Saturday, April 20, 2019
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Platform Launches Leveraged Bitcoin CFDs for Speculation on Movements Against JPY...

sponsored A global crypto platform has launched a leveraged bitcoin CFD, enabling traders to speculate on the asset’s price movements against the Japanese yen and U.S. dollar. A platform has launched a leveraged bitcoin contract-for-difference (CFD) product, enabling traders to speculate on the cryptocurrency’s price movements against the Japanese yen and United States dollar. Liquid says demand for crypto derivatives is rising and believes these financial products have the potential to enhance awareness about the many hundreds of coins and tokens in the marketplace today. Crypto derivatives are gaining popularity because of how they can help protect traders against volatility in the marketplace. When it comes to futures, traders may benefit from being able to buy or sell crypto at a preagreed-upon price on a fixed date in time. These contracts enable them to lock in the value and secure some uncertainty in an unpredictable market. They can also be useful from a speculation perspecti..

Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD...

Bloomberg calls Bitcoin a bubble yet again, and Facebook is seemingly looking for $1 billion from VC firms for its stablecoin. Top Stories This WeekNYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with the matter, said that Facebook is seeking $1 billion to develop its cryptocurrency project, which itself has not been publicly confirmed by the company. The Times reporter also noted that the project involves a stablecoin that would be pegged to a basket of foreign currencies held in bank accounts. Chinese Traders Pay Extra for Bitcoin Through OTC Desks Amid Crypto Market Surge Local Chinese social media sources said that Bitcoin’s (BTC) price surge last week has led Chinese traders to pay a premium in order to t..

Bitcoin Hovers Near $5,100 as Top Cryptos See Mixed Movements

The top 20 cryptocurrencies are reporting mixed movements on the day as Bitcoin hovers near the $5,100 mark. Sunday, April 14 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) hovers near the $5,100 mark. Market visualization courtesy of Coin360 Bitcoin has seen nearly no change on the day, trading at around $5,098 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is also nearly a percent lower than the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap The overall institutional investment in Bitcoin futures on the Chicago Mercantile Exchange decreased this past week, according to data published by the United States Commodity Futures Trading Commission on April 9. Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $17.3 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13.6 bil..

Hodler’s Digest, April 1–7: Top Stories, Price Movements, Quotes and FUD...

This week, PayPal ventured into blockchain for the first time, and Coinbase turns to cross-border payments. Top Stories This WeekPayPal Invests in Digital Identity-Focused Blockchain Startup in Apparent First Global online payments firm PayPal has invested in startup Cambridge Blockchain, a firm that focuses on leveraging the tech in order to give users more control over their digital identities. The investment, whose amount is undisclosed, is part of an extension to a Series A funding round that had raised an initial $7 million in May 2018. The United States Securities and Exchange Commission (SEC) has stated that Cambridge Blockchain raised a total of $3.5 million in new equity since May 2018. Cambridge Blockchain has notably joined major players such as Microsoft, IBM, Mastercard, and Accenture to collaborate under the canopy of a non-profit organization dubbed the Decentralized Identity Foundation. SEC Staff Publish Framework for Determining If Digital Assets Are Investment Contra..

Hodler’s Digest, March 25–31: Top Stories, Price Movements, Quotes and FUD...

This week saw the hacks of several large cryptocurrency exchanges, while the SEC pushed back their BTC ETF decision. Top Stories This WeekOwner of ICO That Never Happened Attempts to Sell Project on eBay for $60,000 The owner of a crypto-related startup dubbed Sponsy, which never launched its initial coin offering (ICO), is attempting to sell the project on eBay for $60,000. The project is described as a blockchain-related identity that is able to launch both an ICO and a security token offering (STO), with the author of the posting claiming that the project was both audited by an investment firm and approved by several investment banks. Sponsy also claims to have a solid social presence, although its Twitter and Facebook page posts have around ten likes on average. The eBay poster noted in an interview that he lost out on the ICO craze by taking time to develop a product, rather than first launching an offering. Over 130-Year-Old Liquor Company William Grant & Sons to Track Whiskey o..

