Tokens Record 50% Gains as Crypto Market Recovers, Bitcoin Price Stabilizes

Over the past 24 hours, tokens such as VeChain, Ontology, and PundiX recorded 50 percent gains against the US dollar, as the crypto market recovered and Bitcoin showed stability. VeChain recorded the biggest jump in value on August 17, spiking by over 50 percent against the US dollar, becoming the best performing digital asset this

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CBOE President Cautiously Hopeful on Bitcoin ETF Prospects Despite SEC Action

CBOE Global Markets Inc. could well become the first company to win approval for a bitcoin ETF, but whether that coveted accomplishment materializes remains to be seen. For his part, Chris Concannon, CBOE’s president and CEO, said that he is optimistic that the Securities and Exchange Commission will grant his wish, but he recognizes that

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Despite its 70% Price Drop, Bitcoin Surpassed Gold in Settlement Volume

Nic Carter, a well respected cryptocurrency researcher, has said that Bitcoin has surpassed the OTC gold market in settlement volumes, even amidst a 70 percent drop in its price. Bitcoin as a Better Medium of Exchange According to the clearing statistics of the London bullion market (LBMA), five major clearing members of the LPMCL including

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Every Financial Portfolio Should Include Bitcoin, New Research Paper Suggests

The viability of investments into cryptocurrencies is a hotly debated topic. While many investors large and small are still skeptical about virtual currencies like Bitcoin, a growing number of people are starting to come around. In many nations, especially ones fraught with economic and political instability, virtual currencies offer an alternative way to hedge against

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US SEC Postpones Decision on VanEck/SolidX Bitcoin ETF to September

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the VanEck/SolidX Bitcoin ETF until September 30, 2018, according to an official document released by the Commission. This notice comes some days after Van Eck sent a 13-page report to the SEC where it addressed concerns cited as reasons for rejecting a similar

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India Turns to Discreet Trading Methods to Circumvent Cryptocurrency Ban

The Indian government’s crackdown on cryptocurrencies has not deterred the populace from employing new ways to purchase and trade digital assets. While exchanges have launched peer-to-peer models, a small fraction is resorting to “Dabba trading.” Banning Not Enough As reported on July 30, 2018, by local outlet Business Today, Dabba trading refers to making trades

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OTC is Much Larger Than Bitcoin Exchange Volume: Where Real Whales Trade

TABB Group, an international research company, has disclosed in its extensive analytical report that the over-the-counter (OTC) market of bitcoin is significantly larger than the global bitcoin exchange market. OTC Versus Exchanges: Whales Against Retail Traders For many years, the majority of bitcoin analysts predicted billions of dollars to be traded on a regular basis

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Bitcoin Drops to $7,800 But Rebounds Instantly to $8,150, Tokens Suffer

On July 31, the price of bitcoin fell by 4 percent, from $8,150 to $7,800, as both major cryptocurrencies and small market cap tokens plummeted in value. Within hours after its 4 percent drop, the price of bitcoin rebounded from $7,800 to $8,150, demonstrating an instantaneous recovery from its relatively large drop. However, other major

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Van Eck Responds to SEC’s Bitcoin ETF Concerns In New Letter

Money management firm VanEck has responded to the SEC’s concerns over bitcoin exchange-traded funds (bitcoin ETF) in a letter to the regulator made public on the agency’s website. Addressed to Dalia Blass, director of the SEC’s division of investment management, the letter tackles the five points of order from the SEC’s previous communication with the

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London Remittance Firm Launches Cryptocurrency Trading Service, Says Crypto’s ‘Here to Stay’

TransferGo, a London-based remittance service, has become the first remittance provider to offer a cryptocurrency trading service, and will offer bitcoin, ethereum, bitcoin cash, litecoin and XRP, in response to a strong demand for cryptocurrency, according to Bloomberg. Daumantas Dvilinskas, founder and CEO of TransferGo, expanded on what he called a strong demand for cryptocurrencies in

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