Monthly Archives: February 2020

A New Partnership Lets Institutional Investors Play OTC Crypto Markets

From a single point of access, institutional investors can trade over the counter. UK-based crypto lending and liquidity provider B2C2 is teaming up with SFOX, a leading U.S. crypto company serving institutional investors, according to a Feb. 12 press release.  This partnership is aimed at letting SFOX clients (including asset managers, family offices and high net worth individuals) access B2C2’s large liquidity pools and better-priced over-the-counter (OTC) markets though a single point of entry.  Danny Kim, head of growth at SFOX, said:  “We are delighted to partner […]

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Crypto Market Cap Hits $300 Billion But Bitcoin Dominance Down 6% YTD

Bitcoin’s dominance rate drops and the total market cap reaches $300 billion as traders fight to flip the $10.3-$10.4K zone to support. Today, as Bitcoin price (BTC) strives to achieve a new high, the crypto market achieved a $300 billion market capitalization. Over the past month, the figure has steadily increased from $218.4 billion to $303.1 billion, and the total market cap has gained 65.92% since the start of 2020. Crypto market daily price chart. Source: Coin360 Earlier this week, Cointelegraph contributor Michaël van de Poppe discussed […]

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A Mailbomber in the Netherlands Wants a BTC Payment to Stop Blowing Things Up

Two letter bombs exploded in the Netherlands on Wednesday and someone wants a Bitcoin payment to make it stop. Two letter bombs exploded in the Netherlands on Wednesday and an anonymous criminal is asking for a Bitcoin payment to prevent future attacks, Dutch police say.  The first bomb went off at a postal sorting office in ABN Amro bank in Amsterdam on Wednesday morning. The letter bomb exploded moments after a mailroom worker tossed away the package. “The colleague who was sorting the mail heard a hissing […]

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Blockstack’s Proof of Transfer Would Have Miners Pay BTC to Mint Stacks

Blockstack announced Proof of Transfer, a new consensus algorithm for blockchains that uses Bitcoins to secure a network directly, instead of electricity. Blockstack unveiled a novel consensus mechanism for piggyback blockchains called Proof of Transfer (PoX) on Feb. 6. Instead of relying on its own proof of work, miners under PoX commit Bitcoin (BTC), which circulates in the ecosystem. The system will be used in Blockstack’s proposed Stacks 2.0 blockchain, which is set for release later in 2020. The Proof of Transfer mechanism was devised to piggyback […]

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It’s No 100x, But It’ll Do: Coinbase Pro Re-Releases 3x Leverage

Coinbase Pro has launched 3x margin trading once again after removing the feature several years ago. Coinbase Pro, the cryptocurrency trading platform arm of U.S.-based exchange Coinbase, has unveiled margin trading for select customers.  Active Coinbase Pro users in 23 states can now trade with leverage on Coinbase Pro, according to the company’s blog announcement on Feb. 12.  Coinbase Pro hosts a modest 3x leverage limit, whereas exchanges such as BitMEX and Binance offer 100x leverage and up.  What is margin trading? A product typically seen in […]

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Six Out of Forbes Top 50 Fintech Companies for 2020 Are in Blockchain

Forbes recently released its top 50 fintech companies for 2020, showing six blockchain and Bitcoin companies among the listed firms. Forbes released its Fintech 50 list this week, which included six blockchain companies among the media outlet’s compilation of top financial technology companies.  Carrying a “Blockchain and Bitcoin” category tag, Forbes listed Axoni, Chainalysis, Coinbase, Everledger, MakerDao and Ripple amongst its top 50 fintech list for 2020, released on Feb. 12.  Other contenders on the list included companies such as Plaid, Opendoor and Lemonade, categorized under payments, […]

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3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners

As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation, but now Chinese miners are finding it easier to migrate to Central Asia for $0.03 per kWh in certain countries. Also Read: Iranian Grid Explains Electrical Costs Will Fluctuate for Bitcoin Miners […]

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Circle Continues Sell-offs as Voyager Digital Acquires Investment App

Circle, a Goldman Sachs-backed crypto startup behind USD-pegged stablecoin USDC, sells its crypto trading app to Voyager. Despite ongoing bullish movement in crypto markets, Circle continues to sell off wings of its business. Circle, a Goldman Sachs-backed crypto startup that launched USD-pegged stablecoin USDC, has agreed to sell its digital asset investment app Circle Invest to Voyager Digital Canada, the operator of digital asset broker Voyager. Circle Invest customers to be moved to the Voyager Platform by the end of March 2020 As part of the acquisition, […]

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Reuters to Provide Fact-Checking for Facebook Amid 2020 US Presidential Elections

Major global publication Reuters has established a new unit in partnership with Facebook with the objective of identifying misinformation on social media. In partnership with Facebook, Reuters has established a new unit tasked with identifying misinformation on social media.  As Reuters reported on Feb. 12, social media giant Facebook’s Third-Party-Fact-Checking Program and the news outlet have jointly launched a fact-checking initiative in a bid to identify misinformation on social media. Specifically, Reuters will verify information posted on Facebook and Instagram in the run-up to the United States […]

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Price Analysis Feb 12: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

The crypto markets are in a strong bull trend but the rally could hit rough weather as the uptrend begins to look overextended. The total crypto market capitalization has topped $300 billion for the first time since early-August of 2019. This shows that the bulls are back in action. Interestingly, it is not only the crypto markets that have been moving up, even the US stock markets have been making new lifetime highs in 2020.  Currently, the Dow Jones index is currently close to 29,500 points. However, […]

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