Month: January 2019

Wikimedia Foundation to allow donations in cryptocurrency by partnering with BitPay

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The Wikimedia Foundation, which owns and operates Wikipedia and other Wikimedia free knowledge projects, is partnering Bitcoin payment processor BitPay to enable receipt of donations in cryptocurrencies such as Bitcoin and Bitcoin Cash. The partnership will allow people to donate in Bitcoin and Bitcoin Cash to the Wikimedia Foundation from anywhere in the world cheaply and quickly. Though Wikimedia had been accepting Bitcoin for several years, it switched to BitPay so they can now accept Bitcoin Cash also. The Wikimedia Foundation said “Accepting payments globally is difficult due to the…

Why Many Believe Fed Rate and Dow Jones Rebound Could Fuel Bitcoin in Long-Term

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Just like common Joes and Jills, politicians, economists, and bigwigs in the upper echelons of society are subject to whims. This was only accentuated on Wednesday, as the world’s most powerful economic body revealed that it would be taking a step in a new direction, pushing gold and stocks much higher. Bitcoin remained unchanged, but many believe that this decision could be a positive catalyst for the crypto asset in the years to come. Fed Puts Rate Hike On The Backburner, Gold & Stocks Surge During early-October, the U.S. stock…

Coincheck Q3 Finance Report Shows Twofold Improvement Since Trading Resumed

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Japanese online broker Monex Group — owner of previously hacked cryptocurrency exchange Coincheck — released its financial report on Q3 for the 2019 fiscal year on Jan. 31. The report shows that the trading platform halved its losses in Q3, as compared with the preceding quarter. The results of the report cover the third quarter ending March 31, 2019. They indicate that Monex’s crypto asset segment — comprised of Coincheck, which was acquired by Monex in April 2018 — reported an overall loss of 300 million yen (~$2.76 million ).…

Nasdaq Reveals 7 Crypto Exchanges Are Using Its Market Monitoring Tech

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The world’s second-largest stock exchange Nasdaq has revealed that seven crypto exchanges are already using its market monitoring technology, Forbes reported Jan. 30. Just two of these seven collaborations have to date been publicized — the Winklevoss twins’ Gemini exchange, and Vctrade, run by Japanese financial services giant SBI Holdings. The stock market giant shared its rigorous vetting system for crypto industry players that seek to use its surveillance technology, known as the SMARTS Market Surveillance system. SMARTS is a cross-market, cross-asset surveillance tool that correlates real-time and historical data…

Top Exchange Binance Adds Support for Credit Card Purchases of Major Cryptos

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Leading cryptocurrency exchange Binance is adding support for credit card crypto purchases through its partnership with payment processor Simplex, according to a press release shared with Cointelegraph Jan. 31. Changpeng Zhao, Binance’s CEO, said that the firm “want[s] to provide Binance traders with fast and easy access to crypto, in the most secure way possible.” Zhao added that the exchanges clients can purchase digital assets with credit cards and “start trading in minutes.” Zhao continued explaining that “the crypto industry is still in its early stages and most of the…

Bitfury to Launch Bitcoin Mining Centers in Paraguay With New Partnership

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Blockchain tech firm and Bitcoin (BTC) mining manufacturer Bitfury plans to launch several mining facilities in Paraguay, according to a press release published Thursday, Jan. 31. Bitfury has partnered with South Korean peer-to-peer knowledge commons research firm Commons Foundation to launch a series of transaction processing sites that will use Bitfury’s BlockBox AC mobile data centers in Paraguay. The project is part of a larger initiative from Commons, dubbed “Golden Goose,” that aims to “expand cryptocurrency and blockchain innovation in Spanish-speaking countries,” the press release reports. As per the announcement,…

NEM Reorganizes Non-Profit Foundation Amid Token Price and Funding Woes

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Blockchain asset management platform NEM (XEM) announced it had completely reformed its non-profit NEM Foundation amid financial difficulties in an announcement Jan. 31. The Foundation, which previously had a budget with a monthly burn rate of 9 million XEM (~$392,000), now plans to spend less than half that amount, as a new streamlined entity aims to cut costs. “The NEM Foundation has restructured to eliminate regional teams and replace them with newly created product-focused teams,” the announcement explained. Summarizing the changes, NEM confirmed that the “NEM Foundation you knew before…

Binance Users Can Now Pay for Crypto With Credit Cards

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Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has just made it easier for users to buy cryptocurrencies. The exchange announced Thursday that it has partnered with Israel-based payments processing firm Simplex to enable purchases with Visa and MasterCard credit cards. At launch, the exchange is supporting credit card purchase for bitcoin (BTC), ether (ETH), litecoin (LTC) and XRP. These can then be traded against up to 151 other tokens offered by the exchange. “The crypto industry is still in its early stages and most of the world’s…

South Korea Will Keep ICO Ban, Says Financial Services Commission

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South Korea will continue to ban initial coin offerings (ICOs) in the country, state financial regulator the Financial Services Commission (FSC) confirmed in a press release Jan. 30. Unveiling the results of a survey undertaken from September 2018, the body said it had discovered that firms conducting ICOs were making use of foreign jurisdictions, but still raising funds from South Korean nationals. South Korea formally banned ICOs in September 2017, citing lack of stability and ease of manipulation as cause to stop citizens from buying cryptocurrency tokens. “If there is…

February Is Often Good for Bitcoin Prices, Will History Repeat in 2019?

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View The probability of bitcoin ending its four-year February winning streak in 2019 is high, as the primary trend is bearish for the first time in the last three years. Further, BTC’s failure to capitalize on a bullish pattern on the 3-day chart indicates bearish sentiment is still quite strong. BTC risks falling to December lows near $3,100 in the next few days. The odds of BTC ending February in the green would rise sharply if prices see a strong bounce from the crucial 200-week moving average at $3,298. Bitcoin…