Month: April 2019

US-Based Exchange ErisX Officially Announces Public Launch of Spot Market

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Chicago-based crypto exchange ErisX has officially announced the public launch of its spot market, the firm tweeted on April 30. The ErisX spot exchange is the first part of the company’s development of a single platform that will represent both a digital asset spot and regulated futures exchange, as reported by Finance Magnates. Subsequently after the announcement, ErisX reportedly enabled support of United States dollar trading pairs with major cryptocurrencies such as bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC), according to crypto news outlet Coindesk. Coindesk writes…

A $50 Billion Banking Giant Launches International Payments with Ripple’s XRP

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By CCN.com: At the Financial Sector Conference on April 24, Saudi British Bank (SABB) announced the launch of its Instant Cross-Border Transfer Service, a payments infrastructure based on the Ripple blockchain network that utilizes crypto asset XRP for liquidity. With nearly $50 billion in assets, SABB initially joined the Ripple network in January 2018 with the support of the Saudi Arabian Monetary Authority (SAMA) to use emerging technology in the blockchain to process payments. The bank said that it conducted its first pilot transaction on the Ripple blockchain network later…

Facebook Veterans Launch ETH-Based Digital Collectible App, Funding From ConsenSys Ventures

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A New York startup founded by a group of Facebook veterans has launched an ether (ETH)-powered mobile social app that supports the creation and trading of unique digital collectibles. The news was revealed in a press release shared with Cointelegraph on April 30. The startup, dubbed “Editional,” has reportedly sealed a $1.5 million seed round with backing from high-profile crypto investors that include ConsenSys Ventures, Digital Currency Group and CoinFund, the press release states. The consumer-grade Editional blockchain app — set to go live on the iTunes store for iOS…

Crypto Data Firm Raises $6 Mln From Morgan Creek Digital Assets, Others

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Digital Assets Data — a crypto-focused fintech and data firm — has launched with a $6 million raise from industry backers such as Digital Currency Group, Morgan Creek Digital Assets and others. The financing will enable the firm to build out a new institution-grade crypto data platform, according to a press release shared with Cointelegraph on April 30. Digital Assets Data’s co-founder and CEO Mike Alfred previously served as co-founder and CEO of Blackscope, a financial information company that provided data and ranking services to major asset managers such as…

Nasdaq Adds Brave New Coin’s XRP Index to Global Data Service

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The world’s largest stock exchange, Nasdaq, announced that it has introduced XRP Liquid Index (XRRLX), a new XRP index, to its global data service. The news was announced in a post on its website published on April 29. Per the announcement, the development is part of Nasdaq’s data dissemination partnership with cryptocurrency analytics company Brave New Coin. The company will reportedly send its real-time XRP index level information on the Nasdaq Global Index Data Service SM (GIDS). In a separate announcement, Brave New Coin noted: “The XRPLX sources data from…

Australian Tax Agency Goes After Cryptocurrency Traders in Exchange Data Push

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Australia’s tax agency, the Australian Tax Office (ATO), will seek to contact cryptocurrency traders personally about tax issues as part of a new data collection scheme, officials confirmed in a statement on April 30. The ATO, which is working in conjunction with the Australian Securities and Investment Commission (ASIC) and the Australian Transaction Reports and Analysis Centre (AUSTRAC), says it will demand information on operations from local cryptocurrency exchanges. That data will then be used to contact traders involved, who will get a minimum of 28 days to explain their…

Bitcoin Price Close to First 3-Month Winning Streak Since Late 2017

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View Bitcoin is set to end April with around 26 percent gains. The growth marks the third straight monthly increase and the first three-month winning streak since the final quarter of 2017. A falling channel breakout seen on the monthly chart confirms a long-term bullish reversal. A similar breakout seen in October 2015 had paved way for a record rally to $20,000. Bitcoin may post stellar gains in May if the 30-day MA, currently at $5,142, reverses the recent pullback. In that case, prices could rise to $6,000. A close…

Bitcoin’s Price Closes In on First 3-Month Win Streak Since 2017

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View Bitcoin is set to end April with around 26 percent gains. The growth marks the third straight monthly increase and the first three-month winning streak since the final quarter of 2017. A falling channel breakout seen on the monthly chart confirms a long-term bullish reversal. A similar breakout seen in October 2015 had paved way for a record rally to $20,000. Bitcoin may post stellar gains in May if the 30-day MA, currently at $5,142, reverses the recent pullback. In that case, prices could rise to $6,000. A close…

Tether Scandal Could Cause Big Bitcoin Short Squeeze, Boosting BTC: Analyst

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Last week, the crypto community was shocked when the New York Attorney General’s (NYAG) office revealed that Tether Limited, the issuer of the USDT asset, and world-renowned Bitcoin (BTC) exchange Bitfinex may be in precarious financial standing. Related Reading: Bitcoin and Crypto Investors Are Torn Over Using Bitfinex After Accusation Respected sources, however, claim that Bitfinex is trying to get off of the purported thin ice, potentially through a deal that could be valued at as much as $1 billion. Bitfinex IEO Could Be On The Horizon First, let’s take…

English Soccer Club Launches Blockchain Fan Token

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English Premier League soccer team West Ham United turns to blockchain to launch its own token. The “fan token,” powered by Socios.com will allow West Ham’s 40 million supporters to vote on club decisions and gain access to exclusive rewards. The fan token initiative has already been adopted by Juventus and Paris St. Germaine and comes during a wave of mainstream blockchain adoption. Just this week, Jaguar Land Rover inked a deal with cryptocurrency platform IOTA.  West Ham United is proud to announce a partnership with @socios, the blockchain-based fan…