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| December 13, 2018

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CNN

Gunman opens fire on church in Brazil, killing 4 people

December 12, 2018 |

A gunman opened fire on a church in the Brazilian city of Campinas on Tuesday, killing four people before turning the gun on himself, CNN affiliate Record TV reported.
CNN.com – RSS Channel – Regions – Americas

Coinbase Opens the Door to More Than 30 New Cryptocurrencies

December 8, 2018 |

Coinbase has announced that it plans to list over 30 cryptocurrencies, with many more to follow. In its largest listing spree to date, the California-based exchange will add dozens of cryptocurrencies in the coming months, including dai, mana and neo. Moving forward, Coinbase ultimately plans to add over 90 percent of “all compliant digital assets.”

Also read: SEC to Decide Fate of Vaneck Solidx Bitcoin ETF by Late February

Coinbase Embarks on a Listing Blitz

Coinbase Opens the Door to More Than 30 New CryptocurrenciesOn Dec. 7, Coinbase shared an ambitious plan to list scores of digital assets. The eight cryptocurrencies it currently supports, BCH, BTC, ETH, LTC, ETC, ZRX, ZEC, and BAT, will soon be complemented by over 30 more. A company blog post explained: “Coinbase’s goal is to offer support for all assets that meet our standards and are fully compliant with local law. Over time, we intend to offer our customers access to greater than 90% of all compliant digital assets by market cap.”

While focused on ERC20 tokens, the listing blitz will also include assets operating on other networks such as NEO and XRP. Ripple’s native cryptocurrency had long been a source of speculation, with both the company and its token-holders eager for XRP to be added to the dominant U.S. exchange. While their wish will now come true, ripple will have to share the limelight with many other tokens scheduled to be added around the same time.

Coinbase to Compete With Token-Rich Exchanges Such as Binance

Coinbase Opens the Door to More Than 30 New CryptocurrenciesOne of the main drivers behind Coinbase’s aggressive listing policy will be the desire to claim a slice of the trading volume being absorbed by token-rich exchanges such as Binance, which operates 393 markets. Okex has 415 and Huobi 290 trading pairs. Coinbase made record profits last year, but its financials for 2018 will show a major drop in revenue as market conditions have reduced the appetite among retail investors for cryptocurrencies such as BTC, ETH, and BCH.

The full list of cryptocurrencies Coinbase has shortlisted for addition comprises cardano (ADA), aeternity (AE), aragon (ANT), bread (BRD), civic (CVC), dai (DAI), district0x (DNT), enjincoin (ENJ), EOS (EOS), golem network (GNT), iost (IOST), kin (KIN), kyber network (KNC), chainlink (LINK), loom network (LOOM), loopring (LRC), decentraland (MANA), mainframe (MFT), maker (MKR), NEO (NEO), omisego (OMG), poet (POE), quarkchain (QKC), augur (REP), request network (REQ), status (SNT), storj (STORJ), stellar (XLM), ripple (XRP), tezos (XTZ), and zilliqa (ZIL).

Coinbase Opens the Door to More Than 30 New Cryptocurrencies

“Some of these assets may become available everywhere, while others may only be supported in specific jurisdictions,” concluded the blog post. Coinbase Pro has since announced that it will begin accepting deposits for civic, district0x, loom, and mana ahead of trading commencing.

What are your thoughts on the 30 cryptocurrencies Coinbase intends to list? Let us know in the comments section below.


Images courtesy of Shutterstock and Coinbase.


Need to calculate your bitcoin holdings? Check our tools section.

The post Coinbase Opens the Door to More Than 30 New Cryptocurrencies appeared first on Bitcoin News.

Bitcoin News

The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market

November 29, 2018 |

The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market

In Thursday’s edition of The Daily, we feature stories that show cryptocurrency exchanges continuing to develop advanced services designed to attract institutional investors. These include OTC trading, derivatives and futures.

