Bitcoin Breaks $3,600 Price Point, Some Top Cryptos See Double-Digit Gains

Friday, Feb. 8 —  Bitcoin (BTC) has broken the $3,600 price point, with all of the top 20 digital currencies making significant gains on the day, according to data from Coin360.Market visualization from Coin360In the middle of the day, BTC spiked above the $3,450 mark and at press time the leading cryptocurrency is trading at…

Crypto Assets Pose No Risks to Financial Stability, International Bankers Claim

International central banks and financial officials think that cryptocurrencies pose no significant risks to global economic stability, according to a report published by the Financial Stability Board (FSB) Wednesday, Oct.10.The FSB — an international agency consisting of 68 local institutions such as central banks, watchdogs, and ministries of finance that prepares recommendations for global financial…

Swiss Crypto Startup Eidoo Announces Token Tied to the Price of Gold

Eidoo has become the latest cryptocurrency startup to seek to create a more stable token by tying it to the price of gold. The Switzerland-based startup says the ERC-20-compatible token, dubbed the ekon, will sit alongside its multicurrency wallet and decentralized exchange. But perhaps more notably, each token will be redeemable for one gram of…

Blockchain Platform to Allow Users to Trade Gold for Virtual Currencies

A company is creating an ecosystem where tangible assets such as gold can be traded for virtual currencies in a digital environment. The platform, known as the Digital Gold Exchange (DGE for short,) says it has the goal of establishing a place where users can securely store their assets and trade with others “quickly, safely,…