BitMEX Launches VC Division, “BitMEX Ventures,” Mirroring Coinbase, Huobi

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BitMEX Launches VC Division, “BitMEX Ventures,” Mirroring Coinbase, Huobi

bitmex-launches-vc-division-bitmex-ventures-mirroring-coinbase-huobi

BitMEX Launches VC Division, “BitMEX Ventures,” Mirroring Coinbase, Huobi

BitMEX, the world’s largest Bitcoin derivatives exchange, is launching their own VC division, according t The Block. Led by Kumar Dandapani, a former partner at the quant research firm Nth-Degree Analytics, BitMEX joins Huobi, Coinbase, and Binance in the group of exchanges diving into VC. This new endeavor however, by BitMEX has not been officially announced and is yet to be confirmed.

BitMEX and VC

Although the rumours are unconfirmed, BitMEX has previously diversified into venture capital. Last month, CryptoGlobe reported that BitMEX was an investor in Blockfolio, the cryptocurrency portfolio tracking app. In their recently completed Series A financing round, Blockfolio raised $11.5M, receiving investment from BitMEX, Huobi, and other prominent cryptocurrency funds.

One member of BitMEX Ventures is Maxim Wheatly. His LinkedIn profile records that Wheatley has been working at BitMEX since September, as head of venture development. His role is to lead “global seed-stage investment and partnership activities,” a title which would suggest increasing VC interest from BitMEX.

Other Exchanges and VC

BitMEX is not the first cryptocurrency exchange to diversify into venture capital, and it’s no surprise that the Seychelles-based exchange giant is joining the VC space. Previously, the United State’s favorite exchange, Coinbase, launched Coinbase Ventures, a VC group that has so far invested in more than 20 cryptocurrency companies.

Huobi has also joined the venture capital area. Earlier this year, it was announced that they would be launching a $1 billion fund for Chinese blockchain companies. Called Huobi Labs, this fund would not only be a VC firm, but also an incubator, helping expand China’s influence throughout the cryptocurrency industry.

Finally, exchange giant Binance has created Binance Labs, a cryptocurrency incubator that will give startups $500,000 in exchange for a 10% equity share. Binance is also one of the only exchanges to complete a public acquisition, when in July it purchased Trust Wallet, a mobile Ethereum wallet and dApp browser. 

Bitcoin (BTC) Price Analysis – November 9

Bitcoin, BTCUSD, CryptoCompare chartBitcoin Chart by Trading View

BTCUSD Medium-term Trend: Ranging

Resistance levels: $7,000, $7,200, $7,400

Support levels: $6,300, $6,100, $5,900

Yesterday, the BTCUSD pair was in a bearish trend. On November 8, the BTC price was resisted at the price of $5,585 after failing to break the $6,600 price level. The crypto’s price fell to the low of $6,475 and commenced a bullish movement. From the daily chart, the digital currency is likely to rise because the price is above the exponential moving averages (EMAs).

Secondly, as long as the crypto remains above the $6,400, it is likely to resume its uptrend. On the other hand, if the bears break the $6,400 price level, the price will be in the bearish trend zone. The price of Bitcoin will be weakened and the previous lows are likely to be revisited. In addition, the Stochastic is in the range of 80 which indicates a buy signal while the momentum of the price is increasing on the upside.

BTCUSD Short-term Trend: Bullish  

Bitcoin, BTCUSD, CryptoCompare chartBitcoin Chart by Trading View
                    

On the 4-hour chart, the BTC price is in a bullish trend. On November 6, at the price of $6,480.40, the price of Bitcoin had the first bullish trend that was terminated the following day. On November 9, at the price of $6,479.50 another bullish trend is commencing. It is likely that the $6,600 price level will be tested again.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Trezor’s Model One and Model T Wallets Now Support for Monero, Cardano, Stellar, Ripple, Decred and Others

Trezor, the cryptocurrency hardware wallet brand from Satoshi Labs, has launched a firmware update for their Model One and Model T cryptocurrency wallet which has added support for Monero, Cardano, Stellar, Ripple, Tezos, Decred, Groestlcoin, Lisk, and Zencash, the company announced in a blog post on November 7, 2018.

Updates Developed by the Community for the Community

One of the most popular cryptocurrency hardware wallets, Trezor, has announced new firmware updates for two of their most popular wallets, Model One, and Model T. Satoshi Labs, the company behind the wallet, called the new firmware “special,” and said that it was the first community-driven firmware update for both of the wallets.

The company said that a lot of the changes coming in this package have been implemented by external contributors, which are all part of the Trezor Community. Coin-developers were tasked with working on the Trezor integration, while SatoshiLab’s experts reviewed, tested, and optimized the code.

According to Trezor’s blog post, the new firmware versions, version 2.0.9 for Model T and 1.7.1 for Trezor One, are available for download in the Trezor Beta Wallet.

