Blockchain 

Major Swiss Stock Exchange SIX Developing Stablecoin Pegged to the Franc

Financial service provider SIX is developing a stablecoin pegged to the Swiss franc, a company spokesman confirmed to Cointelegraph on May 23. The company is also planning to launch a blockchain-powered exchange for digital tokens in the second half of 2019, but the spokesman said he was currently not at liberty to discuss further details concerning whether the stablecoin will operate on that exchange. SIX also runs Switzerland’s top stock exchange — and earlier this month, a top executive revealed that the company is planning to issue its own tokens on the upcoming digital exchange.…

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Ethereum 

Crypto Markets Turn Red, Indian Stock Markets Post Record Highs Amid Election Results

Thursday, May 23 —  following a mild correction which began yesterday, crypto markets have today tipped into deeper red with bitcoin (BTC) dropping below the $7,600 mark, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin has sustained a 4.25% correction and is trading at $7,590 by press time. The top coin has seen considerable volatility this week, posting an intra-week low of under $7,100 on May 17 before surging to the $8,250 mark on May 20. The top coin had brushed $8,300 yesterday, May 16 — a bullish…

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Bitcoin 

Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend

Wednesday, May 22 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $7,900 mark again. Market visualization courtesy of Coin360 Bitcoin is down over .5% on the day, trading at $7,850 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down over 1.83%. Bitcoin 7-day price chart. Source: CoinMarketCap This week, Cointelegraph reported that CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for…

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Blockchain 

EOS Developer Block.One Attempts 10% Private Buyback of Its Stock

EOS developer Block.one is attempting a 10% buyback of its stock, offering backers a share repurchase price that will return as much as 6,567% on their initial investments. The news was reported by Bloomberg on May 22. According to Bloomberg, the buyback values the company at around $2.3 billion, up from about a $40 million valuation in the 2017 seed round. The repurchase price being offered is $1,500 per share — up 6,567% from the original price of $22.50. As Bloomberg notes, investors who ostensibly stand to benefit from this…

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Blockchain 

Zimbabwe Stock Exchange Eyes Blockchain-Based Products, Needs Regulatory Clarity

Zimbabwe Stock Exchange (ZSE) chief executive Justin Bgoni says ZSE is interested in adopting blockchain technology if regulatory certainty can be achieved, according to a report by local news daily The Chronicle on May 20 Bgoni, while in favor of blockchain technology, is waiting to apply blockchain technology at ZSE until regulatory certainty issues have been resolved: “Then there is the money side to blockchain technology. This is a bit difficult, in terms of regulation, we are not yet clear on this and we do not want to do something…

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Bitcoin 

Bitcoin Falls Below the $7,900 Mark as US Stock Market Sees a Minor Downturn

Monday, May 20 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) has fallen below the $7.900 mark again. Market visualization courtesy of Coin360 Bitcoin is down over 1.7% on the day, trading at $7,883 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 10%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today, strategists from United States banking giant JPMorgan Chase have argued that bitcoin’s recent rally has ostensibly soared past what…

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Bitcoin 

In for the Long Haul — How the New Long-Term Stock Exchange Can Help the Crypto Industry

One of the most significant introductions that blockchain has made available in recent years is adding new tools through which companies can raise capital. The technology has made it possible to raise funds for a project from investors of just about any pocket size through initial coin offerings (ICOs) as well as security token offerings (STOs). Typically, these investors put in their money not just in return for a big payday, but they’re usually believers in the project as well. These investors form the community around which new projects are…

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Ethereum 

Crypto Markets See Major Correction, BTC Below $7,350 as US Stock Futures Trade Lower

Friday, May 17 —  after a week of deep green and bullish price performance, crypto markets today are seeing a major correction, with bitcoin (BTC) dropping below the $7,350 mark, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin has taken a steep price hit, dropping 8% on the day to trade at $7,346 to press time. The top coin had brushed $8,300 yesterday, May 16 — a bullish price point not seen since August 2018. Despite today’s major correction, bitcoin retains a strong gain of 16.61% on the…

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Ethereum 

Bitcoin Falls Under $8,000 Again as US Stock Market Sees Discrete Gains

Wednesday, May 15 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) has fallen below the $8,000 mark again. Market visualization courtesy of Coin360 Bitcoin is nearly a percent down on the day, trading at $7,975 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 25.7%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today, the CEO of instant cryptocurrency exchange platform ShapeShift told Bloomberg that bubbles are an essential…

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Ethereum 

Bitcoin Worth Over $7,400 Again as US Stock Market Sees Moderate Downturn

Monday, May 13 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) has crossed the $7,400 mark. Market visualization courtesy of Coin360 Bitcoin is up over 5.2% on the day, trading at $7,431 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over more than 22%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today, consumer electronics giant HTC announced the future launch of the Exodus 1S smartphone with bitcoin full node capability.…

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