News

U.S. Commodity Futures Trading Commission chair J. Christopher Giancarlo stated he believed the recent uptick in institutional investors could help cryptocurrencies “mature” in an interview with Fox Business on Friday morning. Ivy League Investments Recently, major institutions have become involved in the cryptocurrency and blockchain space, despite unease caused by the market’s volatility. One of […]

South Korean crypto exchange Bithumb sold 38 percent of its stake to a Singapore-based plastic surgeon for $350 million on Oct. 11, as reported by Reuters. Bithumb’s $350 Million Deal Founded in 2013, Bithumb averages over a billion dollars in daily trade volume and lists 52 cryptocurrencies. Its significant liquidity is a result of Korean […]

Cryptocurrency services provider Coinbase shut down its index fund service aimed at institutions this week, after reports suggesting a shift-of-focus to its retail users. Another report indicated the business has lost over 80 percent of its clientele in 2018, which validates its move from institutions towards retail. Failing to Entice Investors At the time of […]

Coinbase Pro General Manager David Farmer announced on Oct. 11 that ZRX token is now on Coinbase Pro. ZRX is launching on Coinbase Pro! The ZRX/USD, ZRX/BTC, and ZRX/EUR order books have entered transfer-only mode. Traders can deposit ZRX, but cannot yet place or fill orders. Order books will remain in transfer-only mode for at […]

Blockchain research firm Chainalysis released a report stating “whales,” or holders with a large token holding, are stabilizing cryptocurrency prices, instead of the popular belief that they manipulate the $215 billion crypto market. Whales Stabilize BTC Prices The rumors seem to originate from outsized bitcoin holders selling off their currencies at periodic intervals, causing considerable […]

An independent researcher from the People’s Bank of China (PBoC) argued that China must increase its research efforts in the stablecoin space and support upcoming companies that are exploring a yuan-pegged cryptocurrency. YuanCoin to Arrive? The views were written in an op-ed piece published on Oct. 9 by CN Finance, a magazine wholly-owned by PBoC, […]

On Oct. 9, the Cardano (ADA) team released a video updating investors and the public about the progress of Project Shelley, which the firm touts as a path to the protocol’s “full decentralization.” Cardano Moves Towards Complete Decentralization The video is narrated by Liz Bancroft-Turner, a project manager at Cardano’s parent firm IOHK. Shelley is […]

Dragonfly Capital Partners, a fund led by crypto investor Alexander Pack and experienced Chinese venture investor with 20 years of experience Bo Feng, has raised $100 million for its first fund to invest in cryptoasset startups. Alexander Pack previous managed crypto and fund investing at Bain Capital Ventures, while Bo Feng is a founding partner […]

Southern California company Glen Oaks Escrow announced on Oct. 9th that it will begin accepting payment in Bitcoin and Bitcoin Cash through BitPay. Glen Oaks states in their official release that they made the decision to start accepting BTC as payment due to the rising number of properties being sold for BTC, citing a home in Lake […]

Cybersecurity software company Palo Alto Networks reports that miners looking to use your computer to expand their hashing power are getting sneakier. New fake Adobe updates are circulating that will actually update the plugin on your computer, but also install illicit mining malware. Hiding Behind Legitimate Sofware These fakes are especially insidious because they do […]