Crypto News
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Maldives’ Central Bank Denies Issuing Permits for Crypto Transactions
The central bank of the Maldives has warned citizens to be wary of advertisements appearing on social media platforms relating to the trading of cryptocurrencies. In a press release, the Maldives Monetary Authority (MMA) cautioned members of the public against transacting in cryptocurrencies pointing out that it was the only agency responsible for licensing money exchange business […]
Bitcoin Price Rises to $6,450 as Market Stabilizes, Has Crypto Hit a Bottom?
Over the past 72 hours, the cryptocurrency market experienced one of its wildest fluctuations in recent years, triggered by the sudden increase in the Bitcoin price. The unforeseen decline in the value of Tether (USDT), a stablecoin backed by the US dollar on a 1:1 ratio, led premiums on major cryptocurrencies like Bitcoin (BTC) and […]
Huobi Lists Four ‘Regulated’ Stablecoins Vying for Tether’s Crown
Huobi Global is set to list four new stablecoins, namely Paxos Standard (PAX), Gemini Dollar (GUSD), TrueUSD (TUSD), and USDCoin (USDC) later this week. In an announcement on its website, the cryptocurrency exchange revealed that the four new assets will go live on Oct. 19. Huobi’s New Listings PAX, a newly launched digital asset is dollar-pegged, issued […]
Movers of the Day
Tokens and coins that moved the most in the last 24 hours: Top movers of the day are ZPER token and Haven Protocol which has shot up by 59.53% since 6 pm. Generally, the tokens and coins are at the same level as before 24 hours. 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of top 1100 crypto […]
Movers of the Day
Tokens and coins that moved the most in the last 24 hours: Top movers of the day are FuzeX and Docademic. Since 6 pm FuzeXhas increased by 7.53% while Docademic has fallen by 0.55%. In the evening, most tokens and coins rose slightly. The biggest move made the tokens and coins with market cap from […]
DocuSign Will Add Ethereum Blockchain Integration to Verify Signatures
San Francisco based DocuSign has announced the integration of the Ethereum blockchain into its electronic signature and transaction management service. The company, which currently has over 400,000 paying customers, will now have an option for customers to have evidence of a DocuSigned agreement automatically recorded on the Ethereum blockchain. This option will be an alternative to the company’s native […]
Op-Ed: Stablecoins and Bank Failure — The Unmitigated Risk of Fiat-Backed Tokens
About the author: Ranjeet Sodhi is the CEO and Co-Founder of Vault. He is also a fintech entrepreneur with over 19 years of experience leading and turning around key regulatory risk management initiatives for global top tier investment banks and financial services firms, including JPMorgan Chase, Citi, Deloitte, and E&Y. You can follow him on Twitter […]
Soaring Inflation Sends Bitcoin Trading Volume to [Another] New High in Venezuela
The amount of Venezuelan bolivars being spent to purchase bitcoin has risen to record levels as the South American country experiences unprecedented hyperinflation and a worsening economic crisis. Per Coin Dance, bitcoins worth nearly 900 million bolivars have been traded so far this week in Venezuela, and this is already higher than last’s week volume of slightly over […]
North Dakota Regulator Issues Cease and Desists Against 3 ICOs
The North Dakota Securities Department last week issued cease-and-desist orders against three companies promoting initial coin offering (ICO) in the state. Karen Tyler, the Securities Commissioner, named Crystal Token, Advertiza Holdings (Pty) Ltd., and Life Cross Coin aka LifecrosscoinGmbH, as the latest offenders involved in illegal business practices related to cryptocurrencies. Investigations found that the accused companies were […]
Newsflash: Bitcoin Surges to $7,500 on Bitfinex Due to Tether Implosion, Real Price $6,700
The price of Bitcoin has surged from $6,300 to $7,500 on Bitfinex, a major cryptocurrency exchange that reportedly operates Tether LLC, a firm that oversees the development of stablecoin Tether (USDT). Bitcoin is being traded with a significant premium on exchanges that have integrated USDT such as OKEx and Huobi, because traders have initiated the […]
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