Day: December 9, 2019

10 Key Things to Consider When Choosing a Crypto Exchange

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Choosing the right cryptocurrency exchange may be one of the most important initial tasks an interested trader or investor must complete. Picking the wrong platform could potentially lead down a road riddled with hacks, distractions and wasted effort. When looking for the right exchange, interested parties must first know what they are looking to accomplish. For example, is the goal to simply invest on a longer term basis, or to trade in and out of positions regularly? Investors might look to spot exchanges. These are platforms on which one can…

Nexo Now Offers Bitcoin Cash Instant Crypto Credit Lines

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Bitcoin Cash community members are able to borrow against their favorite digital asset in more than 40 fiat currencies across more than 200 jurisdictions. This is thanks to Nexo which now offers BCH Instant Crypto Credit Lines with one of the lowest annual percentage rates in the industry. Also Read: Save the Children Now Accepts Bitcoin Cash Donations Borrow Against Your BCH With Nexo Nexo, the most successful crypto lender in the world, is expanding its ever-growing service by adding bitcoin cash (BCH) to the list of accepted collateral for…

Binance Futures Hits $2.7B All-Time High as Firm Adds Futures on iOS

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Binance, the second-biggest cryptocurrency exchange by daily trading volume at press time, now supports Bitcoin (BTC) futures trading on its new iOS app. After Binance initially launched its two futures testnet platforms on Sept. 2, the exchange now allows its users to trade Bitcoin and Ether (ETH) futures contracts via its newly released iOS application, according to a blog post on Dec. 9. BTC and ETH futures trading is also available on Android According to the firm, Binance iOS app users can now trade BTC/USDT contracts at up to 125x…

EOS Price Hit after Getting a C- in Decentralization by Weiss

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Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes…

Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ

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After a lengthy period of consolidation, many cryptocurrencies appear to be setting up for a large move within the next few days. China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will go out of the central bank system and enter real service scenarios such as transportation, education, and medical treatment,” which will reach the end users. The project will be overseen by the Chinese central bank…

Huobi’s US-Based Crypto Trading Platform HBUS Ceases Operations

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HBUS, the operator of United States-based crypto exchange Huobi.com, is ceasing its operations, according to a tweet posted on Dec. 9. San Francisco-based cryptocurrency trading platform HBUS said in the announcement: “We regret to inform you that HBUS will need to cease operations so that it can return in a more integrated and impactful fashion as part of its ongoing strategic layout.” The move comes right after Huobi Global announced that it would freeze all U.S. customers’ accounts by mid-November. Explaining the decision, Huobi stated that the American regulatory environment…

Cryptojacking Malware Devs Sentenced to 20 Years in Prison

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From its founding in 2007 to its members’ apprehension and eventual extradition in late 2016, the Bayrob Group, which operated out of Bucharest, Romania, ran a sprawling hacking and malware operation. They deployed trojan malware in seemingly mundane emails from well-known companies and groups, but when victims attempted to download attachments apparently from Norton, the IRS and Western Union, their computers instead became infected with the Bayrob botnet, according to an indictment. Source

Kraken Adds GBP Support for U.K.; What This Means for Crypto Market

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Crypto asset exchange Kraken has added two new options for GBP deposits and withdrawals in attempts to speed up the exchange of funds for users. Related Reading: Bitcoin’s Chart Looks Eerily Similar to $3,000 Bottom; Is the Pain Over? Options to Fund Accounts In collaboration with UK-based payments services provider Clear Junction, Kraken users can now fund accounts using either the UK’s Faster Payments Service (FPS/BACS) or the CHAPS network, as reported on the exchange’s blog. FPS is significantly cheaper than CHAPS, with fees of just 1.95 GBP; transfers sent…

2020 Could See First Central Bank Digital Currencies

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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…