November 13, 2019

Top 10: Find Out If It’s Legal to Trade Cryptocurrencies in Your Country

The legality of cryptos varies depending on the legislation of each country. To find out if it’s legal to trade cryptocurrencies in your country, keep on reading this article. The United States The United States generally supports crypto trading, even though several government agencies are working to prevent the use of Bitcoin illegal transactions. Many...
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Bitcoin’s Difficulty Falls As Miners Capitulate; Will They Survive the Halving?

On Nov. 8, bitcoin’s mining difficulty fell for the first time in 2019, but what does this mean for the industry going forward? On Monday, bitcoin’s mining difficulty adjusted itself down by 7%, making it easier for miners to solve algorithms, and thus mine blocks. As to why this occurred, it appears to be in...
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Bitski Raises $1.8 Million from Coinbase, Galaxy Digital, Winklevoss Capital

Bitski, a startup working in the crypto wallet space, announced it raised a $1.8 million seed round from Galaxy Digital, Winklevoss Capital, and Coinbase, among others, bringing total fundraising to $3.5 million. Bitski is a startup innovating in the crypto wallet space and offers additional tools for building on top of these wallets. The company...
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Bitcoin (BTC) Price Sighting Downside Thrust Before Higher?

Bitcoin price is struggling to recover above $8,800 and $8,840 against the US Dollar.The price is slowly moving lower and it is likely to decline sharply below $8,600.Morning’s bearish trend line is active with resistance near $8,775 on the hourly chart of the BTC/USD pair (data feed from Kraken).It seems like there could be a...
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Prominent analyst says only the top 40 cryptos are liquid 

Crypto analyst Willy Woo said that very few coins are good investments, as data from CoinMarketCap has shown that only the top 40 out of the 4987 listed coins are liquid. Part of the crypto community remained skeptical, saying that few coins have been around long enough to be able to compete with Bitcoin, Ethereum,...
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Binance Set to Include 180 Fiat Pairs within the Next Few Months

Premier cryptocurrency exchange Binance is set to include 180 fiat currency supported pairs within six or nine months. In what is seen by many as a “gutsy” move premier cryptocurrency exchange Binance is set to include 180 fiat currency pairs and counting between now and the end of the first quarter of next year. Changpeng...
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Chinese E-Vehicle Maker Xpeng Pulls in $400M Series C Funding from Xiaomi and Others

One of China’s major electric car makers Xpeng has announced the receipt of $400 million in funding from several firms including Xiaomi. Chinese electric vehicle company Xpeng Motors Technology Ltd. has announced it has completed a new round of funding from several investors, to the tune of $400 million. Major Chinese tech firm Xiaomi Corp.,...
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Brave Adds Tipping and Rewards Support for IOS

Brave Browser has quietly launched Basic Attention Token tipping on its iOS app. As the only platform where the feature was missing, it was highly anticipated by the community. Released on Nov. 12, version 1.13 of Brave Browser is the first iOS update since September. The support for Brave Rewards allows users to support content...
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Facebook might’ve just put the final nail in Libra’s coffin

Facebook may have a plan B. Libra may be dead and buried and Facebook might be looking to keep it that way. The social media giant initiated the Libra digital currency project back in June, and it has since faced a wave of regulatory backlash. Now, it looks like Facebook may finally be moving on...
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Telegram Denies All SEC Allegations, Makes A Plea To Dismiss Actions

The founder of ConsenSys, Joseph Lubin, who is also known as the Ethereum co-founder recently said that he hopes that China’s Central Bank Digital Currency (CBDC) will allow for interoperability with public permissionless blockchains such as Ethereum.Lubin made the remarks in an interview with Forbes which is viral in the Ethereum news now – and...
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CFTC Chairman: The United States Should Lead Blockchain Innovation

Heath Tarbert, the Chairman of the US Commodity Futures Trading Commission (CFTC), said at a conference yesterday that the country should increase its involvement in digital currencies and blockchain. He also called for action in terms of regulatory clarity. The U.S. To Lead Blockchain Innovations The chairman of the CFTC attended a conference on Tuesday...
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Learn To Invest Safe And Profitably With Diamonds Capital

Cryptocurrency trading can be a complete minefield for the uninitiated. Even for veterans of the space, the volatile nature of cryptocurrencies can have a profound effect on profitability. Bitcoin 2018’s crypto crash and preceding bull run was a difficult pill to swallow for many traders. The collapse – which involved a 60% retrace within a...
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Paxos Launches Fiat Gateway with Binance as the First Client

Photo: Shutterstock On November 12, 2019, Paxos debuted its Fiat Gateway and have announced that Binance will be its first client in this regard. Its Fiat Gateway means that customers can swap out U.S. dollars for stablecoins on a one-to-one basis and this is one of the first of its kind within the cryptocurrency industry....
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Crypto Analyst Marius Landman: BTC Is In For ‘Super Hyper Inflation’

The Royal Bank of Canada (RBC) which is headquartered in Canada is apparently ready to turn to crypto and open its own cryptocurrency exchange. The crypto news story was confirmed in a report from The Logic and the media outlet claims that it has learned that the RBC wants to allow customers to trade in...
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Block.one vows for a decentralized EOS governance

