Ex-Banker Dick Corcoran will oversee billions of dollars in value as CEO of the recently formed BitGo Trust Company.
CoinDesk
Sector pacesetters lead dialogue on digital currency compliance standards
Elastos, the decentralized infrastructure for secure internet-based transactions, hosted a meeting of blockchain and digital currency space leaders to talk about the future of regulations, compliance and best practices throughout the sector ecosystem. Representatives of exchanges, including HBUS and…
The post Sector pacesetters lead dialogue on digital currency compliance standards appeared first on CoinReport.
Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead
This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $ 4,400. Support currently appears to be established in the mid-$ 3,000s as the market remains indecisive over its next move:
Figure 1: BTC-USD, Daily Candles, Current Support Level
Figure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market. At the moment, we are currently seeing some resistance around the macro, 78% Fibonacci retracement of the parabolic run-up. To date, bitcoin has realized a whopping 82% devaluation from its all-time high to the current low in the mid $ 3,500s.
Craig Wright’s Bitcoin Cash Fork Can Hit $1 Million: Reddit’s Fmr. Crypto Lead
According to former Reddit crypto lead-turned-entrepreneur Ryan X. Charles, there are only a couple options for the future of Bitcoin, specifically Bitcoin Cash-spinoff Bitcoin SV — it goes to astronomical highs, or it goes to zero. To illustrate his point, published the following tweet on Friday. It seems he has decided that of the two networks that
The post Craig Wright’s Bitcoin Cash Fork Can Hit $ 1 Million: Reddit’s Fmr. Crypto Lead appeared first on CCN
Markets Update: Dump Drives Record BTC Volume on Binance, XRP Extends Lead Over ETH
Cryptocurrency markets have continued to see significant losses, with BCH, BTC, and ETH posting new lows for 2018. Despite also losing fiat value, XRP’s gains when priced in BTC have extended its dominance over ETH.
Also Read: ETH Mining Not Profitable, Miner Heats Home With ASIC Rigs
BCH Posts All-Time Lows
BCH has continued to produce bearish momentum, dropping to record lows against both fiat and cryptocurrency pairings. When measuring against the dollar, BCH has spent the majority of today, Nov. 21, bouncing between the record low area of $ 230 and local resistance at roughly $ 270. BCH has lost approximately 60% of its dollar value in the last fortnight in the wake of its contentious hard fork. As of this writing, BCH is trading for roughly $ 247 on Bitstamp.
$20 Trillion US Debt Will Inevitably Lead to Big Crypto Boom: Prominent Investors
ShapeShift CEO Erik Voorhees has said that the growing debt of the US, which hovers at around $ 21.7 trillion as of November, will inevitably cause a big spike in crypto. “When the next global financial crisis occurs, and the world realizes organizations with $ 20 trillion in debt can’t possibly ever pay it back and thus
The post $ 20 Trillion US Debt Will Inevitably Lead to Big Crypto Boom: Prominent Investors appeared first on CCN
Will EtherDelta Charges Lead to the Demise of Decentralized Crypto Exchanges?
The US Securities and Exchange Commission (SEC) has charged Zachary Coburn, a co-founder of decentralized crypto exchange EtherDelta, for operating an unregistered national securities exchange. SEC Charges EtherDelta Founder With Operating an Unregistered Exchange https://t.co/KYRBmn2UHw — SEC_News (@SEC_News) November 8, 2018 In its official statement, the SEC also emphasized that EtherDelta illicitly distributed unregistered securities
The post Will EtherDelta Charges Lead to the Demise of Decentralized Crypto Exchanges? appeared first on CCN
Michael Bloomberg Releases Election Ad: “Republicans Have Failed to Lead”
Michael Bloomberg, the former mayor of New York City and CEO of Bloomberg L.P., has come out in support of the Democratic Party leading up to Tuesday’s midterm elections in a commercial released on Sunday night. On Election Day, we must tell Republicans in Washington that they have failed to lead, failed to find solutions and […]
SludgeFeed
How Bakkt Could Lead Bitcoin To Recovery
A well-known crypto trader, technical analyst and all-around figure the crypto space, Alex Kruger has said that Bakkt will lead the recovery of Bitcoin throughout the end of this year to the start of the next.
Kruger went onto say that denial of the Bitcoin exchange-traded fund filling of SolidX, VanEck and Chicago Board Options Exchange will lead to the crash of Bitcoin, possibly leading back down to the $ 6,000 mark and maybe even the $ 4,000 level.
Kruger said:
Why Fidelity’s Blockchain Incubator Lead Joined a Crypto Startup
Blockchain enterprise software startup Bloq has hired Fidelity alum Hadley Stern for its management team. Stern, who was the architect of Fidelity Investment’s digital assets arm, joins Bloq in the newly created role of chief operating officer where he will spearhead the next chapter of growth for the startup. Stern was the driving force behind Fidelity’s budding
The post Why Fidelity’s Blockchain Incubator Lead Joined a Crypto Startup appeared first on CCN
Will Yale’s Investment in Crypto Lead to More Institutional Investors?
