Cryptocurrency

Bitcoin is outperforming gold amid heightened uncertainty in the global markets. The world’s most valuable cryptocurrency is currently trading at $11,700, representing 16 percent gains on a month-to-date basis. Meanwhile, gold, the traditional safe-haven asset, has added 6 percent this month. The precious metal picked up a bid at $1,400 on Aug. 1 as the

According to CoinTelegraph, Amazon (NASDAQ:AMZN) is on the hunt for a software development engineer to develop an Amazon advertising blockchain. The world’s largest online retailer posted a job offer on LinkedIn and reportedly is in need of a development engineer for the new advertisement blockchain. Here’s what we know. Amazon Advertising Blockchain The hire will join

Coinbase must face a negligence lawsuit from customers who bought bitcoin cash (BCH) following its allegedly botched listing on the exchange during the 2017 bull market, a judge has ruled. U.S. District Judge Vince Chhabaria of the Northern District of California dismissed the plaintiffs’ fraud and unfair competition claims against Coinbase, and the negligence claims brought by

US cryptocurrency lending startup BlockFi has raised $18.3 million USD in a funding round led by Valar Ventures, the company announced on Tuesday. BlockFi is the first company of its kind to receive institutional funding for crypto-based loans in US dollars, in the form of a $50 million lending facility from Galaxy Digital. The new

Japanese crypto exchange Bitpoint is resuming some trading services following a $28 million hack in mid-July. Bitpoint is re-opening cash deposits and withdrawals in fiat currencies on August 6th following a safety assessment of the exchange’s cryptocurrency wallet. According to CoinDesk Japan, the hacked wallet is no longer in use and therefore not under threat.

As per a report, Canaan Creative, the major Bitcoin miner manufacturer, is supposed to have confidentially filed for an IPO in the US. As Bitcoin has grown into one of the biggest cryptocurrencies in the world, a range of industries have cropped up that are seeking to provide services that will help create a more

Bitcoin (BTC) has risen back above the $11,000 psychological price point after regaining ground on July 8’s and July 22’s bearish breakdowns. At 15:00 UTC on August 4, the world’s largest cryptocurrency by market capitalization rose above $11,000 for the first time in 21-days. BTC’s price stalled and then was retested along the $10,600 area

The month has got off to a fairly promising start for a crypto sphere with Bitcoin managing to gallop past the $10,000 mark and many other tokens gaining significantly in the aftermath. While it is true that Bitcoin is almost always the leader of the market in terms of gains when the crypto space starts

The Takeaway Bitcoin derivatives provider LedgerX announced it has launched the first physically-settled bitcoin futures contracts in the U.S. Wednesday. The contracts, which pay traders out in bitcoin, rather than U.S. dollars, will be available to both institutional and retail investors. Customers can deposit bitcoin, rather than dollars, when buying a contract. LedgerX has beaten

CoinDesk reports that new crypto derivatives platform FTX has launched one of the most abstract and strangely-named futures index fund in the cryptocurrency market. The index, dubbed Shitcoin Index Perpetual Futures or SHIT-PERP, is a 58 low market cap coins index. It is flanked by other low-cap indices ALT-PERP and MID-PERP and includes projects such

A rule embedded within litecoin’s (LTC) code is set to soon reduce rewards for the miners who today ensure transaction processing on the world’s fourth-largest blockchain by total value. In approximately five days, litecoin will undergo a scheduled reward halving – a process aimed at preserving cryptocurrency’s purchasing power. The mining reward is currently set at 25 litecoins ($2,500)

According to Forbes, Bitcoin and cryptocurrency asset manager Grayscale Investments is about to make the biggest transfer in cryptocurrency history. The asset manager is planning on moving billions of dollars worth of holdings today, and the destination is US crypto wallet and trading platform Coinbase. Should the transfer go off without a hitch, it will

Cryptocurrency exchange CEX.io now operates in 31 U.S. states and the District of Columbia. Since launching a U.S. office early in July, the London, U.K.-based firm says its compliance team has been working with regulators to satisfy the required checks and audits and be granted money transmitter licenses in the new states. Following that effort, the company

In an unexpected move, a major Chinese state bank has posted what appears to be a positive infographic on its website detailing the history of Bitcoin and some basic cryptocurrency concepts. The infographic notes the impressive gains that Bitcoin has benefitted from recently and appears to address the relevance of cryptocurrency in today’s world. Trading

