Cryptocurrency exchange Coinbase just announced the establishment of the Coinbase Index Fund. The fund allows accredited investors to bet on the success of the crypto market as a whole, and it could help propel the ecosystem to the next level. Here’s a closer look.
As platforms that trade cryptocurrencies have become increasingly juicy targets for cyber thieves, Binance, the largest cryptocurrency exchange by trading volume is developing a decentralized public blockchain for the transfer and trading of digital assets.
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Barclays PLC has become a rare global bank to embrace the cryptocurrency sector by signing exchange operator Coinbase as a customer. Working with Coinbase is a big stride for Barclays into a sector that many banks have so far shunned for being too risky and is a positive sign for the entire crypto market.
The Winklevoss twins have taken on their next project in the cryptocurrency world: regulation. The brothers, who run the Gemini exchange for trading Bitcoin and Ether, have submitted a proposal to create a self-regulatory organization meant to develop industry standards, promote transparency and work with regulators.
A fascinating step-by-step mental experiment from Andy Bromberg, CEO & Co-founder at CoinList, about how a hostile takeover of a token network would unfold.
We would not be surprised if some teams were already working on something like this behind the scenes and we might expect to see this sort of activism with more frequency.
It turns out the conspiracy theorists were on to something. Classified documents provided by Edward Snowden show the NSA indeed worked urgently to target Bitcoin users around the world to “help track down senders and receivers of bitcoins.”
Here is a rundown of what major countries around the world are doing to regulate cryptocurrencies.
The plan, if implemented, will be a major reversal of last September’s banning of ICOs, claiming cryptocurrencies were neither money, nor currency or financial products.
President Donald Trump banned U.S. purchases of a cryptocurrency the Venezuelan government is rolling out, as part of a campaign to pressure the government of President Nicolas Maduro.
Plattsburgh, New York has imposed an 18-month moratorium on Bitcoin mining to prevent miners from using all the city’s cheap electricity.
CHART OF THE WEEK
Here’s ZenCash (ZEN). We’re seeing a rare double bottom on both the logarithmic and stochastic charts. You’ll notice the USD price is hovering the bottom only on the steeper mini-channel, so that’s not as reliable. Still, looks like it’s (possibly) time to buy… or at least time to start building a position.
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