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Bitcoin Hovers Just Above $3,600 as Crypto Markets See Another Slump

Cryptocurrencies are declining again, after yesterday’s brief recovery attempt. Tuesday, Jan. 15 — following a brief period of recovery yesterday, all of the top 20 cryptocurrencies by market capitalization are falling again. The only exception to this are two stablecoins Tether (USDT) and USD Coin (USDC), which are currently in the green. Market visualization from Coin360 As of press time, Bitcoin (BTC) is down 2.34 percent on the day, to trade at $3,615. The leading cryptocurrency started the day above the psychological threshold of $3,700, while on the weekly chart the highest price point was registered on Jan. 9 at $4,107. Bitcoin 7-day price chart. Source: Cointelegraph Price Index The second largest cryptocurrency by market cap, Ripple (XRP) has lost almost 3 percent of its value over the last 24 hours, currently trading at around $0.32. XRP did not experience significant price fluctuations today, but it is significantly down from the intraweek high of $0.38 seen on Jan. 9. R..

DBS-owned Indian Bank to Close Account Over Crypto-Related Activity: Report

India’s first digital bank, the DBS-owned Digibank, is allegedly closing accounts involved in crypto-related activity. India’s first digital bank, Digibank, is allegedly closing accounts involved in cryptocurrency-related activity. The claim was made by Twitter user “Indian CryptoGirl” (@Desicryptohodlr) in a tweet posted Jan. 14. As previously reported, the same Twitter user had just recently posted details of alleged anti-crypto restrictions being imposed on account holders by Kotak Mahindra Bank, India's second largest private sector bank by market cap. Both banks’ reported measures come in the context of a prohibition on domestic banks’ dealings with crypto-related businesses, which was announced by India’s central bank, the Reserve Bank of India (RBI) last April, taking effect in July. According to Indian CryptoGirl’s tweet, Digibank — which is owned by Singapore-headquartered, major multinational financial services company DBS — imposed a credit freeze on her account after ..

Devs Behind Marshall Islands’ National Crypto Confirm Plans to Launch This...

The team behind a Marshall Islands’ state-issued crypto have revealed that they are still committed to the project. A national cryptocurrency for the Marshall Islands is still being actively developed, despite previous disagreements among government officials on the subject, a blog post from the team behind the coin revealed Jan. 10. In the recent post, the team behind the coin — dubbed Sovereign (SOV) — revealed that it had made “significant progress in finding partners, investors, and developers” to realize the project. As the post states, the team is aiming to launch SOV in 2019. The team behind the state-backed crypto includes former Secretary General of the Bank for International Settlements, Dr. Peter Dittus, as the project’s Chief Economist. The project also announced a new partnership with “smart banknotes” firm Tangem, a start-up operating from Switzerland and Singapore. The Marshallese parliament had initially supported the development of the national digital currency, accor..

Canadian Platform to Become the Major Global Crypto Exchange by Expanding...

sponsored A cryptocurrency exchange wants to make crypto trading accessible in over 100 countries within 2019. Despite the downturn that shackled the crypto markets in 2018, there is a renewed sense of optimism, as some experts believe the crypto market could fare better in 2019. Canadian-based CoinField plans to make crypto trading more accessible and cheaper for investors — irrespective of where they live — so they can take advantage of when crypto prices go green. The exchange intends to become one of the largest trading platforms for cryptocurrencies. It is already available in 101 countries and the team plans to expand the service to more regions in 2019, including the United States. World-class trading dashboardCoinField was launched in April 2018 by Central Crypto Exchange Corp. The platform says it provided both advanced and simplified trading dashboards for beginners and professional traders to buy and sell any cryptocurrencies in just a few clicks. The trading platform says..

Japanese Finance Giant SBI’s Crypto Subsidiary Backs Mobile Wallet BRD

SBI Crypto Investment, a subsidiary of SBI Holdings, has invested in Breadwinner AG, the company behind the cryptocurrency wallet app BRD. SBI Crypto Investment, a subsidiary of the Japanese financial giant SBI Holdings, has invested in crypto firm Breadwinner AG, Cointelegraph Japan reports on Jan. 15. SBI’s crypto investment fund did not disclose the amount contributed to Switzerland-based Breadwinner, the developer of mobile crypto wallet BRD. According to the announcement, BRD operates in 170 countries and has been downloaded by 1.8 million Android and iOS users. SBI’s Interim results announcement reveals that in the six months that ended Sept. 30, 2018, SBI Holdings registered over 176 million yen in revenue (about $1.6 million). BRD has not responded to Cointelegraph’s request for comment by press time. SBI Group as a whole has also invested in the crypto space previously. The company announced in August that it had invested in cryptocurrency exchange LastRoots for the second t..

