Day: September 18, 2019

CFTC Taps Coinbase’s VP to Lead Division Responsible for Bitcoin Futures Oversight

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At CFTC, Coinbase’s Dorothy D. DeWitt will be responsible for the supervision of derivatives platforms, including bitcoin futures, swap data repositories, as well as for the evaluation of the new platform-traded products. The United States Commodity Futures Trading Commission (CFTC) has welcomed a new member to its team. They have appointed Dorothy D. DeWitt, General Counsel of Coinbase‘s Business Lines and Markets and the vice president, as the director of the Division of Market Oversight (DMO). According to the CFTC’s announcement, at CFTC, Dorothy D. DeWitt will be responsible for supervision…

Chinese Always Saw Bitcoin as Investment, Not for Payments

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Bobby Lee — co-founder and former CEO of China’s first crypto exchange BTCC — says the Chinese have always thought of Bitcoin as an investment rather than a payment system.  Lee made his remarks during an interview for Charlie Shrem’s Untold Stories podcast on Sept. 18. Designed for non-geek users Beyond sharing his reflections on the Chinese cryptocurrency landscape — covering interactions with regulators and observations about local investor tendencies — Lee used the airtime to discuss his latest crypto venture, a hardware wallet dubbed Ballet: “Ballet is the culmination…

New York Among 13 States Excluded as Binance.US Opens for Registrations

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The U.S. arm of cryptocurrency exchange Binance is opening for registration and deposits on Wednesday. The platform will go live supporting just six cryptocurrencies initially – bitcoin, (BTC), ether (ETH), XRP, bitcoin cash (BCH), litecoin (LTC) and the tether stablecoin (USDT). The platform expects more to be added in “coming weeks,” providing they pass Binance.US’s Digital Asset Risk Assessment Framework. Notably, Binance’s own token Binance Coin (BNB) and its recently launched dollar-linked stablecoin BUSD are not yet supported. The new launch comes after stateside users of its global platform Binance.com were barred from…

European Space Agency Awards €60K for Blockchain Satellite Wallet

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The European Space Agency (ESA) has awarded a 60,000 euro ($66,400) grant for blockchain startup SpaceChain to commercially develop its satellite-powered, multi-sig wallet. According to an announcement published on Sept. 18, the new grant comes via ESA’s “kick-start activities” fund. SpaceChain’s project, if successful, also stands poised to secure additional funding in the future from ESA’s Business Applications and Space Solutions. Multi-sig security in orbit Since 2017, SpaceChain has been working to build an open-source, blockchain-based satellite network and has already developed its open-source operating system and flight-tested two blockchain…

Binance.US Opens Registration Today, Excluding 13 States

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Binance.US, United States branch of major cryptocurrency exchange Binance, announced that the opening of accounts registration, scheduled for Wednesday, will not include New York, Washington, Florida and 10 more states. According to the blog post published on Sept. 17, registration will start at 8 a.m. ET on Sept. 18 in most U.S. states, excluding the following: Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington. The post continues: “Although it is upsetting that we cannot offer Binance.US in [these] states […] at this…

Thailand: Analyzing the Mystery Closure of Bitcoin Co (bx.in.th)

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An article published by the Bangkok Post speculates some hypotheses that may have led to the closure of the well-known exchange Bitcoin Co earlier this month. Contention As reported by BTCManager on September 2, the Thai exchange Bitcoin Co (bx.in.th) unexpectedly closed its doors leaving its users in a mix of confusion and wonder. The only information released by the exchange was that it did not want to keep its Securities and Exchange Commission [SEC] license for digital asset exchanges for 2020, hence the decision to close operations as early…

Bitcoin Price (BTC) Trading Near Make-or-Break Levels

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Bitcoin price is trading in a range below the $10,300 and $10,400 resistances against the US Dollar. The price is struggling to gain momentum above $10,300 and the 100 hourly SMA. There is a key breakout pattern forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either rally above $10,400 or it might extend its decline towards the $9,900 support. Bitcoin price is trading below key resistances and hurdles against the US Dollar. BTC is likely to make the…

Altcoins Dragging Crypto Market Cap Higher: BCH, BNB, EOS, TRX Analysis

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The total crypto market cap is slowly climbing higher and it recently broke the $260.0B resistance. Bitcoin price is currently trading in a range near the $10,200 level. EOS price is trading near $4.100 and it could start another upward move. Binance Coin (BNB) is up more than 6% and it recently surpassed the $21.50 resistance. BCH price gained more than 5% and it recently broke the $320 resistance area. Tron (TRX) price rallied 10% and broke the main $0.0165 resistance level. The crypto market cap gained after a strong…

Ripple Price (XRP) Rallies Significantly To Start Massive Uptrend

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Ripple price surged more than 15% after it broke the key $0.2650 resistance against the US dollar. The price is trading well above the $0.3000 level and it could continue to rise. There was a break above a bullish continuation pattern with resistance near $0.2930 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is showing a lot of bullish signs, with many supports near the $0.3000 and $0.2950 levels. Ripple price rallied above $0.3000 to start an uptrend against the US Dollar and bitcoin.…

Ethereum (ETH) & Ripple (XRP) Surge Sparks Fresh Rally In Altcoins

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ETH price rallied further and broke the $200 and $210 resistance levels against the US Dollar. Bitcoin price is consolidating near the $10,200 and $10,250 pivot levels. There is a new connecting bullish trend line forming with support near $206 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing a lot of bullish signs and it might even surpass the $215 resistance level. Ethereum price is up close to 8% and ripple surged 18% versus the US Dollar, while bitcoin is consolidating. ETH price could…