New BitGo Partnership Lets Clients Trade Crypto Directly From Cold Storage

American crypto wallet and custodial firm BitGo has teamed up with Genesis Global Trading, a digital asset trading firm, to improve the crypto trading experience for its institutional investors. Investors who use BitGo’s custody service can now trade their assets directly from their BitGo custody account, without the need to move the assets to an exchange. “Institutional investors want to put their assets to work and they want security,” Mike Belshe, BitGo’s CEO, told Bitcoin Magazine. “Until now, they’ve had to make compromises on one front or the other, choosing…

Bittrex Launches Over-the-Counter Trading Platform for Bitcoin, Crypto

Major cryptocurrency exchange Bittrex will launch an over-the-counter (OTC) trading desk today, January 14, 2018, by 18:00 UTC. The service will allow investors to trade nearly 200 digital assets currently offered on the Bittrex trading platform. OTC trading is popular with institutional investors who trade in large volumes of cryptocurrencies. This form of crypto trading happens between two parties, and it takes place away from the exchanges. OTC trades are often handled via brokers, who offer high-volume traders a trading desk to execute large trades with a faster settlement and…

Following $5 Billion Drop in Crypto, Traders See Weakness in Bitcoin

On January 13, the crypto market initiated an intense sell-off as the Bitcoin price fell below the $3,500 mark. The weakness in the short-term price trend of BTC led the market to demonstrate volatility on the downside. More than $5 billion was wiped out of the crypto market and major assets like Ethereum recorded a six percent drop. Where is Bitcoin Headed? Generally, both analysts and traders expect Bitcoin to fall to the low $3,000 region in the days to come. Some have suggested that a strong buy wall below…

CoinShares CSO: SEC Unlikely To Approve Bitcoin ETF, Crypto Concerns Remain

Although the regulatory status of Bitcoin exchange-traded funds (ETF) remains up in the air, talk on this subject matter has picked up heading into 2019. On one hand, there are an array of optimists claiming that 2019 will be the year of cryptocurrency-backed ETFs. On the other hand, there are cynics who believe it is too earlier for the crypto market to handle such an investment vehicle. Interestingly, a number of guests onto technology entrepreneur Ran NeuNer’s recent installment of CNBC Africa’s “Crypto Trader” claimed that they don’t expect for…

Two Thirds of Korean Crypto Exchanges Fail Government Security Check

Only a third of cryptocurrency exchanges inspected got a full pass in a recent government security audit. The Ministry of Science and ICT, the Korea Internet & Security Agency and the Ministry of Economy and Finance inspected a total of 21 crypto exchanges from September to December 2018, examining 85 different security aspects. Notably, only 7 of them – Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea – cleared all the tests, CoinDesk Korea reported Thursday. The remaining 14 exchanges are “vulnerable to hacking attacks at all times because of poor…

What Crypto Winter? Blockchain Developers are Still Making a Killing

Blockchain developers are now earning more than they were six months ago, according to a survey-based report by Computer World. In the course of the last six months, the annual pay for blockchain developers in the highest bracket increased by over US$4,000, as per the survey which was conducted by management consulting firm Janco Associates. The median annual pay for blockchain developers is also considerably higher than that of other software developers at US$132,000. Experienced developers earn even more – US$176,000 – especially when they change employers. Top of the…

Crypto Market Won’t Recover Anytime Soon

Vinny Lingham, a general partner at Multicoin Capital and the CEO of Civic, believes the crypto market won’t recover any time soon. He said: The crypto market will rise again, but most likely only when the pain of the recent fall becomes a distant memory. Don’t underestimate the power of psychology in free markets. Why Crypto Could Take a Long Time to Recover Top cryptocurrency assets including bitcoin (blue), ethereum (red), and ripple (orange) have taken steep losses over the past several days. In 2017, the crypto market saw one…

Why the Crypto Market Remains ‘Moderately Bearish’ in 2019

With the exception of Ethereum, which seems to have started the year with all guns blazing ahead of the Constantinople fork, it won’t surprise anyone that the market analysts SFOX rate crypto as “moderately bearish” entering 2019. In fact, with further sharp drops in all major coins today, perhaps even the word “moderately” is wishful thinking. Source: SFOX Volatility Report However, unlike many price predictions based on the instincts of even the most credible CEO or economist, the SFOX Volatility Report is based on more than just sentiment. The cryptocurrency…

Bitcoin (BTC) Falls 5% Amid Sudden Crypto Market Meltdown

Market Drops Drastically In 2019 First On Wednesday night, The Crypto Dog, a leading Bitcoin analyst, took to his Twitter page, which sports over 100,000 followers, to draw attention to the Ethereum/USD chart, noting that something might happen soon. The chart, which accentuated ETH’s wedge formation, indicated that a breakout (either up or down) was slated to happen. whatever gonna happen I think it might gonna happen soon pic.twitter.com/NvhoThFldI — The Crypto Dog📈 (@TheCryptoDog) January 10, 2019 Just hours after his tweet, Ether, along with BTC and the rest of…

Why Bitcoin Bubble Bursting is Good for Entire Crypto Space

Even the most ardent crypto evangelist must admit that bitcoin appears to have been the worst investment of 2018, at least in pure dollar terms. The cryptocurrency has lost almost 80 percent of its market capitalization since it established an all-time high at around $327.15 billion. The adoption rate and volume have dropped likewise. Organizations that were planning to launch their bitcoin-based services have delayed their projects or scrapped them entirely. As any seasoned trader would say, the bitcoin bubble is bursting — or has burst already. The Anatomy of…