Month: November 2019

Bitcoin (BTC) changed its volatility characteristics as Cameron and Tyler Winklevoss unveiled the first Bitcoin exchange-traded fund (ETF), new data claims. Uploaded to social media by well-known statistician Willy Woo on Nov. 1, a chart of Bitcoin volatility shows a new phase beginning around March 2017.  Woo: “Smart money came in” after Winklevoss rejection This, the time at which U.S. regulators rejected the Winklevoss’ ETF application, was nonetheless a watershed moment for Bitcoin. “My thesis has always been that the Read more …

Advertisment If you are interested in getting free cryptos, here is our list with some of the top airdrops that will take place in November. Bitnordex Estimated value: $60 End date: 5 November Bitnordex is an operating exchange based on secure technology which supports fiat to crypto conversions, fiat transfers and withdrawals, margin trading, as well as OTC trading. Bitnordex adheres to all required EU laws, with the company being headquartered in a regulated jurisdiction. The exchange employs advanced trading Read more …

On March 7, 2019, all the lights went out in Venezuela. Total blackout. While the electricity crisis was already part of everyday life, the blackout still crippled communications across the country. It also inspired Venezuelan Randy Brito to focus fully on the Locha Mesh initiative, an open-source project working to enable private messages and payments without an internet connection. During the blackout earlier this year, it became clear to Brito that poor internet infrastructure was a leading barrier to crypto Read more …

A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent “Sharia-compliant” cryptocurrency and a host of other get-rich-quick schemes. As Gulf News reported on Oct. 30, Aziz “Com” Mirza had cultivated for himself a reputation as an entrepreneur, mentor and Instagram influencer.  He now sits in Al Awir jail after a complaint was filed with the Dubai Police by a UAE resident allegedly defrauded of $150,000 in one of Com’s schemes. The “Bitcoin of the Middle East” Com Read more …

Advertisment Fight to Fame is the first Blockchain-based sports and entertainment platform that is going to revolutionize the use of Blockchain technology. It is providing a famed platform to the fighting professionals and artists to become the next Hollywood Action superstars. The firm is organizing an Action Star Reality show in partnership with famous Hollywood production groups.  The project is creating a blockchain technology platform that is fuelling everything from fair monetizing opportunities for contestants to the global engagement of Read more …

Crypto derivatives exchange BitMEX is implementing major changes to the weights of its indices later this month, according to an announcement published today, Nov. 1. The exchange says the update is a bid to ensure that users trade against a reference price that “more closely reflects the market consensus price of underlying assets.” New weightings and new index-constituent exchanges With the new indices set go live on Nov. 22, published details indicate that the most significant changes will be the Read more …

Huobi Cloud, part of the crypto exchange Huobi Group, has announced its plan to provide more local financial institutions with white-label exchange services based on cloud technology in the Middle East and Africa. Existing institutions include the Nigeria-based SaBi exchange, with about $100,000 worth of daily crypto trading volume, and the South African exchange HIZA, which is expected to go live in the fourth quarter. Mohit Davar, EMEA regional president of Huobi Group, described to CoinDesk how these institutions are Read more …

Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding former president Mario Draghi and the ECB’s negative interest rate policy, she went on to imply that people should be grateful for the job policies, savings Read more …

Cryptocurrency futures and options exchange Deribit says it will use its own money to refund users affected by an exchange rate miscalculation. In a tweet on Nov. 1, Deribit recognized its role in the error, which occurred on Thursday and resulted in Bitcoin (BTC) trading at around $7,700. Deribit: crash caused by “outlier” value This, in turn, caused traders to be paid a lower price for BTC/USD sells, with Deribit calculating the losses at $1.3 million.  Deribit Bitcoin futures chart. Read more …

Bitcoin by design is secure, for people to be their own banks it needs to be. Responsibility for your own assets and private keys is of paramount importance, even more so if you are a custodian of assets for others. Clients of one African crypto exchange have found out the hard way. Bitcoin Exchange Boss Does a Runner Africa is primed to be the next frontier for bitcoin adoption. According to Binance research search trends for bitcoin in Africa have Read more …

Nothing drives up demand for Bitcoin more than economic and political uncertainty. Well maybe a large dose of China initiated FOMO, but fundamentally BTC acts as a solid hedge against failing fiat and economic policy. This year has not been one to remember for a number of nations, and that has clearly been reflected in their demand for digital assets. Bitcoin Demand Surging The economies and local currencies of two South American countries have been battered this year. According to Read more …

Ripple price is facing an increase in selling pressure below the $0.2980 resistance against the US dollar. The price is likely to decline below the $0.2880 support before it could start a fresh increase. There is a key bearish trend line forming with resistance near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is also declining, but it might find a strong support near the $175 level. Ripple price is slowly declining below key Read more …