Atari Founder Nolan Bushnell's X2 Games Acquired by Global Blockchain

The man who created Atari has moved on to blockchain-based gaming. Neil Bushnell’s X2 Games has been acquired by Canadian-based Global Blockchain (BLOC), a crypto investment firm, in hopes that Bushnell’s expertise will lead to another gaming industry revolution — this time with the help of blockchain technology. The move will see the Canadian company ...

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OKEx Lists Four New Stablecoins

Digital assets platform OKEx has added four stablecoins to its listed assets. According to a support notice published by OKEx, the Hong Kong-based cryptocurrency exchange says that TrustToken’s TrueUSD (TUSD), Circle’s USDCoin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX) are now live on the platform. These four will join Tether’s USDT, the only stablecoin listed on the ...

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Fidelity Unveils New Institutional-Grade Cryptocurrency Investment Service

Fidelity Investments has launched a new business to allow its institutional clients to trade in digital currencies such as bitcoin, a press release reveals. Known as Fidelity Digital Asset Services, LLC, the company will purchase and sell cryptocurrencies for family offices, hedge funds and other monetary ventures. All coins will be sourced from large, over-the-counter digital exchanges and housed using ...

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As Tether’s Peg Slips, Bitcoin Price Is Distorted Across Market

Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market. In the early hours of October 15, 2018, Tether’s USDT was trading at $0.92, the lowest asking price the coin has seen in 18 months. At the time of writing, the stablecoin still hasn’t made up ...

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Talking Crypto-Investing With CoinFund’s Founder and “Chief Alchemist”

On the latest episode of Epicenter Bitcoin, our hosts interviewed Jake Brukhman, the founder and managing director of Coinfund, as well as his chief alchemist Aleksandr Bulkin. The pair came to discuss some of the philosophy that goes into running a crypto fund, as well as some of the difficult business decisions they have to make on the priorities of ...

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IMF, World Bank Set Framework Around Fintech Advances

The International Monetary Fund (IMF) and the World Bank have weighed in on sovereign considerations and global implications of blockchain and other financial services technologies. The Bali Fintech Agenda, released at the conclusion of their annual meeting, distills the issues and concerns around disruptive technologies like distributed ledgers and smart contracts. The 12-point agenda intends to provide guidance to countries ...

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Coinbase Ditches Its Index Fund in Favor of a New Retail Feature

Coinbase – one of the largest digital currency exchanges in the U.S. – is nixing its index fund designed for accredited investors and shifting its focus to a new retail product, The Block reports Coinbase is shutting down its fund aimed at big investors as it pivots to a new retail product . Coinbase first announced its fund back in March ...

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Singapore-based Blockchain Consortium Buys Majority Share in Bithumb

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet. BK Global Consortium is a blockchain investment firm under BK Global, a Singapore plastic surgery medical group owned by Kim Byung-Gun. The Consortium had held a minority position in ...

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Coinbase Has Just Added ZRX, Its First ERC-20 Token

Making good on a promise it made back in March of this year, Coinbase has just added its first ERC-20 token. ZRX, the token of the 0x (pronounced “zero x”) protocol began trading on Coinbase Pro (formerly GDAX), the exchange’s professional trading platform, on October 11, 2018.   “Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ...

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Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 2018

Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018. These are the unsettling claims made by a new report released by blockchain and virtual currency forensics firm CipherTrace. The most popular target currency ...

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