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Trading App Robinhood

October 12, 2018 0 0

Robinhood is now in Ohio bringing the number of states that the cryptocurrency and stocks trading app is currently available in to 25. In a tweeted statement, the trading startup indicated that Ohioans can now trade various cryptocurrencies commission-free on the Robinhood app. Some of the cryptocurrencies that the users of the app can trade include bitcoin, […]

Crypto Billionaires Among China’s Wealthiest, Despite Bear Market

October 12, 2018 0 0

There is no question that the entire cryptocurrency sector is in a bear market, with many cryptocurrencies losing over 50% of their value. However, this certainly hasn’t prevented individuals from becoming very wealthy through cryptocurrency-related ventures. Specifically, despite the decrease in market capitalizations of various cryptocurrencies, several Chinese businessmen have landed onto a list of China’s […]

Cryptocurrencies Pose No Risk to Global Financial Stability: International Watchdog

October 12, 2018 0 0

A report published by the Financial Stability Board (FSB) on Wednesday, claimed that cryptocurrencies do not pose a risk to global financial stability at the present time while suggesting crypto markets need to be monitored. The report, which focuses on an assessment of the likely implications of crypto-assets for financial stability is a follow-up on an initial assessment carried out […]

Brazil: XP Investimentos’ Crypto Exchange Won’t Let Users Deposit or Withdraw Bitcoin

October 11, 2018 0 0

The website of XDEX, the cryptocurrency exchange launched by Brazil’s biggest investment firm, XP Investimentos, is already up and accepting pre-registrations. It adds a few details on the crypto exchange, including that users won’t be able to send BTC to and from their personal wallets. The website, first spotted by local news outlet Portal do bitcoin, advertises […]

Newsflash: Bitcoin Price Drops $380; Ethereum, Ripple (XRP) Plunge 9%

October 11, 2018 0 0

Cryptocurrency analysts had predicted that the bitcoin price was about to break away from its $6,550 peg, and those predictions came true early Thursday morning. Unfortunately for investors, though, this movement did not occur to the upside. After briefly making a push toward $6,700 earlier in the week, the bitcoin price was holding steady between $6,550 and $6,600 leading […]

U.S. SEC Gets Tougher with Crackdown on ICO Funded Startups

October 11, 2018 0 0

The U.S. Securities and Exchange Commission (SEC) has intensified efforts to crack down on Initial Coin Offering (ICO) funded startups. The financial regulator who had sent out a number of subpoenas to startups that failed to comply with its rules at the beginning of the year seems to be exerting more pressure on those startups […]

Analyst: Ethereum Sell-Off in August Shows Crypto Has Hit a Bottom in 2018

October 10, 2018 0 0

According to cryptocurrency analyst Eric Thies, the crypto market may have hit a bottom in September as the price of Ethereum (ETH) declined by more than 50 percent. Since delving below the $180 mark, ETH has since recovered to $230, likely due to the demonstration of massively oversold conditions by the market in late September. ETH […]

Venezuelans Must Now Pay Passport Fees with the Government’s Petro Cryptocurrency

October 10, 2018 0 0

Starting next week, Venezuelans will have to pay their passport fees with the petro, the controversial state-supported cryptocurrency that is allegedly backed by oil. This was announced in a press conference on Friday, Oct. 5, by the country’s vice president, Delcy Rodriguez, ahead of the coin’s official launch in November. This follows a similar press release by President […]

EU Watchdog Will Evaluate ‘Every’ ICO for Potential Regulatory Push

October 10, 2018 0 1

The European Securities and Markets Authority (ESMA) is assessing every single ICO operating within its jurisdiction, Reuters reported on Oct. 8. ESMA chair Steven Maijoor — who warned crypto investors in Jan. 2018 that they could potentially lose all of their funds by investing in initial coin offerings (ICOs) — said that he had been observing the current regulations that […]

CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump

October 9, 2018 0 0

The Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years of the Obama […]