The United States Federal Reserve is not working on a digital currency of its own, said Fed Chair Jerome Powell. He said that cyber security issues are likely to deter central banks from releasing their own digital currency. However, reports suggest that China might launch its digital currency as early as Nov. 11. If the Chinese digital currency becomes a success, it will force other central banks to launch their own to keep up with the competition. There are several important events lined up in the next few months that are likely to be positive for cryptocurrencies. The first such …

Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company was watching cryptocurrencies closely as they believe it has long-term potential. The company claims that Apple pay processes about one billion transactions every month. With such a wide reach, Apple’s move to crypto, similar to Facebook, will be a huge positive as it will attract a large number of retail and institutional investors alike. It is not only large organizations that are taking the crypto plunge. The second largest economy in the world has also made it clear that it wants to launch its digital …

Asset managers VanEck and SolidX plan to offer a limited version of their Bitcoin (BTC) exchange-traded funds (ETFs) to qualified institutional buyers. While the wait for retail investors continues, institutional players might get an opportunity to buy the shares starting on Sept. 5. This is a positive development because a strong demand from institutional players might help in expediting approval for a full-fledged Bitcoin ETF for retail investors. The uncertainty of the trade war between the United States and China, endless money printing and negative yields around the world are all driving institutional investors toward safe haven assets, one of …

The crypto startup behind a self-learning, self-optimizing blockchain says it is determined to solve the problems still hampering the technology’s progress — and deliver “tremendous scalability” of up to 30,000 transactions per second. Velas says substantial hurdles are holding the industry back. Many blockchains are centralized to some extent, and scalability is an ongoing concern that has yet to be addressed adequately. Although still relatively in their infancy, major networks such as Bitcoin and Ethereum are already running at maximum capacity — hampering efficiency and increasing costs. And, to compound the problem, Velas claims block producers are not always incentivized …

The total market capitalization of cryptocurrencies has again bounced from just below the $250 billion mark, which is a positive sign. This level has repeatedly provided support in the past three months. It shows that investors are using dips to accumulate. Volatility has shrunk in the past few days, but we expect it to pick up. During the run-up to the launch of CBOE futures in Dec. 2017, the market rallied hard but then sold off after the launch and entered a long bear phase. Will the launch of long-awaited Bakkt futures platform also result in a similar situation or …

This week, major cryptocurrency exchange Binance stated that it plans to take a conservative approach and that Venus project will comply with all the regulatory requirements. This will keep it away from the hurdles that Facebook’s Libra project currently faces. The total market capitalization of cryptocurrencies has dipped below $250 billion. Since mid-July, crypto markets have rebounded from close to this level on many occasions. Mike Novogratz believes that the Bitcoin (BTC) bull market is still alive and the current drop is only a consolidation before institutional investors jump in. Brevan Howard’s co-founder Alan Howard is planning a $1 billion …

In the past few weeks, both Bitcoin and gold have attracted investors who have flocked to safe haven assets due to trade wars and an uncertain geopolitical environment. While traditional investors prefer investing in gold, the discovery of fake kilogram gold bars in the vault of JPMorgan Chase points to a forgery crisis. While gold owners need an expert to confirm the authenticity of their holding, Bitcoin node operators do not need any, which is a huge advantage. The government has confiscated gold holdings of the public in the past, hence, there is a possibility that it can do it …

Cryptocurrencies can benefit from wider adoption and many believe that with a user base of about two billion people, Facebook can speed up the process. Its Libra project has drawn sharp criticism from regulators, finance ministers and central banks around the world. Previously, Bitcoin rallied along with risky assets, however, in the past few months, it has been acting similar to a safe haven, though it is not there yet, according to Nelson Minier, head of over-the-counter sales at cryptocurrency exchange Kraken. Minier said that the current state of the cryptocurrency industry, with all its innovation and trading, is similar …

Cryptocurrency trust and security company BitGo has announced the launch of a multisignature wallet and custody service for EOS. According to the news release published on Aug. 22, BitGo officially added EOS to the list of its supported assets. The firm’s chief technology officer Ben Chan said: “The EOSIO software has some innovative differentiators like its high transaction capacity and fee model that required our engineering team to scale our platform. We were able to successfully create an experience for EOS users that is seamless and consistent with how we support other coins and tokens.” More than 200 cryptos supported …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Though institutional investors are professionals with years of experience under their belt, they have been slow to recognize and embrace cryptocurrencies, which is the new trend in the digital age. Conversely, retail traders who are considered amateurs have been quick to adopt cryptocurrencies and have benefitted immensely from it, according to Tyler Winklevoss. His …

Thursday, Aug. 22 — Bitcoin (BTC), Ether (ETH), and XRP are all in the green. The top three coins fell from Monday to Wednesday but are moving upwards again — and other altcoins are generally green across the board. Market visualization. Source: Coin360 Bitcoin is trading over $10,120 at the time of publication — a 0.08% price increase on the day. Hans Hauge, a senior qualitative researcher at crypto investment fund Ikigai, believes that BTC is still in the middle of a bull run. According to Hauge, the Bitcoin Days Destroyed metric — a measure of the time between movements …

Binance is expected to launch its upcoming exchange platform in the United States by the end of the year, with the company’s executive estimating that the platform will launch within “a month or two.” In the interview, Changpeng Zhao (aka CZ), the CEO of Binance, predicted the launch despite acknowledging that many things are still “in flux” regarding the platform’s planned operations in the U.S. CZ noted that the U.S. has historically enacted “very clear regulations” regarding financial technology, adding his expectation that despite current “uncertainties in the regulatory space,” early adopters in the industry will likely be better rewarded. …