Month: February 2019

Much excitement has been building since the large American financial services firm Fidelity Investments first announced back in October that they were building a cryptocurrency trading and custody platform. They are now almost ready to launch their Fidelity Digital Assets Exchange. Fidelity Investments is an investment management company that was established back in 1945 as a mutual fund company. Over the years, they have become synonymous with providing a vast plethora of financial services in regards to wealth management and fund Read more …

IBM is continuing its foray into blockchain trade management, completing a new trial which shipped 108,000 mandarin oranges to Singapore, a press release confirmed on Jan. 31. IBM, which is focusing on speeding up efficiency in multiple trade environments, used the technology to reduce paperwork handling and costs for the shipment, which originated in China. Singapore is importing a significant quantity of mandarins ahead of the lunar new year. Transit was handled by Pacific International Lines (PIL) using an electronic Read more …

When the first two crypto hedge funds came on the scene in December 2017 the entire market and industry was in a completely different place. Bitcoin was trading in five figures and on a seemingly unstoppable upward surge so shorting it, as these funds allowed for the first time ever, was the better bet. Hedge Turns Venture for Long Term Investments Just over a year later the scene is completely different and crypto markets appear to be a desolate wasteland Read more …

Just a few days after its withdrawal, Cboe has resubmitted the VanEck/SolidX Bitcoin ETF proposal for approval by the Securities and Exchange Commission. The latest possible deadline for approval is now likely sometime in early October.  No Time Wasted Gabor Gurbacs, Director of Digital Assets Strategy at VanEck, revealed that Cboe has resubmitted the VanEck/SolidX Bitcoin ETF proposal for approval by the SEC. If approved, the proposed rule change would allow the Cboe BZX Exchange to list SolidX Bitcoin Shares Read more …

Crypto markets in selloff this Friday, XRP dumping recent gains, Tron and Stellar falling, NEM collapsing. As expected crypto markets are starting to fall back again as we end the week. Strong down trend lines cannot be broken and the majority of crypto assets are retreating once again as total market capitalization drops back to $112 billion. Bitcoin hit its resistance at $3,500 once again as its intraday high but bounced off it pretty quickly falling back to a low Read more …

A crypto company claims it is offering “the fastest Bitcoin transfer in the world” after adding a brand-new service to its crypto wallet. SovereignWallet says its platform offers banking-grade features to protect user assets, all the while ensuring that completing transactions is as simple as “sending a text.” Until now, those who use Ethereum, ERC20 tokens and the company’s own utility token – MUI – have benefited from a system where they can send crypto to their friends simply by Read more …

The ban on initial coin offerings in South Korea will stay, the country’s financial regulator has said in a statement. The decision by the South Korean Financial Services Commission (FSC) follows a survey which the regulator commissioned. Among the findings of the survey include the fact that some ICO projects misrepresented themselves. For instance, some had claimed to be fundraising abroad but they went on to involve South Koreans. Dirty Tricks Employed to Evade ICO Ban According to the FSC, Read more …

Bitcoin price failed near the $3,478-$3,480 resistance zone and declined recently against the US Dollar. There is a major declining channel in place with resistance at $3,410 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could dip a few points before making another attempt to recover above $3,440. Bitcoin price is struggling to gain momentum above $3,400 against the US Dollar. BTC price might test the $3,360 support before a fresh upward move above Read more …

The total crypto market cap failed to stay above the $110.00B support and declined sharply. Litecoin (LTC) price is consolidating losses above the $30.00 support level. Bitcoin cash price corrected lower and it could test the $110 support level. Tron (TRX) declined more than 5% and it broke the $0.0260 support area. Stellar (XLM) price is under a lot of pressure below the $0.0900 and $0.1000 resistance levels. The crypto market failed to gain momentum, resulting in a fresh drop Read more …

Ripple price faced a strong resistance near the $0.3330 level and declined sharply against the US dollar. There is a major bullish trend line in place with support at $0.2920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either climb back above the $0.3050 resistance or extend the current decline below $0.2900. Ripple price failed to hold gains and declined heavily against the US Dollar and Bitcoin. XRP/USD remains at a risk of Read more …

Exchanges Coincheck has reported 1.73 million downloads of its mobile app since the Japanese cryptocurrency exchange resumed new account signups, withdrawals, deposits and limited trading in October. By the end of December, more than 900,000 of the new users had gone on to confirm their identities, in what looks like a remarkable comeback for an exchange that holds the dubious record of having suffered the worst hack in the short history of cryptocurrency. Also read: Genesis Capital Processed $1.1B of Cryptocurrency Read more …

ETH price failed to hold gains above the $105 level and declined sharply against the US Dollar. There was a break below a major bullish trend line with support at $105 on the hourly chart of ETH/USD (data feed via Kraken). The pair might correct higher in the short term, but the $106 and $107 levels are likely to prevent gains. Ethereum price started a fresh decline against the US Dollar and bitcoin. ETH/USD is still at a risk of Read more …