Author Archives: Gerelyn Terzo

Crypto Exchange Wars: Bakkt Poaches Key Exec from Coinbase Ahead of November Launch

Regulated cryptocurrency exchange Bakkt will compete with top U.S.-based crypto trading platform Coinbase not just for trading volume but talent, too. Bakkt, which is gearing up to make its debut next month, announced on Twitter that it has poached Coinbase alum Adam White as chief operating officer. It’s a blow to Coinbase, where White had a key […]

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0x Rises by Double-Digits as Coinbase Makes Good on Its Promise

U.S. cryptocurrency exchange Coinbase is beginning to make good on its promises, announcing on Twitter that altcoin 0x (ZRX) will be listed on Coinbase Pro, which is a platform for individual traders. 0x is being added across the “ZRX/USD, ZRX/BTC and ZRX/EUR order books,” according to the exchange. The listing represents the first move Coinbase has […]

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Nouriel ‘Dr. Doom’ Roubini Argues Against Crypto at Senate Hearing

Economist Nouriel Roubini is kicking cryptocurrencies while they are down. In his testimony today before the Senate Banking Committee today at a crypto and blockchain hearing, Roubini argued that cryptocurrencies are “the mother of all scams and (now busted) bubbles.” The timing of today’s hearing before skeptical U.S. Senators couldn’t have been worse, with the […]

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Ethereum-Based Maker Extends Bull Run, Rises 25%

While the broader cryptocurrency market is trading in the green today, not many coins in the top 100 are up double-digits. Maker (MKR) is an exception, having risen more than 25% in the last 24 hours on trading volume of nearly $4 million. Despite the weak volume in comparison to larger coins, it’s unusually high […]

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Blockchain Capital’s Bogart on Why It’s Been ‘Best Week’ for Crypto

Now that Yale University has earmarked an allocation to cryptocurrencies, it could be the start of an institutional wave. Although the Yale endowment, whose value is is a whopping $29.4 billion, isn’t investing directly in bitcoin or another digital currency, it’s gaining exposure through a couple of leading crypto venture funds. The development plus a […]

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U.S. SEC’s Review of Bitcoin ETF Applications Shows Progress

The U.S. Securities and Exchange Commission (SEC) is asking for more comments surrounding a rule change that would deliver the first bitcoin ETF to the market. The Wall Street watchdog filed several amendments today inviting comments either in support or opposition of several crypto trading products, including the GraniteShares bitcoin futures ETF, which the agency rejected […]

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Crypto Exchange Coinbase Valued at $8 Billion by Potential Hedge Fund Backer

Hedge fund Tiger Global is reportedly eyeing a $500 million investment into San Francisco-based Coinbase. The investment, which was first reported in recode, attaches an $8 billion valuation to the popular U.S.-based cryptocurrency exchange. Not only would a deal of this size bolster Coinbase’s ranking among blockchain companies, but it would make it one of […]

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CFTC Chairman Giancarlo: ‘Crypto Is Here to Stay’

While the U.S. SEC has shied away from crypto regulation, the CFTC has taken a different tack, having embraced the market even while fighting to fend off fraud. Chris Giancarlo, chairman of the U.S. Commodity Futures Trading Commission (CFTC), shared a glimpse into his level-headed approach with CNBC, chief among which was his belief that cryptocurrencies aren’t […]

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Ripple Delivers xRapid to Commercial Production as Swell Event Unfolds

Ripple is placing its xRapid solution into commercial production, initially sending shares of XRP and the broader cryptocurrency market slightly higher on the heels of the announcement. Crypto prices have since been meandering in and out of positive territory. Ripple, which is in the midst of its two-day Swell conference in San Francisco, shared the development on […]

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Fundstrat’s Lee Bullish on ETH, Expects a “Trend Reversal”

Ethereum is not down for the count, not if you ask Fundstrat Co-Founder Tom Lee. In a letter to clients cited on CNBC, Lee identified some historical trading patterns in the No. 2 cryptocurrency, whose value has been slashed by 83% since its peak. He pointed to trends suggesting that Ethereum’s setback is more like […]

