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Markets News

cryptocurrency April 4, 2018

Ethereum’s ether (ETH) token fell 47.5 percent in the first three months of 2018 – its worst quarterly drop on record. Advertisements While the notable slump came amid a general downturn afflicting the cryptocurrency markets, it was also exacerbated by problems more unique, perhaps, to ethereum. However, although the decline appears major at first glance, […]

cryptocurrency March 21, 2018

One crypto token on two different blockchains? Advertisements While it might sound unlikely, social messaging app Kik has announced it’ll be doing just that with its “kin” token, which allowed the company to raise $98 million in an initial coin offering (ICO) in September. After some back and forth about which blockchain the company wanted […]

cryptocurrency March 20, 2018

After raising $12 million in its first round of venture capital funding, CryptoKitties will break away from its creator, Canadian blockchain startup Axiom Zen, the company announced Tuesday. Advertisements The ethereum-based app, which has enjoyed tremendous popularity since its launch in December of 2017, allows users to buy, collect, breed and exchange unique digital cats […]

cryptocurrency March 19, 2018

Ether’s technical recovery from the 100-day low hit yesterday looks to be a “dead cat bounce.” Advertisements The world’s second largest cryptocurrency by market capitalization, which traded around $740 a week ago, fell to $460 on Sunday – its lowest level since Dec. 11.  The 37.8 percent fall looks to be associated with ether-specific news […]

cryptocurrency March 12, 2018

ConsenSys, the New York-based blockchain application startup, has announced today it is partnering with TrueDigital, a new affiliate of online interest rate swap marketplace trueEx, in an effort to develop a benchmark price for ethereum’s ether cryptocurrency. Advertisements According to an announcement, the two firms are planning to design a target reference index for the […]

cryptocurrency March 7, 2018

Comcast is banking on a world with multiple blockchains. Advertisements Revealed exclusively to CoinDesk, the venture arm of the telecommunications giant is leading a $3.3 million seed investment in Blockdaemon, a New York City-based startup that creates enterprise software for interacting with a wide range of blockchains. While Blockdaemon has so far allowed its clients […]

cryptocurrency February 4, 2018

There’s a gap in the vision for the decentralized internet. Advertisements At least that’s according to Bluzelle, which recently raised $19.5 million in an initial coin offering (ICO) aimed at creating a network of decentralized online databases. While several companies, including Filecoin and Storj, are already working on decentralized file storage, Bluzelle is targeting the […]

cryptocurrency January 29, 2018

Ethereum’s ether token could revisit record highs very soon, courtesy of last week’s bullish price action, the price charts suggest. Advertisements The cryptocurrency, which was notably given a higher rating than bitcoin and Ripple’s XRP last week by Florida-based Weiss Ratings, is up 18 percent week-on-week, says data source OnChainFX. As of writing, ether (ETH) […]

cryptocurrency January 26, 2018

Sitting at his desk at Credit Suisse, Sina Nader watched the bottom fall out of the global economy. Advertisements As a junior associate helping manage a $100 million portfolio of equities, he had a first-hand view of the 2007-2008 collapse from the Swiss bank’s Los Angeles offices and recalls frantically taking screenshots of the price […]

cryptocurrency January 25, 2018

“We look at ethereum like AOL or Myspace.” Advertisements That’s how Mobius Network co-founder and CEO David Gobaud explains why his startup ran its initial coin offering (ICO) on the Stellar network instead of ethereum, the most popular blockchain for token sales. The comment underscores the growing interest in some corners of the crypto community […]