Day: September 11, 2018

Nasdaq Exploring Adding Crypto Data Sets to its Analytics Tool, Sources Say

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New York-headquartered stock market giant Nasdaq is exploring adding crypto datasets to its market analytics tool, a Nasdaq source told Cointelegraph September 11. Speaking to Cointelegraph, Nasdaq’s Head of Alternative Data Bill Dague said that “given [an] abundance of interest, we are exploring cryptocurrency related datasets. Whether or not we launch a crypto-related product remains to be seen.” Crypto datasets would potentially be integrated into Nasdaq’s data Analytics Hub, which launched in 2017 with the aim to make unstructured data more intelligible for the benefit of investors. The spectrum of…

Crypto Price Gap Between Local, Foreign Exchanges Could Widen Again

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South Korea’s central bank, the Bank of Korea (BoK), has cautioned of another possible widening of the gap in crypto prices between local and foreign exchanges, local news agency No Cut News reported September 11. In the report, the bank warned the public about another possible emergence of the so-called “kimchi premium,” a phenomenon consisting of the difference between the prices of crypto at South Korea’s exchanges and crypto exchanges abroad. The kimchi premium is reportedly mainly seen in terms of Bitcoin (BTC) price. Kim Dong-sup, the official behind the…

WeChat Blocks Bitmain Sales Account as Well as Further Crypto ‘Hype News’ Channels

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WeChat, the 1 billion-user Chinese social media platform developed by Tencent, has blocked the official sales channel of Bitcoin (BTC) mining giant Bitmain, according to an announcement posted to its channel yesterday, September 10. As of press time, Bitmain’s other Wechat accounts, including after-sales services and its official account, remain active. The official sales channel, which operates under the WeChat ID “antminersale,” no longer shows any content but instead displays a rules violation notice, stating: “Following users’ complaints, [WeChat] has reviewed and discovered that this account — without having acquired…

Cryptic Labs Adds Nobel Prize Laureate Economists to Board to Boost Blockchain Education

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Blockchain-focused research lab Cryptic Labs has appointed two Nobel Prize economics laureates to its board in order to expand its blockchain expertise, the company announced in a press release Monday, September 10. Cryptic Labs, which says its mission is “solving fundamental security problems to advance the growth of blockchain technology,” appointed Dr. Eric S. Maskin and Sir Christopher Pissarides to its Economics Advisory Board. Together, the press release notes, they will add expertise in macroeconomics among other fields to address the current state of knowledge of blockchain’s potential and inner…

Chinese Crypto Startup to Offer Custody Service Amid Regulatory Turmoil

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Long story short, China’s leading regulatory bodies have recently begun their second crusade against the propagation of crypto assets, imposing a series of harsh rules, laws and advisory messages in a bid to curb the growth of this industry. In spite of the heavy-handed regulatory moves, a Chinese cryptocurrency startup still intends to establish a secure custody service. InVault To Launch Crypto Custody Following $5.85M Seed Funding Round As divulged by a recent report from the South China Morning Post (SCMP), InVault, an up and coming Shanghai-based startup, will be launching…

Waves Value Surges 45 Percent following Smart Contract Announcement

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Waves token value appreciated against the US Dollar after the company announced to launch a new smart contract protocol for their blockchain. Waves’ Smart Contract Protocol Announcement Excites Bulls The WAVES/USD value on Binance rose from 1.90-fiat to as high as 2.76-fiat on the day of the announcement, amassing over 45 percent gains. The pair formed higher highs towards the said level during the mid-Asian and early-European trading session. Sellers began to implement their exit strategies thereon, bring WAVES/USD to a downside correction phase. As a result,  the pair had…

Equal Beneficiaries In The Fight To Hit The Mainstream

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Cryptocurrency caught mainstream attention when the industry’s total market cap hit $600 billion at the end of last year. The highly anticipated cannabis industry in the U.S. is similarly being pushed into the spotlight by a “green rush” of investors flooding Wall Street who expect the industry to be worth $75 billion by 2030. Aside from attracting high volumes of bold new investors, the cannabis and cryptocurrency industries in the U.S. also share some major issues: both are high-risk, legally uncertain, and have government regulators breathing down their neck. The…

Bitcoin Price Awaits Next Move as Trading Range Narrows

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Bitcoin (BTC) is being squeezed in a tight trading range, signaling a tug of war between the bulls and the bears, and the breakout will likely set the tone for the next move in the cryptocurrency. At press time, BTC is changing hands at $6,320 on Bitfinex, representing a 0.5 percent gain on a 24-hour basis. The $1,000 drop witnessed during a 24-hour period in the middle of the last week titled the tide in favor of the bears. As a result, the cryptocurrency was facing a risk of a drop to $6,000…

Chinese Cryptocurrency Traders Circumventing Bitcoin Trading Ban via Tether and VPNs

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While the Chinese regulatory watchdogs have not failed to renounce their support over digital assets trading and crypto businesses in the region, investors still engage in the “forbidden act” using virtual private networks (VPNs) and the Tether stablecoin, reported the South China Morning Post on September 8, 2018. Crypto Traders not Giving up According to sources close to the matter, even with the existing ban on all things cryptocurrency in China, the market remains quite vibrant as most exchanges have formulated excellent ways of circumventing the blockade, including creating new…

Market Recovery Expected After Flurry of Positive News

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Bitcoin has found stability in the low range of $6,300 to $6,400, demonstrating decent volume at around $3.8 billion and pushing its dominance index to 56.1 percent. Well performing tokens including WanChain, VeChain, Decentraland, and Waltonchain have recorded large losses against the US dollar in the range of 5 to 10 percent, mostly likely due to the struggle of ETH, the native cryptocurrency of Ethereum, to recover beyond the $200 mark. Positive News From EU, Nasdaq, Citigroup, Winklevoss Twins The crypto sector has had arguably one of the best weeks…