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HYCM, of the Henyep Capital Markets Group, has announced its launch of a contract-for-difference (CFD) for Bitcoin Cash paired against the US dollar. The introduction of BCH/USD trading brings the total number of cryptocurrency pairings offered by the Hong Kong-based broker to five, with HYCM simultaneously introducing a pairing for XRP/USD. Also Read: Coinbase to Reopen … Read more
The chief executive officer of Nasdaq, Adena Friedman, has discussed the company’s position with regards to the potential bitcoin futures contracts it has previously expressed interest in offering. Although Mrs. Friedman was unable to affirm that the company is definitely planning on launching bitcoin futures contracts, the CEO emphasized Nasdaq’s desire to offer a product … Read more
Cryptocurrency aficionados are familiar with the concept of BitShares. This particular project offers a wide variety of financial services in a decentralized manner. More specifically, there’s a big focus on decentralized exchanges and banking on the blockchain. Even though this project has been around for several years, now is a good time to take a … Read more
As cryptocurrencies have grown popular over the past year, researchers have noticed an inverse relationship between gold and bitcoin markets. Over the past two weeks, as cryptocurrency markets have slumped, financial analysts are reporting even more data about the correlation between both assets. Also Read: Markets Update: Cryptocurrencies Try to Regain Strength After the Recent Dip Researchers … Read more
South Korean card companies are reportedly working on blocking payments to overseas cryptocurrency exchanges. Currently, 20 major crypto exchanges are blocked but that number is expected to increase, according to the Korean Credit Finance Association. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Blocking Payments Overseas South Korean card companies have … Read more
This week the sponsor of the Bitcoin Investment Trust, Grayscale Investments has announced the launch of a 91-for-1 stock split of the Trust’s issued and outstanding shares. According to Grayscale, the division will take place on January 22 and shareholders will receive 90 more shares on top of their original shares held. Also read: Markets Update: … Read more
Additional Wall Street money might start making its way into cryptocurrency investments soon. An American rating agency is set to issue grades for bitcoin and a host of altcoins this week, possibly opening the door for more fund managers to enter the field. Also Read: Bitcoin Hardware Wallet Maker Ledger Raises $75 Million from VC Investors … Read more
The Foundation for Defense of Democracies’ Center of Sanctions and Illicit Finance in conjunction with blockchain analytics company, Elliptic, has published a study seeking to track the circulations of illicit funds within the bitcoin economy from 2013 to 2016. The research concludes that the share of funds of illicit origin comprises less than one percent … Read more
Most people are familiar with the concept of financial ratings. Every individual country has its own credit rating, and there are individual consumer credit ratings to contend with as well. In a way, it makes sense for Weiss to issue ratings for cryptocurrencies as well. How this will affect the industry as a whole is … Read more
South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to data obtained by the country’s Financial Supervisory Service, banks made 36 times more in commission income from crypto exchanges last year than the previous year. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto … Read more