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The Road to USD 25K is 'Easy': Double Bitcoin Users, says Tom Lee
15.11.2019
To hit USD 25,000 per bitcoin (BTC), we need to find a way to double the current number of active BTC users, according to co-founder and the Head of Research at Fundstrat Global Advisors, Tom Lee.
In an interview with CNBC today, Lee argued that BTC will hit USD 25,000 by 2022, which is the number...
BRICS Nations Ponder Digital Currency to Ease Trade, Reduce USD Reliance
15.11.2019
The BRICS association of major emerging economies has discussed developing a digital currency to facilitate trade between member nations
BitOrb Exchange Raises $6.4 Million
14.11.2019
The BitOrb Exchange has successfully secured its funding round, raising a total of USD 6.4m. The round was led by the W-Rex Algo Trading Platform a product of the Wota Group.Additionally, the Wota Group will act as a strategic partner and help the BitOrb Exchange grow its network of traders, user...
Chinese Crypto Heavyweights Canaan, OneConnect Aim for USD 100m IPOs
14.11.2019
Two Chinese blockchain, crypto heavyweights are targeting the American market – with both filing applications to launch USD 100 million initial public offerings (IPOs) with regulators.
Per a filing lodged with the United States Securities and Exchanges Commission (SEC), crypto mining equipment...
This Transparent Trader Among the Best on BitMEX, Handles USD 1B Daily
13.11.2019
Source: iStock/da-kuk
Alameda Research, a quantitative trading firm and parent company of cryptocurrency derivatives exchange FTX, finds that anonymity can be sacrificed for a marketing opportunity.
The firm decided to have its trading performance posted on BitMEX exchange's leader board under...
8 South Korean Crypto Exchange Execs Jailed in USD 386m Fraud Wrap
12.11.2019
Source: iStock/st_lux
A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term.
The Seoul court ruled...
CEO of Galaxy Digital Opines China’s Fondness for Digital Currency to Be a Reason for USD Losing Its Reserve Status
11.11.2019
Founder and CEO of Galaxy Digital, Michael Novogratz, is of the feeling that if the US does not adapt to digital finance, then it may be left behind. He also said that countries like China are miles ahead with regards to acceptance of fintech and support for it and this could lead to change...
Canadian Blockchain Firm Launches USD-Pegged Stablecoin CUSD
11.11.2019
BVCI launches USD-pegged stablecoin CUSD after debuting CADT in July
Taiwanese Buy USD 15m Condo In New York with Bitcoin
11.11.2019
389 East 89th Street. A New York City-based real estate owner and developer sold a retail condo in Manhattan’s Upper East Side for bitcoin (BTC).
Ben Shaoul, the president of Magnum Real Estate Group, a residential real estate development and management company, has sold a retail condo for USD 15.3...
Bitcoin Price Drops Below USD 9,000 Again; Altcoins Follow
8.11.2019
Source: iStock/hocus-focus
Though Bitcoin (BTC) started this Friday with a smaller drop in its price, in a sudden move in the afternoon hours (UTC time), bitcoin price dropped by 2.4% in less than two hours - which was enough to push it below USD 9,000. Additionally, altcoins turned red.
While...
Ignore Decentralization & Tokenization and You May Miss USD 3Tn Market
7.11.2019
Businesses that ignore decentralization and tokenization risk to miss a USD 3 trillion market, finds the major research and advisory company Gartner.
The blockchain-related industry to generate USD 3.1 trillion in new business value worldwide by 2030, but half of it will be generated already...
Stellar Burns Over 55 Billion Tokens Worth $4.7 Billion USD
5.11.2019
The Stellar Development Foundation announced the burn of 55 billion XLM, stating that remaining tokens will be used for network development
Maker’s Stability Fee Drops to 5.5% After Multi-Collateral Dai Announcement
3.11.2019
According to the CEO of the Maker Foundation, Rune Christensen, Multi-Collateral Dai (MCD) will launch on November 18. On October 28, Maker’s stability fee was reduced by a ‘whale’ with roughly 94% of the voting power. Also Read: French Ministry of Education Publishes Bitcoin...
USD Backed by Gold, Believe 29% of Respondents + 11 More Crypto News
31.10.2019
Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world.
Fiat news
29% of surveyed Americans believe that the U.S. dollar is still backed by gold, a recent survey of 1,000 respondents...
Argentina’s Example Shows That You Don’t Own Your Money
30.10.2019
Cash shortages, bank closures and ATMs running out of funds seems to be the new norm for many countries, and recently increased capital controls in Argentina are further testament to this unsettling trend. Sunday’s election of president Alberto Fernández has resulted in Argentine account...
CHAI Processes USD 54m via Terra's Blockchain + 12 More Crypto News
24.10.2019
Source: iStock/apichon_tee
Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world.
Adoption news
South Korea’s mobile payments platform powered by Terra’s blockchain technology...
Lightning Network User Confused By Protocol: Lost 30,000 USD
24.10.2019
The Lightning Network has long been touted by its proponents as a speedy, low-cost solution to Bitcoin’s scaling issues. A series of security scares and UX issues have called that vision into question however. The latest LN slip-up saw a user lose 4 BTC in one fell swoop. Also read: Hidden...
3 Major Signs That Precede the Fall of World Reserve Currencies
24.10.2019
The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon...
Gold Investors Eyeing Bitcoin on its Way to USD 100,000 - Plan₿
22.10.2019
Some gold investors are not only looking at the digital gold, Bitcoin (BTC), but also considering investing in it, while its price is expected to hit USD 100,000 by the end of 2021, according to anonymous investor and Twitter user Plan₿, known for his insights into the stock-to-flow ratio, cited...
Ripple Has USD 305 Million in Cash and Makes '30 Deals a Week' - CEO
18.10.2019
The CEO of Ripple, a California-based blockchain startup focusing on payment technologies, Brad Garlinghouse, had three interesting statements to share in a recent interview: the amount of cash Ripple has in the bank, the number of deals it makes a week, and the CEO’s opinion on Facebook’s Libra....