Latest Market News
Ethereum co-founder Vitalik Buterin has donated 1,000 ETH to each of three Ethereum startups – ChainSafe Systems, Prysmatic Labs and Sigma Prime.
Mark Dow, a macro trader and economist who previously worked at the U.S. Treasury and the International Monetary Fund (IMF), has closed his short position on Bitcoin. Dow initiated the trade almost at the very top of Bitcoin’s 2017 run, and took profits twice in 2018.
Coinbase Pro, the exchange operated by U.S. cryptocurrency broker Coinbase, has announced the listing of 4 Ethereum-based tokens - MKR, ZIL, DAI and GNT. Deposits for the coins are open, but trading hasn’t commenced yet.
Bloomberg has gained access to documents that suggest Tether Ltd., the issuers of the USDT dollar-pegged stablecoin, have the necessary fiat currency funds to back each USDT in circulation. While Bloomberg doesn’t state they have definitive proof, they say that they reviewed bank statements from four separate months and that the USD amounts match the amount of USDT tokens in circulation.
The innovative currency issuance models we are witnessing in the realm of digital currencies have the potential to play a vital role in shaping the monetary policies of the future.
Circle CEO and co-founder Jeremy Allaire argued that Bitcoin and Ethereum have a bright future in a recent appearance on CNBC’s Squawk Box.
The crypto bear market has taken its toll on yet another blockchain startup – Ethereum-based mobile app developer Status has cut 25% of their employees. Jarrad Hope, a co-founder of the Status project, detailed the reasons behind the decision in a post available on the Status website.
Exactly one year ago, the price of Bitcoin hit its last all-time high of just below $20,000. The peaks of Bitcoin’s previous big runs were $30 (June 2011), $230 (April 2013), and $1,150 (December 2013).
As the year comes to an end, the frequency of major announcements and developments has begun to diminish as team look towards the holiday period and focus their attentions on the coming year. There are still a few projects set to benefit from developments that should result in an increased amount of attention and help to strengthen their position during the current downturn.
Blockchain interoperability project Wanchain has released their 3.0 upgrade, which allows for cross-chain transactions between the Bitcoin and Ethereum networks.
