Day: September 7, 2019

Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens

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French hardware wallets manufacturer Ledger announced that its cryptocurrency management software Ledger Live now supports Ethereum (ETH) ERC-20 tokens. In a blog post published on Sept. 5, Ledger announced the version 1.14.0 of its Ledger Live software that now supports over 1,250 Ethereum-based ERC-20 tokens. The update has already been released for both mobile and desktop versions of the software. More assets to be supported in the future The Ledger Live application allows users of the company’s hardware wallets such as Ledger Nano S or Ledger X to manage their…

Huobi’s Research Arm to Partner with the University of Gibraltar

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Huobi University, the research and education arm of cryptocurrency exchange Huobi, announced its collaboration with the University of Gibraltar on various blockchain initiatives. On Sept. 5, Houbi Group, the parent company of both Huobi University and Huobi exchange, announced what the firm describes as its “first formal collaboration with a Western university.”  As Cointelegraph reported in October 2018, the Government of Gibraltar in collaboration with the University of Gibraltar have created an advisory group focused on the development of blockchain-related educational courses. An official partnership Per the release, Gibraltar’s Minister…

Coinbase, Ripple Leave Top 10 of LinkedIn’s ‘Hottest’ Startups List

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Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. According to the new LinkedIn’s list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while Coinbase’s position was downgraded to 29th (was third in 2018). Stock and crypto trading startup Robinhood mostly retained its position, moving from the sixth place in 2018 to the 7th in 2019. Crypto startups are…

Coinbase, Ripple Leave Top 10 of LinkedIn’s ‘Hottest’ Startups List

boss

Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. According to the new LinkedIn’s list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while Coinbase’s position was downgraded to 29th (was third in 2018). Stock and crypto trading startup Robinhood mostly retained its position, moving from the sixth place in 2018 to the 7th in 2019. Crypto startups are…

Buy the Rumor, Sell the News?

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Bakkt Warehouse custody opened yesterday, as clients were able to deposit Bitcoin funds into the accounts. However, minutes after the tweet announcing the opening, the price of Bitcoin dropped by $700 — a classic example of buying the rumor, selling the news. Let’s take a look at the charts to see where the market is standing.  Bitcoin price performance BTC/USD chart. Source: Tradingview According to the last article, Bitcoin reclaimed the $9,800 level as support and started to rally upwards to the heavy resistance zone of $10,800-11,000. Not only a…

How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business

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The Takeaway: Crypto lending startup Celsius raised $50 million in a token sale in 2018. Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after locking in crypto collateral. BitGo confirmed to CoinDesk that it held $1 billion worth of crypto deposits from Celsius over the past year. CEL tokens are trading for roughly the same price today as they were last autumn, shortly after the token sale. So far, Celsius says it has not been contacted by any regulatory body with concerns about CEL…

US Senate Discussion: Crypto Miners Should Be Regulated Under Bank Secrecy Act

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Following a recent argument presented by David Murray, a human-trafficking expert, we can’t help but wonder if this is a regulatory scheme or an outright ban on a whole technology. In a written document delivered before a hearing on human trafficking at the Subcommittee on National Security and International Trade and Finance, Murray advised the U.S. Congress to erect a stricter regulatory framework than what we have today. He suggests that Congress should set up a new class of regulated financial institutions specifically for crypto miners or ‘virtual asset transaction…

Bakkt Is Finally Taking Bitcoin Deposits, but You Wouldn’t Know It – CCN Markets

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Bakkt picked a tough day to begin securing assets, but it’s still been on bitcoin’s highlight reel in 2019. | Source: Shutterstock Bakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community’s collective heads. Today the bitcoin futures exchange made one giant leap toward its official launch by opening up Bakkt Warehouse Custody, which is the arm of the business that will keep big investors’ funds safe while they trade. Bakkt Warehouse custody is live. Now accepting…

Bakkt Is Finally Taking Bitcoin Deposits, but You Wouldn’t Know It – CCN Markets

boss

Bakkt picked a tough day to begin securing assets, but it’s still been on bitcoin’s highlight reel in 2019. | Source: Shutterstock Bakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community’s collective heads. Today the bitcoin futures exchange made one giant leap toward its official launch by opening up Bakkt Warehouse Custody, which is the arm of the business that will keep big investors’ funds safe while they trade. Bakkt Warehouse custody is live. Now accepting…

Swiss National Bank President Says Stablecoins Could Hamper Policy

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Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment instruments, stores of value and units of account, as they are subject to major fluctuations. Jordan went on to say: “Crypto tokens are more like speculative investment instruments than ‘good’ money in terms of their characteristics. Users typically describe…