• Wall Street
    Cryptocurrencies

    Fidelity, Gemini announcements bring cryptocurrency investments closer to the mainstream

    Fidelity will begin securing Bitcoin wallets while Gemini passed a tough examination of its security services by Deloitte

    Cryptocurrency supporters eager to see the business break into the financial mainstream had a pair of good signs on Jan. 30, as Fidelity Investments announced a timeframe for its Bitcoin custody service, and the Gemini exchange became the first exchange to pass a tough third-party test of its security offerings.

  • Dollar coins
    Alt coins,  Bitcoin,  Cryptocurrencies,  Tether

    It’s indeed possible: A regulated US dollar-backed token is launched

    Dollar-backed tokens on the blockchain, minus the fears of scam or fraud

    There’s a new crypto-asset available as of Monday morning, and it’s yet another effort to come up with a U.S. dollar-backed cryptocurrency. Called Paxos Standard (PAX), the new token is maintained by blockchain technology company Paxos. The firm endeavors to digitize different kinds of assets so that they can be traded anywhere at any time using the blockchain. For now, the company can securely track trades of securities and precious metals, but will expand to support commodities of any other type down the road. Its new PAX token is an important piece of this puzzle. PAX is one of a family of so-called “stablecoins,” those cryptocurrencies that are designed to…