Please share if you find this article interesting. Japan: Nomura Bank Announces Crypto Custody Solution For Institutional Investors Japan-based global investment bank Nomura has announced a venture to establish a custody offering for digital assets, Cointelegraph Japan reports today, May 16. The new project aims at removing barriers to institutional investment in the crypto space. Nomura’s joint venture will be conducted in partnership with digital asset security company Ledger and investment house Global Advisors, according to reports. The partners allege that a shortage of robust and legally regulated “safekeeping solutions” is currently preventing traditional asset managers from building investment vehicles in the crypto ecosystem, emphasizing that overcoming custody and secur
Please share if you find this article interesting. Bitcoin in Brief Wednesday: Coinbase Goes After Big Money as Nomura Creates Komainu - Bitcoin News The Daily The rush of big money into the cryptocurrency market is continuing at full pace and reshaping the global investment landscape. Two recent examples are Coinbase’s new institutional focus and Nomura’s new venture. These stories, and much more, are in today’s edition of Bitcoin in Brief. Also Read: NY Regulator Approves Bitcoin Cash, Zcash and Litecoin Trading Coinbase Goes After Big Money Coinbase, the San Francisco-based cryptocurrency exchange recently valued at $8 billion, has announced a new suite of services meant to attract more big money players such as the many new crypto hedge funds that pop up all the time. It
Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Made Sharp U-Turn Key PointsBitcoin price failed to capitalize above $8,800 level and declined sharply against the US Dollar.BTC/USD broke this week’s ascending channel with support at $8,500 on the hourly chart (data feed from Kraken).The pair settled below a key support at $8,400 and the 100 hourly simple moving average.Bitcoin price made a sharp U-turn from $8,800 against the US Dollar. BTC/USD is now trading well below $8,500 with a few bearish signs.Bitcoin Price AnalysisThe past two days were mostly positive for bitcoin price above the $8,600 support against the US Dollar. However, the price failed to move above the $8,800 resistance area. Buyers struggled to place the price above $8,800, which
Please share if you find this article interesting. PR: Essentia Opens KYC Verification Ahead of Public Sale - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Essentia, the decentralized protocol framework, has just announced details of its public token sale following the completion of their successful pre-sale. Essentia has implemented KYC/AML verification ahead of the public sale so participants wishing to contribute to the token generation event must follow the verification procedure Essentia has outlined in d...
Please share if you find this article interesting. Circle Raises $110Mn With Plans to Launch USD-Backed Coin - Bitcoin News News The cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Circle Raises $110Mn — Plans to Launch Stablecoin Circle has big plans ahead for its latest mobile project called ‘Centre’ while also revealing its plans to create a stable coin much like the currency Tether (USDT). Furthermore, the firm has raise
Please share if you find this article interesting. Cardano Price Analysis: ADA/USD Could Revisit $0.2200 Key HighlightsADA price failed to move above the $0.2800 resistance and declined against the US Dollar (tethered).There was a break below an important bullish trend line with support at $0.2650 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair remains at a risk of more losses towards the $0.2300 and $0.2200 support levels.Cardano price declined substantially against the US Dollar and Bitcoin. ADA/USD is likely to decline further towards the next major support at $0.2200.Cardano Price AnalysisThere was no upside break above the $0.2800 and $0.2820 resistance levels in ADA price against the US Dollar. The price started a downside move and declined below th...
Please share if you find this article interesting. Japan's GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips - Bitcoin News Mining Japanese internet giant GMO has updated its plans to manufacture and sell its 7nm bitcoin mining chips as well as for its own mining operations. Interested customers will soon be able to reserve some of these chips. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space GMO Readies 7nm Mining Chips Japanese conglomerate GMO Internet Group published its first quarter results for the fiscal year 2018 last week. During the earnings results presentation, the company outlined its plans for the sale of its long-awaited 7nm bitcoin mining chips. GMO is building two versions of the chip, dubbed V1 and V2. The former is the initial prototy
Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Turned Short-term Bearish Key HighlightsRipple price failed to move above the $0.7500 resistance area and declined against the US dollar.There was a break below this week’s ascending channel with support at $0.7200 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair declined below the $0.7000 support and moved back in a bearish zone.Ripple price traded below key supports against the US Dollar and Bitcoin. XRP/USD is now back in a short-term bearish trend below the $0.7000 support.Ripple Price TrendThis week, we discussed about a major resistance near $0.7500 in Ripple price against the US Dollar. The price struggled to move above the $0.7450 and $0.7500 resistance levels. As a
Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Nosedives Below $690 Key HighlightsETH price started a sharp downside move and traded below the $700 and $690 supports against the US Dollar.This week’s highlighted key bullish trend line with support at $725 was broken on the hourly chart of ETH/USD (data feed via Kraken).The pair is now back in a short-term bearish zone and it could retest the $660 support.Ethereum price nosedived against the US Dollar and Bitcoin. ETH/USD is currently trading well below the $700 level and it moved into a bearish zone.Ethereum Price DeclineThere was no upside break above the $742 resistance in ETH price against the US Dollar. The price started a sharp downside move and declined below the $730, $720 and $710 supp
Please share if you find this article interesting. Bitcoin Price Watch: Weak Support Zone Just Close By Bitcoin Price Key HighlightsBitcoin price continues to slide and is cruising inside a descending channel on the 1-hour chart.Price is approaching the bottom of this channel but it might not be strong enough to keep losses at bay.Oscillators are hinting at a bounce but moving averages suggest a break.Bitcoin price could be due for a test of the descending channel bottom, which might still give way if bears stay strong.Technical Indicators SignalsThe 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is still to the downside. In other words, the selloff is more likely to resume than to reverse. The 100 SMA is also in line with the channel resista...