Regulatory Overreach is Crippling the U.S. Crypto Sector

A law professor has reached an unflattering conclusion regarding the regulatory climate of the crypto space in the United States — it’s confusing! According to Carol Goforth, who teaches at the University of Arkansas School of Law, “overlapping regulations produced by a multitude of distinct agencies with different missions and …

Paxos Standard (PAX) Is Now a Base Pair on Binance

Major cryptocurrency exchange Binance has added Paxos Standard (PAX) as a base currency on its platform, meaning the stablecoin can be coupled with other digital assets listed on the platform. The addition of PAX on Binance will offer traders an alternative to controversial stablecoin Tether (USDT), which, until now, was …

NYSE Operator’s Bakkt Confirms End of January 2019 Launch Date For Digital Assets Platform

The Bakkt digital assets platform, which was created by the operator of the New York Stock Exchange (NYSE), announced in a Medium post today, Nov. 24, that they are now “targeting” Jan. 24, 2019 as a launch date. The Intercontinental Exchange (ICE), operator of 23 leading global exchanges including the …

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 …

Paxos Standard (PAX) Stablecoin – Secure & USD Collateralized

Just over a month ago on September 10, 2018 the New York based blockchain company Paxos announced the release of a new stablecoin called Paxos Standard, with the ticker symbol PAX. This is a fully USD-collateralized stablecoin that is being released by Paxos Trust Company. It is also regulated and …

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 …