Day: January 15, 2019

DBS-owned Indian Bank to Close Account Over Crypto-Related Activity: Report

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India’s first digital bank, Digibank, is allegedly closing accounts involved in cryptocurrency-related activity. The claim was made by Twitter user “Indian CryptoGirl” (@Desicryptohodlr) in a tweet posted Jan. 14. As previously reported, the same Twitter user had just recently posted details of alleged anti-crypto restrictions being imposed on account holders by Kotak Mahindra Bank, India’s second largest private sector bank by market cap. Both banks’ reported measures come in the context of a prohibition on domestic banks’ dealings with crypto-related businesses, which was announced by India’s central bank, the Reserve…

OKCoin Lists Tron Cryptocurrency, Claims it’s not a Security

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OKCoin CEO Tim Byun OKCoin is adding Tron to its crypto exchange today. Not to be confused with OKEx, which is a futures platform founded by the same people, OKCoin primarily focuses on traditional swaps and allows for bank deposits. Importantly, OKCoin serves US customers while OKEx does not. Tron is Not a Security CCN spoke to Tim Byun, CEO of OKCoin, about the decision to list Tron. CCN wonders what considerations OKCoin makes when listing new tokens. First of all, Byun said, regulations are very important. OKCoin does not…

Devs Behind Marshall Islands’ National Crypto Confirm Plans to Launch This Year

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A national cryptocurrency for the Marshall Islands is still being actively developed, despite previous disagreements among government officials on the subject, a blog post from the team behind the coin revealed Jan. 10. In the recent post, the team behind the coin — dubbed Sovereign (SOV) — revealed that it had made “significant progress in finding partners, investors, and developers” to realize the project. As the post states, the team is aiming to launch SOV in 2019. The team behind the state-backed crypto includes former Secretary General of the Bank…

BTC Resilient, Cryptopia Bares Crypto UnderBelly?

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  Bitcoin Price trading within a tight range but bullish Cryptopia hacked. Trading yet to resume Transaction volumes low, the ideal bull bar should be backed by volumes excess of 35k   After weeks of calmness, Cryptopia is the latest exchange to be ransacked by hackers. Unconfirmed reports indicate that $2.5 million of ETHs may have been lost. Meanwhile, Bitcoin is technically bullish in lower time frames. However, gains above $4,500 would officially usher in bulls. Bitcoin Price Analysis Fundamentals After five years of successfully protecting user funds, hackers got…

TRX Targets at 4 Cents, LTC–TRX Flip Possible

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  Tron price on an upward trajectory, bulls aim at 4 cents The Tron Accelerator Program criticized Transaction volumes low, TRX/USD trade range narrow   With a market cap of $1.617 billion, TRX is liquid, and the company behind it is expected to reflect its valuation. However, their handling of the Accelerator program has drawn criticism. Regardless, TRX prices are bullish and could retest 4 cents by the end of this week. Tron Price Analysis Fundamentals Just when the community was in the brink of forgetting the Tron’s White Paper…

Ripple Price Analysis: XRP Moon-sling Depend on Adoption Levels

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Ripple Price technically bullish Brad Garlinghouse confident of more bank “switch.” Transaction volumes low—averaging 26 million as XRP consolidate The CEO of Ripple the company is satisfied and expecting the total Bank tally to increase by year’s end. So far 200 banks use the network meaning Ripple controls two percent of SWIFT’s market share. Ripple Price Analysis Fundamentals The Ripple community might be over the top, excited about the progress. However, the truth of is, RippleNet—the underlying ledger that holds together xCurrent, xRapid and xVia—pales in comparison with SWIFT—a 40-year…

Scam Alert! Is Velvet the New WEX?

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Scam Alert! Is Velvet the New WEX? January 15, 2019 by Jeff Fawkes The WEX exchange that disappeared together with at least $200 million USD worth of users’ funds seems to have had a second wind in the form of the VELVET.exchange platform. Is Velvet the next WEX? Also read: Next Up: Bitwise Bitcoin ETF Would Track BTC, ‘Meaningful Hard Forks’ Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Velvet Exchange Ready To Launch With a Negative Reputation The new crypto trading spot is now working in beta…

St. Louis Federal Reserve Predicts “Flood” of Altcoins Will Drive Down Bitcoin Prices

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Economics The St. Louis branch of the Federal Reserve bank has published a report seeking to examine the long-term prospects of BTC as an investment. The paper is highly critical of bullish outlooks for bitcoin, asserting that a “flood” of altcoins will deflate the price of all cryptocurrencies relative to fiat currencies over time. Also Read: Marshall Islands Updates 2019 Roadmap for Sovereign Cryptocurrency Economic Research Arm of St. Louis Federal Reserve Assesses Bitcoin’s Prospects The St. Louis Federal Reserve has published a paper that seeks to assess the prospects of…

Bitcoin Futures Now Trading At Discount to Exchange Prices

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Signs are emerging that the futures market may not be impressed by bitcoin’s recovery from 15-months lows in December – at press time, the cryptocurrency’s spot price is currently higher than the futures price. As of writing, the global average or spot price calculated by CoinDesk’s Bitcoin Price Index (BPI) is currently $3,650 – up 16.9 percent from the low of $3,122 reached on December. Meanwhile, futures contracts are trading below the spot price. BTC futures As seen above (CME chart), January futures are reporting a $20 discount (futures price-spot price). Further,…

What We Know About Google Ads Allegedly Blacklisting ‘Ethereum’ as a Keyword

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  On Jan. 10, Serbia-based smart contract auditing startup Decenter reported that Google has blacklisted keywords mentioning Ethereum (ETH) on its advertising platform, Google Ads. Google Ads: We can’t confirm that Ethereum is eligible to trigger ads, see our policy Specifically, the startup tweeted that they saw “a hard stop” on Google Ads containing the keyword “Ethereum” starting from Jan. 9. Decenter also tagged the advertising platform’s official account in the tweet, asking whether they had introduced any new policy changes. The Google Ads account then replied, stating that cryptocurrency…