eToro Launches Crypto Portfolio Weighted by Twitter Mentions

That notorious abyss of Crypto Twitter – where the XRP Army patrols, altcoins flourish and falter, and @Vitalik99832182 promising you infinity ETH – got a new plaything today: an eToro crypto portfolio calibrated to the tenor of its tweets. The new financial instrument is called TheTIE-LongOnly CopyPortfolio, and, as of Tuesday morning, it was live on eToro’s trading platform with a minimum $2,000 buy-in. It’s a partnership between eToro exchange and The TIE data analysis firm, who sources their tweets – about 850,000,000 daily – from Social Markets Analytics. With an…

Facebook Officially Launches Libra Despite High-Profile Departures

Libra, the highly-scrutinized planned cryptocurrency led by Facebook (NASDAQ:FB), officially launched in Geneva yesterday despite several high-profile defections from the project last week. Libra Launches With 21 Chartered Members The Libra Association, the non-profit governing body of the digital currency, officially signed on 21 charter members at a meeting at its Swiss headquarters. The association was originally made up of 27 members; however, the high level of regulatory scrutiny leveled at the project led to several prominent defections in recent weeks. These include Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Mastercard (NYSE:MA),…

NASDAQ Launches AI-Powered CIX100 Crypto Index

Even a couple of years ago, the crypto index was seen as something that was firmly outside the formal financial system. However, things have changed dramatically over the course of the past two years. In a new development, it has now emerged that NASDAQ, one of the world’s biggest stock exchanges, has listed a crypto index, called CIX100. CIX100 is going to be fully powered by artificial intelligence and is going to list the top 100 cryptocurrencies in the world by market cap. Key Development CIX100 is going to track the…

Wales to Develop Local Cryptocurrency to Underpin Mutual Credit System

Wales plans to test and subsequently launch its own cryptocurrency to boost the local Small and Medium Enterprises (SME) economy.  Local news outlet Business Cloud reported on Oct. 15 that the Welsh Government awarded £100,000 from the £4 million Foundational Economy Challenge Fund to develop the system. The funding will cover both a consultation and a pilot program in North Wales. Not a new idea The idea behind the project is based on the Sardex: a mutual credit system implemented on the Italian island and region of Sardinia.  Eifion Williams,…

Coinshares, Blockchain Launch DGLD Gold Token as a Bitcoin Sidechain

A consortium of companies launched a gold-backed token with the DGLD ticker on a Bitcoin (BTC) sidechain. Swiss financial news outlet AllNews reported on Oct. 15 that digital asset managers CoinShares and MKS, as well as wallet service provider Blockchain, announced the launch of the token. Its development took two years and the supply of the token is already worth over $20 million. Meanwhile, the physical gold is held in vaults managed by bullion brand PAMP in Ticino, Switzerland. It is tokenized using the Ocean Bitcoin sidechain developed by blockchain…

CoinShares, Blockchain Launch Gold Token Network on a Bitcoin Sidechain

Digital asset manager CoinShares is putting gold on the bitcoin blockchain. Working with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA, the U.K.-based firm announced Tuesday a gold-backed network for trading tokens representing digitized physical gold, a project two years in the making. According to CoinShares, the network launches today with more than $20 million in gold held in a Swiss vault to back up its tokens. Each DGLD token is backed by 1/10th troy ounce. CoinShares chairman Danny Masters said the product’s network security is based on the…

Bitcoin (BTC) Price Hesitates But Fresh Rebound Seems Likely

Bitcoin price is currently trading in a range below the $8,400 resistance area against the US Dollar. The price remains well supported on the downside near $8,200 and $8,150. There is a new breakout pattern forming with resistance near $8,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to rebound above $8,400 and $8,460 as long as there is no daily close below $8,200. Bitcoin price is trading in a range above the $8,200 support against the US Dollar. BTC needs to…

Crypto Market And Bitcoin Could Rise Steadily: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is showing positive signs above the $210.0B support area. Bitcoin price needs to surpass the $8,400 resistance area to continue higher in the near term. Litecoin (LTC) price is still struggling to climb above the key $60.00 resistance area. Bitcoin cash price is slowly rising towards the $235 resistance area. EOS price seems to be consolidating gains above the $3.050 and $3.000 support levels. Stellar (XLM) price is up more than 5% and it recently broke the $0.0650 resistance area. Bitcoin (BTC) and the crypto…

Ripple (XRP) Price Gaining Momentum While BTC Is Consolidating

Ripple price is climbing higher and it recently surpassed the $0.2950 resistance against the US dollar. The price is moving towards $0.3000 and it could rally sharply above $0.3020. There is a rising channel forming with support near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could dip a few points, but it remains well supported near $0.2940 and $0.2860. Ripple price is rising steadily against the US Dollar, bitcoin and Ethereum. XRP price is likely to surpass $0.3000 and gain strength above…