Bitcoin Pushes Past $4,100 as Top Cryptos See Mixed Movements

The top 20 cryptocurrencies are reporting mixed movements as Bitcoin reaches $4,100. Sunday, March 31 — the top 20 cryptocurrencies are reporting mixed, mostly mild, price movements on the day by press time, as Bitcoin (BTC) reaches just over $4,100. Market visualization courtesy of Coin360 Bitcoin has seen nearly no price movement on the day, up just a fraction of a percent trading at around $4,105, according to CoinMarketCap. Looking at its weekly chart, the current price is over two percent lower than the value of BTC one week ago. Bitcoin 7-day price chart courtesy of CoinMarketCap Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.9 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $12.9 billion by press time. ETH has also seen little change today, down by a fraction of a percent over the last 24 hours. At press time, ETH is trading around $141, after having started the day at nearly the same price...

Bitcoin Stays Near $4,100 as Top Cryptos See Mixed Movements

The top 20 cryptocurrencies are reporting mixed movements on the day as Bitcoin stays near $4,100. Saturday, March 30 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) stays near $4,100. Market visualization courtesy of Coin360 Bitcoin has seen nearly no price movement on the day, trading at around $4,095 after having reported a mid-day high of $4,275, according to CoinMarketCap. Looking at its weekly chart, the current price is nearly one and three quarters of a percent lower than the value of BTC one week ago. Bitcoin 7-day price chart courtesy of CoinMarketCap Bakkt, the company trying to launch the much-awaited physically delivered Bitcoin futures later this year, announced yesterday that former cybersecurity expert at IBM, Cisco and Endgame Tom Noonan will become the chairman of its board of directors. Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.9 billion. The second..

Bitcoin Cash Grows as Major Oil Futures Show Mixed Movements

Most of the top cryptocurrencies and Bitcoin are reporting slight to noteworthy losses on the day as Bitcoin Cash sees gains. Monday, March 18 — most of the top 20 cryptocurrencies are reporting slight to noteworthy losses on the day by press time. Bitcoin is down just over one tenth of a percent on the day, trading at around $4,024, according to CoinMarketCap. Looking at its weekly chart, the current price is just under three percent higher than $3,906, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Co-founder of advisory firm Fundstrat Global Tom Lee today noted the apparent correlation between Bitcoin’s price action and emerging markets in a tweet. Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is at about $14.6 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $13 billion by press time. ETH is down by about one percent over the last 24 hours. At press time, ETH is tr..

Hodler’s Digest, March 11–17: Top Stories, Price Movements, Quotes and FUD...

In this week’s Hodler’s Digest, Jay Clayton may not consider ETH to be a security, but the CBOE is over BTC futures contracts for now. Top Stories This WeekU.S. District Attorney Charges OneCoin Founders With “Billions” in Alleged Fraud The founders of international cryptocurrency pyramid scheme OneCoin have been charged by a United States district attorney. Both Konstantin Ignatov and his sister Ruja Ignatova were reportedly arrested on March 6 in Los Angeles after being accused of “wire fraud, securities fraud, and money laundering offenses” after luring investors into putting billions of dollars into the fraudulent OneCoin cryptocurrency. The crypto organization — established in 2014 and based in Sofia, the capital of Bulgaria — works as a marketing network in which members receive commissions for attracting potential buyers to buy into the cryptocurrency, with reportedly over 3 million members globally. U.S. SEC Chairman Jay Clayton Confirms ETH Is Not a Security Jay Clayton, the ..

Hodler’s Digest, March 4–10: Top Stories, Price Movements, Quotes and FUD...

In major news this week, university students seem to be making a profit mining crypto, and Jack Dorsey buys $10,000 of BTC a week. Top Stories This WeekResearch: ‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners According to research from tech conglomerate Cisco, college campuses are the second-largest crypto miners across industry verticals. The researchers investigated crypto mining activities across a variety of industries, finding that university campuses are ranked the second-biggest miners of digital currency at 22 percent, with the energy and utilities sector in first at around 34 percent. According to the research, the increasing mining difficulty for many cryptocurrency means that a higher amount electricity is needed, making it profitable for students to mine since the university pays their electricity costs. ‘Coffee for Bakkt’? Starbucks Equity Deal Will See Crypto-Based Payments, Source Claims An unconfirmed report about Starbucks’ partnership with..
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