The Crypto Market Just Hit a New Low for 2018

Dec 16, 2019 at 20:37 UTCChinese City Warns Investors: Crypto Isn’t BlockchainWeihai, a port city in Shandong province of eastern China, has a stern warning for investors: make sure you are really investing in blockchain innovation and not cryptocurrency masquerading as blockchain.The Weihai Local Financial Supervision and Administration said Friday investors should be more cautious…

news Yves Mersch, executive board member at the European Central Bank (ECB), has warned of the threat posed by Facebook’s Libra to monetary policy and consumers of the cryptocurrency in the EU. Speaking on Monday, Reuters reports, Mersch said: “[Libra] could reduce the ECB’s control over the euro, impair the monetary policy transmission mechanism by affecting the…

news 2gether, a European payment app allowing users to spend crypto via a Visa debit card, is adding dash to its list of supported coins. Launched in March and available in 19 countries of the European Union, 2Gether now supports nine tokens, including bitcoin, ether, XRP, bitcoin cash, EOS, Stellar, litecoin, QTUM and dash. Users can buy…

Venture capitalists made fewer crypto deals last quarter, but enthusiasm for the sector remains high, according to a new quarterly report from PitchBook. Overall, crypto fundraising rose 2.5% to $2.7 billion across 503 deals in Q1. Although the dollar amount was up, the number of deals fell 12.5%. 01:50 FTX, Alameda Ordered to Pay $12.7B

opinion Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. — You may not have heard of Vertcoin, a crypto project designed to curtail concentration…

Bitcoin (BTC) now makes up 50 percent of the entire cryptocurrency market capitalization.

news A South Korean mobile payments dapp is rolling out a back-to-basics “clicks and bricks” growth strategy to boost retail adoption. Rather than an advertising blitz or sending an army of bots to make their case on social media, Terra Blockchain’s CHAI dapp is focusing on where customers actually transact to buy stuff. Founder David…

Layer 2 cryptocurrencies provided a mixed performance as the Ethereum blockchain's Decncun upgrade went live.Polygon, Arbitrum and Metis led gains while Immutable X and Celo declined.Cryptocurrencies adjacent to the Ethereum network offered a mixed performance on Wednesday as the blockchain's much-anticipated Dencun upgrade went live, enabling cheaper transactions on layer-2 (L2) protocols.Native tokens of Polygon

FATF (Hervé Cortinat/OECD)The Financial Action Task Force (FATF), whose advice is heeded by more than 200 countries, will meet in October to discuss ways to create a stronger global framework for the regulation of cryptocurrencies. In a report Tuesday to the G-20 finance ministers and central bank governors, the international financial watchdog said regulators need…