Binance.US to launch in the ‘coming weeks,’ claims CEO Catherine Coley

Binance.US to launch in the ‘coming weeks,’ claims CEO Catherine Coley

Binance, the world’s largest cryptocurrency exchange by trading volume, has finally given an update on the launch of its exclusive exchange platform for US customers. Binance had previously a change in their terms back in June, a change which prohibited US customers from accessing the services of the exchange. The change came in an effort […]

Jack Dorsey: Mass Crypto Adoption Will Transform Square’s Business

Jack Dorsey: Mass Crypto Adoption Will Transform Square’s Business

As cryptocurrency becomes more widely used, Square will transition to providing a broader range of “internet services” rather than just financial technology, co-founder Jack Dorsey predicted. In an Aug. 5 interview with The Australian Financial Review, Dorsey detailed how he believes the emerging asset class will shape his company’s development. He said: “In the long term [cryptocurrencies] […]

Bitcoin Futures Trading At The CME Reach $370 Million In Daily Average Volume

Bitcoin Futures Trading At The CME Reach $370 Million In Daily Average Volume

The Chicago Mercantile Exchange (CME) is currently registering an average daily trading volume of $370 million in Bitcoin futures. This is according to the Managing Director of the CME Group, Tim McCourt. This represents an increase of 132% compared to the same period last year. BTC Futures Daily Volume At The CME Expanded 132% The CME is […]

Coinbase Is in Talks to Launch Its Own Insurance Company

Coinbase Is in Talks to Launch Its Own Insurance Company

Cryptocurrency exchange Coinbase is in talks to set up its own regulated insurance company with the help of insurance broker giant Aon, industry sources told CoinDesk. Establishing “captive” insurance subsidiaries, wholly owned by the firm being insured, is a time-honored way for corporations to reduce costs and improve access to reinsurance markets (a form of […]

EOS, Etheruem, and Litecoin Lead Massive Bitcoin Dump

EOS, Etheruem, and Litecoin Lead Massive Bitcoin Dump

Yesterday’s crypto market carnage saw over $20 billion in USD value wiped out from the total crypto market capitalization. The dump affected nearly all crypto assets, including Ethereum, EOS, and Litecoin – even Bitcoin, which has maintained support despite altcoins collapsing around it. But new data shows that it may have been altcoins collapsing that dragged down Bitcoin. A side-by-side comparison […]

Crypto Market Sees Red as Bitcoin Price Drops $600 in 30 Minutes

Crypto Market Sees Red as Bitcoin Price Drops $600 in 30 Minutes

Bitcoin’s price slid more than $600 in 30 minutes, falling back below $10,000 on Wednesday. Beginning at 17:50 UTC and lasting until 18:20 UTC, BTC witnessed a large pullback from $10,200 to $9,600, followed by a small bounce near $9,740, providing temporary support. Bitcoin opened the day at just under $10,200. Over the trading day, […]

The five most important dates for Bitcoin until 2020

The five most important dates for Bitcoin until 2020

The crypto industry is gearing up for an event-packed few months. From the resolution of the New York Attorney General’s injunction against Bitfinex and Tether to the final decisions of the long-awaited cryptocurrency ETFs, here’s a list of some of the most relevant dates in the crypto industry to keep an eye on. Aug. 22: New York Attorney General’s […]

Weekly Bitcoin Price Indicator Shows ‘Bear Cross’ in First Since February

Weekly Bitcoin Price Indicator Shows ‘Bear Cross’ in First Since February

A widely-tracked trend-following bitcoin (BTC) price indicator is flashing a sell signal for the first time since February. The weekly moving average convergence divergence (MACD) histogram, which is used to identify trend reversals and trend strength, has crossed below zero and is currently printing a value of -25.13. That is the first negative value since the […]

Don’t Worry, Overstock’s New CEO Is Already ‘Drunk on Bitcoin’s Kool-Aid’

Don’t Worry, Overstock’s New CEO Is Already ‘Drunk on Bitcoin’s Kool-Aid’

Digital retail platform Overstock.com’s new CEO is not planning any major changes to the company’s blockchain efforts after the departure of its founder. Patrick Byrne, the now-former CEO of Overstock, made headlines Thursday after announcing his resignation as both the head of his company and a member of its board. He wrote in a letter to shareholders that he […]