Bitcoin ETF Application Based on 5% of Reported Trading

Bitwise Asset Management, a San Francisco crypto investment firm, has applied to the SEC for a Bitcoin ETF. In preparation for their application, they conducted a study of 80 exchanges, mostly unregulated. Their findings are worse than most: they found that almost 95% of all unregulated exchanges report fake volume. As such, their ETF will be based only on the 5% that is legitimate. Bitwise’s findings are worse than most reports to date. Earlier this week, we reported on findings by the TIE, which found that around 75% of all…

Overstock’s tZERO Exchange to Launch Bitcoin Trading App This June

Overstock’s security token platform tZERO is going full crypto. Until now, security tokens had been the startup’s priority, but this summer, tZERO plans to launch its own mobile trading app for buying and selling bitcoin and, possibly, ether, CEO Saum Noursalehi told CoinDesk Thursday. The app for IOS and Android devices is scheduled to launch in June and is being developed by Bitsy — a crypto startup in the portfolio of Overstock’s venture arm Medici Ventures. “That’s part of the reason we acquired Bitsy — to accelerate time to market…

Overstock’s tZERO Exchange to Launch Bitcoin Trading App This June

Overstock’s security token platform tZERO is going full crypto. Until now, security tokens had been the startup’s priority, but this summer, tZERO plans to launch its own mobile trading app for buying and selling bitcoin and, possibly, ether, CEO Saum Noursalehi told CoinDesk Thursday. The app for IOS and Android devices is scheduled to launch in June and is being developed by Bitsy — a crypto startup in the portfolio of Overstock’s venture arm Medici Ventures. “That’s part of the reason we acquired Bitsy — to accelerate time to market…

Binance API Seemingly Reveals Ongoing Margin Trading Implementation

Changes made to the public Application Programming Interface (API) of major cryptocurrency exchange Binance seemingly reveal that the company is working on implementing margin trading. A Reddit user brought the API changes to public attention on March 20 after they were updated last week, noting that the Binance public API response differs from what it should be according to the official documentation released by the company on GitHub. More precisely, the API now includes two additional boolean — which means that their value can be only true or false —…

Crypto Exchange Aggregator Caspian to Offer Crypto Options and Futures Trading

Institutional crypto trading, portfolio and risk management platform Caspian announced that it has integrated its platform with cryptocurrency futures and options trading exchange Deribit. The news was revealed in a press release from Caspian published on March 20. Per the announcement, Deribit has been added to Caspian’s ecosystem of over 30 cryptocurrency exchanges and liquidity providers. The company also claims that the move renders it the first institutional platform to offer both options and futures trading in the crypto asset class. The post also notes that Caspian’s platform includes an…

Cryptopia Exchange Resumes Crypto Trading Amid Banking Issues

Cryptopia, the cryptocurrency exchange hit by a major hack in mid-January, has just announced that it’s restarted trading services. The New Zealand-based exchange posted a notice on Twitter Wednesday, saying: “We have resumed trading on 40 trade pairs that we have quantified as secure. We will continue to expand this list as we clear more coins.” The company is providing a full list of the available pairs on its support pages. On Jan. 16, Cryptopia went offline stating that it “suffered a security breach which resulted in significant losses.” Since then,…

Following BitMEX’s Footsteps? Programmer Reveals Margin Trading Code In Binance’s Bitcoin Pairs

While cryptocurrencies have fallen dramatically over the course of yesteryear, volatility has plummeted. Per data gathered by BitVol, an analytics provider, the Bitcoin-to-USD 30-day volatility has fallen from 7.5% at BTC’s $20,000 peak to 2.6% today. It’s a similar sight for Litecoin, Ethereum, and an array of other liquid crypto markets. Thus, many traders looking to turn a quick buck have turned to margin trading, as they intend to emulate the risk-return potential they took on in late-2017. BitMEX’s Stellar Year This shift in trading habitudes, which has led many…

Following BitMEX’s Footsteps? Programmer Reveals Margin Trading Code In Binance’s Bitcoin Pairs

While cryptocurrencies have fallen dramatically over the course of yesteryear, volatility has plummeted. Per data gathered by BitVol, an analytics provider, the Bitcoin-to-USD 30-day volatility has fallen from 7.5% at BTC’s $20,000 peak to 2.6% today. It’s a similar sight for Litecoin, Ethereum, and an array of other liquid crypto markets. Thus, many traders looking to turn a quick buck have turned to margin trading, as they intend to emulate the risk-return potential they took on in late-2017. BitMEX’s Stellar Year This shift in trading habitudes, which has led many…

Cryptopia Resumes Trading with 15% Bitcoin Haircut, Months after $16 Million Hack

Cryptocurrency exchange Cryptopia resumed trading on 40 trade pairs three months after it endured a multi-million dollars theft. The New Zealand firm took to its Twitter profile to update that it was beginning to list pairs that it “quantified as secure.” The exchange further confirmed that it would periodically place more coins after assessing each one of them for potential misuse. As of now, cryptos like bitcoin, doge, and litecoin, are amongst the maximally listed, according to details available at Cryptopia’s official website. Update: We have resumed trading on 40 trade pairs…

Ethereum Price Analysis: ETH Trading Near Crucial Juncture

ETH price continues to face a strong resistance near the $138 and $140 levels against the US Dollar. The price failed to gain strength above the $139 level and remained below the $140 pivot. Yesterday’s key bearish trend line is intact with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a sharp decline towards the $133 support before it could bounce back. Ethereum price is trading below important resistances against the US Dollar and bitcoin. ETH must break…