News to Know

News to Know

7 Major EU Countries to Go Big on Blockchain: What It Means for Crypto
On December 4, seven EU countries led by Malta and France have established a group called the “Mediterranean seven” to encourage and promote the usage of blockchain technology. In the months to come, the seven countries that include France, Italy, Spain, Malta, Cyprus, Portugal and Spain, will work to implement the blockchain in education, transport, mobility, shipping, Land Registry, customers, company registry, and healthcare.

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  • Bitfinex and Ethfinex to List 4 New Stablecoins: TUSD, USDC, PAX and GUSD
    A few hours ago, and via Twitter and Medium, Bitfinex announced that it was adding four additional stablecoins. The newly added stablecoins would also be listed on Ethfinex, the Ethereum token centered version of Bitfinex. The four newly listed stablecoins are: USD Coin (USDC), True USD (TUSD), Paxos Standard (PAX), and Gemini USD (GUSD). The new additions bring the total tally of stablecoins on the two platforms to six. The other stablecoins are Tether (USDT) and Dai (DAI).

    R3 and Ripple play nice as new Corda app supports XRP
    Distributed ledger technology outfit R3 has launched a universal settler application to facilitate payments on its Corda platform, with rival Ripple’s XRP the first cryptocurrency to be supported. Corda Settler is an open source CorDapp that allows payment obligations arising on the Corda Network to be settled via any parallel rail supporting cryptocurrencies or other crypto assets, and any traditional rail capable of providing cryptographic proof of settlement.

    Trouble Brewing for Bitcoin Mining Giant Bitmain
    Cryptocurrency miners are facing a storm and in the case of the giants such as Bitmain which focuses on ASIC mining chips it is no different. Twitter user BTCKING555 has leaked that Bitmain has lost a thunderous $740 million in the third quarter of 2018. These detrimental losses come at a time when the Bitmain is planning an initial public offering (IPO).

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    Nearly Every Major Cryptocurrency is Down at Least 90% from All-Time High
    Earlier this year, in February, Tom Lee — co-founder of Fundstrat Global Advisors, the first Wall Street strategy firm to embrace bitcoin — opined that the crypto market had turned a corner and would see new highs in July. Nine months and several year-end price target reductions later, cryptocurrency assets remain firmly in the red. In fact, according to data from OnChainFX, nearly every major cryptocurrency is down at least 90 percent from its all-time high.

    Crypto Mining Rigs for Sale Following Bitcoin Crash
    Chinese firm Canaan Creative, the second biggest Bitcoin mining hardware designer, is having a fire sale of its products for the ‘celebration’ of the recent crash of the leading cryptocurrency, Bitcoin while some of the minor players in the market are being crushed from the market. A representative from the company announced that the firm’s Bitcoin Mining ASICs can be purchased for $200 each until the depletion of the stock.

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