Category Archives: Market News

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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Public Sale of Venezuela’s Oil-Backed Petro Cryptocurrency Slated for November

After much controversy and speculation, the government of Venezuela has announced plans to take its state-backed petro cryptocurrency public. Public Sale Announced According to RT News, the public sale will commence Nov. 5, 2018, giving investors the opportunity to own a piece of Venezuela’s natural gas reserves. Government authorities describe the petro as an “instrument to […]

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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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Bitcoin Cash Price Analysis: When is BCH/USD Taking Another Extended Move Higher?

The Bitcoin Cash price behavior suggests another imminent breakout is likely. Upside surprises appear move likely than any potential downside breakouts. BCH/USD continues to move within a bullish pennant pattern formation. Narrowing price action indicates a breach is near. The Bitcoin Cash price after the huge surge to the upside on 26th September, attributed to the […]

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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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TD Ameritrade to Launch Regulated Cryptocurrency Exchange

One of America’s largest brokerage firms is betting big on the continued growth of cryptocurrencies. To that end, TD Ameritrade has announced it is backing a new platform that gives retail traders the ability to access both bitcoin spot and bitcoin futures. TD Ameritrade Enters Crypto The U.S. brokerage firm, which controls $1.2 trillion in […]

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Crypto Market Development: South Korea’s National Policy Committee Chair Calls For ICO Legalization

A member of South Korea’s governing Democratic party and the chairman of Korea’s National Policy Committee, Min Byung-Doo, is urging to ease the current regulations on Initial Coin Offerings (ICOs). Min Byung-Doo wants to introduce necessary regulatory framework, allowing ICOs in the country. Allow ICOs In South Korea The South Korean National Policy Committee Chief, […]

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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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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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U.S., Canada Agree on New NAFTA Deal After Marathon Negotiations

The United States and Canada have agreed in principle on a new trade pact that will replace the North American Free Trade Agreement (NAFTA) following a series of intense negotiations over the weekend. The new deal, dubbed the United States Mexico Canada Agreement (USMCA), seeks to “rebalance” continental trading after more than two decades of […]

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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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Japanese Cryptocurrency Exchange Zaif Suffers $59 Million Hack

The Japanese cryptocurrency exchange Zaif was reportedly hacked for almost $59,000,000. This is not the first time the exchange has struggled with vulnerabilities or technical flaws in its system. The most notable example of this history occurred back in February when a system glitch enabled customers to buy cryptocurrency for free. At the time, users […]

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Market Update: Dow Jones Hits Record High; Cryptocurrencies Hold Their Ground

The Dow Jones Industrial Average notched record highs on Wednesday, as global bond yields continued to rise amid heightened trade tensions between the United States and China. Meanwhile, cryptoassets were little changed amid news that Fidelity Investments was preparing to unveil new crypto offerings this year. Stocks Settle Mostly Higher Strong gains in financials and […]

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Fidelity Investments Entering Crypto as Debate Over ‘Institutionalization’ Grows  

One of the world’s biggest asset managers is planning to launch new cryptocurrency offerings by the end of the year, the latest evidence of a broad institutional push to bring digital assets mainstream. Fidelity to Enter Crypto Fidelity Investments, the world’s sixth-largest asset manager, is developing a new suite of crypto- and blockchain-focused products, according […]

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Manipulation, Fraud and Abuse: New York Attorney General Issues Stern Warning Against Cryptocurrency Exchanges

The New York State Attorney General’s office has ratcheted up its war of words against cryptocurrency exchanges, warning consumers of the myriad of risks they face in depositing money on these platforms. Crypto Exchanges at Risk of Manipulation In a lengthy report on the “Virtual Markets Integrity Initiative,”  New York’s Attorney General argues that online […]

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Texas Securities Board Shuts Down Two Crypto Scams

The state of Texas took decisive action today to shut down two cryptocurrency scams affecting residents of the great Lone Star State. Texas sent emergency to cease and desist letters to two very different projects. While only one in the viewpoint of this analysis definitively qualifies as a scam, both companies marketed themselves in a […]

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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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SBI’s Ripple-Backed ‘MoneyTap’ Set to Launch Soon

One of Japan’s largest financial institutions will soon launch a new consumer payments application backed by Ripple’s technology, signaling an important milestone in the quest to bring blockchain adoption mainstream. Introducing MoneyTap SBI Ripple Asia, a joint venture of SBI Holdings and the San Francisco-based Ripple, Inc. is preparing to launch the ‘MoneyTap’ mobile application […]

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