January 8, 2020

Binance Charity Launches Relief Effort for Australian Bushfires

January 8, 2020 boss

To address the after-effects of the bushfires in Australia, the Binance Charity Foundation (BCF) is donating $1 million worth of BNB tokens to the Australia Bushfire Donations project. In a Jan. 7 blog post, BCF — the philanthropic arm of major cryptocurrency exchange Binance — announced the launch of a new charity project dubbed Australia Bushfire Donations, to which BCF is donating $1 million worth of Binance’s native Binance Coins (BNB). The funds raised within the project will be used to help relieve the devastating impact of fires across the…

Price Analysis Jan 8: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, ADA

January 8, 2020 boss

Profit booking seen at higher levels. However, if the major cryptocurrencies can bounce off their strong support levels, it will indicate strength. The crypto markets continue to respond to the events happening in the United States-Iran conflict. Any sign of escalating tensions is boosting the crypto markets higher. Google Trends shows that the searches for terms “Bitcoin” and “Bitcoin Iran” have surged in the past few days. This shows that investors are considering Bitcoin as a safe haven asset, similar to gold. A report released by analytics firm SFOX showed…

3,000 New S17 Pro Antminers Start Operation at Riot’s Oklahoma Crypto Mine

January 8, 2020 boss

Digital currency mining firm Riot Blockchain has begun deploying around 3,000 new units of S17 Pro Antminers as part of the full upgrade of its Oklahoma City mining facility. Per a Jan. 8 press release, Riot now operates nearly 3,000 more S17 Pro Antminers it purchased from Chinese mining giant Bitmain. The new mining machines are set up at Riot’s Oklahoma City mining facility, with the company employing additional staff to exploit the new miners and accelerate the upgrade process. Full upgrade In mid-December of 2019, Riot announced a purchase…

Travis Kling on Bitcoin as a Safe Haven Asset

January 8, 2020 boss

The conversation about whether bitcoin is a safe haven asset continues in the wake of Iranian missile strikes, which saw the price of BTC both surge and retrace in parallel with crude and gold. To help explain what’s going on, we feature comments from Ikigai Asset Management’s Travis Kling. Also in today’s episode, we look at newly published priorities from the SEC around crypto including investor suitability, trading practices and compliance program effectiveness. We also discuss former Bakkt CEO and now U.S. Senator Kelly Loeffler’s appointment to the committee that…

Vulture Investor Is Looking to Buy QuadrigaCX Creditors’ Claims

January 8, 2020 boss

A New York investment firm wants to buy claims from former QuadrigaCX users – provided there’s enough interest from creditors entitled to assets held by the infamous exchange. Argo Partners is opening a dialogue with creditors of QuadrigaCX, which collapsed nearly a year ago following the death of its founder and CEO Gerald Cotten, in hopes of gauging how many individuals will sell stakes in its remaining funds. Creditors who don’t want to wait for court-appointed bankruptcy trustee Ernst & Young (EY) to sort through the claims and liquidate assets…

Vulture Investor Is Looking to Buy QuadrigaCX Creditors’ Claims

January 8, 2020 boss

Bitcoin (BTC) Soars Above $8K Mark on Geopolitical Concerns

January 8, 2020 boss

One of the most remarkable events in the crypto space took place in the first half of 2019 when Bitcoin (BTC) went on a remarkable rally that almost mirrored the rally from 2017. However, the rally soon fizzled out, and it has been a bit of a rollercoaster ride for the world’s biggest cryptocurrency by market cap. That being said, BTC has managed to make a remarkable comeback in 2020, and today it breached the psychologically important level of $8,000. It should also be noted that the token hit its…

KuCoin’s PoS Mining Platform Pool-X Launches BETA Version with Staking Service

January 8, 2020 boss

Pool-X, the next generation POS mining platform supporting lockup crypto transactions backed by KuCoin, today announced the launch of its BETA version and the opening of the Staking function. The first four staking products include KCS-30, TRX-30, XTZ-30, and ATOM-Flexible. In addition to receiving Staking rewards, participating users can also get a share of 250,000 POL every day. According to the Staking rules announced by Pool-X, the activity is valid from January 8 to January 12. Unlike other Staking providers, Pool-X pioneered the double-income model of staking. During the staking…

Bitcoin Price Retreats to $8K as Trump Defuses Potential War With Iran

January 8, 2020 boss

Over the last few hours, the price of Bitcoin (BTC) began to falter at $8,300 and dropped all the way to the support at $8,000 as United States President Donald Trump stated that he would not seek further military action against Iran following Tuesday night’s bombing of two air bases in Iraq. The 4.82% pullback could show that speculators looking for Bitcoin price to rally higher on what they interpreted an increasing chance of war with Iran decided to either pull their bids or take profit as Bitcoin struggled to…

Former Bakkt CEO and New US Senator Loeffler Will Help Oversee CFTC

January 8, 2020 boss

Former Bakkt CEO and Georgia’s new Senator Kelly Loeffler will help oversee major financial regulator, the Commodity Futures Trading Commission (CFTC). Sworn into the United States Senate on Jan. 6, the crypto-friendly businesswoman has joined the Senate Agriculture Committee, which oversees the CFTC. The news was first reported by farm and policy publication Agri-Pulse on Jan. 6, while the official announcement was released on Jan. 7. Potential conflict of interest: CFTC regulates ICE’s markets Loeffler’s appointment to the agriculture committee is potentially setting up a conflict of interest as the…