Day: October 13, 2019

2019 May Be the Year of Regulatory Response to Crypto: Ex-CFTC Chairman

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Former Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo, who had parted ways with the regulator this summer, has stated that he expects 2019 to be the year when regulators may start considering some response to cryptocurrencies. Giancarlo voiced his opinion during an interview with industry news outlet The Block published on Oct. 9, stating: “I would say 2019 is the year in which there’s a growing recognition that regulators and policy makers need to do more than just be aware of these, but may actually need to look at…

‘Hurun China Rich List 2019’ Features 12 Crypto Magnates

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“Hurun China Rich List 2019” published by Hurun Report, a research, media and investments firm, features 12 local cryptocurrency magnates. The latest list was published on Oct. 10 and includes co-founders of mining giant Bitmain Micree Zhan and Jihan Wu, founder of major crypto exchange Binance Changpeng Zhao and founder of competing OKCoin — Star Xu. Lastly, Leon Li, founder of cryptocurrency exchange Huobi, is also on the list. Mining hardware producers and crypto exchanges’ CEOs Bitmain’s Zhan — with his net worth of 30 billion Chinese yuan (over $4.2…

The SEC Pulls the Plug on the Sale of Telegram Open Network’s Gram Token

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We may have to wait longer for the ‘world’s most anticipated token,’ as its website claims. The SEC has officially ordered Telegram to ground the initial coin offering (ICO) of its highly anticipated blockchain project, Telegram Open Network (TON) . The revelation of Facebook’s digital currency Libra brought about a deep awakening among big tech companies – including social media platforms. One of such big names to catch the bug and perhaps accelerate its crypto plans is Telegram, which fought tooth and nail to create its own native coin that…

Binance SG Add’s XRP & 1.1 Billion Chinese Citizens Can Swap Yuan for Crypto

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While Binance Singapore launched in April this year users were underwhelmed to find they could only purchase Bitcoin at fixed prices. Recently, however, it was announced they are launching the option to buy XRP with local Singapore dollars allowing access to the revolutionary digital asset. We just opened trading for XRP/SGD trading pair on Binance.Start depositing XRP in preparation for trading, we will open trading for XRP/SGD trading pair at 09/10/2019 14:30 Binance SG BINANCE SG – 6 million in Singapore can for the first time buy XRP with local…

Bitcoin Price: Is $8K the New Normal or Can it Bounce Back?

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Bitcoin Price: Is $8K the New Normal or Can it Bounce Back? October 13, 2019 by Ramiro Burgos The bitcoin price is now balancing around $8,000 USD, potentially favoring a chance to revert and upgrade to the former lateral market, somewhere around the $10,000 axis level. How do the charts look this week? Read our weekly technical analysis to find out. Also read: Bitcoin Price Finally Moves, but Not How You Wanted. What’s Next? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bitcoin Price Technical Analysis Long-Term…

Zcash Will Get a Gateway Into Ethereum’s DeFi Ecosystem

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When cryptocurrency fans gathered in Osaka, Japan, this week for the Devcon developer conference, the halls were filled with buzz about smaller projects seeking access to ethereum’s decentralized finance smorgasbord, especially loans and financial products, via interoperability. “Connecting to other chains doesn’t seem to be an ethereum developer’s priority,” Summa co-founder James Prestwich told CoinDesk. “But other chains seem to want to connect to ethereum.” For example, Josh Swihart, VP of marketing and business development at the Electric Coin Company (ECC), told CoinDesk that over the next six months the…

Crypto Market Hardly Needs a Bitcoin ETF at This Time, Says BKCM CEO

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Founder and CEO of crypto investment firm BKCM Brian Kelly has said that Bitcoin (BTC) exchange-traded funds (ETF) are hardly needed for the ecosystem’s development, given that the coin is already available on regulated platforms such as Fidelity and TD Ameritrade. Kelly made his remarks during an interview with CNBC published on Oct. 11, explaining:  “You have companies like Fidelity and TD Ameritrade starting to push into this space. So ultimately you’re going to be able to buy Bitcoin in a regular brokerage account, or it’s going to look like…

Can Crypto Exchanges Ever Be Truly Decentralized?

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Earlier this week, British-American entrepreneur John McAfee, who is currently living “in exile” due to tax-related charges filed against him by the United States authorities, launched his own decentralized exchange (DEX).  The expressive crypto advocate’s McAfeedex.com is running on the Ethereum (ETH) blockchain, and, in McAfee’s own words, it is a “Wild Wild West exchange” that purportedly cannot be seized by regulators. “There is nothing to shut down,” he wrote on Twitter, “Our technology is the smart contracts forever residing on the blockchain.”  According to the businessman, the DEX, currently…

Bitcoin Fractals May Indicate Next Move as Consolation Continues

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Another day has passed with very little activity on Bitcoin markets. The king of crypto continues to consolidate as its trading channel tightens up in anticipation of another big move. Technical indicators may give us a clue as to which direction BTC will take next. Another Week at Support For Bitcoin Weekends are usually pretty quiet for crypto trading and this Sunday has been no different so far. With very little activity during the Asian session, Bitcoin has remained range bound in the low $8,300 region. A brief move up…

Ethereum Price Weekly Forecast: ETH Holding Important Support

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ETH price started a sharp downside correction after trading as high as $198 against the US Dollar. The price is currently holding an important support area near the $180 level. There was a break below a major bullish trend line with support near $188 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could extend its decline towards the $175 support area before a fresh increase. Ethereum price is struggling to retain its bullish bias against the US Dollar and bitcoin. ETH is likely to bounce back…