Top-5 Cryptos This Week: XTZ, ATOM, XRP, XMR, BNB

The New York Digital Investment Group LLC (NYDIG) has received approval from the United States Securities and Exchange Commission (SEC) to offer its shares to institutional investors, including registered investment advisers, their clients and other eligible investors.  The fund aims to invest in cash-settled BTC futures traded on exchanges that are registered with the U.S. …

Death Spirals and BTC — What Happens When Miners Capitulate?

The stagnation of the cryptocurrency market has put Bitcoin’s (BTC) price at risk of further decline, as it struggles to recover beyond key resistance levels. A descending price increases the probability of the so-called “miner capitulation” occuring, which is said to have triggered the major BTC drop in December 2018. Late last year, the Bitcoin …

Microsoft Azure Announces Blockchain Token and Data Management Service

Microsoft’s blockchain-enabled cloud service Microsoft Azure announced new tokenization and blockchain data management services. In a post published on the official Microsoft Azure blog on Dec. 6, the IT service giant announced the Azure Blockchain Tokens and blockchain data manager. New tools for Azure blockchain users The Azure Blockchain Tokens service aims to simplify the …

Italian Copyright Authority and Algorand Develop Blockchain Ecosystem for Copyright Management

The Italian Society of Authors and Publishers (SIAE) has teamed up with Algorand to develop a new ecosystem for copyright management, based on Algorand’s recently launched blockchain platform. SIAE had already started to develop the project – with the help of “La Sapienza” University of Rome and consulting company Blockchain Core. SIAE has now decided …

‘Blockchain Is A Rapidly Maturing Technology in China’

Forkast Insights, the research arm of Asia-based Forkast, took an in-depth, comprehensive look at how blockchain technology is integrated in China. On Dec. 5, Forkast Insights presented its first report on how blockchain is being applied by the Chinese government and companies across the country. According to the report, blockchain technology is rapidly maturing and …

Kraken Cryptocurrency Exchange Adds Support For the Swiss Franc

San Francisco-based cryptocurrency exchange Kraken is adding support for its latest fiat asset, the Swiss franc (CHF). According to a blog post on Dec. 5, Kraken said that in collaboration with Liechtenstein-based Bank Frick, the Swiss franc will join the roster of fiat currencies that Kraken already supports, namely the United States dollar (USD), the Canadian …

EU Won’t Let Stablecoins Enter Market Until Risks Are Addressed

No global stablecoin project will begin operation in the European Union (EU) until the associated risks to monetary sovereignty are addressed, according to EU authorities. In a joint statement adopted by the Council of the European Union and the European Commission (EC), the Council and the Commission admitted that stablecoins may be effective at providing …

Microsoft Announces Token Collectibles on Ethereum Blockchain

Microsoft’s blockchain-enabled cloud platform Microsoft Azure announced the “Azure Heroes” blockchain non-fungible tokens (NFT) aimed at rewarding its developer community. The tokens represent cartoonish badgers (a play on the word “badge”) and aim to compensate positive behavior in Azure’s community. Each badger has a limited supply ranging from just 100 units to 10,000, Microsoft announced …