Bitcoin Breaks $6,000, US Stock Index Futures See Lower Open

Thursday, May 8 —  after a brief market falter yesterday following the $40 million hack of major crypto exchange, crypto markets are showing resilience, with bitcoin (BTC) rallying above the $6,000 mark, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin is outperforming all of the other top ten cryptocurrencies and has seen 3.4% growth on the day to break back above the psychological price point of $6,000 — for the first time in almost six months (Nov. 14, 2018). To press time, the top coin is trading at…

French Gov’t Minister Open to Enabling Crypto Donations for Notre Dame

France’s Minister of State for the Digital Sector, Cédric O, has said he is open to cooperating with cryptocurrency platforms to enable crypto donations for the reconstruction of the Notre Dame cathedral. The news was reported by Bloomberg on April 17. The medieval cathedral suffered a blaze on April 15 that nearly destroyed the world-renowned landmark. Within just two days, donations for the monument’s reconstruction are reportedly approaching 900 million euros (over $1 billion). Cédric O — whose ministry works under the aegis of France’s Minister of Economy and Finance,…

BitMEX CEO Arthur Hayes Reveals Plans to Open Crypto Options Platform

Arthur Hayes, co-founder and CEO of major crypto derivatives exchange BitMEX, has revealed that the firm is hoping to open a cryptocurrency options platform in the medium term. Hayes made his remarks during an interview on the Venture Coinist podcast on April 12. Hayes — a former equities trader for Citigroup — indicated a rough timeline for the prospective launch, stating that: “We hope to possibly have our own options platform in maybe 12 to 18 months.” Hayes hinted at aspirations to innovate options listing, saying “we have somebody working…

Goldman Sachs CEO Refutes Bank Ever Had Plans to Open Crypto Trading Desk

Goldman Sachs CEO David Solomon has categorically refuted that the bank ever had any plans to open a crypto trading desk and stated that earlier media reports suggesting otherwise were incorrect.  Solomon made his remarks before the United States House of Representatives Financial Services Committee on April 10, during a hearing entitled “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis.” As previously reported, Goldman Sachs’ alleged plans to create a crypto-focused unit by the end of June 2018 were originally covered in…

Blockchain Software Firm Digital Asset Open Sources its DAML Language

Blockchain software firm Digital Asset has open sourced its Digital Asset Modeling Language (DAML), the company announced on Twitter on April 4. Introduced in April 2016, DAML is an expressive language designed for financial institutions to model and execute agreements through distributed ledger technology (DLT). According to Digital Asset’s blog, DAML is similar to a smart contract language in many ways, but it is optimized for usage in a private execution environment rather than in an open execution environment. Staring now, the source code for the DAML language is freely…

MyEtherWallet Launches New Open Source Ethereum Blockchain Explorer

Major Ethereum (ETH) wallet provider MyEtherWallet (MEW) has announced the launch of the alpha version of its new open source Ethereum blockchain explorer, EthVM, in a tweet from the official MEW Twitter account on March 11. The current version of EthVM shows data from the Ropsten network, an Ethereum testnet. Once deployed on Ethereum’s main network (mainnet), EthVM will be competing with Etherscan, the current leading Ethereum block explorer. In the tweet announcing the news, MEW asked users to report their feedback on the tool, stating: “Keep in mind that…

Cryptopia Could Open by March 4 as Officials Hint at Sums Lost in Hack

Hacked New Zealand cryptocurrency exchange Cryptopia will reopen for business on Monday next week, officials confirmed on social media on Feb. 26. In a series of updates, Cryptopia revealed its two founders would be returning to the company to help spearhead operations following an overhaul of its structure. Police formally granted permission for trading to resume in mid-February, but a subsequent notice from staff implied it was not yet possible to begin processing users. This now appears to have changed. “We are aiming to have the Cryptopia site re-opened as…

Open Source, Enterprise-Grade Blockchain Platform Insolar Launches Testnet

On March 4, 2019, Insolar is launching the Testnet 1.1 of its blockchain platform with the participation of external nodes in its network. advertisement The Swiss technical University ETH Zurich and Toronto’s York University have already reserved their nodes, as well as several bluechip companies, will be participating. Insolar is a global technology company building innovative public and private blockchain solutions on the Insolar blockchain platform: the most secure, flexible and scalable blockchain for business. In January 2019, Insolar successfully launched its Testnet 1.0 with a throughput of over 10,000…

Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a Historic Recovery?

The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying…

Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a History Recovery?

The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying…