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Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD...

Bloomberg calls Bitcoin a bubble yet again, and Facebook is seemingly looking for $1 billion from VC firms for its stablecoin. Top Stories This WeekNYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with the matter, said that Facebook is seeking $1 billion to develop its cryptocurrency project, which itself has not been publicly confirmed by the company. The Times reporter also noted that the project involves a stablecoin that would be pegged to a basket of foreign currencies held in bank accounts. Chinese Traders Pay Extra for Bitcoin Through OTC Desks Amid Crypto Market Surge Local Chinese social media sources said that Bitcoin’s (BTC) price surge last week has led Chinese traders to pay a premium in order to t..

Hodler’s Digest, April 1–7: Top Stories, Price Movements, Quotes and FUD...

This week, PayPal ventured into blockchain for the first time, and Coinbase turns to cross-border payments. Top Stories This WeekPayPal Invests in Digital Identity-Focused Blockchain Startup in Apparent First Global online payments firm PayPal has invested in startup Cambridge Blockchain, a firm that focuses on leveraging the tech in order to give users more control over their digital identities. The investment, whose amount is undisclosed, is part of an extension to a Series A funding round that had raised an initial $7 million in May 2018. The United States Securities and Exchange Commission (SEC) has stated that Cambridge Blockchain raised a total of $3.5 million in new equity since May 2018. Cambridge Blockchain has notably joined major players such as Microsoft, IBM, Mastercard, and Accenture to collaborate under the canopy of a non-profit organization dubbed the Decentralized Identity Foundation. SEC Staff Publish Framework for Determining If Digital Assets Are Investment Contra..

Hodler’s Digest, March 25–31: Top Stories, Price Movements, Quotes and FUD...

This week saw the hacks of several large cryptocurrency exchanges, while the SEC pushed back their BTC ETF decision. Top Stories This WeekOwner of ICO That Never Happened Attempts to Sell Project on eBay for $60,000 The owner of a crypto-related startup dubbed Sponsy, which never launched its initial coin offering (ICO), is attempting to sell the project on eBay for $60,000. The project is described as a blockchain-related identity that is able to launch both an ICO and a security token offering (STO), with the author of the posting claiming that the project was both audited by an investment firm and approved by several investment banks. Sponsy also claims to have a solid social presence, although its Twitter and Facebook page posts have around ten likes on average. The eBay poster noted in an interview that he lost out on the ICO craze by taking time to develop a product, rather than first launching an offering. Over 130-Year-Old Liquor Company William Grant & Sons to Track Whiskey o..

Hodler’s Digest, March 11–17: Top Stories, Price Movements, Quotes and FUD...

In this week’s Hodler’s Digest, Jay Clayton may not consider ETH to be a security, but the CBOE is over BTC futures contracts for now. Top Stories This WeekU.S. District Attorney Charges OneCoin Founders With “Billions” in Alleged Fraud The founders of international cryptocurrency pyramid scheme OneCoin have been charged by a United States district attorney. Both Konstantin Ignatov and his sister Ruja Ignatova were reportedly arrested on March 6 in Los Angeles after being accused of “wire fraud, securities fraud, and money laundering offenses” after luring investors into putting billions of dollars into the fraudulent OneCoin cryptocurrency. The crypto organization — established in 2014 and based in Sofia, the capital of Bulgaria — works as a marketing network in which members receive commissions for attracting potential buyers to buy into the cryptocurrency, with reportedly over 3 million members globally. U.S. SEC Chairman Jay Clayton Confirms ETH Is Not a Security Jay Clayton, the ..

Hodler’s Digest, March 4–10: Top Stories, Price Movements, Quotes and FUD...

In major news this week, university students seem to be making a profit mining crypto, and Jack Dorsey buys $10,000 of BTC a week. Top Stories This WeekResearch: ‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners According to research from tech conglomerate Cisco, college campuses are the second-largest crypto miners across industry verticals. The researchers investigated crypto mining activities across a variety of industries, finding that university campuses are ranked the second-biggest miners of digital currency at 22 percent, with the energy and utilities sector in first at around 34 percent. According to the research, the increasing mining difficulty for many cryptocurrency means that a higher amount electricity is needed, making it profitable for students to mine since the university pays their electricity costs. ‘Coffee for Bakkt’? Starbucks Equity Deal Will See Crypto-Based Payments, Source Claims An unconfirmed report about Starbucks’ partnership with..

Hodler’s Digest, Feb. 25–March 3: Top Stories, Price Movements, Quotes and...

