South Korean crypto traders are pivoting to ‘smaller cap’ altcoins

Bitcoin trading activity in South Korea has reportedly dipped amid rising interest in smaller altcoins. South Korea’s “big four” crypto exchanges — Bithumb, Korbit, Upbit and Coinone — are showing a marked cooling off in Bitcoin (BTC) enthusiasm. Meanwhile, altcoins are now accounting for the highest 24-hour trading volume according to data from multiple market aggregators. Apart from XRP, which is often popular among crypto traders in Asia, altcoins with smaller market capitalizations are leading the way in terms of trading volume on the big four. Data from crypto research outfit Messari shows Ravencoin (RVN), NEAR Protocol (NEAR), and New Kind of Network (NKN) as the three top-traded cryptos by volume on the Upbit exchange. NKN’s volume surge on South Korean exchanges is indicative of the altcoin pivot seemingly gaining a foothold among crypto traders in the country.

Cardano Has One Big Edge Over Other Cryptos, Says Coin Bureau

The pseudonymous host of Coin Bureau is sharing his thoughts on some of the advantages Cardano has in the race to beat out Ethereum as the top smart contract platform.

Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos

Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies.

Polkadot, Synthetix, DigiByte Price Analysis: 07 April

For much of April, the leading narrative has been one set by the market's altcoins, with quite a few of the industry's cryptos surging up the charts despite Bitcoin resorting to trading within a tight The post Polkadot, Synthetix, DigiByte Price Analysis: 07 April appeared first on AMBCrypto.

Ripple Digs For XRP Gem That Might Help Win Against SEC

The court opened doors for blockchain company Ripple to examine the US Securities and Exchange Commission (SEC) documents showing their internal discussions about whether the Ripple-affiliated XRP is similar to cryptos like bitcoin (BTC) and ethereum (ETH), which are not considered to be securities. "I'm going to grant in large part the defendants' motion," said US

Cryptos are 'promising,' but not assets in their purest form, says Ukrainian Minister

Ukraine's newly-nominated Finance Minister is in the news today after he put forward plans to regulate the country's domestic crypto-market.

Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE

Payment provider Nuvei has launched support for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitcoin Gold, and Siacoin. E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei.  According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets Bitcoin (BTC) and Ether (ETH), lesser known cryptos such as Reddcoin and Bitcoin Gold, and even hyper-volatile coins like Dogecoin (DOGE). Nuvei’s customers can even use Ripple (XRP), despite the asset’s recent legal woes and subsequent delistings from major exchanges. Commenting on the launch, Nuvei’s CEO and chairman, Philip Fayer, described the firm’s support for crypto assets as “empower[ing] our clients, large and small, with frictionless payment experiences and a greater opportunity to partake in a global marketplace.” The announcement also asserts crypto asset transactions will provide “enhanced security, privacy, and integrity” to Nuvei’s users when compared to traditional fiat methods of payment.

Dubai regulators call for public feedback on proposed crypto laws

Financial regulators in Dubai have enacted a 30-day window for public comments on security token regulations. The Dubai Financial Services Authority, or DFSA, is continuing its efforts to create a standardized framework for cryptocurrency regulations in the megacity. According to a DFSA press release issued on Monday, Dubai's financial regulator has called on members of the public to submit comments on its proposed regulations for cryptos deemed to be security tokens. The public comments phase of the process will last for 30 days and is part of the modalities for instituting the DFSA’s “Framework for Regulating Security Tokens.” Dubai’s security token infrastructure focuses on providing regulatory clarity across three major areas of concern.

Central Banks Focus On Financial Inclusion As Cryptos Get Traction

Central banks are seemingly looking to steal the show from decentralized cryptocurrencies as they are also aiming to increase financial inclusion by issuing central bank digital currencies (CBDCs).

India's central bank claims govt. shares its 'major concerns' about cryptos

Indian government and regulators have been trying to take a firm position on the use and supply of cryptocurrencies in the country.

