|Day's Range||10,278.311 - 10,796.17|
|52 Week Range||3,271.7600 - 12,117.3047|
BitMEX, the Seychelles-based cryptocurrency derivatives trading platform, is closing off its platform to three jurisdictions, the firm announced Monday. According to BitMEX, to ensure the safety of its users' funds and the stability of its platform the firm has decided to restrict users based in Seychelles, Hong Kong, and Bermuda from accessing its services.The post BitMEX extends access restrictions to 3 new jurisdictions appeared first on The Block.
Fidelity Charitable, the financial services giant’s charity unit, is now accepting XRP, the world’s third-largest cryptocurrency, for donations. Until now, the unit accepted only four cryptocurrencies - bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC), having launched the form of donation back in 2015, according to an announcement shared with The Block late […]The post Fidelity’s charity unit includes XRP to its list of accepted cryptos for donation; hits $100 million-mark appeared first on The Block.
At the time of writing, Bitcoin (BTC) is trading just above $10,700 after a swift $300 pump this morning. Overall, price has dropped about 6% since last Monday. Bitcoin had been moving steadily upwards in early August, with price pumping from $9,500 and powering through the $10,000 and $11,000 levels with relative ease. However, after this initial pump, Bitcoin eventually dropped back to $9,750 last week. Right now, it seems we're in the middle of an upwards consolidation period, as BTC has been experiencing higher lows since the mid-August drop. Will price recover back to $13,000 and above? As you can see from the chart above, BTC is now back above its 20-day EMA after price bounced off the 100-dayThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
Japan's equivalent to Amazon, e-commerce giant Rakuten, has publicly launched its cryptocurrency exchange, Rakuten Wallet. Announcing the news on Monday, the company said that users can start spot trading in three cryptocurrencies - bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) - via a mobile app.The post E-commerce giant Rakuten publicly launches crypto exchange; currently supports BTC, ETH and BCH appeared first on The Block.
The majors are struggling early as a late Sunday pullback continued into the early hours. Bitcoin could deliver much-needed support.
The Shenzhen Special Economic Zone will now support the inclusion of digital currency research, according to China's state media Xinhua.The post Digital currency research added to scope of China's Shenzhen Special Economic Zone appeared first on The Block.
A mixed morning tests investor resolve as Bitcoin looks to avoid another heavy loss to limit the downside for the week. The bulls need $10,250.
Brace yourselves, good people…The "real" Satoshi Nakamoto could be about to reveal himself as the true inventor of Bitcoin. A company called Satoshi Nakamoto Renaissance Holdings is claiming that this will happen in three instalments, starting today. It will include his real name, why he hasn't moved any of his 980,000 Bitcoin, country of origin, and his plans for "a Bitcoin renaissance". A press release states that Nakamoto will also "illustrate the role that cyphers and encryption related to his devotion to Chaldean numerology played in many decisions in his creation of Bitcoin". "Nakamoto also will disclose why he chose the date 18th August not only to register bitcoin.org in 2008, but also to release Part I of “My Reveal” onThe post Is the real Satoshi Nakamoto about to stand up? appeared first on Coin Rivet.
It’s another bearish start to the day for the majors. Heavy losses in the current week could test investor sentiment if key levels are not hit later this morning.
Silvergate Capital Corporation, the holding company of startup-friendly Silvergate Bank, recently posted an updated S1 on August 15 in preparation for its upcoming IPO.The post Silvergate Bank plans to offer loans to crypto companies appeared first on The Block.
China’s claim that its cryptocurrency rival to Bitcoin is almost ready for launch has been branded as nonsense by some of the region’s crypto observers. Earlier this week, the deputy director of the People’s Bank of China (PBC) – Mu Changchun – hinted at an event in Beijing that the cryptocurrency was “very close to being out” and that the bank itself would be the issuer of the digital asset. In a Coin Rivet article for the Daily Express, it was reported that the Chinese government has been working on the project on-and-off for nearly five years, despite publicly eschewing Bitcoin and other global cryptocurrencies. The crypto narrative from the political corridors of Beijing has been ramped up in recentThe post Doubts hang over China’s Bitcoin rival boast appeared first on Coin Rivet.
Today the price of Bitcoin is US$$9,918.19; Ethereum is US$182.00; XRP is US$0.260172; Bitcoin Cash is US$303.94 and Litecoin is US$73.65. These are the Top 5 cryptocurrencies by market capitalisation. About the Top 5 cryptocurrencies The top 5 cryptocurrencies are the biggest and most significant cryptocurrencies and constitute the top half of The Top 10 Cryptocurrencies by market capitalisation. Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relyingThe post The Top 5 cryptocurrencies latest price appeared first on Coin Rivet.
The U.S. entity of the world’s largest cryptocurrency exchange Binance, is expected to go live before November, but won’t serve New York residents initially.The post Binance US could go live before November, but won’t serve NY residents initially appeared first on The Block.
Coinbase has acquired Xapo's institutional custody business for $55 million, completing a deal that The Block first reported was ongoing in May.The post Coinbase has sealed the acquisition of Xapo's institutional custody service for $55 million appeared first on The Block.
Coinmine, a consumer-facing cryptocurrency mining startup, has raised a fresh new round of funding, according to a statement released on Thursday.The post Coinmine raises $2.5M in seed funding for its plug-and-play mining device appeared first on The Block.
