Ripple’s XRP Leads Intraday Gains, Beats Bitcoin

Ripple’s XRP led intraday gains on Monday after rising 10 percent on a 24-hour adjusted timeframe, according to data provided by CoinStats’ cryptocurrency portfolio management app. The third-largest cryptocurrency by market capitalization outperformed the benchmark Bitcoin, as well as the rest of the top altcoins. Bitcoin, in particular, trended in positive territory but its gains…

Research: Bitcoin Gains are Closely Linked to Tether’s Issuance

Researchers have found a strong correlation between benchmark cryptocurrency bitcoin and its spin-off stablecoin Tether, according to a Bloomberg report.  Blockchain data forensic firm TokenAnalyst found that Tether’s issuance of fresh dollar-pegged tokens coincided strongly with the bitcoin price rally. On a day, the asset rose by as much as 70 percent right after Tether…

Bithumb to Discuss Bitcoin Regulations with the Indian Government

Bithumb Global announced it would work with the Indian Government to launch a regulated Bitcoin exchange. It also showed interests in promoting the cryptocurrency trade among the uninformed Indian investors. Bithumb co-founder and managing director, Javier Sim, announced the company’s further initiatives in the Indian commercial space. The statement implied partnerships with native Indian cryptocurrency…

US Exchanges’ Crypto Rating Council Faces Criticism

The newly formed Crypto Rating Council is already facing criticism for its role in categorizing cryptocurrencies. Tyler Gellasch, executive director at Healthy Markets, observed that some members of the council might have stakes in the cryptocurrencies under evaluation. That could unduly influence their assessment of the asset in concern. “A group of private companies jointly…

Catalysts Line Up to Boost Asia’s Bitcoin Market

More and more investors in Asia are exploring opportunities in the cryptocurrency market against the degrading condition of global markets. For example, the ongoing economic war between China and the US, as well as the China-Hong Kong conflicts, have had a significant impact on the financial system. The disputes have sent investors searching for alternative…

Upbit is Ending its Partnership with Bittrex

Cryptocurrency exchange Upbit is going to end its long-standing partnership with Bittrex on October 25. Since 2017, Upbit has shared its order books with Bittrex, which explains how the exchange was able to offer its users with more cryptocurrency pairs that other local bitcoin exchanges.  Coincidentally, October 25 is also the day when Upbit will…

Russian Banks Propose a Model for Legal Use of Cryptocurrencies

The Association of Russian Banks (ARB) has put forward a proposal to regulate the use of cryptocurrencies, especially by taxing them. On September 12, during the first session of the International Banking Forum in Sochi, Anatoly Kozlachkov, Vice President of the Association of Russian Banks, presented their report-proposal. “The problem is that the number is…

Bitcoin News Bulletin 09/25/19: Of a New Bitcoin ETF, IRS Warnings, and More

Presenting CoinStats followers with the most trending bitcoin stories of the last 24 hours. SEC to Take Call on Wilshire Phoenix’s Bitcoin ETF Proposal The US Securities and Exchange Commission (SEC) is now reviewing the application of yet another bitcoin exchange-traded fund. According to the securities regulator’s recent filing, it has initiated proceedings to determine…

Bitcoin News Bulletin 09/24/19: Of Germany, Satoshi’s Identity, Binance, And More

Presenting CoinStats followers with the most trending bitcoin stories of the last 24 hours. Bitcoin Trading Now Available on Germany’s Second Largest Stock Exchange Boerse Stuggart, Germany’s second-largest stock exchange, is now offering bitcoin spot trading services via its new subsidiary. Boerse Stuttgart Digital Exchange (BSDEX), as the division is called, started with the listing…

Bitcoin News Bulletin 09/17/19: Of Linux Malware, Bitcoin Cash, and More

Presenting you the most trending bitcoin stories of the last 24 hours. Imperceptible Linux Malware Is a New Way for Cryptojacking  Yesterday, prominent industry analysts Augusto Remiliano II and Jacob Urbanec posted a note on Trend ‘Micro’s security and intelligence blog. They discussed a new Linux Malware, which deploys malicious kernel modules to mine cryptocurrencies…