Bitcoin Explodes to $7,500 as Tether Loses USD Peg

Bitcoin price surged 9 percent within hours as Tether started losing its grip on the USD-peg. The BTC/USD pair closed yesterday on a modest 2 percent gain in pennant formation action following the recent drop. Nevertheless, the couple started picking momentum during the early Asian trading session and jumped to as high as 7800-fiat from …

Crypto Funds Makes 20% of Total Hedge Funds Launched in 2018

The number of cryptocurrency hedge fund launches has increased dramatically in 2018 despite a bearish market, finds a new study. According to Crypto Fund Research, crypto funds now constitute 20 percent of the total hedge fund launches in 2018. The industry witnessed 90 cryptocurrency fund launches by the end of the third quarter of this …

Boxing Legend Manny Pacquiao’s Cryptocurrency Could Launch This Year

Manny Pacquiao’s long-awaited cryptocurrency could launch by the end of the year. According to a StraitsTimes report, Singapore based Global Crypto Offering Exchange (GCOX) is in charge of the launch of the Pac Tokens, the cryptocurrency that leverages on the popularity of the Philippine boxing legend. The news outlet quoted GCOX chief communications officer Evan Ngow who …

French Grocery Chain Integrates IBM’s Food Trust Blockchain

IBM has been flirting with blockchain technology for years. The former PC manufacturer has quietly built multiple blockchain technologies while more obviously innovating in spaces like artificial intelligence with its Watson technology. One area of keen interest as to what the blockchain is capable of is product information, tracking, and so forth. More specifically, food …

Litecoin Price Makes Slight Gain in Wake of Gemini Listing

Cryptocurrency exchange Gemini has announced that effective Saturday, Oct. 13, at 9:30am EDT, customers will be able to deposit litecoin into their Gemini accounts. The New York-based startup headed by Cameron and Tyler Winklevoss made the announcement on Friday via a post on its website. Anticipated Market Impact In the announcement post, Eric Winer, Gemini’s …

Ripple (XRP) Marks the Best Correction as Crypto Market Recovers

The Ripple-to-Dollar (XRP/USD) exchange rate on Friday was the earliest to recover from its latest downtrend move. It surged as much as 19 percent from yesterday’s low at 0.377-fiat, which is higher than other top coins. Ripple, the company that issues XRP tokens, is reportedly heading towards forming a partnership with SWIFT, a global banking …

Senate Hearing Breaks Down His Arguments

The United States Senate Committee on Banking, Housing, and Urban Affairs held an informational hearing today titled “Exploring the Cryptocurrency and Blockchain Ecosystem.” The speakers included Dr. Nouriel Roubini, Professor of Economics and International Business, New York University Stern School of Business; and Mr. Peter Van Valkenburgh, Director of Research, Coin Center. Both gave testimonies on …

South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now

The chairman of South Korea’s primary markets regulator has reaffirmed the authority’s initial coin offering (ICO) ban in a top-level meeting on Thursday. Financial Services Commission (FSC) Chairman Choi Jong-ku has told lawmakers during the annual government audit in a parliamentary meeting that the authority will stick to its policy of a sweeping blanket ban …

Blockstream’s Bitcoin Sidechain is Now Live

Samson Mow, chief strategy officer at Blockstream, announced today that the blockchain startup has launched the Liquid Network, a Bitcoin sidechain. Liquid is, as described by the company, “an innovative sidechain built on the Bitcoin network, facilitating faster bitcoin transactions between businesses and individuals, while enabling extended functionality.” The main purpose for the technology is …