Also Read: Major Video Card Supplier Enters Cryptocurrency Mining Business

Coinbase Launches Dedicated OTC Desk

The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives MarketCoinbase has launched an over-the-counter (OTC) trading desk. The initiative went live earlier this month exclusively for its Prime members, who include hedge funds and other agency-level businesses. These high-rolling clients can now use the service to trade cryptocurrency via direct communication methods such as Skype, email and by phone, as is common for OTC desks in other markets.

“We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading,” said Christine Sandler, head of sales at Coinbase, in an interview with Cheddar. “We felt this was a huge benefit to our clients to actually leverage both our exchange and our OTC business.”

Unlike other OTC desks, Coinbase claims it is not a counter-party in the deals it helps clients complete. The company plans to eventually offer delayed settlement and perhaps integrate this with its custodial service.

Huobi Opens Crypto Derivatives Market

The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives MarketHuobi announced on Wednesday, Nov. 28, it has opened a cryptocurrency derivatives market in beta, now available in selected countries. The contracts available on the new platform enable traders to buy or sell at predetermined prices on a weekly and quarterly basis. The Huobi DM exchange offers up to 20x leverage, and includes investor protections such as a 20,000 BTC insurance fund against catastrophic security failures.

“Cryptocurrency is a rapidly expanding and maturing market,” said Joshua Goodbody, General Counsel of Huobi’s Global Institutional team. “As part of that maturation, we see more and more sophisticated investors and traders from more established financial markets looking to gain exposure, including institutional players. At the same time, we think many experienced, successful cryptocurrency traders are looking for a broader range of investment tools than has traditionally been available. Huobi DM is tailor-made to address these sorts of needs.”

The platform is not currently available to users from the U.S., Singapore, Israel, Iraq, Hong Kong, Cuba, Iran, North Korea, Sudan, Malaysia, Syria, Eastern Samoa, Puerto Rico, Guam, Bangladesh, Ecuador and Kyrgyzstan.

Nasdaq Teams Up With Vaneck on Futures

Just as cryptocurrency exchanges are looking to attract institutional traders, traditional operators are setting their sights on crossing over to the other side.

Nasdaq, for example, now plans to launch regulated bitcoin futures-type contracts in the first quarter of 2019. This is due to a partnership with MV Index Solutions, a Vaneck company with about $ 14 billion invested in its products, which last week launched an OTC Spot Index.

The cooperation was recently revealed by Gabor Gurbacs, director of digital asset strategies at Vaneck/MVIS.

The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market appeared first on Bitcoin News.

Bitcoin News

Norway Revokes Mining Subsidies, Bitmain Opens Washington Facility

November 23, 2018 |

Norway Revokes Mining Subsidies, Bitmain Opens Washington Facility

In mining news, Norway will revoke electricity subsidies currently available to cryptocurrency miners at the start of next year. Also, Bitmain has opened a 12 megawatt data center in East Wenatchee, Washington, and Bitfury has announced new additions to its advisory board and board of directors.

Also Read: Markets Update: Dump Drives Record BTC Volume on Binance, XRP Extends Lead Over ETH

Norway to Revoke Electricity Subsidies to Miners

Norway Revokes Mining Subsidies, Bitmain Opens Washington FacilityNorway’s government has moved to cease electricity subsidies that are currently available to cryptocurrency miners in its new state budget agreement. As a result, from January 2019 onward, the country’s miners will have to pay normal power rates.

Norwegian parliamentary representative Lars Haltbrekken cited stigma pertaining to the environmental impact of cryptocurrency mining leading to criticism of the subsidy. He stated that Norway “can not continue to provide tax incentives for the most dirty form of cryptographic output as bitcoin.”

Roger Schjerva, chief economist at Ict Norway, highlighted his concern regarding the lack of industry consultation over the removal of the concessions. Schjerva asserted that the new budget has “changed framework conditions without discussion, consultation or dialogue with the industry,” adding “Norway scores high on rankings of political stability and predictable framework conditions, but now the government is gambling with [its] credibility.”

Bitmain Opens 12 MW Facility in Washington

Norway Revokes Mining Subsidies, Bitmain Opens Washington FacilityBitmain has opened a $ 20 million 12 megawatt data center near Wenatchee airport in Douglas County, Washington. The East Wenatchee facility is expected to employ 20 people.

