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French Giant SocGen Chose Ethereum for its Digital Token Experiment

9.5.2019
Major traditional financial companies are quietly experimenting with digital tokens. This time, it's French giant Societe Generale Group (SocGen.) In April, Societe Generale SFH, a subsidiary of SocGen, sold EUR 100 million, or USD 112 million, of covered bonds (debt backed by mortgages) in...

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

9.5.2019
Bitcoin has broken above the $6,000 mark for the first time in almost six months, showing marked resilience despite this week’s hack of major crypto exchange Binance

Novogratz Challenges Roubini, Will Bitcoin Be ‘Loved’ or ‘Denounced’

9.5.2019
Nouriel Roubini. Source: a video screenshot, Bloomberg There was an amusing challenge issued during a panel discussion at the SALT 2019 conference in Las Vegas yesterday, when Michael Novogratz, CEO of Galaxy Digital, a crypto-focused merchant bank, said to professor of economics at New York...

Bitcoin Rallies, Altcoins Trade Sideways

9.5.2019
After yesterday’s downside correction, bitcoin price found support near the USD 5,750 level. BTC restarted its upward move and broke the USD 5,850 and USD 5,920 resistances. The bulls took control, pushing the price above the USD 6,000 barrier. The price even broke USD 6,100 and traded to a...

Libra Project: Facebook Stablecoin Aims to Conquer Online Payments Market, Reports Suggest

9.5.2019
Facebook’s stablecoin remains secretive, but new details continue to surface. According to the latest reports, Facebook Coin aims to disrupt the online payments market, potentially rivaling WeChat, Visa, WesternUnion, etc

Facebook Makes Cryptocurrency Ad U-Turn Amid Token Launch Speculation

9.5.2019
Social media giant Facebook says it will change its stance on ads for cryptocurrency and blockchain technology-powered solutions, less than a year and a half after it effectively closed the door to crypto ads. Facebook’s unequivocal ban, imposed in January 2018, did not last long. In June 2018,...

Bitcoin Moves Above USD 6,000, For How Long? (UPDATED)

9.5.2019
After briefly spiking above the USD 6,000 level earlier in May, the most popular cryptocurrency, Bitcoin touched USD 6,100 on Thursday morning (UTC time). (Updated on 06:50 UTC: price information has been updated, a new comment (in bold) and other reactions have been added.) At pixel time,...

Florincoin – The 2013 Altcoin You Don’t Remember – Is Attracting Real Users

9.5.2019
An obscure cryptocurrency that first started getting noticed during the 2014 altcoin boom is showing itself a true diamond in the rough

Bitstamp Snatches Coinbase Insider as Operator Sale Looms

9.5.2019
Cryptocurrency exchange Bitstamp has appointed Hunter Merghart, Coinbase’s former chief of trading, as the new head of its American operations. Hunter Merghart. Source: Twitter, @HunterBM Merghart’s track record includes the development of Coinbase’s over-the-counter (OTC) trading operations,...