Coinbase will Add Nearly 300 Coins in the Next Year but Won’t IPO

The major US cryptocurrency exchange Coinbase has just announced that it won’t IPO any time soon but will be adding hundreds of more coins in the next year. Coinbase’s President and COO Asiff Hiriji told Bloomberg his company’s plans this morning via Bloomberg TV. Coinbase Denies IPO Yesterday, it was announced that Coinbase is now valued at over $8 billion USD after it closed its series E investment last week. This funding round was worth $300 million USD. With its value rising, some began to speculate whether the major cryptocurrency…

10 Years of Bitcoin | What Will the Next 10 Years of BTC Bring Us?

Today marks 10 years of Bitcoin; its original white paper was released onto the internet on Halloween day, 2008. What began as an idea to challenge the financial establishment, has since grown to become a $110 billion market. 10 Years of Bitcoin: The Whitepaper The purpose of Bitcoin was straightforward; the digital asset, as a “purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” By logging every transaction on a distributed ledger called the…

World Crypto Con | Lyn Ulbricht on Freeing Her Son, Ross

Welcome to the World Crypto Con Spotlight series. Today’s guest: Lyn Ulbricht. World Crypto Con World Crypto Con (WCC) is a platform for industry leaders to share their knowledge of the cryptocurrency and blockchain space, as well as introduce their projects to the world. WCC welcomes both experts and novices to attend; there’s something for everyone. Our World Crypto Con Spotlight series will be focusing on moments from the conference, speaking to headliners about their experience with WCC. Thanks to World Crypto Con, we at CryptoCurrencyNews.com had the pleasure of…

‘Big Four’ Firm EY Builds DLT Product on Public Ethereum Blockchain

Twitter Facebook The big four accounting firms are pouring more resources into blockchain technology now more than ever, and now Ernst & Young (EY) has just deepened its commitment. The global professional services firm has unveiled a Public Edition (PE) prototype of its EY Ops Chain, using the public Ethereum blockchain to deliver what the company describes as the “world’s first implementation of zero-knowledge proof (ZKP) technology.” The technology offers the best of both worlds, giving businesses the opportunity to securely issue and sell ICO-like tokens tied to payments or…

Tether’s Price Has Stabilized, But the Stablecoin’s Supply Is Still Shrinking

In what’s become a rarity over the past month, the price of the tether (USDT) stablecoin temporarily regained parity with the U.S. dollar Wednesday. The token traded in the $1.00-$1.01 range for the better part of an hour, according to CoinMarketCap. At the time of writing, it is trading around $0.987. The exchange rate has been steadily climbing towards its $1.00 target since the stablecoin – by far the most popular among a slew of rivals – dramatically lost parity with the dollar in mid-October, falling as low as $0.85…

Tether’s Market Cap Has Dropped by More than $1 Billion in October

Twitter Facebook Tether (USDT), the embattled cryptocurrency token whose value is purportedly backed by US dollars, continues to see massive outflows as it struggles to maintain USD parity amid rising competition from other stablecoins launched by some of the crypto industry’s biggest names. Blockchain data from Omni Explorer shows that yesterday, on Oct. 30, Tether Limited redeemed another 100 million units of USDT, reducing the outstanding supply to about 1.8 billion. Source: Omni Explorer Since the beginning of October, Tether has redeemed a staggering 990 million tokens, more than double…

Bitcoin Bull Tom Lee ‘Pleasantly Surprised’ by Drop in Crypto Volatility

Twitter Facebook Over the past several weeks, the bitcoin price has been uncharacteristically stable, even as equities have lost their footing and the global stock market has flirted with corrective territory. Tom Lee, the founder of Fundstrat Global Advisors and one of Wall Street’s most well-known bitcoin bulls, said that he was pleasantly surprised by the drop in crypto volatility, particularly when juxtaposed with the stock market’s recent swings. He told CNBC: “It’s surprising given how small bitcoin is in terms of market cap. The total crypto market cap is…

Coinbase’s Head of Trading Resigns After Six Months on Job

The head of trading at Coinbase, Hunter Merghart, has resigned from the U.S. crypto exchange and wallet provider after just six months on the job, CoinDesk has learned. Merghart made the decision to leave the company last week and is now exploring other opportunities, according to people familiar with the situation. Coinbase declined to comment on the move when reached. His departure follows that of the executive who hired him, Adam White, who left Coinbase earlier this month to become the chief operating officer of Bakkt, the new institutional crypto trading…

Bitcoin Price Could Hold $6,300 For Another Month Due to Low Volume

Twitter Facebook LinkedIn Over the last 24 hours, Bitcoin has slightly recovered from $6,230 to $6,260, unable to breakout of the $6,300 mark. Throughout the upcoming days, if Bitcoin fails to stabilize in the $6,300 to $6,400 range, the price of BTC is at risk of dropping to the lower region of $6,000 and possibly below the $6,000 mark. Major cryptocurrencies like Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH) have prevented extended losses below their low price range. But, ETH still remains below $200 and BCH is still at…

World Crypto Con | Joël Valenzuela Talks Dash Adoption at WCC

Welcome to the World Crypto Con Spotlight series. Today’s guest: Joël Valenzuela. World Crypto Con World Crypto Con (WCC) is a platform for industry leaders to share their knowledge of the cryptocurrency and blockchain space, as well as introduce their projects to the world. WCC welcomes both experts and novices to attend; there’s something for everyone. Our World Crypto Con Spotlight series will be focusing on moments from the conference, speaking to headliners about their experience with WCC. Thanks to World Crypto Con, we at CryptoCurrencyNews.com had the pleasure of interviewing Joël…