Monthly Archives: May 2018

Blockchain-Powered Trust Paxos Raises $65 Mln From Investors

Blockchain and crypto company Paxos has raised $65 mln from investors to extend its operations and launch new products. Paxos, an American financial technology startup, has attracted $65 mln from investors, including venture capital firms RRE Ventures and Liberty City Ventures, and private equity executive Jay Jordan, Reuters reported May 31. The company was initially founded in 2012 as Bitcoin exchange itBit and later rebranded as Paxos, a business focused on providing services using blockchain technology. Paxos holds a trust company charter in the state of New […]

More info

Crypto Payment Gateway to Help Start-ups Increase Adoption of Custom-made Tokens

sponsored An established, global crypto payment processor says its solution will help start-ups increase user adoption for new custom-made tokens. A company that describes itself as a “pioneer in the digital payments space” has unveiled plans to become the first company to offer payment processing capabilities for transactions involving ERC20-compliant tokens. CoinPayments, which was established back in 2013, says its payment gateway has the potential to help fledgling crypto start-ups increase adoption for their custom-made tokens (ERC20), without the need for each company to code their own […]

More info

US Crypto Exchange Signs Agreement to Offer Fiat-Crypto Trading to Corporate Clients

Seattle-based crypto exchange Bittrex has signed an agreement that will allow corporate investors to trade selected cryptocurrencies for fiat. Seattle-based crypto exchange Bittrex has signed a banking agreement that will allow corporate investors to trade selected cryptocurrencies for fiat, Bloomberg reports today, May 31. Bittrex, which supports over 200 cryptocurrencies and reportedly has over 3 mln customers worldwide, will cooperate with New-York based Signature Bank to launch fiat trading for Bitcoin (BTC), Tether and TrueUSD. Speaking of the new banking deal, Bittrex CEO Bill Shihara is quoted […]

More info

Devere Group Adds Bitcoin Cash and EOS to Crypto Exchange App

Devere Group, an international financial consultancy boasting well over 80,000 clients in more than 100 countries, has announced that Bitcoin Cash (BCH) and EOS have now been added its recently released cryptocurrency exchange app Devere Crypto. Also Read: Bitcoin in Brief Thursday: Asus Creates 20-GPU Mining Motherboard Crypto Portfolio Diversification This latest addition to the app means that users of the service, which also supports fiat USD, Euro and GBP, can now buy, sell, store, and exchange the two cryptocurrencies alongside the current roster of Bitcoin Core (BTC), […]

More info

Bittrex Lands Bank Agreement to Help Customers Buy Bitcoin With Dollars

Seattle-based cryptocurrency exchange Bittrex Inc. has established a formal agreement with Signature Bank in New York to allow corporate clients in specific states to purchase virtual tokens using USD. The move is designed to increase the amount of institutional capital making its way through the crypto space. Chief executive officer of Bittrex Bill Shihara says the exchange has been working on this partnership for months. “It’s been a long path,” he commented. “It’s not just about banks being able to trust Bittrex; it’s about banks being able […]

More info

Crypto Exchange Huobi Quietly Opens Office in Brazil and Starts Hiring

Huobi, the third largest crypto exchange by 24-hour trading volume, is reportedly setting up an office in Brazil. According to reports in Portal du Bitcoin, representatives of Huobi were seen distributing business cards during Bitconf, a major cryptocurrency conference held in São Paulo, Brazil, on May 5-6, 2018. The Singapore-based exchange has yet to make an an official statement on the matter, but according to Portal du Bitcoin, which broke the news on Tuesday, May 29, 2018, Huobi has already opened an office in the coworking space […]

More info

Coinbase Board Member: Crypto Ecosystem Will Not See Regulation for Years

Kathryn Haun, board member of Coinbase and HackerOne, claims that regulation should not “outpace understanding.” Kathryn Haun, board member of Coinbase and HackerOne claimed that cryptocurrency and blockchain will not see regulation for years, Techcrunch reports May 31. Haun made her statements on regulation at the Code Conference in California today. Haun drew parallels between the internet and crypto, claiming that the in the early days of the internet, users called for one single regulatory body, which never took place. As per Haun, crypto and blockchain are […]

More info

Polish Gov’t Invites BitBay to Join Working Group as Exchange Forced to Leave Country

Crypto exchange BitBay has been invited by Poland’s financial authority to collaborate in a working group on blockchain just as BitBay was forced to end Polish operations. Recently expatriated Polish cryptocurrency exchange BitBay tweeted yesterday, May 30, that the Polish Financial Supervision Authority (KNF) has asked them to join a Blockchain Working Group. BitBay suspended operations in Poland this week after banks refused to cooperate with the exchange, in the wake of the Polish government’s increasingly negative stance toward cryptocurrencies. Although BitBay did not directly address whether […]

More info

Monster Is Moving Towards An ICO Worth $300 Million

Monster’s Big ICO Founded 40 years ago, Monster has been around for long enough to see several industry-changing moments with headphones and speakers. It has also seen itself in the unfortunate position of losing profit over the last few years and has now decided to take a major step to pull itself back up again. Said step being an initial coin offering (ICO) of $300 million. This is – up until now – one of the largest ICOs to take place and the first longstanding consumer product […]

More info

Bitcoin Price Analysis: Consolidation Leans Toward a Strong Bitcoin Move

After days of sudden, strong selling, bitcoin has managed to find a local bottom in the low $7000s where it has been drifting around aimlessly. As many traders on Twitter have noted, we have formed a large consolidation pattern called a symmetrical triangle (outlined in red): Figure 1: BTC USD, 1-Day Candles, Macro Symmetrical Triangle Symmetrical triangles are consolidation patterns that are typically agnostic regarding their breakout direction. However, one important thing to note about this consolidation pattern is it embodies some of the hallmarks of a […]

More info
1 2 3 5