Day: December 22, 2020

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, TEZOS News

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, TEZOS News Bitcoin Picks Up $ 16,500 As All-Time High Comes Into The Game Bitcoin’s rise shows no signs of slowing down. Bitcoin hit its highest price since January 2018 during the Asian trading session on November 13 in the morning, peaking at $ 16,490, according to Tradingview.com. The massive move was based on the momentum of November adding another 5% to the king of crypto in the last 24 hours. BTC is up 7%…

Coinbase Pre-IPO Tokens Listed on FTX Exchange More Than Double on Their Debut

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Coinbase IPO success will be a huge success to the entire crypto industry, as other crypto firms are expected to follow suit. The crypto exchange FTX launched Coinbase pre-IPO tokens that have since that time more than doubled in market price. Following last week’s Coinbase IPO announcement, investors are highly speculating on the expected opening prices. The Coinbase pre-IPO tokens were launched at a market price of around $121, only to pump to trade around $296 in the first hour. However, they had averaged at around $242 at the time…

UK FCA gives crypto startups a hindering hand

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Late last week, the United Kingdom’s Financial Conduct Authority issued temporary licenses to applicant companies looking to become licensed crypto-asset firms. However, with the publication of this list of temporarily authorized firms has come a large amount of confusion for those that applied or were thinking of applying. The deadline for companies to have acquired this license is Jan. 10, 2021. Under the current rules, companies that have a nexus within the U.K. and have failed to obtain the license before this date will no longer be able to deal…

MGI Stock Slightly Down, MoneyGram May Have Tepid Future Based on Its Market Performance

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Menwhile, MoneyGram is facing several lawsuits in the United States that may damage its future growth prospects. The stock of global payment services company MoneyGram International Inc (NASDAQ: MGI) continued with the upward trend during Tuesday’s pre-market after opening on a positive note on Monday. MoneyGram stock was trading at around $7.11, up 1.57%, during Tuesday’s pre-market. Notably, they closed yesterday trading at $7. However, as the market opened the stock went down. At the time of writing, the stock is 1.14% down, trading at $6.92. Meanwhile, not all investors…

Don’t expect Coin Center to stick up for XRP in the face of the SEC

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In its coming fight against the Securities and Exchange Commission, Ripple won’t see support from some of the mainstays of the crypto lobby. Jerry Brito, the executive director of Coin Center, made it clear on Tuesday that his organization won’t put up any resistance to the notion that XRP is a security. In response to a question about Coin Center’s work to keep XRP from the SEC’s purview, Brito posted two articles where Coin Center argues why Bitcoin and Ethereum aren’t securities before pointing to the absence of such a…

TradingView GM explains rationale for continued Bitcoin bullishness

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Following record price highs of more than $24,000 per coin, Bitcoin (BTC) has consolidated, retracing slightly in price. The asset might have stalled for now, but the future remains bullish according to TradingView general manager, Pierce Crosby.  “Right now, I see very near-term headwinds for Bitcoin,” Crosby said, adding: “The performance recently may seem parabolic, but there are no near-term negative events we expect. This makes for a bullish base case on price.” Bitcoin cracked its 2017 all-time price high of $19,892 on Dec. 1, 2020 before subsequently retracing more than…

SEC scuppers ShipChain’s $27M ICO and fines the firm its last $2M

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The Securities and Exchange Commission sinks the firm behind another initial coin offering. Per a Dec. 21 cease and desist order, the SEC has determined that ShipChain’s ICO for its SHIP Tokens was another example of an unregistered securities offering in disguise. Registered ShipChain raised $27.6 million from the end of 2017 through the beginning of 2018, at the high tide of the ICO craze. Registering in Delaware at the end of November 2017, the firm promised to enhance transportation and shipping transparency with its undeveloped blockchain platform. Unfortunately for…

JPMorgan Warns of Bitcoin Correction, Describing BTC as Overbought

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JPMorgan’s analysts have warned about the odds of a bitcoin correction which would increase if the flows into Grayscale’s bitcoin trust slow significantly. The analysts indicated that bitcoin is “overbought.” JPMorgan Reveals Bitcoin’s Outlook The analysts at JPMorgan Chase & Co. gave their bitcoin prediction in a note on Friday. They explained that flows into Grayscale’s bitcoin trust are key to the outlook of the cryptocurrency, Bloomberg reported Monday. According to the publication, the analysts believe: The odds of a bitcoin correction would increase if the flows into the world’s…

Kraken nabs Bitstamp executive for key business development role

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Kraken, a San Francisco-based digital currency exchange, has added a proven crypto industry leader to its executive team, underscoring the firm’s continued expansion this year.  In an official blog post, Kraken announced Tuesday that Miha Grčar has joined the firm as head of business development. The post reads: “For the better part of the last decade, Miha has helped Bitstamp gain recognition as a licensed financial institution in Europe, experience that will prove integral as he helps Kraken build critical banking relationships and forge new partnerships with essential stakeholders.” Before…