SBI’s VCTRADE announced that they have added support for XRP, Bitcoin, and Ethereum. Ripple is excited by this announcement and believes their token, XRP, will achieve worldwide adoption due to the support.
In Coinbase they decided to end their 12 days long feature with the announcement about what crypto can do now and their hopes for a more inclusive blockchain.
The Giving Pledge has acquired another new member in Coinbase CEO Brian Armstrong. He has committed a significant part of his wealth to help others.
It seems that we’ll have to wait some more for Bakkt to get its Bitcoin futures contract approved. A new report claims that the CFTC’s decision-making process has been progressing slow and now it is likely to go live only in February 2019.
The Chainalysis report shows that a very small fraction of the total Bitcoin addresses are actually “economically relevant”.
During the last 24 hours, Bitcoin’s mining difficulty has dropped more than 9 percent as the fallout of the prolonged market rout continues. Despite a recent recovery that has taken bitcoin above $4,000, miners are still finding it difficult to remain profitable.
Coinbase said Thursday it had expanded its product to several European countries and overseas territories, including Lithuania, Iceland, Andorra, Gibraltar, Guernsey and the Isle of Man.
Two U.S. congressmen Warren Davidson and Darren Soto, are introducing a bill that would exclude digital currencies from securities classification and substantially improve the tax treatment for cryptocurrencies.
Intercontinental Exchange Inc is working on the first Bitcoin futures that pay out in cryptocurrency. They are now working with the CFTC to ensure that the project is in line with the current regulations. A decision should be made in early 2019.
Bitcoin moves up on Wednesday reaching two-week highs. The rally combined with the prevailing bull flags indicate that recovery may be peeping just around the horizon – in 2019, for example.
After a large plunge, the BTC is recovering. The market is still uncertain, but the flagship crypto takes its chance to rise. On Thu, Dec 20, 1 BTC is $4,137, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
The second-largest cryptocurrency exchange, OKEx has created a Bitcoin derivative product called “perpetual swap”. However, there’s no expiry date. The lack of expiry data allows positions to be held on an ongoing basis.
An Ex-Goldman is among the few notable investors remaining positive on the crypto markets. He holds his ground in spite of other institutional investors exiting the crypto space.
Western Union recently released a short video in which it explains that it is ready to begin working with cryptocurrencies. That being said, the video does seem to go on to outline how they actually aren’t ready and don’t fully understand crypto.
The funds raised will be used for developing new products and recruiting more people for the Nomics engineering team in 2019.