OKCoin to Issue Chinese Yuan-Backed Crypto – Are There Too Many Stablecoins?

OKCoin to Issue Chinese Yuan-Backed Crypto – Are There Too Many Stablecoins? In spite of depressed prices and an absence of liquidity and volume in the crypto market, stablecoins, cryptocurrencies tied to the value of a non-volatile asset, have become the flavor of the month. OKCoin Founder Star Xu Announces Chinese Yuan-Backed Crypto OKGroup founder…

Report: Harvard, Stanford, MIT Endowments All Invest in Crypto Funds

Report: Harvard, Stanford, MIT Endowments All Invest in Crypto Funds Multiple Ivy League and other prestigious U.S. universities are said to have made investments into “at least” one cryptocurrency fund. The report was published by the technology news site Information Wednesday, Oct. 10. Citing an unnamed source, the Information reported that the multi-billion endowments of Harvard University, Stanford University,…

Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’

Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’ Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling. This is according to several reports today, Oct. 11. While the exchange has not specified a reason for the suspension, it states that deposits are “expected to…

Wallet Provider Blockchain Hires Bank Exec for Global Regulatory Push

Wallet Provider Blockchain Hires Bank Exec for Global Regulatory Push Crypto wallet provider Blockchain has hired a former bank executive to augment its legal team. Ben Melnicki, formerly Noble Bank’s chief compliance officer, has taken on the position of global regulatory counsel at the Luxembourg-based firm, Blockchain announced Thursday. In his new role, Melnicki will…

Crypto Markets Shed Almost $20 Billion as Major Coins See Double-Digit Losses

Crypto Markets Shed Almost $20 Billion as Major Coins See Double-Digit Losses Thursday, Oct. 11: markets have taken a steep downturn, even as onlookers had lately been pointing to a period of stable price action in the crypto sphere. Virtually all of the top 100 cryptocurrencies are in the red, with several top-market altcoins losing double-digits in percentage value.…

Twitter Let a Fake Elon Musk Account Promote a Crypto Scam

Twitter Let a Fake Elon Musk Account Promote a Crypto Scam A verified Twitter account masquerading as Elon Musk was used to publish and circulate a promoted tweet for a crypto giveaway scam Thursday morning, prompting an outcry from users and renewed scrutiny of the social media platform’s anti-scam practices. The since-deleted tweet was posted through the account…