Yesterday’s big announcement that regulatory approval has been granted to Bakkt could be the best news bitcoin investors have had this year. It opens the door to institutional investors and is a huge step forward for crypto industry legitimization in the US. Bakkt To Launch Next Month After months of procrastination, the new cryptocurrency trading...Read More
The news that regulatory approval has finally been granted to Bakkt has generally been perceived as bullish for the industry. However, not all in the crypto community are convinced that it is the best thing for Bitcoin and its brethren.How Bullish Is Bakkt?As reported yesterday by NewsBTC, the Intercontinental Exchange’s (ICE) new crypto trading platform...Read More
One of the biggest news last year was the announcement made by the New York Stock Exchange’s parent company, Intercontinental Exchange. In August 2018, The firm announced that it would be venturing into the cryptocurrency space with the launch of a new company – Bakkt. This turned out to be an extremely bullish news in...Read More
Bitcoin price has remained in five figures as we begin another weekend. There appear to be enough buyers in the high $9000 range to prevent the asset from falling further, and for the second time in as many days, BTC has pushed back over the $10,000 mark. Bitcoin Price Over 7% Up From an intraday...Read More
Photo: Shutterstock The high fluctuating Bitcoin prices since its launch have made altcoins a go-to investment option for most of the crypto enthusiasts and traders. If we go back to February 2017, it was the first time when the entire crypto community has realized altcoins potential as their market value went sky-high after the Bitcoin...Read More
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The global amount of debt with negative yields ballooned up...Read More
Photo: Shutterstock The popularity of Bitcoin is hard to underestimate. Regardless of the cryptocurrency’s volatility, thousands of people are using it on a daily basis. While companies may be taking advantage of Bitcoin to make international payments, investors are playing around with the cryptocurrency in the hopes of making money. Whether you are a Bitcoin...Read More
Changpeng Zhao (CZ), CEO of Binance cryptocurrency exchange has revealed that Binance U.S., a regulated bitcoin and altcoins trading venue specially tailored to customers in the United States, will go live before the end of November 2019, reports Cheddar on August 15, 2019. Changpeng Zhao Reveals Binance U.S. Launch Date Per sources close to the matter,...Read More
Bitcoin price tested the $9,800 support and bounced back against the US Dollar.The price is currently struggling to gain momentum above $10,400 and $10,500.There is a key contracting triangle forming with resistance near $10,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is likely to slowly rise as long as...Read More
This weeks trading sees BTC/USD down over 9% but it could have been much worse Sentiment was shot earlier in the week after rumours of Bitcoin sellers from a ponzi scheme Bakkt saved the week after announcing new Bitcoin futures and custody services (Chart above represents this weeks price action) It all started when an...Read More
California Government Operations Agency (CalGovOps) Secretary, Marybel Batjer has selected Camille Crittenden to Chair the state’s 20-man blockchain working group which has been mandated to explore the possible use cases of distributed ledger technology (DLT) in the state and present a report of their findings to the Legislature by July 1, 2020, reports Enterprise Times...Read More
Who are the biggest hedge funds operating in crypto today and how much do they have invested in crypto and blockchain firms? The total market cap for all cryptocurrencies stands at $293 billion, and while much of this value has been generated by individual traders buying and selling their own private stashes of crypto, it’s also...Read More
Bitcoin Price Analysis (BTC/USD) On an intraday chart, the price of BTC/USD pair has further dipped from the previous price of 10473.00 and is currently changing hands at $9917.57 that translated to an intraday dip of 5.3%. The bulls seemed to have lacked the means or strategy to pull up the market momentum. This was...Read More
Turkey interest in bitcoin remains robust as the economy struggles to recover from the collapse of the lira from 2018. | Source: Shutterstock By CCN Markets: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while...Read More
On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to...Read More
More than half the world’s economies have inverted yield curves, which is a dire signal that a global recession may be on its way. | Source: Shutterstock By CCN Markets: Fifty-three percent of countries that offer sovereign debt currently have inverted yield curves, according to one economist. If the percentage gets much higher, there is...Read More
The long-awaited Bakkt platform has finally been given an official launch date. The regulated Bitcoin futures platform will go live on September 23, 2019.Naturally, the Bitcoin and wider cryptocurrency community has greeted the news with optimism. The price of Bitcoin has responded favourably in the short time since Bakkt made the announcement too.Wait, Weren’t There...Read More
Over the past couple of days, investors have grown fearful regarding the possibility of a massive Chinese Ponzi scam dumping the significant amount of Bitcoin (BTC) that they hold in wallets onto the markets, which may have contributed to the recent downwards pressure experienced by the entire crypto markets.Now, new data suggests that a small...Read More
Bakkt has won approval from US regulators to trade physically-settled bitcoin futures, a move many believe would legitimize the cryptocurrency industry before institutional investors. The Intercontinental Exchange’s subsidiary announced on Friday that the New York Department of Financial Services (NYDFS) had given them clearance to acquire a New York state trust charter. That would provide...Read More
Popular digital currency industry analysis Twitter account @Rhythmtrader states that almost 3,500 non-crypto companies have had their security breached so far this year. Well over a billion user accounts have been impacted by hackers.Although difficult to verify (RhythmTrader rarely cites where the figures quoted are from), some of the biggest examples have impacted hundreds of...Read More
Bitcoin broke our hopes again. We’ve watched it rise to almost $20 000 and drop back to $3k. In July with Bitcoin growing to $14k everyone expected it would skyrocket to $1 M. Unfortunately, anew, we see the falling star. So, what’s wrong about Bitcoin? Bitcoin is a decentralized currency, which means that no authority...Read More
Elon Musk, the billionaire CEO of SpaceX and Tesla, reiterated his calls to “nuke Mars” to prepare it for human colonization. | Photo by Mark RALSTON / AFP By CCN Markets: Billionaire Elon Musk, the CEO of Tesla and SpaceX, reiterated his calls to “nuke Mars!” on Twitter. It’s part of Musk’s previously announced proposal...Read More
Nevermind the double-digit price swings. Despite the day-to-day roller coaster ride of crypto markets, spiking demand in China and Argentina point to a pivot point for the largest digital currency – from risky bet to safe store of value. Demand in China and Argentina Soars as the Yuan and Peso Plummet According to Hong Kong-based...Read More
The IRS doesn’t take kindly to people purposefully evading taxes. This is especially true when those users are also cryptocurrency holders or traders. Despite sending out thousands of letters in recent weeks, the agency is already stepping up its game. A new version is making the rounds which is a lot more straightforward and firm. It...Read More
The Cardano Foundation, an organization responsible for driving adoption of Cardano (ADA), has joined forces with Konfidio, a Berlin-based blockchain venture studio, to promote the adoption of distributed ledger technology (DLT) by governments, large corporations and startups alike, according to a press release on August 15, 2019. Cardano Fostering Blockchain Adoption In a bid to...Read More
Bank of America Merrill Lynch recently surveyed fund managers and found that investors are the most bullish they’ve been on bonds since the end of 2008. But that popularity comes as long-term risks are developing for traditional asset classes. For these reasons, Morgan Creek Capital Founder & CIO, Mark Yusko thinks new types of protective...Read More
Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords. Coinbase announced the news in an official blog post on Aug. 16. According to...Read More
Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Now his firm is teaming up with fellow blockchain startup Keep to launch the Cross-Chain Working Group, which aims to create a protocol for using bitcoin on ethereum-based systems. The group hosted its first meeting on Thursday with more than 40 participants,...Read More
