Fifth Largest Crypto Exchange Huobi Lists Four USD-Backed Stablecoins, Following OKEx

Another major crypto exchange Huobi has announced the listing of four stablecoins at once, according to an official statement Tuesday, October 16. Starting Friday, Oct. 19, the fifth largest crypto exchange by trading volume will start accepting deposits of four USD-backed stablecoins – Paxos Standard (PAX), TrueUSD (TUSD), USDCoin (USDC), and Gemini Dollar (GUSD). The Huobi Global team noted that the stablecoins are already available on Huobi Wallet, while the launch time and other details are set to be announced at a later time. Huobi also stated that they will…

Telegram to Debut ‘Test Version’ of Blockchain Platform TON ‘This Autumn,’ Say Investors

Encrypted messenger service Telegram will release a test version of its blockchain-based TON platform “this autumn,” Russian media outlet Vedomosti reports Tuesday, Oct. 16. Speaking to the publication, investors “confirmed” the authenticity of a circular sent to participants in TON’s Initial Coin Offering (ICO) at the start of September. In the circular, the company said that the platform’s blockchain component was currently under development, with “70 percent” of the product already finished, the publication claims. Once in operation, TON will also make use of its in-house cryptocurrency, Gram, and will…

Coinbase Opens Office in Ireland as Part of Brexit Contingency Plan

San Francisco-based cryptocurrency exchange Coinbase has opened a new office in Dublin, Ireland, according to an announcement published Oct. 15. In addition to helping expand its operations in Europe, the new Irish offices are reportedly part of a contingency plan for when the U.K. leaves the E.U. Per the announcement, the Dublin team will take on a number of new business-related functions, while London will remain Coinbase’s main office in Europe. The Irish Minister for Financial Services and Insurance Michael D’Arcy commented on the exchange’s expansion: “I am delighted that…

Crypto Payment Platform BitPay Introduces Settlement in Stablecoins

U.S.-based cryptocurrency payment processor BitPay has started accepting stablecoins, according to an announcement published Oct. 15. The company now allows its merchants to receive settlements in Gemini Dollars (GUSD) and Circle USD Coin (USDC). Founded in 2011 in Atlanta, Georgia, BitPay provides payment services with Bitcoin (BTC) and Bitcoin Cash (BCH) with a customer base of 20,000 businesses globally. GUSD and USDC are Ethereum (ETH) blockchain-based stablecoins issued by regulated crypto exchanges Gemini and Circle. The value of each of these coins is tied to the value of the U.S.…

Investment Giant Fidelity Launches Digital Assets Services Targeting Institutional Investors

U.S. investment firm Fidelity has announced the launch of a new company, Fidelity Digital Asset Services, according to an Oct. 15 press release. The new company will offer custody and trade execution services for digital assets, targeting institutional investors like “hedge funds, family offices and market intermediaries.” According to the press release, Fidelity Digital Assets will provide a “secure, compliant, and institutional-grade omnibus storage solution for bitcoin, ether and other digital assets.” Cointelegraph will update this story as it continues. Source link

Sony Develops Blockchain Solution for Rights Management with Internal Partnerships

Japanese technology multinational Sony revealed it is working on a blockchain-powered extension of its digital rights management system Monday, Oct. 15. The project is a joint endeavor with both Sony Music Entertainment Japan and Sony Global Education. The as yet unnamed project — the commercialization of which is currently being “considered” — specifically targets “managing rights-related information of written works.” The announcement comes around a year after Sony announced its original blockchain product for education data, when it partnered with fellow technology giant IBM. The press release notes that this…

Ethereum’s Constantinople Hard Fork Faces ‘Consensus Issue’ in Testing

An alleged “consensus issue” in the testing of a planned hard fork of Ethereum, called Constantinople, has caused a testnet to be “not usable,” according to a tweet from Ethereum blockchain infrastructure firm Infura October 13. Infura’s tweet also advises developers to use other testing networks while the Ethereum developer community is “investigating” the issue. As reported by multiple Ethereum developers the hard fork became active on the Ropsten testnet Oct. 13 at block 4,230,000. However, the testing reportedly caused a “consensus issue on ropsten,” which led Ethereum developer Afri…

“99 Percent of Cryptocurrencies are Worth Zero”

The interview has been edited and condensed. Nouriel Roubini is a New York-based economist that famously predicted the 2008 financial crisis when only a few considered there might be a threat to the existing course of events at the time. A Harvard alumnus and now a professor at NYU Stern School of Business, Mr. Roubini has always been critical of the crypto and blockchain industry. Oct.11, 2018 he testified at the Congressional hearing on Capitol Hill, Washington D.C., warning U.S. senators about “the mother or father of all scams and…

The European Blockchain Partnership Finds Europe Getting Serious About Distributed Ledger Technology

On April 10, 2018, 21 EU member states and Norway signed up to create the European Blockchain Partnership. Including the UK, France, Germany, Sweden, the Netherlands and Ireland, they committed themselves to “cooperate in the establishment of a European Blockchain Services Infrastructure (EBSI) that will support the delivery of cross-border digital public services, with the highest standards of security and privacy.” Since April, a further five nations have joined the Partnership, with Italy becoming the latest to do so after it signed the Partnership’s Declaration in September. As a member,…

TRON, Bitcoin, Litecoin, EOS, Cardano

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. On October 11, the total market capitalization of the cryptocurrencies plunged below $200 billion for the first time since September 20, as a global risk-off trade led investors to dump their holdings. However, the encouraging sign is that the sell-off was short-lived and…