Latest Market News
While there exist services that can, to a certain extent, obfuscate someone’s activity on the Bitcoin network, it has become apparent that Bitcoin is not very suitable for users who highly value privacy and anonymity. For this reason, several privacy-focused cryptocurrencies have emerged over the years, leveraging innovative technologies.
The U.S. Commodity Futures Trading Commission (CFTC) is seeking feedback on the Ethereum network and its native asset, ETH.
Cryptocurrency exchange operator Kraken values itself at $4 billion, according to an e-mail the company sent to select clients. Even though Kraken says it is profitable, the company is looking to fill its “war chest” by offering to sell equity in the company to a small number of potential investors. The minimum investment is $100,000, and investors have until December 16 to apply.
Nikkei reports that prosecutors in a court case against former Mt.Gox CEO Mark Karpelès have proposed a 10 year prison sentence for allegedly embezzling 340 million yen (around $3 million) from the exchange’s clients.
The Gemini cryptocurrency exchange, which was founded by Bitcoin investing duo Cameron and Tyler Winklevoss, has released its mobile application. The app is available for iOS and Android devices, and can be used in the same geographical areas as Gemini’s other services.
The next major Ethereum upgrade, Constantinople, was originally scheduled for November 2018, but complications arose when the software was being tested on the Ropsten Ethereum testnet. Ethereum’s developer community did not want to rush the release and advocated for a cautious approach - the launch was postponed to early 2019.
After receiving approval from the New York State Department of Financial Services, the Gemini cryptocurrency exchange has listed Bitcoin Cash. BCH joins BTC, ETH, LTC and ZEC as the other cryptocurrencies available on Gemini - BCH will have trading pairs with all of the available coins.
As the market continues to go through a prolonged bear run, a good number of projects continue to develop their platforms and the following week’s projects are set to benefit from a number of upgrades and developments that should result in an increased amount of attention and community engagement, and help to strengthen their position during the current downturn.
U.S. cryptocurrency broker and exchange broker Coinbase has published a list of 31 digital assets they are exploring for a potential listing on their platform. While the list also includes smaller cryptocurrencies such as POE ($12M market cap) and DNT ($6.5M market cap), it also includes larger coins like XRP and EOS.
The U.S. Securities and Exchange Commission is a federal agency of the U.S. government and is the country’s chief regulator of securities and stock and options exchanges. With the emergence of the cryptocurrency and ICO space, the agency has had to find a balance between allowing for innovation and stopping fraudulent or otherwise unlawful activities.
