Tag Archives: News

Interactive Brokers Group Inc. – a trading firm based in Greenwich, Connecticut – is opening its new cryptocurrency division. Interactive Brokers Says “Yes” to Digital Currency Customers of the firm will soon be able to trade and buy up to four different cryptocurrencies. They are bitcoin, bitcoin cash, Ethereum, and Litecoin. The company has stated that competition is growing given that many standard banks, hedge funds, and financial institutions are seeing their...

Walmart has been making a real name for itself in the crypto space. Many analysts were thrilled when the retailer announced not too long ago that it was looking to hire a crypto product specialist for its new blockchain division, suggesting that the firm was following in the steps of Amazon, one of its biggest competitors. Walmart and Litecoin… If Only! According to a recent news release, the company had engaged in a partnership with leading altcoin Litecoin, which...

Known software firm and institutional bitcoin investing company MicroStrategy has just purchased more than 5,000 additional units of bitcoin for a whopping $242.9 million. At the time of writing, the company – following this recent purchase – owns close to $6 billion in BTC, the world’s leading digital currency by market cap. MicroStrategy Just Keeps Buying Bitcoin In a filing documented earlier this week, it was recorded that MicroStrategy purchased as many as 5,050...

The price of bitcoin has taken a bit of a dip over the past few days. The world’s number one digital asset – which was trading for over $45,000 per unit late last week – is now trading in the high $43,000 range, meaning that the currency has lost a couple thousand dollars in a short period, and it looks like whales are trying to take advantage of the situation. Whales Are Buying Up All They Can Whales are individuals that are classified as “big bitcoin owners,” for lack...

Not everyone is a bitcoin fan, and now it looks like Sveriges Riksbank – the governor of Sweden’s central bank – is adamant that the world’s number one digital currency is about to collapse, and thus holds no place in modern-day finance. Sveriges Riksbank: Bitcoin Isn’t Going to Make It The digital currency space has come quite far in recent years. The primary asset, bitcoin, has attracted some of the world’s largest and most prominent institutional investors, from...

Bitcoin cash price started an upside correction from the $600 zone against the US Dollar. The price is now trading near the $650 zone and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $640 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to rise if it clears the $650 and $660 resistance levels. Bitcoin cash price is eyeing recovery above $660 against the US Dollar,...

El Salvador has announced that foreign bitcoin investors will not have to pay tax on the profits they make through cryptocurrency transactions. El Salvador Makes Things Easy for Foreign BTC Investors The news comes just a little over a week after the Central American nation declared bitcoin legal tender. El Salvador is the first nation to make such a move, and now it looks like several others – such as Paraguay – are interested in following in the country’s footsteps....

We’ve all heard of frequent flyer miles. The more you fly, the more miles you’ll earn for future trips. Well, a cryptocurrency company is pushing a new digital asset known as Fly Coin, which will pay users in digital currency granted they engage in specific travel behaviors. Fly Coin Will Reward Consistent Travelers The company has recently brought on a new chief executive officer in the form of Lenny Moon. Moon will be tasked with overseeing the market launch of the...

Allied Payment Network and Finastra are joining hands to create a new product known as the Allied Bitcoin Wallet, which will be available to customers of both platforms through the Finastra Fusion Store. Allied and Finastra… The Perfect Match? Created by Allied – and with assistance from the NYDIG – the product is built primarily for financial institutions who are looking to enter the crypto space. Standard banks and similar establishments will be able to use the wallet...

EOS price started a decent recovery from the $4.30 zone against the US Dollar. The price is now trading above $5.00 and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $4.85 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if there is a clear break above the $5.10 and $5.20 resistance levels. EOS price is gaining pace above $5.00 against the US...