Trezor Wallet White Background

(Source: Trezor)

Trezor Model T now supports an array of new coins that a lot of Trezor’s community members have been asking for, while Trezor One now supports a new communication protocol – WebUSB. Trezor One’s firmware update has also expanded its coin support.

What Do the Updates Bring to Trezor Users?

In the company’s blog post, Pavol Rusnak, CTO of SatoshiLabs, said:

“With Trezor Model T, we have decided to redesign a lot of stuff completely from scratch. One of these changes was to have business logic code written in Python, [the] language most developers are familiar with, instead of embedded C used for the original Trezor model.”

And while the switch to Python represents a huge move for the company, most of its community was more excited about the added support for new coins. The new Trezor Model T firmware now supports Monero, Cardano, Stellar, Ripple, Tezos, Decred, Groestlcoin, Lisk, Zencash, and Zcash Sapling hard fork.With the exception of Monero, all of the above-mentioned coins will be supported with the new update. According to Trezor, the company is currently waiting for Monero developers to release an update for the Monero Wallet, after which users the will be able to use Monero and Trezor with monero-wallet-cli and later through monero-wallet-gui.

Cryptogem Global无视津巴布韦央行禁令,上线P2P比特币交易所



Cryptogem Global,一个点对点的比特币交易所,无视津巴布韦储备银行的加密货币禁令,在首都哈拉雷开业。这个去中心化交易所支持购买和出售BTC,不需要经过像传统金融机构这样的中介。
推荐阅读:津巴布韦高等法院推翻了央行的数字加密货币禁令

一个全球化的加密货币交易所

IMG-20181108-WA0008-1-300x173该交易所的首席执行官兼联合创始人梅丽莎·穆瓦尔(Melissa Mwale)接受news.Bitcoin.com采访时表示,“Cryptogem Global是一个比特币交易平台,世界各地的人都可以用本国货币已经电子货币与比特币进行交易。”

穆瓦尔称,这个想法的初衷是创建一个交易不用受限于某一国家的无国界交易平台。她还举例说,公司的目标是为人们提供服务,让津巴布韦的人可以使用Paypal、Skrill或是西联与英国的人交易。

有一段时间,津巴布韦的虚拟货币活动在监管不确定的乌云下进行的。但是,津巴布韦储备银行5月宣布禁止加密货币,这个禁令开启了黑暗以及不可预测阶段,国内仅有的两家交易所Golix和Styx24受到重创。随后,国内比特币交易所转向地下,或者转到像Whatapp这样的社交平台,这些地方偷盗或欺诈的风险会更高。

津巴布韦的央行,津巴布韦储备银行,本质上没有权利关闭加密货币交易所,虽然交易所被指控未经授权进行提供银行服务,违反了《外汇管制法》。但是,该法案也并未授权央行关闭交易所。津巴布韦储备银行曾试图直接关闭交易所Golix,但是被高级法院驳回,该法院判决,储备银行的行长约翰·麦古对国内的加密货币行业没有管辖权。

无视禁令

IMG-20181108-WA0005-300x221
梅丽莎·穆瓦尔

但是央行通过代理,通过商业银行完全获得了控制权,关闭了这两家交易所。央行下令银行关闭了属于Golix和Styx24的银行账户,有效地切断了他们的供应。借此,所有的中心化虚拟货币交易活动实际上都停止了。

但是,Cryptogem以一种聪明的方式无绕开了禁令。这家P2P的比特币交易所确实没有任何账户,因此央行无法关闭交易所。

“Cryptogem确实在津巴布韦没有任何银行账户,”穆瓦尔说道,她见证了平台在第一周就新增300个注册账户,交易量达到2000美元。挂单的交易手续费平均为0.9%,充提手续费是0.00005BTC。

实际上我们现在不需要银行账户,尽管我们在津巴布韦注册为私营企业。我们不直接和银行打交道,因为我们确实没有什么法币业务。如果你留心的话,应该会发现银行主要是禁止交易所直接使用银行服务。

这家新交易所受到了津巴布韦的新财长苏利•恩库贝的鼓舞,他曾积极谈论过加密货币和区块链技术。

“我认为津巴布韦应该采取的态度是深入了解(数字资产)创新。”经济学教授恩库贝在9月发表里的一篇文章里说道,“央行常常都在投入研究这些技术上步伐太慢。”

IMG-20181106-WA0007-1-768x476

要在Cryptogem上交易,首先需要充值BTC,然后挂单等待匹配符合预期价格的买家,或者能接受报价的买家。买家有意购买,双方将转到私人聊天窗口,谈论并敲定交易的具体细节,包括支付。卖家确认支付后,交易所将会把作为担保的BTC放给买家。News.Bitcoin.com测试了Crypotogem的交易界面,在数分钟内就顺利完成了一笔五美元的交易。