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Bitcoin Cash’s 25% Gains Fueled by Bitmain’s IPO Filing

Bitcoin Cash (BCH) has made its way onto today’s leaderboard, gaining nearly 25% on the heels of a major development at a bitcoin mining giant. After months of speculation, Bitmain Technologies has filed an application for an IPO in Hong Kong, sending shares of Bitcoin Cash (BCH), which is including among the cryptocurrencies that the […]

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Circle Jumps on the Crypto Stablecoin Bandwagon

Activity among cryptocurrency startups is ramping up. Most recently, Jeremy Allaire’s Circle is jumping on the stablecoin bandwagon, with plans to unveil a new cryptocurrency that’s tied to the value of the U.S. dollar, Bloomberg reports. The new crypto will be dubbed USD Coin (USDC), transactions for which including bank deposits and fiat-to-crypto conversions will occur […]

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Google to Lift Crypto Ad Ban in October

Google has made a 180 degree turn from its blanket ban of cryptocurrency ads, at least for crypto exchanges. The internet giant will start allowing regulated crypto exchanges to purchase ads in the U.S. and Japan, according to a company announcement. It’s a step forward for the industry and an indication that the stigma attached to […]

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Bitcoin Network Faced One-Two Punch of Inflation and DoS Threats

Bitcoin Core has emerged seemingly unscathed from a major vulnerability that threatened to shut down parts of the network in a denial-of-service (DoS) attack. But apparently, the bug was even worse than originally thought. According to a Bitcoin Core Full Disclosure Report, the issue included an “inflation vulnerability,” one in which if seized upon could […]

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Bitcoin Shrugs Off SEC’s Delay of VanEck/SolidX ETF

The U.S. Securities and Exchange Commission (SEC) has issued an order to launch proceedings on whether or not to approve the widely anticipated VanEck/SolidX bitcoin ETF on the CBOE. The announcement comes just days before what was supposed to be a Sept. 30 deadline for the Wall Street regulator to make a call on a proposed […]

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Ripple Effect: XRP Leads Market Higher with Double-Digit Gains

The third biggest cryptocurrency XRP is leading the market higher today, having risen by 16.5% in the last 24 hours. XRP currently boasts a market cap of more than $14.7 billion on trading volume of $541 million, adding to much-needed gains the coin already achieved in recent days. The XRP coin, whose majority holder is […]

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Cannabis Maker Tilray Soars 50% amid U.S. Regulatory Green Light

Medical cannabis maker Tilray (TLRY), which trades on the Nasdaq, has seen its stock expand by more than 50% today as the market cap races past $20 billion. As CNBC noted, Tilray dwarfs more than 100 companies in the S&P 500. Today’s gains are impressive, even for a stock that has gained about 900% since […]

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FunFair’s Value Expands 20% in a Week amid Catalysts

FunFair (FUN) has taken investors on a wild ride in the last month along with the broader cryptocurrency market. Most recently, however, the FUN has hit a stride, increasing its value by approximately 20% over the last week. For the month, the coin remains lower by 14% as most ETH-based tokens have been following the […]

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Ethereum Hard Fork to Launch on Testnet in Early October

Ethereum core developers have been feverishly working on Constantinople, which is the next upgrade of the network. According to a recent Ethereum Core Devs Meeting, devs will be ready for the hard fork release soon, and the hard fork of testnet Ropsten has been scheduled to launch on around Oct. 9. It could serve as a boon for […]

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Bitcoin Could Have Smooth Sailing from Here, Technical Oscillator Suggests

While the Ethereum price is only beginning to show signs of recovery, the bitcoin price has managed to hold above key support in the wake of industry setbacks. When the bitcoin price jumped from $6,300 to $6,500 a few days ago, the whole market was watching, including Michael Novogratz, founder of Galaxy Digital.  He was […]

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