Month: May 2020

Once a niche enthusiasm with the launch of Bitcoin (BTC), digital money powered by blockchain technology has matured rapidly in just a few short years. The market is now highly diverse. For example, audited stablecoins, along with fixed use digital cash projects introduced by Wells Fargo and JP Morgan last year, stand in stark contrast to cryptocurrencies that fluctuate as much as 10% a day. The ultimate sign of graduation from the margins into the mainstream, however, is perhaps the Read more …

Overstock’s tZERO is seeking regulatory approval to trade blockchain-based securities and traditional stocks on its bitcoin exchange app, tZERO Crypto. Announced during the online retail giant’s Q1 earnings call Thursday, the plan would grant tZERO Crypto’s users access to cryptocurrency, security token and traditional stock trading on a single platform, a regulatory feat none have accomplished yet. Overstock’s security token trading subsidiary is hoping to become the first to break that ground.  tZERO Crypto is tZERO’s noncustodial exchange app supporting Read more …

XRP holders breathed a collective sigh of relief as Ripple continues to pause sales of its native token. This equates to a total of six months in which the firm has not benefitted from “XRP dumping.” The issue first gained traction around the end of 2019. Back then XRP investors claimed that “XRP dumping” (or “programmatic sales”) were causing a glut in supply resulting in price drops. This, claims the community, was the primary reason for poor price performance throughout Read more …

Advertisment Luno, a top cryptocurrency exchange in South Africa and Nigeria, has announced that they will add Litecoin (LTC) next week. Litecoin will be added to the Luno exchange on May 11, with trading commencing on May 12. It will be the fifth cryptocurrency to be listed on the exchange. You want the latest news about Crypto? Then follow us on Google News! “We can confirm that LTC will go live to all customers on the 11th of May. Customers Read more …

Bitcoin’s correlation with the S&P 500 broke Friday as it climbed circa 4.5 percent ahead of the New York opening bell. On the other hand, futures tied to the U.S. benchmark fell 2.26 percent. The losses came despite Amazon announcing record revenues, shifting focus to fresh trade tensions between the U.S. and China. Bitcoin resumed its uptrend Friday after falling towards $8,400 a day before, breaking its sensationalizing correlation with the S&P 500 index, which fell 2.26 percent. The benchmark Read more …

Bitcoin (BTC) was back on May 1 as the largest cryptocurrency regained $9,000 after climbing 7% in less than 24 hours. Cryptocurrency market daily overview. Source: Coin360 BTC price shoots for fresh $9K support Data from Cointelegraph Markets and CoinMarketCap showed a triumphant return to form for BTC/USD, which a day previously had fallen as low as $8,400. After what appeared to be a mass profit-taking exercise during its trip to $9,450 this week, Bitcoin once again surged higher after Read more …

This morning, something very important came to pass: Bitcoin’s monthly candle for April finally closed. It was an occurrence closely watched by many crypto traders and investors. At first, many thought the close was decisively bullish; due to the stunning recovery that has transpired over the past few days, April saw Bitcoin entirely negate the losses sustained during March, with the candle closing around $8,700. According to a quote from a world-renowned technician, the candle that Bitcoin just printed hides Read more …

Ethereum-powered digital art platform ArtID held a security token offering to fund the further development of its marketplace. According to an announcement on April 29, ArtID is seeking five million euros (nearly $5.5 million) in the offering and reached the soft cap set at 580,000 euros within one week. Investors holding the platform’s security tokens will have access to a percentage of the company’s earnings. The offering aims to raise one million euros in a public offering and four million Read more …

Cryptocurrency companies are banned on Google but the platform is allowing phishing sites to impersonate them. London-based bitcoin exchange Coin Corner showed that a fraudulent site mimicking it is allowed on Google’s advertising platform though its own evidence-backed appeals of legitimacy to Google Ads have been constantly ignored. Coin Corner marketing manager Molly Spiers says the policy is exposing customers to fraud. “So @GoogleAds won’t allow @CoinCorner – a long-standing, legitimate business – on their platform, but will allow phishing Read more …

Bitcoin? Ether? Ripple? Meh. During a month where cryptocurrencies zoomed, the lesser-known Tezos beat them all.  Tezos (XTZ), one of the largest and most prominent among a fast-growing roster of digital coins known as “staking tokens,” jumped 83% in April, the most among cryptocurrencies with a market value of at least $1 billion, based on data from Messari.  You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment Read more …

Bitcoin is up again Friday as losses are seen in U.S. stocks futures. Following a rise of 23% over the last two days, though, the rally looks overstretched and the gains may be short-lived. At press time, the biggest cryptocurrency by market value is trading near $8,860, representing a 2.8 percent gain on the day, according to CoinDesk’s Bitcoin Price Index. Prices have risen from lows near $8,600 seen earlier today. Meanwhile, the futures tied to the S&P 500, Wall Read more …

The past few days have undoubtedly been bullish for Bitcoin, with the cryptocurrency ripping over 20% higher from the mid-$7,000s to a price as high as $9,500 over the course of 48 hours. This stunning rally has brought the cryptocurrency above some key resistance levels pointed out by traders. One trader noted that during the move, BTC passed the point at which bears made their “last stand,” marked by a confluence of resistance levels like the 200-day simple moving average Read more …