Business

Cryptocurrency Market Sees Red as Bitcoin Still Struggles Under $12,000

[ad_1] Friday, Aug. 9 — Bitcoin (BTC), Ether (ETH) and XRP are slumping along with the rest of a largely red cryptocurrency market.Market visualization. Source: Coin360Bitcoin is trading at$11,910 at press time, with approximately a 1.16% loss on the day. Bicoin has broken $12,000 three times this week, but has lost traction at or above that price point. Nonetheless, some BTC bulls are saying that the current market conditions indicate
BLOCKCHAIN

New Jersey Governor Signs Bill to Establish Blockchain Task Force

[ad_1] Governor of New Jersey Phil Murphy recently signed bill S2297, which is an act to create a so-dubbed New Jersey Blockchain Initiative Task Force. The purpose of the task force is purportedly to study blockchain solutions for the benefit of the state.The news that Murphy passed this bill comes by way of an announcement on the official site of the state of New Jersey on Aug. 8. According to
BLOCKCHAIN

Coinbase’s Professional Platform to Begin Listing Process for Algorand Token

[ad_1] Major cryptocurrency platform Coinbase is adding the Algorand protocol’s eponymous token to its professional-targeted trading platform Coinbase Pro on Aug. 14.Coinbase announced this latest addition in an official blog post on Aug. 9. The cryptocurrency exchange will scale up to full Algorand (ALGO) trading in four steps: transfer-only, post-only, limit-only and full trading. The announcement also recalls some other common procedures for adding a new token to its platform, which
BLOCKCHAIN

South Korean Holding Company Uses Ripple Fork to Develop Donations Platform

[ad_1] South Korean holding company SK C&C has unveiled plans for a donation platform that is based on a Ripple blockchain fork. Moreover, the platform will support a stablecoin linked at a 1:1 ratio to the won, as well as a utility token.South Korean news daily Chosun reported about the company’s initiative on Aug. 9. According to the report, the donation platform is still strictly in the planning phase. SK
BLOCKCHAIN

Crypto Custodian BitGo Expands Japanese Presence, Builds Team

[ad_1] Digital asset trust and security company BitGo is reportedly expanding into the Japanese market, The Block reported on Aug. 9.A source familiar with the matter told The Block that BitGo is expanding its presence in Japan. According to the report, BitGo is planning to grow its Japan-based team, including hiring a sales director for the company’s sales team in Tokyo.Per a dedicated job post published by BitGo last week,