Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

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Despite falling prices of cryptocurrencies like Bitcoin and Ether, a few market analysts believe 2018’s extended bear market is a mere price correction, and so-called Bitcoin “obituary” reports are “greatly exaggerated.” Exchange Fees Indicate Market Interest According to a report on Bloomberg, Sanford C. Bernstein & Co. analysts pointed out the massive revenues of cryptocurrency…

Overstock and Galaxy Digital Shares Face Drawback from Crypto Bear Market

Overstock and Galaxy Digital Shares Face Drawback from Crypto Bear Market

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Since the start of 2018, the overall cryptocurrency market has struggled to maintain a recovery from its multi-month downtrend. In accordance with increased selloffs, companies heavily vested in the nascent digital asset class are starting to face drawbacks. Overstock Shares Plummet Despite tZERO Investment Online retail giant Overstock.com Inc. entered the cryptocurrency sector when it…

Ripple Endorses 'Preferred' Crypto Exchanges for XRP Payments

Ripple Endorses 'Preferred' Crypto Exchanges for XRP Payments

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Ripple is recommending three cryptocurrency exchanges as the “preferred partners” for transacting on its xRapid payments platform.

Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

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Jurisdictions with crypto-friendly legislation or comprehensive regulations in place are leading in terms of exchange-based cryptocurrency trading. According to a new study, however, over the counter and P2P exchange is much more popular in developing nations and countries where non-cash payments are still not widely spread. Also read: Crypto Funds Number 466 Despite Trends, Uncertainty…

Facebook's David Marcus Steps Down From Coinbase's Board

Facebook's David Marcus Steps Down From Coinbase's Board

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David Marcus is stepping down from the board of directors at crypto exchange Coinbase, citing his new role at Facebook leading blockchain strategy.

Indian Exchange Zebpay Enables Trueusd (TUSD) Stablecoin Trading

Indian Exchange Zebpay Enables Trueusd (TUSD) Stablecoin Trading

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One of the largest cryptocurrency exchanges in India, Zebpay, has enabled Trueusd (TUSD) trading, deposits and withdrawals. The dollar-pegged stablecoin is offered as an alternative to fiat trading which is problematic under the Indian central bank’s ban. Also Read: The Daily: New Education Centers, Vietnamese Ask for Fraudster’s Extradition Zebpay Enables Trueusd Mumbai-headquartered cryptocurrency exchange…

Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders

Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders

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Anyone getting involved with leveraged trading must assume upon themselves the risks associated with the potentially highly rewarding practice. A recent event should remind traders that, sometimes, even when the trade goes your way, you can still take a hit. Okex socialized one trader’s massive loss on BTC futures with a clawback. Also Read: The…

Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves

Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves

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South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. Meanwhile, all customer deposits at Korbit will now be held by a bank. Also read: Yahoo!…

First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million

First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million

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Crypto mining subscription company Argo Mining debuted on the London Stock Exchange on Friday, garnering more than $32 million through its IPO.

Coinbase Transfers Halted in Venezuela – U.S. Sanctions to Blame?

Coinbase Transfers Halted in Venezuela – U.S. Sanctions to Blame?

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Initially revealed on August 2, 2018, several Venezuelan Coinbase users abruptly lost the ability to withdraw or send cryptocurrency, prompting speculation that the exchange may have its hands tied by US-Venezuela sanctions. Purportedly, Venezuela-based Coinbase users are still able to buy or sell cryptocurrency on the platform but may run into trouble when attempting to…