Industry Report: A Week of Big Bitcoin Money, Backpage Arrests
TechCrunch creates a new blockchain series, Backpage.com’s CEO is arrested, and Antshares raises a lot of money. Want to catch up on your latest digital currency and tech news? Check out the stories below.
The news publication will release a six-episode series called “Trust Disrupted.” The topic: cryptocurrencies and the blockchain. TechCrunch seems to believe that Bitcoin and related digital currencies are among the hottest inventions of the last ten years, and the series is aiming to educate the general public about their uses.
The series will feature New York Times reporter Nathaniel Popper, as well as additional Bitcoin scholars and experts. The series begins on the platform’s YouTube channel on October 10. Read More...
Ethereum (ETH and ETC) Price Trends (Week of October 10th)
Ethereum's price is heading down. The short-term downward trend, which has held for almost the entire week, has reached a key level. It is time for a natural upward movement.
Last Tuesday, the advantage was held by the bears. Ether’s price has begun confidently forming a downward trend, never once breaking its structure. However, in order to continue its fall, the price has to break through a serious resistance line, which it has approached closely. Usually, an opposing force appears in such points, in the form of bulls, and the downward trend is followed by at least a rebound. Judging by the nature of that rebound, we can see if the price is going to fall even deeper. Read More...
Nasdaq to Share Its Blockchain Tech with the Hong Kong Stock Exchange
The president and chief operating officer of Nasdaq, Adena Friedman, has said that it is hoping to share information with the Hong Kong Stock Exchange on its blockchain technology, according to a report from the South China Morning Post.
According to Friedman, it has become a priority for the New York-based Nasdaq to work with the Hong Kong Stock Exchange.
Last month, the Hong Kong Monetary Authority (HKMA) announced that it was setting up a Fintech Innovation Hub and a Supervisory Sandbox enabling banks to conduct proof of concept trials and services. It is hoped that this will boost the development of Fintech in the financial services sector in the country. Read More...