Day: August 6, 2018

Overstock’s tZERO Closes Its Security Token Offering Tonight

TradingBTC

tZERO, a blockchain subsidiary of e-commerce retail giant Overstock, announced today Aug. 6 that its Security Token Offering (STO) will comes to an end Monday night, with no further extensions. tZERO said that its STO will close at 11:59 PM EDT, whereas investors with fully executed Simple Agreements of Future Equity (SAFEs) have to remit funds to tZERO by 5 PM EDT Wednesday. The startup will reportedly reveal the results of the STO on Thursday, August 9, during Overstock’s earnings call. While tZERO originally limited the maximum amount of tokens…

Trader Sues Exchange OKCoin for Failing to Release Bitcoin Cash

TradingBTC

A Chinese Bitcoin (BTC) investor has sued local crypto exchange OKCoin for allegedly preventing him from getting Bitcoin Cash (BCH) after the BTC fork, local news agency Legal Weekly reports July 31. The case is reportedly the first legal action in China that involved last year’s fork of Bitcoin. The investor, known under the pseudonym Feng Bin, filed a lawsuit against OKCoin, accusing the exchange of blocking him from receiving 38.748 BCH that he was due after Bitcoin’s hard fork in August 2017. In the lawsuit, Feng Bin states that…

Chair of House Judiciary Committee Discloses Ownership of Cryptocurrency

TradingBTC

The chair of the Judiciary Committee of the U.S. House of Representatives may be the first member of Congress to disclose that he owns cryptocurrency, Sludge reports Aug. 6. Congressman Bob Goodlatte (R-VA) reported that he owns between $17,000 and $80,000 in digital currency in his annual Financial Disclosure Statement. Goodlatte filed the statement on May 10, a month before the U.S. Ethics Committee issued new rules about disclosing digital currency holdings. Per the new rules, all House Members must disclose their own and their spouse’s crypto holdings valued over…

Ethereum (ETH) Technical Analysis

TradingBTC

On a weekly basis, ETH is down 10 percent and this is contrary to the fundamentals that are overly supportive of Ethereum (ETH). Remember, not only are there new developments as Mokens launching and implementing new ERC standards but the approval of ENS by ICANN is definitely a huge plus for Ethereum (ETH) propulsion to mainstream. From the News Finally, the first composable ERC-998, non-fungible token is ready to launch on the Ethereum mainnet. A composable token is simply a unique digital asset and there are of two types: top-down…

Bitcoin Falls Short of Breaking $7,000, Other Altcoins See Slight Losses

TradingBTC

August 6: Bitcoin (BTC) is making several attempts at breaking back above the $7,000 mark, staking its recovery after a sharp market tumble this weekend. Many major cryptocurrencies continue to see minor losses, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $6,974 at press time, down 1.17 percent on the day. The leading cryptocurrency has made several attempts to break above the $7,000 threshold, trading as high as $7,127 in early trading hours. These fleeting spikes failed to hold as of press time however,…

Crypto Trading App Robinhood Adds Support for Ethereum Classic

TradingBTC

  Commission-free crypto trading app Robinhood has listed Ethereum Classic (ETC), according to an official announcement Monday, Aug. 6. Robinhood customers can also invest in Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Dogecoin (DOGE), as well as monitor market data for ten other cryptocurrencies. Currently available in 19 states of the U.S., Robinhood crypto trading app was launched in February, 2018, initially listing Bitcoin and Ethereum, and available only in four states. On July 12, Robinhood launched support for Bitcoin Cash and Litecoin, just a few days…

Markets Tech Firm to Launch Crypto Derivatives Exchange

TradingBTC

Interactive financial markets technology platform LevelTradingField is launching a cryptocurrency derivatives exchange using the ethereum blockchain. Dubbed CADE, the exchange is set to go live this September. It will list ERC-20 tokens which track bitcoin, ether, litecoin, bitcoin cash, ripple and monero, with more to be considered on a rolling basis, according to a press release published Friday. These tokens will allow traders to reap the economic benefits of investment in crypto without actually owning any of the digital goods. All derivative tokens on CADE are to be priced in LUSD, a…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 06

TradingBTC

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The crypto world had cheered the prospects of Bitcoin futures trading last year. However, Bitcoin (BTC) prices topped out just as Chicago Board Options Exchange (CBOE) futures began trading. Though not directly responsible for the fall, the futures traders have had an effect…

Wealth Manager Canaccord: Bitcoin ETF Approval More Likely in 2019

TradingBTC

The latest crypto-market report from wealth managing firm Canaccord Genuity posits that a long-awaited approval on a bitcoin exchange-traded fund (ETF) likely won’t come until 2019. In their quarterly update on cryptocurrencies, Canaccord Genuity, Canada’s largest independent investment dealer in Canada, dives into a range of topics, including the topic of security tokens and recent developments in cryptocurrency spot prices. Yet it also hones in on the popular topic of the bitcoin ETF, which the crypto-community has viewed with renewed fervor following a proposed rule change by CBOE, which is…

Ethereum Classic Jumps 10% on a Day of Crypto Markets’ Retreat

TradingBTC

Ethereum Classic today jumped 10-percent against the US Dollar, coinciding with Robinhood’s announcement of adding the coin to its trading app. The Ethereum’s unforked version had started recording gains soon after Coinbase, one of the world’s leading cryptocurrency exchanges announced that it would add the coin to its portfolio. On August 3rd, the day the announcement was made, the ETC/USD had established an intraday low at $14.11. However, the pair collectively gained 18% in value on the same day across all the exchanges, confirming the Coinbase impact. The same day…