Day: January 7, 2020

Messenger Giant Line’s Crypto Exchange to Delist XRP This Month

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BitBox, the Singapore-based cryptocurrency exchange operated by internet messaging giant Line, announced that it will delist XRP on Jan. 16. Cointelegraph Japan reported BitBox’s decision earlier today. The announcement published on the exchange’s website on Jan. 6 read: “We keep a constant watch on all coins that are being traded on BITBOX. If a coin does not meet our standards based on its performance, reliability, liquidity, or law and regulatory requirements, it will be delisted from our exchange. To protect your assets and interests, we provide sufficient notice before delisting.”…

Bitcoin Bitwala Advances DeFi Initiative and now Supports Ether (ETH)

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Bitwala, Europe’s leading payment service provider and bitcoin (BTC) bank headquartered in Berlin, has announced that it’s now supporting ether (ETH), the second-largest distributed ledger technology (DLT) based virtual currency by market cap. With the move, Bitwala customers will now be able to buy and sell ether (ETH) right from their current accounts, according to a Decrypt report on January 7, 2020. Support for Ether (ETH) As part of larger efforts to support the growth of the decentralized financial (DeFi) ecosystem, Bitwala, Europe’s pioneer bitcoin bank is now supporting ether…

Bitcoin Probes Major Resistance After 15 Percent Price Rally

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A long-term bitcoin price resistance has come into play for the first time in two months. The widely-tracked 100-day moving average (MA), currently located at $7,945, was breached in the early Asian trading hours, according to Bitstamp data. The move, however, ran out of steam at $8,000 and prices soon fell back below the major hurdle. At press time, bitcoin is changing hands at $7,870 on Bitstamp, representing a 14.8 percent gain from Friday’s low of $6,853. The global average price, as calculated by CoinDesk’s Bitcoin Price Index, currently stands…

Bitcoin Probes Major Resistance After 15% Price Rally

boss

A long-term bitcoin price resistance has come into play for the first time in two months. The widely-tracked 100-day moving average (MA), currently located at $7,945, was breached in the early Asian trading hours, according to Bitstamp data. The move, however, ran out of steam at $8,000 and prices soon fell back below the major hurdle. At press time, bitcoin is changing hands at $7,870 on Bitstamp, representing a 14.8 percent gain from Friday’s low of $6,853. The global average price, as calculated by CoinDesk’s Bitcoin Price Index, currently stands…

CEO of Crypto Firm Longfin to Pay $400K in Settlement with SEC

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An update from the courtroom shows that Venkata S. Meenavalli, the CEO of the embattled crypto firm Longfin, has finally yielded to paying a disgorgement fine of $400,000. The case filed against the supposed cryptocurrency firm last year by the SEC at the US district court for the southern district of New York alleged that Longfin Corp. and its acting chief executive officer misinterpreted their finances and lied to obtain a listing on the Nasdaq. According to the complaint, Longfin CEO Meenavalli created and managed a scheme that helped him…

Bitcoin Flashes Wyckoff ‘Sign of Strength’ Hinting at New Bull Market

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Bitcoin (BTC) may have just signaled its return to a bull market, according to fresh analysis using a century-old price prediction method. In a tweet on Jan. 7, ex-Goldman Sachs analyst Murad Mahmudov channeled the work of Richard Wyckoff to suggest Bitcoin was in the process of a major recovery.  BTC puts in Wyckoff “SOS” BTC/USD cracked resistance at $7,600 on Monday, surprising punters who considered the levels too difficult to pass under current conditions. At press time, the pair traded at $7,875, having reached $7,980 and gaining 5% on…

Store of Value Remains Crypto’s Best Use Case

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Ryan Zurrer is founder of Dialectic, a Swiss-based crypto-asset firm focused on on-chain opportunities. Previously, he led investments at Polychain Capital and served as chief commercial officer at the Web3 Foundation. Store of value was the most viable and desirable use case across crypto in 2019 and offers a basis to increase users in the second decade of crypto. Collateral-backed crypto-assets and alternative stores…

Major South Korean Crypto Exchange Bithumb Launches R&D Center

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South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center. According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for the research center’s impact on the company: “Bithumb will become a leading company in the blockchain and cryptocurrency ecosystem by strengthening its own R&D capabilities.” The center’s purpose The new R&D center is going to employ around 30 people and will start its activities this month. Bithumb’s…

Law Enforcement Requests to Kraken Hit All-Time-High, Up 49% in 2019

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Law enforcement requests to cryptocurrency exchange Kraken hit their highest ever volume in 2019, rising 49% to 710 as compared with 475 the previous year. The data was revealed in a tweet from the exchange on Jan. 6, which included a snapshot taken from the new 2019 Transparency Report from Kraken’s compliance team. Screenshot, 2019 Global Law Enforcement Requests. Source: @krakenfx American, British and Danish agencies the most proactive As the snapshot reveals, Kraken received a total of 710 information requests from global law enforcement agencies in 2019, marking a…

XRP And Ripple Unexpectedly Face Major Blow in Japan After 15% Price Surge

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XRP, Ripple’s native cryptocurrency which increased by more than 15 percent in merely two days, will be delisted from BITBOX. The exchange is operated by Japan’s biggest messaging application LINE. Why is XRP being delisted, and what impact will it have? In a standard statement, the BITBOX team said that it actively observes every cryptocurrency listed on the exchange. If a cryptocurrency fails to meet its standards on performance, reliability, liquidity, or regulatory requirements, it said that it will delist. “We keep a constant watch on all coins that are…