Crypto derivatives platform FTX has perhaps the most speculative and oddly-named futures index fund on the market: SHIT-PERP, or the Shitcoin Index Perpetual Futures. An index of 58 low market cap coins, SHIT-PERP includes projects like Waves, Grin, and Nano. It is flanked two other low-cap indexes on the site, MID-PERP and ALT-PERP. Image via

Despite the current troubles in the crypto space this month, new tokens are still being listed on some of the world’s leading cryptocurrency exchanges. As everyone knows, Coinbase is the world’s most popular and biggest crypto exchange, and Coinbase Pro is not far behind, which is why whenever a cryptocurrency is listed on one of

A Canadian judge approved more than $1.6 million in fees for firms that are seeking to recover funds from the now-defunct Canadian crypto exchange QuadrigaCX. Nova Scotia Supreme Court Judge Darlene Jamieson ruled Wednesday that all activities undertaken and fees incurred by Ernst & Young (EY), Stikeman Elliot (EY’s legal counsel), Kirkland & Ellis (EY’s

The US-based crypto exchange Kraken is rolling out new funding options for five major fiat currencies. In order to do so, the exchange has partnered with Etana Custody. Let’s check this out. Kraken’s New Funding Options Yesterday, July 29, the crypto exchange put out an official announcement saying that it will offer new funding options

Bitcoin wallet and blockchain explorer provider Blockchain just launched its first exchange platform. Blockchain’s head of retail products, TD Ameritrade alum Nicole Sherrod, told CoinDesk the custodial exchange, called the PIT, can connect to non-custodial Blockchain wallets for nearly instant transfers. Registration opens today, with the ability to trade up to 26 assets rolling out over

Over the course of the past few years, Litecoin (LTC) has firmly emerged as one of the more popular altcoins in the crypto sphere, but the token is slowly but surely approaching a day of reckoning as the much talked about halving is going to take place soon. The halving is going to reduce the

View Bitcoin dipped to $9,111 over the weekend, forming a bearish candle, despite a quick bounce back above $9,600. For the sixth day in a row, prices continue to trend below the 50-period moving average – an indication the bears firmly control the short-term trend. The daily and weekly RSI and the “awesome” oscillator are

On July 24, Ripple Labs Inc., the company behind XRP, released its Q2 2019 report, which revealed that it had sold over $250 million in XRP in the quarter. The report outlines Ripple’s strategy of selling XRP going forward as well as focusing on establishing legit trading volume data. Ripple Reports 48% Quarter-to-Quarter Increase in

The Takeaway: The charity arm of Binance was reportedly financed late last year by donations of at least $13 million. A company spokesperson said, “the donated amount does not include the total committed funds.” Less than half of the donations made to the Binance Charity Foundation (BCF) are accounted for on BCF’s website, which shows

In 2017, during the cryptocurrency bubble, a number of projects launched tokens for a wide range of payments. It was easy because what was needed to raise millions of dollars through an initial coin offering was just an idea. During the period, Ethereum and its native token Ether (ETH) reached a record high because of

Matthew Trudeau is chief strategy officer at crypto asset exchange ErisX. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in crypto assets. Sign up here. Recently CoinDesk published an article titled, ‘High Frequency Trading is Newest Battle Ground in Crypto

The crypto winter kept cryptocurrency markets in the grip for almost two years until sometime this year, but in this period of grey, one asset stood out. Ripple’s XRP continued to perform well within expectations. XRP’s Strong Performance in Q2 Ripple has indicated that XRP sales in the first and second quarters of 2019 have

While post offices sometimes offer banking services, Croatian Post is looking at launching a nationwide cryptocurrency exchange service. For a pilot effort, Croatian Post, or Hrvatska Pošta, is now offering crypto-to-fiat exchanges in three post offices in the coastal town of Zadar – a place popular with tourists. Hrvatska Pošta said Thursday that the trial run

The meteoric growth of the price of Bitcoin from $3,693.85 at the beginning of the year to the $13,880 year high reported last month has greatly affected most altcoins. As a result of the devaluation that altcoins have suffered against Bitcoin, most people are dumping their tokens in preference of the gaining Bitcoin. One altcoin,

Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits. VST portfolio consists of 20 global companies using artificial intelligence (AI), blockchain, virtual and augmented reality (VR/AR) to

The Takeaway Gotbit inflates trading volumes on obscure cryptocurrency exchanges for a fee and has about 30 token projects as clients. The firm programs bots to trade tokens back and forth with each other, creating the illusion of active markets so the assets can get listed on CoinMarketCap. Its co-founder says exchanges are aware of