Day: May 28, 2019

Yahoo Japan to Enter the Crypto Trading Fray with Nearing Taotao Launch

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By CCN: Yahoo Japan has tipped its hand to the upcoming launch of Taotao, its cryptocurrency trading platform. YJFX, Yahoo Japan’s foreign exchange (forex) platform, acquired a 40% share in Taotao, which was previously dubbed BitARG, in early 2018. Since making this acquisition, they have moved to set BitARG up as a Yahoo Japan branded subsidiary. The crypto trading platform is licensed by Japan’s FSA. According to a Google translation of the announcement: “Notice of Opening Date: We have been waiting for the service of virtual currency exchange “TAOTAO” to…

Velocity Ledger Technology Launches Testnet and Blockchain API in Bermuda

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Bermuda-based fintech firm Velocity Ledger Technology (VLT) has launched a testnet and blockchain API for trading digital assets in Bermuda, according to a press release shared with Cointelegraph on May 28. VLT is reportedly letting users develop digital asset applications with their blockchain viewer and web portal, if they are granted early access to the products via request forms. User can create apps for issuing, trading and settling digital asset tokens. Companies can reportedly launch initial coin offerings (ICOs) via these applications via a white label software-as-a-service basis, provided that…

Top Coins Are Trading Sideways While Oil Reports Mixed Signals

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Tuesday, May 28 — Major cryptocurrencies have continued trading sideways, reporting mixed signals at press time, according to Cointelegraph’s Coin360 data. Market visualization from Coin360 After steadily pushing to the $9,000 price mark on May 27, bitcoin (BTC) is now trading at around $8,732. The leading cryptocurrency has lost 0.17% over the day, while its highest and lowest price points on the day were $8,850 and $8,485 respectively. As earlier reported, bitcoin hit an all-time high versus the Argentine peso amid the ongoing decline of the currency. The bitcoin price…

German Regulator Has No Info on ‘Cyber Incidents’ on German Crypto Trading Platforms

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Germany’s financial regulator has no knowledge of “cyber incidents” or market manipulation occurring on crypto trading platforms in the country, according to a press release on May 28. Referencing info from the Federal Financial Supervisory Authority (BaFin) — the financial watchdog that oversees banks, financial services institutions and insurance services — the government responded to a question from the Free Democratic Party (FDP), a centrist political party in the country, concerning information on cyber attacks, fraud, money laundering and market manipulation involving crypto assets. A translation of the written response…

Kin Picks a Fight with the SEC in Hopes of Inspiring a New Howey Test

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By CCN: The Kin Foundation is attempting to take crypto regulation into its own hands. In an interview with Laura Shin on the Unchained podcast, Ted Livingston, founder of the Kin Foundation and Kik CEO, unveiled the Defend Crypto fund, which is designed to “fight the SEC in court.” The fund, which was launched on Coinbase Custody, is already comprised of $5 million, which was contributed by the foundation across bitcoin, ether, and Kin. They are also taking contributions by other “frustrated” industry participants. Ultimately, Ted Livingston wants the SEC…

TRX Break Free From a 5-Month Range, 4 Cents Possible

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TRX flips Bitcoin SV after surging 19.8 percent After six months, TRX is above Q1 2019 trade range Investors are not as excited as they would otherwise be if it was another project promising a “huge and amazing” announcement. It all has to do with Justin Sun’s history. After Liverpool FC and Baidu mess, they are doubtful if Sun will deliver on June 1st. If he does, TRX could surge above 4 cents. Tron Price Analysis Fundamentals That the crypto space is competitive is true. With Ethereum leading the smart…

Bitcoin Price | New One Year High of Almost $9,000

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Since Monday, bitcoin price has leaped 13.5% to hit new levels at around $9000 for the first since May last year in what is seen as a bullish sign. At the time of writing, bitcoin is trading as high as $8,810 on Coinbase. Bitcoin Price | Highest Since 2018 Yesterday’s jump brings bitcoin to a maximum year to date increase of around 142.40%. Could this be the end of the 2018 bearish phase that saw bitcoin price lose over 70% from its all-time high of $20,000. Bulls are starting to…

World’s Second and Fourth Biggest Shipping Firms Join Maersk’s Blockchain Platform

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Two leading global shipping firms, Mediterranean Shipping Co (MSC) and CMA CGM, have joined blockchain shipping platform TradeLens, Reuters reports on May 28. Switzerland-based MSC, the world’s second-largest shipping company, and French CMA CGM, reportedly the fourth-largest container shipping firm, have joined the blockchain platform developed by the world’s largest logistics company Maersk and tech giant IBM. As previously reported, blockchain-powered shipping solution TradeLens intends to reduce paperwork and associated costs and time in the logistics industry — which reportedly accounts for $4 trillion — with over 80% of the…

Bitcoin Bulls are Skeptical even after Guppy Signal, Will $8,500 hold?

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Bitcoin prices firm above $8,500 Technical analysts are overly bullish after Guppy indicator turned green After three years, the Guppy technical indicator is flashing “buy.” As a result, technical analysts believe bulls are in control. That may be true because Bitcoin is up 8.9 percent in the last week but ranging above $8,500. Bitcoin Price Analysis Fundamentals The excitement is palpable. However, traders ought to be practical. Trends don’t shift in short bursts. In different capital markets, it is normal for asset prices to cement their main trajectory after months…

IBM, Maersk Finally Sign Up 2 Big Carriers for Shipping Blockchain

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Shipping blockchain TradeLens, developed by IBM and Maersk, has finally recruited two major marine cargo carriers to the platform after its early marketing efforts floundered. The new additions are Mediterranean Shipping Company (MSC), the second largest after Maersk; and CMA-CGM, the fourth largest in terms of cargo carrying capacity. MSC and CMA-CGM join other carriers Asia’s Pacific International Lines (PIL), Zim Integrated Shipping Services, and Maersk subsidiary Hamburg Süd, which, when combined, account for nearly half of the world’s ocean container cargo data, IBM said. TradeLens also hosts over 100 supply…