Coindesk News

$7.5K: Bitcoin’s Price Tanks to Four-Month Low

Bitcoin’s low volatility consolidation has ended with a violent drop beyond four-month lows near $7,500. The premier cryptocurrency fell by $500 in just 15 minutes at 12:50 UTC to hit a low of $7,500 – the lowest level since June 10, according to Bitstamp data. It is currently hovering at that price. The global average …

Coindesk News

How to Watch Mark Zuckerberg’s Grilling in Congress Today

Facebook CEO and founder Mark Zuckerberg will be facing a grilling from lawmakers in Congress at 14:00 UTC (10 a.m. local time) today. In his testimony before the House of Representatives Financial Services Committee, Zuckerberg has already revealed he will addressing the Libra cryptocurrency project and other issues facing the social media giant more widely. However, …

Coindesk News

PeerNova Validates Shift to Enterprise Blockchain with $31 Million Funding

Blockchain startup PeerNova has received $31 million in a Series B round, bringing the company’s total fundraising to $74 million. Mosaik Partners led the latest investment, joined by Intuitive Venture Partners and Medici Ventures, the investing arm of retail giant Overstock, the company said. PeerNova declined to disclose any further financial details of the deal. …

Coindesk News

Securities Numbering Body Launches Task Force to Standardize Digital Assets

The Association of National Numbering Agencies (ANNA) has launched a task force to address digital asset labelings across financial markets. Announced Wednesday, the new task force will consider appropriate International Securities Identification Numbers (ISINs) employed by the International Organisation for Standardisation (ISO), an international body which promotes standardizations across global enterprises. The task force will …

Coindesk News

US Treasury to Monitor Libra Over Possible Financial Risks

The U.S. Department of the Treasury has committed to monitoring the Facebook-led cryptocurrency project Libra. The news was announced by Emanuel Cleaver, II, congressman for Missouri’s fifth district, on Tuesday. Cleaver said he’d written to the Financial Stability Oversight Council (FSOC), and the Office of Financial Research (OFR) in August calling on the regulators to “proactively examine …

Coindesk News

Bitcoin Volatility Hits 6.5-Month Low as Price Falls Back to $8,000

View Bitcoin has dropped by $300 in the last 24 hours. Even so, the outlook remains neutral as key Fibonacci retracement support at $7,850 is still intact. Bitcoin’s volatility gauge has dropped to the lowest level in over six months. The low volatility period will likely end with a big move on the higher side, …

Coindesk

Regulate Stablecoins – Don’t Squash Them

Nathan Kaiser is a founder of Eiger Law and a fellow at the Berkman Klein Center for Internet & Society at Harvard University. He has two decades of professional experience in Greater China focusing on corporate law and the convergence between technology and law. The views expressed here are his own. Recent developments with blockchain-based payments …

Coindesk News

What to Expect When Facebook’s Zuckerberg Defends Libra on Capitol Hill

Once again, Facebook will face the fire on Capitol Hill on Wednesday, with the Libra cryptocurrency project taking center stage. Mark Zuckerberg, the social media giant’s founder and CEO, will testify before the House of Representatives Financial Services Committee, arguing that Libra will benefit unbanked individuals and that the U.S. should allow Libra to launch. …

Coindesk News

Former World Gold Council Exec Develops New Bitcoin ETF

The former managing director of the World Gold Council and the portfolio manager behind SPDR Gold Shares is developing a bitcoin exchange-traded fund (ETF) with boutique asset manager Kryptoin Investment Advisors. The Cayman Islands-based firm has filed an initial registration statement with the U.S. Securities and Exchange Commission (SEC). The fund, in development for two …

Coindesk

ING Bank Devises Privacy Fix for R3’s Corda Blockchain

ING, the Netherlands megabank blazing a trail with extra privacy measures for enterprise blockchains, has come up with such a solution for the Corda distributed ledger system built by R3.  Announced Tuesday at the annual developer conference CordaCon, ING has helped solve a security/privacy trade-off that currently bedevils Corda users. The bank’s blockchain team did …