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Author: Crypto Coins News

‘A New Phenomenon’: Eurasian Economic Union Discusses Cryptocurrencies and Blockchain

The five-member nations of the Eurasian Economic Union (known officially as EAEU) are trying to figure out how they should leverage cryptocurrencies and blockchain, the technology behind bitcoin, to improve their economies. Eurasian bankers and scientists discussed these topics in Moscow last week at a conference jointly hosted by the Eurasian Economic Commission, the Interstate … Continued

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Goldman Sachs Will Launch a Bitcoin Trading Desk

Goldman Sachs will launch a bitcoin trading desk, the investment banking giant confirmed on Wednesday. The New York Times reports that the firm, one of the largest financial institutions in the United States, is preparing to begin using its own funds to sponsor a variety of investment contracts tied to the bitcoin price and hopes

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This Ethereum Developer Wants to Let You Pay Gas Fees with Tokens

Bhaskar Sharma, writing in Medium, has proposed a case for a more user-friendly token in ethereum that will support the adoption of decentralized applications (DApps) by allowing users to pay transactions fees using tokens rather than ether. Fees in the ethereum blockchain — which are needed to pay miners for placing transactions into blocks and

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Cryptocurrency CFD Trading Sparks Plus500’s 280% Revenue Spike

Plus500, an online exchange specializing in contracts for difference (CFDs), had blockbuster top- and bottom-line performance in its first quarter amid heightened demand for cryptocurrency trading, though it warned that market conditions have since returned to more “normal levels.” The London-listed Plus500, whose headquarters are located in Israel, benefitted from the volatility in cryptocurrency prices, as … Continued

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Telegram Cancels Public ICO After Raising $1.7 Billion in Presale

Encrypted messaging app Telegram has decided against holding a public initial coin offering (ICO) to fund the development of its “third-generation blockchain.” Citing sources familiar with the matter, the Wall Street Journal reports that the Pavel Durov-led firm determined that it is pleased with the $1.7 billion it had raised for the Telegram Open Network … Continued

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‘Hacked’ Crypto Exchange BitGrail Shuts Down 3 Hours After Re-launch

Italian cryptocurrency exchange BitGrail has once again suspended operations after briefly re-opening most of its trading markets on Tuesday. The exchange, which has been immersed in controversy since 17 million Nano tokens (XRB) — now worth approximately $140 million — went missing in February, re-opened trading for all coins except XRB at 10:00 UTC. By … Continued

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Ethereum Price Will Reach $15,000 This Year: Reddit Co-founder

Reddit co-founder Alexis Ohanian said that he predicts the ethereum price will reach $15,000 in 2018, rocketing its market cap into the trillions of dollars and enabling it to surpass bitcoin as the world’s largest cryptocurrency. Ohanian, who now works full-time at Initialized Capital –a venture capital firm he co-founded in 2012 — made this

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‘Extremely Comfortable’ That Ether is Not a Security: Ethereum Co-Founder

US financial regulators are reportedly set to meet next week to discuss whether ether should be regulated as a security under federal law, but Ethereum co-founder Joseph Lubin is not concerned. Lubin, who now runs blockchain development studio ConsenSys, told financial publication TheStreet that he is “extremely comfortable” with the legal due diligence Ethereum’s founders

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‘Buy the Pullback’ in Bitcoin, Ethereum: Fundstrat’s Sluymer

Leading cryptocurrencies are all trading in the green today, as Ethereum takes the recent development of a possible regulatory crackdown in stride. After falling from the $1,000 level to as low as $300 this year, Ethereum has been on the comeback trail. That momentum could have been marginalized by reports that US regulators are considering classifying the No. 2 digital currency by

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Here’s How Ripple Faced Up to Questioning at a UK Parliament Blockchain Hearing

A UK government hearing was held yesterday aimed to inform regulators about the nature of blockchain and cryptocurrencies. Four panelists sat in front of the UK treasury committee, but it was Ripple’s Director of Regulatory Relations Ryan Zagone who took the most of the spotlight – and the accompanying heat. The committee and other panelists

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Bitcoin Price Due For 90% Price Correction In Mass Crypto Wipeout, Warns Investment Bank

The price of bitcoin and other cryptocurrencies will suffer a 90 percent correction that will cause a “mass market wipeout” within the next 12 months, says investment bank GP Bullhound. While the market correction will decimate many virtual currencies, the few survivors are in for an unprecedented rally, GP Bullhound predicts, as reported by CNBC. “Once

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‘We Need to Respect This Generation’s Interest’ in Bitcoin: CFTC Chairman

The chairman of the Commodity Futures Trading Commission (CFTC) said this week that cryptocurrency is a generational interest and that regulators need to treat it with respect. J. Christopher Giancarlo, who was sworn in as a CFTC commissioner in 2014 and has led the commission since August 2017, shared his thoughts on cryptocurrency regulation at

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