Day: April 18, 2019

Coinbase Generated $520 Million in Revenue Last Year, Reuters Estimates

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Cryptocurrency exchange Coinbase brought in almost $520 million in global revenue in 2018, according to an estimate from Reuters. The news source based the figure on the exchange’s U.K. revenue, which grew 20 percent last year to 153 million euros ($173 million), according to a filing with the U.K.’s corporate registry. The British side of the business accounts for “almost a third” of the firm’s overall revenue, Coinbase U.K. CEO Zeeshan Feroz told Reuters. The filing further shows that Coinbase U.K. made a net profit of 6.6 million euros ($7.4 million)…

Japan Ramps Up Scrutiny into Regulated Crypto Exchanges’ Cold Wallets

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OKCoin Exchange Invests in Crypto Custody Firm Prime Trust

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Cryptocurrency exchange OKCoin has invested an undisclosed amount in crypto custody provider Prime Trust. In a note sent to customers on Wednesday, Prime Trust CEO and chief trust officer Scott Purcell said that the firm has closed a “nice” funding round that was led by the California-based exchange. Other participants in the round included Gateway Blockchain Partners, Novablock Ventures and Xsquared Ventures, Purcell said, adding: “We aren’t disclosing details though.” Notably, Prime Trust serves as OKCoin’s fiat gateway. The exchange announced last week that it has added a new payment…

Next Bitcoin Bull Run Slays 2017’s ‘Hype-Driven’ $20,000 Rally: Researcher

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Next Bitcoin Bull Run Slays 2017’s ‘Hype-Driven’ $20,000 Rally: Researcher

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Bitcoin (BTC) Smashes Resistance: Buyers Target Fresh Monthly High

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Bitcoin price settled above the $5,160 resistance and climbed above $5,250 against the US Dollar. The price traded towards the $5,300 resistance and it is currently consolidating gains. There is a key ascending channel in place with support at $5,230 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dips a few points, but it remains well supported for more gains above $5,300 and $5,350. Bitcoin price gained bullish momentum above $5,250 against the US Dollar. BTC remains in an uptrend and it is…

Crypto Investment Group: Bitcoin (BTC) Holding At $5,200 Is Bullish, Further Rally Possible

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Bitcoin Still Looks Hot Over recent days, Bitcoin (BTC) has stagnated. After crashing to $4,950 late last week, BTC has steadily ground higher, trading between $5,150 and $5,300 for the past 72 hours without as much as a hitch. And interestingly, some traders have deemed this indecision bearish, as trading activity across the crypto-board has begun to decline. In fact, one analyst, going by “Magic Poop Cannon” on Twitter, remarked that the lack of strong activity “painted half of an enormous evening star Doji pattern.” For those who missed the…

Crypto Market Could Pump $10 Billion: Bitcoin Cash, EOS, Tron, BNB Analysis

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The total crypto market cap broke the $170.0B resistance and it could now test $180.0B. EOS price is back above $5.50 and it could continue higher towards the $5.65 level. Binance Coin (BNB) is slowly climbing towards the $20.00 and $21.00 resistance levels. Bitcoin cash price is currently consolidating above $310, with a positive bias. Tron (TRX) price is likely to rise towards the $0.0285 and $0.0292 resistance levels in the near term. The crypto market is gaining pace, with strong bullish moves in bitcoin (BTC) and Ethereum (ETH). Altcoins…

Ripple (XRP) Price Analysis: Bulls Aiming $0.3500 or Higher

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Ripple price gained bullish momentum and broke the $0.3265 and $0.3300 resistances against the US dollar. The price even climbed above the $0.3350 resistance level to move into a positive zone. This week’s highlighted key bearish trend line was breached with resistance near $0.3288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded close to $0.3420 and now it remains well supported above the $0.3290 level. Ripple price recovered nicely and gained bullish momentum against the US Dollar, along with bitcoin. XRP is likely…

Ethereum (ETH) Price Hits The $175 Target, $182 On The Horizon?

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ETH price extended gains and rallied towards the $175 resistance area against the US Dollar. The price pumped sharply above the $169 and $170 resistance levels to test $174. There is a solid bullish trend line formed with support at $168 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near $170 and it could continue to rise towards $180. Ethereum price climbed higher above key levels versus the US Dollar, along with bitcoin. ETH remains well bid and it seems…