比特币在交易所上的价格明显大幅飞涨,在2万美元到2.4美元之前,这反映了汇率的波动。目前,津巴布韦比特币对美元的汇率根据支付方式不同,有三个不同的等级。通过银行或者手机转账、纸币或者硬币,兑换美元的成本是通过津巴布韦手机或银行的“债券货币”支付的三倍之多。

在一个时常受到欺诈和投资者资金被盗问题困扰的市场里,安全是关键。穆瓦尔说道,所有的账户都是双重验证。

“只有少量的资金是在线存储(热钱包),这些资金只是为了加快提现的速度。”她补充说道,“在应用安全方面,我们有第三方的审计员,他们会对我们的核心应用进行审查。我们的服务器信息是保密的,受一位行业领袖提供的防火墙保护。”

发文时比特币现金(BCH)的价格是:¥ 4132.45

你怎么看津巴布韦的这家新P2P交易所?欢迎在下面留言评论。


图片来源:Shutterstock。


比特币的世界非常广阔,Bitcoin.com也是一样。查看我们的维基百科,可以了解到所有你想了解的知识;阅读我们的新闻资讯,可以了解最新动态;或者点击我们的工具栏,可以深入研究统计数据。

原文链接:https://news.bitcoin.com/cryptogem-global-defies-zimbabwes-central-bank-with-new-p2p-bitcoin-exchange/
作者:Jeffrey Gogo
翻译:Bitcoin.com



XRP Price Analysis – November 9

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XRP Price Analysis – November 9

xrp-price-analysis-november-9

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

XRPUSD Medium-term Trend: Bullish

Resistance Levels: $0.56, $0.58, $ 0.60

Support Levels: $0.50, $0.48, $0.46 

Yesterday, the XRP price was in a bearish trend.The bearish trend was as a result of its inability to break the upper price level of $0.60. However, the bearish trend was terminated at a price of $0.49 and the bulls commenced a bullish movement. The crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price is likely to rise. 

If the price rises, the digital currency may face resistance at the price of $0.54. The Stochastic indicator is in the range below 80 which indicates a sell signal and the momentum is increasing on the downside.

XRPUSD Short-term Trend: Ranging  

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View
            

On the short term trend, the XRP price is in a sideways trend. The crypto’s price is fluctuating above the $0.50 price level. The bullish candlestick is being resisted at the 12-day EMA  and the price is approaching the $0.50 price level. If the bears break the $0.50 price level, the digital currency will find support at $0.46 price level.

Nevertheless, the Relative Strength Index period 14 is level 48 which indicates that the price is in the sideways trend zone.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.          

French Crypto Traders Might Benefit from Lower Tax

Welcome to Cryptovest, a leading source of cryptocurrency information. The crypto space’s many nuances present challenges in making knowledge decisions, such as the best coins and investments. We provide information to help you take full advantage of this cutting-edge industry.

Bitcoin Price Eyes $6.2K Amid Further Drop into Bear Territory

Bitcoin’s reversal of the recent uptrend in prices is gathering pace and a drop into a bearish territory below $6,200 is now a possibility, technical charts indicate.

The leading cryptocurrency found acceptance below the lower edge of the rising channel yesterday, invalidating the bullish price action witnessed earlier this week. Essentially, the rally from the Oct. 31 low of $6,201 has ended at a high of $6,540 reached on Nov. 7.

At press time, BTC is trading at $6,350 on Coinbase, having clocked a five-day low of $6,335 soon before press time, following a sudden $100 drop.

The negative follow through to yesterday’s bullish channel breakdown is an indication that the bears are likely feeling emboldened, having pulled down prices by 2.9 percent from weekly highs.

As a result, the support of the trendline from Oct. 11 lows could be breached in the next few hours, opening doors for a drop below the recent higher low of $6,200 (Oct. 31 low).

Hourly chart

As can be seen above, the cryptocurrency has established a bearish lower highs and lower lows pattern, validating yesterday’s bullish channel breakdown.

Further, prices seem to have found acceptance under the crucial 200-hour exponential moving average (EMA) support and the major EMAS – 50, 100 and 200 – are beginning to roll over in favor of the bears.

In particular, the 50-hour looks set to cross the 100-hour EMA from above, bolstering the already bearish technical setup.

The drop below the immediate support of $6,330 (61.8 percent Fibonacci retracement), however, is likely to happen after a minor bout of consolidation as the relative strength index (RSI) is reporting oversold conditions below 30.00.

Daily chart

Over on the daily chart, the symmetrical triangle breakout and a close above the critical 50-day EMA resistance witnessed earlier this week failed to produce significant price gains.

A failed breakout often ends up putting the bears back into the driver’s seat. Hence, a slide to $6,200 could be in the offing.

