Japanese Regulator Officially Proposes Cutting Crypto Margin Trading Leverage Cap

The Japanese Financial Services Agency (FSA) — the country’s financial regulator — proposed lowering the leverage rate limit of cryptocurrency margin trading from 4x to 2x. The FSA announced the proposed measure on Jan. 14 in a cabinet office ordinance — an official order that is issued along with a new law. If enacted, the proposal would be a first for the Japanese government in regulating the rate of crypto margin trading. According to Nikkei, there were previously no rules set by the state. The FSA reportedly plans to put…

Bitcoin Price Moves above $8,500 as Traders Anticipate Significant Growth

At the hour of composing, Bitcoin is trending up 4.5 percent at its present price level of $8,520, which marks a notable increase from recent lows of just over $8,000, which were set last week when the bears attempted to wreck the recent upside. The price of Bitcoin is currently consolidating above the resistance level and the most significant volume node in the visible profile of the visible range, or VPVR. On the off-chance that Bitcoin can complete bullish consolidation above $8,000, then a balanced upward movement may lead to…

Payments Giant Visa Acquires Fintech Firm Plaid for $5.3 Billion

Payments behemoth Visa acquired financial technology firm Plaid for $5.3 billion, according to a press release published on Jan. 13. Per the release, Plaid has developed a network that allows users to easily connect their financial accounts to the apps they use to manage their financial lives. The firm’s products reportedly allow for convenient sharing of financial information with thousands of apps and services by allowing users to link various accounts.  The announcement states that 75% of the world’s internet-enabled consumers used a fintech application for moving funds. As such,…

Ethereum Gearing For Another Lift-Off To $160: Uptrend Isn’t Over Yet

Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. ETH is likely to surge above the $148 and $150 resistance levels, while bitcoin already broke the key $8,400 resistance. Ether price is showing a lot of positive signs above the $142 and $145 levels against the US Dollar. It is currently trading near the key $148 and $150 resistance levels. There was a break above a major triangle resistance near $146 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct a…

Narrative Watch: The Hunt for Crypto’s Killer App

Starting today, accredited investors will be able to partake of $13.5 million in tokenized bonds connected to the contract of Brooklyn Nets Point Guard Spencer Dinwiddie. The first-of-its-kind offering took months of negotiation with the NBA but marks a seminal moment for both crypto and the larger idea of “income share agreements.”  In this podcast, we discuss how big a deal Dinwiddie’s offering is and whether income share agreements could be a breakout use case for crypto. We also discuss other contenders for “crypto killer app,” including under-collateralized DeFi loans…

Why Bitcoin Adoption May Spike if Australia’s Proposed “Cash Ban” Activates

People could be jailed for two years and fined $25,200 just for using more than $10,000 in cash in one transaction under a new bill being considered by the Australian Parliament; if passed, the bill is likely to drive citizens away from traditional financial institutions and towards decentralized cryptocurrencies like Bitcoin. “Cash Bans” Strengthen Bank’s Grip The Reserve Bank has said the motive for the Federal Government’s $10,000 cash limit bill is to fight the “black economy,” not to get rid of cash. This claim is facing a lot of…

This Blue Chip Crypto Insurance Consortium Lacks One Thing – a Sizable Loss

In a rare interview, London-based insurance firm Arch says a sizable but containable loss would demonstrate how well its $150M crypto storage policy would react. Only a handful of cold storage crypto policies have been written at this time; high net worth individuals are the main driver for the business. Lloyd’s of London has set up a crypto subgroup within its Product Innovation Facility which includes mega-broker Marsh. Marsh says it has a hot wallet crime cover product in the pipeline. An insurance company saying it hopes to pay a…

Mobile Phone Retailer Joins China’s Blockchain Land Grab With US Startup Investment

Dixintong Technology Group, whose parent company, D.Phone, is one of the largest smartphone retailers in China, has entered the blockchain space by acquiring a minority stake in a U.S. startup called Monsoon Blockchain. The two companies confirmed to CoinDesk that the purchasing agreement was signed on Jan. 7, but declined to disclose any financial terms on the deal. However, people familiar with the matter said the deal values the blockchain startup at over $100 million. The partnership between the two companies comes at a time when China is encouraging enterprise…

Crypto Investor Declares Alt Season as Litecoin, Ethereum and EOS Come Alive

A popular host and crypto investor has made a bullish statement on altcoins. Ran NeuNer’s tweet was met with heavy criticism. Nevertheless, it is difficult to deny that large market cap coins are showing signs of strength. It’s not a secret that most alternative coins or altcoins are dependent on bitcoin. Wherever BTC goes, almost every other crypto token follows. That’s especially true for large market cap coins such as Ethereum, Litecoin and EOS. A score of one indicates perfect correlation. | Source: CoinMetrics Bitcoin’s recent resurgence is helping drag…

CME Group Launching Bitcoin Options amid High Anticipation in Market

It seems that traditional institutions are finally realizing that no-can-do without cryptocurrencies anymore. If we look at the market movements, there is huge impatience for the launch of CME Group Inc. options that should happen today. It is interesting because it is not the first of a kind. Bakkt that is under New York Stock Exchange parent Intercontinental Exchange Inc. began with the work in December last year. Moreover, as we have recently reported, yesterday FTX crypto derivatives exchange platform announced the launch of Bitcoin options trading. However, as said…