The Switzerland-based branch of a major Russian bank has also joined OpenVASP.

Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators.

According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running partners like fintech firm Avaloq and crypto custody provider Metaco.

Gazprombank Switzerland CEO Roman Abdulin said that the new service intends to make crypto transactions “as easy as transactions with traditional assets,” stating:

“Digital assets will become increasingly important for our clients and the glo ... Read more »

Category: News | Views: 60 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

Crypto debit cards have gained popularity in recent years, and one company is aiming to gain an upper hand over rivals by eliminating downsides and offering competitive perks.

In the early days, cryptocurrencies could only really be used for investing and trading. If you wanted to make a purchase using digital assets, you’d probably end up disappointed.

Crypto debit cards have burst onto the scene in recent years — paving the way for these cutting-edge currencies to be used for everyday products. There’s just one problem… many products on the market have their limitations.

More often than not, the owners of these debit cards need to top them up before they can be used, and their prepaid nature ... Read more »

Category: News | Views: 47 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

Coinbase has suffered multiple outages since March, often coinciding with volatile Bitcoin trading days.

Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers from buying or selling their crypto assets and are generally viewed unfavorably by traders.

Between March and November, the exchange recorded nine different issues leading to various types of outages or connectivity problems, although direct customer impact is somewhat unclear in some of the instances. The issues seemingly range in their degree of severity. The main status update posted by Coin ... Read more »

Category: News | Views: 35 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

A metric from bitcoin’s perpetual futures market suggests some traders may have become overleveraged during the recent rally to above $18,000.

The average level of the “funding rate” across major exchanges has risen sharply from 0.023% to a five-month high of 0.087% in the past 48 hours, according to data source Glassnode.

“Rising funding rates have in the past been associated with a larger portion of the market utilizing leverage via perpetuals,” Matthew Dibb, CEO of Stack Funds, told CoinDesk. “If we see continued overleveraging in the derivatives market, bitcoin (BTC, +2.74%) will be increasingly volatile in the short-term.”

Subscribe to Blockchain B ... Read more »

Category: Analytics | Views: 45 | Added by: andryvrozhkov | Date: 23.11.2020 | Comments (0)

The OCC is proposing a rule change that compels large U.S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank Act’s mandate.

Discrimination Against Disfavored Businesses

The Dodd-Frank Act already recognizes a broad and longstanding anti-discrimination principle that individuals are entitled to be treated fairly by national banks. The Office of the Comptroller of the Currency’s (OCC) proposed rule change now seeks to end the persistent discrimination against “disfavored” b ... Read more »

Category: News | Views: 69 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

The U.S.-based company Digital Asset Investment Management (Daim) has announced the launch of a company-sponsored 401(k) retirement plan that allocates up to 10% in bitcoin. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold storage by leveraging the custodian Gemini Trust.

During the last few years, investors have been able to leverage a digital currency retirement plan in the form of an IRA. For instance, the company Bitcoinira helps people invest in cryptocurrencies like BTC, BCH, ETH, and LTC with the firm’s cryptocurrency-focused retirement funds. On Thursday, November 19, 2020, the Newport Beach California-based company Digital Asset Investment Manageme ... Read more »

Category: News | Views: 57 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

Users of leading cryptocurrency spot and derivatives exchange, OKEx can now rejoice as the platform has announced the resumption of cryptocurrency withdrawals by Nov 27. The latest announcement means that users will be able to withdraw their crypto assets after the platform temporarily suspended the service on Oct 16.

The suspension on withdrawal was set in place as a measure to safeguard users’ funds following the involvement of one of its private key holders in the public security bureau investigations. During the entire period, all other features except for withdrawals have been working flawlessly.

Acknowledging the inconvenience caused to its community, CEO of OKEX Jay Hao said, “We are extremely pleased to be ... Read more »

Category: News | Views: 40 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

The cost to purchase one Ethereum (ETH) token surged to its two-year high in the days leading up to its transformation into a proof-of-stake asset.

