EXCHANGES

A Millennial and Crypto Love Story: How This Generation Is Ghosting Banks

[ad_1] America’s youth has long been in a bad relationship with banks. Their predatory, self-serving practices have left a bad taste in the mouths of many young consumers, who have historically acclimated and resigned themselves to the system as they aged. Millennials have been accused of killing almost every industry, from golf to napkins, but now they’re on the cusp of the biggest breakup yet – with banks. Millennials might
Business

Two Investment Firms Launch ETF Tracking Cloud Computing and Blockchain Companies

[ad_1] United States-based Investment management firm AdvisorShares and investments advisory company Sabretooth Advisors will jointly launch an exchange-traded fund (ETF) that tracks tech companies, including those involved with blockchain and cloud computing, MarketWatch reported on Feb. 6.ETFs are marketable securities that track a basket of assets proportionately represented in the fund’s shares. ETFs are offered on all asset classes, including traditional investments and alternative assets like commodities or currencies, also
Business

Suspects Arrested for Stealing Electricity in Crypto Mining Operation

[ad_1] In the German city of Klingenthal, Saxony, police have arrested a group of suspects for stealing electricity to operate a cryptocurrency mining farm, Cointelegraph auf Deutsch reports Feb. 6.Police officers reportedly tracked down a system of 49 computers operating in the premises of former electrical services company PGH Elektro. Since at least 2017, the mining farm has reportedly consumed as much electricity as 30 households, with the damage for
Business

Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 6

[ad_1] The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.Cryptocurrencies are struggling to move up, even after having been in a bear market for over a year and falling anywhere between 85 and
Business

Survey of Customer Comfort With Amazon-Branded Products Includes Crypto

[ad_1] Shoppers of e-commerce giant Amazon would like to be able to purchase a wider variety of products, including cryptocurrency, according to a recent report published by a financial portal Investing.com.In the course of the survey, Investing.com reportedly surveyed over 1,000 Amazon shoppers in order to discover ordering frequency and the trust level customers have in the company. Notably, the survey polled customers on what products they are comfortable buying
EXCHANGES

Abra Adds Stocks and ETF Investing to Its Cryptocurrency Exchange App

[ad_1] Abra has decided to add access to collateralized equities investing. This means that users of the exchange and wallet app in 155 countries will be able to trade on popular U.S. stocks and commodities like gold and even use cryptocurrency to do so. Also Read: The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Partners Digital Assets Fund Invest in US Stocks, Gold and ETFs With Crypto Abra, a
Business

Bitcoin Could Experience a Resurgence of Interest on Wall Street: JPMorgan Strategist

[ad_1] JPMorgan’s Global Market Strategist Nikolaos Panigirtzoglou says that Bitcoin (BTC) could make a resurgence on Wall Street, according to an article published by CNBC on Feb 6.“The stability that we are seeing right now in the cryptocurrency market is setting the stage for more participation by institutional investors in the future,” said Panigirtzoglou, “The cryptocurrency market was a new market. It went through a bubble phase [and] the burst.”Panigirtzoglou
BLOCKCHAIN

Major Swiss Stock Exchange SIX to Launch New Blockchain-Powered Digital Exchange

[ad_1] Switzerland's principal stock exchange SIX Swiss Exchange will test blockchain integration for its forthcoming parallel digital trading platform SDX in the second half of this year. The news was reported by Cointelegraph Deutschland Feb. 4.SIX Swiss Exchange sees roughly CHF5.19 billion (~$5.18 billion) in daily turnover, and has a market capitalization of over 1.67 trillion CHF ~($1.6 trillion).CEO Jos Dijsselhof told Cointelegraph Deutschland in an interview that the company
EXCHANGES

Blockstream Open Sources Development of Its Proof of Reserves Tool

[ad_1] On February 4, 2019, blockchain tech company Blockstream announced the development of a “proof of reserves” tool to standardize the authenticity of exchanges’ crypto reserves. The Bitcoin development company has submitted a Bitcoin Improvement Proposal (BIP) to the bitcoin-dev mailing list for consideration. Blockstream stated that it is “open-sourcing the development of the tool for feedback from the industry.” Citing high-profile hacks as a reason why such services would
EXCHANGES

Cryptocurrency Lenders Bite Back At Bitcoin Bear Market With Record Volume

[ad_1] Cryptocurrency loans continue to capitalize on the longest bear market in Bitcoin history, with one company generating $630 million in its first six months. Records Not REKT Launched as a mobile app in July 2018, the Celsius Network reported the statistics in an update February 4. The app has seen 40,000 downloads, $50 million in coin deposits and paid out maximum interest of 7.1 percent, CEO Alex Mashinsky revealed.