News

Cryptocurrency Market Update: Tron Pumps Again on ‘Industry Giant’ Partnership Teaser

Saturday, October 13, 2018

FOMO Moments Markets are still low this weekend; Tron gripped by fomo, XRP also recovering. Crypto markets are still very depressed as we enter the weekend. There has been no recovery from the mid-week dump which resulted in the loss of $20 billion from digital currencies. Total market capitalization is hovering just above $200 billion at the time of writing and remains close to its lowest level for a year….

Coinbase Ditches Its Index Fund in Favor of a New Retail Feature

Saturday, October 13, 2018

Coinbase – one of the largest digital currency exchanges in the U.S. – is nixing its index fund designed for accredited investors and shifting its focus to a new retail product, The Block reports Coinbase is shutting down its fund aimed at big investors as it pivots to a new retail product . Coinbase first announced its fund back in March of 2018. The project was designed to give institutional investors…

Bithumb Sells $350 Million Stake in Its Cryptocurrency Exchange

Friday, October 12, 2018

Bithumb, one of the largest cryptocurrency exchanges in South Korea by its daily trade volume, has sold more than 38 percent of its ownership to a blockchain consortium in Singapore, Coindesk Korea reported this morning. The stake was sold for 400 billion won, or $350 million USD. Stake Sold Bithumb signed the deal on October 11th with BK Global Consortium. BK Global Consortium is a blockchain investment firm that was formed…

UAE Startup Menachain Is Developing a Cryptocurrency for the Middle East, North Africa Region

Friday, October 12, 2018

A young startup named Menachain Solutions DWC-LLC is building a cryptocurrency and blockchain-based payment platform targeted at the Middle East and North Africa (MENA) region and its large population of unbanked. Based in Dubai, the United Arab Emirates (UAE), Menachain says it is focusing on developing “the most commonly used cryptocurrency in MENA” with the purpose […] The post UAE Startup Menachain Is Developing a Cryptocurrency for the Middle East, North…

Nouriel Roubini Tries to Attack Bitcoin by Saying Fees Cost $55, Fails

Friday, October 12, 2018

Global economist Nouriel Roubini expressed his rage against Bitcoin and blockchain while displaying his profound lack of understanding in the field. A Political Rap against Crypto Roubini was present at an informational hearing round “Exploring the Cryptocurrency and Blockchain Ecosystem” organized by the US Senate Committee on Banking, Housing, and Urban Affairs, alongside Peter Van Valkenburgh, the Director of Research at Coin Center, a nonprofit crypto advocacy organization. The purpose…

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