The ongoing crypto adoption drive has been propelled mainly by the ecosystem’s exchanges that serve as a gateway for many users across the globe. In a recent blog post that details on “ensuring the continued compliance” of the platform, BitMEX made a shocking revelation by stating, “Seychelles, Hong Kong and Bermuda will be added to...Read More
Bitcoin is holding support at $10,000 as Bakkt announces a launch date for physical futures. Ethereum is also supported ahead of the PoS upgrade. BAKKT Next month will see the long-anticipated arrival of Bakkt’s physically delivered Bitcoin futures contracts. The digital asset company, which is owned by the owner of the New York Stock exchange,...Read More
Ethereum’s Vitalik Buterin says improving blockchain scalability could slash costs “by over 100” for every crypto transaction. | Source: Abra/YouTube By CCN Markets: Ethereum co-founder Vitalik Buterin says improving scalability could slash crypto transaction costs by a factor of “over 100.” That’s crucial, considering that blockchain has become so much “bigger than bitcoin.” Moreover, Buterin...Read More
Friday graced us with a positive fundamental trigger, with Bakkt finally being given the green light to launch Bitcoin derivatives trading on September 23. This follows almost an entire year of delays – and although the crypto market never lost interest in the upcoming platform for institutional investors, it was beginning to lose faith. The renewed...Read More
South Korean Blockchain projects are ditching the domestic market due to regulatory headaches, mainstream media report. South Korean Blockchain Projects Look Abroad Referencing a range of industry experts on August 18, local news outlet Business Korea noted the increasing tendency for Blockchain projects born in South Korea to seek out easier funding overseas. Major international...Read More
The Binance crypto exchange has noticed a “large-scale dusting attack” on Litecoin (LTC) users which occurred on August 9. The exchange posted its observations on social media: Approximately 5 hours ago there was a large-scale dusting attack on $LTC @Litecoin users. One of many transactions: https://t.co/zgk9gPRNcU Here’s what you need to know and how to...Read More
The U.S. House Financial Services Committee delegation plans to visit Switzerland to exchange views about Facebook’s Libra with the Swiss FDPIC Adrian Lobsiger. A United States House of Representatives delegation plans to visit Switzerland on cryptocurrency concerns. Libra stablecoin, which is the Facebook‘s project, will be the primary focus of these discussions. A group of...Read More
Crypto.com has rolled out their Pay Your Friends app today, a social finance app that also allows for direct feeless crypto payments. As there are no fees on crypto payments, the app incentivizes the customers with a reward of $50 to those that add friends that also stake Crypto.com Chain (CRO). Crypto.com decided to provide...Read More
Amid the ongoing race to beat the fiat system, the crypto ecosystem is on the constant drive to include the most promising innovators in their arsenal. In this regard, Gemini, a leading cryptocurrency exchange and custodian, announced on August 19 that David Damato joined the company as the new Chief Security Officer (CSO). The acquisition...Read More
Spanish banking giant Santander plans to expand Ripple-powered global payment solution to Latin America, a Santander spokesperson told Cointelegraph on Aug. 19. Citing rising transaction volume, Santander wants to expand Ripple’s xCurrent technology to a number of Latin American countries after first introducing the technology in Spain, Brazil, Poland and the United Kingdom in April...Read More
Thousands of spinoffs of the world’s leading cryptocurrency Bitcoin are expanding into the void, according to market analyst Josh Rager.The Bloockroots.com co-founder on Sunday said the demand for “highly speculative” alternative cryptocurrencies, or altcoins, is falling. The analyst noted that institutional investors now look at bitcoin, the first cryptocurrency, as their preferred choice of investment....Read More
Unfortunately, in years gone by, establishing and developing a cryptocurrency exchange has been extremely difficult, often costing between $500,000 and $2m. This doesn’t even bring maintenance and lack of liquidity into questions, which together almost negate any potential profit or any possibility to compete with the big players. However, HUBREX is now committed to reshaping...Read More
Black Manta Capital Partners (BMCP) announced the successful reception of the BaFin licence. As a result of the licence, the company will be able to “provide regulated financial brokerage services using blockchain technology in accordance with the MiFID II regime.” Based on the original press release, “With so-called Security Tokenization, BMCP converts rights to an asset...Read More
South Korea’s Coinone has decided to shut down its Malta-based crypto exchange CGEX next month after less than a year of operations. The exchange posted on its official website that it will be terminating all services starting with September 18th, 2019 at 2:00 am UTC. After this date, users will not be able to log...Read More
Since the beginning of 2019, the crypto money market has only hosted a significant increase in a number of sub-coins, such as Binance Coin and Litecoin, and Bitcoin’s unstoppable rise almost regretted many sub-coin investors. While the leading cryptocurrency, Bitcoin, rose from the $ 5,000 band to the $ 14,000 band, many of the leading...Read More
