The last few months have been eventful for Binance, the Malta-based cryptocurrency exchange. From launching several new additions to its platform to expanding into several new countries, Binance has been setting a standard for other cryptocurrency exchanges. Recently, Changpeng Zhao aka CZ, Founder and CEO of Binance, appeared in an interview to discuss the many...Read More
Litecoin has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a bearish head and shoulders pattern remains in play The daily time frame continues to show a bullish reversal pattern taking shape Litecoin is coming under increasing technical selling pressure below the $45.00 level after recently been heavily rejected from...Read More
The broader cryptocurrency market appears vulnerable to further losses on Wednesday, as Bitcoin and other major cryptocurrencies slipped back into negative territory for the month. Bitcoin fell back to its lowest trading level since Dec. 4, after the BTC/USD pair broke through the $7,300 support barrier. Binance Coin was worst performer inside the top 10...Read More
Ethereum recently completed the Istanbul hard fork, at block number 9,069,000, and it followed the St. Petersburg and Constantinople hard forks. The upgrade included several protocol changes that included changes to gas costs. The change in gas costs was something the developers were apparently not prepared for, as the Etheruem contract calls ran out of...Read More
Crypto exchange giant Binance is currently looking to expand its token trading pair listings for its US platform by as many as 18 new cryptocurrencies. Tron and Tezos On Binance Radar for US Crypto Exchange In a blog post published on Tuesday (December 11, 2019), Binance.US, the American arm of Binance announced that it was...Read More
German FinTech banking provider, solarisBank, today announced the launch of a new custodial platform for digital assets. As with the company’s digital banking products, the platform is API-accessible, and integrates into its partner’s own websites and apps. Fully Licenced Digital Asset Solution The new platform is run as a subsidiary of solarisBank, called solaris Digital Assets GmbH....Read More
Ross Ulbricht, even from prison, remains a true Bitcoin (BTC) believer. He predicts much higher valuations in the future, based on the model of the Elliott Wave. Elliott Wave Won’t Chart Clear Future Price for Bitcoin Ulbricht’s Elliott Wave theory post ties up stock market movements with observations on human psychology. Levels of interest and enthusiasm...Read More
On December 10, Switzerland-based firm Amun AG announced the company’s base prospectus has been approved by the Swedish Financial Supervisory Authority (SFSA). The ETP provider said it has extensive plans to expand its digital asset ETPs throughout Europe, while Sweden shows “strong demand” for these products. Also read: Wisdomtree’s Physically Backed Bitcoin ETP Goes Live...Read More
Cryptocurrency transactions tracker, Whale Alert, recently tweeted about how the tokenized bond on the Ethereum blockchain from the Spanish banking giant, Santander, had accrued $99,000 in interest for the first quarterly period. The $20 million bond, first settled in September, was represented by a custom Ethereum token, and settled with another token representing cash held...Read More
According to recent reports, France just got a new crypto fund, known as Napoleon Bitcoin Fund, which consists purely out of cryptocurrency. Napoleon Bitcoin Fund Launches According to a recent publication by France’s Les Echos, the country recently got its first fully regulated crypto fund, dubbed ‘Napoleon Bitcoin Fund.’ The fund was created by a...Read More
December 2019 has not been very welcoming to the bulls in the market. Many major cryptocurrencies have lost enormously under the market’s bearish pressure, including Bitcoin [BTC], which has lost about 4.55% of its value since the beginning of December. Following its lead, many cryptos have met a similar fate. This was reflected by Coin...Read More
Over 20,000 Danish citizens are getting warning letters from local tax authorities after crypto exchanges handed over their information without consent. Investors were urged to amend their tax reports or face penalties. In January of 2019, Denmark’s tax authority was authorized to collect personally identifiable information and trading history from three local exchanges. It also...Read More
Ripple’s investment and innovation arm, Xpring.io, has supported developers in the community by expanding the use cases of the third-largest cryptocurrency, XRP. Launched over a year ago, this developers’ platform is now adorning a different look via a single website that will include a wallet, new tools, and services, revealed the Senior Vice President of...Read More
Ethereum’s annual gathering, Devcon, announced the launch of MakerDao‘s MCD back in October. Since its launch on 18 November, the Maker Foundation’s newly collateralized asset has been at the end of some criticism from some quarters. Coinmonks, a crypto-educational platform, recently highlighted the Foundation’s governance system which allowed MKR token holders to be the deciding...Read More
