Canadian Firm to Build Blockchain-Based Supply Chain Platform for Cannabis Industry

Canada-based blockchain and crypto company DMG Blockchain Solutions Inc. (DMG) has announced the development of a global supply chain management platform for the legal cannabis industry, according to an announcement published Oct. 17. As reported by Canada’s national public news and information service CBC, the country’s government officially legalized recreational marijuana as of today. Cannabis […]

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With New Exchange Listings and Demand, New Stablecoins See Pegs Broken

Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs. Following the fiat-collateralized […]

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Europe Surpasses US and Asia in Cryptocurrency Token Sales

Europe is rapidly becoming the world’s cryptocurrency hub, with a significant amount of EUR funding being directed into cryptocurrency projects. So far this year, the value of token sales in Europe is close to exceeding that of Asia and the U.S. combined. Fabric Ventures, a venture capital fund investing in blockchain and decentralized network projects, […]

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Baidu-TRON ‘Partnership’ Involves Cloud Computing Provision, Not Blockchain

The unconfirmed “partnership” between decentralized internet project TRON (TRX) and China‘s largest internet search provider Baidu will center on cloud computing resources, not blockchain, according to a report published by ODaily October 15. The report, as cited and translated by local crypto news source CNLedger, states that Baidu Cloud and TRON have closed a deal […]

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Atari Founder Nolan Bushnell’s X2 Games Acquired by Global Blockchain

The man who created Atari has moved on to blockchain-based gaming. Neil Bushnell’s X2 Games has been acquired by Canadian-based Global Blockchain (BLOC), a crypto investment firm, in hopes that Bushnell’s expertise will lead to another gaming industry revolution — this time with the help of blockchain technology. The move will see the Canadian company […]

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Peer Stablecoins are Showing 10% Premium against a Weak Tether

A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted to other cryptocurrencies, including Bitcoin, raising their […]

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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. […]

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Singapore-based Blockchain Consortium Buys Majority Share in Bithumb

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet. BK Global Consortium is a blockchain investment firm under BK Global, a Singapore plastic surgery medical group owned by Kim Byung-Gun. The Consortium had […]

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Ethereum Price Weekly Analysis: ETH/USD’s Bearish Trend Below $207

Key Highlights ETH price declined heavily and traded as low as $184.5 against the US Dollar. There are two important bearish trend lines in place with resistance at $208 and $218 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may correct higher, but there are many hurdles near $207 and $212 […]

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Amidst Mixed Price Action, Half of Top Ten Cryptos See Green

Saturday, Oct. 13: crypto markets are seeing mixed price movements, as half of the top 20 coins by market cap have grown on the day. The overall market is relatively stable, with two major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) seeing changes in value of under 1 percent. Market visualization from Coin360 Bitcoin has been […]

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