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Posts published in “Bitcoin Exchange”

‘Game-Changer’: Institutional-Trader Crypto Exchange LMAX Opens in the UK

UK financial platform LMAX has suddenly entered cryptocurrency with the launch of a new exchange solely for institutional investors. CEO: Crypto ‘Coming Of Age’ According to a press release May 21, eight-year-old LMAX, which is regulated by the UK’s Financial Conduct Authority (FCA), is seeking to “further legitimize” cryptocurrency’s reputation in traditional investment circles. “The rise of institutional trading of cryptocurrencies will be a game-changer for the industry… Digital currencies are, without a doubt, coming

The post ‘Game-Changer’: Institutional-Trader Crypto Exchange LMAX Opens in the UK appeared first on Bitcoinist.com.

More Millennials Use Bitcoin Marketplaces Like Paxful to Invest in Cryptocurrency Market

An increasing number of millennials are utilizing bitcoin marketplaces and peer-to-peer exchanges like Paxful to invest in the cryptocurrency market as a store of value and an alternative payment system to banks. Millennials Better Suited to Lead Cryptocurrency Adoption Earlier this year, Columbia University Business School professor Chris Castiglione stated that millennials are better suited...

The post More Millennials Use Bitcoin Marketplaces Like Paxful to Invest in Cryptocurrency Market appeared first on NewsBTC.

More Crypto Exchanges Set up Shop in India Despite RBI Ban

Despite the RBI ban, there are reports of more cryptocurrency exchange platforms springing up in India. The country’s apex bank issued a directive in April prohibiting banks from facilitating crypto transactions. New Local Exchange Platforms Beginning in July, India’s banks must comply with the RBI crypto ban. However, just two days after the proclamation, CoinDCX announced that it was beginning operations in the country. The platform will even provide trade tracking services for Indians in rupees.

The post More Crypto Exchanges Set up Shop in India Despite RBI Ban appeared first on Bitcoinist.com.

eToro’s 9M Users Set To Increase with US Exchange & Wallet Launch

UK-based trading platform eToro has announced it will launch an international cryptocurrency exchange and mobile wallet, debuting in the US for the first time. $100M Series E Funds Put To Work As part of a keynote speech at the Consensus 2018 conference in New York which finished May 16, eToro CEO Yoni Assia confirmed the move, which will provide US traders with ten cryptocurrency pairs. “U.S. crypto holders have a strong appetite for diversified portfolios,”

The post eToro’s 9M Users Set To Increase with US Exchange & Wallet Launch appeared first on Bitcoinist.com.

Binance Doubles Referral Rewards: Binance Coin Pumps

The price of BNB has rapidly increased following the announcement from Binance that the popular exchange will be doubling its referral commission rewards under certain conditions. Tell Your Friends The Malta-based exchange has announced that it will be doubling its referral commission rewards to 40 percent for qualified accounts. Accounts eligible to receive the increased commission rewards are those which hold 500 Binance Coins — approximately $7355 at the time of this writing. Writes the Binance Team

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Binance Delays TrueUSD Launch Due to ‘Popular Demand’ and Liquidity Concerns

After announcing its plans to start offering TrueUSD (TUSD) trading on Friday, May 18th, at 4:00 am (UTC), Binance has postponed the launch of the USD-pegged stablecoin.  Delayed on the Launchpad Binance will no longer be launching TrueUSD (TUSD) trading on Friday, May 18th, at 4:00 am (UTC), as was originally planned. Instead, the hugely popular cryptocurrency exchange will start offering TUSD trading on May 22nd, at 4:00 am (UTC). The change apparently comes after an evaluation

The post Binance Delays TrueUSD Launch Due to ‘Popular Demand’ and Liquidity Concerns appeared first on Bitcoinist.com.

Users Call Revolt As Bitfinex Demands Tax Information

Cryptocurrency users are reacting after exchange Bitfinex has told traders they must confirm their tax status in order to use its services. Bitfinex: We Need Tax Info By May 24 In a message to account holders, Bitfinex, which is registered in the British Virgin Islands (BVI), said it was “required” to gain evidence of tax status, which users must provide themselves by May 24. “Pursuant to BVI law, we are required to obtain self-certifications from

The post Users Call Revolt As Bitfinex Demands Tax Information appeared first on Bitcoinist.com.

Binance Set to List TrueUSD Stablecoin, A Regulatory-Compliant Alternative to Tether

Binance is set to open trading for select TrueUSD (TUSD) trading pairs on Friday, May 18th, at 4:00 am (UTC). The USD-pegged stablecoin will only be tradable against Bitcoin (BTC), Ethereum (ETH), and the exchange’s own Binance Coin (BNB). Like Tether, Only Regulatory Compliant TUSD is a stablecoin designed to match the US dollar at a one-to-one ratio, meaning one TUSD roughly equates to one USD, in terms of valuation. Unlike Tether (USDT), a sometimes

The post Binance Set to List TrueUSD Stablecoin, A Regulatory-Compliant Alternative to Tether appeared first on Bitcoinist.com.

Bitcoin Legitimized in EU Following New KYC Regulations

Bitcoin is set to find new legitimacy in the European Union as member states agreed to force cryptocurrency exchanges within its jurisdiction to collect identification data on their users in an effort to prevent money laundering.  Legitimizing Bitcoin and Cryptocurrency in the EU Both cryptocurrency exchanges and online wallets operating in the European Union’s jurisdiction are now required to carry out the exact same know-your-customer (KYC) checks as traditional banks. The regulatory move comes as the

The post Bitcoin Legitimized in EU Following New KYC Regulations appeared first on Bitcoinist.com.

Bitcoin Price Will See $50,000 By End of 2018, Says BitMEX CEO

Arthur Hayes, the CEO of BitMEX, predicts that bitcoin will reach the $50,000 mark by the end of this year. Appearing on CNBC’s Fast Money, the former Citigroup and Deutsche Bank executive also spoke on volatility and the dominance of Asian retail traders in the crypto market. Bitcoin at $50,000 When asked to give a bitcoin price prediction, Hayes said it could reach $50,000 before the end of 2018. Bitcoin and the cryptocurrency market has

The post Bitcoin Price Will See $50,000 By End of 2018, Says BitMEX CEO appeared first on Bitcoinist.com.

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