Two Asian Crypto Exchange Giants Partner to Expand Global Reach

South Korean crypto exchange Bithumb has announced a strategic partnership with Singapore-based exchange, Bitmax.io. This move will create new opportunities to reach global traders and investors. BOTH EXCHANGES EXPERIENCING GROWTH The two exchanges are among the most popular in terms of liquidity, with each having over USD $350 million in adjusted trading volume per day. Bithumb is among Korea’s largest, having been in business since 2014. Singapore-based Bitmax is much newer, having been founded in 2018, yet it has quickly Read more …

A Defense of This Support Could Send Ethereum on a Massive 200% Rally

Ethereum (ETH) has seen some incredibly bearish price action over the past several days and weeks, with Bitcoin’s recent break below $10,000 catalyzing a short-term downtrend that has impacted all major cryptocurrencies. This bearishness has led ETH to retrace down towards its key support at $240, which its bulls have been ardently defending over the past couple of days. Now, analysts are noting that there is one critical support that bulls need to defend, and that a strong bounce at Read more …

Two Asian Crypto Exchange Giants Partner to Expand Global Reach

Advertisment South Korean crypto exchange Bithumb has announced a strategic partnership with Singapore-based exchange, Bitmax.io. This move will create new opportunities to reach global traders and investors. BOTH EXCHANGES EXPERIENCING GROWTHThe two exchanges are among the most popular in terms of liquidity, with each having over USD $350 million in adjusted trading volume per day. Bithumb is among Korea’s largest, having been in business since 2014. Singapore-based Bitmax is much newer, having been founded in 2018, yet it has quickly Read more …

Binance Cloud to Allow Users to Launch a Crypto Exchange Within 5 Days

Binance’s newly released Binance Cloud platform might be somewhat different from what the crypto industry expects the new feature to be. After Binance founder and CEO Changpeng Zhao (CZ) first hinted at the introduction of Binance Cloud on Feb. 8, the new service has been officially released on Feb. 17, targeting users willing to set up crypto exchanges, according to a blog post by Binance. All-in-one infrastructure for launching a crypto exchange According to the announcement, Binance Cloud will serve Read more …

Litecoin Founder Slams Ethereum’s Fastest Growing Use Case in DeFi Hack’s Wake

Following a recent DeFi smart contract compromise, Charlie Lee has attacked the sector for being centralised. The Litecoin founder called the decentralised finance industry, growing fastest on Ethereum, “decentralization theatre”. The most recent application to succumb to a smart contract security breach is the non-custodial crypto margin trading service Fulcrum. Following the compromise, developers at Fulcrum have frozen the affected contract. Is it Really Decentralised if Someone Can Shut it Off? Litecoin Founder Charlie Lee has criticised the rapidly expanding Read more …

50 Cent, Talib Kweli, Snoop Dogg and Nas: Celebrities Who Could Be Bitcoin Millionaires

Many celebrities have mentioned the benefits of bitcoin and leveraged the asset for certain projects. For instance, 50 Cent, Snoop Dogg and Talib Kweli all sold albums for BTC, but when cryptocurrency prices skyrocketed, 50 Cent told the public he sold his coins as soon as he got them. Many other celebrities from Hollywood and the music industry have used digital assets to help bolster their marketing efforts. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Read more …

Crypto Market Crash: This Technical Structure Puts End to Uptrend

Although the crypto market has been surging since the start of 2020, the Bitcoin and altcoins may be experiencing the early stages of the year’s first major correction. The technical structure of the recent, short-term uptrend has been broken, suggesting that further downside is due in the days ahead. However, the uptrend on higher timeframes remains strong, so any correction is likely limited and will rebound to new highs following a local low being set. Crypto Market Uptrend Technical Structure Read more …

Visa Head of Crypto Sees Bright Future for Bitcoin

Advertisment Cuy Sheffield, Head of Crypto at credit card giant Visa, envisions Bitcoin Sats as the internet native unit of account for purchases less than one cent. He sees this as the main use case where the leading asset can supersede fiat.  Sats, an internet native micropayment standard 15/ Bitcoin uniquely has a native unit of account called a “sat” that currently represents 1/100 of a cent while BTC is $10k. The brand of “sats” is far from mainstream, but Read more …

Russia’s Central Bank Proposes New Token Framework, But Labels Crypto Transactions ‘Suspicious’

The Central Bank of Russia (CBR) has formally proposed a legal framework for tokenization, but also plans to label cryptocurrency transactions as suspicious activity, it said in a press release Monday. The CBR announced it had successfully piloted a platform that allows users to tokenize assets, including equities and currencies, and issue them to investors. Ivan Zimin, director of the CBR’s financial technology department, said in the release that the bank had now proposed using the platform as a framework Read more …

Bitcoin Price Rally Over? Key $9.4K Support Zone Holds for Now

Bitcoin (BTC) price was unable to hold the psychological barrier of $10,000 and couldn’t break through the resistance of $10,400. This rejection caused a corrective move to $9,450, leaving a $400 CME gap behind. Following Bitcoin’s severe correction, many altcoins also retraced more than 10% over the weekend.  But does this mean the bullish momentum is over?  Crypto market daily performance. Source: Coin360 Rejection at $10.4K triggers a 10% selloff BTC USDT 1-day chart. Source: TradingView The price of Bitcoin Read more …

This Simple Factor Shows Bitcoin’s Selloff Not as Bearish as it Seems

Bitcoin and the aggregated crypto market have seen an intense overnight selloff, which comes close on the heels of the bearishness that the markets experienced over the weekend when BTC plummeted below $10,000 in a violent movement. This downwards momentum, however, may not last long, as one prominent analyst is noting that it is not a high time frame trend change, and that bears are currently fighting against oversold conditions. If this possibility proves to be valid, then BTC could Read more …

Ripple to Become the Amazon of Crypto By 2025: Brad Garlinghouse

Brad Garlinghouse, CEO of Ripple took to the airwaves and spoke with CNN’s Julia Chatterly about the current state of Ripple, XRP, and the company’s plans for 2020. Garlinghouse concluded that in 5 years, Ripple wants to become the Amazon of the crypto industry. Ripple grew during bear market, other blockchain projects had layoffs Brad Garlinghouse was interviewed by CNN’s Julia Chatterly, this morning, and spoke about the state of Ripple, and its future plans. The Ripple CEO sees Ripple Read more …