Liquid Reveals Blockchain Wallet Holding GRAM Tokens

Japanese cryptocurrency exchange Liquid has revealed that proceeds from its resale of GRAM tokens are being held in escrow in a digital wallet. GRAM tokens, the eagerly awaited cryptocurrency by Telegram, were initially available through two highly secretive and selective ICOs carried out in February and March of 2018. A secondary market for these tokens sprung up and saw resale markups of up to 400%. Telegram is yet to officially confirm any details of the Telegram Open Network (TON), its proposed blockchain, but one of the clauses in the ICO…

Bitcoin Extend Gains as Yuan, Pound Hits Record Low

Bitcoin continued its ride to the upside as investors/speculators weighed in the prospects of dwindling government currencies. The benchmark cryptocurrency today established a session high of $10,500, bringing its five-day gains to as high as 12.44 percent on San Francisco-based Coinbase exchange. The move appeared after a depressive August, wherein bitcoin lost about 25 percent of its market capitalization largely owing to overbought conditions. Nevertheless, the asset kept its long-term bullish bias intact, confirmed by its year-to-date performance, which remained well above 150 percent despite the interim downside corrections. Bitcoin…

Norwegian Bank Invests in Crypto Exchange Founded by Airline Magnate

A Norwegian savings bank dating back to the mid-1800s has just invested in a cryptocurrency exchange set up by local business magnate Bjørn Kjos. In a press release posted on the Oslo Stock Exchange, Sparebanken Øst said it had taken a 16.3 percent stake in Norwegian Block Exchange (NBX) for 15 million Norwegian krone (around $1.638 million). NBX was revealed to be in development in April of last year, after being founded by Kjos and his family. Bjorn’s son Lars Ola Kjos – apparently a fan of bitcoin – is leading the exchange’s operations. The platform launched for…

Bitcoin’s Total Share of Crypto Market Now Highest Since March 2017

View Bitcoin’s price recovery from the Aug. 29 low of $9,320 is backed by an uptick in the dominance rate to 30-month highs. Weak trading volumes, however, indicate the recovery could be short-lived and a fall back to $9,750 could be in the offing in the next day or two. Weekly chart indicators continue to call a bearish move. A high-volume UTC close above the bearish lower high of $10,956 (Aug. 20 high) is needed to revive the short-term bullish outlook. A weekly close (Sunday, UTC) above $12,000 is needed…

Binance Acquires Crypto Exchange JEX to Boost Derivatives Offerings

Binance has announced the acquisition of crypto exchange JEX in a bid to boost its crypto derivatives offerings for pro traders. Seychelles-registered JEX offers spot and derivatives (including options and futures) trading in cryptocurrencies such as bitcoin and ether. Going forward under Binance management, the derivatives exchange will be known as Binance JEX. JEX offers its own token, also called JEX, which will continue to be guided by its existing foundation, Binance said. Binance plans to first distribute the tokens to users through “marketing activities and community incentives” before ultimately clawing back…

Bitcoin Price Breaks $10,000, Supercharged by China’s Soaring Forex Appetite – CCN Markets

Bitcoin price is trading back above $10,000 again. | Source: Shutterstock Bitcoin gained momentum to continue a recent winning streak as the Chinese Yuan dropped to its weakest level in more than a decade. The benchmark cryptoasset accelerated its early morning advance with a 1.14 percent gain, adding up to 12.44 percent since August 30 low of $9,337. The upside move also brought bitcoin’s market capitalization to about $180.90 billion, which covered more than 70 percent of the total cryptocurrency market valuation. Bitcoin on a 5-day winning streak as Yuan…