Day: September 7, 2020

‘Bitcoin Should Be Traded Like Stock,’ Says Begin India Think Tank Founder

boss

The founder of Begin India Think Tank says that bitcoin should be regulated as stock, which he believes is the legal status the cryptocurrency should get in India. He also believes that Bitcoin may be the most secure technology in our lifetimes. How Bitcoin Should Be Regulated in India Begin India Think Tank founder Deepak Kapoor has shared his view on how bitcoin and other cryptocurrencies should be regulated in India in an interview published by local business magazine BW Businessworld on Sunday. Begin India Think Tank assists the Indian…

China’s Chipmaker Stock SMIC Plunges After U.S. Hints of Blacklisting It

boss

The U.S. Department of Defense said that there were reports of SMIC’s alleged involvement with the Chinese military and further passing on their chip technology for China’s defense purposes. The United States continues to tighten its grip over Chinese tech companies. After issuing a ban on TikTok, the U.S. is looking ahead to put export restrictions to China’s biggest contract chipmaker – Semiconductor Manufacturing International Corporation (SMIC). On Monday, the SMIC stock price crashed 23% on news of a possible U.S. ban. The SMIC shares were trading at 18 HK…

Binance Card still on its way to Russia despite local crypto payments ban

boss

International cryptocurrency giant Binance is not going to give up launching the Binance Card in Russia despite the upcoming ban on crypto payments. Binance, the world’s largest crypto exchange by daily trading volume, is working on the rollout of its crypto debit card in Russia, a senior executive told Cointelegraph on Sept. 7. Gleb Kostarev, Binance’s head of operations for Russia and the CIS, says that the plan to introduce Binance Card in Russia comes in line with Binance’s mission to provide all users with the “same experience that is…

Peter Schiff Admits That He Was Wrong in Criticizing Bitcoin

boss

The popular Bitcoin critic Peter Schiff noted that Bitcoin successfully managed to past the resistance and rally up to $12K. However, he said that Bitcoin’s correction to $10K is its entry to the bear market. Gold supporter and Bitcoin critic Peter Schiff has admitted that he was wrong about Bitcoin previously. Schiff goes to acknowledge that Bitcoin performed opposite to his expectations and didn’t collapse as the gold price surged to an all-time high. On Sunday, September 6, Schiff engaged in some conversation on Twitter with Gemini co-founder Tyler Winklevoss.…

David Trainer, Warns Wall Street on Possible Tesla Stock Devaluation

boss

“We think this is a big, big – one of the biggest of all time – houses of cards that’s getting ready to fold,” Trainer explained while pointing out the recent Tesla Inc (NASDAQ: TSLA) fundamentals. A new phase for Tesla Inc (NASDAQ: TSLA) is slowly emerging, perhaps away from the prior speculation to fuel its stock valuation. After resetting its outstanding shares by splitting them five times, the company is pushing towards its mission and venture different global markets. With the team and a significant number of investors optimistic…

Leading Crypto Exchange PCEX Member Brings Welcome Offer for Indian Users

boss

New Delhi, India: India’s most trusted and secure cryptocurrency exchange PCEX Member comes with an exclusive welcome offer for traders or investors in India. The Welcome Offer program will enable traders or investors in India to earn C2USD worth Rs.100 by doing signup. To avail the offer, the user has to create an account on PCEX Member (https://www.pcexmember.in/register) and activate their account by completing the KYC process. After the completion of the KYC process, C2USD worth Rs.100 gets rewarded in the wallet in less than a minute.  It’s a great…

OKEx Officially Ranked the World’s Largest Crypto Derivatives Exchange

boss

The global crypto spot and derivatives exchange platform OKEx has a reason to rejoice as it is officially declared the world’s largest crypto derivatives exchange. The new milestone is an outcome of the analysis conducted by CoinDesk Research, which evaluated data from CoinGecko that puts the value of outstanding contracts on OKEx at $1.6 billion at the end of last month. Following the announcement, OKEx CEO Jay Hao said, “We are delighted that our efforts in continuously improving the trading experience and flexibility of products we offer are paying off.…

Ziglu launches peer-to-peer payments after getting UK e-money licence

boss

United Kingdom challenger bank Ziglu announced the launch of its peer-to-peer (P2P) payments service for both fiat and cryptocurrency on Sept. 7. This follows hot on the heels of receiving both the U.K. Financial Conduct Authority’s (FCA) Electronic Money Institution licence, and the Fifth Money Laundering Directive (5MLD) licence last week. Ziglu launched in June, with a vision to offer simple and secure access to any currency. The platform is undergoing continuous development and many more features are scheduled for the future. Cointelegraph spoke to Ziglu founder and CEO Mark…

Chainlink (LINK) Rallies 20%, But Price Runs Into Crucial Resistance

boss

Chainlink (LINK) is up around 20% from the $9.20 swing low against the US Dollar. It broke the $12.00 resistance, but now facing a major resistance near the $13.50 level. Chainlink token price started a strong recovery wave from the $9.21 monthly low against the US dollar. It gained pace above the $12.00 resistance, but is still below the 100 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $13.00 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The pair…

Number of Ether whales increases during 30% price drop

boss

During a 30% price drop at the beginning of September, at least 68 Ethereum whales joined the network, potentially adding millions in holdings.  According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 1,000-10,000 Ether (ETH) — roughly $350,000-3.5 million as of this writing — increased by 68 in the three days since Aug. 31. The drop comes while the token fell 30.2% from $367 on Aug. 31 to a monthly low of $326 on Sept. 5. ‘@santimentfeed‘s holder distribution chart…