Monthly Archives: January 2020

Ethereum’s Value Transfer Is Now Dominated by Stablecoins

The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is now largely made up of stablecoins like tether, pax, and dai. Also read: Cashfusion Far More Practical Than Other Coinjoin Protocols, Says Data Analyst Researcher: ‘Ethereum’s Economy Now Dominated by Stable Value Transfer’ On Wednesday, Messari analyst Ryan Watkins reported on the Ethereum blockchain […]

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Bitcoin Price Pulls Back to $9.2K, BTC Realized Cap Hits All-Time High

Bitcoin price hitting a 3-month high on rising volume hints at a bullish trend that puts $10K within reach. Bitcoin price (BTC) pulled back to $9.2K levels on Jan. 31, or almost 1% lower over the past 24 hours, after exceeding $9,500 earlier today.  “It’s over 9 thousand” BTC price hits new 2020 high The move to $9,530 resulted in a new 3-month high for BTC/USD alongside rising volume, pointing to an overall bullish trend that has persisted in the first month of 2020. Bitcoin daily price […]

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Overstock’s tZERO to Launch Broker Dealer in First Half of 2020

Overstock’s blockchain arm tZERO aims to launch a cryptocurrency market broker dealer service in the first half of 2020. Overstock’s blockchain arm tZERO aims to launch its cryptocurrency and digital asset broker dealer service in the first half of 2020. In a letter to investors released on Jan. 30, tZERO CEO Saum Noursalehi provided a recap of the company’s progress over the last year and highlighted tZERO’s goals for 2020. One of the main objectives of the company is to roll out a digital assets broker dealer […]

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Bitfinex Users Can Now Trade Tether Gold Stablecoin Against Bitcoin

After launching trading of gold-pegged stablecoin Tether Gold last week, Bitfinex cryptocurrency exchange now allows users to trade Tether Gold against Bitcoin. After launching trading of gold-pegged stablecoin Tether Gold (XAU₮) last week, Bitfinex now allows users to trade Tether Gold against Bitcoin (BTC). On Jan. 30, Bitfinex has rolled out three margin trading pairs for Tether Gold, a digital asset backed by physical gold, which was introduced by Bitfinex’s affiliate firm Tether on Jan. 23. The crypto exchange exchange now allows traders to trade Tether Gold […]

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Silk Road Marketplace Senior Adviser Pleads Guilty in US Federal Court

The senior adviser to Silk Road operator Ross Ulbricht had pled guilty to one count of conspiracy to distribute narcotics in a Manhattan Federal Court. A senior adviser to the operator of the Silk Road dark web marketplace has pled guilty to one count of conspiracy to distribute narcotics in a Manhattan federal court. According to a United States Department of Justice press release dated Jan. 30, Roger Thomas Clark was a key figure in the development of Silk Road, advising on all aspects of the enterprise, […]

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IBM-Backed Hyperledger Fabric Releases Version 2.0

Hyperledger Fabric had a major release with version 2.0, which significantly improves performance while adding some decentralization aspects for data sharing. Hyperledger Fabric released version 2.0 of its enterprise distributed ledger technology (DLT) platform, according to a Jan. 30 announcement. Several major features were added to the platform that improve how its different participants communicate with each other. Hyperledger Fabric is one of the several products of the Hyperledger consortium, which features dozens of important industry players and is primarily backed by IBM. Fabric is a private […]

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Google Executive From India Joins Coinbase as Chief Product Officer

A Google executive from India has joined Coinbase as the new chief product officer after 11 years at Google. He aims to help Coinbase make cryptocurrency mainstream. “I am excited about what crypto and blockchain technology can do to democratize our financial systems,” the executive said, citing his experience growing up in India and the trauma of demonetization. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies From Google and Flipkart to Coinbase Coinbase co-founder and CEO Brian Armstrong […]

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Genesis Crypto Lending Firm Hits New Record in Loan Originations in Q4 2019

Over-the-counter digital currency trading and lending firm Genesis has closed the fourth quarter of 2019 with record high loan originations since its inception. Over-the-counter digital currency trading and lending firm Genesis closed the fourth quarter of 2019 with record high results in loan originations since its inception. Per a Jan. 30 press release, Genesis facilitated over $4.25 billion in loans since its incorporation in March 2018, which made Q4 the best in company history. Genesis originated more than $1.1 billion in loans and borrows for its institutional […]

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Does Algorand 2.0 Prove an Appealing Option for Developers?

Government agencies, sports franchises and mainstream exchanges are first real-world adopters of the popular “pure proof-of-stakeâ€� Algorand blockchain. Algorand officially unveiled a suite of new features to its pure-proof-of-stake network at the end of November, dubbed Algorand 2.0. The latest suite of technical innovation by the emerging “frictionless finance” network, the upgrade encompasses the official commissioning of smart contracts on the network, along with the Algorand Standard Assets, or ASA, and atomic transfers.  Algorand started off with a bang through its $60 million initial coin offering, which […]

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1% Bitcoin No Longer ‘Crazy’ for Portfolios, Says Morgan Creek CEO

Morgan Creek founder and CEO Mark Yusko says Bitcoin is one of the most asymmetric assets he has ever seen in his career as a fund manager. Bitcoin (BTC) represents an investment in technology and innovation, making it a must-have in any portfolio, suggested the CEO of Morgan Creek Capital, Mark Yusko, in an interview with Max Keiser on the Keiser Report, published on Jan. 30.   Morgan Creek CEO: Bitcoin exposure boosts portfolios Keiser began by noting that portfolios with even 1% exposure to Bitcoin have more […]

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