Cryptocurrency

Binance, one of the biggest cryptocurrency exchanges in the world, is reportedly among a number of investors backing a decentralized bank to be launched in Malta. Bloomberg reported Thursday that Binance had confirmed it has acquired a 5 percent stake in the so-called Founders Bank at a €133 million euro ($155 million) pre-investment valuation. Founders Bank

Sirin Labs blockchain smartphone: Sirin Labs, the same company that brought Leonardo DiCaprio and Tom Hardy to the London-premier of its ‘world’s most secured phone’ just two years ago, is releasing a more affordable Android phone this November. The company’s latest blockchain-based smartphone endeavor has an even bigger endorsement this time around, the world’s most

The price of litecoin spiked to $81 on Wednesday amid notable news for the cryptocurrency often called the silver to bitcoin’s gold. The world’s sixth-largest cryptocurrency by market value looks to have picked up a bid on reports that the Litecoin Foundation has acquired a 9.9 percent stake in Germany’s WEG Bank through a new partnership

The cryptocurrency market is currently trading just over $250 billion and is continuing its drop from yesterday. Late Saturday the market surged nearly $15 billion in just an hour, reaching almost $280 billion but has since lost all of its momentum. Let’s check in with Litecoin (LTC) and Stellar (XLM). Litecoin (LTC) Two hours ago,

Bitcoin (BTC) is on the defensive today and could suffer deeper losses in the next few days should the bulls fail to defend the key moving average (MA) support, technical charts indicate. The leading cryptocurrency looked vulnerable to a pullback 24 hours ago, courtesy of the signs of bullish exhaustion near key resistance of $6,800.

In today’s edition of Crypto Daily News, we cover why Vitalik Buterin slammed centralized cryptocurrency exchanges, the Philippines making moves in cryptocurrency, and HBUS’s opening in the United States. Crypto Daily News: Vitalik Buterin Hates Centralized Exchanges On July 6th, Vitalik Buterin spoke in a ‘fireside‘ chat with Jon Evans at the TechCrunch Session focused

A goodwill ambassador for the United Nations Industrial Development Organization (UNIDO) has been named as the head of crypto exchange Binance’s new charity foundation. Announced today, the move puts Helen Hai – whose work is primarily focused on development in Africa – at the top of the Binance Charity Foundation, the philanthropic arm of one of

It’s Crypto World Cup Day 21. Justin Sun takes on Willy Woo and Charlie faces off against CryptoYoda. Who will move on and who will be knocked out? Today’s the final day of the quarterfinals and the last chance to take your guesses at the final two teams who will be moving into the semifinal

Switzerland’s principal stock exchange has announced that it is developing a blockchain-based platform to tokenize traditional securities. In an announcement on Friday, SIX Swiss Exchange said it will build the new initiative – dubbed SIX Digital Exchange (SDX) – on a distributed ledger, utilizing its technical expertise in operating a large-scale financial infrastructure. As a regulated

Today kicked off the quarterfinals of the Crypto World Cup and boy was the competition fierce! Many big names have already been eliminated, but who will be next? Let’s find out! Today’s competitors: Brad Garlinghouse vs. Charles Hoskinson & Cameron Winklevoss vs. Satoshi Nakamoto Check out the eight finalists that made it to the Quarterfinals!

Sure, a technical analyst can perform just fine with an understanding of candlestick patterns, support and resistance levels – but if you could add one more weapon to your trading arsenal, wouldn’t you? If you answered yes, then welcome to the world of supplemental indicators, namely the relative strength index (RSI) – one of the

Winklevoss twins hire NYSE executive: The Winklevoss twins have turned to an executive from the New York Stock Exchange, hiring Mr. Robert Cornish to oversee Gemini’s use of Smarts.  Gemini, the Winklevoss’ crypto exchange, has been in action since 2015, and adding Cornish to its team marks another instance of how crypto exchanges are looking to

Cryptocurrency exchange Gemini has hired former New York Stock Exchange (NYSE) chief information officer Robert Cornish to serve as its first chief technology officer. The exchange, founded by investor-brothers Cameron and Tyler Winklevoss, announced Friday that Cornish would be in charge of Gemini’s technology team and strategy, according to a press release. Further, Cornish will

Last month, Bitcoin enthusiasts breathed a sigh of relief when they were informed that the Tom Lee Bitcoin price target was $25K by the end of 2018. But a month later, now in the second half of the year, Tom Lee has changed his mind. He now expects that Bitcoin will trade a little over $20,000

