Monthly Archives: September 2019

Report: Libra Stablecoin Tied to Major Currencies, Maybe Not Yuan

Facebook has reportedly announced the major national currencies with which it plans to set the value of its forthcoming Libra stablecoin. Social media giant Facebook, which is currently trying to get regulatory approval for its Libra stablecoin project, reportedly shared details regarding the project’s proposed backing reserves. According to a report by Bloomberg on Sept. 9, Facebook told United States senators about the backing reserves for the stablecoin — a type of cryptocurrency valued by a reserve currency, commodity or algorithm.  Libra is backed by major national […]

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US SEC Chairman on Bitcoin ETFs: ‘There Is Work Left to Be Done’

In a recent interview, Securities and Exchange Commission Chairman Jay Clayton says there is more work to be done before approving a Bitcoin ETF. United States Securities and Exchange Commission (SEC) Chairman Jay Clayton recently spoke with CNBC’s Bob Pisani regarding the regulator’s latest take on Bitcoin (BTC) exchange-traded funds (ETFs). ‘Progress is being made’ Speaking with Pisani on Sept. 9, the SEC chairman stated that, although significant steps have been taken to address regulatory concerns vis-a-vis a Bitcoin ETF, there is “work left to be done.” […]

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London-Based Hedge Fund Raises $50M to Launch New Crypto Investment Fund

Nickel Asset Management, a U.K.-based hedge fund manager, has raised $50 million for its newly launched crypto investment fund. Nickel Asset Management, a United Kingdom-based hedge fund manager, has raised $50 million for its newly launched crypto investment fund. According to a report from Finance Magnates on Sept. 9, the hedge fund has raised $50 million for its newly launched crypto investment fund, Nickel Arbitrage Fund, which aims to take advantage of arbitrage trading in digital assets. In arbitrage trading, traders buy an asset on one exchange […]

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Despite Setbacks, Darknet Markets Show Continuous Growth in 2019

Since the birth of the Silk Road, there’s been a cat and mouse game between global law enforcement and darknet market (DNM) operators. Over the last two years, law enforcement agencies have knocked out a slew of markets like Hansa and the massive Alphabay. Months later, Dream and Wall Street disappeared and online DNM communities were deplatformed. Despite the obstacles along the way, there are still more than 12 active DNMs today and forums filled with hidden market participants that are growing in number once again. Also […]

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Stellar Development Foundation and Keybase Jointly Launch $120M Airdrop

The Stellar Development Foundation has launched a 2 billion XLM ($120 million) airdrop in collaboration with encrypted messenger Keybase. The Stellar Development Foundation, a non-profit founded to support the development of the open-source Stellar network, is launching a $120 million airdrop in collaboration with encrypted messenger Keybase. According to a Sept. 9 blog post, Keybase will be giving 100 million Stellar (XLM) each month over the next 20 months to their users, which totals to 2 billion XLM, or almost $120 million. Keybase will distribute XLM among […]

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Price Analysis 09/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, ADA

The action might shift to altcoins for the next few days. Which altcoins offer a trading opportunity? Let’s analyze the charts. Preparations for the launch of Bitcoin (BTC) futures on Bakkt are on track. While market participants were excited before the launch of CME group’s futures trading at the end of 2017, the current launch is being approached with caution. Bitcoin’s volatility continues to drop, which shows that both bulls and bears are not taking large directional bets.  Bitcoin’s dominance, that had risen above 71% in the […]

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Tether Launches New Stablecoin Pegged to Offshore Chinese Yuan

Stablecoin firm Tether announced that it is launching a new stablecoin pegged to the offshore Chinese yuan. Stablecoin firm Tether announced the launch of a new stablecoin tied to the offshore Chinese yuan dubbed CNHT. According to an announcement on Sept. 9, Tether CNHT is pegged to the offshore yuan and available as an ERC-20 token on the Ethereum blockchain. The new currency joins Tether’s other stablecoins backed by U.S. dollars (USDT) and euro (EURT). What is the offshore Yuan? China’s national currency is officially called the […]

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Former US Congressman Calls for Nuanced Cryptocurrency Regulations

Former congressman Harold J. Ford argued that the United States Congress should not paint the cryptocurrency sector with a broad brush. Former United States Representative Harold J. Ford has argued that Congress should have a nuanced approach to regulating cryptocurrencies. In an article published on CNBC on Sept. 5, Ford said that lawmakers and regulators should develop clear regulations toward digital currencies. He noted a comment from Chris Larsen, the executive chairman and co-founder of blockchain startup Ripple, who asked Congress, “Please do not paint us with […]

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Bitcoin Exchange PrimeXBT Partners With Bitfury to Ensure Compliance

Bitcoin exchange PrimeXBT partnered with blockchain development firm Bitfury to help it ensure Anti-Money Laundering compliance. Bitcoin (BTC) exchange PrimeXBT announced that it partnered with blockchain development firm Bitfury in order to ensure regulatory compliance. According to a press release published on Sept. 9, PrimeXBT will be using Bitfury’s blockchain analytics and cryptocurrency compliance software Crystal. The exchange hopes that the implementation will heighten its Anti-Money Laundering and Combating the Financing of Terrorism policies, as well as improve client security. A PrimeXBT official said: “As a responsible […]

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Report: BitMEX Crypto Exchange COO Steps Down

The chief operating officer at major digital currency exchange BitMEX, Angelina Kwan, has reportedly stepped down from the position. The chief operating officer (COO) at digital currency exchange BitMEX, Angelina Kwan, has reportedly stepped down. A spokesperson familiar with the matter told industry-focused media outlet The Block on Sept. 9: “We can confirm that Angelina Kwan is leaving the company and is on gardening leave now. That’s all we can say on the matter at the moment, but we wish Angelina all the best.” A veteran Hong Kong […]

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