Please share if you find this article interesting. South Korean Investors To Buy Crypto Exchange Bitstamp For $400 Mln, Sources Report Cryptocurrency exchange Bitstamp is reportedly about to be sold to South Korean investors for a sum of around $400 mln dollars, according New York Times finance and tech journalist Nathaniel Popper’s tweet from yesterday, March 22. Sources familiar with the matter have also confirmed the information in the tweet to Cointelegraph today, March 23. Along with all the other news about virtual currency exchanges, I've heard from numerous sources that one of the oldest exchanges, Bitstamp, is in the final stages of being sold to South Korean investors for ~$400m. Neither the exchange nor the buyers are commenting. — Nathaniel Popper (@nathanielpopper)
Please share if you find this article interesting. USPS Files Patent To Use Blockchain Tech In User Identity Verification The United States Postal Service (USPS) had filed a patent last September for a system with public and private keys and a “block chain [sic] component” for authenticating user information, according to a patent filing released yesterday, March 22, by the the US Patent and Trademark Office. The patent, titled “Methods and Systems for a Digital Trust Architecture,” notes that users today cannot always be sure that online transactions are secure and trustworthy: “As more of life's daily interactions move to online activities, it is apparent that the tools that provide trust to the users are lacking in their ability to adequately provide a desired level of securi
Please share if you find this article interesting. Yahoo! Japan Plans To Launch Crypto Exchange In 2019 After $19 Мln Buyout, Report Says The Japanese arm of internet giant Yahoo! will open a cryptocurrency exchange “in April 2019 or later” local media Nikkei Asian Review reports today, March 23. According to Nikkei Asian Review, Yahoo! Japan will buy 40% of BitARG Exchange Tokyo next month, and immediately dispatch executives to lay the foundations for the exchange to launch a year later. “The purchase of BitARG shares will be made through Tokyo's YJFX, a wholly owned Yahoo subsidiary that operates foreign exchange transaction services,” the publication reports, adding that the 40% stake will cost the company 2 bln yen ($19 mln). The move by Yahoo! brings a further big name to J
Please share if you find this article interesting. ICON to EOS: 3 Cryptos Are Leading the Market Recovery The cryptocurrency markets regained some poise in the week ending March 23, with several individual tokens making more notable gains. Overall, the total market capitalization of all cryptocurrencies clocked a weekly high of $356 billion on March 21, and was last seen at $345 billion - up 29 percent from the low of $275 billion see on March 18. The recovery could be attributed to bitcoin's (BTC) 24 percent rise to $9,160 from the weekly low of $7,335, as well as more positive general news flow. As of writing, BTC is trading at $8,547, meaning the cryptocurrency has appreciated by a meager 2.5 percent on a weekly basis. Once again, small-cap names like ICON's ICX token, EOS, an...
Please share if you find this article interesting. Major Crypto Exchange Binance To Open Office In Malta After Japanese Regulator Warning Major cryptocurrency exchange Binance has announced that it will be opening an office in Malta in the wake of yesterday’s news that Japanese regulators had issued a warning to the exchange, Bloomberg reports today, March 23. Hong Kong-based Binance, which is the number one exchange by 24 hour volume listed on CoinMarketCap, will work with local Malta banks for deposits and withdrawals for a “fiat-to-crypto” exchange. Binance CEO Changpeng Zhao, known in the crypto community as “CZ”, told Bloomberg that he had been invited to Malta by the government in order to look at an upcoming bill “favorable” to crypto businesses: “We are very confident we
Please share if you find this article interesting. Blockchain-Based Commerce Platform Uses AI To Simplify Online Shopping A Blockchain-based commerce platform has bold plans to simplify online shopping, while also offering meaningful rewards for loyalty and helping consumers turn their households into businesses by keeping their item inventories and suggesting them when to sell second-hand goods. With even the savviest shoppers struggling to track down the best deals, Eligma believes its AI-driven system will help people save precious time in their quest for the perfect product. Simultaneously, the company is determined to make cryptocurrencies easier to spend by encouraging consumers to use this payment method even if their chosen online store hasn’t adopted it yet. Eligma’s tec
Please share if you find this article interesting. $8K? Bitcoin Under Pressure After Rejection at Key Hurdle Bitcoin's (BTC) retreat from the 200-day moving average gathered pace in the last 24 hours, suggesting scope for a drop to $8,000. The cryptocurrency created a small doji candle at the moving average resistance on Wednesday, signaling indecision among the bulls, Bitfinex data shows. Prices then fell below the key support of $8,752 at 09:00 UTC yesterday, opening the doors for a deeper pullback. Accordingly, BTC hit a low of $8,333 on Bitfinex earlier today and was last seen at $8,465. Meanwhile, CoinDesk's Bitcoin Price Index (BPI), which represents the average of BTC prices on the world's leading exchanges, is seen at $8,471 - down 2.77 percent from the previous day's clo...
Please share if you find this article interesting. Cardano Price Technical Analysis – ADA/USD Bearish Below $0.20 Key Highlights ADA price faced a strong selling interest near $0.2240 and declined against the US Dollar (tethered). There was a break below a crucial ascending channel with support at $0.2060 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently holding the $0.180 support level, but it remains at a risk of more declines. Cardano price is showing a few bearish signs against the US Dollar and Bitcoin. ADA/USD could continue to move down if it breaks the $0.1800 support level Cardano Price Downside Break There was a decent upside earlier this week above $0.1800 level in ADA price against the US Dollar. The price traded above the $0.2000
Please share if you find this article interesting. Ripple Price Technical Analysis – Can XRP/USD Hold $0.6100? Key Highlights Ripple price failed to rise further and started a downside move from the $0.7246 high against the US dollar. There is a major bearish trend line forming with resistance near $0.6850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading just above the $0.6100 support and it remains at a risk of more losses. Ripple price is under short-term pressure against the US Dollar and Bitcoin. XRP/USD must stay above the $0.6100 support to avoid further declines in the near term. Ripple Price Decline After trading above the $0.7000 level, Ripple price failed to hold gains against the US Dollar. The price started a downside mo
Please share if you find this article interesting. WSJ: SEC To Examine Up To 100 Crypto-Related Hedge Funds The US Securities and Exchange Commission (SEC) is preparing to examine up to 100 hedge funds that deal with cryptocurrencies, a person familiar with the matter told WSJ March 22. The initiative is separate from the dozens of cryptocurrency probes, which mainly target companies the SEC suspects of running afoul of securities laws via Initial Coin Offerings (ICO). While examiners will report any suspicious activity uncovered in the course of their examinations, the main purpose of the initiative is to inform how the commission’s policies should address cryptocurrencies, the source told WSJ. Marc Elovitz, a partner at Schulte Roth & Zabel LLP, a firm which advises hedge funds