Jeff Stearns, Bitmain’s director of operations for North America, stated that the company is “focused on the long-term” in spite of the cryptocurrency downtrend, adding: “I would say in this bear market situation, and I would call it that at this point in time, that really represents opportunity for a company such as ourselves.”

Evan Wendlandt, the Washington State Department of Commerce business development manager, described the opening of the facility as “a big win” for the region.

Former SEC Commissioner Joins Bitfury Advisory Board

Norway Revokes Mining Subsidies, Bitmain Opens Washington FacilityBitfury Group has announced the addition of former United States SEC member Annette Nazareth to the company’s advisory board. Nazareth’s role with the company will see her provide guidance regarding regulatory advancements, in addition to company growth and insight on the financial markets.

Bitfury also announced the addition of Antoine Dresch, the co-founder of Korelya Capital, to its board of directors.

Do you think the removal of Norway’s mining subsidies will drive miners to relocate to alternative jurisdictions? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Wikipedia


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Norway Revokes Mining Subsidies, Bitmain Opens Washington Facility appeared first on Bitcoin News.

Bitcoin News

Gunman Opens Fire at Chicago Hospital

November 20, 2018 |

A gunman opened fire Monday at a Chicago hospital, wounding at least four people, including a police officer and a hospital employee, authorities said. Per the AP , a police spokesman said the gunman was dead, but it was not immediately clear if he took his own life or was killed…
Newser

TMZ

CMA Awards Opens With Dedication To Thousand Oaks Bar Shooting Victims

November 15, 2018 |

Garth Brooks opened the 2018 Country Music Awards with a dedication to the 12 people who were shot dead last week in the horrific massacre at a country bar in California.  Garth began the evening by lovingly dedicating the award show to the…

TMZ.com

Mint Exchange Opens Trading for FX Brokers and Institutions

November 14, 2018 |

Mint Exchange Opens Trading for FX Brokers, Asset Managers and Institutions

As cryptocurrency is steadily taking over the online forex trading industry, more and more specifically tailored solutions are being developed. The latest example is an institutional-grade venue built on the widely used Integral FX platform, Mint Exchange.

Also Read: GMO Internet Reports Crypto Exchange Profit Up Over 34% in Q3 2018

Refreshing New Taste for FX Brokers

Mint Exchange Opens Trading for FX Brokers and InstitutionsMint Exchange officially launched publicly today, Nov. 14, as a cryptocurrency clearinghouse providing access to major exchanges, brokers and market makers through a single gateway. It is meant to offer better liquidity for institutions to trade across cryptocurrency markets, while keeping their capital in the secure environment they are used to. The exchange maintains development, support, and sales offices in Palo Alto, California, London, and New York.

The company behind the new clearinghouse says that many of the top global FX brokers are already trading cryptocurrencies on Mint Exchange. “We’re addressing an enormous unmet need in the growing cryptocurrency market,” comments Harpal Sandhu, Chairman of Mint Exchange and CEO of Integral. “FX brokers, asset managers, and institutions have largely remained on the sidelines of the cryptocurrency market waiting for a trusted partner to deliver a robust, professional-grade exchange. They expect to manage their crypto trading in one secure location. That’s what Mint Exchange offers.”

Exchange Built on the Integral FX Platform

Mint Exchange Opens Trading for FX Brokers and InstitutionsFounded in 1993, Integral is a cloud-based workflow management and trading technology provider for banks, brokers, and asset managers operating in the foreign exchange market. Its services are reportedly used by more than 200 financial institutions, including Bank of America, Citi, UBS, Wells Fargo and more. “Integral processes over $ 40 billion/day in fiat currency trading, so we’re confident that it can handle our cryptocurrency volumes,” Masato Kikuchi, Managing Director of Mint Exchange, explained why they licensed the platform.

“As more institutional players enter the crypto-asset market, liquidity providers need sophisticated technology and risk management tools to service their needs. Mint Exchange was the first to deliver a complete solution that also includes robust security and custody,” commented Todd Morakis, Co-Founder of JST Systems in Singapore, one of the launch partners of the new venue.

