Tag Archives: News

Elementus, which seeks to locate illicit transactions involving digital currency, has garnered nearly $4 million in funds from Fidelity Investments, a company that has become rather friendly with crypto over the past year. Elementus Is Getting the Money It NeedsThe funding round was led by Morgan Creek Digital and saw several other institutions pledging their dollars and cents towards the company including Avon Ventures and Devonshire Investors. In addition, Stage 1 Ventures and Robot...

The Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), launched its own bitcoin futures contracts for the first time on Sunday.Futures Contracts Are All the RageThe idea regarding futures contracts and trading physical bitcoins has been intriguing to most, with other companies like Chicago’s CME recently saying it will also launch bitcoin futures starting in early 2020. What’s special about ICE’s bitcoin futures is that this potentially marks the first move of...

The People’s Bank of China (PBoC) announced that the long-awaited central bank-issued digital currency will not be ready in November as it had been predicted in crypto circles. From the bank, they added that reports saying Alibaba and Tencent are among the first financial institutions to receive the currency was incorrect.This came as a surprise because just few weeks ago we could hear that it will “be better than Libra“, and they even enthroned their new digital currency chief Changchun Mu...

Swiss stock exchange SIX announced that they have launched a pilot version of its exchange and central securities depository (CSD) for digital assets.This prototype platform, launched under SIX Digital Exchange (SDX) which is its digital assets branch, is expected to experience the even better performance as it will be proceeding towards a full launch slated for Q4 2020.According to Jos Dijsselhof, who is the head of SIX, the existing system could be completely replaced by the SDX within just...

WeWork is less than a decade old but is already enmeshed in more than its own fair share of troubles. The company which was founded back in 2010 has already had a large number of its most senior officials exiting. WeWork executives are very unhappy because of all the uncertainty about the company’s corporate governance methods, as well as all the obscurity about the company’s initial public offering (IPO) until it has been recently canceled.Furthermore, there is a lot of distrust and...

YouTube star Nicholas Merten is a fan of crypto, but like everyone else, he’s noticed the gradual downplay of bitcoin as of late. Once again, bitcoin has dropped below the $10,000 mark and is trading for just over $9,800. While this isn’t a major fall, the currency seems to have wavered between this mark and $10,200 over the past month.Merten: Altcoins Are Making a ComebackMerten isn’t concerned by this. In fact, he’s looking to use the situation to his advantage, and advises others to do the...

The world’s largest cryptocurrency exchange by trading volumes, Binance, will debut its trading operations in the United States from Tuesday, September 24. For this, Binance has launched a completely different American subsidiary Binance US following the country’s regulatory laws.Starting Tuesday, Binance US will offer the trading facility in crypto-to-crypto and fiat-to-crypto trading pairs. Moreover, Binance US plans to list seven cryptocurrencies immediately upon launch. These include...

The S&P 500 is the most widely used stock market index as it takes into account 500 of the largest stocks by market capitalization. This position atop other indexes has remained constant for a long time, probably because the index captures the big stocks without taking the specific sectors into consideration.Back in July, the S&P 500 hit its all-time high of about 3,025 and even though its currently not too far from that mark (at 2,992), Fundstrat’s co-founder and managing director,...

Stellar lumen price rallied this past week above the $0.0800 resistance area against the US Dollar.XLM price even broke the $0.0900 level and recently started a nasty decline below $0.0800.There is a declining channel forming with resistance near $0.0680 on the 4-hours chart (data feed via Kraken).The pair remains at a risk of more losses and it could even revisit the $0.0570 support area.Stellar lumen price is back in a bearish zone after a massive rally against the US Dollar. XLM price...

Ever since Google announced that they are working on a Quantum super-computer the world has been eager to see the results of such a scientific and technological breakthrough. Last year in March, they presented the super-computer which boasted a 72-qubit computing power. Since then the word quantum computing has become very popular and nations around the world cannot wait to get their hands on this remarkable discovery. But why?The main reasons might be the fact that quantum computing can...