Month: April 2019

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 26

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. While various cryptocurrencies are vying to attract investors attention, stablecoins have silently gained popularity. Currently, most stablecoins are pegged to the U.S. dollar. United Kingdom-based cryptocurrency payment processor Wirex has announced plans to launch stablecoins pegged to various fiat currencies. This, according to them,…

Circle’s SeedInvest Moves Closer to Tokenizing Stocks

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SeedInvest As it has been announced SeedInvest, the leading equity crowdfunding platform that was recently acquired by crypto startup Circle, got permission to operate an ATS (Alternative Trading System) which is aimed at facilitation of private equities secondary trading. Nevertheless, it’s worth mentioning that these equities can’t be tokenized. ATS License The company has disclosed that it managed to receive an ATS license from the FINRA (Financial Industry Regulatory Authority), the U.S. broker-dealers and securities exchanges watchdog. Having this approval, the crowdfunding startup can provide investors with a wide range of…

Funding Approved for Audit of Ethereum’s ProgPoW Mining Proposal

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Ethereum developers announced today that funding has been approved to audit the hotly-contested code change known as Progressive Proof-of-Work or ProgPoW. Since February, developers have been gathering the funds necessary to back a third-party audit of the ProgPoW code. Today, during a weekly meeting, it was announced that the targeted amount of 50,000 DAI (equivalent to roughly $50,000) has been fully met through crowd-sourced donations on open-source bounty platform Gitcoin, as well as other unnamed sources from the community. The aim of this audit, as stated by Ethereum Foundation community…

Ripple (XRP) Drop 12 Cents But With Yoshitaka, Fortunes will Change

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Ripple (XRP) sink 12 percent Yoshitaka Kitao, the CEO of SBI, is now a Ripple Inc board member Bringing on board Yoshitaka Kitao, the president of SBI Holdings is bullish for Ripple (XRP). It’s not hard to see why. He brings expertise that would guide Ripple Inc towards world domination. Meanwhile, Ripple (XRP) is down 12 percent retesting Q1 2019 support. Ripple Price Analysis Fundamentals The crypto and blockchain space never settles. It’s always on a mill and sometimes slowed down by multi-plane controversies. Even so, Ripple Inc remains a…

Bitfinex, Tether Clap Back at NY Attorney General in Coordinated Defense

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By CCN: Within a day of learning it had to cease operating in New York, Bitfinex issued a rebuttal desperately trying to explain it is financially solid. Its letter coincided with one from Tether. On Thursday, New York Attorney General Letitia James obtained a court order to shut down the pair from operating in the state over the loss of $850 million funds through some questionable happenings. Both Bitfinex and Tether claim the Attorney General’s move was in bad faith. Bad Faith Move, We Weren’t Warned In their rebuttals, Bitfinex and…

Tron and Justin Jumble, Baidu Disappointment, Liverpool FC Deny Deal

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Tron (TRX) retesting Jan 13-14 lows Liverpool FC crash Sun’s expectations Tron and Justin Sun are good at marketing, but their claims for partnership with Liverpool FC were untrue after the club’s spokesperson denial of such an arrangement. Good news is Tron (TRX) prices are stable above 2.1 cents meaning there is a window for higher highs towards 3.1 cents or 4 cents. Tron Price Analysis Fundamentals To rival Ethereum and outdo competitors, then Tron honchos must do everything to onboard established firms. The easiest way of doing so is…

SBI’s Crypto Exchange SBIVC Achieves Profits in First Fiscal Year, Considers STO

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New Japanese crypto exchange SBI Virtual Currencies (SBIVC) achieved profitability in the first year of its launch, Cointelegraph Japan reports on April 26. SBIVC exchange, launched by Tokyo-based financial services giant SBI Holdings, reportedly recorded a profit before tax of almost 360 million Japanese yen ($3.2 million) for the full fiscal year from April 2018 to March 31, 2019. SBI also made a number of major announcements in its new financial report. As such, SBI revealed that it is considering the launch of a security token offering (STO) later this…

Digital Asset Trading Firm GSR Launches Bitcoin Variance Swap

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Algorithmic digital asset trading company GSR announced the launch of a new cryptocurrency derivative, called a Bitcoin Variance Swap, which allows investors to hedge their cryptoasset portfolio against the volatility of bitcoin. Hedging Bitcoin Volatility Using Bitcoin Variance Swaps Hong Kong-based GSR announced in a press release that they now offer a new structured product, called a Bitcoin Variance Swap, which enables traders and investors to hedge bitcoin volatility. A variance swap is a financial derivative contract on annualized variance (a measure of volatility) that enables one of the two…

Tokyo Bitcoin Trustee Gains Court Extension for Mt Gox Crypto Rehabilitation

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By CCN.com: The Mt. Gox trustee, who is in charge of distributing what remains of Mt. Gox’s assets to claimants, also known as “creditors,” put in for an extension on the filing deadline, which would have been today. The deadline has been extended about six months, to October 28th. Get your claims in by October 2019 The trustee posted a note to the Mt. Gox website yesterday stating that there are too many claims in various stages of dispute for a final decision to be reasonably reached based on current…

SeedInvest Gains FINRA Approval as Alternative Trading System a Month After Circle Buyout

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SeedInvest, the equity crowdfunding platform owned by crypto-friendly payment giant Circle, has gained approval to offer secondary shares trading, crypto industry news outlet The Block reported on April 26. The platform, which Circle bought out for an undisclosed sum in March this year, can now allow its users to trade startup shares via its accreditation as an Alternative Trading System. The company got the go-ahead from the United States Financial Industry Regulatory Authority (FINRA), a month after gaining initial regulatory approval. At the time, Circle praised SeedInvest for its input…