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Bitcoin Trading at a $300 Premium on Bitfinex Amid Tether Decline

Speculation is rife that people are selling Tether in exchange for Bitcoin. This has led to Bitcoin trading at around a $300 premium on the Bitfinex exchange. Those using the Bitfinex exchange are finding that Bitcoin is trading at roughly a $300 premium compared to other exchanges. Many believe the price upswing is because traders…

Huobi’s US Exchange Sees 30% Boost in Trading for Tether Alternative

A U.S. cryptocurrency exchange is reporting dramatic increases in trading of tether (USDT), the controversial stablecoin that lost its dollar peg this week, and one of the new alternatives. At HBUS, the U.S. affiliate of the Singapore-based Huobi exchange, both deposits and withdrawals of USDT “have increased by over 10x over the last two days,” a company spokesperson…

LINE’s Cryptocurrency Exchange Lists Its Own Token for Trading

The crypto exchange launched by Japan’s largest social network, LINE, announced the listing of its own token LINK (LNK) for trading against Bitcoin, Ethereum, and Tether. LNK Up For Trading on Bitbox Bitbox, the cryptocurrency exchange launched by messaging giant LINE, announced that it will list its very own token for trading against major digital…

Argentina, Venezuela, and Egypt Post Record P2P Bitcoin Trading Volumes

During October 2018, Bitcoin trading volumes on the peer-to-peer (P2P) platform LocalBitcoins reached peak levels in Argentina, Venezuela, and Egypt. Elsewhere, places like Croatia and Switzerland are at their lowest levels since the start of 2018. Bitcoin is a Haven Asset in Argentina With the continuing economic crisis in Argentina, it is perhaps unsurprising to…

Fidelity Will Open Cryptocurrency Trading to Its 27 Million Customers

On the heels of a massive 10% price jump in Bitcoin (BTC) 00 and after a rocky week for the stock market, Fidelity has announced plans to store and trade digital currencies for their institutional clients. Currently, Fidelity manages $7.2 trillion dollars in total assets, and services more than 27 million customers. Fidelity is leading the…

Fidelity Reveals Cryptocurrency and Digital Asset Trading Platform

Financial services provider Fidelity Investments is launching a cryptocurrency trading and storage platform. Fidelity Digital Asset Services, LLC will provide cryptocurrency custody and trading services for enterprise clients, the company announced Monday. Tom Jessup, who is heading up the new division, announced the platform at Bloomberg’s Institutional Crypto event. It hopes to draw institutional investors, including…

Barclays Puts Its Cryptocurrency Trading Project ‘On Ice’

London-based multinational investment bank agiant Barclays has reportedly halted work on its cryptocurrency trading project. Barclays Stops Cryptocurrency Trading Project One of the leading multinational investment banks Barclays has put its work on a cryptocurrency trading project to an end or “on ice,” Financial News London reports, citing two people familiar with the matter. Earlier this year,…

Crypto Trading Ban Won’t Work, Says Hong Kong’s Top Financial Regulator

Carlson Tong Ka-shing believes Hong Kong needs a more robust regulatory framework for cryptocurrency trading. The soon-to-be former head of the Hong Kong Securities and Futures Commission (SFC) has called for greater emphasis on investor protection in the volatile virtual currency trading arena. Blanket Cryptocurrency Trading Ban isn’t the Right Approach Speaking to South China…

Humans to Become Nearly Redundant in Crypto Trading

Call it counterintuitive, but blockchain could be considered less transparent now than the stock market. How so? Blockchains are apparently open, and anyone can see which token went where, after all. Well, yes and no. Blockchain is a forest, and a forest is the best place in the world to hide a leaf. We know…

Winklevoss Twins’ Gemini Crypto Exchange Gets Regulatory Green Light for Litecoin Trading

U.S.-based cryptocurrency exchange Gemini, owned by the Winklevoss twins, has sealed regulatory approval to add Litecoin (LTC) custody and trading. The news comes from an official Medium blog post published Friday, Oct. 12. Gemini’s vice president of engineering, Eric Winer, informs Gemini traders that they can begin depositing Litecoin into their exchange accounts as of…