The Takeaway: QuadrigaCX’s former users are running out of patience with Miller Thomson and EY, the court-appointed companies tasked with recovering their missing funds. The users want more transparency into EY’s investigation of Quadriga’s missing funds, as well as a better understanding of how the audit firm accidentally lost 103 bitcoin earlier this year. Some…
Switzerland’s SIX stock exchange has just lost a key executive in charge of its digital assets exchange, SDX. As reported by SwissInfo.ch on Thursday, SDX CEO Martin Halblaub has announced he will be departing the exchange just eight months after taking on the role. A disagreement over the future direction of the in-development exchange is said…
View Bitcoin appears on track to test the psychological support of $10,000, as the daily chart moving averages and other key indicators have turned bearish. A high-volume price breakdown seen on the hourly chart also favors a drop to $10,000. However, the hourly chart indicators are reporting a bullish divergence. So, a price bounce to…
Matthew Trudeau is chief strategy officer at crypto asset exchange ErisX. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in crypto assets. Sign up here. Recently CoinDesk published an article titled, ‘High Frequency Trading is Newest Battle Ground in Crypto…
The popular and sometimes controversial stablecoin tether (USDT) is to launch on a fifth blockchain. Announced by the (mostly) U.S. dollar-backed token’s issuer on its website, the news means traders will have a USD stablecoin option on omni, ethereum, tron, EOS and, soon, algorand. “Extending Tether into the Algorand ecosystem is a fantastic opportunity for us…
Binance, the world’s top exchange by trading volume, is considering launching a branch in South Korea, according to reports. Changpeng “CZ” Zhao confirmed the possibility to local news source Block In Press on Tuesday, saying (via translation) that the firm is “working with local partners, but we do not know the details.” However, according to a report…
With the supply of new coins to be halved in less than five weeks, litecoin is outpacing its peers. The fourth-largest cryptocurrency by market capitalization is currently trading at $123, representing 5 percent gains on a seven-day basis, according to data source CoinMarketCap. Meanwhile, bitcoin, the top cryptocurrency by market value, is currently reporting a meager…
The eToro cryptocurrency wallet is adding support for 120 ERC-20 standard tokens. First to be included in the wallet from Tuesday are Maker (MKR), Basic Attention Token (BAT), OmiseGO (OMG), with the others to follow in the “near future,” according to a press release emailed to CoinDesk. ERC-20 is a technical standard that sets rules for tokens…
The price of bitcoin (BTC) hit a 13-month high above $9,300 on Sunday. The leading cryptocurrency by market capitalization rose to $9,381 at 05:55 UTC – the highest price since May 10, 2018, according to CoinDesk’s Bitcoin Price Index. BTC was last seen trading at $9,250 representing 6.4 percent gains on the day. On a…
View Bitcoin’s price consolidation in a tight range continues for the eighth day, as litecoin rallies to its highest level since May 2018. BTC’s 4-hour chart shows $8,053 is the level to beat for the bulls. A high-volume break higher could be followed by a rise to $8,500. LTC looks set to extend its recent…