Digital money platform Uphold is looking to become a broker-dealer in the U.S. after acquiring a registered firm called JNK Securities, it was announced Wednesday. The company has now filed with the Financial Industry Regulatory Authority (FINRA) for approval of the change of ownership to become a registered broker-dealer. Ultimately, Uphold hopes to offer security tokens,
Cryptocurrency
Cryptocurrency exchange Huobi Pro is to cease offering trading services to investors living in Japan starting from next month. According to a news report from Coinpost, the exchange announced the news in an email sent to investors in Japan on Wednesday, stating it will remove the Japanese option from its homepage and suspends trading services
Cryptocurrency trading is an extraordinary opportunity because the price volatility is much wider than in equity markets. What would normally take weeks to attain in gains I have achieved in much shorter time frames. Rather than doubling down as my stack has grown, I bank my profits back into the majors: the largest blockchains such
The cryptocurrency markets are always changing. Nothing remains static for long, and as an investor, you need the right wallet to help you keep up with these changes. You’re no beginner. You saw Bitcoin hit $20,000, you invested in Ethereum early on, and you might even have taken part in the major Bitcoin fork that
The past two weeks have seen two South Korean exchanges get attacked and robbed, sparking commentary and critique among the country’s local cryptocurrency community. It began with the Coinrail hack on June 9. At the time, the popular South Korean cryptocurrency exchange tentatively announced a “cyber intrusion” that saw the loss of $40 million worth of cryptocurrencies.
Cardano (ADA) & Tron (TRX) – The cryptocurrency market is slowly beginning to rebound after taking a hit this past weekend. Source: CoinMarketCap On Friday, Japan’s FSA announced a cryptocurrency crackdown that caused Bitcoin (BTC) and Ethereum (ETH) to plummet nearly 10%. With the sharp drop, most of the market followed suit – but has
The recently introduced “trans-fee mining” revenue model is starting to change the cryptocurrency exchange landscape, despite some criticism of the method from industry insiders. According to CoinMarketCap, two exchanges have just shot to the top of the 24-hour trading volume rankings after rolling out trans-fee mining for users. The data shows that 24-hour trading volume on
A new cryptocurrency exchange from South Korea has leaked critical information about 19 users on its platform, which could put some $620,000 worth of a cryptocurrency at risk. According to a report from CoinDesk Korea on Monday, an employee of Bitkoex, an exchange launched in May, posted in a Kakao group chat on last Friday
Popular e-commerce entrepreneur and business owner Jared Goetz has made a career out of being ahead of the marketplace and adapting his companies to new trends. At the age of 21, Jared made his first million, then went on in the years to come to run other businesses that have made millions of dollars. He has been
XBT and BTC – How Were these Acronyms Adopted? XBT or Bitcoin was created by Satoshi Nakamoto in 2009. Satoshi Nakamoto did not specify any abbreviation for Bitcoin and BC was the acronym originally adopted. Exchanges specified Bitcoin as BTC, and it caught on. ISO 4217 standard is a non-governmental organization that specifies currency codes
Tron [TRX] is celebrating its “independence day” today, as its token migration is set to conclude later tonight. When this occurs, Tron will become completely independent from the Ethereum network. Tron Independence #TRON Independence Day live stream starts now, join us to be part of the free, decentralized internet. https://t.co/M5uzhyfjYf — Justin Sun (@justinsuntron) June
A senior executive from the provider of China’s top photo-retouching app, Meitu, will now lead HBUS – the new U.S. strategic partner of cryptocurrency exchange Huobi. According to an announcement on Monday, Frank Fu, former managing director of Meitu’s global business, will join the fledgling U.S. exchange as CEO, and will manage its operations and oversee
The price of ethereum, the world’s second largest cryptocurrency by market capitalization, dropped to a 74-day low below $430 – a level not seen since April 12. Data from CoinDesk’s price index shows the cryptocurrency dropped by more than $50 over a short-term period of 12 hours to reach $426.47 around 16:00 UTC on Sunday. Yet
Day 11 of the Crypto World Cup has come to completion but who ended the day on top? Sunday’s matches included: Tom Lee vs. Justin Sun Andreas Antonopoulos vs. Jack Dorsey Don Tapscott vs. Warren Buffett In matchday one, Andreas Antonopoulos defeated Warren Buffet 2-1. Jack Dorsey defeated Don Tapscott 2-1 and CryptoYoda defeated Erik
Day 10 of the Crypto World Cup has officially concluded, and it was quite the doozy! Saturday’s matches saw Satoshi Nakamoto alienate Jed McCaleb. We also saw a tight game between Anthony Pompliano and Brian Armstrong, with the latter coming back in injury time. Day 10 of the Crypto World Cup ended with Roger Ver
That kid you know who’s now driving a Lambo because he traded something called dogecoin? He has more in common with Japanese rice traders from the 1700s than you might think. Besides the ability to brag about their newfound riches, both traders likely analyzed price action and investor emotions by using the candlestick charting style.
