still present a formidable challenge. At press time, the world’s most valuable cryptocurrency is changing hands at $6,689 on Bitfinex and looks to be gaining steam for another test of $6,838. As such, the level Read More

CoinList’s Fifth ICO Is a $61 Million Bid to Tokenize All the Assets

2 days ago admin2 0
The website aiming to be the gold-standard for token sellers has been picking up the pace. Since spinning off from venture capital giant AngelList last October, New York-based CoinList has been able to make a spot on its website a coveted place for serious projects, even in a crowded market for compliant coin offerings. So, on Monday, Read More

Hedge Fund Billionaire Steven Cohen Is Getting into Crypto

3 days ago admin2 0
Billionaire investor Steven Cohen, once dubbed the “Hedge Fund King,” has reportedly entered the crypto space. According to a Fortune article published July 12, Cohen has invested in cryptocurrency-focused hedge fund Autonomous Partners through his VC firm Cohen Private Ventures. Autonomous Partners was founded last December by Arianna Simpson, a venture capitalist with a history in Read More

Something Strange Is Going On at a Crypto Exchange Called WEX

3 days ago admin2 0
Users of WEX, the cryptocurrency exchange built on the ashes of BTC-e, are reporting withdrawal problems, raising new questions about an already mysterious trading platform. “‏Dear Wex, when withdraws will enable ??” asked Twitter user Alireza Moosavi on Friday, joining a crowd of Wex customers complaining they couldn’t withdraw funds for the second day in a Read More

5 Crypto Assets Are Soaring Big on Possible Coinbase Listings

4 days ago admin2 0
Cryptocurrencies generally see a price increase after being added to an exchange, but with Coinbase the rise can be meteoric – even when nothing is actually being added. The exchange announced Friday that it was looking into potentially adding cardano’s ADA token, basic attention token, stellar, zcash and 0x to its platform, and each of Read More

Bitcoin Price Defends $6K As Upside Potential Builds

5 days ago admin2 0
Bitcoin (BTC) may be up slightly at the start of Friday’s session, but it remains to be seen if it can build traction above $6,000. The world’s largest cryptocurrency by market capitalization is now down 37 percent from its May 5th high at $9,996 according to CoinDesk’s Bitcoin Price Index, though it’s rebounded to a crucial Read More

Bitcoin Price Puts Bull Move on Hold as Downside Risks Grow

6 days ago admin2 0
Bitcoin (BTC) traded largely sideways over the last 24 hours, though a dip soon before press time may threaten a developing bullish chart pattern if the price moves below $6,000. BTC’s drop below 10-day moving average (MA) on Tuesday neutralized the immediate bullish outlook and shifted risk in favor of a sell-off to $6,000. However, Read More

Coinbase Co-Founder Backs Blockchain Startup’s $3 Million Seed Round

6 days ago admin2 0
A startup that is developing a protocol based on the ethereum blockchain to allow users to validate information across different datasets has raised $3 million in seed funding. Called DIRT, the San Francisco-based company said Wednesday that notable investment firms taking part in the round include Digital Currency Group, Pantera Capital, China-based Zhenfund and InBlockchain. Individual Read More

100 Merchants Can Now Trial Bitcoin’s Lightning Network Risk Free

1 week ago admin2 0
A few lucky merchants now have one less obstacle to accepting bitcoin payments via the Lightning Network. Revealed exclusively to CoinDesk, payment processing startup CoinGate is opening up a pilot program that will allow 100 merchants to trial a Lightning-enabled version of its service, one which taps into the open-source tech meant to make bitcoin Read More