Day: December 6, 2019

Japanese Financial Giant SBI Holdings Considers Paying Dividends in XRP

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Japanese financial services giant SBI Holdings is considering to pay shareholder dividends in the form of XRP tokens, following the same practice by its subsidiary MorningStar. After MorningStar started offering its shareholders dividends in XRP earlier this year, SBI CEO Yoshitaka Kitao revealed that the company is now considering to follow suit, Cointelegraph Japan reported on Dec. 5. SBI would launch the program during the fiscal year ending in March 2020, with Kitao further stating that it is opt-in. MorningStar’s XRP dividends grew SBI’s crypto business MorningStar Japan, an independent…

Is Bitcoin Ready to Retest $8,000 as the Whole Market Is Green Today?

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On Wednesday, Bitcoin jumped 9.92% from the day low of $7,080 to $7,775 during only 5 hours of the trade. However, at the end of the day, the price closed at $7,199. The Bitcoin price seems to be slowing down every time it meets resistance at $7,800 and cannot set a higher high above $8,000. Traders can see that the highest volume happened when the prices were $8,040 and $7,850. However, since prices started to drop as soon as they reached those heights, it can be presumed that the next…

Key Bitcoin Price Indicator Turns Bearish, But It May Not Be Bad News

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Disclaimer Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it…

Steven Mnuchin Does Not Expect US to Issue Digital Dollar in Next 5 Years

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United States Secretary of the Treasury Steven Mnuchin said that he and Federal Reserve Chairman Jerome Powell do not anticipate the development of a national digital currency in the country. Mnuchin delivered his comments during a House Financial Services Committee hearing in Washington, Bloomberg reported on Dec. 5. “Chair Powell and I have discussed this — we both agree that in the near future, in the next five years, we see no need for the Fed to issue a digital currency,” Mnuchin said. The Treasury secretary’s statement came in response…

Ripple Files Final Motion to Dismiss Class-Action Securities Lawsuit

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Ripple has filed a motion to dismiss a class-action lawsuit alleging that it held an unregistered securities sale of its XRP tokens. In court documents filed on Dec. 4, Ripple argues that the plaintiffs’ case is contradictory and “self-defeating.” Alongside a reiteration of previous arguments, the company now also claims that, even if XRP were a security, the statute of repose had passed before the lawsuit was brought to court. Ripple says that XRP is not a security, but even if it were… In what is reportedly Ripple’s last attempt…

Microsoft Collaboration News Fuels 50% Rally for Enjin’s Cryptocurrency

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Enjin coin (ENJ) started to rise sharply from Wednesday afternoon (UTC) as news spread of a rewards scheme from the tech giant that uses Enjin technology and the ethereum blockchain. Known as Azure Heroes, the scheme rewards community members with crypto collectibles (or NFTs) for good deeds, such as mentoring, providing demos, creating content and more. Source If You Liked This Article Click To Share CollaborationCryptoCurrencyEnjinsFuelsMicrosoftNewsRally CryptoX Portal

Binance Crypto Exchange Seeks Staff to Lead Its Efforts in Turkey

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Major crypto exchange Binance is looking for managerial staff to establish its office in Turkey, according to job postings on LinkedIn. Binance listed a total of five open positions on its LinkedIn company page as of Dec. 6 to establish a local presence in Istanbul, Turkey. The company is seeking managers for its finance, compliance, marketing, and PR divisions.  Binance CEO Changpeng Zhao recently detailed the exchange’s plans for Turkey in an interview with Cointelegraph. He described Turkey as “a vibrant country that has illustrated one of the strongest demands…