Cryptocurrencies, virtual money, or digital coinage, a rose by any other name, still smells as sweet. The latest amusing sideshows of government officials not knowing how to corral the new digital age come to you from Japan and Russia. The Financial Services Agency (FSA) in Japan, the local regulator, is considering the classification of all…
Read more
Bitcoin is back once again over an all-important psychological support level of $4,000. The price of the most popular cryptocurrency dropped to its lowest point since August 2017 last month. Its price however is now slowly, but steadily, rising more than 7% yesterday alone and 33% over the last 5 days. According to some, this…
Read more
Cryptocurrencies have been labeled the most volatile asset class in history, and for that reason, many of the monitoring services employed by traditional stock exchanges to ferret out price manipulation or pump-and-dump schemes just do not work in the crypto world. Jay Clayton, the chairman of the SEC, has continually castigated exchanges in the crypto…
Read more
Google search results show that there is a potential dynamic duo: Amazon and Blockchain/Cryptocurrency. One of the largest e-commerce giants in the world is at the forefront of technological disruption, which is probably why its market capitalization is growing exponentially throughout the years. Amazon registered three cryptocurrency domains in November 2017, including amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com. Some…
Read more
Bitcoin values have been plummeting, some 77% down from its high a year ago, but enthusiasts have always held out hope that institutional investors would save the day. Many of these hopes have been held captive by the SEC, which has already turned down in 2018 over a dozen applications to form a Bitcoin Exchange-Traded…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided daily commentary on traditional and crypto markets for November 29, 2018. Highlights include: BTC Found Bottom? Bitcoin has found a new line of support following yesterday’s news about the Nasdaq pursuing BTC futures. Other institutional voices such as Mohamed El-Erian of Allianz have voiced…
Read more
NETELLER, a digital wallet provider and part of Paysafe Group Plc (LON:PAYS), has just announced that it is now offering its customers the opportunity to instantly buy and sell cryptocurrencies, as cryptocurrency adoption continues to grow. As of today, NETELLER users can buy, hold and sell cryptocurrencies via a recognised cryptocurrency exchange including Bitcoin, Bitcoin…
Read more
Fidelity Investments, one of the biggest US financial companies in the world, managing around $7 trillion in client assets, is now launching a completely new company that will only handle cryptocurrencies for their clients. The new entity, called Fidelity Digital Asset Services, will handle cryptocurrency trades and help institutional investors with their digital asset businesses.…
Read more
Digital Asset Custody Company (DACC), the purpose-built custody solution for institutional investors in cryptocurrencies and other digital assets, has announced that it can now provide custody support for Stellar Lumens (XLM), a cryptocurrency based on a blockchain devoted to transforming payment and currency exchange systems. DACC now offers the ability to securely custody over 90…
Read more
Vietnam is one of those countries that stands firmly against cryptocurrencies, judging by their legal actions. Country officials are currently pushing for more regulations to be introduced for cryptocurrency trading and transactions. Thailand is in the same position as Vietnam. The two countries are anti-crypto and officials are looking for ways to prevent businesses from…
Read more