Day: December 16, 2019

Is Crypto Exchange ErisX Planning Launch of Futures Trading Tomorrow?

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Chicago-based crypto exchange ErisX has notified its members and participants that it will start trading futures digital currency products in a strangely low-key announcement. On Dec. 16, ErisX reached out to its members, informing them of its intent to start trading crypto futures tomorrow, Tuesday, Dec. 17. The notice is strange, considering that it appeared without the fanfare one would expect of the launch of such a major product, leaving doubt only magnified by the history of the exchange, as well as rival LedgerX. In July, the TD Ameritrade-backed crypto…

Chinese City Warns Investors: Crypto Isn’t Blockchain

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“Some companies set up servers outside China and promote their products among Chinese investors on social media,” the authority said in the statement. “They usually process transactions via online payment applications, therefore many of these funds are hard to retrieve as they floating abroad.”   Source If You Liked This Article Click To Share BlockchainChineseCityCryptoInvestorsIsntWarns CryptoX Portal

Bitcoin Price Drops Under $7K, But Longs Soar After $6.8K Bounce

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Bitcoin (BTC) price dropped below the $7,040 support, which kicked off a swift 3% decline to $6,800 on Dec. 16.  The sharp pullback is likely no surprise to traders as Bitcoin has been ranging lower at each daily close with previous supports at $7,300 and $7,150 flipping to resistance over the weekend. Cryptocurrency market daily overview. Source: Coin360 Bitcoin eyes $6.4K if $6.8K fails At the time of writing the price appears to have found support at $6,800 and has slightly recovered to $6,900. In the event that $6,800 fails…

Top 10 US Retail Banks Unknowingly Serve Crypto Startups, CipherTrace Claims

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The tool helps banks by revealing risks created by hidden connections between VASPs and bank payment systems, providing risk scores of more than 500 crypto exchanges and other VASPs, identifying unregistered MSBs and P2P schemes using bank accounts and identifying dark web risks and stolen financial products for sale that use cryptocurrencies for launding funds, the company claimed. Source

This Cryptocurrency Could Boom Following Bitcoin’s Next Drop

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Bitcoin has plunged by approximately 50 percent from its 2019 peak. And the cryptocurrency is hinting to continue trending downwards before the year’s close. The negative sentiment in its market, nevertheless, is benefiting rival cryptocurrencies. That is particularly true for XTZ, the native asset of Tezos, a proof-of-stake blockchain project whose market valuation has grown twofold across the last and current financial quarters. Since June 26 – the day bitcoin established its year-to-date (YTD) high of $14,000, the XYZ price against the benchmark cryptocurrency has surged by more than 200 percent.…

The HEX Controversy | Bitcoin.com Listing Despite Community Hesitations

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The wild growth of the crypto sector has been nothing short of a miracle despite the many pitfalls, but that has also resulted in the emergence of tokens that might not be completely above board, and one of those is HEX. The token is widely believed to be part of an elaborate scam, and in a new development, it has emerged that the crypto platform Bitcoin.com listed the token in spite of these hesitations from the general crypto community. Went Live Last Week Officials have revealed that trading on the…

Maduro’s Gov’t Promises 8M Venezuelans Half a Petro Each

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Venezuelan President Nicolás Maduro announced that this week the government will pay half a Petro to Venezuelan retirees and public workers as Christmas bonus. With a total of 4,500,000 retirees and 3,500,000 public workers, Maduro said in a speech on Dec. 15 that he expects to deliver half a Petro to more than 8 million Venezuelans this week. This follows up on remarks Maduro made in mid-November. With a fixed value of $60 established by the Venezuelan government, the average Petro bonus that each Venezuelan will receive will be equivalent…