Tag Archives: Cryptocurrency News

The bitcoin price crashed back below $10,000 on Monday despite the much-hyped launch of Bakkt - an institutional-grade BTC futures trading platform. Bakkt opened its doors for business on Sunday night but any hopes for fireworks were quickly dampened. The platform, operated by the New York Stock Exchange parent company, Intercontinental Exchange, opened to a muted response and a trickle of volume. Bakkt: “a trickle and then a flood” for bitcoin As Three Arrows Capital CEO Su Zhu explained,...

Venezuelan President Nicolas Maduro has mandated that the country’s oil-backed cryptocurrency, the Petro, must be used to fund the ‘Great Housing Mission Venezuela’ social housing program. Ildemaro Villarroel, the minister of popular power for habitat and housing - the department overseeing the housing project - confirmed that the program will be funded using the Petro. In an announcement posted on the department’s website, the minister described the financing mechanism as offering greater...

About 17 new crypto assets could soon be listed on Coinbase depending on how the technical and compliance review goes. Among the cryptocurrencies that Coinbase is considering for listing include coins that are yet to launch such as Gram that is fronted by messaging platform Telegram and Chia which was founded by the creator of torrent client BitTorrent, Bram Cohen. The other coins are Avalanche, Celo, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid,...

The conspicuous absence of even a single bank as a founding member of Facebook’s cryptocurrency project was never “intentional," according to the co-creator of  Libra, David Marcus. Facebook, he said, would love to have banks involved. No banks in Libra Association? No worries In an interview with Swiss newspaper Neue Zurcher Zeitung, Marcus revealed that banks were put off by the lack of regulatory clarity. This could change when new members are inducted: "First of all, financial...

Bitcoin aficionado and Fundstrat cofounder Tom Lee says he's more bullish on the crypto sector than ever, remarking that Bakkt's imminent launch could bring some much-needed legitimacy to the market. Lee tweeted that Bakkt's launch should bode well for the highly-lauded hopes of institutional involvement in the cryptocurrency industry. Tom Lee looks forward to the launch of Bakkt and the legitimacy it will bring | Source: TwitterLee's assertation that Bakkt's launch may improve the...

Ripple, the cryptocurrency firm behind the XRP token, has requested a federal court dismissal of a class-action lawsuit; all while ignoring one major issue, XRP's security status. The original lawsuit was first launched back in early 2018, by a handful of disgruntled XRP investors. The plaintiffs claimed that Ripple violated securities laws during the initial offering of the token; stating that XRP was intrinsic to Ripple's operational integrity. The relationship between XRP and Ripple has...

Bitcoin narrowly escapes a critical breakdown. | Image: Shutterstock Bitcoin (BTC) has rallied to gain nearly 5% in as many hours, narrowly avoiding posting seven consecutive red daily candles for the sixth time ever. The last time that BTC posted seven red daily candles in a row was heading into the start of August 2018. From July 29 to Aug. 4 of last year, BTC...

Gaming powerhouse EA has authored a tweet urging its followers to invest in cryptocurrency and people are not sure what to make of it. | Credit: AFP EA wants you to invest in crypto, or does it? The gaming powerhouse authored a tweet a little over an hour ago pushing its 5.5 million followers to invest in cryptocurrency. Source: TwitterIt's brief, to the point, and...

Last month, a judge ordered Craig Wright to turn over 50% of the bitcoin he mined with his former business associate, deceased computer genius Dave Kleiman. | Image: YouTube/BBC Craig Wright and Ira Kleiman have entered settlement discussions, with both parties requesting a 30-day extension of all case deadlines to facilitate negotiations. According to a joint...

Bitcoin bull Jack Dorsey is bolstering Square's crypto business with a string of new hires. | Credit: AP/Francois Mori As if Facebook's Libra doesn't have enough trouble, they just lost a developer to a rising crypto star. Square Crypto has poached a trio of blockchain developers from across the tech industry including Lightning Labs, Facebook's Libra, and Google....