Why is cryptocurrency support now a must-have for everyone in the online FX trading industry? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Mint Exchange Opens Trading for FX Brokers and Institutions appeared first on Bitcoin News.

Bitcoin News

Huobi Opens Office in Russia, Plans Startup Accelerator and Mining Hotels

November 8, 2018 |

Huobi Opens Office in Russia, Plans Startup Accelerator and Mining Hotels

The Russian branch of digital asset exchange Huobi is scheduled to open on Nov. 12 with a Russian-language website and local support services. The global cryptocurrency company wants to support Russian startups and mining projects, in addition to launching an educational program.

Also read: Abu Dhabi Securities Exchange to Create Infrastructure for Cryptocurrency Assets

New Branch to Maintain Russian Call Center

Huobi Global Senior Director Edward Chen and Andrei Grachev, head of the Russian office, announced the launch date during the Blockchain Life conference in Saint Petersburg this week. They revealed that the branch will provide 24-hour online support and maintain a call center with Russian-speaking account managers. Huobi, which is currently the third-largest cryptocurrency exchange by daily trading volume, plans to establish an accelerator for blockchain projects, Russian news outlet Bitnovosti reported. The incubator will look for promising startups in partnership with a network of regional chambers of commerce throughout the Russian Federation.

Huobi Opens Office in Russia, Plans Startup Accelerator and Mining Hotels

Huobi’s office will also launch an educational program that will focus on cryptocurrency and distributed ledger technologies. The exchange will cooperate with leading Russian universities and other organizations on the initiative. Plekhanov University of Economics, the oldest Russian business school, and the prestigious Moscow State Institute of International Relations are already among its partners, according to Grachev. Students will be trained in the specifics of digital asset management and taught about the automated and algorithmic trading services offered by Huobi.

The Singapore-based company also intends to participate in the development of so-called mining hotels in Russia. In recent months, the number of these facilities has been growing exponentially, as they offer relatively inexpensive “accommodation” for small mining farms, which tend to be too noisy and energy-thirsty to be housed in offices and homes. Rental rates depend on the power rating of the mining devices. For example, ASIC and GPU rigs can be installed in a Moscow-based hotel for between 1,100 and 3,200 rubles a month (~$ 17 – $ 48) plus 5 rubles (less than $ 0.08) per kWh of consumed electricity.

Global Expansion

Huobi Opens Office in Russia, Plans Startup Accelerator and Mining HotelsThe news about the Russian office comes after Huobi’s recent announcement of plans to expand its operations into new cryptocurrency markets around the world, including Africa, South Asia and the Middle East. In October, the company revealed its intention to set up a regional head office in Dubai. Much like the Russian office, the branch in the United Arab Emirates will not only facilitate digital asset trading, but also focus on blockchain project incubation and educational services for customers in the three regions.

The company, which has Chinese roots, revealed earlier this year that it will also launch platforms in the Philippines, Taiwan, Indonesia and Canada, in cooperation with local organizations and companies. Vnesheconombank, a government-owned development bank, is its partner in the Russian Federation.

This past summer, Huobi announced the launch of a new cryptocurrency trading service targeting institutional investors. And in August, it presented Huobi Cloud, a platform that allows other companies to offer digital asset trading services using the existing infrastructure of one of the world’s leading cryptocurrency exchanges.

What do you think about Huobi’s plans for global expansion? Tell us in the comments sections below.


Images courtesy of Shutterstock.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Huobi Opens Office in Russia, Plans Startup Accelerator and Mining Hotels appeared first on Bitcoin News.

Bitcoin News

Gunman Opens Fire at California Rehab Center

November 6, 2018 |

A gunman opened fire Monday inside a California rehab center that treats addicts who also have psychiatric problems, killing a man and wounding two others before fleeing, authorities said. Detectives said they were aware of the shooter’s identity, but would not release the person’s name because of the ongoing investigation,…
Newser

CNN

World’s tallest statue opens

October 31, 2018 |

The 597-foot-tall sculpture of Sardar Patel is the latest product of a nationwide wave of statue-building.
CNN.com – RSS Channel – World