This week, CCN reported that Yale, the prestigious Connecticut-based academic institution, has invested in a $ 400 million crypto fund operated by veterans in the digital asset and finance space. Coinbase Inc. co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and billion dollar crypto hedge fund Pantera Capital ex-employee Charles Noyes reportedly launched a new
The post Will Yale’s Investment in Crypto Lead to More Institutional Investors? appeared first on CCN
Two Nobel Prize winners in economics to lead economics advisory board of Cryptic Labs
Cryptic Labs has announced two Nobel Prize winners in economics – Sir Christopher Pissarides and Dr. Eric S. Maskin – will spearhead its economics advisory board. Palo Alto, California-based Cryptic Labs is the chief commercial research lab dedicated to solving central security issues to further the…
The post Two Nobel Prize winners in economics to lead economics advisory board of Cryptic Labs appeared first on CoinReport.
Barclays’ Lead Crypto Banker Departs, Leaving the Trading Desk Project in Question
The ongoing traditional financial institution talent exodus continues, as the managing director of the cryptocurrency project at Barclays (BCS), the British multinational investment bank and financial services company, has reportedly left the firm. According to a recent report by Bloomberg that cites an insider familiar with the matter, Chris Tyrer has left the bank after starting exploratory […]
SludgeFeed
The Zaif Hack Story Isn’t Over Yet: Further Investigations Lead to More Questions
The hack of Japan-licensed cryptocurrency exchange Zaif took the crypto community by surprise last week. It’s recently emerged that the perpetrators of the crime are trading the stolen wealth on Binance and other exchanges.
Japan’s Financial Watchdog Slams Three Business Improvement Orders
The event couldn’t pass unnoticed, especially because the exchange had reportedly warned about its vulnerabilities in advance following the Japanese financial authorities’ (the FSA) verifications.
Regulators Must Lead On Blockchain: IBM Report
Blockchain reduces paper processes, speeds up transaction times, increases efficiencies and builds trust among participants to a transaction, according to Sept. 23 IBM report on how distributed ledger technology (DLT) can improve how the federal government does business. The report was authored by Thomas Hardjono, director of the MIT Trust: Data Consortium. It’s titled “The Impact of Blockchain for Government: Insights on Identity, Payments, and Supply Chain.”
Hardjono explores several areas where blockchain can benefit government agencies and how regulators and policymakers can lead the way to mass adoption of the tech that drives economic vitality.
A Market In Recovery – Ethereum, Monero and Tezos Lead As Most Cryptos Reverse Downward Trend
It hasn’t been the best month for cryptocurrencies, with the market shedding as much as $ 50 billion in the first two weeks of September alone. For some like Ethereum, the month has been outright brutal, with the most valuable altcoin registering its lowest price of the year at just over $ 170. However, the trend is slowly reversing and the market is seeing consistent green, with most cryptos regaining much of the value lost in the past two weeks. Ethereum has been among the biggest gainers, registering a 10 percent gain in the past two days to trade at $ 223 at press time. Bitcoin has held steady over $ 6,500 over the past two days for the first time in the past week, with other altcoins such as Tezos, EOS, NEM and Monero also registering notable gains to take the total market capitalization above $ 200 billion.
Ripple (XRP) All Set To Lead Altcoin Rally By October
Ripple (XRP) is probably the most bullish looking coin right now. This is because Ripple (XRP) has already complete an almost 92% correction since its fall from $ 3.31 in January this year. In addition to that, as the above weekly chart for XRP/USD shows, Ripple (XRP) has just completed a giant bullish gartley pattern that extends all the way to 2017. This means that Ripple (XRP) can now be expected to begin a new trend at this point and possibly enter another bullish gartley formation.
Continue reading Ripple (XRP) All Set To Lead Altcoin Rally By October at Crypto Daily™.
Why Cardano (ADA) Could Lead The Second Generation Of Cryptocurrencies
Cardano. A top ten cryptocurrency project, backed by the brains of Ethereum but set up with a vision for the future. Cryptocurrency isn’t going to exist in this state forever, as the technology grows, so will each individual project. As it stands, Cardano promises an awful lot for the future and many now believe that Cardano is set to lead the charge for the next generation of cryptocurrencies, the time when cryptocurrencies and their projects migrate into a new purpose, with new uses, new values and a part of a more adaptive community.
How the Efforts of Bakkt Could Lead to the Approval of the First Bitcoin ETF
The SEC has disapproved 10 Bitcoin exchange-traded funds (ETFs) in the past month but analysts believe Bakkt can assist the launch of the first bitcoin ETF. Bakkt’s Efforts in Finding Trusted Price Formation Last month, the SEC officially rejected the Winklevoss Bitcoin ETF filed with the Bats BZX Exchange with a 92-paged document which explicitly
The post How the Efforts of Bakkt Could Lead to the Approval of the First Bitcoin ETF appeared first on CCN
Imperial College London, eToro study: digital currencies could lead payments within 10 yrs.
Social trading and multi asset brokerage company eToro and Imperial College London announced in a press release CoinReport received from eToro’s PR firm, Wachsman, the results of recent research on cryptocurrencies. According to the release, the central finding of the study is that digital currencie…
The post Imperial College London, eToro study: digital currencies could lead payments within 10 yrs. appeared first on CoinReport.