Year: 2019

Despite the interest of major cryptocurrency exchanges in pursuing the DEX model, decentralized exchanges have hit an all-time low in terms of USD traded value. Trading Volume at All-Time Low According to a new research by Diar, decentralized exchanges (DEX) have now hit their all-time low in terms of USD traded value. The report outlines that since June 2017 – when DEX started to appear, their total trading volume is $8.9 billion. During the month of January this year, however, decentralized exchanges Read more …

This week, prominent U.S.-based crypto exchange Gemini revealed it had become the first-ever cryptocurrency exchange and custodian to successfully complete a System and Organization Controls (SOC 2) for Service Organizations Type 1 examination. The SOC 2 examination was conducted by “Big Four” auditor Deloitte & Touche LLP, and helps cement Gemini’s reputation for pushing the envelope for cryptocurrency compliance and regulation, and its status as an industry standard-setting leader in the crypto space. Gemini Completes SOC 2 Exam, Proving Compliance Read more …

“Crypto winter” has come and taken its toll on a number of prominent payrolls. However, a survey by CoinDesk of 66 startups has found that the majority say they’ve managed to avoid serious setbacks or revisions to their product roadmap. Of the 45 who responded to the inquiry, 40 gave a generally positive prognosis about the coming year, though many came with caveats about further fundraising or hiring. No one loves this market, the companies say, but it’s not making Read more …

The cryptocurrency market experienced a minor-to-moderate recovery on Wednesday, but that doesn’t mean the mood has turned bullish. The Bitcoin price’s technical factors still favor selling, even as the asset pushes back toward $3,500. In the altcoin markets, Bitcoin SV has continued its long-running slide from glory over the past few days of trading. At present, a single BSV coin is worth less than 1 Dash. Bitcoin Price Flashing ‘Strong Sell?’ Bitcoin earned a sell rating across markets. On itBit, Read more …

South Korea-based fintech firm BxB Inc. has launched the first supposed stablecoin backed by the Korean won, according to a press release shared with Cointelegraph on Jan 29. There was an initial beta soft launch of the coin on Airswap, a decentralized exchange platform, before the tokens were released on the global and Korean exchange, according to a Medium blog post by the co-Founder of BxB Inc, Alex Friedberg, earlier this month. The coin, KRWb, is reportedly the first stablecoin Read more …

Earlier this week, the crypto markets experienced a bloodbath that was the direct result of Bitcoin failing to hold above its support level that existed around $3,550. Bitcoin’s ensuing drop led most cryptocurrencies to plunge 10% or more, from which many of them have since recovered. Ripple (XRP) is currently leading the markets, but most other cryptos have also seen decent gains today. Today’s upwards price surge may signal that the markets are going to start a fresh upwards trend Read more …

The first major Bitcoin conference, Bitcoin 2013, was held in San Jose, California. Organized by the Bitcoin Foundation, it was centered on Bitcoin specifically and the more pragmatic issues that Bitcoin was trying to solve, particularly in the areas of Bitcoin technology, Bitcoin mining, Bitcoin business and regulatory issues. Writing for Bitcoin Magazine at the time, Vitalik Buterin commented, “For long-time Bitcoin users, events like this are particularly emotional; here, for the first time, we are able to see fellow Read more …

Alipay and WeChat Pay reportedly requested that crypto exchange Huobi remove their payment services from its over-the-counter (OTC) trading desk, local media agency Sina reported on Jan. 25. Major Chinese digital payments providers, Alibaba’s Alipay and Tencent’s WeChat Pay, have reportedly sent legal letters to Huobi, claiming that using both their services and logos on the exchange’s OTC market is unauthorized. According to information acquired by Sina, both Alipay and WeChat Pay have not provided Huobi with its payment services, Read more …

As the largest and most established cryptocurrency, Bitcoin has earned a reputation among many as “digital gold.” Long-term HODLers and Bitcoin proponents either compare Satoshi’s invention to the precious metal or claim that it’s better than gold. But new research from the World Gold Council says otherwise. Gold kicks Bitcoin’s sorry ass. World Gold Council Report In a report published on Tuesday, the World Gold Council touches upon the erratic performance of all major markets in 2018, including gold. However, Read more …

Earlier this week, Bitcoin (BTC) failed to uphold its previously established support level around $3,550, which led to a sharp drop to $3,400. Although at the time of this drop many analysts expected BTC’s main region of support to exist around its 2018 lows at approximately $3,200, the cryptocurrency was able to find support at $3,400. Because Bitcoin has established $3,400 as a level of support for an extended period of time, it may soon be able to climb back Read more …

In a late December video that was just posted on YouTube this week, TD Ameritrade Manager of Trading Strategy Shawn Cruz told Nasdaq TradeTalks that TDA clients had regained interest in Bitcoin following its dive below $4,000. TD Ameritrade Says Clients are Growing More Interested in Trading Bitcoin Cruz said: I’d say that whole space is really in its infancy right now. It makes sense you’re going to see a lot of volatility there. It’s really driven by sentiment. […] Read more …

Fidelity Investments, one of the world’s largest asset managers, is breaking into bitcoin custody. According to a recent report from Bloomberg, three people “with knowledge on the matter” from firms in contact with Fidelity have said that the company is tentatively planning to launch a custody service for bitcoin in March. This move would fall in line with the company’s recent pushes toward the crypto space. Last October, Fidelity announced the creation of a platform for institutional traders to invest Read more …