Coinbase Now Supports Stellar and Chainlink Cryptocurrencies in New York

Cryptocurrency exchange Coinbase has announced that New York residents now have access to two cryptocurrencies launched for other jurisdictions months ago. In two tweets late on Wednesday, the exchange said customers based in New York state can now hold, buy, sell, send and receive both Stellar lumens (XLM) and Chainlink’s LINK token. The cryptos will now […]

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Bitcoin’s $780 Price Recovery Makes Friday’s Close Pivotal

View Bitcoin created a bullish hammer candle yesterday, making today’s UTC close pivotal. A close above $10,380 (candle’s high) will likely invite stronger buying pressure and yield a rise toward $11,000. A high-volume move above $10,822 would confirm a triangle breakout on the daily chart and signal a resumption of the rally from $4,000. Prices […]

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CME Seeks to Double Monthly Bitcoin Futures Open Position Limit to 10K BTC

The Chicago Mercantile Exchange (CME Group) wants to let bitcoin futures traders hold a greater number of open positions at one time. CME announced its intention to increase in the so-called spot month position limit for its bitcoin futures contracts in a letter to the U.S. Commodity Futures Trading Commission (CFTC) Thursday. The limit would […]

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Bitcoin Teeters on $10K, But Can It Fend Off Another Bear?

Bitcoin’s recent market movements have thrown into contention consensus about its short-term price direction, with traders asking openly if demand is strong enough to fend off another bear market. Such a question has emerged in the wake of the world’s largest cryptocurrency’s inability to set new highs above those seen in June and July, when optimism […]

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A Big Four Audit Firm Lost $1 Million In Bitcoin. Victims Are Losing Patience

The Takeaway: QuadrigaCX’s former users are running out of patience with Miller Thomson and EY, the court-appointed companies tasked with recovering their missing funds. The users want more transparency into EY’s investigation of Quadriga’s missing funds, as well as a better understanding of how the audit firm accidentally lost 103 bitcoin earlier this year. Some […]

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SBI Holdings’ Crypto Exchange Adopts New Tech to Help Meet FATF Standards

VC Trade, the Japan-based crypto exchange launched by SBI Holdings last year, is integrating new technology to help it comply with international customer verification standards issued by the Financial Action Task Force (FATF) in June. The solution is provided by blockchain security company CoolBitX, which has developed a wallet product based on its know-your-customer (KYC) and […]

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Golden Cross Provides Glimmer of Hope for Bitcoin Price Revival

View Bitcoin’s three-day chart is reporting a golden cross, a long-term bull market indicator, for the first time since February 2016. A similar crossover seen six months ahead of the August 2016 mining reward halving paved way for a mega bull run. History may repeat itself with mining reward halving due in less than 12 […]

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Bitcoin Faces Sub-$9K Price Move as Bear Trend Strengthens

View Bitcoin dipped to $9,111 over the weekend, forming a bearish candle, despite a quick bounce back above $9,600. For the sixth day in a row, prices continue to trend below the 50-period moving average – an indication the bears firmly control the short-term trend. The daily and weekly RSI and the “awesome” oscillator are […]

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Crypto Exchanges Are Benefiting from Algorithmic Trading: Here’s How

Matthew Trudeau is chief strategy officer at crypto asset exchange ErisX. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in crypto assets. Sign up here. Recently CoinDesk published an article titled, ‘High Frequency Trading is Newest Battle Ground in Crypto […]

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