Cryptocurrency’s disruptive effect on both personal and global finance cannot be understated. Up until recently, most crypto enthusiasts have been more interested in their own personal wealth than increasing the wealth of others; however, all of that has changed with Mannabase, a new player in the crypto markets that espouses the merits of universal basic
It’s Crypto World Cup day 9 and round 1 of the world cup is giving us our worthy victors; by June 28th we should have our top 16. Today’s matches saw World Cup favorite Cameron Winklevoss defeat Dan Larimer in a cruel last-minute win. We also had Barry Silbert and Nick Szabo meet face-to-face but
Meme-Based Cryptocurrencies: At the end of last year, the crypto market price soared, igniting the mainstream interest in the space that we see today. Despite the popularity, coins like Bitcoin (BTC), Bitcoin Cash (BCH), and Ripple (XRP) continue to take precedence. But there are hundreds of cryptocurrencies available, with some being meme-based cryptocurrencies. In an age where
The price of bitcoin fell to its lowest point since February today. As of press time, the leading cryptocurrency’s price went as low as $6,063, according to CoinDesk’s Bitcoin Price Index (BPI), a significant drop considering the day’s opening price of $6,717.20. The near-$700 decline (which saw prices decline roughly 10 percent) effectively brought bitcoin to
On May 17th, the Chinese government published its public Blockchain and cryptocurrency ratings. Initially, it gave the coveted no.1 spot to Ethereum, but now it has EOS ranked no.1. A second round of the rating list has been released and Ethereum has been pipped to the post by none-other-than EOS (Perhaps the Chinese government changed its
Last week, Coinbase announced that it will soon be adding Ethereum Classic. The move sparked joy across the crypto-board. However, some were left wondering – is Coinbase adding Ripple? Considering Coinbase is moving to Japan, where XRP is popular and is openly looking to list new virtual currencies, it seems like it’s only a matter of
Phil Potter, chief strategy officer for cryptocurrency exchange Bitfinex, has reportedly left the company. Reuters reported Friday that Potter, who is also a director of the ‘stablecoin’ issuing company Tether, will be temporarily replaced by Jan Ludovicus van der Velde, Bitfinex’s CEO. Following the publication of this article, a representative for Bitfinex provided CoinDesk with
Chinese crypto miner arrested: A man has been arrested in the Anhui Province of China for allegedly stealing 150 megawatts (MW) of electricity. Chinese Crypto Miner Arrested Local media outlet Xinhua reported the arrest today, stating that the man, known under the surname Ma, had more than 200 computers that he was attempting to mine
Litecoin’s (LTC) price hit a seven-month low on Friday as the cryptocurrency markets turned risk-averse. The world’s sixth largest cryptocurrency by market capitalization fell to $84.39 at 14:00 UTC – its lowest level since November 29, according to CoinDesk’s Litecoin Price Index – and was last seen at $84.99, down more than 12 percent on the
Creditors of the defunct bitcoin exchange Mt. Gox just won a big victory. According to a Friday release from Mt. Gox trustee Nobuaki Kobayashi, the exchange’s ongoing bankruptcy proceedings have been paused and a civil rehabilitation process will commence. The Tokyo District Court issued an order on June 22 approving a petition to begin civil rehabilitation, which
Japan has also been a crypto-forward and friendly country, but it seems Japan’s top financial regulator is putting its foot down on cryptocurrency exchanges. Just this morning, the Financial Services Agency (FSA) issued six new business improvements to the list of 16 cryptocurrency exchanges it previously approved. The list of Japenese crypto exchanges receiving administrative punishment
Bitcoin’s (BTC) bears may be building for a strong comeback, having pushed prices to a eight-day low below $6,300 earlier on Friday. The price fell to $6,286 on Bitfinex at 09:50 UTC, the lowest level since June 14, and, at press time, was changing hands at $6,326, down around 6 percent over 24 hours. As discussed
Japan’s financial watchdog has issued business improvement orders to six licensed cryptocurrency exchanges following on-site inspections conducted over recent months. According to an announcement made by the Financial Services Agency (FSA) on Friday, the regulator is ordering bitFlyer, QUOINE, BTC Box, Bit Bank, Tech Bureau and Bit Point to enhance their internal-auditing and user-protection systems.
Robinhood stock trading app: A National Banking Charter is attractive to many financial tech companies but alas! it is very hard to get. That hasn’t stopped California-based stock trading app Robinhood from approaching regulators at the Office of Comptroller of the Currency (OCC), with an ambition to acquire necessary licenses allowing it to receive a national banking