Though the launch of Block.one’s decentralized social media platform, Voice, has yet to be announced, the company is hard at work figuring out how it can profit from the inflation of the platform’s token and use those profits to fund Voice’s development.
The index, provided by Cryptoindex, will take into account the “collective sentiments” expressed on social media platforms and within news coverage and will allow traders to view the top 100 performing cryptocurrencies.
Despite legal issues for US investors, many corporations are turning to initial exchange offerings to raise funds, and global investors are seeing plenty of returns.
To help mitigate losses in the volatile crypto market, Coinbase has suggested investors use a dollar cost averaging method, which smooths out drops and upticks in the market over time. In other words, the exchange wants people to apply a standard investing strategy to a not-so-standard asset.
In order to bring in talented crypto-analysts, investment firm BlockTower Capital is asking individuals to submit a written investment recommendation on a crypto asset or blockchain project. The top three candidates win bitcoin.
Along with officially announcing its cryptocurrency project, Facebook reportedly plans to develop ATM-like machines where users can buy the company’s crypto, as well as allow employees to take their salary in the form of the platform’s coin.
While details are sparse, Matrix, Jihan Wu’s new crypto service, will reportedly provide custody and lending services to Bitmain, quieting some rumors that Wu left Bitmain as a result of a disagreement with co-founder Micree Zhan.
Civil, a startup attempting to use blockchain tech to bring transparency between journalists and readers, will lose its account with First Republic. While it’s unclear why the bank has decided to terminate services, Civil’s COO believes it’s because the startup is a “crypto-related company.”
Despite some banks touting dedicated crypto onboarding services, European cryptocurrency firms are struggling with an unfriendly banking sector and incredibly steep account fees.
Back in March, crypto investment manager Bitwise claimed its research showed 95 percent of all reported crypto trading volume on unregulated exchanges was fake. Now, in a newly published white paper, Bitwise researchers have shown that, despite the fake trading volume, regulated bitcoin futures and improved custody services help keep the cryptocurrency’s price true.