Exchanges

New York State Delivers BitLicense To BitPay

BitPay has become the eighth firm to receive a BitLicense by the State of New York! After a thorough review of BitPays activity, the New York Department of Financial Services granted a BitLicense to the company. BitLicense is a kind of business license for virtual currencies which will let BitPay receive and send payments from other companies which will let those that hold a license store their digital property in a secure manner as well as issue a new digital currency. The license was first introduced in 2015 and it is used as a means for a legal framework which crypto currencies can operate in. Since 2015, there has only been seven businesses which have been given the licence which makes BitPay the eighth after Square was granted one in June. Other companies which have been granted with ...

Dogecoin Is Now Listed On Robinhood And The Price Is Surging

Dogecoin seems to have jumped into life as it was announced that the digital asset was listed on Robinhood’s crypto platform. So now the price of Dogecoin is boosting up by 20%! The US crypto platform has announced that they will now be listing Dogecoin as an asset for trading. Robinhood’s cryptocurrency platform is available in seventeen states and got its first time in the news after it made the decision to launch a zero-free Ethereum and Bitcoin trading earlier this year. The Robinhood crypto platform is allowing further offers for consumers to access Bitcoin Cash and Litecoin. This is boosting the amount of listed crypto assets to five. Due to celebrity investors and its roster, the Robinhood platform now has lots of critical acclaim as well as its focus on zero-fee trading. Earlier in...

Coinbase Security License Unlikely To Help XRP Get Listed Soon

The big news of the day is that Coinbase has been given the green light and is now a licensed as a security broker and is no longer your general cryptocurrency. The U.S Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) has given Coinbase the go ahead to list digital coins which are considered to be a security. A representative from Coinbase told Bloomberg that the SEC and FINRA authorised the exchange to acquire security dealers Keystone Capital Corp, Digital Wealth LLC and Venovate Marketplace Inc. The deal means that Coinbase will be allowed to broaden their offerings with security tokens as an alternative way of trading. This can have a lot of positives for the market as it can bring in lots of institutional money into the market, however, ...

Japan’s Line Launch BITBOX Exchange, But It Won’t Be Available In The USA Or Japan

It feels like a very long time ago that we reported on instant messaging service ‘Line’ moving to create their own cryptocurrency exchange, now however we finally have more news about the roll out and future prospects of the exchange. Line is a Japan based messaging application and host the team behind the production of BITBOX, the new exchange. Notably though, BITBOX will not be available in Japan, or the United States for that matter, due to tightening regulations that would no doubt make the BITBOX project far more complicated than it needs to be, upon its initial rollout at least. As it stands, BITBOX is now live across the world, trading around 30 cryptocurrencies, which include; Bitcoin, Ethereum, Bitcoin Cash and Tether. According to The Next Web: “The cryptocurrency exchange will s...

Canadian Coinsquare Launch A Centralized Cryptocurrency Exchange In Japan.

Canadian Coinsquare, a trading system extremely prominent with cryptocurrency fanatics throughout the North American nation, seems completely familiar with exactly what safety measures a digital properties company needs to take while operating in Japan due to a current crack-down by its monetary controlling body on the heels of the headline-making Coincheck burglary. Toronto-based exchange Coinsquare introduced today that it had actually secured a manage DLTa21, typically described as a “international blockchain financial investment financial institution,” to introduce a central cryptocurrency exchange in Japan. Coinsquare will certainly offer the required facilities for a joint job with the financial investment financial institution DLTa21, which has workplaces both in Canada ...

FIAT To XRP Trading Available Via NDAX

NDAX, the National Digital Asset Exchange, a new exchange platform in Canada is now in full swing after their launch on the 23rd of June this year. Since then, NDAX have added an option to exchange FIAT currencies for XRP and will be continuing to improve traders portfolio by adding new listings on a regular basis. NDAX does boast a number of features that makes their exchange platform slightly different to a traditional cryptocurrency exchange. According to Cryptoglobe: “One of the interesting things about NDAX is that clients’ fiat depoits (CAD) are held in a ‘segregated bank account at a trusted Canadian banking institution.’ Another is the offer of zero deposit fees for the remainder of 2018. Other competitive advantages cited by NDAX include: ‘low trading and withdrawal fees, in...

