Day: August 1, 2018

Coinbase Adds British Pound for UK Crypto Users

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Crypto exchange Coinbase is now offering deposits and withdrawals denominated in the British pound (GBP), the firm announced Wednesday. The exchange’s U.K. division will now offer same-day deposits and withdrawals from the platform, allowing transfers to happen almost immediately. In a statement, Coinbase U.K. chief executive Zeeshan Feroz wrote that this system will replace the previous method, which had customers convert cryptocurrencies into euros before converting a second time into pounds. The old process took several days, he said, an aspect that the new process will skip altogether. Feroz explained: “Customers…

From a Hard Fork to Easy Going

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One year ago to the day, Bitcoin Cash (BCH) came into existence after a hard fork from the Bitcoin blockchain. It has been an interesting 12 months since the fork gave birth to BCH, as proponents have continuously argued the merits between Bitcoin (BTC) and BCH. Nevertheless, on the anniversary of the creation of Bitcoin Cash, it is worth revisiting what caused this altcoin to come into existence and what it aimed to do. How did we get here Since its inception in 2009, Bitcoin’s user base has steadily grown…

Bitcoin Dips Below $7,500 аs Crypto Markets See Second Day of Losses

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August 1: Crypto assets have seen a second day of losses, with Bitcoin (BTC) now well below the $8,000 psychological price point and most of the major crypto assets in the red, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,490 to press time, having lost almost 3 percent on the day. Since the coin’s July 25 peak at $8,431, the leading cryptocurrency dipped down below $8,000 yesterday for the third time this week. The coin saw another sharp drop this morning, before trading…

Japan’s SBI Group to Develop Crypto Derivatives Platform Following New Investment

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Japanese financial services giant SBI Holdings will expand its crypto business portfolio by acquiring a 12 percent stake in Clear Markets, according to SBI’s financial results report published July 31. SBI is scheduled to acquire up to 20 percent in the future. Clear Markets is a U.S.-based electronic trading platform developer and operator that offers over-the-counter derivatives electronic trading services in the U.S., U.K., and Japan. SBI’s new stake in Clear Markets is part of an effort to create a cryptocurrency derivatives trading platform catered toward institutional investors. The platform…

Galaxy Digital LP Trades on TSX Venture Exchange

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Mike Novogratz, a former Goldman Sachs Group Inc. partner, is far past the point of no return with his Bitcoin merchant bank. Galaxy Digital LP trades on TSX Venture Exchange as of today says Bloomberg, despite the crypto market’s bear movement in 2018. Galaxy Digital LP Trades on TSX Venture Exchange Galaxy Digital, former Goldman Sachs partner Mike Novogratz’s crypto bank, is making a belated debut after a plunge https://t.co/ypKfDyxkRD #tictocnews pic.twitter.com/GpPmJcgHBE — TicToc by Bloomberg (@tictoc) August 1, 2018 The process to get Galaxy on the TSX has been…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 01

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Trading cryptocurrencies can be extremely risky, but equally rewarding, especially for someone who is positioned on the right side of the markets. While a buy and hold strategy is profitable when the trend is outright bullish, it is a better strategy to get…

CoinMarketCap Launches ‘Professional’ Paid API For Developers and Funds

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Crypto data tracker CoinMarketCap.com (CMC) has launched a professional, paid API targeting developers and funds, according to an official announcement published August 1. The new product reportedly aims to serve as a key “pipeline” that will provide accurate and differentiated data for developers and funds across crypto product prices, market capitalization, conversions, and trading pair data aggregated from multiple exchanges. According to CMC’s announcement, the new features offered come at a fee, and are tiered between “hobbyist” access that starts from $79 per month to a “professional” contract that starts from…

Tom Lee’s Market Research Firm Fundstrat Adds Bitcoin as Payment Method

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Fundstrat Global Advisors, market strategy and research provider, announced the firm will start accepting Bitcoin (BTC) for content via Bitpay, according to a press release shared with Cointelegraph July 31. In what the company claims is a first for research firms, Fundstrat has added Bitcoin payments to its platform via payment operator BitPay, which processed more than $1 bln in Bitcoin payments in 2017. According to the press release, the new feature will allow institutional investors, as well as financial advisors, high net worth individuals and other entities to use…

Blockchain Platform to Promote Japanese Culture Through Movies, TV Shows and Music

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A blockchain-based company says it is seeking to cater to what it calls a growing demand for Japanese culture — creating animations, music, games and movies, as international interest in this industry grows. According to MINDOL’s white paper, the country’s government is investing heavily in a “cool Japan” strategy, designed to showcase powerful content and enable a market already worth 12 trillion yen domestically (about $108 million) to generate even more revenue from devoted fans in the U.S., Europe and elsewhere. The company has a thorough plan for producing content,…

Morgan Stanley Hires Credit Suisse Crypto Expert as Head of Digital Asset Markets

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Multinational investment bank Morgan Stanley has hired a self-described crypto trading expert and 12-year veteran of Credit Suisse as its new head of digital asset markets, eFinancialCareers reported July 31. The new appointment, Andrew Peel, spent his last three years at Credit Suisse as vice president of sales and trading innovation, in which role he acted as “trading subject matter expert for Bitcoin and cryptocurrencies” according to his LinkedIn profile. His page also includes an independent position as “advocate of crypto markets” as of June 2013. Nabbing a crypto enthusiast…