Day: January 9, 2020

QuadrigaCX Creditors’ Claims Attract an Investor

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QuadrigaCX creditors’ claims have caught the eye of Argo partners. Argo Partners is a New York investment firm whose niche includes creditor’s claims, bankruptcies, insurance liquidations among others. Sources indicate that the investment firm is already communicating with impatient creditors. Ernst & Young that is the court-appointed bankruptcy trustee is still sorting things out. The death of Gerald Cotten in India has complicated things further. Zeeshan Aziz who is the co-manager for Argo’s trading desk indicated: “Typically when Argo is buying claims – as an example Toys ’R’ Us –…

Changpeng Zhao Makes Super Bullish Case for Binance Coin

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Those who missed the 2019’s Binance Coin (BNB) price rally can still stage profits off the cryptocurrency in 2020, hints its supreme backer Changpeng Zhao. The Binance exchange CEO theorized a potential positive correlation between BNB and its top rival Bitcoin. He noted that the current upside sentiment in the bitcoin market could increase the number of trades on Binance. And traders use BNB to pay for trading fees, it would overall boost the coin’s demand. What happens when $btc goes up? More trading volume. What happens when there is…

Ethereum, Tron and EOS Dominated DApp Ecosystem in 2019

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DappReview published its 2019 insights on the decentralized app (DApp) space in a Jan. 8 report. Just three blockchains accounted for 98.65 percent of total transaction volume, though EOS began to struggle in Q4 2019. Decentralized app aggregator DappReview summarized the main events within the DApp ecosystem in 2019. The value of on-chain transactions amounted to $23 billion, with 1,955 DApps added during the year — bringing the total number to over 4,000. However, the firm notes that in terms of the number of users, the entire space continues to…

Nervos Network Will Hand Out $30M to Encourage Third-Party Development

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Nervos Network has set up a $30 million public grant fund to sponsor external developers building on its blockchain infrastructure. Announced Thursday, the fund will pay developers in cash, rather than equity or tokens, and all submitted projects will be made public to source feedback from the broader community, Nervos researcher Kevin Wang told CoinDesk.  Individuals, teams and companies can begin submitting applications for improving the firm’s layer one blockchain Common Knowledge Base (CKB). “We hope applicants can help find ways to make our infrastructure more user-friendly,” Wang said. “We…

Ethereum Developer Virgil Griffith Indicted Over North Korea Event Appearance

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Ethereum developer Virgil Griffith has been indicted over allegations relating to a conference appearance in North Korea last April. In a court document filed in the Southern District of New York on Jan. 7 (see below), Griffith is charged by a grand jury with one count of conspiracy to violate the International Emergency Economic Powers Act. The defendant and others had conspired to breach the prohibitions of the act when Griffith provided services to the Democratic People’s Republic of Korea without obtaining approval from the U.S. Treasury’s Office of Foreign…

Why Hybrid Cryptocurrency Exchanges can bring in a better future?

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Till the date, there are more than 500 cryptocurrency exchanges launched across various countries. No wonder that the number would still start uprising every day. A Cryptocurrency Exchange is an online platform that allows you to exchange fiat currency for a crypto asset or one digital currency for others. However, not all cryptocurrency exchanges behave equally. There are certain differences in the working of the cryptocurrency exchanges. For now, we are primarily aware of two popular crypto trading platforms called Centralized Exchanges and Decentralized Exchanges. Popular crypto exchanges such as…

CME Set to Launch Bitcoin Futures Options on January 13

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The United States Commodity Futures Trading Commission (CFTC) has previously allowed several crypto derivatives products to enter the market. In that context, the CME Group, which offers Bitcoin futures, plans to launch options on BTC futures on January 13, 2020. While responding to the growing interest in cryptos and customer demand for tools to manage Bitcoin exposure, CME decided to launch options on BTC futures. As we highlighted earlier, the firm officially confirmed this launch last November. All About Options CME has published a course on their site to teach…

Bitcoin and Ether Market Update: January 9, 2020

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The total crypto market cap added $8.1 billion to its value since the morning of Monday, January 6, and now stands at $209.6 billion. The top ten coins are all in red for the last 24 hours with Litecoin (LTC) and EOS (EOS) being the worst performers with 5.7 and 5.4 percent of losses respectively. At the time of writing bitcoin (BTC) is trading at $7,949 on the Bitstamp daily chart, while ether (ETH) stands at $139 and Ripple’s XRP hovers around $0.206. BTC/USD Bitcoin continued with its good performance…

Bitcoin’s Bull Bias Intact Despite 6 Percent Price Pullback

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Bitcoin has pulled back from seven-week highs above $8,400, but the bullish breakout confirmed on Jan. 6 is still valid. The price drop was backed by low seller volumes and may be reversed. The bullish case would weaken if prices find acceptance under key support at $7,567. Bitcoin has pulled back from multi-week highs but is still hovering in bullish territory above key support near $7,600. The number one cryptocurrency is currently trading at $7,910 – down 6.5 percent from the seven-week high of $8,463, according to CoinDesk’s Bitcoin Price…

Bitcoin’s Bull Bias Intact Despite 6% Price Pullback

boss

Bitcoin has pulled back from seven-week highs above $8,400, but the bullish breakout confirmed on Jan. 6 is still valid. It’s been a low-volume price drop and could be reversed. The bullish case would weaken if prices find acceptance under key support at $7,567. Bitcoin has pulled back from multi-week highs, but is still hovering in bullish territory above key support near $7,600. The number one cryptocurrency is currently trading at $7,910 – down 6.5 percent from the seven-week high of $8,463, according to CoinDesk’s Bitcoin Price Index (BPI). Thepullback…