Robinhood Expand Portfolio With Bitcoin Cash & Litecoin Listing, XRP Could Be Next

Investment management and cryptocurrency/stock trading app Robinhood have announced that they will be listing both Bitcoin Cash and Litecoin in order to expand their ever growing cryptocurrency portfolio. Robinhood works by purchasing cryptocurrency from exchanges and then selling it on to their own customers. This in turn makes the purchase cheaper for the customer but still allows Robinhood to profit from the exchange, though the level of that profit is obviously dependant on the current market trends. This is why it is important that Robinhood begins to list cryptocurrencies like Bitcoin Cash and Litecoin as, ultimately, they are only improving their chances of generating a profit by doing this. According to Fortune: “Robinhood’s decision to add Litecoin and Bitcoin Cash is not surprisi...

Institutional Investment Through Bitfinex Will See Bitcoin To The Moon

Major cryptocurrency exchange Bitfinex have announced a new partnership that promises to bring a new wave of institutional investment into cryptocurrency through the Bitfinex platform. According to Finance Magnates, Bitfinex have announced a partnership with Markey Synergy GmbH. Market Synergy operate along a trading platform that allows institutions to trade in cryptocurrencies. Through this partnership, Bitfinex hope to bring a number of Market Synergy’s clients into the Bitfinex exchange, allowing for a greater level of investment from institutions such as banks and hedge funds. As we know, these are the investors with the money, so in theory, this move by Bitfinex could see an awful lot of money pumped into the markets soon. According to Finance Magnates: “Today’s announcement is anoth...

Could a Decentralised NEO Listing On Coinbase See NEO Up 130%

Check out what happened when Bitcoin Cash was listed on Coinbase on the 19th of December 2017. Bitcoin Cash spiked and rose from a value of $1887.96, up to an all time high of $4355.62, forcing Bitcoin Cash up 130.7%. Image sourced from coinmarketcap.com With NEO are the fore of the headlines at the moment, we want to explore how a NEO listing on Coinbase would impact the value of the currency, assuming that would take off in the same way Bitcoin Cash did. At this point I must note that yes, the Coinbase listing for Bitcoin Cash took place during the 2017-2018 cryptocurrency boom, however Bitcoin Cash did not surge at the same time as Bitcoin, therefore we can’t accuse Bitcoin of pushing the price of Bitcoin Cash up and therefore it is more likely that the 130% rise was complemented by Bit...

Three New Exchange Listings Bring Ripple XRP Three Steps Closer To Coinbase

Ripple XRP is about to see three brand new exchange listings that could very well mark a new era for XRP as a cryptocurrency. Of course, the more exchanges a cryptocurrency is available on, the more trading pair options become available and of course, this also ensures that the customer base and target demographic of the cryptocurrency grows. More customers means more buying. More buying means a higher price. It goes something like that anyway. As XRP gains traction with more exchanges, the more likely it will be that large exchanges such as Coinbase eventually decide to list XRP. Coinbase exists as a bit of an end goal here because this listing would see XRP skyrocket. Although as we know, whilst XRP’s security drama continues, Coinbase will not touch this currency. These three exchanges ...

You Might Have Lost A Bit To Crypto This Year, Binance Certainly Haven’t However

With falling markets and values down, late investors may have lost a bit of money to crypto this year. Moreover, those who held in the boom might be regretting their decision based on today’s prices. Companies that are driving the cryptocurrency revolution like Binance however, are starting to report big profits, not everyone is losing out from the falling markets it seems. Decentralisation does mean that overall, middle-man companies like exchanges shouldn’t be making huge profits from our trades, however, capitalism dictates that in order for these exchanges to succeed, they need to make profits to be able to afford to run. It’s a bit of a paradox but really, there’s nothing we can do about it. According to reports out today, Binance had a first half revenue (for 2018) of $300 Mill...

Ethereum Classic Runs Away From Market Decline, Is A Coinbase Listing Imminent?

Ethereum Classic is performing against the grain today. This morning, as the rest of the markets embark on a steep fall, Ethereum Classic has taken on its own change in direction, making positive gains through the day. Granted, these gains are only minor in the grand scheme of things, but considering how steep the rest of the markets are falling, we should pay attention to what Ethereum Classic is doing right now. At the very least, it has certainly broken off from the bears grip, thats for sure. At the time of writing, Ethereum Classic is valued at $17.55, up 2.68%. This climb is marginal, but compared to its neighbours, Ethereum Classic is making stunning upwards progress. At the time of writing Dash is down 4.35%, NEM is down 5.20%, TRON is down 7.42% and VeChain is down 8.44%. As you c...