Exchanges

Coronavirus & Bitcoin Price: Is China Losing Its BTC Mining Monopoly?

Source Node: https://cointelegraph.com/news/coronavirus-bitcoin-price-is-china-losing-its-btc-mining-monopoly
Time Stamp: April 3, 2020 7:44 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12.Cryptocurrency market performance. Source: Coin360The drop had several consequences on the Bitcoin network. Having reached the $3,800 price range, the accentuated drop forced some Bitcoin miners to throw in the towel and shut down their operations due to mining becoming unprofitable.As miners have

IOTA Set for More Exposure on U.S Exchanges After New 2.0 CRC Rating

Source Node: https://coinfomania.com/iota-set-for-listing-on-u-s-exchanges-crc-rating/?utm_source=rss&utm_medium=rss&utm_campaign=iota-set-for-listing-on-u-s-exchanges-crc-rating
Time Stamp: April 3, 2020 6:10 PM - Modified On: May 21, 2021 - Published By:
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IOTA (MIOTA), the native token of the distributed ledger technology project led by the IOTA Foundation, could potentially be listed on more cryptocurrency exchanges in the United States in the coming weeks, Coinfomania has learned. The anticipated listing spree, which has already begun with a Bittrex Exchange listing earlier today, follows a recent rating report published by the Crypto Rating Council (CRC) on IOTA. The digital asset has until now been sparsely traded on U.S exchanges. The reason is that its properties and mode of initial distribution (a token sale)

Malaysian Securities Regulator Approves Crypto Trading Platform

Source Node: https://cointelegraph.com/news/malaysian-securities-regulator-approves-crypto-trading-platform
Time Stamp: April 3, 2020 3:22 PM - Modified On: May 21, 2021 - Published By:
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Following a nine-month-long probationary period, Malaysia-based cryptocurrency trading firm, Tokenize Malaysia, has received full approval from local securities watchdog.With the approval to operate a Digital Assets Exchange, the company’s cryptocurrency trading platform, Tokenize Xchange, became legally approved and regulated by the Securities Commission (SC) of Malaysia, local news outlet, SoyaCincau, reported on April 3. The exchange offers fiat-to-digital asset pairings.Malaysian laws require that local cryptocurrency exchanges register with the SC, after which they have up to nine month to achieve compliance with the SC’s regulation standards.Commenting on the development, Hong

Past Halvings in Review: Case for an Immediate Bitcoin Upsurge Is Flawed

Source Node: https://cointelegraph.com/news/past-halvings-in-review-case-for-an-immediate-bitcoin-upsurge-is-flawed
Time Stamp: April 3, 2020 2:15 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does not necessarily coincide with an immediate upsurge in the price of Bitcoin.On the Bitcoin network, miners create blocks that record Bitcoin transactions to essentially verify and confirm payment data using computing power. Through large-scale mining centers filled with ASIC mining chips and sophisticated equipment, miners use a large amount of electricity and have

Amid Widespread Privacy Coin Delistings, Bitstamp Considers Zcash Support

Source Node: https://cointelegraph.com/news/amid-widespread-privacy-coin-delistings-bitstamp-considers-zcash-support
Time Stamp: April 3, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitstamp, one of the longest-running active cryptocurrency exchanges, is considering launching a batch of new crypto asset listings.Curiously, Bitstamp is contemplating support for Zcash (ZEC), despite an increasing number of exchanges seeking to distance themselves from privacy coins due to associated regulatory risks.Bitfinex considers first new listings in 3 yearsOn March 31, Bitstamp announced it is “actively exploring” support for seven crypto assets, including two stablecoins and one privacy coin.The prospective listings comprise Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar Lumens (XLM), Paxos Standard (PAX), 0x (ZRX), USD Coin

As Malta Delays Regulatory Clarity, Fewer Firms Remain on ‘Blockchain Island’

