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Coin
November 25, 2019
by Morris Uberti

Bitcoin Dips Below $7K As Traditional Markets Flatline

Bitcoin has fallen beneath the $7,000 psychological price range as global markets took a breather Saturday amid the ongoing trade dispute between the U.S and China. The world’s largest cryptocurrency by market value dropped beneath its temporary supports near the $7,000

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Coin
November 25, 2019
by Morris Uberti

Oman Sees First Trade Finance Transaction on Blockchain 4596

Oman Oil and Orpic Group and HSBC Bank Oman SAOG have conducted the first trade finance transaction on the blockchain in the country using R3’s Corda platform. As news publication the Oman Observer reported on Nov. 23, Oman Oil and Orpic Group — one

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Coin
November 24, 2019
by Morris Uberti

JPMorgan Tests Private Blockchain to Track Auto Dealer Inventory

JPMorgan thinks a blockchain can help it keep track of the automobile inventory it finances for car dealers – and prevent them from pledging the same cars for different loans. The bank’s wholesale car financing arm has filed a patent application describing a

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Coin
November 24, 2019
by Morris Uberti

Crypto Bourse Binance Says No China Office Amid Raid Rumors

Binance Holdings Ltd., operator of one of the world’s largest cryptocurrency exchanges, said it doesn’t have any “fixed offices in Shanghai or China” amid rumors that police raided the facilities in the nation’s biggest city. “Any reports of a police raid

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Coin
November 24, 2019
by Morris Uberti

Bitcoin Price May Hit $5.5K in 2020 to ‘Wear Out Bulls’

Bitcoin (BTC) could spend months trading at $5,500 before it recovers, one of the best-known analysts in the industry has warned. In a tweet on Nov. 21, Peter Brandt revealed his target for Bitcoin price was a floor of $5,500. Read more on

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Coin
November 21, 2019
by Morris Uberti

Zero-Commission Trading Is Coming to Crypto

Zero-fee trading first came to exchanged-traded funds and then to online stock and option transactions. Now the strategy is spreading into the cryptocurrency sphere. Seen as the most profitable sector of digital-asset world, trading platforms are feeling the pressure as industry heavyweights

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Coin
November 21, 2019
by Morris Uberti

Singapore Proposes Allowing Bitcoin, Ether Derivatives Trading on Approved Exchanges

The Monetary Authority of Singapore (MAS), the city-state's de facto central bank, may soon allow cryptocurrency-based derivatives to be traded on regulated platforms. The MAS published a consultation paper on Wednesday, seeking to green-light what it calls "payment token derivatives" for listing and

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Coin
November 21, 2019
by Morris Uberti

PayPal CEO Hodls Bitcoin and Only Bitcoin

Dan Schulman, CEO of payment processor PayPal, revealed during an interview that he does indeed own Bitcoin (BTC). On Nov. 20, Fortune reported that PayPal CEO Dan Schulman stopped by its offices where he discussed a variety of topics, including the reason for

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Coin
November 20, 2019
by Morris Uberti

The Race for an Internet-Native Currency and Bitcoin Dominance

Cryptocurrencies have started to make their presence felt in finance. As the race for an e-currency continues, so does Bitcoin’s dominance. The cryptocurrency market experienced its highest boom at the end of 2017 and the beginning of 2018. It lost some

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Coin
November 20, 2019
by Morris Uberti

IRS Focusing on Potential Illicit Activities Facilitated by Bitcoin ATMs: Official

Bloomberg Law reported on Nov. 15 that investigators at the Internal Revenue Service (IRS) are focusing on so-called BTMs and crypto kiosks and their potential to facilitate illicit activity such as tax evasion or money laundering. John Fort, the IRS' criminal investigation chief,

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