US Regulators’ Approach to Crypto Is Obstructing Innovation: Ex-Congressman

American politician George Nethercutt claims securities focus in particular is causing unnecessary turbulence for the nascent industry. Former Republican Representative George Nethercutt championed cryptocurrency, but took aim at United States regulators’ approach to it in an article for political news outlet The Hill Jan. 14. Nethercutt — who represented the U.S. state of Washington for ten years from 1995 — now serves as founder and chairman of Nethercutt Consulting LLC and of his nonprofit, the Nethercutt Civics Foundation. Reviewing U.S. policy at home and abroad in his recent op-ed, Nethercutt drew a stark contrast between actions of the State Department to protect U.S. intellectual property and those of regulators. “While diplomats at the State Department are negotiating hard to pave the way for American innovation, U.S. regulators such as the Securities and Exchange Commission (SEC) have been slow to make pronouncements regarding cryptocurrencies,” he wrote, continuing: “This h..

Windows Torrent File Malware Can Swap Out Crypto Addresses, Researcher Warns

Latest crypto-related malware hides in a movie file on The Pirate Bay and targets specifically Windows PCs, Bleeping Computer reports. New malware posing as a movie file from torrent website The Pirate Bay (TPB) can manipulate web pages and replace Bitcoin (BTC) and Ether (ETH) addresses, computing magazine Bleeping Computer reported Jan. 12. The malware — originally thought to inject advertising on Google and in search results — in fact performs multiple actions, some of which were discovered by the publication’s own researcher Lawrence Abrams. “What appeared to be an ad-injector into the main Google search page turned out to be only the tip of the iceberg,” the researchers warned. The file containing malicious code poses as a movie file on TPB, specifically for the movie The Girl in the Spider's Web. In reality, along with ads and manipulating search results to show certain links first, the malware is also able to swap out cryptocurrency wallet addresses for ones owned by the a..

Diar Report: 2018 Sees ‘Record Transacting Volumes’ on Crypto Exchanges

According to a recent report by Diar, 2018 saw a significant increase in trade volumes on crypto exchanges. Cryptocurrency exchanges have closed 2018 with “record transacting volumes,” according to a report by research firm Diar published Jan. 14. In its report, Diar notes that both the number of trades and the trade volume have increased on major crypto exchanges in 2018, compared to 2017 figures. The firm predicts that 2019 will see lower figures for spot markets than in 2017, despite the likely increase in the variety of traded cryptocurrencies. According to Diar’s data, the combined trade volume of the USD markets on major United States crypto exchange Coinbase increased by 21% in 2018 versus 2017. Over the same period, exchanges Kraken and Bitfinex saw increases of 192% and 50% respectively. In addition to growing trade volumes, Coinbase reportedly registered a 14.1% increase in the number of trades: from 82.7 million deals in 2017 to 94.4 million in 2018. Diar has also analysed ..

Crypto Asset Manager LedgerX Launches Bitcoin Volatility Index

LedgerX has launched its first Bitcoin (BTC) price volatility index LXVX. LedgerX has launched its first Bitcoin (BTC) price volatility index. The launch of LedgerX Volatility Index (LXVX) was revealed to Cointelegraph by the company’s spokesperson on Jan. 14. LedgerX is a cryptocurrency asset manager regulated by the United States Commodity Futures Trading Commission (CFTC). The official press release shared with Cointelegraph explains how the index is formed: “The LXVX incorporates the level of fear and uncertainty in the bitcoin market, and thus can be thought of as the "bitcoin fear index," in the same way the VIX is commonly referred to as a stock market fear index by market commentators.” According to the press release, the company will draw the data for LXVX from the Bitcoin options product that it already offers to its customers. LedgerX’s COO Juthica Chou has said that the new index can help traders and investors monitor risk. Chou also noted that LXVX is currently down by ab..

Crypto Markets Show Signs of Recovery Following Severe Losses

Cryptocurrencies have started growing again after seeing significant losses over the past couple of days. Monday, Jan. 14 — the vast majority of cryptocurrencies are recovering after experiencing severe losses over the last several days, according to Coin360. Of the top 20 by market capitalization, only the stablecoins USD Coin (USDC) and Tether (USDT) are still in the red. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) has seen an increase of nearly five percent on the day, and is trading at around $3,717 at press time. As Cointelegraph reported earlier, BTC hit a new year-to-date low today, slumping to as low as $3,544. On its weekly chart, Bitcoin’s highest price point was $4,107 on Jan. 9. Bitcoin 7-day price chart. Source: Cointelegraph Price Index Ripple (XRP) — which is currently at the top position among altcoins by market cap — has grown by more than 4 percent over the last 24 hours, and is trading as around $0.335 at press time. Ripple’s market ..
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