Monthly Archives: May 2018

Japanese Forex Giant GMO to Launch New UK Crypto Trading App

Japanese brokers already dominate the global online retail FX and CFD market by trading volumes. And it now looks like they will try to leverage their country’s receptive regulatory environment to expand internationally with crypto too. The latest example is an app in the UK created by two groups headquartered in Tokyo. Also Read: Bitcoin in Brief Tuesday: IOTA Ditched, Bitcoin Taking Over Popular Culture Pipster Z.com Trade, the international brand of Japanese forex giant GMO, has announced it will launch a new FX and cryptocurrency mobile […]

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Newly Formed Institute for Blockchain Innovation Backs ICO Alternative

A new open-source think tank oriented around blockchain technology has been formed and has announced its first initiative, JOBS Crypto Offering, which aims to solve the regulatory issues surrounding initial Coin Offerings (ICO). The newly announced Institute for Blockchain Innovation (IBI) has nearly 60 members, including global leaders in banking and technology. Companies include Finova, Indiegogo, 500 Startups, Ausum Ventures, Salesforce, Raiffeisen Bank International and BPC Banking Technologies. According to the press release, “The new think tank brings together the world’s innovators in both the traditional and […]

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Coinbase Valuation Jumps from $1.6 Billion to as High as $8 Billion

The meteoric price rally by bitcoin in 2017 has made a lot of people very rich, and perhaps no one more than the owners of the trading venues themselves. Coinbase, which was valued at around $1.6 billion less than a year ago, is now priced at $8 billion by its investors.   Also Read: Bitcoin in Brief Tuesday: IOTA Ditched, Bitcoin Taking Over Popular Culture The $8 Billion Unicorn San Francisco-based cryptocurrency exchange Coinbase has reportedly seen its market valuation skyrocket to as high as $8 billion. […]

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This Guy Is Fighting a Legal Battle with the CFTC over Bitcoin Classification

A few months ago the U.S. Commodity Futures Trading Commission (CFTC) charged a Staten Island-based company called Cabbage Tech with ‘fraud and misappropriation’ of funds based in Bitcoin and Litecoin. According to the CFTC, it revealed it had charged Patrick McDonnell and his company Cabbage Tech for crimes associated with allegedly promising big returns on trading advice, and lifetime trading advice memberships. The CFTC is looking for restitution of all of the funds solicited, and the case may also see a jury trial. This week news.Bitcoin.com spoke […]

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SEC Official Criticizes State of ICO Industry, Open to Regulated Future

United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite the optimistic outlook, the commissioner has criticized the current state of the ICO industry. Also Read: Taxis Take BCH, Stores Sell BTC in the Russian City of Rostov  SEC Commissioner Expects ICOs Have Legitimate Future In an interview with CNBC, SEC commissioner, Robert Jackson, recently expressed cautious optimism regarding ICOs – predicting that initial coin offerings will be conformed to the […]

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Ether Price Analysis: Bullish Signals Show Strength in Ether

Since bottoming in the mid $300s, ETH-USD has managed to almost double in price over the course of a month. The support at the bottom came from the top of the previous reaccumulation trading range shown below: Figure 1: ETHUSD, 12-Hour Candles, Previous Trading Range Whether this is nothing more than a brief respite in an overall downward trending market remains to be seen. There are several very bullish factors to consider:Figure 2: ETHUSD, Daily Candles, Macro Support We managed to break through the daily candles’ 50/200 […]

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Op Ed: The Emerging War for Talent in Cryptocurrency

Cryptocurrency and blockchain technology continue to disrupt the global marketplace; organizations that leverage these innovative technologies can expect to see an increase in regulatory intervention in 2018. As a result of the proliferation of blockchains and cryptocurrencies, the market is witnessing a fight for talent to fill leadership roles involved with driving adoption of, and compliance with, emerging relevant legislation. Several factors need to be considered by businesses and governments when fighting this latest battle in the war for talent, including the impact on today’s global labor […]

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Verge (XVG) and Stellar (XLM) Trading Got Listed on Bitfinex

Bitfinex – one of the leading cryptocurrency exchanging platforms has declared that it will be adding Verge and Stella’s Lumens tokens on its trading list. The rates of both cryptocurrencies have seen bullish trends for the last seven days. The announcement was made via separate blog post. “Adding Stellar and Verge to our platform underlines our commitment to extend the reach of Bitfinex traders to the most exciting investment opportunities in the space. With a stellar combined market cap of $9+ billion, these elite tokens bolster our […]

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Market Update Report May.1

This week we had a lot of positive news around the Crypto market, Bitcoin slightly dropped since last week. Unlike Bitcoin’s relative stability, the alternative coins are celebrating and the volatility has reached, as expected, after a long upward trend. The last day shows a trend of correction in trading against the dollar. However, the crypto market is unpredictable and it is difficult to predict when a correction will occur. But, as we know the market, a trend shift will occur in the euphoria stage. Nevertheless, it seems […]

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London-Based LBX Exchange Adds Bitcoin Cash to Its Offerings

London Block Exchange has listed Bitcoin Cash (BCH) and Ethereum Classic (ETC) among its cryptocurrency offerings. The platform dedicated to the UK market now trades six cryptocurrencies against the GBP. LBX opened with OTC trades in November and promised to add multiple new coins in the future. The exchange also offers on-shore UK banking. Also read: Bitcoin Cash Adoption Continues: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing London Block Exchange Now Trades Six Cryptos London-based cryptocurrency exchange LBX has added support for Bitcoin Cash (BCH) and Ethereum Classic […]

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