Day: February 6, 2020

Former OKEx Exec to Raise $40M for Crypto Derivative Exchange

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Retail investors will soon have access to crypto trading options that are traditionally only available to institutional clients. Andy Cheung, former chief operating officer at OKEx, plans to launch a crypto derivative exchange called ACDX by the end of Q1 2020. The Seychelles-based exchange aims to offer futures, options, callable bull/bear contracts, warrant contracts and fixed coupon notes.  “One of our main goals for the exchange is to provide retail investors with … structured products that are more commonly used by accredited crypto investors and wealth managers,” Cheung told CoinDesk,…

XRP Outperformed Bitcoin in 2020, Ripple CEO Answers Mike Novogratz

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Ripple CEO Brad Gralinghouse has lashed out at Novogratz’s comment on XRP. Galinghouse said that so far in 2020, XRP has successfully managed to outperform Bitcoin. He also pointed out some of Novogratz’s failed predictions from the past. Ripple‘s XRP cryptocurrency remains in the news after it jumped 20% in the last seven days with a sudden volume surge. XRP, the world’s third-largest cryptocurrency has been the talk of the town after its poor show in 2019. While almost all other top-ten cryptocurrencies gave positive returns in 2019, XRP price…

CoinFlip Adds Support for Stellar XLM to Its 450 Crypto ATMs

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Cryptocurrency ATM startup CoinFlip now allows customers to purchase Stellar Lumens (XLM) from its network of machines, according to co-founder and CEO Daniel Polotsky. The listing increases XLM’s availability in brick-and-mortar stores, Polotsky said. CoinFlip operates about 450 ATMs in gas stations and convenience stores across the United States, allowing customers to buy a variety of cryptocurrencies with credit cards. It also runs 40 two-way ATM locations where users can sell their crypto for hard cash USD. CoinFlip ATMs already offer customers access to bitcoin (BTC), litecoin (LTC), ether (ETH),…

CoinFlip Lists Stellar’s XLM on its 450 Crypto ATMs

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Cryptocurrency ATM startup CoinFlip now allows customers to purchase Stellar Lumens (XLM) from its network of machines, according to co-founder and CEO Daniel Polotsky. The listing increases XLM’s availability in brick-and-mortar stores, Polotsky said. CoinFlip operates about 450 ATMs in gas stations and convenience stores across the United States, allowing customers to buy a variety of cryptocurrencies with credit cards. It also runs 40 two-way ATM locations where users can sell their crypto for hard cash USD. CoinFlip ATMs already offer customers access to bitcoin (BTC), litecoin (LTC), ether (ETH),…

OKEx, Binance, or BitMEX – How to Select the Proper Exchange to Trade Your Crypto Derivatives?

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Derivatives trading is a common activity in conventional financial markets and the same is true in the cryptocurrency industry, so Bitcoin and crypto derivatives are becoming a welcome new volatile asset-class that presents an alternative to traditional trading. As we witness a rising interest in cryptocurrency, we’re also witnessing an urgent demand from institutional and retail investors for solutions that help in risk management and reduction of volatility in trading cryptocurrencies and blockchain assets on exchanges. Thus, there exists a myriad of platforms or exchanges that provide derivatives trading instruments.…

OKEx, Binance, or BitMEX – How to Select the Proper Exchange to Trade Your Crypto Derivatives?

boss

Derivatives trading is a common activity in conventional financial markets and the same is true in the cryptocurrency industry, so Bitcoin and crypto derivatives are becoming a welcome new volatile asset-class that presents an alternative to traditional trading. As we witness a rising interest in cryptocurrency, we’re also witnessing an urgent demand from institutional and retail investors for solutions that help in risk management and reduction of volatility in trading cryptocurrencies and blockchain assets on exchanges. Thus, there exists a myriad of platforms or exchanges that provide derivatives trading instruments.…

Tezos (XTZ) Outperforms Bitcoin Price With 80% Monthly Gain

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Since the start of the year Bitcoin (BTC) has gained approximately 41% and on Feb. 5 the crypto asset thrilled investors as the price broke through the $9,500 resistance and rallied to set a new yearly high at $9,745.  In light of Bitcoin’s strong trend reversal from its 2019 bottom at $6,400, there is a growing number of altcoins that have far eclipsed Bitcoin’s recent gains. Take, for example, Tezos (XTZ) which to date has rallied 205% off its October 2018 low at $0.728.  Crypto market daily price chart. Source:…

Bitcoin Starts Convincing Rally To $10K After Short Term Correction: Here Are Key Hurdles

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Bitcoin price remained well bid above $9,000 and rallied to a new 2020 high against the US Dollar. BTC is now trading nicely above $9,500 and signaling a strong increase to $10,000. Bitcoin is showing positive signs above the $9,500 and $9,600 levels against the US Dollar. The price jumped to a new 2020 high at $9,764 and it is currently correcting lower. There is a major bullish trend line forming with support near $9,460 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current trend…

Ripple (XRP) Is Primed For Another Rally And Only 1 Thing Is Holding It Back

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Ripple surged higher recently above the $0.2650 and $0.2720 resistances against the US Dollar. XRP price remains well supported and it could soon rally to $0.3000 if it breaks $0.2810. Ripple price rallied to a new 2020 high at $0.2811 and it is consolidating gains against the US dollar. The price remains well supported on the downside near the $0.2730 and $0.2700 levels. There is a key contracting triangle forming with resistance near $0.2788 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely…

Unknown Number of Major League Baseball Players Lured into Crypto Ponzi Scheme

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Two men charged over an alleged crypto trading ponzi scheme lured investors, including professional baseball players, with social media posts boasting about their luxurious lifestyles. On January 30, the Secret Service arrested the Arizona-based founders of Zima Digital Assets, John Michael Caruso, aged 28, and Zachary Salter, aged 27. Caruso commonly refers to himself as “Krypto King” in social media posts and claims he’s been a cryptocurrency investor since 2012. He has a criminal history and was last released from prison in late 2017. Salter is an aspiring R&B singer…