Monthly Archives: April 2020

Stablecoins Provide Cover as Global Risks and Uncertainty Quake

As the global economy trembles, investors continue to find sanctuary in stablecoins, which have increased their market cap dramatically. As the global economy trembles, investors continue to find sanctuary in stablecoins. In the most recent 12-month period (ending April 29, 2020), the three top stablecoins — Tether (USDT), Circle (USDC) and Paxos (PAX) — increased their market capitalization by 161%, 191% and 146%, respectively. Kim Grauer, head of research at Chainalysis, told Cointelegraph that with the use of a different metric, “We can confirm a 250% increase […]

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Trader: Bitcoin’s Current Rally Isn’t Corrective, It’s Impulsive

Crypto traders explain why this Bitcoin rally may be more than just a correction. Is Bitcoin’s current rally just a bull trap, or is it actually headed for the moon? Trader Alessio Rastani and co-founder of Wintermute Trading, Yoann Turpin, explain why Bitcoin’s upward momentum may be impulsive in nature rather than corrective.  Don’t miss the latest episode of Cointelegraph’s crypto market discussions for further analysis of the long term future of Bitcoin and a glance at which altcoins are looking promising at the moment! Bitcoin to […]

More info Invests $50,000 Into Blockchain-Based COVID-19 Testing App have invested $50,000 into Genobank’s Telos-based coronavirus and DNA testing application., the company behind EOSIO (EOS), issued a $50,000 grant to Genobank for its open-source app on April 29. The grant is designed to facilitate anonymous access to COVID-19 testing. Genobank announced at the start of April that its app, Agerona, was being developed alongside the Eos-based blockchain platform, Telos. issued the grant in partnership with its venture capital wing, EOS VC, and German fintech incubator, FinLab EOS VC. invests in Eos-based COVID-19 […]

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Fireblocks Hits $7B Monthly Volume and Expands Into Asia Pacific

Fireblocks, a leading company securing digital asset transfers is expanding, with two offices opening in the Asia Pacific region, as monthly volumes rise to over $7 billion. Digital asset security specialist Fireblocks announced April 30 that its platform has been used to secure $30 billion of digital assets to date, with current monthly volumes in excess of $7 billion. It is also expanding to meet increased demand in the Asia-Pacific region, with the opening of new offices in Singapore and Hong Kong, providing support to local customers […]

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Caitlin Long on Banking Backdrop, Stifled Regulation to Serve Crypto

Speaking to Cointelegraph during Virtual Blockchain Week, Caitlin Long predicted an oncoming wave of institutional investment. During Virtual Blockchain Week, Cointelegraph spoke with Caitlin Long — the founder and CEO of the upcoming “crypto bank” Avanti Bank & Trust as well as the driving force behind regulatory changes in the state of Wyoming for allowing financial institutions to handle both crypto assets and fiat currencies. A Wall Street veteran, Caitlin Long ran Morgan Stanley’s pension solutions for a decade after holding a number of senior roles at […]

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Props Project Moves From Private Blockchain Over to Algorand

The Props Project, which includes popular dating app, is moving over to the Algorand blockchain. Props Project, a decentralized network of apps including, is migrating from a private blockchain to Algrorand (AGLO). Props’ network of independent apps uses Props Token as a reward mechanism. Currently it has over three million users across various apps. The company developed PropsChain, a private fork of Ethereum that currently handles 50,000 transactions an hour.  No need to sacrifice However, to achieve greater scalability and transparency, the company decided to […]

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Chainlink Crypto Price Oracles Enter Tezos Ecosystem

SmartPy and Cryptonomic are adding Chainlink price oracles to the Tezos network, filling a perceived gap in the ecosystem. Two leading Tezos (XTZ) teams, SmartPy and Cryptonomic, are making Chainlink (Link) oracles natively available on the Tezos network. The two teams received a grant from the Tezos Foundation to integrate Chainlink oracles into Tezos smart contracts. Cryptonomic co-founder Vishakh told Cointelegraph that their work has filled a key missing link within the Tezos ecosystem: “Most of our core team has worked in finance for multiple years, especially […]

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Portugal Chases Crypto-Friendly Status With New ‘Free Zones’ for Tech

Building on previous advantages for traders and miners, Portugal continues to establish a crypto haven with Technological Free Zones. In a bid to drive innovation forward and to stimulate the economy, Portugal has recently approved a nation-wide plan to encourage digitalization in several fields. Published on April 21, the “Digital Transitional Action Plan” puts forward multiple ways, in which the Portuguese government will provide infrastructure and incentives for innovation, entrepreneurship and competition, as well as internationalization for enterprises in the country. Although digitalization is a recurring topic […]

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Japan’s Financial Watchdog Certifies Two Cryptocurrency Regulatory Organizations

Japan’s financial watchdog has accredited two crypto-focused associations as Certified Financial Instruments and Exchange Associations. Japan’s Financial Services Agency (FSA) has certified two local organizations as Certified Financial Instruments and Exchange Associations. According to an April 30 announcement, the FSA has recognized the Japan STO Association and the Japan Virtual Currency Exchange Business Association (JVCEA) as self-regulatory groups for derivative transactions and security token offerings of crypto assets. JVCEA will subsequently be renamed the “Japan Crypto Asset Trading Business Association” on May 1.  JVCEA is the official […]

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Porsche Backs Blockchain Platform for Vehicle Management in $6M Funding Round

Blockchain startup Gapless has raised $6 million from investors, including world-famous car manufacturer Porsche. Porsche has participated in a 5.5 million euros ($5.9 million) funding round for a German startup Gapless — the developer of a blockchain-based vehicle management system. Among other contributors, Gapless saw FinLab EOS VC Fund, a joint venture between and FinLab, and insurance entrepreneur Kersten Jodexnis, reported on April 29. Gapless is going to allocate the raised money to further develop its key product, an application that allows users to record […]

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