Tag Archives: News

Its a big win for cryptocurrency exchange Bitfinex on the long going Tether stablecoin case as the Appellate Division of the New York Supreme Court puts a stay on the filing by attorney general Letitia James in April 2019. Bitfinex currently shares leadership with stablecoin coin issuer Tether.James earlier accused Bitfinex of taking undue advantage of the partnership and borrowing $900 million USDT tokens without actually paying for it. In her complain, James wrote:“Our investigation has...

The U.S. Securities and Exchange Commission (SEC) again delayed its decision about Bitcoin exchange-traded fund (ETF) proposed by New York-based investment-management firm Wilshire Phoenix.As per the public filing, SEC needs to assess the proposed rule change to allow NYSE Arca in order to deal with shares of Wilshire Phoenix’s Bitcoin and Treasury Investment Trust. Arca first started seeking regulatory approval from the SEC for a different type of stablecoin. Dubbed as the Arca UST Coins –...

About a week ago on Thursday the 19th of September, the Committee on Financial Services scheduled Tuesday 24th, as the day for a Congress crypto hearing. Tagged “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat”, the hearing was arranged to discuss several crypto-related issues including the SEC’s regulation of the sector, Exchange-Traded Funds (ETFs), Facebook’s Libra, and also a possible categorization of digital assets as official securities.The hearing...

Crypto payments seem to have achieved mainstream use: in France, 30 famous brands are going to launch support for Bitcoin payments. By early 2020, over 25,000 sales points will allow their customers to make purchases in Bitcoin. Among the retailers that will support the initiative are sportswear giant Decathlon, sneakers emporium Foot Locker, cosmetics store Sephora, furnishings retail chain Conforama, design company Moustache and more.The news has been announced during Paris Retail Week on...

ADA price topped near the $0.0500 level and declined sharply below $0.0450 against the US Dollar.The price is down more than 20% from the last swing high and it is currently near $0.0385.There was a break below a contracting triangle with support near $0.0478 on the 4-hours chart (data feed via Kraken).The price is currently consolidating losses and likely to face resistance near $0.0400 and $0.0425.Cardano price declined heavily in the past few sessions against the US Dollar and bitcoin. ADA...

Companies like Tesla may be inventing driverless cars for well, being driverless. BMW, on the other hand, may have other ideas. On a serious note, BMW has taken the driverless car issue to a whole new level where everything can be done: even having a few hot minutes with someone!In its racy, twitter ad (which is already deleted, why?), BMW seemed to imply that sexual activity will be one of the cool things that will be happening all the time in driverless cars. “A space where everything can...

Bitcoin price is down roughly 10% and it broke the key $9,000 support against the US Dollar.The price is currently consolidating losses below $9,000 and it could continue to slide.There was a break below a crucial breakout pattern with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to break the $8,150 and $8,000 support levels to extend its decline in the near term.Bitcoin price is back in a downtrend below $9,000 against the US...

It seems like cryptocurrency and bitcoin ATMs are all the rage. Bitcoin ATMs Are Expanding QuicklyBear in mind that people aren’t necessarily at a point where they’re replacing fiat with cryptocurrency altogether, but bitcoin ATMs are serving a huge purpose for those in countries that lack financial infrastructure. In Latin America, for example, where these products seem to garner most of their business, countries such as Venezuela have been bogged down by socialism for years, leaving many...

So Fi has announced that it will be adding bitcoin, Litecoin and Ethereum to its investing platform now that it’s joining hands with Coinbase, arguably the biggest and most popular cryptocurrency trading platform in the United States. People will now be able to participate in exchange-traded funds (ETFs), stock trades and cryptocurrency transactions through one company. So Fi Is Growing Like CrazyApproximately 40 different coins are available for purchase and trade via So Fi, and customers...

Malta-based cryptocurrency exchange Binance has finally opened up it’s long-awaited “store” in America’s part of the crypto-space, by launching trading on its new exchange for U.S. users. Today, on September 24, Binance.US has been officially launched.https://t.co/AZwoBOy3iq Opens Trading For BTC, ETH, XRP, BCH, LTC, BNB and USDThttps://t.co/Sc8MkzYkn4 pic.twitter.com/wlv9SCshlM— Binance.US (@BinanceAmerica) September 24, 2019The company hopes that by doing so, it could enlarge its influence...