BitCoin Update


Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U.S. dollar.  New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
Coinbase plots to become the New York Stock Exchange of crypto securities

Coinbase plots to become the New York Stock Exchange of crypto securities

The future of Coinbase  looks something like the New York Stock Exchange. That’s according a vision laid out by CEO Brian Amstrong who was interviewed on stage at TechCrunch Disrupt in San Franciscotoday.
Bitmain’s AntPool Activates Controversial AsicBoost for Faster Bitcoin Mining

Bitmain’s AntPool Activates Controversial AsicBoost for Faster Bitcoin Mining

Bitmain’s mining pool, AntPool, has supposedly activated one of their controversial methods of mining Bitcoin more efficiently, called AsicBoost. The controversial Bitcoin mining “hack” supposedly increases mining efficiency by up to 20% and is controversial because many developers claim that its use damages the Bitcoin network.
Bitcoin sheds almost $1,000 in 24 hours

Bitcoin sheds almost $1,000 in 24 hours

The sharp sell-off that gripped cryptocurrency markets on Wednesday has extended into a second day, with major digital assets across the spectrum continuing to fall during trading on Thursday.
Cointopia raises $3 million for marketplace for blockchain companies and services

Cointopia raises $3 million for marketplace for blockchain companies and services

Cointopia announced it has raised $3 million and is opening its marketplace connecting blockchain companies with top-tier service providers. That means that if you’re starting a blockchain startup or are a big company looking for blockchain services, the Cointopia Marketplace is there for you.
CBOE to Launch Ethereum Futures Trading Later This Year

CBOE to Launch Ethereum Futures Trading Later This Year

CBOE Global Markets, the owner of the Chicago Board Options Exchange (CBOE) and one of the world's largest exchange holding companies, is looking to launch futures for Ethereum (ETH), Business Insider reported August 30.
Prominent Analyst: Bitcoin is Significantly Healthier in 2018 Than 2014, Optimistic

Prominent Analyst: Bitcoin is Significantly Healthier in 2018 Than 2014, Optimistic

Willy Woo, a cryptocurrency researcher and respected investor, has said that the 2018 Bitcoin correction will not turn out to be like the 2014 slump, when the price of Bitcoin dropped 90 percent and remained in a low price range for several years.
SEC to review decision rejecting bitcoin ETFs

SEC to review decision rejecting bitcoin ETFs

NEW YORK/WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Thursday it will review a decision by its staff to block nine bitcoin-based exchange-traded funds from coming to market.
Ethereum Classic Jumps 15% Ahead of Today's Coinbase Launch

Ethereum Classic Jumps 15% Ahead of Today's Coinbase Launch

Ethereum classic (ETC) is reporting double-digit gains on the heels of an anticipated listing on the Coinbase exchange as of 17:00 PST (00:00 UTC) on Thursday.
Ripple’s CTO invented a distributed computer system 20 years before blockchain – ask him about it

Ripple’s CTO invented a distributed computer system 20 years before blockchain – ask him about it

The mysterious Satoshi Nakamoto is often credited with inventing blockchain – the tech behind the recent cryptocurrency and decentralization boom. But long before Nakamoto published his seminal paper that shaped Bitcoin as we know it, Ripple chief technology officer David Schwartz had already come up a similar concept.


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