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Traders, investors, analysts, and journalists in the crypto sector engaged in an intense debate about USD-backed stablecoin Tether (USDT) this week, pondering on the legitimacy and regulatory state of the asset. A large portion of the cryptocurrency sector has expressed a negative stance on the stablecoin, citing the lack of regular audits that were promised […]

According to Genesis Global Trading, a major cryptocurrency investment firm that targets institutional investors, short interest towards Ethereum (ETH) has declined substantially in the third quarter of 2018. Since March, the firm loaned out $553 million in digital assets including Bitcoin and Ethereum to hedge funds and alternative investment companies. Around 60 percent of the […]

Welcome to this week in Blockchain Venture Capital. Cobo Cobo, a Beijing-based cryptoasset wallet startup, recently closed a $13 million Series A round with participants including Wu Capital, DHVC, and the NEO Foundation. Cobo was founded in November 2017 by Mao Shixing, an early Bitcoin investor and Google and Facebook engineer, and Jiang Changhou, an […]

Despite the cryptocurrency market slowdown and regulatory uncertainty in 2018, cryptocurrency- and blockchain-related jobs and roles have increased significantly, indicating clear interest and considerable demand in the sector. Bitcoin Jobs Rising As per data collated by job portal Glassdoor, traditional companies have ramped up hiring for blockchain and blockchain associated jobs. The company researched millions […]

If the blockchain industry had been knocking at the iron-clad gates of the Securities and Exchange Commission, it appears access was just granted. The US’s supreme financial watchdog unveiled the Strategic Hub for Innovation and Financial Technology, or ‘FinHub’, which aims to help streamline the legal affairs of blockchain companies and fintech startups by boiling down […]

Joint efforts with former partner and billionaire Bitcoin bull Mike Novogratz, Goldman Sachs has thrown its weight behind BitGo in a bid to support the custodian’s lofty plan to build a “one trillion-dollar crypto wallet” for Wall Street. According to a press release by California-based BitGo—which in September made headlines as the first fully regulated […]

According to TMZ, world-renowned boxing champion Floyd Mayweather and famed record producer DJ Khaled are dealing with the fallout of a class action lawsuit due to their involvement with Centra Tech’s CTR token, a crypto asset the suit claims is a scam that cost investors millions of dollars. Their Role Mayweather and Khaled both promoted the […]

Cryptocurrency advocate and billionaire investor Mike Novogratz says Tether’s recent troubles are its own fault, and that a lack of transparency is mainly to blame for investors losing faith in the stablecoin. Billionaire investor Mike Novogratz, one of the best-known advocates of cryptocurrencies, blamed controversial "stable coin" Tether for its own recent woes https://t.co/P4LmHrKy3o pic.twitter.com/RD9VshtyQl […]

Docademic, the healthcare company that lets anyone talk to a doctor or psychologist through their mobile device and uses a proprietary token for its own healthcare payment system, has expanded its resources by partnering with eye care company Devlyn. Expanding the Network On Thursday Docademic stated on Twitter: “We are confident that working with Devlyn and […]

The Chicago Mercantile Exchange (CME Group), one of two major providers of Bitcoin Futures in the U.S., revealed trade volumes increased 41 percent in Q3 2018 with interest rates up by 19 percent. Booming Bitcoin Futures Market While the retail cryptocurrency market has taken a downturn in 2018, the institutional-focussed Bitcoin futures market seems to […]