US-Based Exchange ErisX Officially Announces Public Launch of Spot Market

Chicago-based crypto exchange ErisX has officially announced the public launch of its spot market, the firm tweeted on April 30. The ErisX spot exchange is the first part of the company’s development of a single platform that will represent both a digital asset spot and regulated futures exchange, as reported by Finance Magnates. Subsequently after the announcement, ErisX reportedly enabled support of United States dollar trading pairs with major cryptocurrencies such as bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC), according to crypto news outlet Coindesk. Coindesk writes…

Billionaire Bitfinex Shareholder Hints New Token after $850M Tether Scandal

By CCN.com: According to a statement released by Dong Zhao on Weibo, a billionaire investor in Bitfinex and a widely recognized trader, bitcoin exchange Bitfinex is planning to create an exchange-based token following the Tether scandal. Some local sources have said that investors in Asia have shown interest in the exchange token proposal made by Zhao, with one miner based in China suggesting that investors have already pledged $300 million in Tether. According to @zhaodong1982 there’s a high possibility that @bitfinex is going to do an IEO, and some big…

Report: Australians Lost Over $4 Million to Crypto Scams in 2018

The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6.1 million AUD ($4.3 million USD) lost to crypto criminals. This marks a substantial rise from the $2.1 million AUD ($1.48 million) that was reportedly lost to scams in Australia back in 2017. The increase came even amid last year’s crypto winter, which saw virtually every digital asset in circulation lose a significant chunk of its…

Debunking Bitcoin Myths: “It’s Only for Criminals”

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin Bitcoin’s core value proposition is that it is an uncontrolled, apolitical money. To some people, this means Bitcoin is only useful to people who want to get around various regulations imposed on the world’s financial systems and society more generally. And in a way, these Bitcoin critics have a point. Bitcoin can be quite useful for criminals, much like physical cash. However, the permissionless nature of Bitcoin also enables other valuable use cases of…

Bitcoin Price Close to First 3-Month Winning Streak Since Late 2017

View Bitcoin is set to end April with around 26 percent gains. The growth marks the third straight monthly increase and the first three-month winning streak since the final quarter of 2017. A falling channel breakout seen on the monthly chart confirms a long-term bullish reversal. A similar breakout seen in October 2015 had paved way for a record rally to $20,000. Bitcoin may post stellar gains in May if the 30-day MA, currently at $5,142, reverses the recent pullback. In that case, prices could rise to $6,000. A close…

English Soccer Club Launches Blockchain Fan Token

English Premier League soccer team West Ham United turns to blockchain to launch its own token. The “fan token,” powered by Socios.com will allow West Ham’s 40 million supporters to vote on club decisions and gain access to exclusive rewards. The fan token initiative has already been adopted by Juventus and Paris St. Germaine and comes during a wave of mainstream blockchain adoption. Just this week, Jaguar Land Rover inked a deal with cryptocurrency platform IOTA.  West Ham United is proud to announce a partnership with @socios, the blockchain-based fan…

ErisX Launches Crypto Spot Market on Heels of New $20 Million Raise

Aspiring crypto derivatives provider ErisX took one step closer to its ultimate goal Tuesday with the launch of a spot market. The exchange announced that it will immediately support dollar trading pairs with bitcoin, bitcoin cash, litecoin and ethereum, as well as bitcoin trading pairs with the other three cryptocurrencies at launch. While ErisX has a number of firms looking to trade on its platform at launch, it did not disclose any names. Chief strategy officer Matt Trudeau told CoinDesk that, at launch, ErisX’s platform will include both its exchange…

Bitfinex Is Planning to Issue an Exchange Token, Shareholder Says

Hong Kong-based cryptocurrency exchange Bitfinex may soon issue a proprietary exchange token, according to a shareholder of the platform claiming knowledge of the plan. Dong Zhao, a well-known over-the-counter trader in China who holds a stake in Bitfinex, who first announced the news on Weibo, told CoinDesk that the exchange is indeed planning the issuance, although the “details are not 100 percent confirmed.” Bitfinex has not responded to a CoinDesk request for comment as of press time. It’s unclear at this stage how the plan would play out or what…

English Premier League Soccer Club West Ham to Launch Fan Token in Partnership With Socios

London-based West Ham United — a soccer team that plays in the English Premier League — is partnering with blockchain platform Socios.com to launch a fan token ecosystem. The news was revealed in a press release shared with Cointelegraph on April 30. As previously reported, the Socios tokenized voting platform and blockchain-based mobile app is operated by sports blockchain venture chiliZ, which has the backing of high profile crypto industry players that include crypto exchange Binance and OK Blockchain Capital. West Ham United, currently ranked 11th in the Premier League,…

Bitcoin (BTC) Price Flirts With Key Resistance: Upside Break Possible

Bitcoin price is facing a strong resistance near the $5,150 and $5,160 levels against the US Dollar. The price must break the $5,160 and $5,200 levels to start a strong rebound. There is a major bearish trend line forming with resistance near $5,160 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely preparing for the next break either above $5,200 or towards $4,950. Bitcoin price is trading near a couple of important hurdles against the US Dollar. BTC seems to be preparing for…