Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Technical analysis of the BTC/USDA massive attack may kill the BTCBitwise is counting on a positive decision of the SEC on the Bitcoin ETFOn W1, the Bitcoin keeps declining inside a correctional channel. The quotations are currently returning to 50.0% Fibo. A breakaway of the resistance level at $9850.00 may signal the end of the correction and the beginning of a new impulse of growth to the maximum of $13857.20, upon...
Read More »Bitstamp Joins Forces with BitGo for Custodial Services for Customer Assets
Bitstamp ranks among the biggest crypto exchanges in Europe. On October 9, the exchange announced that it is enhancing its relationship with digital financial services provider BitGo. The digital asset financial services firm will offer secure storage for cryptocurrency assets under management at the exchange.BitGo is now tapped to offer custodial services to the biggest exchange in Europe by trading volume. Starting on October 10, Bitstamp will give BitGo custody of its clients’ digital...
Read More »Binance Will Support WeChat And Alipay For Bitcoin Purchases
Photo: CoinspeakerRecently, Binance has announced that they will add two more fiat-to-crypto gateways, hence WeChat and Alipay. With this move, citizens of China now will be able to purchase Bitcoin, with these two payment options. Changpeng Zhao, the CEO of Binance, confirmed this news on his Twitter account:YES https://t.co/dnHKQSLvS4— CZ Binance (@cz_binance) October 9, 2019Currently, this initiative is only in the testing phase for Android users, but will eventually come out on iOS as...
Read More »Cryptocurrency Donations Without Limit to Politicians are Now Legal in Japan
In a surprise move that will spur further adoption of cryptocurrencies in Asia and globally, the Japanese can now donate unlimited amounts of cryptocurrencies to politicians and need not disclose this to the authorities. This was made known by Sanae Takaichi in a press conference two days ago. Sources indicate that she said that cryptocurrency donations don’t fall under the purview of the Political Funds Control Law and as such don’t need to be disclosed and can be donated without limit to...
Read More »Binance Unveils P2P Trading Facility for Chinese Yuan
Photo: Binance BlogCrypto exchange Binance is on an aggressive development spree this year. On Wednesday, October 9, Binance has launched its new P2P trading facility for trading cryptocurrencies against the Chinese Yuan. Currently, this facility is only available for Android users. However, it has promised to roll-out this facility on iOS and web interface as well. In its announcement, the crypto exchange said:“Binance has launched P2P trading functionality with BTC, ETH and USDT available...
Read More »UNICEF Created Its Crypto Fund, Accepting Donations in Bitcoin and Ethereum
UNICEF, the United Nations Children’s Fund, announced they are launching a crypto fund to, as per the announcement “receive, hold and distribute donations of Bitcoin and Ethereum in its aim to back open-source technology for children around the world.”On Wednesday, UNICEF said that the Cryptocurrency Fund will be among the first of United Nations organizations that will be given benefactions as are cryptocurrencies and it will allocate in the same digital currency form.The United Nations...
Read More »We’re Close to Bitcoin ETF Approval, Says Optimistic Bitwise Executive
The United States Securities and Exchange Commission (SEC) has been in an unofficial fight with the cryptocurrency sector in general. The Commission is generally regarded as unsupportive of the sector especially with its repeated disapproval and postponement of its decision to allow Bitcoin Exchange Traded Funds (Bitcoin ETF). However, an executive from Bitwise Asset Management seems to believe strongly that the upcoming SEC ruling will come in the company’s favor.Speaking to CNBC on its ETF...
Read More »QuadrigaCX Founder’s Widow Will Surrender Over $9 Million in Assets to Repay Users
Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, has confirmed that she will hand over more than $9 million (12 million CAD) in assets. She has made this move to compensate the users of the now-defunct crypto exchange. The assets will be transferred to EY Canada, the bankruptcy trustee for the defunct exchange.On October 7, Robertson announced in a personal statement explaining that she will transfer the vast majority of her estate assets. These assets were previously valued...
Read More »NBA’s Sacramento Kings Launches Industry’s First Token to Reward Loyal Fans
The NBA’s Sacramento Kings has announced that they will roll out their new ‘Kings Token’ for fan rewards. That makes them the first NBA team to create a reward program based on blockchain.Announced on October 7, Kings Token was created in partnership with Blockparty. Blockparty is a blockchain platform that manages live event ticketing, tokenized gamification and fan engagement. Blockparty’s chief development officer, Vladislav Ginzburg, explained:“In our opinion, the blockchain has a role in...
Read More »ICE, NASDAQ, CME Urge FCA Not to Restrict Crypto Derivatives for Retail Investors
The World Federation of Exchange (WFE), which is made up of the globe’s giant stock exchanges such as Deutsche Boerse, the London Stock Exchange, Korea Exchange, CME Group, and Nasdaq, has requested the Financial Conduct Authority (FCA) of the United Kingdom not to illegalize crypto derivatives for retail users.The WFE made the official announcement in reply to the financial regulator’s consultation document on potentially restricting crypto derivatives like Bitcoin futures as well as...
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