Monthly Archives: May 2019

Capital markets platform iSTOX has joined Singapore’s regulatory sandbox to launch digitized securities trading in late 2019, the firm announced in a tweet on May 24.Following its addition to the Monetary Authority of Singapore (MAS)’s FinTech Regulatory Sandbox on May 1, the Singapore-based company will start providing service for the trading of digitized securities starting…

Friday, May 24 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) crosses the $8,000 mark again.Market visualization courtesy of Coin360Bitcoin is up over 5% on the day, trading at $8,018 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down…

Cryptocurrency exchange Binance delivered what appeared to be the first confirmation it had added margin trading for traders in a social media update on May 24.As part of its ongoing transition that will see new products, including a decentralized exchange, Binance released preliminary views of its new trading interface.Composed of a “dark” and “light” mode,…

Privacy-centric cryptocurrency monero (XMR) plans to switch to a new proof-of-work (PoW) algorithm in October. The new algorithm follows an agreement with Arweave, which will fund an audit of the new algorithm, an Arweave spokesperson told Cointelegraph via email on May 23.Arweave, which has launched a permanent and decentralized internet, said that monero will implement…

Kraken paid 250 salaries to staff in bitcoin (BTC) last month, the crypto exchange revealed in a tweet on May 23.The firm was responding to Peter Schiff, the CEO of Euro Pacific Capital, who had claimed “there is no way that people are going to work for salaries paid in bitcoin.”As an aside, Kraken added:“By the way,…

Tokens for the Polkadot protocol are being offered on secondary markets at heavily discounted rates, The Block reported on May 23.A number of major crypto funds and investors told the website that over-the-counter (OTC) desks had given them the chance to buy large volumes of DOT tokens.Polkadot, a blockchain interoperability protocol created by Ethereum co-founder Gavin Wood, sold its…

Social media giant Facebook plans to launch its own payments-focused cryptocurrency “Globalcoin” in 2020, according to a BBC news report published on May 24.The BBC reports that tests for the forthcoming digital currency are planned to take place by the end of 2019. While Globalcoin is ostensibly the coin’s current name within the company, it…

Encrypted messaging service Telegram will purportedly launch its Telegram Open Network (TON) in the third quarter of 2019, according to crypto news site The Block.An internal memo sent to investors reportedly said that the network would launch later this year. Telegram purportedly said that a recent successful test process “reaffirms our belief that the TON…

CEO of Morgan Creek Capital Mark Yusko says bitcoin (BTC) should be in every investor’s portfolio in an interview with CNBC on May 22.Yusko remarked that he thinks BTC investments will far outperform the S&P 500 investment fund over the next 10 years.When asked about putting money into BTC, Yusko said:“Bitcoin is a great diversifying…

Thursday, May 23 — Cryptocurrency markets are starting to move upward, having overcome the drop in the beginning of the day, according to Cointelegraph’s Coin360.Market visualization from Coin360The leading cryptocurrency bitcoin (BTC) started the day at $7,638 gradually reaching its intraday high of $7,946. At press time, bitcoin is trading at around $7,914, up 2.64%…