Fiat Exchange LMAX Launches Crypto Trading to ‘Further Legitimize Market’

UK trading platform LMAX has announced its entrance into the cryptocurrency market, launching an exchange targeting institutional investors, Financial Times reports today, May 21. LMAX, which has offered fiat currency trading since its inception in 2010, plans to cement the legitimacy of the cryptocurrency arena as institutional interest continues to grow. “We are furthering the legitimization of the crypto currency [sic] market by offering institutions a platform on which to acquire, trade and hold crypto currencies securely with high quality, deep liquidity,” CEO David Mercer said in a statement quoted…

Crypto Market Rebounds After Poor Week

Join our community of 10 000 traders on Hacked.com for just $39 per month. On previous reports, CCN noted that the $8,200 resistance level is an important threshold to observe given that a drop below the $8,200 mark could lead the bitcoin price back to the $7,900 region. Over the past 24 hours, the cryptocurrency market has rebounded as the bitcoin price reached $8,500 and tokens such as Tron (TRX), AirSwap (AST) and Ontology (ONT) recorded gains in the 10 to 20 percent range. Ontology, Tron, AirSwap The majority of…

Crypto Markets See Slight Growth, Total Market Capitalization Nears $392 Bln

May 20: Crypto markets saw some growth over the past 24 hours, with all of the top ten cryptocurrencies listed on Coinmarketcap currently in the green and total market capitalization approaching $392 bln. Market visualization from Coin360 Bitcoin (BTC) is up around 3 percent in 24 hours to press time, currently trading at $8,520. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has crossed the level of $700, currently trading at $719 with an increase in value of about 3% over the past 24 hours. Ethereum price chart.…

Cryptocurrency Market Rebounds After Poor Week, Ether Gains 5% and Aelf Rises 17%

Join our community of 10 000 traders on Hacked.com for just $39 per month. The cryptocurrency market has rebounded over the past 24 hours by around $17 billion, from $365 billion to $382 billion. Major cryptocurrencies including bitcoin, Ether and EOS increased in the 3 to 7 percent range, pushing the cryptocurrency market towards the $400 region. Ethereum and Tokens Ether, the native cryptocurrency of the Ethereum blockchain network, has been the best performing cryptocurrency amongst major digital assets in the likes of bitcoin, EOS, and Cardano. The price of…

Cryptocurrency Market Drops $42 Billion in Three Days, Most Tokens Struggle

Join our community of 10 000 traders on Hacked.com for just $39 per month. The cryptocurrency market has dropped by more than $42 billion in the last three days, from $412 billion to $370 billion. The daily trading volume of the market also declined by around $3 billion, from $22 billion to $19 billion. Poor Conditions Earlier today, on May 18, the bitcoin price dipped below the $8,000 mark, entering the $7,000 region for the first time since mid-April. Traders that expected the Blockchain Week in New York and the…

Post Hack Coincheck Reveals Plans To Expand To Us Market

Monex Inc, the company that recently acquired hacked Japanese crypto exchange Coincheck, has revealed plans to expand the exchange to the U.S. in an interview with Bloomberg today, May 18. Monex CEO Oki Matsumoto said he expects Coincheck will receive an official license from Japanese authorities next month, but – without specifying a timeframe – he revealed the company now has its sights beyond Asia: “Japan may seem like it’s one step ahead in crypto, but in terms of deciding what’s a security or a token and attracting institutional investors,…

Cryptocurrency Market Regains $7 Billion as Augur and EOS Prices Jump

Join our community of 10 000 traders on Hacked.com for just $39 per month. The cryptocurrency market has slightly rebounded by $7 billion over the last 24 hours, despite the struggles of bitcoin, ethereum, and other major cryptocurrencies in the global market. Augur Deploys Smart Contracts On Ethereum Mainnet Earlier today, on May 17, the Augur team announced that after years of development, the smart contracts of Augur will be live on the Ethereum mainnet on July 9, 2018. The official announcement of the Augur team led the market to…

Bitcoin Cash, EOS Drop 13% as Crypto Market Sheds $30 Billion Overnight

Join our community of 10 000 traders on Hacked.com for just $39 per month. The cryptocurrency market has dropped by more than $30 billion overnight, from $408 billion to $377 billion. Major cryptocurrencies such as bitcoin, Bitcoin Cash, EOS, and Cardano dropped in the 5 to 13 percent region, with Bitcoin Cash and EOS dropping 11 percent and 13.5 percent respectively. Bitcoin Cash and EOS Traders have often described Bitcoin Cash investment as leveraged bitcoin trading because on both the upside and downside, Bitcoin Cash moves by larger margins. Throughout…

Coinbase Targets ‘$10 Bln’ Institutional Investor Market With New Suite Of Products

Major US crypto wallet provider and exchange service Coinbase has announced it is launching a suite of new products aimed at institutional investors, according to an official blog post today, May 15. The four products – Coinbase Custody, Coinbase Markets, The Coinbase Institutional Coverage Group and Coinbase Prime – all focus on alleviating major concerns that have allegedly caused institutional investors to hold back from entering the cryptocurrency space so far, such as security and regulatory compliance. Adam White, Coinbase vice president and general manager, was confident in telling CNBC…

Cryptocurrency Market Trends | Showing Bearish Prospects

Cryptocurrency markets have been under pressure over the last week albeit extensive support from market activities and bullish price bets. The total cryptocurrency market capitalization continues to trade in the range of $400 billion as market trends aren’t supporting bulls stance. Traders aren’t giving weight to Goldman Sachs move into the cryptocurrency market along with increasing adaptation from Wall Street. Intercontinental Exchange (ICE) ICE recently announced it will launch cryptocurrency trading while NASDAQ has also been showing their interest in the cryptocurrency sphere. Bitcoin currently trades around $8,400 after hitting the…