Bitcoin Cash Drops 5% as Crypto Market Retraces, Tokens Take a Hit

Bitcoin Cash Drops 5% as Crypto Market Retraces, Tokens Take a Hit

Advertisement Twitter Facebook LinkedIn After demonstrating nearly a 50 percent gain within a three-day span, Bitcoin Cash dropped five percent of its value against the US dollar. The volume of Bitcoin Cash, which hovered at around $1.4 billion on November 6, has since dropped to $950 million, by 32 percent. Still, on a weekly basis,…

New Protocol Lets EOS dApps ‘Teleport’ Tokens from Ethereum

New Protocol Lets EOS dApps ‘Teleport’ Tokens from Ethereum

Advertisement Arguably the most important contribution of Ethereum is the real-world implementation and accessibility of smart contracts. From smart contracts follow decentralized applications or “dApps,” which enable common users to interact with financial and other purposes of the blockchain without necessarily needing to be cryptocurrency savvy. So many smart contracts and dApps have been launched…

Op-Ed: Stablecoins and Bank Failure — The Risk of Fiat-Backed Tokens

Op-Ed: Stablecoins and Bank Failure — The Risk of Fiat-Backed Tokens

Advertisement About the author: Ranjeet Sodhi is the CEO and Co-Founder of Vault. He is also a fintech entrepreneur with over 19 years of experience leading and turning around key regulatory risk management initiatives for global top tier investment banks and financial services firms, including JPMorgan Chase, Citi, Deloitte, and E&Y. You can follow him…

Hackers Nab $58k from Cryptocurrency Exchange with Fake EOS Tokens

Hackers Nab $58k from Cryptocurrency Exchange with Fake EOS Tokens

Advertisement Hackers were able to steal nearly $58,000 worth of cryptocurrency from the Newdex exchange by exploiting a vulnerability in the exchange, according to TheNextWeb. The hackers flooded the Newdex exchange with fake EOS tokens they created themselves to buy ADD, BLACK and IQ tokens from the centralized platform. Newdex acknowledged that an EOS account issued…

‘BitLicense’ Regulator Approves Two USD-Pegged Cryptocurrency Tokens

‘BitLicense’ Regulator Approves Two USD-Pegged Cryptocurrency Tokens

Advertisement One of the strictest cryptocurrency regulatory regimes in the United States has approved proposals from two companies under its oversight to issue cryptocurrency tokens whose values are pegged to the U.S. dollar. NYDFS Approves Two Stablecoins In a statement published Monday, the New York Department of Financial Services (NYDFS), creator of the “BitLicense” framework…

Despite Shorts Rising Rapidly Bitcoin Secures $7,200, Tokens Bleed Out

Despite Shorts Rising Rapidly Bitcoin Secures $7,200, Tokens Bleed Out

Advertisement On September 2, short contracts on Bitcoin started to pile up on BitMEX and Bitfinex, a relatively large portion of the crypto market expressed their negative stance on the short-term performance of Bitcoin price. Although Bitcoin has successfully broken out of the $7,200 resistance level on September 1, since late August, the dominant cryptocurrency…

Interview: Indiegogo Founder Talks Security Tokens

Interview: Indiegogo Founder Talks Security Tokens

Advertisement Crowdfunding giant Indiegogo, known for the creation of projects like the Wardenclyffe Tesla Science Centre, recently stepped into the security token market with the announcement that the company would tokenize the St. Regis Aspen Resort in Colorado and sell the tokens as legally-registered securities in a security token offering (STO). STOs Will Soon Become…

Security Tokens in 2018: What Now, and What Next?

Security Tokens in 2018: What Now, and What Next?

Advertisement The concept of ‘Security Tokens’ has been a subject of debate and controversy since they came to prominence . How have they changed since they were first introduced, and where might they be heading next? Futures, and “All Coins are Securities” This was around Winter 2017 – 2018. The same time when the Securities…

$220 Billion: Crypto Continues Short-Term Recovery as Tokens Surge

$220 Billion: Crypto Continues Short-Term Recovery as Tokens Surge

Advertisement The crypto market has continued its recovery over the past 24 hours, as both major cryptocurrencies and tokens continued to surge in value. While Bitcoin remained relatively stable with a 1 percent gain, Ethereum, Ripple, Bitcoin Cash, and EOS recorded 4 percent, 9 percent, 8 percent, and 11 percent gains respectively, pushing the valuation…