The markets of cryptocurrencies changes as per the attention they get, they do not behave like the conventional financial markets, National Bureau for Economic Research suggests in their recent study. Unlike the other traditional assets, the cryptocurrencies respond or behave in a different way to the market factors. They move according to the specific factors of cryptocurrencies, according to a report published in this week. The factors for cryptocurrency include market momentum and investor attention, which are described as continuous time cryptocurrency momentum occurring at daily & weekly frequencies. Two economists from Yale University, Aleh Tsyvinski and Yukun Liu said…

tZero, the subsidiary of Overstock.com, lifted $134 Million in its security token offering, claimed the firm this week to the media in an interview. The declaration (disclosed as fraction of second-quarter results of Overstock) was coupled with a different disclosure revealing. The disclosure claimed that GSR Capital (the Hong Kong-located equity company) has decided to spend as much as $400 Million in both Overstock and tZero. tZero claimed previously this week that it had concluded its token sale, although the company initially had set a target of lifting $250 Million via the offering. At the time of earnings call, Patrick…

The price of Ethereum Classic (ETC) has fallen by over 30% against the US dollar after its listing on Coinbase. Earlier to August 7, the price of ETC increased by two recent occasions, the first of which began on June 11 when Coinbase announced its intention to add to its classic ethereum platform. The ETC price went from $12.19 to $16.40 in the next 48 Hours, resulting in a 34% gain. The next and most spectacular push began on August 3, following an announcement from Coinbase, stating that ETC trading would eventually be released on August 7. In the duration…

Bitcoin recorded a loss of about $500 in six hours! So far, the ten cryptos excluding Tether (USDT) are covered in red, according to Coin360. As per press time, the BTC is trading at about $6,598, falling 5.29% on the last day and bringing a new weekly low. The fall follows today’s announcement that the US Securities and Exchange Commission has postponed its decision to register and trade a Bitcoin ETF before the end of September. Ethereum is going through a decline which has decreased around 6.64% in the last 24 hours. The second positioned cryptocurrency is at $377 and…

The World Bank Group is functioning along with the Commonwealth Bank of Australia (CBA) to issue a blockchain-based bond. CBA, one of the four major retail banks in Australia, said on Friday in a statement that it has received a mandate from the World Bank to regulate the issue of the bond, which will be generated, transferred and administered via a blockchain platform. The technology already developed by the CBA retail chain’s in-house laboratory is to enable key players in an issuance process, such as banks and investors to join the nodes of a distributed network. In this way, the…