25% of ‘affluent’ millennials hold cryptocurrency

A full quarter of affluent American millennials are using or holding cryptocurrency. That’s among the findings in the Millennials with Money report from Edelman. The survey defines affluent millennials as aged 24-38, making $100,000 in individual or joint income, or having $50,000 in investable assets. An additional 31% are interested …

Ripple’s XRP Sales More than Doubled to $163 Million in 2018 Q3

Ripple (XRP), a fintech startup building a global blockchain payment network for financial institutions, released its third-quarter market report this week, revealing that it sold $163 million in XRP during the quarter. According to the report, Ripple sales accounted for 0.43% of global XRP volume. $65.27 million worth of XRP …

Telegram to Debut ‘Test Version’ of Blockchain Platform TON ‘This Autumn,’ Say Investors

Encrypted messenger service Telegram will release a test version of its blockchain-based TON platform “this autumn,” Russian media outlet Vedomosti reports Tuesday, Oct. 16. Speaking to the publication, investors “confirmed” the authenticity of a circular sent to participants in TON’s Initial Coin Offering (ICO) at the start of September. In …

Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies

Financial services giant Fidelity is taking a huge step into cryptocurrency. The 72-year-old firm announced the launch of a separate company, Fidelity Digital Asset Services, on Monday that will handle cryptocurrency custody and trade execution for institutional investors. “Our goal is to make digitally native assets, such as bitcoin, more …

Ripple’s cryptocurrency product goes live for the first time with three financial firms

Ripple’s cryptocurrency product for cross-border payments will go live for the first time with three financial institutions. The San-Francisco-based financial technology firm said Monday that xRapid, which uses the cryptocurrency XRP to carry out international transactions in “a matter of minutes,” is now commercially available. It will be used by …

Report: Tether (USDT) Is Still the King of Stablecoins

Despite the explosion of stablecoins launching in 2018, Tether (USDT) continues to dominate as Tether accounts for 98% of the total daily trading volume of all stablecoins, as well as 60% of Bitcoin’s daily trading volume. This data comes from a recent report by Blockchain, a leading European cryptocurrency wallet …

Google and Goldman jump crypto bandwagon investing in Bitcoin payment startup

The times when financial giants and hi-tech behemoths imposes crypto bans and erected hurdles are over as more and more banks and financial institutions realize that cryptocurrencies and blockchain are a part of our new reality. With that in mind, they are increasingly looking for crypto exposure. In a latest …

Ethereum Classic (ETC) Likely To Dominate IOT And dApps By 2020

As developers express concerns over the centralized nature of dApp development and deployment on Ethereum (ETH), dApp popularity on the Ethereum Classic (ETC) blokchain has just doubled in two months. Ethereum Classic (ETC) has taken a more practical approach to dApp development compared to Ethereum (ETH), one that is more …

Crypto Exchange BitForex Says It Will Soon End Transaction Fee Mining

Singapore-headquartered BitForex, the world’s largest crypto exchange by ‘reported’ trading volume, announced on Thursday (27 September 2018) that it was soon going to end its highly controversial policy of supporting trade mining (better known as “transaction fee mining”, “trans-fee mining”, or “transaction mining”). The usual way that crypto exchanges make …

Bitcoin: Widespread Adoption Could Drive Prices Much Higher

Bitcoin’s Path To Widespread Adoption The world is a big place, unfortunately there are not that many Bitcoin (BTC-USD) to go around. Last winter we saw a prelude to what can happen when people in mass want to acquire Bitcoin, the price skyrockets. However, since then Bitcoin’s price has corrected …