Archive for July 2018
In Its First Public Acquisition, Binance Buys Decentralized Trust Wallet
Major crypto exchange Binance has made its first public acquisition, having bought Trust Wallet, according to an announcement July 31. Launched in 2017, U.S.-based Trust Wallet is an open source, anonymous, and decentralized wallet that supports Ethereum (ETH) and over 20,000 different Ethereum-based tokens (ERC20, ERC223, and ERC721). While the details of the deal are…
Read MoreAsset Management Firm Northern Trust to Start Crypto Custody Business
Northern Trust Corp., a leading global asset management firm with $954 billion in total assets under management, is planning to start a custody service for digital assets, Bloomberg reported July 31. The company’s head of corporate and institutional business Pete Cherecwich told Bloomberg that the company has started developing a strategy to secure custody-held digital…
Read MoreStellar Month: July's Top Performing Crypto Asset Saw 40% Gains – CoinDesk
Bitcoin’s 26 percent rally left many a cryptocurrency in the dust over the course of July. Indeed, the bitcoin dominance rate, a widely used indicator that tracks the percentage of the total crypto market cap contributed by bitcoin, rose to 48 percent, up from 42 percent, to record a 7-month high over the 31-day period,…
Read MoreSurvey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat – Bitcoin News
Economy & Regulation The majority of crypto exchanges want to see the industry regulated, although many consider excessive regulation to be the biggest threat, according to a new study. A third of the platforms in the poll also fear a market crash that could suddenly devalue digital assets. A fifth of the exchanges dislike anonymity. …
Read MoreKorean Officials Probe Shipwreck ICO for Possible Fraud – CoinDesk
Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported Tuesday. Authorities are reportedly looking into Shinil Group, which claims to have found a Russian shipwreck from the early 1900s, for possible fraud charges. The company launched its own cryptocurrency, which investors bought with…
Read MoreNobel Prize Winning Economist Paul Krugman Expresses Skepticism About Crypto, Predicts Collapse
Nobel Prize winning economist Paul Krugman has expressed his skepticism about the value of cryptocurrencies in a New York Times Opinion piece published July 31. Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, explains his position as a “crypto skeptic” by noting the high transaction costs and an “absence of tethering”…
Read MorePR: Keynote Brings the World Blockchain Forum to London – Bitcoin News
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The world’s largest blockchain conference explores the promise of blockchain…
Read MoreThis Is How to Trade the BoJ Policy Decision
4 min read The Bank of Japan just wrapped up the July policy meeting and made no changes to policy, as expected. What was not expected was a reaffirmation of easy money policy and indication Japan’s government bond rates would target 0%. This move had the combined effect of easing fears the bank would begin…
Read MoreBitcoin Price Hits One-Week Low In Drop Below $8K – CoinDesk
The price of bitcoin fell below $8,000 for the fourth time in seven days Tuesday as the cryptocurrency’s value sank to its lowest level since July 23. As of press time, the world’s largest cryptocurrency by market capitalization is averaging $7,764.44, according to CoinDesk’s Bitcoin Price Index (BPI). That figure represents a roughly 4.9 percent decline…
Read MoreNew Ripple-Based Decentralized Exchange Launches in San Francisco
A new Ripple (XRP)-based decentralized crypto marketplace, DCEX, has now opened registration for retail and institutional accounts, according to a press release published July 30. The new San Francisco-based platform runs on technology developed by blockchain firm AlphaPoint, and will initially offer 15 crypto-crypto trading pairs, all against Ripple as a base currency. These include…
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