Category Archives: Cryptocurrency News

S&P Dow Jones Indices will launch cryptocurrency indices in 2021

The management of S&P Dow Jones Indices (S&P DJI), a division of the US market index provider S&P Global, announced that it will launch 550 cryptocurrency indices in 2021. The data provider will be Lukka, a New York-based digital currency company. S&P DJI’s director of strategic development and innovation, Peter Roffman, said the initiative would make it easier for investors to access cryptocurrencies as an asset class. This can partially reduce the volatility of the…

NYDIG Has Raised $150 Million To Launch Two Cryptocurrency Investment Funds

New York Digital Investments Group (NYDIG) raised $ 150 million to launch two new cryptocurrency funds. The money was received from three institutional investors. NYDIG Digital Assets Fund I raised $ 50 million from institutional investors and NYDIG Digital Assets Fund II raised $ 100 million in two filings with the US Securities and Exchange Commission (SEC). A source familiar with the situation confirmed that Fund I invests exclusively in bitcoin. This is NYDIG’s latest…

Stablecoin regulation bill submitted to US Congress

Three U.S. congressmen have introduced new legislation to regulate stable cryptocurrencies, including Facebook’s Diem project, formerly known as Libra. Rashida Tlaib, Jesus Garcia and Stephen Lynch were involved in the drafting of the Stable Coin Pegging and Bank Licensing Act (STABLE). The bill should “protect consumers from the risks associated with new digital payment instruments such as Facebook’s Libra and other stablecoins available in the market. It will regulate the issuance of stablecoins and related…

Libra Association will rename the Libra stablecoin to Diem

The Libra Association will rebrand the Libra project to distance itself from Facebook’s original concept. Stablecoin will be renamed Diem. Libra Association members reported that Diem is Latin for “day”. The name symbolizes a fresh start and the stablecoin’s readiness to launch next year. Today the Association consists of 27 members. The organization has already formed a team of leaders. Dahlia Malkhi will be Chief Technology Officer, Christy Clark will be Head of Human Resources,…

Research: a third of ICO investors consider themselves cheated

According to analyst firm Xangle, a third of US retail investors who take part in initial token offerings (ICOs) consider themselves cheated. Xangle conducted a survey among 600 users who participated in the ICO between 2017 and October 2020. Judging by this period, Xangle specialists did not limit themselves to investors who were covered by the ICO boom. Only 22% of the respondents invested in ICOs in 2017, while in 2018 35% of investors were…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Ethereum user solved a riddle in the Warsaw metro and got 7 ETH

The riddle with a prize of 7 ETH, placed in the Warsaw metro, was solved by one of the community members. The authors of the riddle were organizers of events for blockchain developers. In mid-November, an advertisement was placed in the metro station of the Polish capital calling for solving the riddle and getting 7 ETH. According to the organizers of the competition, the puzzle was successfully solved, and the user received a prize. On…

Tezos Will Implement Zcash Privacy Features

Tezos developers are planning a network update called Edo. The implementation of the Zcash Sapling library will allow hiding transactions on the Tezos blockchain. According to the statement, developers Tezos Nomadic Labs, Marigold and Metastate have submitted several proposals for the next network update – Edo. The update will bring privacy features and other improvements: “No other major smart contract platform supports these features yet, but we can add these tools directly to the blockchain.”…

Financial Times: Facebook Libra stablecoin to launch in January 2021

The Facebook Libra stablecoin will launch in January 2021 despite regulatory concerns. Libra will initially be backed by US dollar only at a 1: 1 ratio. According to the Financial Times, the Libra stablecoin may be launched early next year. The publication refers to the information of anonymous sources – “three people participating in the initiative.” The stablecoin will be pegged 1: 1 to the US dollar. Last September, Facebook unveiled the official list of…

Ethereum developer has proposed a new way to combine ETH 1.0 and ETH 2.0

Ethereum developer Mikhail Kalinin has published a new proposal, which describes the possibility of embedding ETH 1.0 data into the Ethereum 2.0 “signal chain”. With the Beacon Chain Ethereum 2.0 launch approaching, developer Mikhail Kalinin has posted a new proposal that aims to rid the network of “unnecessary complexity” and help unify the original Ethereum blockchain with the new Proof-of-Stake version of ETH 2.0. Ethereum 2.0 is slated to launch on December 1 and will…