Day: July 5, 2019

Decentralized Exchanges: Where’s the DEX Race Heading?

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Trading cryptocurrencies has become more than a pastime these days. It has turned into more of a profession, driven by the assets’ volatility as traders, both experienced as well as novices, attempt to make a living out of it. While the profession seems promising, not all crypto trading platforms are currently up to the mark, as most of them are centralized and vulnerable to cyber threats as well as regulatory pressures from the governments.  However, in the recent times, the concept of decentralized exchanges (DEX) has caught up, as various…

Malaysia Orders Unregistered Crypto Exchanges to Shutter, Refund Users

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Malaysia’s capital markets regulator has warned all unregistered crypto exchanges doing business in the country to end operations and give back investor funds. In a press release, Securities Commission Malaysia indicated that only three digital asset exchanges were registered in the country. The three are Luno Malaysia, Sinegy Technologies and Tokenize Technology. Apart from the three operators mentioned above, no other online platforms are permitted to establish and operate a DAX in Malaysia currently. As such, all other DAX operators are required to immediately cease all activities related to the…

Dogecoin Price Surges 37% Following Binance Listing Announcement

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The price of the popular dogecoin cryptocurrency is surging after the announcement that it will soon be listed on the Binance exchange. Binance said in a support notice that trading will open for dogecoin (DOGE) at midday (UTC) Friday. The exchange will at launch offer trading pairs for DOGE against Binance coin (BNB) and bitcoin (BTC), as well as the stablecoins tether (USDT), Paxos standard (PAX) and USD Coin (USDC). Users can already deposit DOGE in preparation for trading, the exchange said. The news has given a big boost to the price of…

Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange

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Cryptocurrency tracking instruments traded on established equity exchanges allow institutional and retail investors to gain exposure to digital assets. Now there is a new option to invest in bitcoin cash (BCH) with an exchange traded product in one of the most advanced markets in the world. Under the ticker ABCH, bitcoin cash is the sixth Amun crypto-asset tracker listed on the Swiss stock exchange Six. Also Read: Over 22,000 Traders Have Now Signed up to Local.Bitcoin.com Bitcoin Cash Exchange Traded Product Amun AG, a Swiss fintech company aiming to facilitate…

‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin

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Veteran gold bug and bitcoin (BTC) skeptic, Peter Schiff, has taken delivery of $1,350 worth the cryptocurrency after the industry sent him donations on July 4. Schiff, who is well known for warning investors not to trust bitcoin as replacement for gold, triggered the goodwill gestures after becoming the topic of a Twitter debate with Morgan Creek Digital co-founder, Anthony Pompliano. Pompliano (also known as Pomp), highlighted the fact that Schiff in fact does own some BTC despite his negative comments.  Schiff responded that it was a token amount given…

Cash Prevents Digital Currencies With Negative Interest

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Japan’s second most senior banking figure has said central banks cannot use digital currencies to enforce negative interest rates, Reuters reported on July 5.  Speaking at an event held by the publication, Masayoshi Amamiya, deputy governor of the Bank of Japan, said that states issuing digital currency with a negative interest rate would force inhabitants towards cash.  This cash supply would remain, Amaiya said, and despite the current trend to replace it, no government would actually do so.  “To overcome the nominal zero lower bound, central banks would need to…

LEO Demand Spike Thanks To BitFinex Buyback Program, Arrests Made In Israel

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LEO stable but bullish BitFinex’s LEO buyback program in progress Two brothers in Israel are in custody for their involvement in 2016 BitFinex hack resulting in the loss of 120,000 BTCs. Relieving, it’s a boost for BitFinex currently buying back LEO tokens. At the time of writing, the coin is stable but bullish. LEO Price Analysis Fundamentals Cryptocurrency exchange hacks are a definite step back. Not only do they instill fear among account holders and destabilize exchanges, but the more they happen, the more likely regulators are likely to step…

Bitcoin is Absolutely Clobbering Your Favorite Altcoin This Season

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Many crypto enthusiasts love to hype the ever elusive altcoin season (“altseason“), which has long been hailed as one of the most profitable bitcoin market cycles for active cryptocurrency traders. When the season is in full swing, larger altcoins like Ethereum, Ripple, and even small-cap assets like Pundi X exponentially rise in value against bitcoin. Traders who catch the trend early can grow their bitcoin holdings in a relatively short period of time. There’s money to be made during an altseason. However, empirical data shows that simply being a bitcoin…

Bitcoin (BTC) Price Correction Presents Another Buying Opportunity

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After a strong rejection near $12,000, bitcoin price started a fresh decline against the US Dollar. A swing high was formed near $12,053 and recently declined below $11,800 and $11,400. There was a break below a major bullish trend line with support near $11,840 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair tested the $10,800 support level and it remains well supported for more gains. Bitcoin price started a fresh decline below the $11,800 support against the US Dollar. BTC is currently holding a…

Crypto Market And Bitcoin Starts Fresh Decline: BCH, BNB, EOS, TRX Analysis

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The total crypto market cap failed to climb above $325.0B resistance and declined recently. Bitcoin price was rejected near the $12,000 resistance and it recently declined below $11,400. EOS price is currently below $5.850 and it is facing a lot of selling interest. Binance Coin (BNB) is currently flat and is trading nicely above the $32.50 support area. BCH price is down around 4% and it is currently trading near the key $400 support area. Tron (TRX) price failed to hold the $0.0320 support and it remains at a risk…