Category: Exchanges

View Bitcoin’s convincing breakout above the 200-day average overnight has opened the doors for a move to $10,000. The weekly charts are also flashing strong bullish signals. The case for a quick rise to $10,000 would weaken if prices drop below the 200-day average at 8,894 with strong volumes. Bitcoin appears set to register its best January price gain in seven years and could soon rise into five figures. The top cryptocurrency by market cap is currently trading at $9,350 – a hefty 30 percent gain from the opening price…

The OneCoin cryptocurrency project – accused by authorities of being a Ponzi scheme – attempted to boost its fortunes by using “inauthentic” accounts to place favorable reviews on TrustPilot and Quora, according to new research. The Digital Forensic Research Lab (DFRLab), an entity under U.S. think-tank the AtlanticCouncil, said in a report on its blog Wednesday that OneCoin launched the “astroturfing campaign” around the same time that its founder, Ruja Ignatova, disappeared following a number of legal cases against her and other members of the project in 2019. In March…

The OneCoin cryptocurrency project – accused by authorities of being a Ponzi scheme – may have attempted to boost its fortunes by using “inauthentic” accounts to place favorable reviews on TrustPilot and Quora, according to new research. The Digital Forensic Research Lab (DFRLab), an entity under U.S. think-tank the AtlanticCouncil, said in a report on its blog Wednesday that OneCoin “astroturfing campaign” came around the same time that its founder, Ruja Ignatova, disappeared following a number of legal cases against her and other members of the project in 2019. In…

Bitcoin (BTC) has risen above a key area of resistance to reach its highest point in nearly 3 months. On Jan. 28, at roughly 23:30 UTC the price of BTC rose from around $9,150 to $9,400 in less than 5 minutes to reach an 83-day high, CoinDesk’s BPI shows. The world’s largest cryptocurrency by market capitalization continues to rise amid the backdrop of uncertainty in the global markets with the Dow Jones Industrial Average having cemented a 1.6 percent loss on Jan. 28. The S&P 500 index also saw a…

A board member of LedgerX’s holding company has been named CEO of a firm accused of trying to take over the bitcoin derivatives exchange. Mark Wetjen, a former acting chairman of the Commodity Futures Trading Commission (CFTC), is the new CEO of Miami International Futures Exchange (MIAX) and an executive vice president of its parent firm, Miami International Holdings (MIH). According to a press release Monday, Wetjen in his EVP role will work on futures and innovative products – including crypto derivatives – and act as a regulatory liaison for…

A former senior official with the People’s Bank of China (PBoC) believes the nation should join a global conversation about regulating stablecoins, with a particular focus on the Libra stablecoin. Min Zhu, former deputy governor at the PBoC, said China should join other nations in regulating the Facebook-led Libra stablecoin, according to a report by South China Morning Post.  “I think it’s critically important to join the discussions and take part in coordinated global regulation of Libra,” Zhu said, noting there is still no specific timeline to launching the digital…

We’re over $9,000! That means a lot of good things, of course. But any price increase brings with it increased scrutiny and, yes, increased FUD. The question for this time around is whether the “fear, uncertainty and doubt” is the same old same old or something new.  In this episode, @nlw looks at three emergent (and continued) areas of FUD, including: 1) accusations the bitcoin community is rooting for calamity as the safe haven narrative takes hold; 2) an updated “crypto is for criminals” narrative with more emphasis on state-level…

Trading platform Uphold is now offering commission-free cryptocurrency trading, the company announced Tuesday.  Following in the footsteps of companies like Schwab and TD Ameritrade that have made trading free of commissions for customers in the traditional markets. Uphold CEO JP Thieriot said the move was based on Uphold’s ability to net trades at a lower cost after gaining more liquidity providers. “In the old paradigm you charged a spread and a fee,” he said. “Now, the fee part has gone away, there’s a spread on anything that’s traded. We’ve gotten…

Bitcoin rallied to near $9,150 as stocks dropped over Coronavirus fears, plus IBM’s new “Self-Aware Token” approach. Source

Mining pool Bitcoin.com will not now support the controversial bitcoin cash development fund proposal without broader agreement from the community. In a blog post published earlier on Tuesday, Bitcoin.com said it would no longer back the existing plan for a dev fund unveiled last week by the CEO of mining pool BTC.TOP, Jiang Zhuoer. “Bitcoin.com will not risk a chain split or a change to the underlying economics,” reads the Bitcoin.com blog post. “Any proposal will need to have as many people of economic weight on-board as possible, including businesses,…