Crypto news

While Facebook is trying to do everything it possibly can to ensure proper regulatory approval before the Libra is launched next year, China’s own digital currency is much closer to its launch. The anticipation for the Chinese digital currency has now had some measurable effect on fintech companies in the country as their stocks seem to be swelling impressively.According to a Reuters report, the China Securities Index Co. (CSI) fintech theme index – an index that follows the major financial...

Travis Kling is the founder and chief investment officer of crypto asset management firm Ikigai. He recently went on air on CNN and gave the best description of what bitcoin is. In the interview, Mr. Kling said, Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized, digital store of value. The on-point definition made Kling an instant celebrity in the Crypto Twitter community. Now, the crypto asset management firm CIO has dropped another bombshell. In a recent...

The blockchain-based project of IOV Labs, RSK, has announced the acquisition of Taringa. Both companies will be integrating RSK and RIF tokens into their day-to-day operations. The RSK technology on which the tokens will be based will purportedly allow peer-to-peer exchanges, decentralized applications, and content sharing.Blockchain Implementation in Social MediaTaringa reportedly has over 70 million monthly visitors and more than 17 million registered users. By entering this deal, IOV Labs...

The latest decline in Bitcoin’s price had the community discussing its future once again. Naturally, various polls have popped up asking people for their opinions on whether or not the worst is over. One such poll which received a fair amount of votes has it that we’re going lower. However, it’s worth remembering that when the majority of people think something will happen, Bitcoin often does the exact opposite. So, is the negative sentiment actually a good thing?72% Say Bitcoin’s Price Will...

Buying the dip is easier said than done. When an asset moves lower, the tendency for those who were waiting for the breakdown is to freeze and fail to press the buy button. However, Alex Mashinsky, chief executive of Celsius Network, strongly urged his followers to go out and buy the big bitcoin dip. Celsius Network CEO: ‘We Will See a Surge to New Highs’ In an August 23rd interview on CNBC, the top honcho predicted that we’ll drop to $8,000 levels before rallying back up. Start watching...

The initial public offering (IPO) for Peloton Interactive Inc., was launched yesterday with the hopes that the offering will bring much-needed growth to the company which has consistently been recording losses for a while. As we reported yesterday, Peloton announced that it will be offering 40 million shares of its Class A common stock on the Nasdaq, priced at $29 each, in an effort to raise about $1.2 billion. However, Peloton (PTON) investors ended the day disappointed as trading didn’t at...

Marcus Treacher, a senior executive at blockchain cross-border remittance giant Ripple is seemingly kicking-off a modern “cola war” with their emerging rival Libra, Facebook’s controversial cryptocurrency. Treacher, the head of Ripple’s strategic accounts globally, criticized the so-called Facebook cryptocurrency for being “a walled garden.” The executive stressed that only a handful of big players, including Facebook, Visa, MasterCard, Uber, and PayPal, practice excessive control over...

Libra Association Managing Director Bertrand Perez said on Friday that the Facebook’s cryptocurrency Libra, that should be launched by a Geneva-based association next year, is not intended to replace existing currencies. He said:“We are not in the area of implementing any monetary policy with the (Libra) Reserve.”This confirms what Libra’s CEO David Marcus was speaking back in July at the hearings when he kept stressing that Libra is not an investment and it doesn’t want to conquer the...

Photo: PixabayGood news for Telegram users: the company has developed a wallet for Gram, the native cryptocurrency of the TON Blockchain created by Telegram.Currently, the wallet is available in the alpha version of the Telegram messenger for iOS and functions in the TON testnet. According to the developers, its design is still in progress, and after everything is finished, the wallet will be available in the mainnet as well.Meanwhile, the date of the launch on the mainnet is unknown....

SEC Commissioner Hester Peirce, also popular as ‘crypto mom’ for her crypto-friendly news, once again spoke in favor of digital assets during the recent cryptocurrency compliance Dacom summit in New York hosted by Solidus Labs today. Peirce spoke in details about SEC’s views on digital currencies saying that regulators are currently active extremely ‘paternalistic’. Besides, she also had an extensive discussion on different measures the agency can take to improve regulations.She stated that...