Tag: altcoins

Bitcoin, Ether, and XRP Weekly Market Update: January 24, 2019

Bitcoin, Ether, and XRP Weekly Market Update: January 24, 2019

BITCOIN, BTC MANAGER, ETHEREUM
The global market cap is down $2 billion since January 17, 2019, and now stands at $119 billion. Bitcoin lost 1.7 percent for the seven-day period while ether and XRP declined 5.7 percent and 4.2 percent respectively. BTC/USD Bitcoin closed its second day of gains on January 17 and moved north to $3,720. However, it could not keep the momentum and retreated on January 18 sliding back to $3,675. Generally, the BTC/USD pair has been moving indecisively within the $3,650 to $3,750 range for four days in a row. On January 19, it once again registered a green day by climbing up to $3,760. It then broke above to reach $3,880 during the trading session, but the pressure from sellers was far too big to ignore. This was most obvious on January 20 when bitcoin lost 4.6 percent of its value and stopp...
Coinbase Unveils Services for High-Volume Crypto Investors in Asia and Europe

Coinbase Unveils Services for High-Volume Crypto Investors in Asia and Europe

BITCOIN, BTC MANAGER
On January 22, 2018, Coinbase, the American cryptocurrency exchange, announced the launch of new trading and custody services for Coinbase Prime and Coinbase Pro which will allow high-volume investors in Asia and Europe to trade virtual currencies, make cross-border payments, and store digital assets in its cold storage. Coinbase Leading the Crypto Revolution On its blog, Coinbase revealed the launch of new features and services for its suite of products such as Coinbase Pro, Coinbase Prime, and Coinbase Custody which can be used by high-volume investors in Asian and European regions. According to the exchange, as from January 22, 2019, Coinbase Prime customers in either continent can use its professional trading platforms to deposit, withdraw, and trade USD for virtual currencies. At the ...
Coinbase still Long on Bitcoin as CEO Investigates Details for Creating Value

Coinbase still Long on Bitcoin as CEO Investigates Details for Creating Value

BITCOIN, BTC MANAGER
There are many cryptocurrency traders, investors, and enthusiasts that might have grown tired of Bitcoin price predictions, given the fact that the markets are so volatile. For example, Tom Lee of Fundstrat Advisors, who has frequently appeared on popular media platforms such as Bloomberg and CNBC, gave various incorrect predictions about the price of Bitcoin before ultimately abandoning the prediction game. However, one individual is making a big prediction, even though there isn’t a specific price associated with it. That individual is Brian Armstrong, the CEO of Coinbase, one of the most recognized companies in the cryptocurrency sector which is valued at around $8 billion. Specifically, he believes that major strides will be made with regards to regulation. Where did all these people
B2C2 Now Offering Clients Point-and-Click OTC Bitcoin, Ether, Litecoin, and Bitcoin Cash Trading Execution

B2C2 Now Offering Clients Point-and-Click OTC Bitcoin, Ether, Litecoin, and Bitcoin Cash Trading Execution

BITCOIN, BTC MANAGER, ETHEREUM
B2C2, a leading cryptocurrency over-the-counter (OTC) liquidity provider for digital assets exchanges and financial institutions, has announced its streaming pricing feature aimed at enabling OTC traders to carry out “point-and-click” trading execution, according to a Business Wire press release on January 21, 2019.   OTC Traders’ Orders Executed in Real Time In its bid to eliminate all forms of delays in OTC order execution, B2C2 has launched a new secure web interface to enable its OTC cryptoassets traders to execute trades in real-time on a two-way market. As stated in its press release, the innovative feature makes it easier for OTC cryptocurrency traders to monitor live price movements of blockchain-based virtual currencies and execute orders with the click of a button. For the uninit
New EOSIO Protocol a Favorite among Developers and Enterprises

