Tag Archives: News

On September 18, the Federal Reserve announced another 25 basis point interests rate cut, bringing interest rates down to 1.75% to 2%. This is the second rate cut by Federal Reserve since 2008. The last rate cut was on August 1 this year, with an interval of only 48 days.Notably, at least seven of 17 fed members think they will cut rates again this year. Meanwhile, US President Trump has publicly said he lacks the courage to cut interest rates and will continue to press federal reserve.On the...

Ripple price climbed higher sharply after it broke the $0.2650 resistance against the US dollar.The price is currently correcting lower after it posted a new monthly high near $0.3260.There is a major bullish trend line forming with support near $0.2680 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price remains well supported on the downside near the $0.2680 and $0.2650 levels.Ripple price is currently under pressure below $0.3000 against the US Dollar. However, XRP...

ICE‘s Bakkt platform has finally announced its Bitcoin Futures contracts going live today, September 23. Bakkt‘s Bitcoin Futures launch comes as per its earlier announced schedule after the U.S. Commodities and Futures Trading Commission (CFTC) gave the exchange a green signal last month.We’re live!The first Bakkt Bitcoin Futures trade was executed at 8:02pm ET at a price of $10,115— Bakkt (@Bakkt) September 23, 2019As part of the announcement, Bakkt provides two contracts – Bitcoin Daily...

Photo: Crypto Compliance SummitSolidus Labs‘ one-day event, taking place at Hogan Lovells, Madison Avenue on Thursday, will culminate in a talk by reigning SEC Commissioner Hester M. Peirce.Also speaking at the event, which includes a series of panel discussions, will be Coinbase Chief Compliance Officer Jeff Horowitz and representatives from Circle, CryptoCompare, and David Weild IV, former Vice-Chairman of NASDAQ.Not Your Usual CommissionerCryptocurrency regulators aren’t often spoken of...

Bit Farms, a cryptocurrency mining company stationed in Canada, has bought more than 2,000 new A10 Avalon mining machines to improve its mining capabilities. Bit Farms Is Moving Up the Mining RanksCanada has proven to be very attractive to foreign crypto miners, who see the company as a prime haven thanks, in part, to its low energy costs and vast open spaces – perfect for building new mining businesses. At press time, the bitcoin hash rate is breaking all sorts of records, which means that...

Despite all the regulatory hurdles and all that hate that has come from both domestic and international lawmakers, Libra, Facebook’s controversial new cryptocurrency, is still proceeding with a 2020 launch. Libra Is Still Moving AheadLibra was first announced in June to widespread criticism. As Facebook was just beginning to relieve itself from its previously embarrassing fiasco involving Cambridge Analytica in 2018, the company unveiled new plans for a cryptocurrency that could be used as a...

Patrick Byrne, the former chief executive of Overstock.com who sent shockwaves through the blockchain community not too long ago when he resigned from his post, has decided to sell all his company shares – worth roughly $90 million before taxes – and commit all his money to crypto and precious metals. Byrne Is Getting Ready for a Financial BreakdownByrne comments that he’s ready to go to war with the “deep state” and its “pet” the Securities and Exchange Commission (SEC).In 2014, Byrne was...

Photo: ShutterstockLet’s investigate. To encourage the participation of institutions in Bitcoin, in 2018, Bakkt announced their plans to address such well-known issues as AML/KYC, security breaches, lack of regulation, a volatile asset price, etc.Now, with fraudulent trading gapped and collateral in place, Bakkt is ready to launch since they have received all the regulatory approvals needed.Time will tell if Bakkt will be able to tackle all the challenges that arise when working with a new...

Futures exchange operator CME group has announced that it plans to begin offering bitcoin futures contracts starting in early 2020. Futures were originally launched at the end of 2017. At press time, more than 3,000 people are trading futures and approximately 20 successful expiration dates have occurred since their integration. Bitcoin Futures Are All the Rage… Right?Tim McCourt, global head of equity index and alternative investment products at CME says: These new products are designed to...

Latin American countries such as Colombia are top havens for bitcoin and cryptocurrencies. Unfortunately, what these countries don’t always have are the right regulatory tactics, but some are looking to change that. Is Colombia Looking to Change Itself?In the past, companies like Paxful have done their best to increase the number of bitcoin ATMs present in the country, and for the most part, they’ve been successful. In addition, Colombia has increased its use of altcoins like Ethereum and...