Wells Fargo Launches USD-Backed Coin: "Not a Crypto" 13
A Not-So-Cryptocurrency Stablecoin Announced Tuesday morning, Wells Fargo, an American financial powerhouse, revealed that it will be launching a stablecoin backed by the U.S. dollar. While called “Wells Fargo Digital Cash”, making it sound like the name of any old crypto asset, the firm has asserted that it shouldn’t be...
Germany Doubles Down on Libra Skepticism, Looks to Curb the Crypto 14
Germany Skeptical of Libra & Crypto Many in the crypto community were shocked in June when Facebook unveiled the firms backing Libra — Visa, Mastercard, PayPal, Uber, Spotify, Coinbase, Xapo, and countless other pro-innovation companies and investors. With so many prominent partners, isn’t it guaranteed that the cryptocurrency will succeed?...
Hong Kong Firm Launches Bitcoin Fund to Attract Asian Institutions 15
Meet the Liberty Bitcoin Fund While you might not have heard much about it on Crypto Twitter, Bitcoin investors in Asia saw their lives get a lot better on Wednesday with the release of a new product. According to a press release, CMCC Global, one of Asia’s first venture capital companies...
Crypto Giant Coinbase Criticized as it Looks to Support Altcoins: Why So? 18
Coinbase to Add Altcoins, Sees Criticism from Crypto Community Coinbase has long been an integral part of the crypto industry. Launched in 2012, the exchange and infrastructure provider has become a way for hundreds of thousands, even millions, to interact with the ecosystems of Bitcoin and other digital assets. But,...
Crypto Execs Expect Further Altcoin Recovery: Bloomberg 19
Altcoins Could Recover Further After months of bleeding out, altcoins have recently started to mount a comeback. Led by Ethereum and XRP, a multitude of non-Bitcoin crypto assets have managed to gain at least 5% in the past week, as BTC has posted a 3% loss. This has resulted in...
PSA: Bakkt Bitcoin Futures Pre-Open is in One Hour — Get Ready 21
Bakkt’s Bitcoin Futures are Here It’s time, guys and gals: Bakkt is here. One hour after this article is published, the much-ballyhooed Bitcoin (BTC) futures exchange will have its first weekend pre-open… ever. As spotted by analyst Salsa Tekila, the physically-deliverable contracts from Bakkt will begin trading at 7:55 PM...
Kik to Shutter Flagship App, Focus On Bolstering Crypto Project KIN 22
Kik Drops Messaging to Focus on Crypto Earlier on Monday, Calcalist reported that Canadian technology giant Kik — the company behind the massive social media messaging app that has been used by millions — was going to shut down its flagship product. The Israeli media outlet also claimed that Kik had...
Pro-Blockchain IBM Enthused About Libra Despite Pressure 24
IBM Looks to Delve Into Crypto Even Further IBM has long been at the head of technological innovation, continually pushing for the best technology has to offer society for the better part of 100 years. It seems that the firm’s drive for the creation of technological breakthroughs has led it...
Crypto Not a Dying Trend: Fintech Upstart Adds BTC, ETH, LTC Support 27
Crypto Supported by Finance Firms Revealed by Fortune on Wednesday, in-house crypto trading will soon be offered to clients of SoFi, a San Francisco-based fintech startup “best known for refinancing student loans”. Per an exclusive from Fortune, SoFi’s Invest platform will offer the trading of Bitcoin, Ethereum, and Litecoin after months...