Gravity-defying might be the best way to describe the “ethos” token market this week. Designed to power an ecosystem of payment gateways and wallets, the ethereum-based token picked up a bid at $1.20 a week ago developers behind the effort informed markets about an impending “big announcement.” Traders responded and the crypto asset remained bid around

What is CEX.IO? The cryptocurrency exchange CEX.IO began in 2013 as a cloud mining provider. As it began its journey towards becoming a crypto exchange, the USD market was the first to be added in 2014, followed shortly after by the EUR market. Now, CEX.IO is a cross-platform cryptocurrency exchange that can be accessed from

Binance, the world’s largest cryptocurrency exchange by trading volume, has suspended trading services, hours after irregular transactions were reported with a token on its platform.. Syscoin, a distributed network based on a fork of the bitcoin protocol, said on Twitter around 21:00 UTC on Tuesday that it noticed a potential issue with its system and

The cryptocurrency market made a comeback this weekend, but it seems it has begun correcting itself this morning. Cardano (ADA) and NEO are some of the coins doing well today. News broke that India’s Supreme Court denied the lifting of the Crypto Bank Ban. The ban will begin on July 5th but could be potentially

As they say, shots were fired. An investigative article raising concerns about possible market manipulation of tether has sparked a social media firestorm, with the dollar-pegged cryptocurrency’s detractors, supporters and seemingly everyone in between weighing in. In an incendiary take on an already controversial topic, Bloomberg analyzed tether trading data from the Kraken crypto exchange

It’s Day 17 of the Crypto World Cup and our second day of the round of 16! Charlie Lee faces off against Bill Barhydt, plus Tyler Winklevoss takes on CryptoYoda. It was two wild games today, with some pretty surprising results. Let’s dig in! If you missed it, here’s the summary of who’s playing in

A group of traditional securities firms in Thailand are planning to jointly launch a new cryptocurrency exchange, a report indicates. According to the Bangkok Post on Monday, the Association of Securities Companies (ACE) – a body that represents the country’s securities firms – said it is in talks with regulators about allowing established financial firms to

Welcome to Crypto World Cup Day 18! We are down to the final 16 and this round gives no second chances; if you lose your match you are out.  To arrive at the final 16 required tenacity and teamwork; it was a battle of the best and brightest but only the strongest have made it

Today has not been the best day for cryptocurrencies everywhere. With Bitcoin declining below the critical $6K level, it marks the furthest drop in the coin since November. Declining as much as 4.2 percent on Friday, it is currently trading around the $5,900 mark; this is whopping 59 percent decline from its highs at the beginning of this

Binance Uganda: The world’s most active cryptocurrency exchange by trade volume, Binance, just announced that it would be opening its first exchange in Uganda. Official Launch of #Binance Uganda Fiat-Crypto Exchangehttps://t.co/Od3NsL3rtm pic.twitter.com/3wCOdT5q62 — Binance (@binance) June 28, 2018 According to the statement made on the company’s website, Binance told its users that it would be

Bithumb hack: Last week, the world’s 11th largest cryptocurrency exchange by its 24-hour trade volume, Bithumb, announced that it had been hacked. The initial reports suggested that close to 35 million Korean won ($31 million USD) had been taken from its platform. Several cryptocurrencies were stolen, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash

It’s no secret that building large-scale, fully decentralized applications is a challenge, but it turns out the hurdles have to do with more than just scaling. Decentralized application or “dapp” developers frequently hit roadblocks, since ethereum – the go-to platform so far in dapps’ short history – can process only around 25 transactions per second, and

Steve Wozniak is one of the biggest Bitcoin bulls out there. He has recently stated that he hopes Bitcoin will become the world’s global economy, siding with Twitter founder Jack Dorsey who has forecasted a similar occurrence for the coin: “I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen but

Day 14 of the Crypto World Cup was a wild one! Roger Ver faced off against Anthony Pompliano in what turned out to be a shocker of a game. Plus, Willy Woo pulls the wool over everyone’s eyes. Meet the players of this year’s Crypto World Cup. Check out the results and highlights of today’s

Kotak Mahindra joins RippleNet: Yes, it’s true: another financial institution has joined the RippleNet. This is yet another example of how Ripple is working towards solving real-world problems. On Wednesday, Kotak Mahindra, an Indian bank, posted a press release, in which it stated that it has entered into a collaboration with Ripple. Specifically, Kotak Mahindra will

Bitcoin’s (BTC) “dominance rate” hit a 2.5-month high on CoinMarketCap today – a sign that investors are likely switching their money from alternative cryptocurrencies to the number one cryptocurrency by market valuation. The gauge rose to 42.74 percent earlier on Wednesday, the highest level since April 14, and was last seen a tad lower at 42.5