Coinspeaker
IEO: the Replacement for ICO Raised a Total of 262 Million in 2019
Though only half of the projects that participated in IEO in 2019 were profitable, the research indicates that the cumulative returns to be garnered over the span of 6 months could amount to 44% ROI.
IEO: the Replacement for ICO Raised a Total of 262 Million in 2019
Continue reading at Coinspeaker
Source: CoinSpeaker
Coinspeaker
CFTC Investigates Crypto Exchange BitMEX Over Client Trades
The U.S. Commodity Futures Trading Commission (CFTC) is reportedly probing crypto derivatives exchange BitMEX to determine whether it broke rules by allowing U.S. traders on its platform.
CFTC Investigates Crypto Exchange BitMEX Over Client Trades
Continue reading at Coinspeaker
Source: CoinSpeaker
Coinspeaker
With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?
With institutions now firmly in on the game, crypto is entering a new era. This is great news for retail investors, as many of funds, derivatives, and other financial instruments are also open to individuals now.
With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?
Continue reading at Coinspeaker
Source: CoinSpeaker
Coinspeaker
KuCoin Derivatives Platform KuMex Kicks Off with a 20x Leverage on Bitcoin Perpetual Contract
The IDG-backed cryptocurrency trading platform KuCoin recently launched its affiliate derivatives platform – KuMex initiating a ceaseless Bitcoin contract leveraging to the tune of 20x.
KuCoin Derivatives Platform KuMex Kicks Off with a 20x Leverage on Bitcoin Perpetual Contract
Continue reading at Coinspeaker
Source: CoinSpeaker
Coinspeaker
CoinMarketCap Makes Its First Acquisition to Provide ‘True Prices’ for Cryptos
CoinMarketCap has made its first-ever acquisition. The company acquired is Hashtag Capital, a startup involved in developing algorithms that analyze ‘all points of available liquidity’ to more accurately reflect an asset.
CoinMarketCap Makes Its First Acquisition to Provide ‘True Prices’ for Cryptos
Continue reading at Coinspeaker
Source: CoinSpeaker
Coinspeaker
Crypto Exchange Bittrex Launches Decentralized Storage Project LAMB
Bittrex, a global leader in the blockchain revolution announced to list Lambda – a data storage blockchain protocol, commited to creating a secure, reliable, and unlimited storage network for Value Internet.
Crypto Exchange Bittrex Launches Decentralized Storage Project LAMB
Continue reading at Coinspeaker
Source: CoinSpeaker
Decentralized trading platform, Bancor, recently announced in a blog post that citizens of the United States will no longer be able to use the Bancor application to convert tokens. However, users with Bancor wallets will still be able to log-in, hold tokens, and transfer tokens from the United States. Only conversion functionality will be disabled, the […]
The post Bancor reacts to increasing regulatory uncertainty; will disable conversion functionality for U.S users appeared first on AMBCrypto.
Source: AMB Crypto
Cryptocurrency market regulations in the US are surely drawing out a clear distinction between the cryptocurrencies it wishes to allow. Binance announced a significant shift of its operations in the US from the original Malta-based exchange to a domestic Binance Exchange in the US.
While the move seems trivial at the moment, the reason for the shift itself raises apprehensions for some cryptocurrency investors.
Recently, after Poloniex decided to restrict some crypto-tokens on its Exchange for its US customers. Now, Bittrex International is doing to same. Moreover, the number of coins delisted for US users on Bittrex is more significant than Poloniex.
Bittrex Delisting Coins for US customers on June 21, 2019 (Source)
Notably, while the list is comparatively long, it does not include a few coins delisted by Poloniex like Augur (REP), Ardor (ARDR) and Lisk (LSK) which will continue to trade on Bittrex.
Bittrex Delisting Coins for US customers on June 28, 2019 (Source)
The exclusion process from the Exchange is possibly influenced by new securitization laws to be imposed in the US with the release of Facebook’s cryptocurrency, Globalcoin/Libra on the horizon. Binance has not listed the coins that will be included on the US platform, which is expected to be released before 12th September when trading will stop for US customers. Nevertheless, a lesser number of cryptocurrencies can be expected from the ones available on the Exchange.
The US is the largest economy in the world, which usually sets a precedent for other countries as well. Hence, the securitization laws in the US which are expected to be applied by the SEC inevitably influence reforms in other countries as well. The cryptocurrency market is maturing and is up for an upgrade. Hence, the regulatory watchdogs will be looking to eliminate high risk and ambiguous projects from their economy.
Do you think that the altcoin markets will be filtered for good or the new laws will destroy the crypto0markets? Please share your views with us.
The post Cryptocurrency Exchange Lists 75 Tokens to be Blocked for US Customers appeared first on Coingape.
Source: CoinGape
Binance, the largest and most reputed cryptocurrency exchange in the world seems to have a larger impact on the cryptocurrency market than what was perceived. Bittrex, the Seattle-based exchange has followed suit announcing an update for their US customers.
On June 14, the Changpeng Zhao-led exchange updated their Terms of Service, which led to their US customers losing access to trading services on the exchange. The restriction of US-based customers will be accompanied by the launch of Binance.US, an American specific cryptocurrency exchange, in association with FinCEN registered BAM trading services.
Less than a day after Binance announced its decision to quit, albeit temporarily, the US market, Bittrex revealed its “Market Availability Changes for U.S. Customer.” The change in service which will be effective from June 28 will see over 40 cryptocurrencies “transition” to Bittrex International.
