Tag Archives: News

If the signals are anything to go by the acquisition of premier South Korean cryptocurrency exchange Bithumb may fail unless some sort of miracle occurs. The Singaporean based but South-Korean owned BK Global Consortium has allegedly failed to meet up to its commitments as per the deal which saw only a $100 million (a third of the total of 400 Billion South Korean Won or over $330 Million) paid.BK Global Consortium’s Head Kim Byung-gu,n who spearheaded the deal, is said to have asked for an...

After quite a long period of incubation and regulatory pursuits, the Intercontinental Exchange (ICE), eventually launched its Bakkt’s Bitcoin futures contracts last week. The platform had always been heralded as the main ingredient that will serve as the proper Bitcoin catalyst but has failed so far. In fact, a day after Bakkt officially launched, Bitcoin shed almost 20% of its weight and dropped to $8,000 price level for the first time in months.Now Bloomberg reports that analyst from...

There are a lot of solutions for cryptocurrency wallets: applications, desktop versions, hardware pieces. But what could be more convenient than just opening a tab in your browser? Without the need to use special software or carry equipment with yourself, obviously. And is it possible to have a web wallet, that has all the functionality the other types have, without giving up security? We tried to find this out by reviewing some popular web wallets of 2019.Lumi WalletThe registration in Lumi...

Nasdaq has officially begun taking deliberate steps to stifle as much as possible, initial public offerings (IPOs) of small Chinese companies going public in the U.S. The index, according to a Reuters report, is doing this by slapping several restrictions on these firms and frustrating their efforts for approval. Supposedly, the Nasdaq index is doing this because the majority of these firms usually end up raising most of their initial capital from Chinese backers, rather than investors in the...

In the latest development, Switzerland-based SIX Digital Exchange (SDX) has invited financial institutions from across the globe to back its Initial Digital Offering (IDO). SDX is a blockchain-based utility that is completely owned by the Swiss stock exchange SIX Group.The SIX Digital Exchange plans to launch its IDO in mid-2020. This will be just similar to a traditional IPO except for the fact that the shares will be in the form of security tokens available on the SDX platform.The...

Ripple Labs Inc, the owners, and developers of XRP, has just acquired Algrim, a crypto trading firm which has quite a bit of talent despite its small number of human resources.The six-person cryptocurrency firm which has been around for about a decade gives Ripple Labs a foothold in the crypto-friendly country of Iceland which though smaller than 500,000 people (around 340,000) has been at the center of the crypto space for many reasons one of them being access to cheap electricity.With its...

Stellar lumen price traded to a new monthly low at $0.0525 against the US Dollar.XLM price is currently correcting higher, but it is facing a strong resistance near $0.0620.There was a break above a connecting bearish trend line at $0.0592 on the 4-hours chart (data feed via Kraken).The pair is currently consolidating and it might struggle to climb above $0.0620 and $0.0650.Stellar lumen price is trading in a bearish zone below $0.0650 against the US Dollar. XLM price remains at a risk of...

Ripple price is currently consolidating below the key $0.2500 resistance area against the US dollar.The price must settle above $0.2500 and $0.2600 to start a fresh upward move.There is a major bearish trend line forming with resistance near $0.2420 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price could resume its decline if it continues to struggle near $0.2500 and $0.2600.Ripple price is facing a strong resistance near $0.2500 against the US Dollar. XRP price...

Facebook’s Libra is getting some criticism from an unlikely source: Ripple’s Marcus Treacher.Treacher: Libra’s Got to Open Up a BitTreacher is the company’s senior vice president of customer success. According to an interview he did with CNBC his primary complain is that Libra will be a “closed system” or a “walled garden” as he calls it.This basically means that Libra will be largely controlled by a team of executives. The power will not be in the hands of the people who use it, but in those...

Hut 8 is a company that claims to be a new kind of mining firm. As bitcoin’s price crashes this week, some have taken notice of the increased hash rate in the bitcoin mining arena, and some are very curious how new companies are looking to extract new coins.Hut 8: New Ways to Access CoinsAccording to Andrew Kiguel, the CEO of Hut 8, the company’s name is taken from a project led by Alan Turing, a British mathematician who broke the Nazis’ enigma code during WWII. In a recent interview, he...