Business

Crypto Markets Turn Red Once Again, Bitcoin Price Hovers Under $8K

[ad_1] Friday, Oct. 18 — Bitcoin (BTC) is suffering from further downward selling pressure and continues to trade below the $8,000 price mark.Cryptocurrency market daily overview. Source: Coin360Bitcoin traded below the $8,000 price mark for most of the day. The world’s largest cryptocurrency traded at an intraday high of around $8,135, with a sudden dip toward $7,900, before settling down at its current trading price of $7,952. BTC shows a
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6 Darknet Markets for the Crypto Curious

[ad_1] If you’ve got a few thousand satoshis burning a hole in your wallet, the darknet beckons. There’s no obligation to spend a single sat while scouring the darker recesses of the web, but it’s nice to know that should you get the urge, your crypto’s good. There are few certainties when shopping on darknet markets (DNMs), but acceptance of BTC, XMR, and other leading cryptos is a given. Here’s
Business

Fidelity Investments Fully Rolls Out Crypto Custody Service, Exec Says

[ad_1] American financial services company Fidelity Investments has fully launched its cryptocurrency custody service.Abigail Johnson, CEO of Fidelity Investments, revealed the development in an interview with the Financial Times published on Oct. 18. Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients.A nascent, but promising businessLast fall, Fidelity specifically indicated that it would provide an enterprise-grade crypto
ALTCOIN

‘A Neat Idea That Will Never Happen’

[ad_1] JPMorgan Chase CEO Jamie Dimon has said that Facebook’s not-yet-released Libra stablecoin is “a neat idea that will never happen.”Dimon delivered his comments during a speech at the Institute of International Finance conference on Friday, BNN Bloomberg reported on Oct. 18. Dimon said that the idea behind Libra is not unique and further turned the conversation to his company’s own stablecoin, JPM Coin, revealing that JPMorgan is spending over
BLOCKCHAIN

Kik Messaging App Now Has New Owner, Will Continue Work on Kin Token

[ad_1] MediaLab, a Santa Monica-based holding company, has finalized an agreement with Kik Interactive to acquire the Kik messaging platform.MediaLab sees the long-term potential of Kik and Kin tokenOn Oct. 18, in a blog post to the millions of members of the Kik community, MediaLab announced that it has acquired the Kik messaging app and explained how the acquisition will impact the app’s future.MediaLab said that the company is committed
Business

Either I’m Satoshi Nakamoto, or He Plagiarized Me

[ad_1] Australian computer scientist and tech entrepreneur Craig Wright has asserted that Satoshi Nakamoto, the author of the Bitcoin (BTC) white paper, plagiarized him.Speaking at the CC London Investment in Blockchain and AI Forum 2019, which took place from Oct. 14 to Oct. 16, Wright claimed that he was about to reveal the ultimate proof of his authorship of the original Bitcoin code. This will come out, according to Wright,
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Telegram Offers to Postpone Launch of the TON Network

[ad_1] Telegram, which was surprised with a last minute restraining order on the sale of its tokens in the U.S., is now ready to delay the launch of the TON network until the spring of next year. The company has informed the New York court reviewing the case that it can suspend all operations with grams until the legal issues around the coin offering are resolved. Also read: 104 Addresses
BLOCKCHAIN

Dollar Deposits On Binance.US Now Have FDIC Insurance Coverage

[ad_1] Binance.US — the United States-focused wing of major cryptocurrency exchange Binance — announced that its customer's dollar deposits are eligible for Federal Deposit Insurance Corporation (FDIC) insurance coverage.FDIC insures deposits up to $250,000In a blog post on Oct. 18, Binance.US announced that the exchange holds its U.S. dollar deposits in pooled custodial accounts at different banks that are insured by the FDIC, which is a United States government agency
BLOCKCHAIN

Two More US Jurisdictions Launch Blockchain-Based Mobile Voting

[ad_1] Two state counties in the United States are implementing blockchain-based mobile voting in the special elections in November.On Oct. 18, the nonprofit Tusk Philanthropies announced its partnership with Jackson and Umatilla Counties in Oregon to pilot the mobile elections platform Voatz. The pilot offers eligible voters to cast their votes using their smartphones, which are secured through blockchain and facial recognition technology.Pilot participants are mostly servicemembers overseasThe pilot is
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Crypto Exchange Poloniex to ‘Spin Out’ from Circle

[ad_1] Poloniex, one of the earliest crypto trading platforms that targeted the US market will ‘spin-out’ from Circle. Despite the efforts to build a fully compliant market, Poloniex is shutting its doors for US-based traders from November. Polo Digital Assets, Ltd. Created to Take Over Crypto Exchange Business Poloniex will spin-off in a separate company, Polo Digital Assets, Ltd., in partnership with an unnamed investment company, announced Circle. In the