In Fourth Report, QuadrigaCX Court Monitor Recommends Bankruptcy Proceedings

QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order. In January, the exchange announced that it was insolvent, owing clients roughly $250 million CAD, after Cotten died of septic shock while honeymooning with his wife, Jennifer Robertson, in Jaipur, India. Since Cotten’s death, the exchange filed for creditor protections in the Nova Scotia court system and the court has…

Brian Kelly Reveals Just How High This Rally Will Go

The crypto bulls are out in full force, and price predictions are back. Crypto trader Brian Kelly has consistently stuck up for bitcoin, even during the market downturn. Now BTC is returning the favor with today’s double-digit percentage rally. Kelly has taken his cue, telling CNBC that the $6,000 to $6,500 range is the new resistance and that’s exactly where the bitcoin price is headed: “Probably a reasonable target is close to $6,000 for this move.” Based on fundamentals, bitcoin could rise as high as the $6,500 to $6,800 range…

Coincheck Launches Bitcoin OTC Trading Desk 15 Months After Hack

The Tokyo-based cryptocurrency exchange Coincheck has launched a Bitcoin over-the-counter (OTC) trading service for its users, per a post published on its official blog. The platform’s OTC trading desk will serve the needs of large-scale and institutional investors that want to trade large volumes of digital assets. Trading starts from 50 BTC (worth about $207,900 USD at press time) via Coincheck’s web interface. Currently the OTC trading desk serves only investors who want to trade in bitcoin. However, according to the company, there are plans to launch OTC trading for…

Earn $50 of XLM for learning about Stellar and inviting your friends

Coinbase Earn is giving out one billion Stellar Lumens (XLM) from the Stellar Development Foundation to millions of eligible users to teach them about the Stellar protocol. Today, we are excited to announce our newest Coinbase Earn opportunity, Earn XLM. Eligible Coinbase customers in the US will receive an email invitation over the next few days to earn up to $10 of XLM by viewing Stellar tutorials and answering quiz questions. By sharing their unique referral link, customers will also be able to earn up to $40 more of XLM…

Bitcoin Bulls Stampede Bear Market Amid Major Dow Rally

Bitcoin surges 15 percent in 24 hours as the crypto bulls put the bears back in their place. The sudden rush of blood marks an end to a 3-month period of relative price stability for the OG crypto. Bitcoin’s Stable Streak Comes to a Positive End Bitcoin had enjoyed a stable period over the past few months, barely moving outside of a trading range between $3,800 – $4,200. That all changed today as BTC surged to $4,770. At press time, bitcoin is up over 15 percent according to Coinmarketcap. Bitcoin’s…

Bitcoin (BTC) Price Skyrockets To $5K As Uptrend Solidifies

Bitcoin price surged more than 15% and cleared the main $4,200 resistance against the US Dollar. The price rallied close to the $5,000 and $5,200 resistance levels, where sellers emerged. There was a break above a crucial contracting triangle with resistance at $4,200 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair almost touched a strong resistance zone near $5,000 before pulling back to $4,750. Bitcoin price rallied above $4,200, $4,400 and $4,750 against the US Dollar. BTC traded towards the $5,000 resistance and it…

Ethereum Price Analysis: ETH Hesitates But Fresh Increase Seem Likely

ETH price dipped once again and tested the key $139 support area against the US Dollar. The price is moving higher, but it must break the $142 and $143 resistance levels for more gains. There is a major bearish trend line in place with resistance at $142 on the hourly chart of ETH/USD (data feed via Kraken). The pair might trade in a range for some time, but sooner or later it is likely to revisit $145. Ethereum price is currently consolidating in a range against the US Dollar and…

Pakistan Introduces Crypto Regulation | Bitcoin Magazine

The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF). The FATF is an intergovernmental organization based in France that creates policies for combating money laundering and other threats to the integrity of the global financial system. It has reportedly been working on international regulations for cryptocurrencies. The Express Tribune report cited anonymous sources from within the country’s…