Day: August 6, 2018

Bitcoin Falls Short of Breaking $7,000, Other Altcoins See Slight Losses

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August 6: Bitcoin (BTC) is making several attempts at breaking back above the $7,000 mark, staking its recovery after a sharp market tumble this weekend. Many major cryptocurrencies continue to see minor losses, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $6,974 at press time, down 1.17 percent on the day. The leading cryptocurrency has made several attempts to break above the $7,000 threshold, trading as high as $7,127 in early trading hours. These fleeting spikes failed to hold as of press time however,…

Robinhood Lists Ethereum Classic, the Crypto Trading Service Is Currently Available in 19 States

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Robinhood commission-free crypto trading app has recently listed Ethereum Classic (ETC), according to an official announcement Monday, Aug. 6. In its recent blog post, the company clarified that Robinhood customers can also invest in Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Dogecoin (DOGE), as well as monitor market data for ten other cryptocurrencies. Currently available in 19 states of the U.S., Robinhood crypto trading app was launched in February, 2018, initially listing on only two cryptocurrencies Bitcoin and Ethereum, and available only for four states. July 12,…

Markets Tech Firm to Launch Crypto Derivatives Exchange

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Interactive financial markets technology platform LevelTradingField is launching a cryptocurrency derivatives exchange using the ethereum blockchain. Dubbed CADE, the exchange is set to go live this September. It will list ERC-20 tokens which track bitcoin, ether, litecoin, bitcoin cash, ripple and monero, with more to be considered on a rolling basis, according to a press release published Friday. These tokens will allow traders to reap the economic benefits of investment in crypto without actually owning any of the digital goods. All derivative tokens on CADE are to be priced in LUSD, a…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 06

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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 crypto world had cheered the prospects of Bitcoin futures trading last year. However, Bitcoin (BTC) prices topped out just as Chicago Board Options Exchange (CBOE) futures began trading. Though not directly responsible for the fall, the futures traders have had an effect…

Wealth Manager Canaccord: Bitcoin ETF Approval More Likely in 2019

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The latest crypto-market report from wealth managing firm Canaccord Genuity posits that a long-awaited approval on a bitcoin exchange-traded fund (ETF) likely won’t come until 2019. In their quarterly update on cryptocurrencies, Canaccord Genuity, Canada’s largest independent investment dealer in Canada, dives into a range of topics, including the topic of security tokens and recent developments in cryptocurrency spot prices. Yet it also hones in on the popular topic of the bitcoin ETF, which the crypto-community has viewed with renewed fervor following a proposed rule change by CBOE, which is…

Ethereum Classic Jumps 10% on a Day of Crypto Markets’ Retreat

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Ethereum Classic today jumped 10-percent against the US Dollar, coinciding with Robinhood’s announcement of adding the coin to its trading app. The Ethereum’s unforked version had started recording gains soon after Coinbase, one of the world’s leading cryptocurrency exchanges announced that it would add the coin to its portfolio. On August 3rd, the day the announcement was made, the ETC/USD had established an intraday low at $14.11. However, the pair collectively gained 18% in value on the same day across all the exchanges, confirming the Coinbase impact. The same day…

Coinbase Taps Amazon Web Services Vet as Engineering VP

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Cryptocurrency exchange startup Coinbase has hired Amazon Web Services veteran Tim Wagner as its new vice president of engineering. Wagner was with AWS for five years, serving as a general manager and overseeing its API gateway, as well as various serverless services. Prior to that, he spent six years at Microsoft as director of development for Visual Studio Ultimate. The development continues Coinbase’s 2018 hiring spree. Since the start of the year, the company has hired Tina Bhatnagar to serve as vice president of operations and technology; Emilie Choi as its…

Researchers Reveal Network of 15K Crypto-Related Scam Bots on Twitter

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New research published today, Aug. 6, has shed light on the infamous phenomenon of cryptocurrency-related Twitter accounts advertising fake “giveaways,” revealing a network of at least 15,000 scam bots. The analysis of Twitter bots, which continue to aggravate and even fool unsuspecting users, came from cybersecurity company Duo Security. The project involved a huge tranche of 88 million Twitter accounts, with researchers using machine learning techniques to train a bot classifier. Using just the latest 200 tweets from each account, the classifier unearthed a mesh of 15,000 bots at work…

Blockchain Adoption to Save Banks $27 Billion Annually by 2030: Research

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A study conducted by market intelligence firm Juniper Research indicates that by deploying blockchain technology financial institutions stand to generate savings amounting to over US$27 billion on cross-border settlement transactions before the end of 2030. On the basis of on-chain transactions, the costs will be reduced by over 11%. #Blockchain deployments to save #Banks more than $27bn annually by 2030, with cost reductions not just in #Payments processing and reconciliation, but in treasury operations and compliance. #Fintech #Banking Read more in our press release: https://t.co/pNWXeopbjO pic.twitter.com/pYk2PYsISQ — Juniper Research (@juniperresearch)…

Bitcoin Price Intraday Analysis: BTCUSD Expecting Fresh Lows

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Before we begin our analysis, it is important to discuss what had prompted a sudden $500-drop in the Bitcoin market. OKEx, a Hong Kong-based cryptocurrency exchange, recently issued a statement that mentioned one of their customers as the main perpetrator of the latest Bitcoin bear-trap. The OKEx client initiated a relatively large long position which, despite being reviewed and frozen by the exchange, caused havoc at the Bitcoin market. So, we can assume that someone executed the bear-job single-handedly, and a panic-sell ensued. The past 24 hours in the BTC/USD…