Cryptocurrency Market Booms – EOS, Cardano, Stellar and Neo Post Big Gains

The cryptocurrency markets finally appear to be in full recovery mode — at least as of Tuesday afternoon when all the major coins posted considerable leaps with most in the double digits. The total market cap shot up to $291 billion, which is the highest it has been in almost two months. Bitcoin shot upwards in a considerable trajectory, gaining the $7,400 mark in just under an hour. At around 6pm CET, the currency was over the $7,000 level, having traded in the $6,650-6,750 mark for most of the day.…

UK Blockchain Takes Off | Will the UK Become a Global Crypto Leader?

UK blockchain: With its latest moves in the crypto space, the UK is well-placed at becoming a global leader in blockchain technologies. According to the group analysis by DAG Global, Big Innovation Centre, and Deep Knowledge Analytics, Great Britain has all the required resources to become a global hub for blockchain technology by the year 2022. CEO of DAG Global, Sean Kiernan, told The Guardian: “The UK is a major global financial hub and in recent years has become a fintech leader as well. At the same time, it is…

New Stablecoin Stronghold | Has IBM Support For Blockchain Payments

Fintech startup Stronghold has created a new stablecoin token dubbed the ‘Stronghold USD’ and it has received support from IBM. The token is launched on the Stellar network. Stronghold is the first ever stablecoin to use the Stellar network and is reportedly backed by the US dollar at a 1:1 price ratio. IBM and Stellar IBM has been using the Stellar network since 2017 for cross-border payments and has now adopted the new stablecoin to enhance this process. According to IBM’s senior vice president of global industries, platforms, and blockchain, Bridget…

Robinhood Adds Dogecoin | Stock App Now Offers 5 Digital Assets!

Robinhood adds Dogecoin: It was all smiles yesterday when Robinhood, a stock trading app, revealed that it added Dogecoin to its platform. But behind the scenes, some are unsure of this event. Foes say Dogecoin is a parody cryptocurrency. Moreover, they say that because Robinhood supports less than ten digital currencies, many believed the company to be selective over the coins they carried. On the other hand, fans say despite its bizarre nature, Dogecoin has accumulated mainstream interest and has witnessed price peaks throughout the year. Robinhood Adds Dogecoin, But There’s…

Crypto Daily News | Block.one Funding, IBM Blockchain, & Boeing Planes

In today’s edition of Crypto Daily News, we will cover Block.one receiving funding from top execs at PayPal and Bitmain, IBM teaming up with Columbia to launch a Blockchain Research Center, and the airplane maker, Boeing, using blockchain technology. Crypto Daily News: June 17th, 2018 Block.one Gets Funding EOS developer Block.one has secured investments from the crypto-mining billionaire Jihan Wu of Bitmain, and the billionaire PayPal co-founder Peter Thiel. Block.one made the official announcement via a press release on its website yesterday. Block.one’s CEO, Brendan Blumer, made a statement about the…

IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds

The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed one-for-one with U.S. dollars held at a Nevada-charted trust company called Prime Trust, which in turn will deposit the cash at banks insured by the Federal Deposit Insurance Corp. New York City-based Signature Bank was…

Coinbase Says It Now Has Regulatory Approval to List Security Tokens

U.S. cryptocurrency exchange Coinbase has received regulatory approval to acquire several securities firms – a move that could eventually see it supporting trading in tokens deemed as securities. A spokesperson for the exchange said in an email response to CoinDesk on Tuesday that the Financial Industry Regulatory Authority (FINRA) has approved recently revealed acquisition deals for currently regulated firms. Last month, the exchange announced that it intends to purchase three companies – Keystone Capital Corp., Venovate Marketplace and Digital Wealth LLC – as a means to becoming a regulated platform for offering trading…

Bitcoin Price Retakes 50-Day Moving Average in First Since May

Bitcoin (BTC) scaled the crucial 50-day moving average (MA) on Monday for the first time in nearly two months, taking its price above $6,700. The corrective rally picked up the pace 24 hours ago, possibly due to reports stating that BlackRock, INC – the world’s largest asset manager and exchange-traded fund (ETF) provider – is considering venturing into cryptocurrency markets. Later in the day, BlackRock CEO Larry Fink clarified rumors by stating that he doesn’t see a huge demand for cryptocurrencies from clients, Still, BTC remained bid and closed (as per…

World’s First Bank-Backed Crypto Exchange Finally Opens to the Public

The world’s first bank-backed cryptocurrency exchange is now open to the public after months of delays. Japanese financial giant SBI Holdings formally launched its in-house crypto trading platform, dubbed VCTRADE, last month. Yet, as reported by CoinDesk at the time, the trading service was only available for a group of selected users who pre-registered with the platform last October. In an announcement released on Tuesday, SBI Holdings said the service is now fully open for users aged from 20–70 who reside in Japan. However, a registration service for corporate customers has not yet…