Day: October 15, 2018

Investment Giant Fidelity Launches Digital Assets Services Targeting Institutional Investors

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U.S. investment firm Fidelity has announced the launch of a new company, Fidelity Digital Asset Services, according to an Oct. 15 press release. The new company will offer custody and trade execution services for digital assets, targeting institutional investors like “hedge funds, family offices and market intermediaries.” According to the press release, Fidelity Digital Assets will provide a “secure, compliant, and institutional-grade omnibus storage solution for bitcoin, ether and other digital assets.” Cointelegraph will update this story as it continues. Source link

Bitcoin Payments Firm BitPay Adds Stablecoin Settlement [But Not Tether]

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Bitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” Gemini Dollar (GUSD) and USD Coin (USDC), providing them with the ability to denominate their operations in cryptocurrency while remaining immune from market volatility. The Atlanta-based BitPay made the announcement on Monday, explaining that it will allow merchants in 190 countries to accept international payments without relying on costly, time-consuming wire transfers. “BitPay was founded to make payments faster, more secure, and less expensive using Bitcoin for organizations around the world,” said Stephen Pair,…

Apple’s Steve Wozniak Co-Founds Blockchain-Focused Venture Capital Fund

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Apple co-founder Steve Wozniak has been announced as a co-founder of recently launched blockchain-focused venture capital fund EQUI Global, global business outlet Verdict reports Monday, Oct. 15. Following an announcement about his plans to become “involved” in a blockchain project earlier in August, Wozniak has been revealed today as a co-founder of EQUI Global, a venture capital fund focusing on blockchain technology and built on a blockchain-powered backend. The new venture capital fund aims to change the concept of the traditional industry by enabling non-institutional investments, as well as allowing…

Blockchain Network Allows Anyone to Launch Their Own Coin

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A new blockchain network believes its platform offers the “next step” from Bitcoin – speeding up transaction times and giving crypto enthusiasts the chance to change between different digital currencies with ease. In a bid to reduce the delays that some transactions on blockchain face, Minter claims it can process them in five seconds flat – meaning thousands of transactions per second can be completed without delays or additional confirmations. Minter hopes to stand head and shoulders above the competition by giving anyone the opportunity to create their very own…

Tether Pulled $300 Million in Cryptocurrency out of Circulation Last Week

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Tether LLC, the issuer of the eponymous USD-backed cryptocurrency tether (USDT), pulled $300 million worth of the “stablecoin” out of circulation last week, just days before the token lost its dollar peg. Blockchain data from Omni, the second-layer protocol that operates on the Bitcoin blockchain and serves as the infrastructure for the tether token, reveals that cryptocurrency exchange Bitfinex sent 300 million USDT to the Tether treasury address last week through two separate transactions. Source: Omni Explorer The first, executed on Oct. 9, returned 100 million USDT to Tether. Just…

Binance Pauses Tether Withdrawals After Disavowing Delist Rumor

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Crypto exchange Binance, the world’s largest by volume, suspended withdrawals of the tether (USDT) stablecoin Monday morning during what it called a period of heightened activity. Withdrawal functionality has since been returned, according to Binance’s website, which previously stated “wallet maintenance, withdrawal suspended” on the page for USDT. A customer service administrator on the platform’s English-language Telegram channel had previously said that the suspension was due to “USDT network congestion.” In another message, an administrator in the channel said earlier Monday that the “maintenance [is] due to network congestion. Expected date/time…

Peer Stablecoins are Showing 10% Premium against a Weak Tether

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A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted to other cryptocurrencies, including Bitcoin, raising their price in an otherwise bearish market. Among the gainers were also other stablecoins whose per token value advanced against the dollar – as well as the Tether’s USDT. USDC, TrueUSD, GUSD among Gainers Traders started…

Coinbase Veteran Adam White Joins ICE’s Crypto Platform Bakkt

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The former head of institutional products at major U.S. crypto exchange Coinbase Adam White will be joining Intercontinental Exchange’s (ICE) forthcoming platform Bakkt. According to a Medium post published today, October 15, White will be joining as chief operating officer (COO) this November. The news confirms unofficial reports that had already been circulating last week. As previously reported, Adam White was Coinbase’s fifth-ever employee, joining in 2013 when the founders “were still working out of a one-bedroom apartment and Bitcoin was trading around $200,” and staying with the firm for…

Coinbase Veteran Adam White Joins ICE’s Crypto Platform Bakkt

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The former head of institutional products at major U.S. crypto exchange Coinbase Adam White will be joining Intercontinental Exchange’s (ICE) forthcoming platform Bakkt. According to a Medium post published today, October 15, White will be joining as chief operating officer (COO) this November. The news confirms unofficial reports that had already been circulating last week. As previously reported, Adam White was Coinbase’s fifth-ever employee, joining in 2013 when the founders “were still working out of a one-bedroom apartment and Bitcoin was trading around $200,” and staying with the firm for…

Crypto Exchange OKEx Lists 4 New Stablecoins

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Hong Kong-based cryptocurrency exchange OKEx has announced that it is adding four U.S. dollar-pegged cryptocurrencies to its platform for trading. Rolling out the new additions over Monday and Tuesday, the exchange said in a support notice that it will list TrustToken’s TrueUSD (TUSD), Circle’s USDCoin (USDC), the Gemini Dollar (GUSD) from the Winklevoss-founded New York exchange and Paxos Standard Token (PAX). The latter three tokens were all launched by their respective companies in September, while TrustToken was ahead of the pack with a March release. At press time, OKEx is the…