Breaking- Binance Enables P2P Trading For Binance Coin [BNB] In China

October 29th, 2019

Per a recent tweet by Binance, a trader in China can now trade Binance coin via the Binance app.  Will Binance Enable BNB Trading in India? Source- Twitter The announcement garnered interesting responses from crypto twitter. The comments further led to speculations if Binance’s next step will be enabling P2P trading in India. Source- Twitter…

XBT/USD Analysis: Bitcoin Momentum Stalls But Is $10,000 Recoverable?

October 28th, 2019

BTC/USD perpetual inverse swap contract on BitMEX exchange went through a reckoning upward ride on Friday and over the weekend session. The asset rose from the ashes below $7,500 to highs above $10,500 in less than 48-hours. The entire crypto market also reacted in tandem with Bitcoin as they scaled above some key support levels….

Ethereum Announces to Perform Istanbul Hardfork In December

October 26th, 2019

The Ethereum Foundation has proposed to initiate its anticipated “Ethereum Improvement Proposal (EIP) 1884. As a result of this planned development, Ethereum has plans to launch its latest hardfork for Instabul on the 4th of December, 2019. Ethereum Instanbul Mainnet Lanches In December The Istanbul Mainnet was decided upon at the Ethereum Foundation Core Developer…

Celsius Network Partners With Tether to Enable Users to Earn 12% Interest on USDT Deposits

October 24th, 2019

In a recent update, Celsius Network has announced its collaboration with Tether (USDT). The latter boasts of a market cap worth $4 billion. Users Can Earn Upto 12% interest The collaboration will allow users to easily deposit USDT in their Celsius wallet and also earn up to 12% annual interest. Moreover, the interest will be…

XBT/USD Analysis: Bitcoin At The Beginning Of A Ruthless Ride To $6,400 – BitMEX Margin Trading

October 24th, 2019

Bitcoin was mauled mercilessly during the European session on Wednesday. The disintegration continued through the Asian session. Moreover, the bears are still in control on Tuesday as the charts remain in the red. In my previous analysis this week I explored the formation of a rectangle pattern. While the pattern is not common, its formation…

SEC to Regulate Facebook’s Crypto, Libra? Rep Introduces Bill for Stablecoins

October 23rd, 2019

On Tuesday, Rep. Sylvia Garcia (D-Texas) presented a new bill before the Senate House Financial Services Committee to classify stablecoins under ‘securities’. The bill, if passed, would extend to Facebook’s Libra as well. The House of Financial Services Committee under Chairwomen Maxine Waters hasn’t been kind to Facebook about Libra. According to lawmakers, the proposed project…

Bittrex International Closing Down to Pave the Way for a New Exchange

October 22nd, 2019

Bittrex International is all set to close operations on the 29th of October. The exchange is withdrawing services from 31 countries. The main reason behind the move is regulatory uncertainty around crypto exchanges. Interestingly, the closure will be accompanied by the launch of a new partner exchange, Bittrex Global. Maldives and Iraq Among Affected Countries…

Chainlink Grows By 12% in 24 Hours; Records 30-Day Gains of 42.65%

October 21st, 2019

One of the top cryptocurrencies, Chainlink has received a major price boost within the last 24 hours. The price of LINK rose by 12% according to stats on CoinMarketCap. The rapid positive price action comes amid a new partnership between the Chainlink and Constellation network whose aim is to leverage blockchain technology in order to…

Japan’s BitFlyer Exchange Launches Mobile App for US and Europe

October 21st, 2019

Tokyo based cryptocurrency exchange, BitFlyer is set to improve and ease cryptocurrency trading on its platform by launching its mobile application. The new app will be available to customers across Europe and the United States, providing them with a regulated environment to trade cryptocurrencies. Traders can buy and sell crypto using the US Dollar, Euro…

Facebook’s Crypto Project Head Proposes a New Stablecoins Design for Libra

October 21st, 2019

At a banking seminar, David Marcus, yesterday proposed a plan to issue a series of stablecoins instead of a combined one. Marcus is optimistic of a launch by June 2020.  Facebook’s announcement of Libra has unsettled financial regulators all over the world. The userbase of Facebook poses a threat to the power of central banks…