Bitfinex Announces Tether Neutrality and Launches New Stablecoin Pairs
Continuing our heritage of providing a neutral, coin-agnostic platform, from today Bitfinex users will be able to trade Tether-fiat directly on our platform through the addition of USDT/USD and EURT/EUR Tether trading pairs. This replaces the previous 1:1 conversion on deposits and withdrawals provided by Bitfinex, and reflects the increasing range of choice in the […]
Friends Accused of Torturing Pal to Steal his Cryptocurrency
These guys are accused of taking a “bit” out of crime. A group of young professional men ransacked their pal’s luxury apartment after a night of drinking and forced him to cough up his cryptocurrency account login information, the Manhattan District Attorney’s Office charges in a new complaint. Defendant Stephen Orso, 25, allegedly demanded that […]
Risen to Develop up to 300MW of PV for Cryptocurrency Miner
Risen Energy will develop up to 300MW of PV capacity in Spain for a cryptocurrency miner. Cryptosolartech is building two energy-intensive cryptocurrency farms in Malaga. The firm aims to power each of its mining facilities with renewable power to negate an increasing criticism of cryptocurrencies, their carbon footprint. The first phase will see two farms […]
The London Block Exchange is Planning to Develop a Crypto Pound
The London Block Exchange startup has announced plans to launch a new cryptocurrency pegged to the British pound as interest in so-called “stablecoins” booms. The London Block Exchange, which does over-the-counter crypto trades and operates a crypto exchange, said on Friday that it had received permission from an unnamed banking partner to launch a new […]
Crypto Bull Thomas Lee Says Ethereum Is Poised for a Big Rally
Things may be looking up for Ether, the second most popular digital coin, according to cryptocurrency advocate Thomas Lee. The token, which has suffered a severe sell-off this year as investors retreated from the virtual-asset market, is about to bounce back, Lee wrote in a note to clients Thursday. Ether has lost half of its […]
Coinbase Has Announced a New Listing Process
Coinbase has revamped its policy for listing new cryptocurrencies, replacing an ad hoc process with one the startup hopes will rapidly expand the range of assets traded on its exchange. Announced Tuesday, the new system allows almost anyone to submit a cryptocurrency through an online form for evaluation under the company’s digital asset framework. Those […]
Vitalik Buterin Says Zk-Snarks Could Scale Ethereum
A form of cryptography pioneered by zcash might help scale ethereum, the founder of the platform Vitalik Buterin said on a research forum Saturday. Named zk-snarks, Buterin wrote that by using the tech, ethereum can potentially scale “by a huge amount,” up to 500 transactions per second, without relying on layer-two scaling solutions, such as […]
Japanese Financial Watchdog Launches Investigation Following $60 Million Exchange Hack
The Financial Services Agency (FSA) of Japan has launched an investigation after $60 million worth of cryptocurrencies were allegedly stolen from local crypto exchange Zaif. According to the report, the FSA has sent its staff to Tech Bureau — Zaif’s parent company based in Osaka — to verify whether the company will be able to […]
NY Crypto Exchange Report Bearish for Bitcoin ETF Plans
A new report drafted by the New York attorney general’s office (OAG) alleges that a significant number of cryptocurrency exchanges may be vulnerable to market manipulation, a finding that could prove ominous for hopes among investors that federal regulators will approve a bitcoin ETF or other exchange-traded crypto products in the near-term. Bitcoin, according to […]
20% of Coinbase Trades are Made by the Cryptocurrency Exchange Itself
When trading on a cryptocurrency exchange, investors have little-to-no information about the person trading against them, that is, the person on the other side of their buy and sell orders. Subject to the geographic restrictions of the exchange, that could be someone who lives in your neighborhood, or it could be someone who lives on […]
Ethereum’s Constantinople Hard Fork to Activate on Testnet in October
Ethereum’s upcoming hard fork, Constantinople, will activate in a testing environment next month, core developers agreed on Friday. Speaking in a bi-weekly video call, developers said the upgrade will activate around October 9 on a cross-client testnet, named Ropsten, which mimics the conditions of the ethereum network itself. However, due to the unpredictability of block confirmation times […]
Coinbase Explores Crypto ETF with BlackRock
Coinbase, the San Francisco-based cryptocurrency exchange, is exploring the creation of a crypto exchange-traded fund (ETF). It has sought help from $6 trillion asset manager BlackRock, according to Business Insider. Coinbase is known for its versatile business model that appeals to retail investors. Its services include asset management, venture capital, trading of 5 major coins, […]
Bitcoin Price Plummets to Mid-$6,000
Yesterday, bitrix.fi reported that the volume of BTC and the rest of the crypto market have dropped substantially since late July, by more than 30 percent. Given the failed recovery of Bitcoin’s volume and the overly strong downtrend of the crypto market, bitrix.fi reported that the price of Bitcoin will likely drop to mid-$6,000. “The […]