Rapper Akon Says Bitcoin Better Than ‘Military-Backed’ US Dollar, & Other News

Most Important Crypto News 

Daily digest by Cointelegraph Market Continues to Trade Sideways as Bitcoin's Price Dips Below $10,300 Bitcoin dips below the $10,300 price mark, while altcoins continue to trade mostly sideways. Read our market update to find out more. Winklevoss's Gemini Crypto Exchange Launches Custody Service The New York-based cryptocurrency exchange Gemini — founded in 2014 by twin brothers Cameron and Tyler Winklevoss — has launched its own custody service, Gemini Custody. Gemini said the newly launched custody solution will allow its customers to check balances, download account statements, initiate withdrawals, and grant auditors view-only access to confirm balances, transactions and activity.    Nasdaq Lists Decentralized Finance Index for Digital Assets  Major United States stock exchange Nasdaq has unveiled a blockchain decentralized finance index called Defix (DEFX). The index includes crypto assets of projects such as those belonging to proof-of-work blockchain Amoveo (VEO), decentralized exchange protocol 0x (ZRX) and prediction market Augur (REP). SWIFT: Crypto Useless, 'Goes Down In Value Like A Yoyo' The Society for Worldwide Interbank Financial Telecommunications (SWIFT), an interbank payments network provider, has dismissed cryptocurrencies as being "useless and unstable." Rapper Akon Says Bitcoin Better Than 'Military-Backed' US Dollar Grammy award-winning music artist Akon has rebuffed Bitcoin (BTC) naysayers who claim that the asset lacks intrinsic value, arguing that: "Nothing backs the dollar. The U.S. doesn't have natural resources that back the dollar. What they do have is the military." SPONSORED: A mobile-based cryptocurrency that aims to support the world's 1.7 billion unbanked has gained praise from "the founding father of blockchain." A new algorithmic stablecoin says its approach offers greater stability than rival coins pegged to fiat currencies such as the U.S. dollar   Number of the day   New data suggests 40% of millennials would prefer to invest in crypto assets in the event of a recession. Tweet it 1.5 mln people follow us on social media Download our official free app →

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