View

  • A combination of the failed breakout on the daily chart and the bearish setup on the hourly chart indicates that cryptocurrency could soon drop below $6,274 (trendline connecting the Oct. 11 low and Oct. 31 low + 76.4 percent Fibonacci retracement support) and drop below $6,200 (Oct. 31 low).
  • A UTC close below $6,200 would invalidate the higher lows pattern seen on the daily chart, shifting risk in favor of a drop to the psychological support of $6,000.
  • A bullish revival is seen only above the weekly high of $6,540.

Disclosure: The author holds no cryptocurrency assets at the time of writing.

Bitcoin image via CoinDesk archives; Charts by Trading View 

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Plasma Halted as Ethereum Seeks Alternative Scaling in zk-SNARKs

Ethereum’s Achilles heel has always been scaling. Since its inception, developers have been researching different ways to scale the blockchain in order to increase network capacity and speed.

Back in August 2017 Ethereum co-founder, Vitalik Buterin, released an initial draft of the Plasma project which provided an off-chain layer 2 scaling solution. By spawning child-chains the work is carried out off the root chain which will alleviate the pressures on it under heavy load (think back to CryptoKitties).

Plasma Problems Preventing Progress

Developers have already built five different versions of the protocol but have run into various problems and the system has not been functioning as expected. Each new iteration of Plasma has created a new set of problems and cross version compatibility issues. Implementation of Plasma, along with other scaling solutions such as sharding has been slow, complicated and somewhat unpredictable. Plasma needs what is known as an ‘exit’ for funds to be recorded back on the root blockchain and this requires some highly complex mathematics to function.

Researchers and developers are now turning towards an alternative scaling solution, one pioneered by privacy-centric crypto currency Zcash (ZEC). The use of zk-SNARKs (zero knowledge Succinct Non-Interactive Argument of Knowledge) is a method of cryptographically proving knowledge of something without revealing what that something is. An example would be proving that you have enough Ethereum to make a transaction without revealing exactly how much ETH you actually have.

At the recent Devcon4 Buterin proposed using zk-SNARKs which would enable the proof of knowledge that entire batches of transactions are correct. This would enable the network to process more transactions in batches than individually thus increasing its speed. Buterin said that the network could achieve 500 transactions per second in the near future. Ethereum currently supports about 15 transactions per second.

This would work in the short term while developers focus on the longer term solution known as Serenity, Shasper, or Ethereum 2.0, though this is still likely to be a couple of years away. Prediction platform Gnosis is already exploring the use of zk-SNARKs to power a decentralized exchange using ‘snapps’ or ‘snark dapps’. Gnosis CTO, Stefan George, said that this approach has the potential to be more decentralized than Plasma, is far less complicated, and is ready for deployment in the near future.

There is some overlap in the two technologies as zk-SNARKs could be used to make Plasma more private; however, this is also a few years down the line. Currently it seems that Ethereum’s short term scaling solution will come in the form of zk-SNARKs as Plasma gets sidelined for the time being.

 

Image from Shutterstock

Thailand to Legitimize First ICO ‘Portal’ via New Regulation, Says SEC Head

Thailand’s securities regulator will clear “at least one” Initial Coin Offering (ICO) “portal” to operate legally in November, local daily news outlet Bangkok Post reported Nov. 8.

Speaking to the publication, Rapee Sucharitakul, secretary general of the Thai Securities and Exchange Commission (SEC) said that ICOs themselves could also start seeing official approval to serve Thai markets as soon as December.

“At least one ICO portal will be certified in November, then we can approve each ICO offering, which might start in December,” he said.

The confirmation marks the closing stages of Thailand’s final push to formalize cryptocurrency markets, which began with the issuance of a royal decree in May.

Governing all forms of cryptocurrency entities from ICOs to exchanges and broader “digital asset operators,” the legislation demands the SEC vet those wishing to operate in Thailand.

Rapee added a further five such “operators” were currently under consideration by the Finance Ministry.

During the application process, all will continue to operate as normal, Bangkok Post notes, having submitted their original applications within a specified 90-day cooling-off period following the issuance of the May decree.

Once the certification process is in place, however, Rapee signalled that the SEC would remain risk-averse to market entrants.

“We have always warned investors against being persuaded to invest in ICO offerings because they could be scams or they might not have sufficient liquidity to trade,” he added, continuing warnings made last month.

Speaking at the Counter-Terrorism Financing Summit this week, Thailand’s Deputy Prime Minister urged that additional measures be introduced both domestically and internationally to the pending regulatory framework, in order to keep up with new tactics and threats to consumer security.

Earlier this week, on Nov. 5, the country’s Revenue Department revealed plans to use blockchain and maсhine learning to verify the validity of taxes paid and to speed up the tax refund process.