BLOCKCHAIN

Polychain CEO Says Facebook’s Rumored Stablecoin Blockchain Should Be Public

[ad_1] Polychain Capital CEO Olaf Carlson-Wee thinks Facebook would be smart to build its stablecoin on a public, open blockchain infrastructure. Carlson-Wee delivered his remarks at the Consensus 2019 panel “To the Moon and Back” on May 15.Carlson-Wee explained that the blockchain platform he is referring to is one like bitcoin’s, in which the creator relinquishes control over the platform they built. He argues that such an arrangement would be beneficial
BLOCKCHAIN

Crypto Exchange Seed CX Adds Support for Three Stablecoins

[ad_1] Chicago-based crypto exchange Seed CX has announced support for stablecoins Paxos (PAX), USD Coin (USDC), and TrueUSD (TUSD) in a press release on May 14.The new stablecoin additions can be traded for U.S. dollars starting May 17, and the exchange is aiming to roll out trading pairs between the stablecoins and other fiat currencies such as the euro in the near future. Seed CX CEO Edward Woodford commented on
BLOCKCHAIN

Blockchain Infrastructure Firm Blockstream Launches Security Token Platform

[ad_1] Blockchain infrastructure firm Blockstream announced the launch of its security token platform in a press release shared with Cointelegraph on May 15.Per the announcement, the new Liquid Securities platform is a solution for businesses to issue security tokens on the Liquid Network.Blockstream Chief Security Officer Samson Mow claims that while businesses are willing to issue tokenized securities, platforms such as Ethereum are not the right choice because of their
Business

Bitcoin’s Recent Surge Due its Maturation as an Asset

[ad_1] New data suggests that bitcoin's (BTC) growth is explained by its maturation as an asset based on conversations surrounding the leading cryptocurrency, Bloomberg reported on May 15.Bloomberg cited a report from web intelligence platform Indexica, that developed an index based on natural language processing of textual documents in an effort to explain bitcoin’s recent surge.The research reportedly revealed three major drivers of the coin’s growth, including conversations surrounding bitcoin,
Business

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 15

[ad_1] The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.As the Bitcoin rally picked up momentum, the volume also spiked higher. Bitcoin futures on CME made a new record as the number of traded
EXCHANGES

The Tiniest Fraction of a Bitcoin is Now Worth More Than 3 Fiat Currencies

[ad_1] Bitcoin has long been more ‘expensive’ per one BTC particularly compared to other fiat currencies. Now, its smallest unit known as a satoshi (or 0.00000001 BTC) is now worth more than some national currencies.   In an interesting Reddit thread, one Bitcoin enthusiast noted that, at the current rates, one Satoshi is worth more than one unit of these three global fiat currencies. Iranian Rial As far as sh**coins go,
Business

Huobi Launches OTC Desk for Institutional Investors

[ad_1] Major global crypto exchange Huobi has launched a regulated over-the-counter (OTC) trading desk for institutional investors, according to a blog post on May 15.The new OTC crypto trading platform, Huobi OTC Desk, is fully regulated by the Gibraltar Financial Services Commission (FSC), and enables major fiat-to-crypto and crypto-to-crypto trading pairs.Unlike the existing Huobi’s OTC retail products, the new OTC trading desk enables a principal OTC trading process under Huobi Technology,
Business

Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April

[ad_1] Wednesday, May 15 — All of the top 20 coins are in the green after seeing some losses over the past day, with some reporting double-digit gains, according to Coin360.Market visualization by Coin360The leading digital currency bitcoin (BTC) is up over 4% on the day, trading at $8,135 at press time after reaching above $8,200. Earlier today, bitcoin dropped under the $8,000 price point to trade as low as
Business

Bitcoin Cash Experiences Bug During Scheduled Hard Fork Upgrade

[ad_1] In the course of a planned hard fork update, the bitcoin cash (BCH) network experienced difficulties processing transactions, cryptocurrency exchange BitMEX tweeted on May 15.Following the expected fork at block 582,680, the network purportedly began to experience issues with transactions.BitMEX said that the number of transactions per block was low — 0 in the last 9 blocks starting at block 582,687.Bitcoin cash transaction per block. Source: BitMEXAccording to data
Business

Reserve CEO Predicts Central Banks Will Tokenize, Still Room for Stablecoins

[ad_1] CEO Nevin Freeman of stablecoin startup Reserve predicts that central banks will tokenize their currency at some point, but stablecoins will likely still have an advantage in offering privacy.Freeman delivered his remarks at the Consensus 2019 panel “The End of Volatility? Stablecoins on the Rise” on May 15.During the panel, moderator Joel Telpner, a partner at Sullivan & Worcester LLP, asked the speakers why banks could not simply tokenize