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09/25/2020 03:48 PM

Stablecoins Seen as Most Important Development in Crypto

Supported by rapid growth in the decentralized finance (DeFi) field this year, stablecoins are now seen by industry players as being the most significant area of development for the crypto industry, a new report on cryptoassets from the Cambridge Centre for Alternative Finance has found. According to the report, titled the 3rd Global Cryptoasset Benchmarking Study,
09/25/2020 02:16 PM

Ants Accelerate – Alibaba’s Blockchain Arm Goes into Overdrive

Ant Group, the blockchain and e-pay subsidiary of Chinese tech giant Alibaba, is accelerating its business operations with the launch of a new cross-border trade blockchain platform, stepping up its bid to go public – and has sealed a key deal with the busiest container port on the planet. Ant, which also operates the Alipay e-payment platform, has dubbed the
09/25/2020 01:52 PM

Americans’ Inflation Worries Up, 29% Still Under Golden USD Illusion - Survey

Surveyed Americans are increasingly worried about inflation as the Federal Reserve’s money printers go into full brrr mode, per a new survey – although 29% are still laboring under the illusion that the greenback is still backed by gold. These were the findings of a report conducted by hashpower provider Genesis Mining. The firm quizzed 400 Americans on their views on
09/25/2020 11:16 AM

Russian Policy Chief: Crypto Impossible To Regulate, Let's Block It

The man charged with overseeing Russia’s long-awaited crypto regulations said that new legal amendments will be ready “in about a month” – but hinted that Moscow may now seek to “block” cryptocurrency-related activity rather than police it. Speaking to media outlet RBC, Anatoly Aksakov, the head of the State Duma Committee on Financial Markets, stated that a
09/25/2020 11:01 AM

Chainlink Rallies as New Partnerships Announced, DeFi Market Soars

After a month of heavy selling, Chainlink’s LINK token found some relief today, supported by increased bullish sentiment in the DeFi space and the announcement of several new partnerships. At the time of writing, (08:42 UTC), LINK was up by 15% over the past 24 hours, trading at USD 9.68. However, the price still was down nearly 11% for the week, and 32% for the
09/25/2020 10:10 AM

Bitcoin and Altcoins Recovery Reaches Inflection Zone

Bitcoin price remained stable above USD 10,200 and started a steady recovery wave. BTC broke a major resistance near USD 10,550 to start the current wave. However, the price struggled near the inflection zone at USD 10,800 and it is currently (08:30 UTC) consolidating above USD 10,600. Similarly, most major altcoins recovered, including ethereum, XRP, litecoin, bitcoin cash, EOS, XLM, LINK, BNB,
09/25/2020 09:04 AM

Chinese State Media Outlets Surprise With Pro-Crypto Reports

Source: Twitter/@DoveyWan Chinese crypto advocates have reacted with surprise after a number of state news outlets in the country reported on a positive-spin story that explains how cryptoassets have become the most successful asset class in the year to date. But the story itself is not exactly a pro-crypto piece of reporting from Beijing. In fact, it merely consists of a commentary-free report
09/25/2020 04:00 AM

NFT Issues Freeze South Korean Gaming Regulator into Inaction

The debate about blockchain gaming, non-fungible tokens (NFTs) and regulation continues to rumble on in South Korea – with the nation’s gaming commission speaking out about its reasoning for long delays in issuing ratings to blockchain game developers. As previously reported, video game developer SkyPeople has been forced to wait over a month for the regulatory Game Rating
09/24/2020 11:00 PM

Japanese Exchange Operator FISCO Doubles Down on Crypto with New Plans

Japanese financial news service provider and crypto operator FISCO is set to expand its crypto operations, find new uses for its token, begin staking services and start providing software for online shareholder meetings using blockchain-powered voting technology. Per Coin Post, FISCO, which operates the Zaif crypto exchange, wants to issue a set of new apps, with
09/24/2020 05:44 PM

Bitcoin OTC Crackdown, Wrapped ETH on Tron, XRP Ledger Foundation + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news China is clamping down on over-the-counter (OTC) crypto trading over money-laundering suspicions, per ChainDD. The media outlet said that the central People’s Bank of China (PBoC) is creating a
09/24/2020 05:44 PM

The World’s Largest Virtual Blockchain Conference is Now Free

Disclaimer: The text below is a press release that was not written by Cryptonews.com. LA Blockchain Summit kicks off October 6-7th online alongside the blockchain industry’s most innovative thought leaders, movers, and shakers to determine the next decade for cryptocurrencies and blockchain technology. Los Angeles, CA — September 23, 2020 — The largest gathering of blockchain enthusiasts
09/24/2020 05:17 PM

Over 100 Million People Hold Bitcoin, Altcoins Globally - Report

Crypto usership is going up at an exponential rate, per researchers at the Cambridge Centre for Alternative Finance, with over 100 million people worldwide now making use of cryptoassets – a massive increase from the 35 million figure the same researches identified just two years. According to a new study, the number of identity-verified cryptoasset users has shot up
09/24/2020 04:06 PM

DeFi Sell-Off Just ‘a Pullback,’ Boom Not Over Yet - Analysts

Despite a recent slump in the prices of many popular DeFi-related tokens, the ‘DeFi summer’ of 2020 is not over yet, analysts claim. According to data from Coinpaprika, the absolute majority of the tokens that are listed in the site’s ‘DeFi’ category are now in the red over the past 7 days. Source: coinpaprika.com, 14:35 UTC Discussing the recent
09/24/2020 02:06 PM

EU Goes for Crypto Regulations Slam Dunk

Valdis Dombrovskis (on the left), Executive Vice-President for an Economy that works for People at the European Commission. Source: a screenshot, Instagram/vdombrovskis The EU has set out plans to regulate cryptoassets, including provisions for stablecoins – with crypto exchanges active in the region required to have a physical presence in EU territories and abide by capital requirements. The
09/24/2020 01:34 PM

Bitcoin Realized Cap Soars, Analysts Divided on Near-Term Outlook

With bitcoin (BTC) still trading lower both on a weekly and daily basis, a new high in a key price metric shows that investors in recent years have continued to accumulate coins at ever-higher prices. However, opinions still seem to be divided on what the near-term outlook for the bitcoin price is. According to crypto research firm Glassnode, the popular metric
09/24/2020 01:05 PM

BlockDown Announces Third Edition Coming this Halloween

Disclaimer: The text below is a press release that was not written by Cryptonews.com. BlockDown returns October 22-23 for a Halloween event that promises to be the best virtual conference yet. No tricks, just treats. Akon, Chairman and Co-founder of revolutionary crypto project Akoin, will headline the event, alongside Chainlink co-founder and CEO Sergey Nazarov, with many more big names and

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