Source Node: https://cointelegraph.com/news/as-malta-delays-regulatory-clarity-fewer-firms-remain-on-blockchain-island
Time Stamp: April 3, 2020 11:31 AM - Modified On: May 21, 2021 - Published By:
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It seems that Malta is becoming both less popular among and less populated with crypto firms. The European Union country attracted dozens of industry players in 2018 on the back of the “blockchain island” agenda championed by the local government, but the relevant framework has not yet proven to be effective. Meanwhile, the official rhetoric apparently started to shift away from the blockchain sector, as the government now aims to consolidate it with “other niche sectors.”Meanwhile, the Malta Financial Services Authority, continues to pluck out non-registered crypto agents — be

Binance Set To Launch Bitcoin Options Amid Many Other Developments

Source Node: https://insidebitcoins.com/news/binance-set-to-launch-bitcoin-options-amid-many-other-developments/256363
Time Stamp: April 3, 2020 8:26 AM - Modified On: May 21, 2021 - Published By:
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There are a few certainties when it comes to reporting within the crypto industry. Binance extending its offerings is one such thing, even amid a global pandemic. It doesn’t happen every day, it might not also occur every week, but Binance will always expand, it seems. The company has established itself as a heavyweight in the industry and doesn’t seem to be keen on letting that title go.Incorporating Options To Its ArsenalAs a testament to this, Binance has announced yet another new development to its service offering, adding Options trading

Bithumb Global Launches Margin Trading for Bitcoin and Ether Pairs with Tether

Source Node: https://cointelegraph.com/news/bithumb-global-launches-margin-trading-for-bitcoin-and-ether-pairs-with-tether
Time Stamp: April 3, 2020 8:20 AM - Modified On: May 21, 2021 - Published By:
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Bithumb Global, the international platform of South Korea’s top crypto exchange, has rolled out margin trading with 5x leverage for Bitcoin (BTC) and Ether (ETH) trading pairs with Tether (USDT).In an announcement published on April 2, the exchange revealed the service would be available on its website and app. It will, however, be restricted for traders living in jurisdictions where margin trading is prohibited or capped — as, for example, with Japan.  Leveraged trading gains traction in the industryMargin trading enables traders to use borrowed funds in order to increase their

Nodle Outgrows Stellar, Begins to Migrate to own Blockchain

Source Node: https://cointelegraph.com/news/nodle-outgrows-stellar-begins-to-migrate-to-own-blockchain
Time Stamp: April 3, 2020 12:52 AM - Modified On: August 29, 2021 - Published By:
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Nodle Network, an IOTA (MIOTA) competitor, is in the process of migrating from Stellar (XLM) to its own blockchain network with the release of the Arcadia testnet.Nodle is a decentralized network provider that specializes in detecting and connecting the internet of things (IoT). It currently connects over five million active nodes with over 92 million detected devices. While Stellar has been able to handle Nodle’s heavy traffic of 1.3 million daily transactions to date, the company believes it needs to deploy its own blockchain to accommodate some of the advanced features

Spanish Tax Watchdog Puts 66,000 Crypto Traders on Notice

Source Node: https://cointelegraph.com/news/spanish-tax-watchdog-puts-66-000-crypto-traders-on-notice
Time Stamp: April 3, 2020 12:26 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

The Spanish tax authority has begun sending out warning notices to 66,000 cryptocurrency holders to remind them of their tax obligations.According to Europa Press, the Agencia Estatal de Administración Tributaria (AEAT) began the campaign on April 1, and will keep firing off letters until June 30 in the midst of the national COVID-19 crisis.The 66,000 notices represents a sharp increase from 2019, the first year of the campaign, when a reported 14,700 notices were sent out. The tax watchdog is also targeting those who earn income abroad and from real estate

Beware! Scammers Are Out for Crypto Amid the Coronavirus Pandemic

Source Node: https://cointelegraph.com/news/beware-scammers-are-out-for-crypto-amid-the-coronavirus-pandemic
Time Stamp: April 2, 2020 3:52 PM - Modified On: August 29, 2021 - Published By:
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As the world continues to battle with the deadly coronavirus pandemic, immoral cybercriminals are once again on the prowl. This time, they are using the chaos and fear through phishing techniques and sophisticated malware hacks to access people’s crypto holdings.On March 27, residents in the United Kingdom received warnings from their local councils “to be on their guard against a series of scams attempting to take advantage of the coronavirus outbreak.” Scammers have been using other tricks to lure victims, including the use of false Bitcoin (BTC) donation channels, fake