The terms stated,
“This change DOES NOT affect the availability of these markets on Bittrex International for non-U.S. Customers. “
Source: Bittrex
Bittrex stated that the US customers can buy or sell the coins and tokens, any open order can be canceled or replaced or the assets can be withdrawn, all prior to the above-mentioned date.
However, post 28 June, the US customers cannot engage in any transaction related to the digital assets, but withdrawal and holding of the same will be allowed “for as long as Bittrex International supports a market in those Tokens/Coins.”
With prominent virtual currencies amassing millions in market cap like Aragon [ANT], Civic [CVC], TenX [PAY] among others, removed from the BittrexUS market, there seems to be an “altcoin exodus” in the mix. Many analysts have opined that this could trigger a domino effect with other exchanges following suit, leading to several little known altcoins being dumped.
Don Alt tweeted,
“This is an altcoin exodus.
If we assume these coins will all not be on Binance US either (Regulation for Bittrex and Binance is the same) they’ll lose the entirety of the US market.”
These alts might not capitulate into nothingness, they might just get delisted into it.
Hailey Lennon of bitFlyer, stated,
“Regulators now have multiple examples of how regulation stifles innovation in the US”
The post Bittrex follows Binance’s cue, delists over 40 altcoins from Bittrex US; sign of things to come? appeared first on AMBCrypto.
Source: AMB Crypto
News that the world’s largest crypto exchange by trading volume, Binance, has curtailed services to US customers sent shockwaves across the crypto community yesterday. Today it is the turn of Bittrex which has followed suit by announcing that certain markets will no longer be accessible to US clients.
Crypto Assets Moving to Bittrex International
In an email to its users and an official announcement on its website, Seattle Washington-based Bittrex stated that it would be making major market availability changes for US customers on June 28. What followed was a list of altcoins that it would be moving to its international platform.
Altcoin markets closing to US customers.
The exchange added that US customers will be sent an additional email advising what they can and cannot do with their affected tokens. After the affected change date US customers will not be able to buy and sell any of these tokens.
Any open orders will be cancelled on the change date but users can still withdraw or hold the tokens in their Bittrex wallets as long as they are still supported on Bittrex International. Non-US customers will still be able to trade all of the affected tokens. The notice added;
“Like other industry participants, we will continue to advocate for laws and regulations that foster innovation.”
In the FAQ section below the announcement elaborated that certain markets will no longer be accessible to US customers and they will have access to a more limited number of markets than are available to non-US customers on Bittrex International.
Bittrex stated that wallets and custody will remain ‘reasonable time after the market is removed’ to US users. There was a vague answer to the question; “Is Bittrex leaving the US?” which appeared to indicate that the company was slowly shifting its primary operations to its international platform.
The crypto sphere is still reeling from yesterday’s Binance announcement that it would be launching a US based exchange with a limited number of tokens. US regulators have been constantly pressuring the industry which has resulted in drastic measures by crypto exchanges that end up punishing US citizens by limiting their options.
Neither Binance nor Bittrex would want to lose the huge slice of the trading pie that the US represents but they need to play ball with fickle regulators and stringent policies. Binance has decided to partner with FinCEN-registered firm, BAM Trading Services, in order to launch a US compliant exchange there.
Market Reaction
A number of the lower cap altcoins mentioned in the Binance list did dump a little on the announcement but generally crypto markets are up today, lifted by Bitcoin which has broken through resistance and reached $8,700 again.
Image from Shutterstock
The post Altcoin Crypto Trading Axed For Americans as Bittrex Follows Binance appeared first on NewsBTC.
Source: New feedNewsBTC.com
Coinspeaker
Standard Tokenization Protocol to Conduct IEO on Bittrex International
Standard Tokenization Protocol, a globally compliant open-source standard and decentralized network for the tokenization and issuance of any asset, announced today it will be conducting its initial exchange offering on Bittrex International.
Standard Tokenization Protocol to Conduct IEO on Bittrex International
Continue reading at Coinspeaker
Source: CoinSpeaker
Coinspeaker
Cryptocurrency Exchange Platform Bitsdaq Announces the Launch of Its IEO
Bitsdaq, a secure, reliable, and advanced platform for digital assets that operates in Asia, is proud to announce the launch of its native Bitsdaq Token IEO.
Cryptocurrency Exchange Platform Bitsdaq Announces the Launch of Its IEO
Continue reading at Coinspeaker
Source: CoinSpeaker
Coinspeaker
CRED: The DeFi App That is Disrupting Lending
Cred, a decentralized lending ecosystem that facilitates access to credit using cryptos as collateral, is set to disrupt the traditional lending market.
CRED: The DeFi App That is Disrupting Lending
Continue reading at Coinspeaker
Source: CoinSpeaker
Coinspeaker
Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?
In this post, by blockchain expert and professional tech researcher Gregory S Mathew, you’ll find what Initial Exchange Offering (IEO) is, how it differs from ICO and why this new fundraising model is widely considered to be crypto industry’s next disrupter.
Initial Exchange Offerings (IEOs): The Next Disruptive Force in the Crypto Space?
Continue reading at Coinspeaker
Source: CoinSpeaker
Coinspeaker
Huobi Announces the Lauch of Its Fully Regulated OTC Desk
The newly introduced fully regulated Huobi OTC Desk is targeted at high net worth individuals and institutional investors.
Huobi Announces the Lauch of Its Fully Regulated OTC Desk
Continue reading at Coinspeaker
Source: CoinSpeaker
