Ethereum Token 0x Rallies 17% after Exchange Listing

Coinbase may have announced plans to list hundreds of new assets over the coming months and years, but that doesn’t mean that the San Francisco-based cryptocurrency exchange has lost its status as crypto-token kingmaker. Yesterday, on Oct. 11, Coinbase announced that it had begun the process of listing 0x (ZRX), an ERC-20 token that runs …

Various Technical Indicators are Showing Bitcoin is Severely Oversold

Williams %R, a technical analysis oscillator that demonstrates oversold or overbought conditions of an asset, is demonstrating highly oversold conditions for Bitcoin. As Olga Kharif at Bloomberg reported, the Williams Percent Range (WPR) of Bitcoin is hovering at around -83 percent. In WPR, -80 to -100 percent is considered oversold and -0 to -20 percent …

Coinbase, BitGo Reaffirm Plans to Focus on Serving Institutions in Crypto

Two US-based crypto behemoths, Coinbase and BitGo, will continue to facilitate growing demand for Bitcoin from institutional investors by operating as trusted custodians. Earlier this week, BitGo was approved by South Dakota regulators to create and operate a crypto custody solution, while Coinbase established a new office in New York exclusively to handle institutional demand …

Coinbase Volume is Down 83% in 2018, But OKEx is Setting New Records

Cryptocurrency exchange giant Coinbase might, as market research firm Bernstein recently said, be on the cusp of assembling an “unassailable” market share in the U.S., but that doesn’t mean that the San Francisco-based firm isn’t struggling to maintain consumer activity during the current downturn. Citing data from CoinApi, cryptoasset research firm Diar reports that USD-denominated …

If You’re Selling Bitcoin Because of ETF Delay, You’re Doing it Wrong

CNBC Fast Money contributor and BKCM CEO Brian Kelly has firmly emphasized that while bitcoin has seen a massive decline in price over the last 24 hours, investors selling the dominant cryptocurrency based on the delay of SEC in approving the first bitcoin ETF are doing it wrong. Bitcoin Drops 12% While EOS, Bitcoin Cash …

Another Major Investment Firm Says Bitcoin ETF Not Likely in 2018

Canaccord, the biggest investment firm in Canada, has said that the approval of a Bitcoin exchange-traded fund (ETF) is highly unlikely in 2018. In an official report entitled “Blockchain and Digital Assets: US Equity Research” Canaccord researchers Michael Graham and Scott Suh wrote: “And although the VanEck SolidX Bitcoin Trust, seen by many as the …

Watch Out Bears, Crypto’s Only Getting Started: Coinbase CTO

Coinbase CTO Balaji Srinivasan ignited a Twitter firestorm yesterday when he tweeted that while 63% of the world’s adults own smartphones, only 8% of those in the U.S. and less than 1% worldwide  own cryptocurrency, indicating there is a potential user base that is 60 times larger than the existing user base. Some agreed that …

Expedia Stops Accepting Bitcoin, Driving Users to Alternative Travel Sites

Expedia, the online travel agency that has been one of the largest merchants to accept bitcoin since 2014, has quietly stopped accepting the cryptocurrency, forcing users to seek alternative travel services. Marketexclusive.com reported on July 2 that an Expedia spokesperson confirmed the company would not accept bitcoin for hotel or flight bookings and that it …

Coinbase, Billionaire Peter Thiel Back New ‘Reserve’ Stablecoin

Coinbase and Silicon Valley investor Peter Thiel are among over 40 groups, funds, and angel investors backing the latest addition to the cryptocurrency ecosystem’s stablecoin arsenal, a new stable token called Reserve, which  closed $5 million in its first round of funding The stablecoin, which is pegged 1:1 to the value of USD, is in …