Tag Archives: Cryptocurrency News

Bitfinex, the cryptocurrency exchange which has been enmeshed in a legal tussle for a while now, has filed an application with the US Court in the Central District of Southern California, through its parent company, iFinex Inc. Filed on the 18th of October 2019, Bitfinex wants the Court, through a subpoena, to help recover more than $850 million that has been unreachable by the exchange because of supposed problems being faced by the company’s payment processor Global Trade Solutions AG,...

Layer1, San Francisco-based startup involved in Bitcoin mining, has raised $50 million in an effort to live up its plan to establish farms for mining. The money has been received from such a row of prominent investors including Peter Thiel, an American billionaire and co-founder of PayPal, Palantir Technologies and Founders Fund, and Shasta Ventures, an early-stage venture capital investment firm that invests in enterprise and technology consumer startups.According to Alexander Liegl, CEO of...

Many have been bearish on bitcoin after the dominant cryptocurrency breached support of $9,000 in September. The month-long consolidation around $8,000 is not helping either. It is only giving bitcoin haters more reason to scream their bearish outlook. Peter Schiff forecasting bitcoin to plummet to $2,000. | Source: TwitterBitcoin’s technicals may not be pretty but global macro factors favor the king of cryptocurrencies. That’s according to trader and game liquidity theorist Majin. The...

Photo: CoinsbitCoinsbit is an Estonia-based crypto exchange launched in 2018 and licensed for trading activities in the EU. The exchange has roughly 43 trading pairs of cryptocurrencies. The most recognized pays include BNB/ETH, BNB/USD, BNB/BTC, ETC/BTC, LTC/ETH, LTC/USD, ETH/BTC, ETH/USD, and BTC/USD.In a bid to remain relevant in the competitive crypto market, the company is introducing several essential services that will assist in differentiating the exchange from the stiff competition....

Messaging platform Kik announced on Friday it was acquired by MediaLab, a holding company that has Whisper and a number of other apps under its wing.The mother company of Kik, Kik Interactive already said, and we reported that it would be closing its app down in October. However, last week, its CEO Ted Livingston said that a company had signed a letter of intent to purchase the app. Both companies kept their mouths shut when it comes to details of the sale.The blog post says:“We believe that...

Photo: Fidelity Digital Assets / TwitterAs promised, Bitcoin custodian Fidelity Digital Asset Services (FDAS) is “now engaged in a full rollout” of its custody and trading services, spreading from the limited trial users in the platform’s final test stage.Financial Times reported that by building up its crypto custody business, the focus of the company is to profit from the shortage of classically and traditionally regulated institutions as are banks and other more conservative...

French Finance Minister Bruno Le Maire said on Friday that Paris, Rome, and Berlin will join together in the effort of blocking Facebook’s new digital currency Libra in Europe.This is not the first time Le Maire is showing his hate towards cryptocurrencies. Last month, when he spoke about Libra, he said that this kind of technology, developed by the social media giant “causes serious concerns and therefore its operation cannot be authorized for use on European soil.”He added that the Libra...

The developers of the Burj Khalifa, the famous Dubai monument, also known as the tallest building in the world, Emaar Properties is at it again, and this time, they are going the crypto way. Through an action which can be termed generous, the Dubai Mall developer is working on a reward token for its loyal customers, and it is named the EMR token.The EMR token which is designed to work on Quorum, a blockchain platform owned by JPMorgan, will find usage in all Emaar’s holdings like malls,...

Photo: ShutterstockThe role of a digital asset trading platform has advanced well beyond a forum to arrange trades between buyers and sellers.This expanded role carries with it an evolving set of expectations from speculative traders and investors. It becomes imperative for them to understand the multi-faceted role of a trading platform, and different aspects of cooperation between digital asset projects, the platform, and supporting agencies referred to as Liquidity Specialists or...

The cryptocurrency-browser privacy-focused web browser Brave has recently attained a new milestone reaching 8 million monthly active users. Brave, with its powerful vision, aims to revolutionize the online browsing and advertising experience for its users.Now 8 million monthly active users for Brave, & nearly 400 privacy-preserving ad campaigns (with a stellar 14% click-through rate, compared to 2% industry average)! Thank you to all our users and partners as we expand our platform for a...