What Bear Market? This Crypto Brokerage Firm Just Raised $12 Million

Traditional cryptocurrency lovers do not like somebody to sell and purchase their digital assets for them. But their take is likely to change if they have to walk to an over-the-counter bitcoin shop with a bag full of money. Not only it would be dangerous, but it would also make the buyer and his trading strategies less anonymous before a counterparty. At least that is what explains the need for a cryptocurrency brokerage like Tagomi Holdings Inc. Launched by a former Goldman Sachs Inc. executive, Greg Tusar, the US startup…

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Circle’s OTC Crypto Trading Desk Saw $24 Billion in Volume in 2018

Crypto heavyweight Circle stated in a blog post that their OTC (Over-the-counter) business has facilitated over $24 Billion worth of trades. This is a huge number given that OTC trading volumes are not reported publicly and there have been growing discussions about institutional investor activity over crypto OTC desks. Circle Trade has become a core liquidity The post Circle’s OTC Crypto Trading Desk Saw $24 Billion in Volume in 2018 appeared first on CCN

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$15 Billion Bitcoin Mining Firm Bitmain is Losing Competitive Edge: Analyst

The bad news continues to pile up for bitcoin mining giant Bitmain ahead of its historic public offering. According to Bloomberg, market research firm Sanford C. Bernstein & Co. has published a report alleging that the China-based Bitmain, the world’s largest manufacturer of the application-specific integrated circuit (ASIC) devices that dominate the cryptocurrency mining industry, The post $15 Billion Bitcoin Mining Firm Bitmain is Losing Competitive Edge: Analyst appeared first on CCN

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Cryptocurrency-Backed Loan Service SALT Lending Expands Network to 35 States

Cryptocurrency-collateralized loan provider SALT Lending has announced that it is now operational in 35 U.S. states after receiving regulatory approval to expand its network to 20 new localities. The Colorado-based firm is perhaps the best known of several companies that allow borrowers to stake their bitcoin and other cryptocurrency assets as collateral when applying for The post Cryptocurrency-Backed Loan Service SALT Lending Expands Network to 35 States appeared first on CCN

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Crypto Exchange Coinbase Thinks It’s Worth $8 Billion: Report

Cryptocurrency exchange and brokerage giant Coinbase internally values itself at $8 billion, sources familiar with the company’s offer to purchase Bitcoin startup Earn.com say. Tech news outlet Recode reports that when Coinbase acquired Earn.com last month, its offer included an equity package that tacitly valued the exchange operator at $8 billion. That’s a significant step The post Crypto Exchange Coinbase Thinks It’s Worth $8 Billion: Report appeared first on CCN

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Long Blockchain Stock Price Fizzles as Ex-Beverage Maker Faces Nasdaq Delisting

Long Blockchain’s stock price is in free fall following the announcement that its shares are set to be delisted from the Nasdaq Stock Market. Shares for the ex-beverage producer (LBCC) — formerly known as Long Island Iced Tea — closed at $1.10 on Wednesday, representing a single-day decline of 37 percent and an 88 percent The post Long Blockchain Stock Price Fizzles as Ex-Beverage Maker Faces Nasdaq Delisting appeared first on CCN

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Ethereum ASIC Miners Set to Hit the Market as Bitmain Begins Taking Preorders

The first Ethereum ASIC miners are about to hit the market, ushering in a new — and potentially disruptive — era for the second-largest cryptocurrency. Chinese mining hardware manufacturer Bitmain announced on Tuesday that it was accepting preorders for the Antminer E3, which is believed to be the first ASIC miner compatible with the Ethash … Continued The post Ethereum ASIC Miners Set to Hit the Market as Bitmain Begins Taking Preorders appeared first on CCN

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South Korea’s Largest Cryptocurrency Exchange Partners BitPay for Remittance

Bithumb, South Korea’s largest cryptocurrency exchange, has partnered with major cryptocurrency payment processor BitPay to facilitate international remittance payments. US and South Korea Sonny Singh of Bitpay, the chief commercial officer at BitPay, stated that the company is on track to process $4 billion worth of transactions in 2018, and the team is focused on The post South Korea’s Largest Cryptocurrency Exchange Partners BitPay for Remittance appeared first on CCN

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