Huobi Cryptocurrency Exchange Launches Derivative Market

Singapore-based cryptocurrency exchange Huobi has launched the Huobi Derivative Market (Huobi DM), according to a press release shared with Cointelegraph Nov. 28. Huobi presented its new platform at the Cryptofrontiers conference in New York City today, stressing that the Huobi DM allows customers engage in cryptocurrency contract trading on both rising and falling cryptocurrency prices. The platforum purportedly provides tools for hedging and controlling risk and uncertainty. Contract trading allows users to purchase and sell digital currencies at predetermined prices at specified times in the future, giving investors and traders…

Google Searches for ‘Bitcoin’ Just Hit Their Highest Level Since April

Google’s trend explorer reveals the weekly number of worldwide searches for the keyword “bitcoin” has reached levels not seen since the first week in April.  While the exact number of searches accrued so far this week is not clear, data from Google reveals ‘bitcoin’ searches in the past three days alone made up 17 percent of its all-time-high weekly search volume set from Dec. 17-23, 2017. At that time, the cryptocurrency was trading around its record high near $20,000, while at the time of writing, it is valued at $4,167…

US Treasury Dept. Takes Action Against Two Iranians Allegedly Involved in BTC Ransomware

The U.S. Treasury Department has sanctioned two Iranians allegedly involved in Bitcoin (BTC) ransomware scheme SamSam, the Treasury reported in an official press release today, Nov. 28. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action on Wednesday against two Iranian individuals, Ali Khorashadizadeh and Mohammad Ghorbaniyan, who are accused of exchanging Bitcoin into Iranian rials (IRR). This is also the first time that Bitcoin addresses have been publically attributed to “designated individuals” on the OFAC’s sanctions list. According to the report, SamSam ransomware…

Stellar, Litecoin, Monero, & Zcash Headline Major Crypto Market Rally

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. A few of the top 15 cryptocurrencies saw notable increases over the past twenty-four hours. Stellar saw a gain of 15% against the US dollar, with 22% of its volume being against USD or USD-pegged cryptocurrencies themselves – meaning these gains are realistic, not just figurative. Litecoin gained over 13% against the dollar while Monero jumped nearly 16%, and Zcash was hot on its heels. Stellar…

U.S. FDA Eyes Blockchain to Enhance Food Safety in the Wake of E. coli Outbreak

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Following an outbreak of E. coli in the United States that was linked to romaine lettuce, the Food and Drug Administration (FDA) is considering better track-and-trace methods and this includes the use of blockchain technology. Speaking to business news channel CNBC, FDA commissioner Dr. Scott Gottlieb announced that the federal agency had hired the vice president of food safety at Walmart, Frank Yiannas, as its foods…

Birks Group Jewelry Retail Giant Begins Accepting Bitcoin in Eight Locations

Major Canadian-based jewelry manufacturer and retailer Birks Group has begun accepting Bitcoin (BTC) through a partnership with U.S. payment processor BitPay, the company confirmed in a press release Nov. 28. Birks, which has operated since 1879, will initially accept the largest cryptocurrency in eight of its 30 domestic stores in Canada. Seven are already servicing Bitcoin payments, with the facility coming to the company’s latest Graff and Patek Philippe stores in Vancouver “soon.” Commenting on the move, Jean-Christophe Bédos, president and CEO of Birks Group, described the decision as being…

Coinbase Quietly Opened Its OTC Crypto Trading Desk This Month

U.S.-based cryptocurrency exchange Coinbase opened its over-the-counter (OTC) crypto trading desk earlier this month. In an interview with news source Cheddar on Tuesday, Coinbase head of sales Christine Sandler said that the firm launched the OTC desk as a complement to its exchange business because institutions are using OTC as an “on-ramp for crypto trading” In an OTC transaction, a trade takes place between two parties directly, unlike on an exchange where orders are matched between third-party buyers and sellers. “We felt this was a huge benefit to our clients…

Bitcoin Price Watch: BTC/USD Ran Into Resistance, More Gains Likely

Key Points Bitcoin price climbed higher recently and traded above the $3,800 resistance level against the US Dollar. This week’s crucial bearish trend line was breached with resistance at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price ran into a major resistance area at $4,080, but there are chances of more gains. Bitcoin price gained traction and moved above $3,800 and $4,000 against the US Dollar. BTC/USD must break the $4,080 resistance level to trade further higher. Bitcoin Price Analysis Recently, there was…

Cardano Price Analysis: ADA/USD Could Recover Above $0.042

Key Highlights ADA price found a strong support near the $0.0350 level and recovered against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0362 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to rebound further higher towards the $0.0400 and $0.0420 levels in the near term. Cardano price is slowly recovering against the US Dollar and Bitcoin. ADA/USD may continue to recover towards the $0.0420 or even $0.0450 level. Cardano Price Analysis After…

Stellar Lumens, EOS, Litecoin, Cardano, Tron Price Analysis

Although bears are firmly in control, it appears they are slowly losing steam and in that case, BCH could end up cementing its position in fourth as EOS slide to fifth after dropping six percent in the last day. While EOS struggle against Sellers, XLM/USD traders could also end up registering losses if bulls fail to muster enough momentum to drive prices above 20 cents. Let’s have a look at these charts: EOS Price Analysis By sliding six percent in the last day in the process extending losses to 29…