Cryptos and NFTs Take Their Foot off the Gas – How Using POS Chains Can Save Huge Amounts of Energy

Cryptos are rarely out of the news these days, but no more so than Ethereum, which is burning up the news headlines, as quickly as it can burn up the gas (mostly for NFTs, which are having a moment, and for its exorbitant transaction fees), and then, of course, there’s the king of crypto, Bitcoin […]

Bank of International Settlements head says cryptos require more regulation

Agustín Carstens has called for cryptocurrencies to be subject to more regulations while arguing that virtual currencies have not made a significant dent in global finance. Agustín Carstens, general manager of the Bank for International Settlements, has called for even more crypto regulations stating that virtual currencies are a tool for circumventing financial laws. In an interview with CNBC on Wednesday, the BIS general manager identified money laundering and terrorism financing as areas that require more robust cryptocurrency regulations. Carstens’s comments, a common refrain among crypto critics, come despite the preponderance of established facts indicating that crypto criminality occupies a minute proportion of global cryptocurrency commerce. According to Carstens, cryptocurrencies have a notoriety for being instruments of criminal activities due to the pseudonymous nature of virtual currency transactions. However, blockchain intelligence firms continue to work with regulators and law enforcement agencies to provide robust crypto forensic capabilities.

Theta Network's token enters top 10 cryptos by market capitalization

Theta Network’s native token THETA continues to hit new all-time highs. THETA, the native token of the Theta Network — a decentralized blockchain-based video delivery network — has entered the top 10 cryptocurrencies by market capitalization. On Tuesday, THETA overtook Chainlink's LINK as the 10th biggest cryptocurrency by market cap at nearly $11.5 billion, according to data from CoinGecko.

Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking Sector

A senior executive with Nigeria’s central bank, Adamu Lamtek, has reportedly denied that his institution had placed restrictions on the use of cryptocurrencies.

EU securities regulator warns about risks of ‘non-regulated’ cryptos

The ESMA analyzed the impact of COVID-19 on financial markets, highlighting the supposed risks linked with crypto investment.

Individual Detained in Romania Under Suspicion of Stealing Thousands of Cryptos From an Unnamed Major Exchange

Romanian authorities pursued an operation that left a person detained for the individual’s alleged involvement in a case of stealing from a cryptocurrency exchange.

USA may have 'missed the boat' a bit on the question of cryptos: SEC's Peirce

United States' SEC Commissioner Hester Peirce thinks that the country may have "missed the boat" a bit when it comes to cryptocurrencies. In a recent interview with Thinking Crypto, Peirce, fondly The post USA may have 'missed the boat' a bit on the question of cryptos: SEC's Peirce appeared first on AMBCrypto.

Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report

A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows.

Grayscale's Ethereum Trust added over 10,000 ETH during price correction

Given the price correction in the market, the value of most cryptos has been trending lower.

India's central bank ‘very much in the game‘ with digital currency project

The Reserve Bank of India is getting ready to launch its own central bank digital currency. Indian authorities continue to express support for a government-backed digital currency to replace privately-issued cryptocurrencies. According to Bloomberg, RBI governor Shaktikanta Das has expressed the central bank’s determination to create a digital rupee.

Crypto Futures Trading: How to Long and Short Cryptocurrencies

The text below is an advertorial article that was not written by Cryptonews.com journalists. Has the volatility of cryptocurrency prices made you want more than simple spot trading? Do you consider the process of buying and selling actual cryptos too burdensome? You have probably already heard of crypto futures trading, as volatile assets tend to be very popular for

Crypto market too big to ignore, says Nigeria SEC

Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country. Having recently suspended its planned crypto regulations in the wake of the central bank ban, Nigeria’s Securities and Exchange Commission has clarified its position on cryptocurrencies in the country. According to a report by Premium Times, both the SEC and the Central Bank of Nigeria will work collaboratively on devising a concrete regulatory framework for cryptos in Nigeria. For Timi Agama, the commission’s registration, exchanges, market infrastructure, and innovation head, regulators in Nigeria cannot afford to ignore the $1.74 trillion crypto market. Speaking at a virtual conference organized by the Association of Capital Market Academics of Nigeria in the capital, Abuja on Sunday, Agama remarked: “Part of the desire of the SEC even in the future is to provide a regulatory framework that will take care of all these challenges that we have seen internationally and the entire world is grappling with in terms of cryptocurrency and digital assets.