Block.one, an open-source software publisher, announced that it will start voting for EOSIO’s public blockchain upgrades. The move is seen as a way to address the growing concerns about the geographical centralization that EOS’s network is facing. Block.one plans to get involved EOS is one of the leading blockchain protocols designed to host decentralized applications...
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Bakkt Will Offer Cash-Settled Bitcoin Futures to Singapore Before 2020

Adam White, Bakkt COO, has said that top researchers from ICE are already at work to add the innovative cash-settled Bitcoin futures. ICE Clear Singapore will be offering a new type of Bitcoin futures. Those are cash-settled ones, thus will also be available via ICE Futures. Venture funds from across Earth show their intent to...
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Choosing Between All the Different Bitcoin Wallets Out There

Despite there being multiple options for how and where to store your bitcoin, only a choice few are actually suggested for use. If you’re a noob to the whole bitcoin trading world, even fewer are suggested. While there are a fair few models to choose from, experts suggest that many bitcoin wallets should be left...
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CFTC Chairman Urges America To Lead The Blockchain Race

Crypto exchange execs from South Korea were convicted by the South Korean court including the head of cryptocurrency exchange Coinup for fraud; he’s been sentenced 16 years in jail. The company’s vice president was sentenced 11 years in jail, and also eight other executives were given jail time. Let’s read further in the cryptocurrency news...
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South Korean Exchange CEO Sentenced to 16 Years in Prison

A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. They duped thousands of investors, promising them up to 200% return within weeks. Also read: Korean Presidential Committee...
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Why some traders are bullish on Bitcoin after 5 weeks of “negative weekly delta”

Traders have started to lean towards a bullish short term trend for Bitcoin following what has been a relatively stable week for BTC after a big drop in October. Major cryptocurrencies in the likes of Ethereum, Binance Coin, and TRON have recorded minor gains against both Bitcoin and the U.S. dollar in the range of...
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Cardano Snapshot Gets Ada Holders Ready for Staking

Cardano completed the first snapshot and balance check for its incentivized Shelley testnet. This is Cardano’s latest step toward staking and will allow investors to earn rewards on their Ada for the first time. IOHK, the development arm of Cardano, announced the news via Twitter on Tuesday. The company also launched a website and will...
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Creativity and Value Will Win the Cryptocurrency Exchange Wars

The American gold rush was marked by a host of hard times and a few sudden millionaires. Men gave up everything to travel to California in hopes of striking it rich. But the man who really struck it rich during the gold rush was Levi Strauss, a simple tailor who made tough cotton pants for...
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Bullish Sentiment Implies Bitcoin Price Needs to See Bigger Flush

If you’ve been on Crypto Twitter at all, you know of the Bitcoin “HODL” meme. For those living under a rock, here’s a quick explainer: HODL, a misspelling of “hold” first found on the (in)famous BitcoinTalk forum, has become a battle cry for diehard BTC investors, who believe it is irrational to sell the asset.Related...
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Bitcoin Price to Outpace S&P 500 Next Year, Say 168 Financial Experts

Bitcoin (BTC) will most likely perform better than the S&P 500 stock index, believe nearly half of the 350 financial professionals polled by Chainalysis. Volatility Undermines Gains Potential Despite short-term volatility, Bitcoin will be the most promising asset class in the coming year, believe financial experts in a Chainalysis poll. The opinions belong to professionals...
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Top three exchanges to watch for 2020

As cryptocurrencies have grown in popularity, the sheer number of exchanges to choose from is dizzying. CoinMarketCap lists over 300, but when you count in all the local exchanges, there are probably thousands. The fact that there are still new exchanges entering the market is a testament to the scale at which the crypto markets...
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Switzerland Launches the First Crypto Bank SEBA

Switzerland’s first crypto bank SEBA is now operational, offering a variety of services to close the gap between crypto space and traditional banking. The bank’s crypto wing will offer various services including financing, trading, asset management, and custody. Besides, the bank launched a wallet app, e-banking, and card products that will enable customers to switch...
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Wednesday Crypto Market Watch: Bitcoin Standing Still As Major Altcoins Surge

Bitcoin’s price movements have been rather bearish over the last few days. Yesterday, the largest cryptocurrency by market cap tried breaking up but got quickly rejected and recorded $8550 as of yesterday’s low. Since then, Bitcoin is slowly gaining momentum, and the coin is back at the past week’s consolidation range $8700 – $8800. As...
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Digital Banking App Revolut To Raise $500M For Global Expansion

British-based digital banking app Revolut plans to raise $500 million for Global expansion including the US and Japan. As per a Reuters report, the crypto-friendly investing app Revolut has already been successful in the U.K. It now eyes global expansion. “We want to raise at least $500 million in direct equity and potentially. Maybe at...
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Bitcoin Extortionists Hit Fortune-500 Mexican Oil Giant Pemex for $5 Million

Pemex is required to pay the Bitcoin ransom within two weeks or face paying double after. About 5% of the computers have been affected by the DoppelPaymer software. The oil giant’s billing systems are the most impacted and could lead to delays in paying salaries. The hackers who hit Mexico’s state oil giant Pemex earlier...
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Bybit CEO talks challenges of building a derivatives exchange and why Singapore is the blockchain hub of Southeast Asia

CryptoSlate recently had the chance to interview Ben Zhou, the CEO and co-founder of Bybit, a crypto derivates exchange platform located in Singapore. In the interview, Ben shares how he got started in crypto, what led him to start Bybit and his crypto predictions for 2020 and beyond. What is your professional background and how/when...
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