Binance CEO CZ Hints at Creation of Fiat-to-Crypto Exchange in Argentina

CEO of cryptocurrency exchange Binance, Changpeng Zhao, has hinted at the creation of a new fiat-to-crypto exchange in Argentina in a tweet sent on March 9. The tweet was in reply to a piece published by crypto news website CoinSpice. The article in question concerned the agreement between the government of Argentina with Binance Labs, the exchange’s investment and social impact arm, to co-invest in blockchain projects that are backed by the exchange. Zhao’s comment contained in the tweet apparently suggested that Binance has plans to establish a fiat-to-cryptocurrency exchange in…

Bitcoin Private Team Accuses Crypto Exchange HitBTC of Fraud After Delisting

Bitcoin Private (BTCP) developers have accused cryptocurrency exchange HitBTC of acting in a fraudulent manner in regards to their delisting from the exchange following a planned coinburn. The accusations are portrayed in a letter written on Feb. 26 to the exchange by the Petros Law Group on behalf of the BTCP community, developers and contributors, and published by the Bitcoin Private Twitter profile on March 9. According to its authors, the letter — which was published the day BTCP was delisted from HitBTC — alleges that HitBTC attempted to extort…

Here’s Why Stellar (XLM) Price Jumped 11.20% in Three Days

Stellar’s crypto asset XLM is pursuing a steady uptrend since March 7. As of 1100 UTC, the XLM-to-dollar rate was trading at 0.093, up 11.20-percent from its March 7 low. The pair today posted circa 4-percent gains, according to a 24-hour adjusted timeframe sourced at CoinMarketCap.com. At the same time, the Stellar XLM market recorded $155 million worth of trading volume, maximally against Tether’s stablecoin USDT, BTC, a mysterious dollar-pegged coin CKUSD, and South Korea’s KRW. XLM Price surged more than 11% in three days. | SOURCE: Yahoo Finance One should…

Here’s Why Stellar (XLM) Price Jumped 11.20% in Three Days

Stellar’s crypto asset XLM is pursuing a steady uptrend since March 7. As of 1100 UTC, the XLM-to-dollar rate was trading at 0.093, up 11.20-percent from its March 7 low. The pair today posted circa 4-percent gains, according to a 24-hour adjusted timeframe sourced at CoinMarketCap.com. At the same time, the Stellar XLM market recorded $155 million worth of trading volume, maximally against Tether’s stablecoin USDT, BTC, a mysterious dollar-pegged coin CKUSD, and South Korea’s KRW. XLM Price surged more than 11% in three days. | SOURCE: Yahoo Finance One should…

Marshall Islands Digital Currency Needs Work to Satisfy US Regulatory Concerns

The Marshall Islands’ government upcoming digital currency, which will be launched in partnership with Israeli startup Neema, still needs work in order to placate United States financial regulators. English-language Israeli media The Times of Israel reported on the currency’s progress on March 9. While the release of the coin, dubbed the Sovereign (SOV), is scheduled for later this year, The Times of Israel notes that the U.S. regulators are concerned about a possible negative impact on the existing banks in the country, as well as potential for money laundering. More…

Major Online Swiss Bank Integrates Bitcoin Custody, Boost in Institutionalization

Buckle up, the institutionalization of bitcoin and crypto, in general, has begun. Swissquote, a $618 million worth online banking group, announced Friday that it is partnering with Zug-based Crypto Storage to enable cryptocurrency custodial services on its platform. The Gland-based said that institutional investors on its platform would be able to transfer cryptocurrencies from their external wallets to a Swissquote account and vice versa. New swiss bank @Swissquote launching their #crypto custody. Which one will be the next ? Take a chance pic.twitter.com/tDdvKaZvx8 — Stéphane Lüthi (@luethistephane) March 8, 2019 The…

Fidelity’s Digital Asset Platform Goes Live With Select Clients

Fidelity Digital Assets, the digital currency wing of United States financial services giant Fidelity, is now live with a select group of clients, the firm announced on March 8. In a tweet, the firm wrote: “We are live with a select group of eligible clients and will continue rolling out slowly. Our solutions are focused on the needs of hedge funds, family offices, pensions, endowments, other institutional investors.” Fidelity had previously announced at the end of January that the platform was in its final testing stages of its new digital…

Marshall Islands Rejects IMF Concerns to Launch ‘Sovereign’ (SOV) Digital Currency as Legal Tender

The Sovereign (SOV) digital currency looks set to become the first decentralized national digital currency. It could be used in the Marshall Islands on an equal footing with the US dollar. Such cryptocurrency as legal tender, even in a small state, is a larger step on the path to crypto-adoption. Island State Passes Bill to Create SOV Despite IMF Objections The Marshall Islands says it’s the first country ever to accept a cryptocurrency as national legal tender. It passed a key bill this week for SOV’s creation. According to reports…

Marshall Islands Rejects IMF Concerns to Launch ‘Sovereign’ (SOV) Digital Currency as Legal Tender

The Sovereign (SOV) digital currency looks set to become the first decentralized national digital currency. It could be used in the Marshall Islands on an equal footing with the US dollar. Such cryptocurrency as legal tender, even in a small state, is a larger step on the path to crypto-adoption. Island State Passes Bill to Create SOV Despite IMF Objections The Marshall Islands says it’s the first country ever to accept a cryptocurrency as national legal tender. It passed a key bill this week for SOV’s creation. According to reports…

Bitcoin (BTC) Price Weekly Analysis: Trend Overwhelmingly Bullish To $4,200

Bitcoin price slowly moved higher and dips remained supported above $3,800 against the US Dollar. The price fell significantly recently, but buyers protected the $3,800 support area. There is a crucial ascending channel is in place with support at $3,830 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains in an uptrend and it is likely to accelerate above $4,000 and $4,100 in the near term. Bitcoin price is grinding higher with a positive bias above $3,800 against the US Dollar. BTC/USD buyers are…