March 15, 2019

Crypto Exchange Bittrex Cancels Its First ‘Initial Exchange Offering’

March 15, 2019 boss

United States crypto exchange Bittrex has cancelled its first token sale, dubbed an Initial Exchange Offering (IEO), which it had been planning to host on its Malta-based counterpart, Bittrex International. The news was announced in an official statement published on March 14. Earlier this week, Bittrex International had announced plans to host the IEO today, March 15, allowing investors to use Bitcoin (BTC) to purchase “XRD” tokens, developed by international gaming data blockchain project, Raid. In yesterday’s announcement, the exchange outlined that it decided to cancel the IEO “as a…

Strong Bitcoin Volumes Bode Well for Price Breakout

March 15, 2019 boss

View Bitcoin’s daily trading volume remains elevated at highs above $10 billion, going against the technical theory that investor interest tends to drop during periods of consolidation. Therefore, the ongoing sideways trading near $3,900 may end with a bull breakout toward the recent high of $4,207. Trading volumes have been strong since the corrective rally kicked off in early February, so a range breakdown looks unlikely. Prices could first see a drop below $3,865 (March 12 low) due to the extended consolidation. That said, the short-term outlook would turn bearish…

Canada Proposes Regulatory Framework for Cryptocurrency Exchanges

March 15, 2019 boss

Canadian financial regulatory authorities are considering putting in place rules for cryptocurrency exchanges in the country. The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) published a consultation paper on Thursday, seeking input from the fintech community on how regulatory requirements can be developed for cryptocurrency platforms. “The emergence of digital and crypto assets continues to be a growing area of interest,” said Andrew J. Kriegler, president and CEO of the IIROC in a separate statement on Thursday, adding: “We must adapt to innovation, and provide…

Bitfury Brings Lightning Payments to US Payment Gateway HadePay

March 15, 2019 boss

Bitcoin (BTC) mining and development company Bitfury has entered into a partnership with United States payments processor startup HadePay to allow its merchants to accept Lightning Network (LN) transactions. The news was announced in a blog post from Bitfury’s on March 14. HadePay implemented Bitfury’s Lightning Peach API to facilitate LN payments, which are significantly faster and cheaper than conventional Bitcoin transactions. The startup worked with Bitfury’s Lightning Peach team, a dedicated spin-off group of engineers focused on Lightning Network promotion. As a payments gateway, HadePay already lets clients accept…

QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges

March 15, 2019 boss

The infamous QuadrigaCX scandal has culminated in the losses of $150 million in user’s cryptocurrency funds. Now, Canada has called for “input” on tailoring new regulation to cryptocurrency exchanges operating within its borders. Canada’s Securities Regulator and Investment Body Issue a Consultation Paper to Increase Investor Protection Canada has held back on detailed cryptocurrency regulation. It currently adopts a wait and see approach and utilizes its existing securities laws and regulators. In this way, Canada monitors and guides emerging fintech and cryptocurrency businesses in the country. An exchange’s entire funds…

Redditor Claims to Lose $83,000 in Monero Due to Ledger Wallet Bug

March 15, 2019 boss

A warning has been posted to the Monero subreddit regarding Monero version 0.14 and Ledger 1.1.3. The bug appears to incorrectly process change transactions. One user appears to claim they’ve lost 1600 Monero, worth nearly $83,000 at press time. Join CCN for $19.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up. No proof of this claim was offered, but the user says: I didn’t get it back. I restored my seed on another…

Japanese Court Finds Ex-Mt. Gox CEO Guilty of Record Tampering

March 15, 2019 boss

Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has received a suspended jail sentence after being found guilty of tampering with financial records. The news was reported by Bloomberg on March 15. The Tokyo District Court has reportedly found Karpeles guilty of mixing his personal finances with those of the exchange in order to conceal the platform’s losses to hackers. He received a two and a half years jail sentence, which he will not have to serve unless he commits another offence within…

Bitcoin (BTC) Price Watch: Important Reversal Signs Emerge

March 15, 2019 boss

Bitcoin price made a few swing moves above the $3,800 and $3,830 supports against the US Dollar. The price managed to settle above the $3,850 level and the 100 hourly simple moving average. This week’s major bearish trend line with resistance at $3,845 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair tested the $3,870 level and it is currently consolidating, with positive signs. Bitcoin price climbed above key resistance levels against the US Dollar. BTC is trading with a bullish angle and…

CBOE To Put Bitcoin Futures On The Backburner, Could That Help BTC?

March 15, 2019 boss

Just 15 months ago, history was made when the Chicago Board Options Exchange (CBOE) and CME, two of the world’s largest derivatives markets unveiled futures contracts for Bitcoin (BTC), then the hottest asset on Earth. But, after a brutal year, which saw many an exchange hack, tumultuous market conditions, and a monumental loss of retail interest, futures providers are reassessing their cryptocurrency products, as demand has slowed in many cases. Related Reading: CME Bitcoin Futures See Record Volumes, Crucial Signal For Rising Institutional Demand CBOE Hits Pause On Crypto Futures…