India: Sebi asks IPO promoters to sell their cryptos

India has been among the countries still deliberating a ban over cryptocurrencies.

Nigeria: IMF voices support for central bank's decision on cryptos

Thanks to the exponential growth recorded by the cryptocurrency market lately, regulators around the world are realizing that they may have to fast-track the process of issuing guidelines with respect The post Nigeria: IMF voices support for central bank's decision on cryptos appeared first on AMBCrypto.

Robinhood to Allow Deposits, Withdrawals for Cryptos Including Dogecoin

Currently, users of the popular trading app can only buy and sell cryptocurrencies within their Robinhood accounts.

Crypto investors should consider buying gold, Newcrest Mining CEO says

Gold should help crypto investors hedge against the risks of highly unstable prices of cryptos like Bitcoin, the CEO of Newcrest Mining said. Sandeep Biswas, managing director and CEO at Newcrest Mining, believes crypto investors should consider buying some gold to protect themselves against highly unstable prices of cryptos like Bitcoin (BTC). “If you’re into cryptos, you want to consider having some gold,” Biswas said on Bloomberg TV Thursday, stressing that gold is less volatile than crypto. The exec emphasized that gold is a different class of investment.

Treasury Secretary Yellen cites misuse of cryptos to highlight 'explosion of risk'

"I see the promise of these new technologies, but I also see the reality: Cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism. The post Treasury Secretary Yellen cites misuse of cryptos to highlight 'explosion of risk' appeared first on AMBCrypto.

Dogecoin: Not All Cryptos Are Created Equal

What do Elon Musk, Snoop Dogg, and Gene Simmons have in common? They've all come out as proponents of Dogecoin, the one-time joke cryptocurrency.

Celebs sending cryptos to the moon? Lohan endorses Bitcoin, while Elon Musk buys Dogecoin for son

Lindsay Lohan became the latest celebrity to endorse the world’s largest crypto asset after the American actress tweeted Bitcoin is going “to the moon.” https://twitter.com/lindsaylohan/statu The post Celebs sending cryptos to the moon? Lohan endorses Bitcoin, while Elon Musk buys Dogecoin for son appeared first on AMBCrypto.

Bitcoin News Roundup for Feb. 10, 2021

With the top two cryptos down on the day and a bitcoin supply squeeze seemingly in the cards, CoinDesk’s Market Daily is back with the latest news roundup.

Curve Finance coming to Equilibrium's Polkadot parachain

Decentralized finance exchange platform Curve Finance will soon be implemented on Equilibrium’s Polkadot parachain. Equilibrium, a Polkadot-based DeFi project previously known for its EOS presence, is partnering with Curve Finance to bring the latter’s automated market maker platform, Curve, to the Polkadot (DOT) ecosystem, according to an announcement issued on Monday. The plan involves integrating a Substrate-based version of Curve on Equilibrium’s Polkadot parachain and is supported by the Web3 Foundation’s Open Grant Program. As previously reported by Cointelegraph, Substrate — Polkadot’s blockchain building framework — is already showing significant protocol-level interoperability especially in the version 2 launched back in August 2020. Upon full integration, the Curve plugin will allow for a stablecoin exchange platform where users can trade DOT-based “coins” or tokenized cryptos like wrapped Bitcoin (WBTC) and Ren Bitcoin (renBTC). Despite the initial liquidity limitation, Curve’s market-making algorithms will reportedly be able to minimize slippage risks usually associated with trading tokenized versions of the same coin. Commenting on the risks of opportunistic arbitraging, Equilibrium CEO Alex Melikhov told Cointelegraph that the protocol will combine Curve's efficient token swap mechanics with Equilibrium's incentivized liquidity farming, adding: "Users will receive up to 20% rewards in EQ tokens on their liquidity holdings inside AMM pools.

