Bitcoin 

Bitcoin Price Back Above $8K as Pound Sterling Rises on Brexit Deal

Bitcoin (BTC) climbed back above $8,000 on Oct. 17 as news the United Kingdom had agreed on a deal with the European Union over Brexit ricocheted through markets. Cryptocurrency market daily overview. Source: Coin360 Bitcoin Price Reclaims $8K Data from Coin360 showed Bitcoin behaving more like the pound sterling (GBP) on Thursday, gaining 1.3% against the dollar to trade around $8,100. Previously, its trading range had remained under the $8,000 boundary since arriving there on Wednesday amid heavy selling pressure.  As has become characteristic of Bitcoin in recent months, sudden…

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Ethereum 

Ex-Ethereum Advisor Nerayoff Loses Techstars Deal After Extortion Charges

Startup accelerator Techstars has cancelled its year-old partnership with the firm owned by early Ethereum advisor Steven Nerayoff. Techstars ditches the joint accelerator According to cryptocurrency news outlet The Block on Oct. 8, Nerayoff’s arrest on suspicion of extortion had forced Techstars to reconsider its association with Alchemist, a blockchain advisory startup. The two joined forces in July 2018, creating the Alchemist Blockchain Techstars Accelerator based in New York. Last month, Nerayoff was arrested in connection with the alleged plans to bring down another United States startup. Together with Michael…

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Bitcoin 

Unconfirmed: Bithumb Acquisition Deal Might Be ‘Off’

Overseas investors are reportedly likely to step in to acquire South Korean crypto exchange Bithumb due to alleged difficulties with payments in its existing acquisition deal. As Cointelegrap reported previously, BK Global Consortium, a firm headed by one of South Korea’s leading plastic surgeons, closed a deal in Oct. 2018 to acquire 50% plus one share of BTC Holding Co. — the largest investor in Bithumb’s operator — for 400 billion won ($352 million). However, a fresh report from local news agency Yonhap on Sept. 30 suggests that BK Global…

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Bitcoin 

3 Reasons Why Today’s Bitcoin Product Launch Is a Big Deal

Following the launch of Bakkt’s Bitcoin (BTC) futures, the company listed three reasons why the event is an important milestone for the industry. In a statement on Sept. 23, Bakkt CEO Kelly Loeffler emphasized that the successful launch of Bakkt Bitcoin Futures contracts is the first time when United States-regulated physically-settled Bitcoin futures became available. Loeffler pointed out that the sole fact that such a product now exists may matter more than the precise details of the initiative. Loeffler: Regulated markets accelerate the adoption of digital assets Stressing that the…

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Ethereum 

‘We Don’t Deal in the Speculative’

Amazon would only consider discussing the creation of its own cryptocurrency like Facebook’s Libra in several years’ time, a senior executive said at a conference on June 10. Speaking at Fortune’s Brainstorm Finance 2019 event, Patrick Gaulthier, vice president of Amazon Pay, said the kind of value transfer system Facebook unveiled this week was a step too far in the current climate. “It’s fresh, it’s speculative; at Amazon, we don’t really deal with the speculative, in the now,” he said. Facebook continues to cause a stir in cryptocurrency, financial and…

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Ethereum 

Phillipine Government Tech Department Signs Deal With Blockchain Firm

The Department of Information and Communications Technology (DICT) of the Philippine government has signed a Memorandum of Agreement (MoA) with U.S.-based blockchain firm Monsoon Blockchain Storage, according to a report by GMA News Online on June 19. The MoA reportedly stipulates that Monsoon is to act as a blockchain consultant and advisor to DICT, offering services such as cost-benefit and socio-economic analyses regarding blockchain solutions in the Philippines. DICT Acting Secretary Eliseo Rio Jr. commented on how the MoA will benefit the Philippines, saying it will “directly benefit our continuous…

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