The cryptocurrency market is rebounding today, after a brutal couple of weeks on the market. Ethereum (ETH), Litecoin (LTC), and Monero (XMR) are among the coins making the biggest surge this morning. Recently, the market hit its year-low, and many of the coins reached their yearly lows as well. Let’s take a closer look at…
Morgan Stanley (NYSE:MS) plans to offer its customers complex derivatives that will be tied to Bitcoin (BTC), Bloomberg reported this morning. The Morgan Stanley Bitcoin derivatives will push the investment bank in the running with its competition currently dabbing in the cryptocurrency space. Morgan Stanley Bitcoin Derivatives According to a person familiar with the venture,…
To the casual observer, the difference between a centralized and a decentralized exchange might not be immediately obvious. Put simply, Binance, Coinbase pro, Kraken and Okex are among the most popular platforms for trading crypto — and all operate a ‘centralized’, clearing house style system where a single organization manages the flow of operations on…
Yesterday, it was announced that OKEx founder Star Xu had been taken into police custody for fraud allegations. If no substantial evidence was found, Xu would be released from custody in a 24-hour period. According to local news reports, Xu has been released and isn’t pleased. OKEx Founder Strikes Back “I have no fictional facts,…
In a major announcement, Huobi Global buys BitTrade. Huobi Japan Holding Ltd, Huobi Global’s wholly owned subsidiary, just acquired the majority stake of Japan’s BitTrade. Huobi Global owns and operates Huobi, the third largest cryptocurrency exchange by daily trade volume. Huobi Global Buys BitTrade Huobi will partner with BitTrade, one of the only 16 regulated…
Stablecoins are becoming popular. There’s no denying it; a number have hit the market this year. In fact, just yesterday, the Winklevoss twins announced the Gemini Dollar—the first-ever regulated stablecoin. Not to mention Carbon launched CarbonUSD, a US dollar backed stablecoin, today. And yet, despite the crypto market displaying optimism around the latest trend in…
Crypto project Carbon is launching its own stablecoin called CarbonUSD. According to its website: “Carbon is a price-stable cryptocurrency that is creating a more efficient and inclusive global economy.” The coin will be based on the Ethereum network and is said to be backed one-for-one by the US dollar. Its arrival comes a week after the release of two…
BlackRock, the world’s leading provider of Exchange Traded Funds (ETFs), have been investigating the disruptive implications of blockchain and cryptocurrency since July, when they set up a working group to assess the technology, sparking rumours that they were establishing a bitcoin ETF. Although this was dismissed by CEO Larry Fink, who stated that his clients…
Monero (XMR) is currently 79% down from the all time high established on December 20th, 2017. The market cap currently stands at US$1,7 billion, with US$23.95 million in trading volume over the past 24 hours. XMR is classified as a privacy coin with untraceable, unlinkable, private, and analysis resistant transactions. XMR achieves these privacy features…
If you think that it’s at the mercy of its developers, or its users, you’re wrong, too. These sorts of polemic stances that accuse one group of having total authority over Bitcoin are all too common in casual conversations and established news sources alike. When we focus on the undue influences of a single faction of the Bitcoin community,…
