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The Gemini Dollar and Paxos Standard stablecoin will be pegged to the U.S. Dollar in 1:1 ration. The tokens are built on Ethereum network using the ERC 20 standards.
U.S. multinational bank Citigroup is going to enable investors to work on cryptocurrency markets without actually having to own cryptos.
The SEC cited the reason of its interim suspension stating that the funds create a “confusion amongst market participants.”
Coinbase is considering an opportunity to join forces with the biggest asset manager in the world, BlackRock, with a view to develop a Bitcoin exchange-traded fund (ETF).
Goldman Sachs will continue working on cryptocurrency trading desk as well Bitcoin derivate products and clearing physical futures contracts.
Mobile investment app Robinhood is now looking for a chief financial officer as a part of preparation for an initial public offering (IPO), which could help the startup pitch itself as the cheaper youthful alternative to E*Trade and traditional stock brokers.
Ethereum sank as much as 15 percent and Bitcoin fell almost 7 percent to a three-week low in a few hours. However, the decision made by Goldman Sachs is likely to be only temporary and may be revised in the near future.
IBM’s cross-border payments solution will facilitate instant clearing and settlement of all transactions using Stellar’s blockchain network.
Buterin talked about the Ethereum developer community is working on proposals to make gas payments in ETH at the protocol level, which could prevent the ETH price collapse.
According to Antonopoulos, ETFs, if thought of as instruments, allow investors to just speculate around the price of cryptocurrency but not actually hold them.
Report suggests that there is no circulation of Petro inside or outside of Venezuela and all the hype relating to it is just a big bubble that can burst anytime.
Japan’s Line Corp will launch its first digital token and list it on Bitbox exchange in September. With this launch, LINE is hoping to become “one of the largest and most-established companies to develop and issue a cryptocurrency.”
Developers of the Ethereum platform are trying to achieve a balance in a tug-of-war between the miner and developer community with regards to the upcoming changes.
After renewing its contract with the Nonghyup Bank, Bithumb has resumed the facility of new user registrations starting today i.e. August 30.
Apart from the Bitcoin price surge, the hashrate of the Bitcoin network has reached record-high marking an increased mining activity on the Bitcoin blockchain that could drive the BTC price northwards.