Category Archives: Crypto News

Roger Ver and Mate Tokay from Bitcoin.com Join A New Fintech Startup Advisory Board

sponsored The partnership may bring new benefits to the Bitcoin Cash community, and provide it with widen range of financial management options. Bitcoin.com’s CEO Roger Ver and COO Mate Tokay have become advisors to a fintech startup MoneyToken, as reported in MoneyToken’s announcement. The partnership between MoneyToken and Bitcoin.com may bring new benefits to the Bitcoin Cash (BCH) community, as BCH will be available as accepted collateral on the MoneyToken lending platform, says the joint press release. According to Bitcoin.com, Roger Ver is also an advocate of […]

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China’s IT Ministry: 2017 Saw Peak Investment in Domestic Blockchain Industry

China’s IT Ministry has published a blockchain industry white paper that shows that 2017 saw major growth and peak investment in the sector. A major Blockchain Industry White Paper published by China’s Ministry of Industry and Information Technology reveals that the domestic blockchain industry saw “exponential” growth in 2017, according to a ministry press release today, May 21.                             The 157-page report shows that 178 new blockchain startups were launched in China in 2017, bringing the total number […]

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UK: Fiat Exchange LMAX Launches Crypto Trading to ‘Further Legitimize Market’

The UK has gained another cryptocurrency exchange player as fiat trading platform LMAX launches crypto trading for institutional investors. UK trading platform LMAX has announced its entrance into the cryptocurrency market, launching an exchange targeting institutional investors, Financial Times reports today, May 21. LMAX, which has offered fiat currency trading since its inception in 2010, plans to cement the legitimacy of the cryptocurrency arena as institutional interest continues to grow. “We are furthering the legitimization of the crypto currency [sic] market by offering institutions a platform on […]

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Just Resigned CEO of World’s Largest Crypto Exchange OKEx Joins Rival Exchange Huobi

Chris Lee, the outgoing CEO of the world’s largest crypto exchange OKEx, has joined rival exchange Huobi just days after resigning from his former post. The outgoing CEO of OKEx crypto exchange has joined rival exchange Huobi just days after resigning from his former post, Cointelegraph Japan reports today, May 21. Li Shufei, also known as Chris Lee, left his roles as CEO of OKEx and CFO of parent operator OkCoin on May 14, reportedly to “start a new life.” Lee is now joining Huobi as Board […]

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National Government Digital Currencies Versus Globally Distributed Cryptocurrencies: in Depth

Petro, e-Krona, FedCoin, CryptoRuble and more The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. As society starts to move away from cash, central banks’ potential to reap profits off issuing that cash could be threatened. Many governments are worried about the mass adoption of cryptocurrencies and hence are considering the merits of creating a central bank digital currency (CBDC). Central banks have woken up to the risks cryptocurrencies can pose to policy makers’ bread-and-butter […]

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Crypto Markets See Slight Growth, Total Market Capitalization Nears $392 Bln

Crypto markets have seen slight growth in the past 24 hours, with top 10 coins listed on Coinmarketcap in the green. May 20: Crypto markets saw some growth over the past 24 hours, with all of the top ten cryptocurrencies listed on Coinmarketcap currently in the green and total market capitalization approaching $392 bln. Market visualization from Coin360 Bitcoin (BTC) is up around 3 percent in 24 hours to press time, currently trading at $8,520. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has crossed […]

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‘51 percent attack’ in Silicon Valley TV Series – Real Life Possibility?

Popular sitcom Silicon Valley features ‘51 percent attack’ on Pied Piper crypto token – but is such an attack as damaging as the show suggests? Most modern technological marvels make their way into mainstream media, but a select few are influential enough to feature on some our favourite TV shows. Bitcoin and cryptocurrencies are no exception, having captured the imagination of millions around the world during a breakout period in 2017. Primarily driven by Bitcoin’s astronomical boom in value as the year drew to a close, people […]

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Tether Mints $250 Mln of New USDT Tokens, Rekindles Controversy

Tether minted $250 million worth of new USDT tokens May 18, with both the markets and the community reacting strongly. The controversial stablecoin Tether generated $250 million worth of new USDT tokens on May 18, according to Omni Explorer. Tether is the company that issues the so-called stablecoins USDT, which it claims are backed at 1:1 ratio by US dollars. Tether has been criticized for its lack of transparency after it broke ties with auditing firm Friedman LLP before an official audit could be conducted. With a […]

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Hodler’s Digest, May 14-20: Crypto Ban FUD And Blockchain Adoption Galore

Even with crypto market prices falling this week, scores of companies and government globally have signed on to using blockchain. Top Stories This Week Circle Partners With Bitmain For Planned Release Of USD-Backed Stable Coin Circle Internet Financial Ltd. has finished a $110 mln investment round with led by Chinese mining hardware manufacturer Bitmain as part of their project to create a US-dollar backed stable coin. The Circle USD Coin, which will function as an ERC-20 token on the Ethereum network, will reportedly be integrated into the […]

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Fundstrat’s Lee Admits Poor Prediction of Bitcoin Rally, Still Expects $25k Price by Year End

Tom Lee has admitted that his Consensus BTC rally prediction ‘did not happen,’ still expects Bitcoin to reach $25,000 by year end. Co-founder and head of research at Fundstrat Global Advisors, Thomas Lee has admitted that his prediction of a Bitcoin rally after the Consensus conference was wrong. Lee has claimed that the crypto market still “faces significant internal resistance and hurdles within traditional financial institutions,” Bloomberg reports May 18 Having accurately predicted the growth of crypto markets after the US tax day in April, Tom Lee […]

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