The number of blockchain investment deals has declined for seven consecutive months

The number of blockchain investment deals has declined for seven consecutive months

According to research findings by The Block, 44 blockchain-related investment deals occurred during May 2020, a significant decline from the numbers seen last year. As shown in the chart below, the number of reported deals peaked in July 2019 – with 121 – though figures have fallen more consistently since the start of the year. The …

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Ethereum blockchain's problems include cats and Tether

Ethereum blockchain’s problems include cats and Tether

Rejoice, Ethereum Community! Your blockchain has been chosen to tokenize the rewards by one of the world’s largest social media platforms, Reddit. Despite there being thousands of other projects in the cryptocurrency ecosystem, Reddit chose Ethereum’s blockchain to reward “positive behavior.” Recently, the platform also confirmed that its tokenized rewards will migrate onto the Ethereum …

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Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Bitcoin declined for the first time in three days as traders in digital-asset markets and more traditional stocks considered the implications of U.S. President Donald Trump’s latest broadsides against China on the coronavirus and Hong Kong.  Bitcoin (BTC) was changing hands around $9,400 as of 20:00 UTC (4 p.m. ET), slipping less than a percent …

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CoinMarketCap rolls out a new ranking system for crypto market pairs

CoinMarketCap rolls out a new ranking system for crypto market pairs

Crypto market data aggregator CoinMarketCap announced Friday that it has gone live with a new ranking system for market pairs. As detailed in a blog post, CoinMarketCap will use a ranking system that combines several different factors. The site explained: “The market pairs of exchanges will now be algorithmically scored across three aspects — reported …

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GSX Group's New Digital Securities Venue Tokenizes First Client Shares

GSX Group’s New Digital Securities Venue Tokenizes First Client Shares

Gibraltar Stock Exchange (GSX) Group’s digital securities platform has tokenized the shares of a client for the first time. The recently launched blockchain-based venue, GRID, allows for the tokenization of securities using GSX Group’s native STACS network. In this inaugural issuance, shares for adtech firm tribeOS were created and distributed digitally. STACS is a scalable …

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Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency.  At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CoinDesk’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s …

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A new actively managed bitcoin hedge fund gets launched in Hong Kong

A new actively managed bitcoin hedge fund gets launched in Hong Kong

Hong Kong-based crypto asset manager MaiCapital has launched a new actively managed bitcoin hedge fund for professional investors. The “Bitcoin+ Investment Fund” is a quant fund, and aims to track and potentially outperform bitcoin’s performance in various market conditions by applying quantitative algorithms. The fund would invest in a range of bitcoin-related avenues, including bitcoin, …

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J.P Koning: Stablecoins Have a Fraud Issue They're Not Addressing

J.P Koning: Stablecoins Have a Fraud Issue They’re Not Addressing

J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog. Often described as the world’s first distributed computer, Ethereum is run by a network of independent and anonymous nodes. This setup ensures no one can be prevented …

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