Send is gearing up for the pre-sale of a digital token that seeks to offer price stability, the company said in an announcement. Through a Send Consensus Network and a liquidity formula, the token keeps a stable reference price – and solves some of the...
Eric Ly, a LinkedIn co-founder, is raising money for a token tied to a future platform called ICOHub, CoinDesk reported. The Hub Token has raised just over $13.5 million in a Simple Agreement for Future Tokens (SAFT) sale. In all, $20 million is being offered...
Shares of Square have risen almost 50 percent, adding about $8 billion in market value, since the company launched bitcoin trading last year for its Cash App customers. Square’s founder and chief executive, Jack Dorsey, helped to enable merchants to accept bitcoin as a payment...
The Verge XVG cryptocurrency has reportedly been exploited through another hack, The Next Web reported. This time, it appears that hackers have made off with about 35 million XVG coins. According to the latest CoinMarketCap price, those coins were worth more than $1.7 million. The theft...
Bitcoin buyers beware: A new report in The Wall Street Journal has found hundreds of tech firms are using deceptive or fraudulent tactics to attract investors. After reviewing 1,450 documents downloaded from three popular websites that track coin offerings, the Wall Street Journal discovered 271...
Square’s stock fell almost 4 percent on Monday (April 30), after a short seller tweeted that the company’s bitcoin efforts might be overhyped, CNBC reported. “SQ-Cash to BTC trading has been insignificant,” Citron Research tweeted. “Even w/ hyper growth still 40% too rich.” In addition, the...
The Federal Reserve Bank of St. Louis isn’t buying into the belief that because bitcoin isn’t tied to a real-world commodity, it shouldn’t have any monetary value. In a blog post titled “Three Ways Bitcoin is Like Regular Currency,” the St. Louis Fed argues that...
Following an investigation in China, police have taken in multiple suspects in connection with a supposed blockchain pyramid scheme, Cryptovest reported. According to reports, the schemers said that those who invested 3 million yuan could earn 80,000 yuan per day. Authorities said that 86 million...
A crypto startup that seeks to create a “stable coin” has notched a whopping $133 million funding from some big names, TechCrunch reported. Basis, which is seeking to create a coin whose value will stay at around $1, raised the funds from the likes of...
