CryptoTraderNews Archives - Page 18 of 20

ThursdayMay 16, 2019 10:52 am

Cryptopia Heads to the Crypt

It was arguably all but written in stone months ago, especially after the crippling mid-January hack, but Cryptopia has officially gone into the great crypto beyond. Announced Tuesday evening on their official Twitter feed and then posting a news release on their website Wednesday morning, Cryptopia revealed that they had appointed Grant Thornton New Zealand’s Russell Moore and David Ruscoe as liquidators. Rumblings about the fate of the exchange began just before the official tweet as people noticed the website was inaccessible and trading appeared to have been halted. The press release is short and not-so-sweet and directs additional enquiries…

WednesdayMay 15, 2019 12:12 pm

4 Reasons Why Elon Musk Should Consider Bitcoin as Mars’ Currency

Elon Musk wants to start a colony on Mars as soon as 2024. That in itself is a technological marvel, but once the voyage is done and the infrastructure is built, the team of SpaceX pioneers will have to undergo a new challenge—building a functioning society. What that society looks like is anyone’s guess, but they’ll more than likely need to have some sort of financial system in place. Should they use a fiat currency like the US Dollar or Euro, come up with their own currency, or look towards blockchain technology for help? Here are four reasons why we…

TuesdayMay 14, 2019 10:26 am

Tokenized Mortgages on Ethereum

Initial coin offerings (ICOs) might have had its day, security token offerings (STOs) seem to have taken over. As such, it is no surprise to see Fluidity, Ethereum’s first ever tokenized security platform. The platform is built on the Ethereum platform and uses smart contracts to tokenize assets. It collaborates with dealer-brokers who are registered and regulated by the Financial Industry Regulatory Authority (FINRA). It then issues security tokens for them through its intricate yet detailed programmable compliance mechanism. The programmable compliance is a set of processes that checks whether a token or a security meets certain requirements. These requirements…

MondayMay 13, 2019 1:42 pm

Figure Technologies and Provenance

Mike Cagney, a leader in SoFi, has “closed an up to $1 billion uncommitted asset-based financing facility on the Provenance.io blockchain with Jeffries and WSFS Institutional Services”. The startup uses Provenance.io to “originate, finance, and sell its HELOC loans to banks, asset managers, and credit funds” natively on the blockchain. Provenance will be instrumental by acting as a custodian and the facilitator of transactions within the system. At the current moment, Figure Lending utilizes Provenance to originate, fund, transact, and service HELOC loans to financial institutions. Figure Lending aims to utilize Provenance to move toward the important aspect of securitization…

FridayMay 10, 2019 10:41 am

2020 Elections: Donald Trump’s Views on Crypto

With the 2020 elections already stirring emotions on all sides of the dice and multiple cryptocurrencies enjoying a strong Q1 and promising start to Q2, it has been a bit of a surprise that Trump hasn’t solidified his stance on the industry. After last year’s executive order establishing a Task Force on Market Integrity and Consumer Fraud with a mandate of providing “guidance for the investigation and prosecution” for a long list of fraud types including cybercrime and “digital currency fraud,” Trump appeared to be setting the groundwork for multiple agencies to take a longer and harder look at the…

ThursdayMay 09, 2019 12:01 pm

5 Tips for Building a Strong Crypto Portfolio

By now, cryptocurrency has become a household name. Although there are still a number of people who don’t truly understand cryptocurrency and blockchain technology, most people are familiar with names like Bitcoin and Ethereum thanks to the bull market in 2017. If you’re new to cryptocurrency and need a quick history lesson, 2017 was an incredible year for trading. Cryptocurrency soared more than 1500% in that year, and the price of bitcoin started around $900 and reached an all-time high of nearly $20,000 at the end of the year. A lot of people made a lot of money on cryptocurrency…

WednesdayMay 08, 2019 12:42 pm

Fidelity To Provide Institutional Trading Shortly

Fidelity Moves Forward With Crypto Initiative Fidelity will continue to invest in the future of digital assets with its foray into the cryptocurrency sector. Fidelity Investments has grown their blockchain and cryptocurrency division to lay down the foundation for services such as a bitcoin custody service. The financial services firm pressed forward with the latest component of its cryptocurrency services by providing trading services for its institutional investors. Fidelity and Institutional Solutions Fidelity Digital Assets, with its growing division, will provide “enterprise-grade custody and execution services for institutional investors”. The firm is laying down the blueprint for its vision of…

TuesdayMay 07, 2019 10:01 am

Top 5 Crypto Hardware Wallets

If you are day trading crypto or leveraging some of your digital assets, you might want to keep your tokens on an exchange or a hot wallet, but if you are accumulating to HODL or store your cryptocurrency in a safe place then you might seriously consider investing in hardware wallets. If you’re not familiar with it, a hardware wallet is a tamper-proof device that is specifically designed to store your private keys offline. It cannot be stressed enough that private keys must be kept in a safe, secure area and never shared with anyone or you risk losing your…

MondayMay 06, 2019 1:12 pm

Insight on PRIME XBT Exchange

As more mainstream conversations are turning to crypto, more investors are jumping on board to expand their portfolios, and with that more crypto companies are springing up every day to accommodate the growing interest. One such company is Prime XBT Exchange, which was founded this year, 2019. Being new on crypto landscape, we wanted to investigate it and review the platform for our Crypto Trader News Pro subscribers. Prime XBT is a new trading platform established on decades of brokerage expertise in traditional markets. Launched in early 2019, the platform offers margin trading with 1:100 leverage across all crypto assets…

FridayMay 03, 2019 9:42 am

PayPal Invests $500 Million In Uber

A year after eBay announced that it was dropping PayPal as a form of payment on its website, the payment processing giant has come out with a big investment to strengthen its partnership with Uber. According to PayPal’s president and CEO, Dan Schulman, the company has decided to expand on its partnership with Uber for “future payment collaborations” and “Uber’s digital wallet”. Schulman mentioned that the $500 million investment is going to be used for a private placement. With that being said, he remained tight-lipped on what the investment’s terms entailed. Uber’s IPO is Just Down the Line But even…