DOGE Enters Top 10 Cryptos While Bitcoin Eyes $40K (Again): Market Watch

After dipping below $38,000, bitcoin has bounced off and eyes $40,000 again, while the Elon Musk-initiated interest towards DOGE has put the meme coin in the top 10

Japan, USA-based investors on opposite ends of crypto-favorability: Survey

Perception and sentiments associated with stocks and cryptos vary from place to place, with the variation in question often dependent on a host of local factors.

EOS, Neo, Dash Price Analysis: 06 February

EOS and Dash registered a bearish divergence, with both cryptos noting a minor dip on the charts while retaining some bullish momentum.

Why these DeFi tokens recorded gains over 300% YTD

The past 24 hours saw several top cryptos reach new all-time highs, recording double-digit gains over the same period of time.

Tezos, Ontology, Verge Price Analysis: 03 February

Despite many of the market's altcoins registering gains on the price charts, cryptos such as Tezos, Ontology, and Verge exhibited some bearishness, at the time of writing.

Gemini’s ‘Earn’ interest on cryptos to offer up to 7.4% APY

Winklevoss twins' crypto exchange Gemini today launched a new interest-earning program called Gemini Earn for customers based in United States.

Kiss rocker Gene Simmons is bullish on DOGE and XRP

Kiss frontman and a known crypto fan Gene Simmons is bullish on several cryptos including Bitcoin, Ether, XRP and Dogecoin. Gene Simmons, a rock and roll legend and a known fan of cryptocurrencies like Bitcoin (BTC), has reaffirmed his bullish stance on crypto by purchasing several cryptos. The Kiss frontman said on Feb.

India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency

India plans introducing a new bill to ban private cryptocurrencies as well as introduce a national digital currency.

Ripple Files Response to SEC’s Lawsuit, Demands to Know Why Bitcoin and Ethereum Are Not Securities

Ripple drags BTC and Ethereum into the SEC lawsuit over XRP's status, demanding an explanation as to why the two leading cryptos are not classified as securities.

Bitcoin Addresses with at least 1K Coins Hit All-Time High As Bitcoin Price Rebounds

The number of Bitcoin (BTC) addresses holding at least 1000 cryptos has soared to a new all-time high (ATH) at 2,469.

International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain Analysis

In collaboration with Bulgarian authorities, the US Department of Justice (DOJ) disrupted a well-known ransomware gang’s infrastructure.

A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection

During the last two years, there’s been a lot of interest in Facebook’s cryptocurrency diem (formally libra) and rumors of a nearing launch date went viral last November.

Top 10 Cryptocurrency Price Watchlist: Why Are Cryptos Bearish Today?

The top 10 cryptocurrencies are seeing a bearish correction in price as led by Bitcoin, and Ethereum (Read More)

Japanese Police Arrest 30 People for Allegedly Having Exchanged Stolen Cryptos From the 2018 Coincheck Hack

Japanese police charged 30 people for their alleged involvement in illegal transactions linked to the well-known $530 million Coincheck hack in 2018.

Thai Stock Exchange Launching Digital Asset Trading in H2, Cryptos Excluded

Listing cryptocurrencies could harm the stock exchange’s image and lose investor confidence, an executive said.

BitMart Published Cryptos of the Year Report on Top 10 Altcoins For 2021

[PRESS RELEASE – Please Read Disclaimer] BitMart, a premier global digital assets trading platform, today announced its release of Cryptos of the Year 2020 Report.

