News

On Oct. 11, the price of Bitcoin dropped from $6,750 to $6,250, within minutes. The dominant cryptocurrency experienced a massive sell candle which saw traders dump BTC from $6,550 to $6,250 in a 10-minute period. The sudden drop in the Bitcoin price comes as a surprise to the cryptocurrency market because BTC had defended the […]

On Tuesday, Oct. 9, Ethereum and EOS dApp users reached an all-time high of 65,000 daily active users, according to data from DappRadar. Gambling dApps High on the List According to Twitter user and avid crypto-watcher Kevin Rooke, most of those users were active on dApps listed in the high risk or gambling categories. Rooke said […]

GMO Internet Group, a publically listed Japanese Internet company, has recently announced plans to launch a yen-backed stablecoin early next year. The new stablecoin dubbed GMO Japanese Yen will trade under the ticker symbol GJY. The press release also mentions that GMO Internet Group sees three areas of the digital currency space, which are “exchanges”, […]

A research study published on Oct. 5 claimed growing Chinese influence over the Bitcoin protocol is a “looming threat” to the $114 billion network. The paper alleged that China presents a problem to the security, stability, viability of the pioneer cryptocurrency. The Case Against China According to the paper, which was published by Florida International University […]

With blockchain advancement once resting on the shoulders of beleaguered, boot-strapping developers, some would fire up the afterburners in a push to deliver tomorrow’s markets, today. Blockstream unveiled a Lightning Network-style solution permitting the largest stakeholders in the game to transfer wholesale quantities of Bitcoin in a “near-instant”. Having quietly gone live Sept. 27, the Liquid […]

Civil, the company hoping to take journalism on the blockchain, announced a partnership with industry giant Forbes on Oct. 9 via a post on Civil’s Medium account. Civil co-founder Matt Coolidge wrote: “We’re pleased to announce a significant, new partner today—and one of the biggest endorsements yet for blockchain technology’s transformative potential for the media […]

According to a recent TABB Group research report titled “Crypto Trading: Platforms Target Institutional Market”, the Bitcoin over-the-counter (OTC) market is approximately three times larger than the exchange market. While cryptoasset exchanges process around $4 billion worth of bitcoin trades per day on a global basis, TABB’s evaluation is that the OTC market processes $12 […]

A Twitter user by the handle GeoCold posted a tweet on Oct. 7 announcing their intention to wage a 51 percent attack against altcoin Einsteinium and live-stream the entire event on Twitch. The user, who credits American hacker George Hotz with the idea to live stream the hack, isn’t coming from a place of malicious […]

The United Arab Emirates is spearheading cryptocurrency adoption in the Gulf region and intends to introduce initial coin offerings (ICOs) as a legal means-of-fundraising in 2019, reported Reuters on Oct. 8. UAE’s ICO Push The oil-dependent economy faces serious financial implications after its prized oil reserves run out in the next 50 years. However, rulers […]

As some of the world’s most entrenched institutions open their arms to cryptocurrency, the walled fortress of corporate acceptance seems to be disintegrating one pillar at a time. The latest is PricewaterhouseCoopers, the world’s second-largest professional services firm, who has thrown its weight behind a USD stablecoin project aiming to “usher in the next 100M […]