Day: August 3, 2018

Coinbase Custody Considers Addition of 37 New Assets Including XRP, EOS and XMR

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San Francisco-based exchange and wallet service Coinbase announced today, Aug. 3 that it is exploring the addition of 40 new assets to its custodial service, Coinbase Custody. The blog post stresses that the crypto assets may be added “for storage only,” and that Coinbase will add them “as quickly and safely as possible.” Coinbase states that they are not currently considering the assets for trading. According to the post: “We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our…

First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million

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A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE).  U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be listed on the LSE. The company raised £5 million (about $6.5 million) more than its initial goal of £20 million through the IPO.  Argo kicked off on the exchange with about 156 million shares accounting for 53.2% of its issued shared capital, according to a company document. Shares were priced at 16…

Tezos Price Spikes 10% In 24 Hours, Signaling Recovery From Recent Setbacks

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Tezos, a cryptocurrency that launched its crowdsale in July 2017 with the promise of being the first “self-amending” cryptocurrency, posted a 10 percentage point gain in the last 24 hours, a sign that it is recovering from some recent setbacks. Today’s bump could reflect a stabilization following the hit that the tezos price experienced as a result of its internal disputes and class action lawsuits related to its ICO, which raised $232 million. Source: CoinMarketCap The price was $1.56 at 4:39:11 UTC today and reached $1.90 at 4:49:11 UTC, according…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 03

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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. The total market capitalization of cryptocurrencies has dived to about $266 billion from above $300 billion on July 27. Such price swings are a common phenomenon on the cryptocurrency market. However, investment bank UBS believes that instability is a major hindrance to Bitcoin…

Bitcoin Price Intraday Analysis: BTCUSD Forming Bearish Pennant

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Bearish bias stayed for dinner, and it now wants to stay the night. There is no stopping to the prevailing selling sentiment in the Bitcoin market. Over the past one week, after establishing a weekly high at 8512-fiat, the BTC/USD pair has slipped 11.6% already. The price action in the past 24 hours has somewhat remained stable, with the pair dropping to a new intraday low around 7280-fiat, and erasing losses in a follow-up bullish correction. We have to say that we made a minimal loss today. Upon breaking below…

Crypto Daily News | Bithumb Trade Volume Drops and Bakkt Release

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In today’s edition of Crypto Daily News, we’ll cover why Bithumb has dropped nearly 40% in its trade volume and why Bitcoin (BTC) was unaffected by the NYSE news. Crypto Daily News: August 3rd, 2018 Bithumb Sees Slump in Trade Volume The world’s 13th largest cryptocurrency exchange by its current trade volume, Bithumb, has dropped a substantial amount since it was hacked back in June. Three days ago, the South Korean exchange halted all new user accounts, plus deposits and withdrawals, and its exchange volume dropped even further. In just…

Will Wall Street Go Head-First Into Crypto?

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Following a breakout year for cryptocurrencies, 2018 has been extremely challenging — to say the least. With Bitcoin and numerous altcoins hitting all time highs in December, a sobering market correction followed and the markets have only started to settle midway through this year. There have been many reasons for the cryptocurrency markets being battered by bearish sentiments across the board. However, having passed the midway mark of the year, there are increasingly encouraging signs that institutional investors are changing their tune once again — hinting that mainstream adoption is…

Bitcoin Price Must Hit $213,000 to Become Viable USD Replacement: UBS

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Even after weathering a bear market that wiped out more than 60 percent of the flagship cryptocurrency’s value, the bitcoin price continues to trade at a mark far above what its critics thought it could ever reach. Nevertheless, it still has a long way to go if it hopes to supplant the U.S. dollar or even become a viable tool for global payments. That’s according to a new report from Swiss investment bank UBS, which found that the bitcoin price must reach $213,000 to replace the estimated $3.63 trillion worth…

Japan’s Tech Giant Sony Offers Solutions for Boosting Blockchain Hardware in Two Patents

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Japanese electronics giant Sony has filed two patents for boosting blockchain-based ecosystems, according to filings 20180218027 and 20180219686 published by the U.S. Patent and Trademarks Office (USPTO) Aug. 2. Through the patents, Sony intends to improve the design and structure of blockchain hardware by introducing new circuitries to the processes of distributed ledger technology. The first application, entitled “Electronic Node and Method for Maintaining a Distributed Ledger,” describes an electronic device for maintaining a blockchain based on multiple electronics nodes, including multiple blocks associated with at least one of the…

Counterparties Could Foot the Bill For $416 Mln BTC Futures Trade Shortfall on OKEx

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Crypto exchange OKEx has issued an official statement today, August 3, in response to its forced liquidation of a colossal misfired Bitcoin (BTC) futures trade worth a notional $416 million that was initiated by an unidentified problem trader earlier this week. OKEx, currently the world’s second largest exchange by traded value, has said that its risk management alert system was immediately triggered when the long position was initiated by an anonymous futures trader at 2 a.m. (Hong Kong Time) July 31. Due to the “sheer size of the order” —…