Day: July 9, 2019

LG Applies for ‘ThinQ Wallet’ Crypto Wallet Trademark in the U.S.

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South Korean technology behemoth LG applied for the “ThinQ Wallet” trademark with the United States Patent and Trademark Office (USPTO) on July 2, data published on the official office’s website shows. According to the filing documents, the trademark is for services concerning transaction and settlement services, mobile banking, “issuance of cyber money,” and “payment application software for mobile phones” among others. ThinQ is a brand first used by smart refrigerator introduced by the company in 2011 at the consumer electronics show. Nowadays, also multiple smartphones have been launched under the…

Crypto Exchange Regulations across the World

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With the increasing interest in cryptocurrency and the dynamic regulatory frameworks, everyone is eager to know what the future holds for crypto exchanges. Global regulators are dealing with how to best frame policies that enable them to police the crypto sphere effectively, while trying hard not to disrupt the privacy of users to such an extent that it creates a backlash from them. This is indeed a very fine line that requires a delicate balance. It is vital that investors, as well as all those interested in the crypto market,…

Bitcoin Targets the $14,000 Level amidst Positive Fundamentals

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Bitcoin, whose price fell close to the $9,500 level last week, has dramatically switched its interim bias upside down. The world’s leading cryptocurrency on Monday soared to a session high of $12,829.96, adding over 32 percent to its month-to-date low on San Francisco-based Coinbase exchange. The upside price action further brought bitcoin closer to its 2019 peak of $13,868.44, prompting speculators to envision a double top scenario. Bitcoin Heading to Form Double Top | Image Credits: Josh Rager Technically, a double top situation is alarming because of its tendency to fuel bearish…

Polish Crypto Exchange BitMarket Shuts Down Citing Liquidity Loss

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Polish cryptocurrency exchange BitMarket announced its shutdown on its official website on July 8. When trying to access the exchange through its website, users are instead greeted with the following text message in both English and Polish: “Dear Users, We regret to inform you that due to the loss of liquidity, since 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps.” Leading cryptocurrency analytics website CoinMarketCap shows that the trading platform was not popular. The volume reported by the website at press time is…

Major Polish Crypto Exchange ‘Loses Liquidity’ to Shut Shop Unexpectedly – CCN Markets

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BitMarket.pl shuts down and blames “loss of liquidity” without clarifying status of user funds. | Source: Shutterstock Bitmarket, a Polish cryptocurrency exchange which started operating in 2014 has stopped operations without warning, citing ‘loss of liquidity’ as the reason for its shutdown. In a statement posted on its official website, the platform declined to provide any further information, including what is likely to happen to funds trapped in user exchange wallets. The short statement posted early this morning simply reads: “Dear Users, we regret to inform you that due to…

Major Polish Crypto Exchange ‘Loses Liquidity’ to Shut Shop Unexpectedly

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Bitmarket, a Polish cryptocurrency exchange which started operating in 2014 has stopped operations without warning, citing ‘loss of liquidity’ as the reason for its shutdown. In a statement posted on its official website, the platform declined to provide any further information, including what is likely to happen to funds trapped in user exchange wallets. The short statement posted early this morning simply reads: “Dear Users, we regret to inform you that due to the loss of liquidity, since 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you…

Major Polish Crypto Exchange ‘Loses Liquidity’ to Shut Shop Unexpectedly

boss

Bitmarket, a Polish cryptocurrency exchange which started operating in 2014 has stopped operations without warning, citing ‘loss of liquidity’ as the reason for its shutdown. In a statement posted on its official website, the platform declined to provide any further information, including what is likely to happen to funds trapped in user exchange wallets. The short statement posted early this morning simply reads: “Dear Users, we regret to inform you that due to the loss of liquidity, since 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you…

Bitcoin Price Breakout Eyes Massive Upside Beyond 2019 High

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Bitcoin price bounced into the green during the European morning session yesterday and hasn’t left the territory ever since. The bitcoin-to-dollar exchange rate today established an intraday high of $12,794.27 on Coinbase exchange. The move upside brought the pair’s month-to-date returns 19.17 percent higher. But most importantly, the move helped bitcoin break above a crucial resistance area, indicating the asset’s likelihood of retesting its year-to-date highs of $13,868.44. The bitcoin price rally appeared despite a stronger intraday US dollar sentiment. The greenback on Monday edged up on a stronger-than-expected jobs data.…

Bitcoin Price Eyes Move Above $13K as Dominance Rate Hits 2-Year High

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View Bitcoin’s violation of recent bearish lower highs with a move above $12,061 has opened the doors for a retest of $13,880. Prices reinforced the bull breakout with a successful defense of the former resistance-turned-support of $12,061 soon before press time. Bitcoin’s dominance rate has spiked to 27-month highs, backing the uptrend in prices. A high-volume UTC close below $12,000 would abort the bullish view. Bitcoin’s break above a key price hurdle looks to have set the tone for a retest of recent highs above $13,800. The top cryptocurrency bu…

Crypto Friendly Regulation can Help UK Brexit, Says $10 Billion Advisory Giant

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The CEO of financial advisory giant deVere Group said positive cryptocurrency regulation should form a central part of the post-Brexit United Kingdom. Nigel Green made the comments in an interview with fintech news outlet Verdict on July 9. DeVere, which has around $10 billion of assets under advice, is concerned the U.K. will end up in recession in the event of a no-deal Brexit, which politicians have promised could happen as soon as October.  “The growing cryptocurrency market has already provided tangible economic benefits to other major economies,” Green said. …