Binance is seeking to navigate U.S. crypto regulations in partnership with little-known firm BAM Trading Services… Binance is expected to launch its upcoming exchange platform in the United States by the end of the year, with the company’s executive estimating that the platform will launch within “a month or two.” In the interview, Changpeng Zhao […]
Continue Reading
Tether is reportedly planning a Chinese yuan-backed stablecoin to meet the growing demand for cryptocurrencies in the country. Stablecoin operator Tether plans to issue a Chinese yuan-backed stablecoin, local industry media ChainNews reports on Aug. 21. Tether to issue a renminbi-pegged stablecoin Bitfinex shareholder Zhao Dong informed the outlet that Tether — the stablecoin operator […]
Continue Reading
Nelson Minier, head of over-the-counter trading at cryptocurrency exchange Kraken, says its volume has increased twenty-fold since 2018. Nelson Minier, head of over-the-counter (OTC) trading at major cryptocurrency platform Kraken, has stated that the OTC desk’s trades per month have increased by a factor of 20 since the beginning of last year. Minier gave his […]
Continue Reading
Bitfinex and Tether have acknowledged the judge’s decision not to dismiss their case due to a claimed lack of jurisdiction in New York but plan to appeal. Bitfinex and Tether have replied to Judge Joel Cohen’s recent ruling in the New York Attorney General (NYAG) ongoing case against companies. Cohen dismissed Bitfinex’s motion to throw […]
Continue Reading
The 25 largest crypto markets comprise roughly 94.40% of the capitalization of the combined market cap. With Bitcoin regaining market dominance of over two-thirds of the entire combined cryptocurrency capitalization, discussions regarding market share of prominent altcoins have largely left the dominant cryptocurrency discourse. Here is a different outlook on the market and on how […]
Continue Reading
The crypto market is seeing mixed movement but Ether price and Bitcoin price are among those in the green. Friday, Aug. 16 — Bitcoin (BTC) and Ether (ETH) are seeing some upward movement as XRP continues to slump. Market visualization. Source: Coin360 Bitcoin is trading at $10,480 at press time, representing a 4.58% price increase […]
Continue Reading
Bitcoin has fallen to $10,000, the latest low in an ongoing slump this week. Despite exceeding $12,000 several times this month, Bitcoin (BTC) has slumped back to $10,000 in a recent downtrend. The number one cryptocurrency last traded below $10,000 on July 31. A little earlier this month, experts were optimistic about Bitcoin continuing its […]
Continue Reading
Cryptocurrency holders that will not reply are subject to account examination by the United States Internal Revenue Service. Last month, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The IRS has begun sending letters to taxpayers with digital currency transactions that potentially failed to report […]
Continue Reading
The upcoming crypto derivatives platform Blade has raised over $4 million from Coinbase and SV Angel, among others. A soon-to-launch cryptocurrency derivatives exchange has raised $4.3 million from major investors such as the cryptocurrency platform Coinbase and the investment firm SV Angel. The exchange Blade is scheduled to launch in three weeks’ time. Blade’s funding […]
Continue Reading
A prominent analyst believes Tether issuance and market cap are pretty good indicators of where Bitcoin price is headed. Bitcoin price charting on a longer timeframe, market structure and the issuance of 1 billion Tether so far this year are making crypto and equities analyst FilbFilb incredibly bullish on BTC/USD in the run up to […]
Continue Reading