Day: November 12, 2019

Market Mostly Trades Sideways as Bitcoin Price Hovers Around $8,800

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Tuesday Nov. 12 — Cryptocurrency markets are largely trading sideways with many changes among the top-20 coins not exceeding 1% on the day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been trading sideways for the better part of the day and continues to circle the $8,800 price mark. The world’s largest cryptocurrency bounced off a local low of $8,705 earlier today before moving to its current trading price at around $8,750, showing a small gain of 0.27% on the day. BTC daily price chart. Source: Coin360 Bitcoin continues…

Justin Sun Confirms Tron’s Listing on Poloniex Cryptocurrency Exchange

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Tron (TRX), the 11th largest cryptocurrency by market capitalization, has now been listed on the Poloniex cryptocurrency exchange. Sun confirms TRX listing on Poloniex In a Nov. 9 blog post, Poloniex cryptocurrency exchange announced that it was readying to list the decentralized cryptocurrency on its platform, which Tron CEO Justin Sun confirmed on Nov. 12 by tweeting “it’s official now.” Starting today, customers will be able to start posting limit orders for TRX/Bitcoin (BTC), TRX/Tether (USDT) and TRX/USD Coin (USDC). Reportedly, full trading will be enabled “shortly after this date.”…

Two Former Circle Executives Co-Found Proprietary Crypto Trading Firm

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Two former executives at crypto finance firm Circle and former DRW executive jointly founded proprietary crypto trading firm CMS Holdings. The new venture Coindesk reported on Nov. 12 that the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter desk Circle Trade — and former technology executive Julien Collard-Seguin alongside a third partner. The third founder is the former head of trading at Cumberland (the crypto trading arm of brokerage DRW) Bobby Cho. According to the outlet, the three decided to…

Ripple Home ‘Tinder for Bankers’ & Xpring Targets $5 Trillion/Day

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First off at the XRP meetup in Japan, Ripple Product Manager Warren Anderson claimed he cared not for the $2 billion daily crypto market we all moan about. He says the market that Xpring is targetting is the $5 Trillion a day FX Markets, is it simply coincidence the Swift network also transacts this amount every day.  XRP is already breaking records every day simply from its MoneyGram Mexico/US corridor where utility is around $5 million per day, up dramatically from October. RIPPLE NIPPON – The XRP Meet in Japan…

C++ Creator Laments C++ Use in Bitcoin Mining Operation

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Bjarne Stroustrup, a Danish computer scientist and the creator of C++ programming language, has vented his frustration with use of C++ in Bitcoin (BTC) mining. Stroustrup made his remarks during an interview for Lex Friedman’s podcast released on Nov. 7. Speaking with Friedman, Stroustrup provided an extensive insight into the evolution of C++, the language’s concepts, implementations and efficiency. Although Stroustrup noted that programming languages generally have large user bases that use them in ways they were not designed for, he expressed disappointment that Bitcoin’s creator, Satoshi Nakamoto, chose C++…

Bakkt to Launch Institutional Bitcoin Custody Services

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Bakkt, the crypt subsidiary of the Intercontinental Exchange, has announced that it will begin holding the Bitcoin assets of its institutional investors, which was one of the most sought-after services of the platform prior to its launch in September. Launch of Bakkt Warehouse Upon launch, Bakkt initially only offered custody services to customers who were trading its Bitcoin futures contracts but has now received approval from the New York Department of Financial Services (NYDFS) to store all Bitcoin assets of its customers in the “Bakkt Warehouse.” Pantera Capital, Galaxy Digital, and…

What Is VeChain (VET) and Why Did it Pump 65% This Month?

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While the majority of crypto traders are discussing a variety of bullish and bearish perspectives on Bitcoin (BTC), many altcoins are jumping around and making significant moves. One of them is VeChain (VET), which has surged more than 100% in a matter of weeks. Crypto market data daily view. Source: Coin360 VeChain breaks 200-Day exponential moving average for the first time since summer 2018 For the first time since listing, VeChain managed to break the 200-day exponential moving average (EMA), as can be seen in the following chart. VET BTC…

Bakkt Bitcoin Custody Services now Available to all Institutions

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In a Medium post published on November 11, 2019, Bitcoin (BTC) Futures contract trading platform Bakkt announced the launch of Bakkt Warehouse for all institutions. BTC Custody Made Available to All After having received authorization from the New York Department of Financial Services (NYFDS), Bakkt Warehouse will now be able to expand its clientele beyond clients trading the Bakkt Bitcoin Futures contract. As such, Bakkt Warehouse, the enterprise-grade Bitcoin custody offering by Bakkt, is now available to all financial institutions. The institution’s current list of clients consists of prominent names…

Alibaba to Reward Free Bitcoin Through Shopping App Lolli

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The pace of development of the crypto sector has been nothing short of breathtaking over the past few years, and now, free Bitcoin rewards are even becoming a real thing. In a new development that would come as a massive boost for Bitcoin and the crypto space in general, Chinese e-commerce behemoth Alibaba has now got involved in the space. The company has created a partnership with Lolli, a shopping rewards app, and by way of that partnership, Alibaba shoppers can claim 5% of their rewards in the form of…

Evercoin Launches Bitcoin and Cryptocurrency Hardware Wallet

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New York, NY, 12 November 2019 – At New York Consensus Invest Summit, Evercoin Inc. today announced Evercoin 2, the “safest hardware wallet”. Evercoin 2 provides a wallet and exchange for bitcoin and other cryptocurrencies featuring a hardware wallet the size of a house key powered by YubiKey 5ci, the first implementation of its kind. Prior to this, users wanting hardware security relied on large, difficult to use and not mobile-first first-generation hardware wallets like Ledger and Trezor. Now every compatible YubiKey owner can download a free hardware wallet. Evercoin…