Cryptocurrency News

According to sources from within the company that wish to remain anonymous, the parent company of the New York Stock Exchange, Intercontinental Exchange (also known as ICE) has been working on creating an online cryptocurrency exchange that would let big investors purchase as well as hold Bitcoin.

The price of the EOS token has been steadily rising in the last few months despite the fact that gains have actually be hard to come by in this time. This is caused renewed interest by investors in this cryptocurrency. Especially since Multicoin Capital, a crypto fund, announced that EOS is the next gen platform for smart contracts.

According to the latest news reports, South Korea has a new governor of the country’s financial regulatory body, the Financial Supervisory Services (FSS). The new head of the watchdog agency, Yoon Suk-heun, will join office on May 8 – today.

A Wall Street analyst by the name of Nick Colas wants investors to avoid Bitcoin as much as possible. Colas, the co-founder of DataTrek Reseach, pointed out lacklustre fundamentals surrounding what he describes the “FANG stock of the crypto world.” FANG is basically Facebook, Amazon, Netflix, and Alphabet’s Google, and it is considered the highest flying – and even most widely held – tech stocks.

In the latest news, Japan’s financial watchdog is looking to up the ante in the crypto-trading industry. Called the Financial Services Agency (FSA), it has already laid out another set of regulatory stipulations for the country’s domestic crypto exchanges.

Believe it or not, a small town situated in Ukraine has residents who are all owners of cryptocurrency. This is basically the Ukrainian village of Elizavetovka of the Petrykivsky district in the Dnipropetrovsk region. It was made possible through an initiative by the head of the village council.

In the latest news, four of the world’s biggest auto companies have joined forces with startups and tech providers to create a consortium which will utilize automotive uses for blockchain. The latter refers to the database technology known and used from cryptocurrencies.

Investment banking colossus Goldman Sachs is poised to utilize its own money in trading Bitcoin on behalf of his clients. The most titular name in the finance industry is going to take risks, as he plans to set up his own crypto-trading desk at a Wall Street bank.

Crypto-mining giant Bitmain has been in the news again recently, and this time it was to introduce the most powerful and efficient EtHash ASIC – the algorithm used by Ethereum and Ethereum Classic. This sent waves of concern through the crypto community, as it was believed that the EtHash protocol was resistant to ASIC mining.

UNICEF as an organization works to provide humanitarian aid to children and their mothers in developing nations and conflict areas across the globe. Now, the Australian chapter of this branch of the United Nations has found a novel new way to raise funds for its ongoing mission for the Rohingya refugees in Bangladesh.