Can IEO Cryptos Recover After MATIC’s Mysterious 70% Plunge?

[ad_1] One of Binance’s initial exchange offering (IEO) tokens, Matic Network (MATIC), dropped almost 70% on Dec. 10. Meanwhile, other IEOs such as Celer Network (CELR) and Harmony (ONE) also followed suit. Based on the Ichimoku Cloud, MATIC’s trend now sits in jeopardy as CELR and ONE seem to have lost whatever momentum they were gathering for a potential uptrend. MATIC dumps taking other IEOs with itAlthough the rationale for MATIC’s plunge

Binance Cryptocurrency Exchange Launches Latin American Fiat Gateway

[ad_1] Binance, the leading global cryptocurrency exchange by trading volume and users, today announced the launch of its fiat gateway for Latin America. The announcement was made during laBitConf, a major crypto event for Latin America held in Montevideo, Uruguay.The new platform, named Latamex, will operate under the Binance Fiat Gateway and will allow Binance’s Latin American users to purchase cryptocurrency directly in association with Settle Network, a Latin American

Bitmain Begins Expansion into South America

[ad_1] Bitmain is looking to establish a significant presence as it partners with two Bitcoin mining consulting firms. Meanwhile, co-founder Jihan Wu continues to consolidate his hold on the company amid an ongoing power struggle. Bitmain Partners with Bitcoin Mining Consultants in South America In a press release published on Thursday (December 12, 2019), Bitmain announced its partnership with Bit5ive and Fastblock. Both companies are crypto mining consultants and Bitmain

Cryptocurrency Exchange BitMEX Enables Native SegWit Support

[ad_1] Cryptocurrency exchange BitMEX added support for native segregated witness (SegWit) addresses for Bitcoin (BTC) withdrawals, which lets users pay lower transaction fees.According to an announcement on Dec. 12, BitMEX now allows its users to withdraw Bitcoin to Bech32 addresses, the one that natively supports the segregated witness standard.Bitcoin address formatsAs the announcement explains, the Bitcoin network currently supports three address formats. The first one — Bitcoin’s original address format

Bitcoin Price Breaks Vital Support, ‘Time to Pray’ Says Tone Vays

[ad_1] According to a recent statement by veteran trader Tone Vays, Bitcoin price is breaking one of its major supports, indicating that bad things are coming. Bitcoin price failed to impress in the second half of 2019, despite hopes that a late Q4 rally akin to 2017 might kick off. The summer, fall, and even the beginning of winter ended up being marked by uncertainty and a struggle to stay

Refund Deadline ‘Not Practicable’ as Users Wait

[ad_1] Liquidators of hacked New Zealand cryptocurrency exchange Cryptopia have recovered almost $11 million in the past six months, but say the process remains difficult.In its second report into its operations at Cryptopia, Grant Thornton confirmed that receipts from May to November totaled around 10.9 million New Zealand dollars ($7.18 million). Funds trickle back from oblivionExpenses, including payments to certain preferential creditors, came to NZ$3.74 million ($2.46 million), resulting in a

NY Regulator Proposes Relaxing New Coin Listing Requirements

[ad_1] The New York State Department of Financial Services, the Bitlicense regulator, has published a proposed framework for licensed companies seeking to list new coins. This is the first time the regulator has proposed changes to its crypto regulation in five years. Among the changes, licensees will be able to self-certify the compliance of their new coins without having to obtain prior approval from the regulator. Also read: SEC Approves

Bitcoin Volume Reporting Nightmare, Who Can We Trust?

[ad_1] One of the biggest mysteries in the Bitcoin world, aside from the real identity of Satoshi Nakamoto, is how much of it is being bought and sold on exchanges each day. As pointed out in a tweet from Messari founder, Ryan Selkis, the answer very much depends on who you ask. Bitcoin Volumes – Compare And Contrast To highlight the point, Selkis compared the reported 24-hour volume for popular

Tezos (XTZ) Prepares to Enter Top 10 Coin List

[ad_1] The Tezos (XTZ) rally may end up putting the coin among the top 10 based on market capitalization. XTZ is closing in on Stellar (XLM), possibly achieving a “flippening”. Tezos Project Gains Popularity The XTZ market price awakened in the past weeks, boosting the expectations for future appreciation. XTZ is getting wider adoption after the initial skepticism, and has improved on almost all ICO earnings statistics. $XTZ set to

Russia’s Silk Road to Hold ICO, Exit Scam Attempt?

[ad_1] Hydra, Russia’s biggest dark web marketplace, announced its plans to develop an international, decentralized marketplace for illegal products. To achieve this goal, Hydra intends to conduct an initial coin offering (ICO), local media reports. Does Russia’s Illegal Marketplace Eye Expansion or Exit Scam? The popularity of ICOs has faded, but Hydra, which operates the largest dark net market for illegal products in Russia, doesn’t mind implementing this crowdfunding method.