USD Is the Most Actively Traded Fiat Against Cryptocurrencies, Study Says

Management and technology consulting firm GreySpark has found that U.S. dollars are the most actively traded fiat currency against cryptocurrencies in a new study published September 4. The study focuses on the recent popularity of cryptocurrencies that went viral in late 2017, when Bitcoin’s (BTC) price peaked at $20,000. GreySpark experts found that crypto prices correlated with Google search interest. For instance, the fluctuation in the price of Bitcoin (BTC) between $19,000 and $20,000 corresponded with the record-breaking amount of searches for “Bitcoin” and “cryptocurrency”, the study outlines. Correlation between…

Scattered Gains Bring Respite after Midweek Crash, But Many Alts Continue to See Losses

Friday, September 7: after the midweek bloodbath, crypto markets have slightly stabilized today, although many coins continue to shed value, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,430 at press time, down just under one percent on the day, according to Cointelegraph’s Bitcoin Price Index. Despite a bullish start to September, Bitcoin’s price decline set in this Wednesday, September 5. Since then, the leading cryptocurrency has spiralled downwards from a high of $7,391 to over $1,000 less at its intraday low today at…

Major Mining Pool F2Pool Publishes List of Minimum Prices for Profitable Crypto Mining

The CEO of China-based crypto mining pool F2Pool posted a company-branded infographic September 6 that indicates at what minimum price points the mining of various cryptocurrencies becomes unprofitable. Shixing Mao, co-founder and CEO and of the world’s sixth largest mining pool F2Pool, published a list of price levels for major cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Zcash (ZEC) below which mining said currency with various different miners allegedly becomes unprofitable. According to Mao’s graphic, if Bitcoin’s price hits lower than 36,792 yuan (about $5,376) point, this…

Energy Firm ENGIE Partners With Consulting Firm to Create Blockchain Software Offering

French electric utility company ENGIE and consulting firm Maltem Consulting Group have jointly established a blockchain development firm designed for commercial customers, according to a press release published September 7. The new project called Blockchain Studio received seed funding totalling €1.9 million (around $2.1 million). Blockchain Studio has created a software suite for commercial enterprises comprised of two fundamental tools. One tool is focused on the development of smart contracts and enables its application by users without technical background. The other tool manages the creation of cloud-based or server-based blockchain…

XRP Faces Tough Battle against Selloff

On Friday, Sept. 7, the Ripple price (XRP) is recovering, although the intraday outlook is still mixed. Ripple is trading around 0.2905. Fundamentals XRP news are mostly neutral. This week, TransferGo launched a payment channel to India based on XRP technology, which will enable real time transactions. The channel is going to be available across Europe and, going forward, will enable avoiding most current payment methods where transactions take around two or three days. It is yet unknown which XRP product TransferGo is using, but the reason for basing the…

Crypto, Blockchain Companies Shine in LinkedIn’s Top 50 U.S. Startups

LinkedIn has been keeping its finger on the pulse of the United States’ most thriving startups, and crypto organizations are showing tremendous signs of life — and growth. The business and employment social media site released its LinkedIn Top Startups list this Thursday, September 6, 2018. Split into two articles, the list details the U.S.’s most dominant startups, weighing each company’s worth with in-house data that looks at “employee growth; jobseeker interest; member engagement with the company and its employees; and how well these startups pulled talent from [the company’s]…

China’s Supreme Court Recognizes Blockchain Evidence as Legally Binding

Blockchain can now be legally used to authenticate evidence in legal disputes in China, according to the country’s Supreme People’s Court. The court released new rules on Friday – that take immediate effect – clarifying various issues relating to how internet courts in China should review legal disputes. Part of the new regulation specifies that internet courts in the country shall recognize the legality of blockchain as a method for storing and authenticating digital evidence, provided that parties can prove the legitimacy of the technology being used in the process. “Internet…

Wyre Acquires Bitcoin Smart Contract Derivatives Platform Hedgy

Crypto payments startup Wyre has acquired 100 percent of Hedgy, a venture-backed bitcoin smart contract development firm, for an undisclosed sum. The deal will help Wyre broaden the scope of the services it provides to crypto startups, the company’s co-founder and COO Ioannis Giannaros told CoinDesk. Wyre provides cross-border payments using bitcoin, ethereum, litecoin and other cryptocurrencies to settle transactions. Specifically, acquiring a smart contract platform will aid Wyre provide a wider financial ecosystem to crypto startups, according to Giannaros, with access to financial instruments such as forward contracts, swaps and more. Wyre…

$6K Ahead? Bitcoin Price Plunges After Brief Recovery

For bitcoin, the path of least resistance is to the downside. At press time, the leading cryptocurrency is trading at $6,340 on Bifinex – down 3 percent from the high of $6,550 hit earlier today. The bulk of that loss came amid a dramatic drop over almost $100 in an hour soon before press time. The minor recovery from the previous day’s low of $6,300 was likely a product of oversold conditions reported by the short duration relative strength index (RSI) yesterday. More importantly, the fact that the gains were…

Are Big Crypto Token Sales Really Over? At Republic Event, Many Think So

The ICO is over. At least that’s what the market keeps hearing, and what was floated during the very first panel – called “The Death of the Main Sale” – at RepubliCon in Manhattan on Thursday.  The event, hosted by crowd investing platform Republic, saw a number of crypto industry stakeholders discuss the cooling (by some measures) of the hype around the nascent fundraising mechanism called an initial coin offering. Indeed, July was a slow month, with CoinDesk’s ICO Tracker showing that project founders didn’t manage to break even a…