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 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。


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。”

















发文时比特币现金(BCH)的价格是:¥ 4132.45




作者:Jeffrey Gogo

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 and do not constitute financial advice. Always do your own research.          

French Crypto Traders Might Benefit from Lower Tax

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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.


  • 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.