Please share if you find this article interesting. Gatecoin Crypto Exchange to Shut Down on Court’s Orders Hong Kong-based cryptocurrency exchange Gatecoin will shut down and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute with a former payment services provider. Announced yesterday, the company distributed the message to customers via their corporate website. There, the team behind the project explained the suspension of the service occurred after months of battling to stay afloat, and ultimately, a court order to wind-up and cease operations immediately. In its public statement, the company blamed its prior payment service provider (PSP) for this situation. The exchange said it began having issues with banking services in September 2018, after
Please share if you find this article interesting. Cboe Puts Breaks on Bitcoin Futures Listing Cboe Futures Exchange (CFE) is putting its bitcoin futures market on hold. The unit of Cboe Global Markets said Thursday that it would not add a new bitcoin futures market for March, citing a need to review how it approaches the space. “CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019,” the futures exchange said in a notice to traders Thursday afternoon, adding: “CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading.” However, Cboe said currently listed bitcoin fut
Please share if you find this article interesting. MakerDAO Weighs Fourth Fee Hike as DAI Stablecoin Remains Below $1 Investors and developers who contribute to the ethereum-based programmatic lending protocol MakerDAO are debating a fourth increase to the amount charged to users of its U.S. dollar-pegged stablecoin DAI. As a result of persistent imbalances in the token’s supply and demand since February, DAI has been trading below $1 on exchanges – hitting lows of $0.96 on major cryptocurrency exchange platforms such as Coinbase. Issued via an open-source software, DAI uses what is known as a“Stability Fee” that charges an outstanding fee proportional to the amount of DAI being returned by the user. The fee can be paid in either MKR tokens or DAI. Holders of MKR, however, also p
Please share if you find this article interesting. Bitcoin Trades Flat While Altcoins Tease Bull Breakout View Bitcoin is lacking clear directional bias for a ninth straight day, neutralizing the bullish view put forward by a long-tailed doji candle created on Feb. 27. As a result, a return to levels below $3,700 cannot be ruled out. A UTC close above the March 9 high of $3,950 would revive the short-term bullish outlook and possibly yield a rally toward the recent high of $4,190. While a few alternative cryptocurrencies (altcoins) have recently witnessed a longer-term bull reversal, the altcoin market as a whole is yet to exit the bear market. That could be about to change, though, as there are growing signs of seller exhaustion. A bull breakout in the altcoin market would be co...
Please share if you find this article interesting. Crypto Mogul Moshe Hogeg’s ICOs Have Unusual Patterns, Analysis Finds Best-known internationally as the chief executive of the blockchain smartphone startup Sirin Labs, Moshe Hogeg is becoming known for something else in Israel – mounting lawsuits. As reported extensively by regional news outlets, a lawsuit filed in January claims Hogeg misappropriated funds from the sale of new cryptocurrencies for both his own gain and to benefit his investment portfolio, including Sirin Labs. The judge has reportedly given Hogeg until March 15 to settle with the plaintiff, Chinese investor Zhewen Hu. This follows an earlier case involving Hogeg’s company Invest.com that has since been settled. Specifically, in the case of the ICO for the start
Please share if you find this article interesting. A Blockchain to Connect All Blockchains, Cosmos Is Now Officially Live Cosmos, a highly anticipated blockchain itself designed to improve the interoperability between any number of other blockchains, has officially released a live software. With the mining of its first block at 23:00 UTC, the project has launched Cosmos Hub, the first in a series of proof-of-stake (PoS) blockchains intended to make up the Cosmos ecosystem. At present, users of the network will not be able to swap tokens between blockchains or otherwise connect to Cosmos Hub with existing blockchain networks until validators officially vote to activate what is called the Inter-Blockchain Communication (IBC) protocol. The first phase of today’s Cosmos network launc
Please share if you find this article interesting. Bitcoin Price Trapped in Key Make-or-Break Trading Range View Bitcoin is trapped in a trading range defined by the 200-week simple moving average and the 200- week exponential moving average, currently at $3,404 and $4,106, respectively. Therefore, the outlook as per the weekly chart is neutral. A weekly close (Sunday, UTC) above $4,106 would confirm a longer-term bearish-to-bullish trend change and could fuel a rally toward $5,000. A weekly close (Sunday, UTC) below $3,404 could revive the sell-off from November highs above $6,500 and allow a drop to levels below $3,000. The odds of a drop to the lower edge of the trading range would improve if BTC invalidates a bullish candlestick pattern created on Feb. 27 with a move below $3...
Please share if you find this article interesting. Coinbase.com Users Can Now Send Crypto Directly to Firm’s Wallet App Coinbase has launched a new feature allowing user to directly transfer cryptocurrency holdings on Coinbase.com to accounts in the firm’s Wallet app. The San Francisco-based cryptocurrency exchange announced the news in a blog post on Tuesday, saying that users will be able to link their accounts once the app gets updated in the “next few days.” “Once your Coinbase account is linked, you can easily transfer crypto to your Wallet app with just a couple of clicks, anytime you need it,” the exchange said. Coinbase explained that with the Coinbase.com account, users can buy cryptocurrencies and the exchange itself stores the keys centrally. However, with the Wallet a
Please share if you find this article interesting. It’s Getting Harder to Send Bitcoin’s Lightning Torch – Here’s Why An experiment designed to push the boundaries of crypto payments, bitcoin’s “Lightning Torch” has so far grown from a single transaction worth less than one-thousandth of a cent to a global game whose users have included Twitter CEO Jack Dorsey and LinkedIn founder Reid Hoffman. But in the process of passing the Lightning Torch from one person to another, each recipient adding value each time, users have brought to light a lesser-known problem with the lightning network itself. The problem is that when some users try to retrieve the torch, they find out they can’t. “#LNTrustChain was designed as a social experiment – but due to overwhelming success, it turned into
Please share if you find this article interesting. IBM Quietly Enters Crypto Custody Market With Tech Designed for Banks IBM is coming to the crypto custody space. Later this month, Shuttle Holdings, a New York investment firm, will launch the beta version of a custody solution for digital assets built on IBM’s private cloud and encryption technologies. The companies won’t be storing cryptocurrencies and tokens themselves, but offering tools for others to do so. Potential users include banks, brokers, custodians, funds, family offices and high net worth investors who want to do self-custody, as well as exchanges, Brad Chun, Shuttle’s chief investment officer, told CoinDesk. “We have a list of selected clients that we are launching limited service with this month,” Chun said. The