Month: November 2018

A Look Into Whether VanEck Bitcoin ETF Addresses Manipulation Concerns of SEC Chairman

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With VanEck facilitating OTC trades for its Bitcoin ETF, there is a higher possibility that the SEC might approve its proposal. Bitcoin investors are eagerly waiting for the arrival of derivative products like Bitcoin ETF. The arrival of Bitcoin ETF is likely to flood the crypto market with institutional money, as claimed by some experts. However, the U.S. Securities and Exchange Commission has remained reluctant to approving ETF products. The agency explains it denial citing several cases of market manipulations and the exchanges’ inability to deal with it. Speaking at…

Privacy-focused Cryptocurrency Zcash Launches on Coinbase Pro

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. In an announcement on Thursday, Coinbase Pro has officially added support for Zcash (ZEC), a prominent privacy-centric cryptocurrency. According to the release, Coinbase Pro started receiving inbound transfers of ZEC tokens from 10 am PST on Thursday, which was reportedly allowed for a minimum 12-hour period, after which trading of the ZEC token went live on the platform. Coinbase users will be able to trade the ZEC/USDC…

digital peso; to enable Filipinos easily access financial services

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A Chinese cryptocurrency firm is planning to help Filipinos abroad to remit cash back home easily and cheaply. Huaren Capital president Jeff Wang told reporters in the Philippines that they were still in talks with potential partners. The firm will launch a digital peso to facilitate transactions. According to Wang, Bangko Sentral ng Pilipinas (BSP) is among the potential partners. Further, Wang noted that the biggest problem with Filipinos is that most of them lack bank accounts. A digital peso for everyone Therefore, they are mostly outside the financial industry.…

Capitulation? Bitcoin’s Price Dropped 36% in November

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Bitcoin (BTC) tanked in November on the back of high volumes, raising the possibility that the market has, to some extent, capitulated. The largest cryptocurrency by market capitalization is currently trading at $4,000 – down 36 percent from its monthly opening price of $6,318 – according to CoinMarketCap data. That drop marks the biggest monthly loss of the year so far. Amid the losses, trading volumes jumped by 33 percent month-on-month to $158.48 billion – the highest level since May. It is worth noting that, at the start of the…

Capitulation? Bitcoin’s Price Dropped 36% in November

boss

Bitcoin (BTC) tanked in November on the back of high volumes, raising the possibility that the market has, to some extent, capitulated. The largest cryptocurrency by market capitalization is currently trading at $4,000 – down 36 percent from its monthly opening price of $6,318 – according to CoinMarketCap data. That drop marks the biggest monthly loss of the year so far. Amid the losses, trading volumes jumped by 33 percent month-on-month to $158.48 billion – the highest level since May. It is worth noting that, at the start of the…

Crypto Startup Uses Surveys to Build Exchange Based on ‘Emotions and Thoughts’ of Traders

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A new crypto exchange says it offers “bells and whistles” compared with rivals – and argues that most of the market leaders are failing to provide investors with the technical analysis tools they need to make informed decisions. In a break away from confusing user interfaces, Encrybit wants to help traders that it says have been pushed to use third-party software because exchanges have let them down. It claims many crypto enthusiasts have no choice but navigate between multiple exchanges – remembering seemingly endless passwords and withdrawals fee in order…

ZEC is launching on Coinbase Pro

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At 10am PT on Thursday, November 29, we will begin accepting inbound transfers of Zcash (ZEC) on Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling trading. Once sufficient liquidity is established, trading on the ZEC/USDC order book will start. ZEC trading will initially be accessible for Coinbase Pro users in the US (excluding NY), UK, European Union, Canada, Singapore and Australia. Additional jurisdictions may be added at a later date. Zcash is a cryptocurrency that uses recent advances in cryptography to allow users to protect the privacy…

Microsoft Japan Partners With Startup to Increase Domestic Blockchain Uptake

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The Japanese arm of computer giant Microsoft has partnered with nascent blockchain startup LayerX to “accelerate” uptake of the technology, Cointelegraph Japan reported Nov. 30. LayerX, which formed in August as a joint venture from news curation app Gunosy and advisory service AnyPay, oversees blockchain integration for enterprise, including areas such as smart contracts and general consulting. Using Microsoft’s Azure Blockchain-as-a-Service (BaaS) solution, the companies will seek to promote the technology further in the domestic economy. “We will support the introduction process in its entirety, even down to technical support…

Russian Economic Minister Says BTC Is ‘Soap Bubble’ But Lauds Crypto’s Influence on Tech

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The Minister of Economic Development of Russia referred to Bitcoin (BTC) as a “soap bubble” that has has led to investors’ losses, Russian informational agency RBK reported Nov. 28. Minister Maksim Oreshkin, speaking in an interview with RBK, noted how the the cost of Bitcoin (BTC) has decreased dramatically, referencing the coin’s rise to $20,000 in December 2017: “When Bitcoin’s price jumped up to $20,000, and now it is lower than $4,000, we said very simple things: Bitcoin itself is a soap bubble, it deflated, that’s what happened” However, Oreshkin…

Cardano Price Analysis: ADA/USD Could Climb Above $0.045

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Key Highlights ADA price started a decent recovery after forming a support at $0.0350 against the US Dollar (tethered). There is a short term bullish trend line formed with support at $0.0410 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to climb further higher and it may even break $0.0450 in the near term. Cardano price recovered recently against the US Dollar and Bitcoin. ADA/USD may accelerate gains above the $0.0440 and $0.0450 resistance levels. Cardano Price Analysis After forming a support…