The Santander Group plans to establish a new payments corridor in Latin America allowing countries to make instant payments to the U.S. using Ripple’s xCurrent payment solution. Although XRP has been a poor performer so far in 2019, Ripple‘s blockchain-based money transfer and remittance solutions continue to make progress. Santander Group, the Spanish banking giant,...Read More
Rakuten Wallet has now introduced spot trading services for virtual assets. Using these services, the customers can conduct spot trading on their crypto assets directly from their “dedicated smartphone app”. As per the official post, this exchange will also include few security methods to ensure that the user’s crypto assets are safe. Only Bitcoin, Ethereum,...Read More
As regulation continues growing exponentially for cryptocurrencies worldwide, a chasm is yawning ever deeper between supporters. On the one hand, many yearn for massive adoption and clear regulations so they can get on with their trading, and get on with their lives – not to mention the lucrative value gains attendant to such ubiquity. This...Read More
Bitcoin can be seen bouncing off the 0.382 Fibonacci level around $9,600 as price action visibly creates an ascending wedge. Many bearish indicators point towards a break-down and lower low in the coming days. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see an ascending wedge has formed as a result...Read More
Popular Cryptocurrency Exchange, Binance announced the listing of new tokens. PundiX Binance DEX listed Pundi X NEM (NPXSXEM) and trading is open for an NPXSXEM/BNB trading pair at 2019/08/20 2:00 AM (UTC).To make sure your NPXSXEM tokens are tradable on Binance DEX in the near future, you will be required to swap NPXSXEM from Mosaic...Read More
Cryptocurrencies have been rising as a new week kicks off. Binance has revealed its project Venus rivaling Facebook’s Libra. Here are the next levels to watch according to the Confluence Detector. Cryptocurrencies have been advancing once again, with Bitcoin topping $10,500, Ethereum clawing its way back above $200, and Ripple extending its gains. Investors are jumping...Read More
Ethereum is attempting to recover short-term bullish momentum with the $200.00 level the strongest form of near-term resistance Technical analysis shows that the $212.00 level is the main upcoming resistance area to watch intraday, while the $160.00 level is still a potential bearish target Ethereum has started the new trading week with a more positive...Read More
Sentinel Protocol, the collective intelligence platform that protects crypto assets against hackings, scams or frauds, has announced a new strategic partnership with Hexlant, a leading Korean blockchain technology, and service laboratory. Hexlant provides a blockchain wallet service that supports the largest variety of blockchain nodes in Korea through its self-developed modular cryptocurrency node. Together, Sentinel...Read More
Bitcoin was trading higher on Monday morning as investors digested the possibility of new economic stimulus announcements later this week.The benchmark cryptocurrency rose by more than 4.5 percent to $10,753.30 on San Francisco-based Coinbase exchange. The move brought its local bottom-rebound to a slightly above 13 percent, explicitly driven by Bakkt. The Intercontinental Exchange arm...Read More
Cryptocurrency analysis and data platform, The TIE, recently did an investigation into crypto-hype on Twitter. Which tokens are being manipulated the most, through bot accounts and inflated engagement? To compare, it looked at hype-to-activity ratio, or number of tweets per $1 million of trade volume. Let’s Start With A Look At The Wallflowers Across the...Read More
Binance, the largest Bitcoin (BTC) and altcoin trading venue in the world by reported trading volume, has announced plans to launch an open distributed ledger technology (DLT) network called Venus, to make it easier for entities to create localized fiat-backed stablecoins, according to a blog post on August 19, 2019. Venus Open Blockchain As stated...Read More
Most of the assets enjoyed a lucrative period from April to June but the controversial Bitcoin SV faced a few “hiccups” along the way. Bitcoin SV went through a tumultuous journey this year, with the coin being delisted by major exchanges like Binance and Kraken, which led to its drop in rankings as well. However,...Read More
The Venus project announced by Binance earlier on Monday plans to create stablecoins and other virtual assets backed by fiat currencies around the world. Top cryptocurrency exchange Binance announced they’re planning to initiate an open blockchain project dubbed Venus. The project is presented as an initiative made in order to develop localized stablecoins and digital...Read More
Cryptocurrencies are no longer a fringe financial instrument for its most ardent supporters. In 2019, digital assets are a prominent investment vehicle couched alongside stocks, bonds, and commodities, bringing both increased participation and higher valuations.With the collective crypto market cap hovering around $300 billion, investors from all backgrounds with all different experience levels are pursuing...Read More
Photo: Silvergate Bank Silvergate Capital Corporation, the corporation standing behind Silvergate Bank, recently filed an S1/A form with the United States Securities and Exchange Commission (SEC) where they note that they have found the niche of crypto loans attractive for them. They noted: “We believe there may be attractive opportunities to provide digital currency borrowing...Read More