At Weiss Ratings, each crypto we rate gets an overall Weiss Crypto Rating. 1. Our Technology Model evaluates each cryptocurrency’s potential to achieve a variety of goals: High transaction speeds and other scaling solutions, decentralization, energy efficiency, sophistication of monetary policy, governance capabilities, flexibility to upgrade and others. 2. Our Adoption Model determines the degree to which each crypto has achieved those goals in the real world — in terms of network security, network capacity, speed, scalability, market penetration, decentralization, developer participation, public acceptance plus a host of other factors.
In late 2018, Square Inc (NYSE:SQ) saw its surging stock get flattened, falling over 35% from its all-time high of $101.15. Like many growth stocks, SQ stock bottomed out in December. However, despite delivering a favorable earnings report, the company's stock has still found resistance at the $80 mark.Source: Shutterstock After a second-quarter earnings report, in which the company beat expectations for both revenue and EPS, the stock suffered a sharp sell-off. So What's the Story With Square?One reason for SQ stock's selloff was their announcement that it would sell off Caviar -- its successful food service business unit. Depending on how you do the math, Square either sold Caviar for a tremendous profit, or a tremendous loss, but that's just money.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis deal gives Square the opportunity to reach more customers. Because of Caviar, Square now processes about 25% of their revenue via food service. And the sale of Caviar integrates Square with DoorDash.The bottom line for Square is that Caviar never seemed like a business they were in for the long haul. How Is Square Expanding Its Ecosystem?Despite selling off Caviar, Square is still very interested in expanding its reach beyond traditional payment processing.The payment processing sector is becoming crowded. Competition will continue to increase as bigger companies seek to enter the space. Square is addressing this issue by building out add-on services such as inventory management, shipping, payroll and lending to make the cost of switching become higher for their existing customers.This is consistent with Square's stated desire to offer services that will allow them to compete with traditional banks. However, one of the most intriguing elements of Stock's strategy to differentiate themselves from an increasingly competitive field has been their embrace of cryptocurrency, in particular bitcoin. Square Is Making a Big Bet on BitcoinAs businesses wrestle with their need to accept bitcoin as a form of payment, Square is clearly trying to establish a leadership position in this space. Investors may struggle to see the role a payment processing company like Square or PayPal (NASDAQ:PYPL) has in the crypto revolution.After all, the whole point of cryptocurrency is its emphasis on security. But as Square's CEO Jack Dorsey said in a 2018 interview, the internet is looking for a native currency to free it from the traditional regulatory and legislative restrictions that can slow down startup companies like Square.The gamble seems to be paying off. In its second-quarter earnings report released on Aug. 1, Square reported its crypto-friendly Cash App made $125 million in revenue from bitcoin, a significant leap from the $65.5 million Square raised from bitcoin in Q1.Not surprisingly, the increase in revenue led to a higher gross profit -- to the tune of $2 million as opposed to $832,000 in Q1.And other companies are taking steps to ensure they have a place at the table. Visa (NYSE:V) and PayPal are actively looking to partner with Facebook on its proposed Libra cryptocurrency. SQ Stock Is Displaying Conflicting FundamentalsA quick review of the fundamentals gives investors a picture of a stock that is sending mixed signals. On the one hand, SQ stock is up nearly 40% from its 52-week low of $49.82. On the other hand, the stock is down over 35% from its 52-week high of $101.15.Square has also seen its consensus rating move from a Buy 30 days ago to a "hold" rating, and has seen its consensus price target dip from $86.80 to $84.69.When you consider that Square is in an increasingly competitive space and has yet to turn a profit, you can understand why investors might be a little concerned about the company's valuation. What Direction Is SQ Stock Headed In?After a favorable earnings report, SQ stock made a move last week that broke a trend of higher highs and higher lows. Some people may worry about how Square will protect its turf while expanding its customer base, particularly after the company abandoned Caviar which was, if nothing else, a cash cow.However, as their Cash App (Square Cash) and other services move it into the individual financial services space, the company has a well-defined ecosystem that gives it the opportunity to reach businesses and customers.In fact, the Cash App has exceeded expectations by growing from $1 million in quarterly revenue to $135 million in quarterly revenue over a three-year period and that doesn't include bitcoin. And with a price target that is setting SQ stock up for a 30% increase from its current level, there looks to be tremendous upside.As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Square Bets Big on Bitcoin appeared first on InvestorPlace.
Fiat-to-crypto exchange Binance Jersey has collaborated with Galaxy Capital-backed institutional trading and portfolio management platform Caspian, aiming to increase trading volumes in Europe.The post Binance Jersey ties up with Galaxy-backed crypto platform, aiming to increase trading volumes in Europe appeared first on The Block.
The current sentiment of the cryptocurrency market is showing “extreme fear,” according to Crypto Fear & Greed Index by data platform Alternative.me.The post Bitcoin investors suddenly exhibit ‘extreme fear,’ similar to Dec. 2018 situation appeared first on The Block.
Mark Cuban's Dallas Mavericks will support bitcoins as a method of payment, the NBA team announced via a press release on Tuesday.The post Dallas Mavericks to accept bitcoin as payment appeared first on The Block.