Telegram Denies All SEC Allegations and Requests Dismissal of Trial

Telegram has refuted allegations by the US Securities and Exchanges Commission in court, which claim that the planned Gram token from the messaging app is a security and, therefore, subject to regulations from the commission and has requested that the trial be dismissed because of this. Last month, the SEC successfully sought an injunction preventing Telegram from launching TON due to the fact that the ICO used to raise funds to develop the network was illegal. As a result of the injunction, investors in two separate ICOs were offered the chance to…

Bitcoin Price Bounces Off Key Moving Average as Bulls Avoid Death Cross

Bitcoin’s (BTC’s) price has been choppy since its October spike to $10,350, giving no clear indications of where its trend will head next. Overall, crypto’s pioneer asset has been fairly uneventful, with many price fakeouts.  Bitcoin’s daily candle bounced off its 50-day moving average (MA) as support on Nov. 12, although the industry’s flagship asset once again faces resistance at its 0.5 Fibonacci retracement level, which could also be considered its range equilibrium.  The asset sits strongly below the $9,000 mark at press time, at a price of $8,766.70. Crypto…

Bitstamp Crypto Exchange Expands Into Asia-Pacific Region With New Hire

Luxembourg-based cryptocurrency exchange Bitstamp has hired Andrew Leelarthaepin to lead its business development efforts in the Asia-Pacific (APAC) region. In a Nov. 13 press release, Bitstamp announced that Leelarthaepin was joining the company to further expand the exchange’s presence in Asia-Pacific “to meet the growing level of demand for the exchange’s services.”  Bitstamp’s struggle to establish a local presence in Asia Miha Grčar, global head of business development at Bitstamp, said that the crypto exchange already has “an excellent reputation” in the West, but has so far been unable to…

Uncork Capital, Coinbase VC Arm, Others Invest $4 M in Crypto Analytics Firm Messari

Uncork Capital has led a $4 million funding round that also saw funding from Coinbase Ventures for blockchain analytics firm Messari. Who’s who of new investors On Nov. 13, Messari announced that it had closed a $4 million funding round led by Uncork Capital, with participation from other top investors including Coinbase Ventures, Anthemis Group, Blockchain Capital, CoinFund, and former Coinbase CTO Balaji Srinivasan. The data analytics firm intends to invest the raised funds into further automating its data ingestion process and its redistribution capabilities for registry clients, while broadening…

Price Analysis 13/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

While Bitcoin price action remains lackluster, altcoins are attempting to make a strong upside move. Although Bitcoin (BTC) is not showing any trending move, Bakkt and the Chicago Mercantile Exchange (CME) Group continue to roll out products designed to attract the large traders. Bakkt recently announced that it will add a cash-settled futures contract to its existing Bitcoin-settled contract. On the other hand, the CME group plans to offer options on Bitcoin futures after receiving the necessary regulatory approvals.  Bitfinex cryptocurrency exchange is also planning to launch a slew of…

Tron Founder Justin Sun Admits Investment in Crypto Exchange Poloniex

Tron (TRX) founder Justin Sun admitted to being one of the investors that recently acquired cryptocurrency exchange Poloniex from financial technology firm Circle. Sun said he was one of the investors who acquired the trading platform in a livestream published by the official Poloniex Twitter profile on Nov. 12. Furthermore, he noted that the exchange operates independently from his firm, the Tron Foundation. In October, Sun refuted reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. Following the acquisition, Poloniex spun out from…

EToro’s Platform EToroX Lists Dash and Seven Stablecoins

EToroX, the digital asset platform of social trading platform eToro, announced the listing of privacy coin Dash and seven stablecoins in a press release published on Nov. 12. Per the release, eToroX users can now also trade stablecoins backed by the Turkish Lira (TRYX), Polish Zloty (PLNX), South African Rand (ZARX) and Hong Kong Dollar (HKDX) alongside U.S. dollar-backed tokens USDC and Tether (USDT).  The addition brings the number of assets tradeable on the cryptocurrency exchange up to 26. Doron Rosenblum, managing director at eToroX, commented: “We see the addition…

Venezuela President Maduro Is Not Pro-Crypto, He Just Likes Petro

Last week, the president of Venezuela, Nicolás Maduro, appeared on national television approaching a Trezor-branded stall at a local technological fair. He seemed perplexed as to what exactly a hardware cryptocurrency wallet is supposed to do. Still, Maduro, device in hand, turned to the camera and proclaimed that cryptocurrencies — his country’s own digital currency, Petro, in particular — are important for Venezuela’s economic future. Trezor officials soon clarified that they had nothing to do with the stunt, and that the company had no official resellers in the country. The…

The Digital Money Revolution | CCG

The rapid pace and sheer scale of innovation in digital currencies and mobile payments indicates that a monetary revolution is forthcoming. The choice for governments and central banks is whether to stand in front of a train that is gaining steam, or get on board and reap the benefits. How radically will digital currencies change our methods of exchange and the way that we think about money? With innovation in digital payments barreling ahead, these questions are now commanding the attention of the World Economic Forum and other international institutions.…

EOS Creator Block.One to Vote for Block Producers With 9.5% of Coins

Block.One, the firm that developed the EOSIO software, announced on Nov. 13 that it will begin participating in the election procedures for block producers (BPs) on the EOS blockchain. “Small, but significant EOS token holder” In its announcement, Block.One claims that it is a “small, but significant EOS token holder” since it holds less than 9.5% of the circulating supply. As such, Block.One holds nearly one-tenth of the voting decision power when it comes to electing BPs. The firm says that the portion of coins it holds will further decrease…