Monthly Archives: October 2018

Bitfinex Challenges Insolvency Rumors, Provides Proof of Wallet Reserves

Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question. The Hong Kong-based company released a blog post on October 7, 2017, that states, contrary to recent rumors, it is not insolvent. In its defense, the company provides links to its public wallet addresses, stating that hearsay in spite of these publicly verifiable records is “perhaps indicative of a targeted campaign based on nothing but fiction.” “Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going […]

More info

UK’s Oldest Crypto Exchange Prepares for Employee Layoffs

In what may be a sign that business in the cryptocurrency space is in a winding down phase, U.K.-based bitcoin exchange Coinfloor is bidding adieu to half of its staff. The company, which claims to be the oldest crypto exchange in London, has roughly 40 employees. More than half of them will be let go, Financial News reported, citing two sources close to the matter. The news broke early today, October 8, 2018. Coinfloor CEO Obi Nwosu confirmed the layoffs but declined to spell out exactly how […]

More info

Ukrainian Ministry of Finance Creates Working Group to Develop Crypto Taxation

The Ukrainian Ministry of Finance has formed a working group to develop the country’s crypto taxation regime by the end of 2018. The Ukrainian Ministry of Finance is creating a working group to discuss and develop a legal framework for crypto taxation, according to an Oct. 8 announcement on the ministry’s official website. The group will start its work beginning Oct.16 to identify crypto-related tax regulation options within the existing legal framework. The group of experts will also identify possible instances in which new or revised legislation […]

More info

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 8

With major events coming for the crypto industry in October and November, do the charts confirm that the market has bottomed out? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The total trade volume of the crypto market has plummeted. This shows that the current owners are not […]

More info

Mobile SMS Bitcoin Cash Wallet Cointext Expands to Asia

Hong Kong is the first country in Asia to officially be connected by Cointext, a service which enables anyone to send money to mobile phone numbers or Bitcoin Cash addresses without Internet, apps, or accounts. In addition to residents of the Chinese autonomous territory, Israelis and Palestinians also now have access to the service. Also Read: Binance Exchange to Replace Token Listing Fees With Donations Cointext Expands to Asia Cointext, a service which enables cryptocurrency users to transact directly over mobile SMS, has announced today that it […]

More info

Binance, a16z-Backed Oasis Labs Launches Blockchain Startup Hub

Following a $45 million fund raising round, Oasis Labs releases its blockchain startup hub to assist developers and investors in building DApps. Blockchain cloud computing platform Oasis Labs announced a partnership with major names in crypto and venture capital to launch a blockchain tech hub called the Oasis Startup Hub, the firm announced at San Francisco Blockchain Week October 8. According to the company’s press release, the Oasis Startup Hub aims to create an ecosystem for blockchain developers, investors, technologists, and industry key-players to collaborate, as well […]

More info

Binance to Make Listing Fees Transparent, Give Proceeds to Charity

Binance, the largest cryptocurrency exchange by trading volume, said that it will make new cryptocurrency listing fees transparent and donate 100 percent of those fees to charity. The exchange made the announcement today, October 8, 2018, in a blog post where it stated that a listing fee would now be more appropriately called a “donation.” Listing fees have been a pain point for cryptocurrency projects. Projects depend on getting their coins listed on exchanges for liquidity. News of getting listed on a major exchange can cause a […]

More info

PwC and Cred Partner to Develop Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology. PwC consists of several different financial firms and spans across 158 countries. The company currently boasts over 200,000 employees serving in quality assurance, advisory and tax service positions. Founded by former PayPal technologists Dan Schatt and Lu Hua, Cred seeks to offer open access to cryptocurrency-based credit options, regardless of where the seeker may reside. With offices in Munich, […]

More info

Crypto Markets Finally See Wave of Modest Growth After Period of Relative Stability

Markets have taken a near-unanimous upturn, even as onlookers have been pointing to a period of uncharacteristically stable price action in the crypto sphere. Monday, Oct. 8: markets have taken a near-unanimous upturn, even as onlookers have been pointing to a period of uncharacteristically stable price action in the crypto sphere. Virtually all the top 100 cryptocurrencies are seeing solid growth on the day, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has seen a relatively strong boost, by press time growing almost 2 […]

More info

CNBC’s Ran Neuner Says ‘Bitcoin Is About to Explode,’ Points to Pending ETF Decision

CNBC’s Cryptotrader host Ran Neuner says it is “too obvious” that Bitcoin “is about to explode” soon, evidently due to the SEC’s much-anticipated ETF decision. Crypto analyst and host of CNBC’s show Cryptotrader Ran Neuner has claimed that the price of Bitcoin (BTC) is “about to explode” in a recent tweet October 7. Neuner expressed his utmost confidence in an upcoming surge in Bitcoin’s price by noting “I just bought Bitcoin for my parents” in the same tweet. A notable rally would likely be tied to the […]

More info
1 2 3 4