With only a few coins in the red, the things have been looking up for the top 20 coins by market capitalization in the past week. Still, the best-performing is without a doubt Chainlink (LINK), that jumped over twice as much as the second-placed Tron. Though the events at the end of September were sudden,…
Read more
Germany’s finance minister Olaf Scholz said in an interview that he intends to keep money issuance under the state’s control. Germany’s finance minister Olaf Scholz sees uses for an electronic version of the euro but believes Facebook should stay away from money issuance. Scholz: Germany wants E-euros, not Libra Speaking to local financial news outlet…
Read more
Stablecoins backed by fiat money — what is their goal and which ones do investors prefer and for what uses? Stablecoins attempt to be fiat currencies among cryptos. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins, stablecoins are tied to some kind…
Read more
Hdac, the blockchain and cryptocurrency arm of business conglomerate Hyundai, says it will invest USD 10 million in the industry – using the money to pay for a mainnet, dapps (decentralized apps) services, fund startups and create a “cryptocurrency compensation system”-powered token ecosystem. Hdac says it wants to launch its mainnet during the first quarter…
Read more
American entrepreneur and vocal crypto advocate John McAfee launches a new decentralized exchange on the Ethereum blockchain. American entrepreneur and vocal crypto advocate John McAfee has launched a decentralized exchange (DEX) running on the Ethereum (ETH) blockchain. McAfee DEX is set to run in a beta release status as of Oct. 7, according to the…
Read more
Cryptocurrency exchanges Bitfinex and EOSFinex announce that they successfully “chainswapped” 5 million USDT onto the EOS protocol. Cryptocurrency exchange Bitfinex in conjunction with EOSFinex, its decentralized trading platform, have announced that they had successfully completed a “chainswap” to convert $5 million worth of Tether (USDT) stablecoins onto the EOS blockchain protocol. According to a press…
Read more
The UAE Ministry of Community Development announced a new competition for building blockchain apps for the social sector. The United Arab Emirates’ Ministry of Community Development (MOCD) will host a competition for developing blockchain software in the social sector. Driving blockchain for awareness and social care The MOCD announced its “Social Blockathon” competition with a…
Read more
Major cryptocurrencies are incurring losses on the day as Bitcoin slips lower below $8,000 to trade near $7,800. Sunday, Oct. 6 — Cryptocurrency markets are slipping downward today, with Bitcoin (BTC) trading under $8,000 and altcoins seeing notable losses on the day. Market visualization courtesy of Coin360 After slipping below the $8,000 price point, Bitcoin…
Read more
Several Brazilian cryptocurrency firms are under investigation in Cointelegraph’s weekly digest of news from the country. Brazil saw another week of reports on alleged cryptocurrency scams as the Sao Paulo Court ordered to block the assets managed by Unick Forex, while another firm was reported of promising 400% returns through a cryptocurrency investment scheme. Here…
Read more
Hong Kong’s securities regulator, the Securities and Futures Commission, has released guidelines for virtual asset portfolio managers. Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), has officially released regulations for crypto fund managers. The SFC published the regulatory circular on its website on Oct. 4. In the 37-page document titled “Proforma Terms and…
Read more
