Ripple’s CEO Worried About Regulatory Backlash Over Facebook’s Libra Plan
Brad Garlinghouse, chief executive officer of crypto currency company Ripple, says he’s worried Facebook’s plans to enter the arena with its Libra digital coin will provoke harsher regulation of the entire sector. “You just want to make sure that you don’t get caught in the crossfire,” Garlinghouse said in an interview with Fortune in London […]
Analytics: XEM, XLM, XTZ, BNB and IOTA
After the strong recovery of the past few weeks, this week saw some profit booking at the highs. However, unlike previous occasions, the dip has been shallow and some buying is visible close to support levels. This shows that the market sentiment is changing from sell on rallies to buy on dips. After the sharp […]
POTS Are the New ICOs and WeBuy Is Leading the March
WeBuy introduces the very first on-demand advertising platform, based on a complex web of Buyer Referral Networks (BRN), completely created and governed by users of the platform. Entering a $250 billion market, WeBuy gets rid of unnecessary third parties and doesn’t put itself in the middle. The buyer’s private information is never revealed to sellers […]
XRP and xRapid Success Disprove Critics
Sometimes back, news had it that Ripple may be in advanced stages preparing to roll out a product called Convergence. By integrating xCurrent, xRapid and xVia, into one seamless format, clients would conveniently ride on a certified secure and fast network. Though there was no official collaboration from Ripple endorsing comments from the Director of […]
Tron Price Analysis: TRX Add 4.2 Percent, Accelerator Program Troubles
BTC and other coins may be struggling, but TRX is up 4.2 percent in the last day. While TRX is trading below 2.5 cents, the asset has found support at Oct 2018 lows. The first target will be at 4 cents in line with our previous trade plans. Tron Price Analysis While most investors are […]
Japan Reclassifies Crypto While Hong Kong Tightens Regulations
Two of the most crypto friendly nations on the globe have been revisiting their regulatory frameworks this week. Japan has reclassified its terminology of cryptocurrencies while over in Hong Kong regulators want more oversight on exchanges and crypto companies. FSA to Change Moniker for Crypto Japan’s Financial Services Agency has made moves to label Bitcoin […]
Crypto ICO Price Continues to Fall, Likely Due to Growing Regulatory Pressure
Blockchain and crypto projects that raised millions of dollars via tokenized crowdfunding means are now lining up to return their capital to their original investors. Because apparently, they were not allowed to raise funds in the first place. The Securities and Exchange Commission (SEC) has gone after these startups for reportedly violating existing securities laws. The […]
ICO Funding Continues to Plummet Amidst Crypto Bear Market
The latest statistics regarding ICO funding in recent months shows that investors continue to turn away from investing in ICO projects amidst the persisting crypto bear market. The statistics, which were reported in the latest issue of the Diar digital asset newsletter, show that ICO fundraising in November plummeted to the lowest level of 2018. The […]
Gold Demand Rising: Investors Turn to Precious Metal as Safe Haven Asset
Recent global economic concerns and stock market volatility seem to have increased demand for gold as a safe haven asset. The price of the precious metal hit its highest level since June in the yesterday’s trading session. Investors are turning to the historical store of value in rising numbers to protect their wealth amid geopolitical […]
Kik Begins Rollout of Crypto Ecosystem with Kin Tipping Feature
The Kin Foundation has begun rolling out its plans to build a cryptocurrency ecosystem to power its messenger platform, starting with a new tipping feature. Kik, the popular messenger app for iPhone and Android, revealed today a new tipping feature that uses the company’s native Kin cryptocurrency token, reports The Next Web. The feature will […]
Coinbase Launches Trading Desk For Institutional Investors
OTC, or over-the-counter, trading occurs between two parties directly ー as opposed to over an exchange ー typically between an investment bank and its clients. “We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading,” said Christine […]
CryptoKitties Raises $15M in Financing
Dapper Labs, the company behind the world’s first and most successful consumer blockchain product, CryptoKitties, has raised US$15M in financing led by Venrock, with participation from GV (formerly Google Ventures) and Samsung NEXT. These funds will be used to help Dapper Labs, a Canadian-founded company, expand locally and globally. This includes establishing a U.S. subsidiary led by former executives […]
Alibaba Wins preliminary Trademark Injunction Against Cryptocurrency Alibabacoin
Chinese e-commerce giant Alibaba Group Holding Limited has won a preliminary injunction against cryptocurrency firm Alibabacoin Foundation. The legal victory centers on the use of the company’s name, or likeness, purportedly to promote the foundation’s similarly named virtual currency, according to Oct. 22 court documents in the U.S.’s Southern District of New York. The case […]
Taiwan Financial Supervisory Commission Says it is Drafting ICO Regulations
The Financial Supervisory Commission (FSC) is drawing up national standards for initial coin offerings (ICOs) to make virtual tokens as easy to invest in as stocks and just as liquid, FSC Chairman Wellington Koo said yesterday. The draft is to be completed by June next year, he told a meeting of the Legislative Yuan’s Finance […]
ICO Portfolio is Down by 66% in the First Half of 2018
In the first half of 2018, 86% of the leading initial coin offerings (ICOs) that listed on a cryptocurrency exchange in 2017 are below their initial listing price and a portfolio of these ICOs is down by 66% since the peak of the market at the beginning of this year, according to a study from […]