The ETH/USD exchange rate [almost] hit $600 on Monday following a 6.21 percent upside move, its highest level since May 2018. Traders apprehensively increased their bullish bets on the pair after anticipating a supply deficit in the Etherum market.

Ethereum 2.0

In retrospect, Ethereum expects to undergo a major network upgrade under the title of Ethereum 2.0. The technical advancement will increase its blockchain’s scalability, energy efficiency, and security without compromising its inherent decentralization.

Meanwhile, Ethereum 2.0 also proposes to change ... Read more »

Category: Analytics | Views: 32 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

KEY POINTS

ARK CEO thinks Bitcoin could go as high as $500,000
Institutional investors are increasingly becoming interested in Bitcoin
Bitcoin is seen as a digital version of gold

With Bitcoin nearly touching $19,000 in the last few days, many analysts are of the opinion that the benchmark cryptocurrency still has room to grow to as much as $500,000.

Institutional investors are now ramping up their purchase of Bitcoins. ARK Investment's Catherine Wood suggested that if all institutions would assign even a mid-single-digit allocation to Bitcoin on their portfolio, its value would increase tremendously. "The cryptocurrency could rise to somewhere in the $400,000 to $500,000 range," she told ne ... Read more »

Category: News | Views: 48 | Added by: andryvrozhkov | Date: 23.11.2020 | Comments (0)

Tesla has been an investor’s dream in recent months. The company’s stock price has performed quite well since late last year with eccentric billionaire Elon Musk at its helm. One of the things that makes Tesla such a popular investment is its high-end brand in the world of electric vehicles.

Notably, Tesla’s rally came as bitcoin also surged tremendously, leading many analysts to question whether there are some similarities between the two assets. In August of this year, the Tesla stock price hit a new lifetime high of $2,000 per share after increasing by approximately 46% in just ten days. The bitcoin price has also set a couple of milestones. The bellwether cryptocurrency has charted a steady rally from the psychol ... Read more »

Category: Analytics | Views: 33 | Added by: 4zvezda | Date: 23.11.2020 | Comments (0)

Bitcoin has undergone a strong rally over the past few weeks, rallying from the $11,000 range to $18,700 as of this article’s writing. A comparison between BTC’s current rally and the rally that Tesla saw in late 2019 suggests that in the year ahead, BTC could be primed to see exponential growth.

Although this conclusion can be drawn from a fractal, analysts say that similarly bullish sentiment can be drawn from fundamentals and technicals. Bitcoin is about to close its highest monthly candle in history, higher than the December 2017 candle of $14,000, while the fundamentals of this space improve at a rapid clip.

Bitcoin Set to Erupt Higher, Tesla Comparison Shows

Tesla has undergone a stellar rally since ... Read more »

Category: News | Views: 45 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)

Chainlink has seen a strong push higher over the past few days, with its ongoing rise coming about in tandem with that seen by Bitcoin and Ethereum
This market-wide uptrend has proven to be highly beneficial for altcoins, with many posting massive gains throughout the past few hours as bulls aim at sparking a full-blown 2017-style uptrend
Because Bitcoin is showing signs of strength, with each dip being aggressively bought, there’s a strong possibility that further upside is imminent
This could bolster Chainlink, which has been reacting quite positively to the recent momentum seen across the market
One trader is also noting that the crypto could be on the cusp of seeing significantly further gains due to its rece ... Read more »

Category: Analytics | Views: 42 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)


Bitcoin price failed to continue higher above $18,800 and corrected lower against the US Dollar. BTC is now trading below the 100 hourly SMA and showing a few bearish signs.

Bitcoin is facing a strong resistance near the $18,700 and $18,800 levels.
The price is now trading below $18,500 and the 100 hourly simple moving average.
There is a short-term ascending channel forming with support near $18,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct sharply below $18,150 and $18,000 levels in the near term.

Bitcoin Price is Struggling Below $18.8K

There were a couple of swing moves in bitcoin price (unlike Ethereum and ripple) below the $18,200 and $18,00 ... Read more »

Category: Analytics | Views: 42 | Added by: danyagames2007 | Date: 23.11.2020 | Comments (0)