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Markets Rattled as Bitcoin Falls Below $6,100

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Today marks a landmark decision in the MtGox debacle, where as the Japanese court approves rehabilitation of the Bitcoin exchange from bankruptcy. Despite the positive news, markets are tumbling, as many top altcoins are experiencing double digit percent losses aside Bitcoin’s decline. The ruling by the court today marks Bitcoin exchange MtGox as the first … Read more

Decentralized Cryptocurrency Exchanges Are Finally Seeing Large Volumes, Led by IDEX

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Despite skepticism from cryptocurrency traders and Ethereum users, decentralized digital asset exchanges are experiencing a rapid growth rate in terms of volume, led by IDEX, the most widely utilized decentralized application (DApp) on the Ethereum protocol. IDEX Overtakes CryptoKitties Throughout the past eight months, CryptoKitties, the Ethereum-based digital collectibles platform that enables users to purchase, … Read more

Investor: Selling Cryptocurrency in 2018 is Like Selling Apple in 2001

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Yoni Assia, the CEO of UK-based multi-asset brokerage company eToro, a platform founded in 2006 that serves more than seven million active users, has said in an interview that the recent decline in the prices of both major and small cryptocurrencies such as Bitcoin, Ethereum, and tokens has created a rare buying opportunity for newcomers. … Read more

Citibank Plans to Replace 20,000 Employees with Robots and Automation

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Jamie Forese, the president and CEO of Citibank’s institutional clients group, stated in an interview with the FT that 20,000 employees, or around 40 percent of the bank’s total workforce, can be easily replaced with machine learning and artificial intelligence (AI). Banks are Replacing Employees with AI According to Forese, more than 40 percent of … Read more

Fidelity Investments Hints at Entering Cryptocurrency Exchange Space

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Fidelity Investments is reportedly taking steps to offer a variation on the cryptocurrency exchange theme. Without an official public announcement, enthusiasts have precious few concrete details on which to hang hope. However, combine the retail legacy asset management company’s long time bullish attitude on bitcoin with what has been revealed this week through internal documents, … Read more

PR: MoneyToken to Give out Loans in Stablecoin from Goldman Sachs-Backed Circle

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Following the announcement that Circle, a fintech startup backed by Goldman Sachs, plans to launch a stablecoin pegged to the U.S. dollar, the blockchain-based ecosystem MoneyToken has confirmed the listing of the stablecoin, Circle USDC, on its lending platform and decentralized exchange. The post PR: MoneyToken to Give out Loans in Stablecoin from Goldman Sachs-Backed … Read more