Bithumb and seriesOne Partner to Launch U.S. Securities Token Exchange

Aiming to create an SEC and FINRA-compliant U.S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture. According to an announcement made on November 1, 2018, officials behind the venture look to trade security tokens within a “compliant marketplace” and within the context of “other applicable regulatory approvals.” For South Korea-based Bithumb, the venture provides the exchange with new expertise around U.S. regulation. seriesOne, a company created by finance industry veterans in the tech, investment banking, venture capital and compliance sectors, operates a U.S. platform…

Coinsource Receives BitLicense to Operate Bitcoin ATMs in New York

Bitcoin ATM Operator Coinsource has been granted a BitLicense by the New York Department of Financial Services (NYDFS). Based in Texas, Coinsource deploys Bitcoin ATMs to key population centers across the world with over 200 machines installed in the U.S. alone. CEO of Coinsource Sheffield Clark called the announcement a “landmark day for Coinsource” and an “important win for New Yorkers” in a statement. In an interview with Bitcoin Magazine, Clark noted that he sees the “license as validation of not only our tireless efforts to offer Americans easy, convenient…

Op Ed: 10 Takeaways From Recent French Guidance on Blockchain and the GDPR

“The GDPR, and more generally the classical principles of personal data protection, were conceived in a world where the management of data was centralized within specific entities. In this regard, the decentralized model of data governance embodied by blockchain and the multiplicity of actors involved in the processing of data complicate the definition of the roles of each one.” Blockchain: Premiers éléments d’analyse de la CNIL (unofficial translation). In late September 2018, France became the first EU member state to release official guidance on the complicated interplay between the General…

Ripple Price Analysis: Buy Dips In XRP/USD Near $0.4500

Key Highlights Ripple price gained bullish momentum and broke the $0.4500 resistance area against the US dollar. There is an ascending channel formed with support at $0.4540 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains well supported on the downside near the $0.4540 and $0.4500 levels. Ripple price bounced back nicely against the US Dollar and Bitcoin. XRP/USD has moved into a bullish zone and it could break the $0.4620 resistance zone. Ripple Price Analysis Yesterday, we saw a decent upward move above…

Ethereum Price Analysis: ETH/USD Turned Bullish Above 100 SMA

Key Highlights ETH price traded further higher and broke the $198 resistance against the US Dollar. This week’s followed important bearish trend line was breached with resistance at $197 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip a few points, but it is likely to find support near $196 and the 100 hourly SMA. Ethereum price is slowly moving higher against the US Dollar and bitcoin. ETH/USD may perhaps recover further towards the $203 resistance in the near term. Ethereum Price Analysis After dipping…

Bitcoin Cash Price Analysis: BCH/USD Rebound Faces Major Hurdle

Key Points Bitcoin cash price is slowly recovering towards the key $430 resistance against the US Dollar. This week’s followed important bearish trend line is intact with resistance at $430 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must break the trend line and $430 to gain momentum in the near term. Bitcoin cash price formed a decent support near $420 and recovered against the US Dollar. BCH/USD is now facing a solid resistance near the $430 level. Bitcoin Cash Price Analysis Yesterday, we…

Bitcoin is a New Institutional Investment Class

Twitter Facebook LinkedIn There is a rapidly growing interest in bitcoin and other cryptocurrencies among institutional investors while there seems to be lethargy in the number of retail buyers operating within the space. As such, bitcoin and altcoins now constitute a new institutional investment class since 2017, according to new research from major US bank Morgan Stanley. In the report titled “Bitcoin Decrypted: A Brief Teach-in and Implications” and dated Oct. 31, the multinational investment bank’s research department gave an overview of the last six months of bitcoin and brought…

ADA/USD Sink and Stabilize Below 7 cents

Even if prices are low and on-chain development slow, Charles Hoskinson and Cardano are literally hitting milestones. Though it could take a decade or more before Voltaire, once it goes live Cardano might easily outperform competing platforms. This is so because Cardano’s foundation is thorough with scientific verification. Price wise ADA/USD is technically bearish. Unless there are strong moves above Oct 29 highs and key liquidating resistance trend line, bulls stand no chance. Latest Cardano News Any altcoin is as good as the team behind it. That has been the…

Altcoins Register Minor Gains, Still Bearish

The stability of altcoins should be another opportunity to sell according to trend definition of Oct 11. Subsequent confirmations of Oct 29 did place the lid on buyers even though prices are leveling out. But, it could get worse if losses print today. On the reverse side a stream of boosting fundamentals could propel pairs as IOT/USD, LTC/USD and even EOS/USD above key resistance levels relieving coin holders. Let’s have a look at these charts EOS/USD Price Analysis Market participants are beat out. It’s not by bears but by the…

Bitcoin (BTC) Price Watch: Aiming for $7,000 Next?

Bitcoin Price Key Highlights Bitcoin price is gaining traction on it bounce off the channel support on its 4-hour time frame. A move to the next upside targets might be in the works and the Fibonacci extension tool marks these. Technical indicators are hinting at weakening bullish momentum, though. Bitcoin price looks ready to resume its climb and might aim for these upside targets marked by the Fib tool. Technical Indicators Signals The 100 SMA seems to be crossing below the longer-term 200 SMA to indicate that bearish pressure might…