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Even though all cryptocurrency markets are suffering from bearish momentum, some worrisome trends are emerging. The Ethereum price, for example, has lost nearly 20% in value over the past 24 hours. Such a steep loss is not entirely surprising, given Bitcoin’s downtrend, yet it seems Ethereum’s reign of being the second-largest cryptocurrency may come to … Read more
In just three years, Robinhood Financial LLC has exploded. It gained traction as a free stock trading smartphone application (app). At the start of this year, they announced incorporation of bitcoin and ether trading, using free trades as a loss leader to gain customers. The model seems to be working, as the Wall Street Journal … Read more
Grayscale Investments has announced the launch of four new single-asset cryptocurrency investment trusts for bitcoin cash, ether, litecoin, and ripple. The company already manages three other single-asset crypto trusts for bitcoin, ethereum classic, and zcash, in addition to a recently-launched crypto large-cap fund. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Grayscale’s … Read more
The Russian Ministry of Finance is drafting a law to criminalize the use of cryptocurrencies as money substitutes. The Bank of Russia and the finance ministry have previously opposed the use of cryptocurrency in this way, citing that only rubles can be used for payments of goods and services in Russia. Also read: Indians Look to … Read more
A South Korean travel website with over 50,000 hotels and other types of accommodation facilities will begin accepting 12 cryptocurrencies, thanks to a partnership between its operator and Bithumb, a major cryptocurrency exchange in Korea. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Pay for 50,000+ Hotels with Crypto One of South Korea’s … Read more
A major network of pawn shops in Ukraine is launching a new lending service with loans secured by cryptocurrency. With over 300 branches, the pawnbroker plans to offer loans based on the type, amount, and price of crypto collaterals. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Pawn Shops Offer Crypto-Secured Loans Founded … Read more
Two Indian crypto token marketplaces have announced that they will halt trading from March 5. The platforms state that this is due to regulatory pressure which put their businesses “under a lot of stress.” Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Two Token Marketplaces Halt Trading Two Indian crypto token marketplaces, Btcxindia … Read more
Cryptocurrency markets are on the rise again this weekend as the total market capitalization of all 1,500 digital assets touches $465Bn. Bitcoin core (BTC) volumes are still lower than a few weeks prior but bulls have managed to press past resistance reaching a high of $11,480 during last night’s trading sessions. Also read: Crowdfire Founders Plan … Read more
The Venezuelan government has made some new claims about the pre-sale of the country’s oil-backed cryptocurrency, the petro. After one week, President Nicolas Maduro said that the petro had raised $3 billion from 171,015 certified purchases, from investors in 127 countries. The majority of the orders were in dollars, followed by bitcoin and ether, according … Read more
There are over 100 companies reportedly waiting for the Japanese Financial Services Agency to approve their registrations to operate cryptocurrency exchanges. While only 16 exchanges are fully licensed in Japan, the agency has allowed another 16 to operate without a license for the time being. However, going forward, only those with sufficient safety and customer … Read more
