Launched less than two years ago, Tesla’s Model 3 is already proving a major thorn 81-year old automotive giant Toyota. According to Electrek, Tesla is responsible for about 50% of the defection rate that Toyota is experiencing in North America. Among the top five cars that buyers of the Model 3 were trading in last year, Toyota Prius was leading. Per WardsAuto, U.S. sales of the Prius (excluding the subcompact Prius C) declined by 17.7% last year to 79,171 units. At the height of its popularity, over 150,000 units of the Prius used to be sold in the U.S. This
Coinbase has yet to give Bitcoin Cash holders their Bitcoin SV from the Bitcoin Cash hard fork that happened November 15th 2018. The fork away from Bitcoin Cash by Craig Wright and Calvin Ayre’s preferred chain, called Bitcoin SV or “Satoshi’s Vision,” happened November 15th. The hash war was widely reported in CCN and elsewhere.
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Coinbase probably had its best quarter so far, launching several products over the fourth quarter of 2018. The company which Lightspeed Venture Partner Semil Shah called ‘The Breakout Company of 2017’ recently concluded its 12 Days of Coinbase which introduced features such as instant PayPal withdrawals, Coinbase Earn which is a modified version of Earn.com (Coinbase
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Cryptocurrency exchange HitBTC has frozen its customers’ accounts ahead of an annual proof of keys event, according to multiple sources. On December 31, 2o18, the company responded to an open complaint on Reddit after the user accused them of suspending his withdrawal requests. Redditor PEDXS said that he had dutifully passed the know-your-customer test after
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This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Bithumb Holds a Special Event for Newly Registered Users Following the Opening of Its Weibo Channel SEOUL, South Korea, Dec. 19, 2018- Bithumb, a global cryptocurrency exchange with
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Coinbase — the largest US-based cryptocurrency exchange — partnered with payments platform PayPal to enable instant, free crypto-to-cash withdrawals for US customers. This means customers can now move the crypto balances in their Coinbase accounts to their PayPal accounts immediately, at no charge. “These withdrawals are not only fast; they’re free and incur no fees,” … Continued
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Arthur Hayes, the CEO of leveraged crypto exchange BitMEX, has come out to deny allegations that the exchange is trading against orders made by its customers. In the original blog post, an anonymous account named ‘Hasu’ laid out the argument against the Hong Kong-based exchange with three major accusations: “BitMEX trades against their customers” “BitMEX weaponizes […]
A banking firm in Switzerland has opted for its clients to be able to get involved in initial coin offerings in an easier manner.
The bank in question, Swissquote, has previously let customers trade with crypto. Although this is an unusual service for traditional financial institutions to offer. In addition, Swissquote offers traditional FOREX trading and the range of services that traditional banks offer.
The first ICO to be offered as an investment option on the banking platform is called LakeDiamod. This is a lab-designed diamond firm which is raising money to purchase to equipment. In the future, more ICOs will be offered.
One of the biggest names in financial services wants to help institutional investors add bitcoin and other cryptocurrency assets to their multi-billion dollar portfolios. Citing proven institutional demand for cryptocurrency products, Fidelity Investments, the fifth-largest asset manager in the world with 27 million clients and $ 7.2 trillion in customer assets, has announced that it will
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On the heels of a massive 10% price jump in Bitcoin (BTC) 00 and after a rocky week for the stock market, Fidelity has announced plans to store and trade digital currencies for their institutional clients.
Currently, Fidelity manages $ 7.2 trillion dollars in total assets, and services more than 27 million customers.
Fidelity is leading the United States in 401(k) retirement savings plans, and is one of the largest 403(b) retirement plan providers for not-for-profit institutions.
Gemini announced during the week in a press release that the exchange has partnered with leading insurers to provide coverage on custodial digital assets. Effective since October 1, 2018, insurance coverage is provided on digital assets held in Gemini’s custodial service. Aon, a leading global professional services firm providing a broad range of risk, retirement and health
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Poloniex, the exchange Circle has been working to revive since acquiring it in February, announced in a blog that it will eliminate its margin and lending products for U.S. customers by year’s end and delist three altcoins. The company noted it is removing the margin and lending products in the U.S. to ensure the exchange
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Several years ago, digital currencies were essentially unheard of and the technology behind them was imperfect and not as advanced as they are today.
Despite this, people were still eager to get involved with Bitcoin and started investing.
- H. Taylor from Seeking Alpha has recently discussed how a greater acceptance for mainstream financial institutions can lead to an increase in price for digital currencies.
In the six-page article, Taylor starts off to say that he only got into cryptocurrencies through a friend who encouraged him to invest in Bitcoin when the crypto was just getting started.
Famed US cryptocurrency exchange Gemini, the birth child of Tyler and Cameron Winklevoss is alleged to be exploring an expansion into the United Kingdom, opening their doors to a new and emerging British cryptocurrency market.
Gemini are considered a major exchange, though by limiting their operations to certain areas, the trading volume of the exchange is far lower than it should be, therefore Gemini need to expand and discover new markets. With the UK ever optimistic around cryptocurrencies, this seems like the most sensible next step for the exchange.
The global investment bank based in the United States, Morgan Stanley is looking to offer Bitcoin swap trading for its clients according to sources.
According to Alistair Marsh, a reporter from Bloomberg, people who are familiar to the matter have said that the giant company “plans to offer trading in complex derivatives” linked to Bitcoin.
According Alistair’s sources, the global investment bank “will deal in contracts that give investors synthetic exposure to the performance of Bitcoin,” and essentially copying plans from Wall Street’s Goldman Sachs and Intercontinental Exchange with others.
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Sparkdex, the first decentralized cryptocurrency exchange to start up in Hong Kong, will launch on the August 30th, 2018. Designed for cryptocurrency traders, the exchange will offer a
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Popular travel and accommodation website CheapAir.com mentioned in a blog post how they were threatened with a social media smear campaign demanding $ 10,000 in Bitcoin.
CheapAir.com is a well-known website for intrepid travelers, but it’s also achieved notoriety inside of the cryptocurrency world.
The company was one of the first entities to accept Bitcoin 00, accepting the cryptocurrency for flight and hotel bookings starting back in 2013. CEO Jeff Klee noted last year how Bitcoin’s price jump throughout 2017 led to an “unprecedented increase in sales with the digital currency.”
Nasdaq Inc’s SMARTS trade surveillance technology is now employed by five cryptocurrency exchanges, according to reports. Last week it held a closed-door meeting to help improve the profile of cryptocurrencies in global markets.
According to Bloomberg reporting, Nasdaq Inc recently organized a meeting between its experts and cryptocurrency exchanges. Confirmed in attendance were representatives from Gemini, the exchange launched by Tyler and Cameron Winklevoss in 2016. In April 2018, Gemini contracted Nasdaq Inc in order to utilize its SMARTS trade monitoring technology.
HBUS, a virtual currency marketplace and the U.S. strategic partner of Huobi, has begun accepting new registration from U.S. residents, starting today July 6, 2018.
American customers will be able to deposit cryptocurrencies such as bitcoin and ether on its platform. However, users won’t be able to trade or make withdrawals until the marketplace goes live on July 10, 2018.
The company, headquartered in San Francisco, aims to promote “an open and competitive market” where traders can choose from a rich pool of “high-quality virtual currencies.”