On February 2, trading of Bitcoin approached $3,500 before settling at around $3,475. This came amid a mixed day for other leading digital currencies. In spite of rising from $3,437 at the beginning of the day, Bitcoin is still down around 3% for the week. The largest…
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99Crypto
Cryptocurrency Market Continues Last Year's Holding Pattern
A quiet cryptocurrency market remains in effect these days. Cryptocurrencies haven't posted major gains or losses in recent weeks. For now, 2019 looks to maintain the overall trend of 2018, which means cryptocurrencies are stuck in a holding pattern. Most instances of gains are met with losses soon…
U.S. Cryptocurrency Exchange Gemini And It's Current Security Compliance Audit.
On January 29, U.S. cryptocurrency exchange Gemini — which was founded by Tyler and Cameron Winklevoss — revealed that they underwent a Service Organizational Control (SOC) 2 Type 1 security compliance audit. This revelation was made in a post on the company's Medium blog. SOC 2 audits ascertain whether…
BitTorrent Token Sales in the Millions and Expected to Rise
On January 28, BitTorrent tokens were sold on Binance's Launchpad platform. According to a blog post on the exchange's website, they sold 50 billion tokens in less than 15 minutes, and the proceeds of the sales amounted to a little more $7 million. BitTorrent is a…
Many Financial Executives See Investors Ditching Cryptocurrency Bitcoin For Gold
During an interview with CNBC on January 26, Jan Van Eck — who is the CEO of Van Eck Associates — indicated that many holders of Bitcoin have been switching to gold. Van Eck said that in the past year many investors moved from gold to Bitcoin, but this year he is…
Cryptocurrency Regulation Is Evolving in Major Financial Countries
Despite a protracted cryptocurrency bear market, financial regulators around the world are keeping tabs on the trading, adoption and development of major tokens. One of the countries that has shown significant interest in coming up with a set of regulatory guidelines is the United Kingdom, where its Financial Conduct Authority…