New EOSIO Protocol a Favorite among Developers and Enterprises

BITCOIN, BLOCKCHAIN, BTC MANAGER, EOS, ETHEREUM
Despite being less than seven months old, Block.one’s EOSIO blockchain protocol is already a favorite among enterprises and developers as there are currently more than 250 projects being built on the network, the company announced in a blog post on January 21, 2019. Developers Flock to EOS Following Latest Update The EOSIO blockchain protocol published by Block.one is on its way to breaking all kinds of records when it comes to blockchain adoption and it’s not even a year old. With over 260 different projects being built on the network, it’s safe to say that the platform has become a favorite among developers. According to Blocktivity, EOSIO is the most used blockchain in the world, as its platform offers developers the opportunity to build services that have real-world utility. Many enter
Crypto Exchange Huobi still Profitable Despite Layoffs, Reports CEO

Crypto Exchange Huobi still Profitable Despite Layoffs, Reports CEO

BITCOIN, BTC MANAGER
On January 22, 2019, Livio Weng Xiaoqi, the chief executive of Huobi Global, insisted that the company is still profitable despite the bear run and event layoffs, as new projects are launched. Beating the Bear Run Within the last year, there have been significant changes in the global cryptocurrency market and not all of them good. Last year, crypto firms saw rapid expansion and record profits and this year, many have filed for bankruptcy and closed shop. Despite the current situation, Beijing-based Huobi Group has managed to stay afloat. Last year, they gave a 300 bitcoin bonus (worth over $3 million at the time ) to a senior executive and this year, they have been forced to lay off some of their workforce. Regardless of this, Livio Weng Xiaoqi, chief executive of Huobi Global, insists...
CoinZest Airdrop Event Goes Wrong, Customers Receive $5.3 Million Worth of Crypto

CoinZest Airdrop Event Goes Wrong, Customers Receive $5.3 Million Worth of Crypto

BITCOIN, BTC MANAGER
CoinZest,  a South Korean cryptocurrency exchange has been left with no choice but to roll back all transactions on its servers after it mistakenly airdropped bitcoin and altcoins amounting to $5.3 million to its clients, instead of the intended We Game tokens (WGT), according to local news source, CoindeskKorea on January 19, 2019. CoinZest Systems Go Haywire Per sources close to the matter, CoinZest, a South Korean cryptocurrency trading venue has experienced a massive system mishap while trying to perform an airdrop. Reportedly, the crypto exchange was trying to conduct a promotional event that involves airdropping 400 WGT tokens to a select group of customers. However, the operation didn’t pan out smoothly as a bug in its system triggered a transfer of massive sums of bitcoin (BTC), et
STOs Are the Future of Blockchain Investment, Says Autonomous Next  

STOs Are the Future of Blockchain Investment, Says Autonomous Next  

BITCOIN, BLOCKCHAIN, BTC MANAGER
Autonomous Next published a report on January 21, 2019, which states that the blockchain industry saw $24 billion in funding in 2018, most of which came from unverified self-reported crowdfunding ventures. Unverified Figures Autonomous Next ’s report stated that in December 2018, there was an almost even split between the funds raised through traditional venture capital and those raised through ICOs. The reported figures for the month of December are $490 million raised through ICOs and $310 million raised through venture capital funding. (Source: Next Anonymous) However, it is noted that the figures for ICOs cannot be verified as they are self-reported. It is believed that some of the figures reported for December were actually raised earlier in the year and, as a result, the word of
Bank of England Senior Advisor: Cryptocurrencies Neither a Good Store of Value nor a Medium of Exchange

Bank of England Senior Advisor: Cryptocurrencies Neither a Good Store of Value nor a Medium of Exchange

BITCOIN, BTC MANAGER, CRYPTOCURRENCY
Huw van Steenis, the senior advisor to Bank of England (BOE) Governor Mark Carney believes that cryptocurrencies “fail fundamental tests” to compete with the traditional financial market institutions, reports Bloomberg on January 21, 2019. Cryptocurrencies Aren’t a Great Unit of Exchange Cryptocurrency proponents the world over are banking on the technology’s potential to replace the centralized financial institutions in near future. However, it seems that critics of cryptocurrencies are still not sold on the idea of a virtual store of value. The latest individual to voice their disagreement over cryptocurrency is Steenis, senior advisor to the BOE Governor Mark Carney. Speaking in a Bloomberg Television interview, Steenis shared his thoughts on the future of finance. He praised the work b