Month: December 2018

In 2018 there was a rapid decline in initial coin offerings, a slowdown in blockchain business launches, and a bearish crypto market. During this period, companies with good liquidity have been scaling up and strengthening by acquiring startups.  Also Read: Global Cryptocurrency M&As Rise  M&A Deal Frenzy in 2018 In 2017 the number of cryptocurrency and blockchain companies that launched more than doubled compared to the year prior. The current bear market that has since come to characterize 2018 has proven the ideal time for institutional investors and venture capitalists to…

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Most cryptocurrencies took a hit on Christmas Day, losing between 5-10% after having a decent run of solid gains last week. Some traders had assumed digital asset markets would be rather dull during the holidays, but the correction was deep and fast. At the moment, the entire cryptocurrency economy is worth $126 billion as traders are curiously waiting for the next big move. Also read: Year in Review: 2018’s Top Cryptocurrency Stories Crypto Markets Show It’s Too Soon to Call the Bottom Cryptocurrency markets have consolidated a little after taking some…

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With the New Year around the corner, startups as well as established players in the cryptocurrency industry have announced plans for new products and services. In The Daily today we cover the upcoming premieres of two Mimblewimble-based coins, the planned launch of a low-fee, crypto-based remittance service in Asia, and the intentions of two leading Chinese crypto companies to focus on core business activities. Also read: BTCP Bug Exploited by ‘Bad Actor’, Binance Lists New Pairs Customizable Privacy Coins Coming Soon Two crypto projects using Mimblewimble, a protocol designed to…

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Kucoin has delisted 10 digital assets, including bitcoin gold and mobius, and Huobi has put 32 trading pairs on notice. Both exchanges cite issues to do with weak liquidity and trading volume as reasons for their action. But the flurry of delistings also point to how the cryptocurrency market downturn has taken a toll on many altcoins. Also read: Bitcoin Equipment Maker Ebang Reapplies for Hong Kong Listing Delisting Result of Low Liquidity Kucoin said it had “disqualified” tokens such as bread, bitclave, wepower and ethlend for failing to meet the…

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Wealthfront, one of the largest independent robo-advisers in the U.S. market, has added support for Coinbase accounts. The Wealthfront team explained that high customer demand was the reason for incorporating the new feature, stating: “We’re especially excited because this has been one of our clients’ most requested features.” Also Read: Bitcoin Private (BTCP) Bug Exploited by ‘Bad Actor’ Wealthfront Adds Coinbase Support Wealthfront Advisers LLC (formerly known as Wealthfront Inc.) is a Redwood City, California-based robo-adviser providing automated, software-based portfolio management services, which was established in 2008. The company has…

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A new report by a blockchain-focused research company asserts that there has been a spike in people using cryptocurrencies to send remittances. This growth is in part due to the high costs incurred when using more traditional methods such as Paypal.  Also read: Seven Cryptocurrency Trends to Look out for in 2019 Easier, Cheaper, Faster The value of remittances being sent overseas from the U.S. is greater than ever. World Bank Data states that over $148 billion was sent abroad from the U.S. in 2017. With an increasingly interconnected world seeing more…

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