Ether Records Highest Daily Trading Volume in 12 Months

Daily trading volume for ethereum’s ether (ETH) token hit a 12-month high on Thursday. The second-largest cryptocurrency witnessed a 24-hour trading volume of $850,000 yesterday – the highest level since September 15, according to Bitfinex data.  Further, the current weekly volume of $2.9 million is the highest since mid-December. Meanwhile, 24-hour trading volume across all exchanges currently stands at $2.33 billion, the highest level since July 18, according to CoinMarketCap. ETH daily trading volume on Bitfinex The sharp rise in trading volume indicates the investors have likely bought the recent…

Morgan Stanley Plans Bitcoin Trading for Clients

U.S. banking giant Morgan Stanley is planning to offer clients Bitcoin trade swaps, anonymous sources told Bloomberg Thursday, September 13. Citing “people familiar with the matter,” the publication reveals the U.S. multinational will follow in the footsteps of fellow Wall Street players in pursuing Bitcoin exposure options. According to the sources, Morgan Stanley “will deal in contracts that give investors synthetic exposure to the performance of Bitcoin.” “Investors will be able to go long or short using the so-called price return swaps, and Morgan Stanley will charge a spread for…

Crypto Exchange OKCoin Expands Trading to 20 More U.S. States

Digital currency exchange OKCoin has announced its expansion of token-to-token trading into twenty new U.S. states, according to a statement published September 12. Per the announcement, OKCoin has extended trading services to the states of Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah and Wisconsin. Jim Nguyen, Vice-President of Marketing at OKCoin, stated in the blog post that the exchange collaborated with regulators in each state in order to comply with both federal and state laws. OKCoin CEO…

Binance Partners With Malta to Launch Security Token Trading Platform

Binance, the world’s largest crypto exchange by volume, is teaming up with the Malta Stock Exchange (MSX) to enable security token trading on the “blockchain island,” a local news site reported Tuesday. The exchange’s chief financial officer, Wei Zhou, signed a memorandum of understanding with MSX chairman Joe Portelli to launch a security token trading platform, Malta Today reported. Malta’s finance minister, Edward Scicluna, praised the crypto industry during a press conference, saying the nation will not miss an opportunity to take advantage of new innovations. Although blockchain and cryptocurrencies…

Malta Stock Exchange Signs MOU with Binance to Launch Security Tokens Trading Platform

The Malta Stock Exchange’s fintech and digital asset subsidiary, MSX PLC, has signed a Memorandum of Understanding (MOU) with crypto exchange Binance to jointly launch a new security token digital exchange, according to a press release shared with Cointelegraph September 11. The press release pitches the forthcoming trading platform as being poised to benefit from the Malta Stock Exchange’s “26-year track record of operating as a regulated stock exchange,” with the dynamism and international scope of Binance’s business model. As previously reported, Binance has steadily been expanding its business presence…

Bitcoin Price Awaits Next Move as Trading Range Narrows

Bitcoin (BTC) is being squeezed in a tight trading range, signaling a tug of war between the bulls and the bears, and the breakout will likely set the tone for the next move in the cryptocurrency. At press time, BTC is changing hands at $6,320 on Bitfinex, representing a 0.5 percent gain on a 24-hour basis. The $1,000 drop witnessed during a 24-hour period in the middle of the last week titled the tide in favor of the bears. As a result, the cryptocurrency was facing a risk of a drop to $6,000…

How the Fast-Growing Stock Trading App Got Into Crypto

As been reported by TechCrunch Sept. 6, stock and cryptocurrency trading platform Robinhood is planning to launch an initial public offering. Now the company is looking for a chief financial officer (CFO). Robinhood CEO Baiju Bhatt added that the startup is undergoing a spate of audits from the U.S. Security and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) in order to ensure regulatory compliance. After raising $363 million in a series D funding round and $110 million in a series C round, Robinhood was valued at $5.6…

U.S. SEC Suspends Trading for Two Swedish-Based Crypto ETNs

Two securities, one that tracks bitcoin and another that tracks the cryptocurrency ether, have been temporarily halted by a U.S. regulatory watchdog due to investor confusion. Starting September 9, 2018, the Securities and Exchange Commission (SEC) has suspended all U.S. trading of Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF) until September 20, 2018. The exchange-traded notes (ETNs) are issued by Swedish company XBT Provider AB, a subsidiary of U.K.-based CoinShares Holdings. Per the order, U.S. brokers are barred from trading the ETNs “for any purpose other than to…

SEC Stops Trading on Two Exchange-Traded Notes

The cryptomarket is fumbling at the moment. The reason could be the US Securities and Exchange Commission’s (SEC) decision to cease trading on two exchange-traded notes or ETN’s. The regulator has ceased XBT Provider’s trading of Bitcoin and Ether Tracker One securities but why? SEC Ceases Trading on Two Exchange-Traded Notes The SEC issued a notice that the two exchange-traded notes would stop trading until September 20th.  The two affected notes are Bitcoin Tracker One which trades under the code CXBTF, and Ether Tracker One which trades under the code…

Bitcoin Markets Volatile After US SEC Suspends Trading in Two Crypto-Based Securities

US regulators banned trading of XBT Provider’s Bitcoin and Ether Tracker One securities Sunday, September 9, briefly sending cryptocurrency markets tumbling. Citing “confusion” among investors, the U.S. Securities and Exchange Commission (SEC) issued a notice that two exchange-traded notes (ETNs) –  Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”) –  would cease trading until September 20. “The Commission temporarily suspended trading in the securities CXBTF and CETHF because of confusion amongst market participants regarding these instruments,” the SEC’s statement reads, continuing: “[T]he Commission cautions broker-dealers, shareholders, and prospective purchasers…