Fidelity Investments Aims to Release Crypto Products by Year End

Fidelity Investments CEO Abigail Johnson has revealed that the company is working on a number of cryptocurrency and blockchain-related products and offerings, with their release tentatively fixed for sometime before the end of the year. Speaking on Friday at the Boston Fintech Week conference, Johnson declined to go into any specifics regarding what exactly Fidelity

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Shapeshift CEO: Bitcoin Drop Beneficial in Building Market Foundation

According to Erik Voorhees, the CEO of popular cryptocurrency trading platform ShapeShift, the bear market of Bitcoin is crucial for building market foundation and infrastructure. He explained: “Bear markets are for builders. The calm, the quiet, the disillusionment. While the fickle and fair-weather peer around with nervous insecurity, the builders become the market’s foundation, preparing

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Cryptocurrency Exchanges Binance, Kraken May Be Operating Unlawfully in New York: AG Report

New York State Attorney General Barbara Underwood has referred three major cryptocurrency exchanges to the state’s Department of Financial Services (NYDFS) for potential violation of New York’s virtual currency regulations. The exchanges referred are Binance, Gate.io and Kraken. This was revealed in the Virtual Markets Integrity Initiative Report released earlier today by the Office of the

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Commissioner: SEC Shouldn’t Hold Back in Approving Crypto Products

The US Securities and Exchange Commission (SEC) commissioner Hester Peirce has stated that the government should not limit the emergence of new products in the crypto market based on the perceived weaknesses of Bitcoin. According to Peirce, the SEC should not force crypto markets to be subjected to comprehensive government regulation just to deploy products

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Ethereum DApp Bancor is Building a Bridge to the EOS Network

Bancor, a decentralized cryptocurrency exchange (DEX) protocol and one of the most popular decentralized applications (dApps) on the Ethereum network, has announced that it will bring trustless token trading to the recently-launched EOS blockchain. Israel-based block producer and Bancor partner LiquidEOS made the announcement — which has since been heavily edited — on Monday. Funded

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US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin?

For the first time in history, US household wealth has surged above the $100 trillion mark, fueled by the rise in the value of stocks and properties. However, analysts say the unsustainable growth in household wealth could cause a crash, which may lead millennials to flock to Bitcoin. In September, US household wealth reached $100

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Bitcoin Price Intraday Analysis: BTC/USD Hinting Reversal towards $6500

Bitcoin price on Tuesday appreciated as much as 2.88 percent against the US Dollar. The BTC/USD is trading at 6326-fiat at the time of this reporting. The pair opened the day forming lower lows towards 6229-fiat. There was already a minor uptrend in place on a bounce back from 6205-fiat from yesterday. However, BTC/USD lacked

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France Accepts New ICO Framework to Become Europe’s Leading ICO Hub

An Initial Coin Offering (ICO) framework proposed by French financial market regulators AMF (l’Autorité des marchés financiers) has been accepted in parliament. France’s Minister for the Economy and Finance, Bruno Le Maire, confirmed the acceptance of the legal ICO framework in a recent tweet. ✅Article 26 adopté en commission #PACTE ! ➡️Un cadre juridique des

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Vigilante Botnet Infects Computers to Remove Cryptocurrency Malware

Botnets have become increasingly powerful over the last few years, to the point where the US Department of Homeland Security admitted that they couldn’t face the problem alone and needed help from the white hat community. Botnets consist of dozens, hundreds, or even thousands of internet-connected devices which are then used to carry out to

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Tether Transactions Resume Normal Operations Following Incident with Omni API

Tether (USDT), the eighth-largest cryptocurrency and the second most-traded coin behind bitcoin, is functioning as normal following an incident with the engine that feeds data from the underlying Omni protocol to the platform’s hosted node services. For approximately eight hours on Monday, tether transactions appeared to be frozen, and in fact were — at least

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