On December 8, the U.S.-based coffee firm that uses cannabidiol (CBD) in its product, Crazy Calm, launched a promotion that aims to send $5 per order to the charity EatBCH. The founder of Crazy Calm, Matt Aaron, also detailed that the startup wanted to leverage the payment processor Shopify but the company closed their account...Read More
Crypto practitioners who depend on Keepkey hardware wallets to store their coins ought to take a pledge of not discussing it in public. Kraken Warns Crypto Users The warning appears on Kraken’s latest blog post wherein it discusses a serious flaw in all of the Keepkey hardware wallets. The US exchange’s security research wing claims...Read More
Bitmain, the crypto-mining equipment manufacturing giant, has been in the news a lot recently. Over the past few months, the Beijing-based entity has had to deal with several internal turmoils, conflicts which eventually led to the departure of Micree Zhan as Jihan Wu took back control of the company. However, the firm’s prospects in other...Read More
BitPay, a payment provider offering merchants the ability to accept cryptocurrencies, launched support for several stablecoins. Users will now be able to use USD Coin, Gemini Dollar and Paxos to pay for goods with all on-boarded merchants. BitPay previously specialized on letting sellers accept cryptocurrencies without ever getting exposure to their volatility. The service was...Read More
The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time to process an acquittal motion. Additionally, according...Read More
Recently, Philip Gradwell, Chief Economist at Chainalysis, a blockchain data analytics company, spoke at a Meetup in London about token economics in on-chain analytics. During his talk, Gradwell spoke about both on and off-chain data, how they can be linked together, and gave some insights based on their analysis of Bitcoin and other cryptocurrencies’ data....Read More
The Bitcoin [BTC] market has lost 0.54% of its value in December 2019, with the king coin’s price movement recording recurring dips. A recent dip of 2.45% contributed to the price of the world’s largest crypto tumbling down from $7,450.62 to $7,268.03. Following the loss, Bitcoin tried to recover. However, it was stuck at $7,337.32,...Read More
Verge (XVG) is backtracking, erasing more than 15% of its price on Tuesday. XVG fell to $0.004, moving away from a recent spike. The Verge market price sank significantly on Tuesday, despite the still expected scheduled hard fork. The asset sank after a week of hiking higher, moving up by as much as 30% on...Read More
Tezos has a bullish short-term and medium-term trading outlook The four-hour time frame shows that a bearish reversal may start to take place The daily time frame continues to show the presence of a large bullish pattern Tezos is starting to correct lower after the cryptocurrency recently rallied to its highest trading level since August...Read More
The broader cryptocurrency market came back under downside pressure on Tuesday, as Bitcoin and other major cryptocurrencies gave back early week trading gains. Matic Network is under heavy bearish pressure, following a flash crash late-Monday night. Matic had rallied by over 190 percent since November 22nd before the sudden reversal occurred. Chainlink is the top...Read More
After recently announcing its support for the introduction of Liquid network for Bitcoin and USDT transactions on its platform, BTSE exchange has now revealed its plans to facilitate a native exchange token sale on a Bitcoin sidechain with the help of Liquid. According to reports, the exchange is also planning to raise a total sum...Read More
Mining companies may benefit from a growing market for Bitcoin (BTC) derivatives to finance and support their power-hungry operations. In 2019, despite price fluctuations, mining activity remains near all-time highs. Bitcoin Mining Turned into Large-Scale Business Mining is becoming large-scale business in 2019, with big pools and ASIC producers once again coming into the spotlight....Read More
London-based blockchain firm Saga announced the launch of its Saga token (SGA). The digital unit represents a global currency that complies with regulators’ requirements. Saga Advised by Nobel Prize Winner, Former Bank of Israel Governor The currency is backed by a basket of fiat currency to avoid high volatility. Thus, it acts like a stablecoin...Read More
Most millennials are burdened with student loans or debts. However, most millennials are also working towards achieving financial independence. Like many, even I’m working my way towards financial independence while trying to juggle my work and social life. Recently, I penned an article titled ‘How many Bitcoins should you own to stay a millionaire?‘ and...Read More
Matic Network, a sidechain-based scaling solution for public blockchains, saw its native token skyrocket over 300 percent since late September. The move appears to be correlated with a wave of developments that were intended to expand the token’s utility. Over the last few hours though, its price crashed over 70 percent amid fears of an...Read More
Switzerland has been the home for various cryptocurrency projects due to its sorted outlook towards it and its underlying technology, blockchain. However, the country’s financial regulators have warned against the risk emerging from blockchain and bank’s lower profit margins. The regulators also noted that Switzerland was “particularly exposed” to money laundering risks due to its...Read More
