On May 8, the Chairmen of the two major financial regulators in the United States, the SEC (Securities and Exchange Commission) and the CFTC (Commodities Futures Trading Commission) testified before Congress.
Cryptocurrency Market Updates
-
-
Market Update 5.08.19 – Bitmain’s Hashrate Has Declined Significantly
Last updated: December 10, 2019, 8:59 am Cryptocurrency Market UpdatesThe cryptocurrency mining major Bitmain has seen a noticeable decline in its hashrate in the last 30 days. The company disclosed the data on May 7. According to the data, which analyzed all Bitmain-owned mining equipment, the company’s hashrate, which is calculated from the SHA256 hashing algorithm that is used in the BTC mining network, has fallen from 1692.35 quadrillion PH/s (hashes per second) to 237.29 PH/s in the last 30 days.
-
Market Update 5.07.19 – BTC Developer Proposes 2 Solutions for a Taproot Soft Fork
Last updated: December 10, 2019, 9:00 am Cryptocurrency Market UpdatesPieter Wuille, the BTC (Bitcoin) developer, sent a message to the mailing list of bitcoin developers called bitcoin-dev on May 6, proposing 2 different solutions for a Taproot soft fork.
-
Market Update 5.06.19 – MIT Professor Working on Facebook Coin
Last updated: December 10, 2019, 9:00 am Cryptocurrency Market UpdatesAccording to a news report, Professor Christian Catalini from MIT (Massachusetts Institute of Technology) is on leave and is purportedly working on developing a new token for Facebook.
-
Market Update – 5.05.19 – Fidelity Hires Former Barclay’s Executive
Last updated: December 10, 2019, 9:00 am Cryptocurrency Market UpdatesFidelity Investments, which is a financial services giant, has decided to hire a former executive of Barclays. It is none other than Chris Tyrer, the former head of digital assets at the investment bank. The new hire is expected to join the company at the end of the month. However, there are no further details suggesting what his exact role will be, except for the fact that his LinkedIn profile says “Digital Assets.”
-
Market Update 5.04.19 – MIT’s Christian Catalini To Work On FB Crypto
Last updated: December 10, 2019, 9:01 am Cryptocurrency Market UpdatesChristian Catalini is known to be a big name in the industry. As of press time, he is said to be on leave from MIT. Interestingly, according to people who are familiar with the narrative, he is said to be working at Facebook.
-
Market Update 5.03.19 – Facebook To Build Planned Stablecoin Ecosystem
Last updated: December 10, 2019, 9:01 am Cryptocurrency Market UpdatesFacebook is expected to have discussions with a handful of firms, two of which are Visa and Mastercard. The goal is to acquire funds that would support its very own fiat-backed cryptocurrency. The social media giant has been working on this project for quite some time now. Basically, it plans to bring forth a stablecoin-based payments platform.
-
Market Update 5.02.19 – Bitfinex Shareholders Release More Details
Last updated: December 10, 2019, 9:02 am Cryptocurrency Market UpdatesIt seems Bitfinex may just be successful in raising at least $1 billion through a token sale, which is expected to take place next week. A shareholder by the name of Zhao Dong said that the company is looking for the possibility of doing an initial exchange offering (IEO).
-
Market Update 5.01.19 – ErisX Launches Spot Market
Last updated: December 10, 2019, 9:02 am Cryptocurrency Market UpdatesThe crypto exchange based in Chicago called ErisX has officially revealed the public launch of its very own spot market. The announcement was made via press release. The spot exchange, in particular, is deemed to be the very first part of the company’s ongoing development of a single platform.
-
Market Update 4.3019 – Bitfinex To Issue An Exchange Token
Last updated: December 10, 2019, 9:03 am Cryptocurrency Market UpdatesBifinex, which is a crypto exchange based in Hong Kong, is looking at the possibility of issuing a proprietary exchange token. Dong Zhao, who is known for being an over-the-counter trader in China, reportedly announced it via weibo. The stakeholder at the company also confirmed that the exchange is interested in planning the said issuance.