Someone Just Moved $1 Billion Worth of Bitcoin

September 10, 2019  /  by Ronald Tichenor
Eagle-eyed crypto enthusiasts spotted some unusual Bitcoin activity yesterday when $1 billion worth of Bitcoin was moved to a newly created address.  The transaction was completed on Friday, Sept. 6 at 3:30 a.m. London time from several addresses to a newly created one. A $700 transaction fee was paid, which was a much higher rate… Read more

Binance Expecting Altcoin Boom

September 10, 2019  /  by Crypto.IQ
Global cryptocurrency exchange Binance believes that Bitcoin market dominance will drop below 60 percent sometime soon. According to Binance Research, the analytics arm of the popular exchange, Bitcoin’s dominance of the cryptocurrency environment is just for the short term and is not going to last forever. The exchange’s officials claim that investors are now putting… Read more

Twitter CEO Says There Are No Plans To Create A Twitter Cryptocurrency

September 9, 2019  /  by Crypto.IQ
Twitter’s CEO, Jack Dorsey, has confirmed that he doesn’t intend to create a Twitter cryptocurrency. Dorsey has indicated that it is better to have an autonomous open-source digital currency such as Bitcoin instead of centralized cryptocurrencies. No plans to have “TwitCoin” Dorsey told The Sydney Morning Herald that open internet standards could serve everyone better… Read more

Paxos Launches Game Changing Gold Backed Token

September 9, 2019  /  by Crypto.IQ
Paxos, the operator of the itBit cryptocurrency exchange and the issuer of the popular Paxos Standard (PAX) stablecoin, has launched a gold-backed token called PAX Gold (PAXG). Bearing the ticker PAXG, each token is backed by 1 ounce of gold stored in a London vault. The token has been issued on the Ethereum blockchain, similar… Read more

Tether Looks to Launch Commodity Backed Stablecoin

September 6, 2019  /  by Crypto.IQ
Tether is looking into launching a version of a digital currency backed by a basket of commodities which would include gold, crude oil, and rubber, according to Zhao Dong, an investor of Bitfinex. Launched in 2014, Tether is the leading fiat-pegged digital currency in the market with a market cap of over $4 billion. However… Read more

Facebook’s Libra Faces Threat From Potential Amazon Cryptocurrency

September 6, 2019  /  by Crypto.IQ
Since the launch of Facebook’s cryptocurrency Libra, several other projects have launched as potential competitors to the crypto. However, in a report by financial analytics company Cindicator, analysts indicated that the biggest threat to Libra could come from Amazon’s secretive crypto. Projects that have since launched include Venus and Metal Pay. Venus aims at developing… Read more

VanEck to Offer Bitcoin ETF Workaround

September 6, 2019  /  by Crypto.IQ
As VanEck Securities and SolidX Management wait for the green light from the U.S. Securities and Exchange Commission (SEC) on their Bitcoin ETF proposal, they are rolling out a ‘limited’ version to institutions. The modified investment product will be offered through an SEC exemption — a first for the cryptocurrency industry. Van Eck Provides Institutional… Read more

XRP Community Threatening Fork Over Ripple’s Constant XRP Sales

September 3, 2019  /  by Crypto.IQ
XRP investors have been growing increasingly frustrated with Ripple due to reports that the company has been consistently selling significant amounts of XRP holdings onto the markets. The frustration appears to have reached a boiling point, as one prominent XRP investor is now rallying the community to fork the cryptocurrency. A and Twitter user… Read more

China Digital Currency Set to Launch But BitMEX CEO Hayes Issues Warning

August 30, 2019  /  by Crypto.IQ
The Chinese Central bank is expected to launch its cryptocurrency dubbed “China Coin” in the next few months. The coin is expected to be offered to seven fintech giants in the country. Among the firms that will be allowed to use the “China Coin” are UniPay, Tencent, and Alibaba. The coin is expected to be… Read more

IDEX Users Adopting New KYC Requirements

August 29, 2019  /  by Crypto.IQ
Ethereum based exchange, IDEX last week ended anonymous trading on its platform, having finalized the integration of KYC and AML protocols. Starting from last Friday, all customers would need to complete KYC and create an account before they are allowed to trade cryptocurrencies. IDEX received plenty of criticism from privacy advocates after the plan was… Read more