Tag: Trading

OKEx Notes Early Delivery of BCH Futures After Trading Stop to Avoid Market Manipulation

boss

The world’s current biggest crypto exchange OKEx has announced early delivery of Bitcoin Cash (BCH) futures contracts immediately after trading stop time today, Nov. 14, according a press release shared with Cointelegraph. As per the announcement, all Bitcoin Cash futures contracts have been set to stop trading at 9:05AM CET and delivered subsequently at 10:00AM CET due to the upcoming hard fork of Bitcoin Cash, Bitcoin ABC, scheduled for tomorrow, Nov. 15. According to Twitter, OKEx has released a notice on early delivery of Bitcoin Cash futures eight hours ago…

Crypto Exchange Coincheck Resumes NEM Trading Almost 10 Months After Major Hack

boss

Recently re-opened Japanese crypto exchange Coincheck has announced it has resumed NEM (XEM) crypto token trading after a restructuring of its platform by external “security experts,” South Korean news outlet FNNews reports Nov. 13. In January of this year, Coincheck suffered an industry record-breaking hack when $534 million worth of NEM was stolen from its wallets. This latest development from Coincheck reveals the exchange has “joined the Japan Security Association and is “ready to renovate its image.” Alongside NEM trades, the platform has also opened support for Ethereum (ETH) and…

Namibian Bitcoin Trading Platform BTN Trudges on Despite Partial Crypto Ban

boss

Bitcoin Trade Namibia (BTN), an emerging bitcoin marketplace, is trying to make things work for Namibians keen on investing in digital assets, even though it could take up to three days before buy orders are settled. However, in an industry where government forces crave control, the delay looks like it should be worth the wait. Also Read: Iran Completes Development of Rial-Supported National Cryptocurrency Namibia’s Investor-Centric Marketplace BTN has adopted the know-your-customer and anti-money laundering requirements of the Bank of Namibia (BoN), the  country’s central bank, giving it a chance of…

NEM price gains 17% as Coincheck resumes trading of the token

boss

NEM price has gained 17 percent in the past 24 hours making it the best performing cryptocurrency in the top 20 by market cap. This development has seen the crypto-coin achieve its highest price in over nine weeks according to data from coinmarketcap.com. NEM price increase comes after Coincheck re-enables trading of the token The price gain has also coincided with a more than two months and one-week high 24-hour trading volume that occurred on the same day. The 17th crypto coin by market capitalization rose to $0.114 at 09:14…

Major Oil Firms, Banks Partner to Launch Blockchain Platform for Energy Commodity Trading

boss

Major oil companies BP, Shell, and Equinor have united with large banks and trading houses to launch a blockchain-driven platform Vakt for energy commodity trading. The partnership was reported by independent news agency covering energy and commodities markets S&P Global Platts Monday, Nov. 12. Apart from the three oil companies mentioned above, Vakt includes banks ABN Amro, ING, and Societe Generale, along with trading houses Gunvor, Koch Supply & Trading, and Mercuria. The blockchain solution, first announced in November 2017, will enable major industry players to move from “cumbersome” paperwork…

Early Trading Shows Clear Preference In Divide Over Bitcoin Cash Fork

boss

An experimental market on a major crypto exchange suggests that bitcoin cash users may favor the more established version of the software, Bitcoin ABC, ahead of an expected fork this month. Due to the technical design of the cryptocurrency, currently the fourth-largest by market capitalization, bitcoin cash users must “hard fork” the blockchain, or adopt a new software version with changes as decided by open-source developers, every six months. Things are different this time around, though, amid the emergence of a rival version of the software called Bitcoin SV. As…

Bitcoin Cash (BCH) Fork: Poloniex Announces Pre-fork Trading Support

boss

Popular cryptocurrency exchange Poloniex announced on November 7, 2018, the trading support for two competing cryptocurrency tokens, Bitcoin Cash ABC and Bitcoin Cash SV. The scheduled Bitcoin Cash hard-fork goes live on November 15, 2018. Poloniex Takes a Neutral Stand The upcoming Bitcoin Cash (BCH) fork is due on November 15, 2018, and there are two competing development teams proposing two different consensus protocols to become the next implemented fork. In the scenario, Poloniex opted for a neutral position and announced that it was opening trading for both tokens before the fork…

Bitstamp Rolls Out A Partnership Deal With Cinnober To Enhance Its Crypto Trading

boss

Bitstamp has taken a different path to ensure it remains relevant in the cryptocurrency marketplace. The European cryptocurrency exchange operator has inked a partnership deal with Cinnober in its endeavor to enhance its in-house developed matching engine. The technology solutions provider for the finance industry will bring on board its TRADExpress Trading System. The adoption of customized software by Bitstamp is a big milestone according to its CEO Nejc Kodrič. He says, “Our matching engine will be on par with traditional exchanges in both speed and throughput, once again placing…

Bitcoin Price Watch: BTC/USD Trading Near Major Inflection Point

boss

Key Points Bitcoin price declined further and traded below the $6,440 support against the US Dollar. Yesterday’s highlighted key bullish trend line with support at $6,445 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken). The price tested the next important support at $6,375 and later started consolidating losses. Bitcoin price failed to stay above the $6,440 support against the US Dollar. BTC/USD is currently consolidating above the $6,375 support with bearish moves. Bitcoin Price Analysis Recently, bitcoin price started a downside correction and traded…

Poloniex Eliminates USDC Trading Fees to Boost Volume

boss

Twitter Facebook LinkedIn In case you missed it, Poloniex, one of the major altcoin exchanges, was acquired by Circle in February. Previously, Circle was focused primarily on the major coins versus fiat pairings, but since its acquisition of Poloniex it has had the opportunity to dive into more tokens, and in September it launched its own stablecoin to compete with tether (USDT) and the Gemini Dollar (GUSD), which was launched around the same time. The purpose of “stablecoins” is to help traders denominate their cryptos without creating a crypto-to-fiat event…