Crypto Payments Processor BitPay to Support Paxos Stablecoin

Crypto startup Paxos is partnering with payments firm BitPay to allow the latter’s merchants utilize the Paxos Standard stablecoin in settling transactions. Announced Tuesday, the move will give BitPay clients the ability to conduct transactions using a cryptocurrency while maintaining the “the trust and stability of the U.S. dollar,” according to press statements. BitPay’s overseas […]

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ICE’s Bakkt Delays Bitcoin Futures Launch to January

The Intercontinental Exchange’s bitcoin futures trading platform is delaying its product launch. Bakkt’s first product, which was first unveiled this past August, has been postponed to as early as Jan. 24, 2019. Trading and warehouse operations are both expected to begin on that date. The platform explained that “the new listing timeframe will provide additional […]

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UK Could Ban Some Crypto Derivatives, Says Financial Watchdog Exec

The U.K.’s Financial Conduct Authority (FCA) is considering a ban on some cryptocurrency-based derivatives, a senior executive has said. Speaking at an event in London covering the regulation of cryptocurrencies, Christopher Woolard, executive board member and director of strategy and competition at the FCA, said that the watchdog has concerns that retail investors are being […]

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Bitcoin’s Price On Pace to Post Worst Month Yet in 2018

Bitcoin’s drop to 13-month lows has likely put the cryptocurrency on the path to post its worst monthly loss of 2018. The leading cryptocurrency is currently trading at roughly $4,700 – down roughly 26 percent from the monthly opening price of $6,320 – according to CoinDesk market data. As of now, November is the second-worst […]

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Report: US Officials Are Probing Tether Role in Bitcoin Market Manipulation

The U.S. Department of Justice (DOJ) is increasingly focusing a months-long investigation into crypto market manipulation on the tether stablecoin, a report says. Citing individuals familiar with the probe, Bloomberg reported Tuesday that the DOJ is looking into whether crypto exchange Bitfinex and Tether Ltd. have pushed bitcoin’s price up using the stablecoin. Specific details […]

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OKEx Blasts ‘Defamatory’ Allegations Amid BCH Futures Settlement Furor

Cryptocurrency exchange OKEx has pushed back against allegations made by Hong-Kong based trading firm Amber AI over its early settlement of bitcoin cash (BCH) futures contracts last week. Calling a Monday blog post from the firm “defamatory,” OKEx said in a statement on Tuesday that the allegations are “completely false” and have caused “serious damages” to its […]

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Russian ICO That Impersonated Bank Hit With Cease-and-Desist

North Dakota’s securities watchdog has issued a cease-and-desist order against a Russia-based initial coin offering (ICO) that appeared to impersonate Liechtenstein-based Union Bank AG to promote “unregistered and potentially fraudulent securities.” On Monday, Karen Tyler, commissioner of the North Dakota Securities Department, said that the website of the supposed ICO project – called Union Bank Payment […]

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Bitcoin Price Drops to $4,200 Despite Record Low On RSI

Bitcoin’s price continues to slide despite the oversold conditions signaled on the technical charts for the last six days. The leading cryptocurrency by market capitalization fell to $4,200 soon before press time – a price low not seen since Oct. 5, 2017 – and was last seen trading at $4,484, according to CoinDesk’s Bitcoin Price […]

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