Coinbase Closing Markets Office in Chicago

According to a report from Fortune on April 23, 2019, the U.S.-based cryptocurrency exchange Coinbase will shut down its Chicago office. Coinbase will scale back plans for a high-frequency trade matching engine in development there, software that automatically matches trade bids to complete trades at a higher rate. The exchange will also lay off about 30 engineers and transfer others to its San Francisco office. An unnamed Coinbase spokesperson told Fortune that the closure was due to a change in the company’s focus and that the exchange will instead work…

Crypto Markets See Mild Green, Global Stocks and Futures Mixed as Oil Spikes

Monday, April 22 — after yesterday’s mild market teeter, almost all of the top twenty cryptocurrencies are seeing mild green on the day to press time, seeing growth of between 1 and 7%, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin (BTC) is up 0.4% on the day and is trading at $5,315 by press time, according to CoinMarketCap. After yesterday’s dip to below $5,260, the top coin has just reclaimed ground above the $5,300 price point — but remains shy of its intra-week high of above $5,350…

Bithumb Exchange Operator Reveals Plans for US, Japanese Markets

The CEO of Singapore-based Blockchain Exchange Alliance (BXA) — which has a controlling stake in major South Korean crypto exchange Bithumb — has revealed plans to expand to the American and Japanese markets. The news was reported by Cointelegraph Japan on April 18. BXA CEO BK Kim told Cointelegraph Japan in an interview that BXA’s strategy is to pursue a so-called reverse merger route by acquiring a publicly-traded company that is already listed on either Nasdaq or the New York Stock Exchange (NYSE). The route can be a faster way…

Crypto Markets See Green, US Stock Futures Solid Ahead of Goldman, Citi Earnings

Monday, April 15 — after yesterday’s mixed movements, all of the top twenty cryptocurrencies are seeing solid green on the day to press time, seeing growth of between one and 10%, as Coin350 data shows.  Market visualization courtesy of Coin360 Bitcoin (BTC) is up around 1.5% on the day and is trading just under $5,200 by press time, according to CoinMarketCap. After hitting a multi-month price high of over $5,420 on April 10, the price of Bitcoin has subsequently corrected downwards — briefly dipping back below the $5,000 mark on…

Crypto Markets See Red, European Stocks Teeter in Wake of Brexit Deadline Extension

Thursday, April 11 — after a bullish week, all of the top twenty cryptocurrencies are reporting slight to moderate losses on the day by press time, as Bitcoin (BTC) corrects down close to the $5,100 mark. Market visualization courtesy of Coin360 Bitcoin is down close to 2.8% on the day, and is trading at around $5,106 by press time, according to CoinMarketCap. The top coin has seen a week of near-consistent growth, hitting an multi-month price high of over $5,420 yesterday, April 10. Today’s correction has brought Bitcoin’s weekly gains…

BTC Holds Above $5,000, Traditional Markets See Mixed Signals

Tuesday, April 9 — As major cryptocurrencies are trading sideways, Bitcoin (BTC) is holding above the $5,200 mark despite a minor decline in price. Meanwhile, traditional markets are down as United States president Donald Trump has threatened to impose $11 billion in duties on European goods. Market visualization from Coin360 BTC is trading sideways over $5,200 after breaking the $5,300 mark yesterday. Mati Greenspan, senior market analyst at eToro, told Cointelegraph that the world’s top coin is now testing a new resistance line: “We’re now testing a new resistance line…

BitGo Provides Custody and Wallets to Digital Asset Trading Platform LGO Markets

Blockchain security firm and wallet service BitGo has provided a newly launched digital asset trading platform, LGO Markets, with its custody and multi-signature wallets, according to a press release published Tuesday, April 9. LGO Markets, which is focused on institutional investors, will offer BitGo services for hedge funds, family offices and asset managers that are working with BitGo. Moreover, the clients of LGO Markets will be able to store their digital assets in BitGo Trust Company, regulated by the Division of Banking in the United States state of South Dakota.…

Bitcoin Briefly Breaks New $5,300 Support as Traditional Markets Grow

Monday, April 8 — Bitcoin (BTC) and Ethereum (ETH) have continued gaining momentum, while most of the top 20 coins by market cap have plunged in the red today. Ontology (ONT) and Bitcoin Cash (BCH) are seeing the biggest losses out of the top 20 coins, down 7.6 and 6.4 percent over the past 24 hours at press time, according to CoinMarketCap. Market visualization from Coin360 The largest cryptocurrency, Bitcoin, has continued to climb today, with its price reaching as high as $5,315 earlier in the day. At press time,…

Brian Kelly Says Next Target for Bitcoin is $6,000, With Crypto Markets Bottoming

Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, said that the next Bitcoin (BTC) target is going to be $6,000, CNBC reported on April 2. During an interview on CNBC’s “Futures Now” show, Kelly stated that “probably a reasonable target [for Bitcoin] is close to $6,000 for this move.” Kelly’s statement comes in the wake of a price surge elast night when the leading coin skyrocketed by over 15 percent and broke the $5,000 price mark for the first time since last November. Kelly suggested…

BTC Hits $4,800 for the First Time in 2019, Top Crypto Markets See Double Digit Growth

Tuesday, April 2 — Bitcoin (BTC) has pushed over $4,500 for the first time this year, while top crypto markets are solidly in the green for the second day in a row, some seeing major 24-hour growth. Market visualization from Coin360 The price of BTC skyrocketed, gaining more than 14 percent in the space of one hour early Tuesday. Hovering around $4,650 at press time, the coin peaked at $4,849 early on April 2, according to CoinMarketCap stats, before dropping slightly and trading sideways to press time. In comparison to…