Day: April 3, 2019

Bitcoin’s Recent Renaissance Could Be Linked to Algorithmic Trading

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The recent crypto market jump could be linked to algorithmic trading, Bloomberg writes on Wednesday, April 3. Algorithmic trading — a method that uses automated software to detect trends and determine when trades should be made — has been on the rise in the last few months, according to Bloomberg. The industry has seen 17 new algo or quantitative funds launched since September, an amount that purportedly comprises 40 percent of crypto hedge funds started during this period. While crypto funds in general lost around 72 percent due to the…

Yes, Bitcoin (BTC) Whales Are In, a $100.3 Million Buy Order is Just the Beginning

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Bitcoin price up 26 percent Surge because of a 20,000 BTC single buy order The crypto market is raving, posting double-digit gains and poised for now thanks to a $100 million, single buy order trigger identified by blockchain sleuths. Because of favorable candlestick arrangement, Bitcoin is likely to edge higher but could first correct to $4,500—700 zone before trend continuation. Bitcoin Price Analysis Fundamentals Good news is Bitcoin (BTC) is up 26 percent in the last week, hauling periphery altcoins. Thus far, it is an impressive performance and despite all…

European Union Launches International Association of Trusted Blockchain Applications

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The European Union announced the launch of the International Association of Trusted Blockchain Applications (INATBA) on its official website on April 3. According to a Cointelegraph representative who attended today’s ceremony at the European Commission in Brussels, the more than 100 members who have signed the charter include IBM, Accenture and Deutsche Telekom. Among the blockchain-related members number Iota, Ripple, ConsenSys, and the Sovrin Foundation. Per the announcement, INATBA aims to bring together industry startups, small and medium enterprises (SMEs), regulators and standard setting bodies to bring blockchain and distributed…

US SEC Releases No-Action Letter Confirming TurnKey Jet ICO Tokens Are Not Securities

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On April 3, the United States Securities and Exchange Commission (SEC) has issued a no-action letter to TurnKey Jet, confirming that the TKJ tokens issued during the startup’s initial coin offering (ICO) are not securities. In the letter, the regulator specifies that it considered that the platform will be fully developed and operational at the time the tokens are sold, and the funds won’t be used to develop the platform. It also mentions that the tokens will be immediately usable and have been marketed for their utility, not potential profits.…

How to Save Over 15% Shopping on Amazon With Bitcoin Cash

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There’s an ever growing list of places on the web where you can spend Bitcoin Cash (BCH). However, Amazon stands out as an online retail giant that dominates many markets. Today’s tip explains how to shop on Amazon using bitcoin cash (BCH) while claiming a great discount to boot. Also Read: What It Takes to Air a TV News Channel Devoted to Crypto Assets Save Money Shopping With Purse.io Purse.io is a platform that offers significant discounts for cryptocurrency users on products sold on Amazon. Users can search for any…

SEC Staff Publish Framework for Determining If Digital Assets Are Investment Contracts

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Staff at the United States Securities and Exchange Commission (SEC) have published a framework to help market participants ascertain whether or not a digital asset is deemed to be an investment contract, and therefore a security. The new “Framework for ‘Investment Contract’ Analysis of Digital Assets” was published on April 3, accompanied by an official statement. Notably, the framework is the work of two SEC Commissioners: Bill Hinman, director of the SEC’s Division of Corporation Finance and Valerie Szczepanik, Senior Advisor for Digital Assets and Innovation — colloquially known as…

Princeton Expertise-Backed Startup Raises $3.7 Mln to Develop Smart Contract Scalability

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Offchain Labs, a blockchain startup co-founded by a professor at Princeton University, has raised $3.7 million in a seed round led by crypto hedge fund Pantera Capital, TechCrunch reports on April 3. The new funding round was also supported by Compound VC, Raphael Ouzan of Blocknation, Jake Seid, managing director at Stone Bridge Ventures and others. With the investment, Offchain aims to solve major problems associated with enterprise blockchain implementations by bringing more scalability and privacy. By deploying its own protocol, Arbitrum, Offchain developers intend to bring make smart contracts…

Speak Out: Discussing the Nature of Stablecoins

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On the one hand, stablecoins have no extreme volatility as they are pegged to other assets like USD or gold. On the other, the peg can sometimes be lost, and arguably the most popular stablecoin (USDT) is mainly known for being the most controversial. Today, we invite you to discuss the stability of stablecoins and to share your opinion about what you consider to be the outstanding ones. Reply in the comments below! Original

Markets Update: Bitcoin Cash Rockets Forward Leading the Crypto Bull Rally

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Cryptocurrency prices have improved a great deal over the last seven days and many digital assets saw a significant spike in value on April 2. The entire market capitalization of all 2,000-odd coins is steadily approaching $200 billion. The market forerunner so far is bitcoin cash (BCH), which is up well over 45% in the last 24 hours. Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1 Crypto Economy Nears $200 Billion Digital currency fans are far more optimistic this week since many cryptocurrencies gained between 10-60%…

Jamaica Stock Exchange to Launch Live Trading Pilot for Bitcoin and Ethereum

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The Jamaica Stock Exchange (JSE) will soon carry out a limited pilot to trade Bitcoin (BTC) and Ethereum (ETH), according to a press release on Apr. 3. The JSE has signed a master agreement with Canadian fintech firm Blockstation to continue developing tools for the trading of digital assets and security tokens. Following a successful live-trading pilot in late January 2019, the JSE and Blockstation will continue building a safe and regulated ecosystem for trading digital assets and cryptocurrencies. According to the announcement, a limited pilot to trade Bitcoin and…