Ethereum & Ripple (XRP) Plunged, Tron Led Oct. Index

Twitter Facebook LinkedIn The month of October saw many altcoins continue to bleed out in price, with ethereum (ETH) and ripple (XRP) each declining by more than 10 percent. After almost ten months of mostly bearish price action in the cryptocurrency space, there was just one crypto token that managed to tread water in October — tron (TRX). Tron’s [Previously] Volatile Nature Tron’s October stability comes as a bit of a surprise for a coin that is often volatile. Earlier this year, Finder.com conducted a study ranking the top fifty…

Binance Signs Up 40,000 Crypto Traders in Its First Week in Uganda

Despite global market doldrums, demand for cryptocurrency appears to be booming across Uganda, a country where nearly three out of four people don’t have bank accounts. Revealed exclusively to CoinDesk, Binance Uganda signed up 40,000 users in the first week since the world’s largest crypto exchange launched its local subsidiary in October. The early results suggest a strong appetite among unbanked Ugandans for purchasing bitcoin or ether, the two coins the new Binance unit currently lists. According to a paper by Stanford University researchers recently published in the American Economic Journal, 74…

Bitcoin (BTC) Classified as an Asset by Morgan Stanley

Global investment bank Morgan Stanley has given Bitcoin bulls something to cheers about. The institution has stated that it classes Bitcoin as an institutional investment class. (And the day after Bitcoin’s birthday… how thoughtful) What this means is that it recognizes Bitcoin as a type of asset similar to shares, property, bonds, cash, or commodities. It also means good news for those hoping for a Bitcoin ETF. Research Concludes Bitcoin an Asset The bank’s research division reviewed the last six months of Bitcoin usage. What the researchers discovered was that…

Jamie Dimon Knocks Down Bitcoin Again—What’s He Saying Now?

JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon has always been tough when it comes to his stance on Bitcoin (BTC). Back in September of 2017, Dimon even went as far as calling it a “fraud.” He later retracted his statement and said that he was wrong for calling it a fraud but was still wary of the digital currency. Well, it seems Dimon has something different to say about Bitcoin now. Again. Jamie Dimon vs. Bitcoin (BTC): October 2018 Two days ago at an AXIOS conference, the CEO was asked…

Bitcoin Price Intraday Analysis: BTC/USD Recovers amid Vulnerability

Twitter Facebook LinkedIn Bitcoin on Thursday is trending inside a narrow trading channel, sustaining the 1 percent gain it made the previous day. The BTC/USD instrument is rebounding from the highs made during the Wednesday trading session, now 0.67 percent down at 6307-fiat. The high ticks in bitcoin’s volume index somewhat explain how new money has entered the bitcoin space in the past 24 hours. On the other hand, the US Dollar Index was on a downside corrective path on Wednesday, validating investors’ inclination towards redistributing their greenbacks back to…

World Crypto Con | Journalist Jordan French Wants You to Pitch Him

Welcome to the World Crypto Con Spotlight series. Today’s guest: Jordan French. World Crypto Con World Crypto Con (WCC) is a platform for industry leaders to share their knowledge of the cryptocurrency and blockchain space, as well as introduce their projects to the world. WCC welcomes both experts and novices to attend; there’s something for everyone. Our World Crypto Con Spotlight series will be focusing on moments from the conference, speaking to headliners about their experience with WCC. Thanks to World Crypto Con, we at CryptoCurrencyNews.com had the pleasure of…

Coinbase Token Attracts Capital But PAX Leads Trading

Twitter Facebook It’s now been nearly two months since Winklevoss-led cryptocurrency exchange Gemini fired the first shot in the stablecoin wars through the launch of its USD-pegged crypto token, the eponymous Gemini Dollar. That same day, Paxos — like Gemini an NYDFS-regulated firm — made a similar announcement, and before long, crypto unicorns Circle and Coinbase revealed that they had partnered to co-issue a consortium-led, fiat-backed token, USD Coin. These three tokens, along with fellow “regulated” stablecoin TrueUSD (TUSD), which launched earlier in the year, have collectively attracted more than…

Bithumb, SeriesOne to Launch Security Token Exchange in the US

South Korean crypto exchange Bithumb has teamed up with crowdfunding platform seriesOne to launch a complaint security token exchange in the U.S. The joint venture was revealed in a press release from seriesOne shared with CoinDesk on Thursday, which adds that the exchange launch is still subject to regulatory approvals from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). SeriesOne already offers an SEC-regulated platform that supports projects launching initial token offerings,as well as traditional equities and debt offerings. “I believe that our companies will be…

EOS Rises 5% as Tokens Record Big Gains, Crypto Market Adds $2 Billion

Twitter Facebook Tokens and several major cryptocurrencies such as EOS have demonstrated strong short-term momentum over the last 24 hours, pushing the valuation of the crypto market to $206 billion. The volume of Bitcoin, which declined to the mid-$3 billion region, recovered to $4.2 billion, showing a clear increase in trading activity across major cryptocurrency exchanges. Affected by the increase in the volume of Bitcoin, tokens and digital assets such as Loom, Status, Bancor, WaltonChain, Pundi X, OmiseGo, and Zcash recorded gains in the range of 8 to 20 percent,…

Bitcoin Price Watch: BTC/USD’s Bounce From Lows Looks Real

Key Points Bitcoin price declined and retested the $6,200 support before recovering sharply against the US Dollar. There was a break above a major bearish trend line with resistance at $6,275 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may correct a few points, but it could find support near the $6,290 or $6,245 level. Bitcoin price is holding gains above $6,290 against the US Dollar. BTC/USD could climb further higher towards the $6,355 and $6,385 resistance levels. Bitcoin Price Analysis Yesterday, we discussed…