Grayscale’s Michael Sonnenshein Says Institutional Investors ‘Looking for Broad Exposure’ as Company Raises $700 Million in One Day

Grayscale CEO Michael Sonnenshein says institutional investors are also exhibiting a growing interest in diversifying their investments by choosing other crypto assets besides bitcoin.

Bitcoin and cryptos can 'go to zero,' says UBS after Myspace comparison

With Bitcoin emerging as one of the best-performing asset classes over the past 365 days, many financial institutions and investors have changed their tune on crypto, with some making sizeable allocat The post Bitcoin and cryptos can 'go to zero,' says UBS after Myspace comparison appeared first on AMBCrypto.

British financial advisor calls on the gov’t to ban crypto transactions

Veteran financial advisor Neil Liversidge came to the UK Government and Parliament with a petition to ban crypto transactions. Neil Liversidge, a veteran financial advisor, has called on the government of the United Kingdom to ban transactions in cryptocurrencies like Bitcoin (BTC). Liversidge, the owner of the independent financial advisory firm West Riding Personal Financial Solutions, started a petition urging local financial authorities to stop crypto transactions in the UK The petition reads: “Legislate to prohibit the payment by or acceptance of cryptocurrencies by UK resident businesses or individuals, and require UK regulators (the FCA and PRA) to prohibit transactions by UK financial institutions in cryptocurrencies such as Bitcoin.” Liversidge cited a common anti-crypto narrative, arguing that cryptos like Bitcoin have no intrinsic value and “can be a destabilising influence on society, and often used for criminal activity.” The advisor also thinks that cryptocurrency mining is “harmful to the environment.” According to the UK Government and Parliament website, the petition’s deadline is July 7, 2021.

Multiple Tokens See Rally Amid Looming ‘Alt Season’

Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action.

Top Ten Cryptos of 2020 Beat the S&P 500 By Over 100%

One investor’s year-end crypto experiment generated huge gains and beat the stock market by over 100%.

Blockchain Bites: Sustainability and Uncertainty as Crypto Crosses $1T Benchmark

Amid political chaos and global uncertainty, one bitcoin is now worth more than $39,000 as the value of all cryptos passes $1 trillion.

Cryptos Go Parabolic, Are You Prepared For Corrections?

The text below is an advertorial article that was not written by Cryptonews.com journalists. The Crypto market opens in 2021 with big rallies.

Economics Professor Tyler Cowen Says Cryptos Useful as Hedges or Forms of Payments – ‘Not Both’

Tyler Cowen, an economist and professor at George Mason University, has suggested that the key use cases of cryptocurrencies are mutually exclusive.

Venezuela’s Asonacrip: Bitcoin Bull Run Could Help Boost Usability of Cryptos Such as Petro

The president of the National Association of Cryptocurrencies of Venezuela (Asonacrip) praised the recent bull run seen in bitcoin’s prices across the board, which “favors the usability of a very novel crypto asset,” such as the petro (PTR).

How is the accumulation in Chainlink's market holding up?

The market is hot with cryptos' prices going through the roof, with hardly any altcoins having a very rough time in the market recently.

Nicehash Crypto Mining Pool ‘Fully’ Reimburses All Users Affected by 2017 Hack

A Slovenian cryptocurrency mining pool and trading platform announced that they’ve managed to fully compensate their users affected by a hacking attack that took place in December 2017, which took over 4,600 bitcoins.

VaultSwap Announces Its Token Sales and Exchange Listings

PRESS RELEASE. Swapping cryptos on an exchange can be incredibly inefficient, as no exchange has all the coins in one fold.

Vitalik Buterin warns followers against taking loans to buy cryptos like ETH, BTC

Ethereum's Vitalik Buterin took to Twitter to warn the crypto community against taking personal loans to purchase Ether and other cryptocurrencies.