Facebook is getting serious about crypto, Samsung’s new smartphone will support more cryptos, and more in this Hodler’s Digest. Top Stories This WeekNasdaq Begins Listing Brave New Coin’s Bitcoin and Ethereum Price Indexes Nasdaq, the world’s second-largest stock exchange, began its live listing of two crypto price indexes from United States blockchain and crypto market data company Brave New Coin (BNC) this week. The listings, which had been announced earlier this month, are BNC’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX). According to the announcement, the indexes will show reference rates for the price of 1 BTC and 1 ETH, quoted in USD and refreshed every 30 seconds. Brave New Coin has also announced future plans to add another index for tracking the price of Ripple (XRP). Samsung Announces Galaxy S10 Crypto Partners, Bitcoin and Ethereum Support South Korean tech giant Samsung’s new Galaxy S10 smartphone will reportedly have crypto wallet functions for both Ether..

Hodler’s Digest Feb.18-24: Top Stories, Price Movements, Quotes and FUD of...

Samsung’s new smartphone will have storage for crypto private keys, and Elon Musk thinks Bitcoin has a brilliant structure. Top Stories This WeekTesla CEO Elon Musk Compliments Bitcoin’s Structure, Sees Future With No Paper Money Elon Musk, tech entrepreneur and CEO of Tesla, said this week in an interview that Bitcoin’s (BTC) structure is “quite brilliant.” Speaking to advisory services firm ARK, Musk noted that digital currency is “a far better way to transfer value than pieces of paper.” However, Musk did point out some of the downsides of crypto, namely that it is energy-intensive computationally, but added that Tesla resources could help bring about the use of sustainable energy in crypto. Last year, Musk had noted that he only owned 0.25 BTC that a friend had given him a few years before. Ethereum Co-Founder Vitalik Buterin Discloses Non-Ethereum Cryptocurrency Holdings Ethereum (ETH) co-founder Vitalik Buterin this week took to Reddit in the spirit of transparency and shared a ..

Hodler’s Digest, February 11–17: Top Stories, Price Movements, Quotes and FUD...

Fundstrat Global Advisors thinks that crypto prices can see higher price points, and JPMorgan plans to launch its own coin. Top Stories This WeekFundstrat Global Advisors Expects 2019 to Bring More Institutional Investors to CryptoAccording to a report on the 2019 crypto outlook released by New York-based research company Fundstrat Global Advisors, incremental improvements in the crypto space can provide support for higher prices for cryptocurrencies. The report notes that as the United States dollar is expected to weaken, and more institutional investors enter the space, a visible market recovery can be expected. Fundstrat states that the current year’s crypto hangover can be attributed to the waning interest in the initial coin offering (ICO) sector as well as adverse regulatory achievements. JPMorgan Chase Launches JPM Coin to Increase Settlement Efficiency in Three OperationsUnited States banking giant JPMorgan Chase announced this week that it was planning to launch its own digit..

Hodler’s Digest, February 4–10: Top Stories, Price Movements, Quotes and FUD...

The mystery around embattled crypto exchange QuadrigaCX deepens, and Facebook acquires a blockchain startup. Top Stories This WeekFacebook Reportedly Acquires Blockchain Startup in First Blockchain-Related Acquisition Social media network Facebook has reportedly acquired blockchain startup Chainspace in its first apparent blockchain-related acquisition. According to news outlet Cheddar, the acquisition is considered an “acquihire,” or an acquisition of a company made in order to get the skills or expertise of its staff, as opposed to the company’s service or products. According to Cheddar, four of the five researchers that worked on Chainspace’s academic white paper will be joining Facebook. Facebook had told Cheddar that it had not acquired any of Chainspace’s technology. Leaked Mt. Gox Info Purports to Show $318 Million in Bitcoin, Bitcoin Cash on BitPoint According to leaked documents reportedly showing the rehabilitation proceedings of defunct cryptocurrency exchange Mt. Gox, the ..

Hodler’s Digest, Jan. 28 – Feb. 3: Top Stories, Price Movements,...

Iran could soon release its state-backed coin, and Gemini announces it will complete further security compliance reviews. Top Stories This WeekSWIFT Reveals Plans to Launch Proof-of-Concept With Blockchain Consortium R3 Major global banking payments network SWIFT announced plans this week to develop a Proof-of-Concept of a gateway that will let blockchain consortium R3 link to GPI (Global Payments Innovation) payments from their platform. According to SWIFT, users of the R3 platform will be able to authorize payments through the new GPI Link, settling GPI payments with the users’ banks, with the credit confirmation reported back to the trade platforms via GPI Link. Crypto Exchange Gemini Completes Security Compliance Review from Deloitte Gemini crypto exchange, which was founded by brothers Cameron and Tyler Winklevoss, completed a security compliance review by Big Four auditing firm Deloitte this week. According to their announcement, Gemini is the first in the crypto industry to com..
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