Professional Journalist and Writer focused on Cryptocurrency/Blockchain/Security Tokens/Foreign Exchange (Forex)/Stock Market & More
Stop Waiting for Altcoin Season, Arca’s Jeff Dorman Says
The altcoin season might never come again to repeat a 2017-ish rally at the expense of Bitcoin, according to Jeff Dorman, chief investment officer at blockchain-oriented asset manager, Arca.
Crypto’s Natural Selection Will Hit Many Altcoins
On Monday, Dorman, who is certified by the CFA Institute, started a thread on Twitter, questioning the grounds for an upcoming “alt season.”
It's time to stop waiting for an "alt season" – that lazy term needs to be retired. The cryp...
Bitpoint Hack: Japan Still Most Affected By Crypto Heists
Japanese cryptocurrency exchange Bitpoint, owned by Remixpoint, halted all operations on Friday, July 12. The exchange lost $32 million worth of cryptocurrency in a hack.
Bitpoint Clients Lose $22.7 Million in Crypto
If there is any country in this world where you should be worried about storing your cryptocurrency, it is Japan.
At the end of May, fintech research firm MEDICI reported that out of $2.71 billion worth of crypto lost in exchange and wallet hacks worldwide ...
Up 55%: NEM (XEM) Defies Crypto Snooze as Week’s Biggest Gainer
By CCN: The crypto market took a breather from its bull run this week, with Bitcoin slightly departing from its recent year-to-date peak. However, NEM has been defying this mini-correction mood to gain over 55 percent since Monday, according to Coinmarketcap data.
Thus, NEM, whose coin is trading under the ticker XEM, has been the best performer of the week among the top 100 coins. On Thursday, it jumped about 50 percent in less than six hours, hitting a daily peak at $0.108, which is the hig...
This Top-20 Crypto Token Surged 50% to Crush the Bitcoin Rally
By CCN: While Bitcoin has commandeered the spotlight following its massive rally, altcoins don’t want to stay entirely aloof from the bullish craze. Ontology (ONT) ranked among the crypto market’s best performers over the past week.
Ontology’s bullish explosion began on May 10, when the cryptocurrency surged from just $0.99 to a high of $1.52 today. Thus, ONT has rallied over 50 percent in less than six days, exceeding Bitcoin’s gain of 33 percent for the same period.
While it is true that On...
Shuttered Indian Bitcoin Exchange Zebpay Breathes New Life in Australia
By CCN: Singapore-based Zebpay, which operated one of the largest cryptocurrency exchanges in India, has recently launched its crypto trading solutions in Australia.
Starting this week, the new service enables Australian clients to buy Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Ripple (XRP), and Litecoin (LTC) with Australian dollars.
With our mission to #SetCryptoFree, we're thrilled to introduce Zebpay in #Australia! Buy and sell #crypto in AUD, on web or on the go, instantly. Download...
SGX Buys Stake in FX Trading Platform BidFX
Singapore Exchange (SGX), an investment holding company and multi-asset bourse, purchased a 20% stake in BidFX, a London-based Forex trading platform operator. The deal cost the Singapore-based firm $25 million, with the possibility to acquire a majority stake at a later date.
SGX Plans to Expand
The rationale behind SGX’s move is to use this strategic investment as part of a broader goal to expand its asset classes. On the other side, BidFX, a subsidiary of New York-based TradingScreen, plan...
Citigroup to Set up Forex Trading Platform in Singapore
US-based bank Citigroup will soon launch an electronic Forex and pricing platform in Singapore, Bloomberg reports, citing a statement released on Monday. Thus, the banking giant will join UBS AG, which currently operates a foreign exchange trading system in the city.
Singapore to Become an Important Center For Citi
Citi’s move will contribute to higher liquidity in Singapore, Asia’s largest Forex hub. After the launch, Singapore will become the fourth Forex trading center for the US bank, whi...
Does Ripple Have Potential to Overtake SWIFT?
Ripple is one of the few cryptocurrencies that came off quite well after the recent cryptocurrency market crash, though it also recorded significant losses. Nonetheless, XRP became the second largest coin by market capitalization, surpassing Ethereum again. Ripple’s Blockchain network is expanding, with several new partnerships reached this week. In fact, the company looks so confident that CEO Brad Garlinghouse said that Ripple would sooner or later overtake the SWIFT network, which is curre...
$30M Building in Manhattan is Getting Tokenized on Ethereum
A luxury building in Manhattan will be sold to investors through security tokens, as two companies, Propellr and Fluidity, are now tokenizing it on Ethereum.
Coinbase Launches VISA Debit Card in UK, Adds EOS, MKR And REP
Coinbase, the largest cryptocurrency exchange in the US, announced on Wednesday the launch of a VISA debit card that enables UK residents to use their coins stored with the exchange in daily transactions, including paying online or in-store. Thus, users can easily buy goods and services with Bitcoin, Ethereum, and other digital coins, which can contribute to the wider adoption of cryptocurrency as a means of payment.
Coinbase Card Can be Used Worldwide
While the Coinbase Card is available in ...
Winklevoss Bitcoin ETF Proposal Gets Another SEC Refusal, Crypto Market is in Red
The US securities watchdog rejected for the second time a proposal by CBOE’s Bats BZX Exchange to list a Bitcoin ETF devised by the Winklevoss twins. The crypto market swung back into the red after a several day upbeat sentiment.
Peugeot And Fiat Parents Negotiate Joint Venture in Europe
Last month, Robert Peugeot, CEO of FFP – an investment firm and one of the three main shareholders in Peugeot SA, told the French media that he would back a new deal and hinted to Fiat Chrysler (FCA) as the most reasonable option. The rumours of a possible merger or partnership still continue this week, even though Fiat declined to comment. Last week, people familiar with the matter told Bloomberg that the two car makers were exploring a possible joint venture in Europe.
Will Peugeot And Fiat...
New EU Copyright Directive to Affect Google, Facebook
On Tuesday, the European Parliament passed a new copyright directive that might have a negative impact on tech giants like Google and Facebook. The law aims to support artists and publishers to have control over their work and monetise it. On the other side, critics say that the new rules will harm creativity.
YouTube And Google News Might Work Differently
The first reading of the new law was passed in Strasbourg, but it still has to go through the review of the Council of Europe. Lawmakers h...
JPMorgan Launches Own Digital Coin
Less than a month ago, US banking giant JPMorgan published a report on cryptocurrencies and blockchain. The analysts concluded that the value of Bitcoin and similar digital currencies was unproven. Moreover, the banks said in its report that there had been much hype around blockchain – the technology underpinning cryptocurrencies. However, a few weeks later JPMorgan is taking the markets by surprise – it announces the launch of its own digital coin in an attempt to transform payments. JPM Coi...
Bitcoin a Fraud? Jamie Dimon is Deceiving Everyone
In mid-September, Jamie Dimon termed Bitcoin a “fraud” at an investment conference and added that his company was ready to fire anyone who traded it. His comments made all the headlines, triggering many supportive and contrarian remarks. We think it’s time to stress our position as well.