Christmas Market Could See Santa Rally Drive Ethereum, XRP Prices Higher and Bitcoin to $20K

The Bitcoin price gained 160% since the start of 2020, triggering triple-digit increases in cryptos like Ethereum (ETH) and Ripple’s XRP, but here comes the Santa Rally (Read More)

Coinsbee Lets You Buy Gift Cards for More Than 500 Brands With Crypto

Coinsbee is a platform for buying gift cards with more than 50 cryptos from all your favorite brands and shops, as well as get payment cards and phone top-ups.

Revolut App Adds 4 Cryptos to Buying, Selling Service

The fintech firm added eos, omg network, tezos and 0x for its European users.

Report: Cryptos Set for Massive Adoption in the US as More Americans Embrace Digital Alternatives to the Dollar

A survey commissioned by Satoshilabs finds that from the 45.8% of American respondents that say they own cryptos, nearly all of them (95%) believe cryptos to be a genuine currency solution.

Record $15 Billion Worth of Cryptos Under Management After Institutional Investors Pump $429 Million in One Week

A new report says institutional investors pumped $429 million into cryptos and cryptocurrency funds in the week ending December 7.

Standard Chartered CEO: Digital Currency Adoption ‘Absolutely Inevitable’

Bill Withers said at the Singapore SinTech conference that cryptos are here to stay, and here for all.

Ethereum (ETH) and XRP Price Gains Dwarfed Bitcoin Rally, Which Cryptos beat BTC in 2020?

Despite the BTC price gaining over 150% in 2020, BTC has been dwarfed by the price increases of other altcoins—including Ethereum (ETH) and Ripple’s XRP token.

British Politician Nigel Farage Says Bitcoin Is the Ultimate Anti-Lockdown Investment

British politician and leader of the Brexit Party, Nigel Farage is lauding bitcoin branding it as the ultimate anti-lockdown investment.

Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu

China’s crypto journalist Colin Wu believes that Chinese police have sold cryptocurrencies seized from the $4.2 billion PlusToken Ponzi crackdown.

Penny Altcoins Rally While TikTokers & Co Go on a Pumping Spree

Before the top cryptocurrency by market capitalization, bitcoin (BTC), made a strong move and surpassed USD 19,000 today, coins below USD 1 were enjoying their rally as the best performers among the top 100 today, yet their 24-hour trading volume combined is lower than BTC's, while it seems like TikTok has assumed an important role in pumping certain cryptos yet again.

Law Enforcement Agencies Are Missing Forked Cryptos in Criminal Seizures: Research

Blockchain analytics company Coinfirm said authorities are "ignoring" criminals' stockpiles of cryptocurrencies that forked from bitcoin.

Regulatory overreach a problem for cryptos like Bitcoin?

There has been a lot of discussion around regulation in the crypto space, and perhaps more so now than ever before.

German Finance Minister Says He Does Not Support Private Cryptos: Report

Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future.

101Investing: Trading CFDs on Forex, Cryptos, Stocks made easy!

The financial landscape of trading on assets continues to grow and more asset classes continue to arrive.

XRP would be security if SEC understood cryptos, says this analyst

Commodities trader and analyst Peter Brandt said on Twitter that XRP would have been deemed a security if the US Securities and Exchange Commission (SEC) regulators completely understood the workings The post XRP would be security if SEC understood cryptos, says this analyst appeared first on AMBCrypto.

SEC should declare XRP a security, says Peter Brandt

Could XRP’s regulatory status be finally settled one day? Veteran trader and chart analyst Peter Brandt is the latest figure in the cryptocurrency community to dispute the regulatory status of XRP. According to the chartist, XRP — the fourth largest cryptocurrency at publishing time — is a security, which means that the coin should fall under the regulatory purview of the United States Securities and Exchange Commission. “XRP would have been declared as a security if the SEC understood cryptos,” Brandt argued in a tweet on Nov.

Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances

According to a new report, the depreciation of some currencies against the US dollar is contributing to the declining international remittances.