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Sell-Off Plunges Crypto Market Cap Below $200 Billion

Twitter Facebook LinkedIn This week’s crypto downturn forced the cryptocurrency market cap past an uncomfortable milestone on Wednesday, with the cryptocurrency market cap dropping below the $200 billion mark a day ahead of the contentious Bitcoin Cash hard fork. The crypto market had traded as high as $220 billion on Nov. 7, about the time many bulls were anticipating that ...

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Pre-Fork Uncertainty Leads OKEx to Terminate BCH Futures

Twitter Facebook LinkedIn Facing significant price instability ahead of tomorrow’s contentious Bitcoin Cash hard fork, major crypto exchange OKEx abruptly closed its BCH futures markets ahead of their scheduled expiration dates and provided early delivery to customers. Bitcoin Cash Fork Leads to Premature Futures Delivery The Malta-based OKEx announced the early BCH futures delivery on Wednesday, stating that it had ...

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Bank of America Could Store Crypto Deposits for Big Companies

Twitter Facebook LinkedIn Despite their harsh exterior, banks have been quietly preparing for a world that involves cryptocurrencies. Bank of America has most recently secured a patent for a cryptocurrency aggregation system, one in which big companies store customers’ crypto deposits in an enterprise account involving vaults and offline storage rather than taking on the risk themselves. For example, “deposit accounts at ...

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Bitmain Confirms Board Shakeup But Denies Jihan Wu is Out as Chair

Twitter Facebook LinkedIn Major China-based bitcoin mining firm Bitmain has confirmed a report that its board of directors has undergone a shakeup but has sought to downplay that impact of these changes ahead of the company’s looming initial public offering (IPO). In an emailed statement, Nishant Sharma, Bitmain’s international marketing manager, confirmed to CCN that the company had restructured its ...

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Black Friday: How to Capitalize on It

By Dmitriy Gurkovskiy, Chief Analyst at RoboMarkets The most interesting event this month in the US is the famous Black Friday, the day of large discounts, which is on Nov 23. On this day, Americans make 45% of all their annual purchases. The US economy is doing well compared to other countries, with the Fed hiking the rates in order ...

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Place Your Bets! Bitfinex Opens Pre-Fork Bitcoin Cash Futures Market

Twitter Facebook LinkedIn Bitfinex has announced a new financial instrument on its platform in response to the upcoming hard fork of the Bitcoin Cash blockchain. Noting a sizable increase in short bets on BCH – traders apparently believing that the split will have a negative impact on the per-coin price of Bitcoin Cash – Bitfinex has created something called the ...

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Crypto Market Wipes Out $8B, Bitcoin Cash Down 24.4% in 1 Week

Twitter Facebook LinkedIn Over the past 12 hours, more than $8 billion was wiped out from the crypto market, as several major digital assets including Bitcoin Cash (BCH) and Stellar (XLM) suffered. For the first time in the past ten days, the price of BCH has dropped below the $500 mark to $480. Within the past week, after securing a ...

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Central Banks Should ‘Consider’ Issuing Digital Currency

Twitter Facebook LinkedIn The Managing Director and Chairperson of the International Monetary Fund (IMF), Christine Lagarde, has called on central banks around the world to consider issuing digital currencies. According to Lagarde, the state has a role to play in injecting money to the digital economy and it was, therefore, necessary to ‘consider the possibility to issue digital currency’. Initially ...

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Central Banks Should ‘Consider’ Issuing Digital Currency

Twitter Facebook LinkedIn The Managing Director and Chairperson of the International Monetary Fund (IMF), Christine Lagarde, has called on central banks around the world to consider issuing digital currencies. According to Lagarde, the state has a role to play in injecting money to the digital economy and it was, therefore, necessary to ‘consider the possibility to issue digital currency’. Initially ...

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New Partnerships, Milestones and Developments, Hada DBank Moves Forward

Twitter Facebook LinkedIn This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the ...

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