Connect with us
  • Home
  • Start here
  • Bitcoin Charts & More
  • Submit PR
  • Advertisement
  • Contact
CLOSE

Bitcoin News

Huobi Acquires A Stake In The (Licensed) BitTrade Exchange

Published

on

One of the major cryptocurrency exchanges, Huobi, recently acquired a stake in the Japan-based BitTrade in an attempt to scale the trading platform and give it greater global recognition.

Huobi was originally founded in China in 2013 and has grown beyond borders over the years – serving customers in nations like Hong Kong, Japan, Korea and the United States. It also ranks among the top five cryptocurrency exchanges in the world that have an accumulated trading volume of over $1 trillion since its foundation – and a token trading that is above $1.50 as listed on CoinMarketCap.

After some reports claimed that Huobi was expanding into the European market by opening an office in London, BitTrade also boasts of creating its own reputation in the cryptocurrency marketplace. Right now, it is among the 16 licensed cryptocurrency exchanges in Japan that comes together to form a self-regulatory body, shortly after the infamous $530 million Coincheck theft that occurred earlier this year.

The Board Secretary and Chief Financial Officer for Huobi, Chris Lee, noted that his company will leverage the capabilities and international network of the owner of BitTrade, Eric Cheng. As he commented:

“We strongly believe in the synergies we can create through continued investment into R&D, and compliance, backed by our world class security and local operations teams across the globe. Leveraging on BitTrade’s leadership team and its Japanese government-approved license, this is just the beginning as we look to grow BitTrade into the most dominant player in the Japanese cryptocurrency market”

Meanwhile, BitTrade’s Eric Cheng is popular for his experience in international investments and cryptocurrency entrepreneurship – as well as his expertise in sourcing high-quality digital assets and investments.

This partnership will certainly allow Huobi to scale significantly and expand into new markets.

 

Share This With Your Friends

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Continue Reading
Comments
Advertisement

Bitcoin News

New York Stock Exchange (NYSE) Delays The Bakkt Bitcoin Futures Launch To 2019

The owner of the New York Stock Exchange (NYSE) which is the Intercontinental Exchange (ICE), has recently announced that it would delay the launch of the much-anticipated Bitcoin futures product until January 24th, 2019. The announcement is everywhere in the Bitcoin news section. The product, which is the Bakkt Bitcoin (USD) Daily Futures Contract, had been scheduled to go live on December 12th this year. More importantly, it was meant to provide US investors with their first opportunity to trade a physically-settled crypto futures product on a respected and regulated mainstream exchange. According to ICE, the delay would afford the firm additional time to onboard customers before it begins warehousing BTC and before the launch of the futures market accordingly. As the official announcement reads:
“ICE Futures U.S., Inc. will list the new Bakkt Bitcoin (USD) Daily Futures Contract for trading on trade date Thursday, January 24, 2019, subject to regulatory approval. The new listing timeframe will provide additional time for customer and clearing member onboarding prior to the start of trading and warehousing of the new contract.”
According to analysts, there are speculations that Bakkt's scheduled December launch could help and catalyze a new year-end crypto market rally - with bulls such as Tom Lee predicting that the price of Bitcoin can ascend to as high as $15,000 before 2018 ends.
`
Continue Reading

Bitcoin News

Funny Or Not, Tom Lee Lowers His Year-End Bitcoin Price Target To $15,000

The co-founder of Fundstrat, Tom Lee, is in the latest Bitcoin news - again for his (quite unusual) price predictions about the price of the largest cryptocurrency by market cap. According to Lee, the Bitcoin price target of $15,000 is still possible. Lee's new prediction is a dramatic drop from his bullish $25,000 price target from early 2018, when the crypto market seemed poised for a major explosion. As he told CNBC on November 20th:
“Global markets have seen liquidity dry up, and bitcoin is not necessarily a value asset — so as growth stocks, tech, and FAANG come under pressure, it’s going to hurt bitcoin. The downturn in FAANG is hurting those owning bitcoin.”
Despite the killer downward trend that Bitcoin is facing right now, Lee remains bullish about crypto and believes that we are merely undergoing an "awkward transition." As he stated, crypto still has a bright long-term future ahead and there is no doubt that institutional investors will start coming around. https://twitter.com/CNBC/status/1064925085641965568 "“The next wave of adoption is institutional,” Lee said. “There is a crossover happening. This is just an awkward transition.” He also said that institutional investors will start making giant leaps into crypto. As he revealed:
“Institutional backing will come soon. You will get it partly through infrastructure, like Bakkt, which is launching soon. Part of it is going to come through regulatory clarity.”
Tom Lee concluded by saying that the regulatory scrutiny of crypto scams would benefit the industry by easing consumer and institutional anxiety about the burgeoning industry.
“Digital assets are going to be relevant in a world where growth is increasingly digital,” Lee said. “So bitcoin is a real bet on [the future].”
`
Continue Reading

Bitcoin News

Early 2017 Crypto Investors Are Rapidly Starting To Sell Bitcoin

The CEO of a major crypto trading company Michael Moro reaches today’s crypto news for his opinion that early crypto investors that bought bitcoin in 2017 for the price of $1,000 are not starting to sell massively. While speaking to The Block, Moro who provides investors access to block size liquidity in order to buy and sell cryptocurrencies explained that the large investors are now moving their funds for the first time now since bitcoin was just $1,000. He said:
 “We are seeing the folks who bought in early 2017 sell for the first time today.’’
He added that the majority of the Bitcoin early investors that purchased Bitcoin in the first quarter of 2017 now believe that they are seeing zero return on their investment. As of today, November 20, the price of Bitcoin reached a new low again for a second time this week going down under the $4,753. CryptoDog, a technical analyst explained the current bitcoin drop:
 “The bears aren’t even pushing, BTC is just free-falling. Very weak dump, imagine what it looks like when the volume comes in. A short-term reversal could happen at any moment – shorting with high leverage is a terrible idea. However, if you are trying to knife catch, be patient. No one should be in a rush to long this.’’
Despite the drop, BTC’s volume increased to $8 billion which as a more than 60 percent increase while expecting BTC to establish a bottom trend at $4 billion. This is one of the reasons why the investors who bought BTC at $1,000 are considering selling a huge part of their holdings fearing that another drop might be happening in the next few days.
`
Continue Reading

Altcoin News

Bitcoin Takes A New Beating, Goes Below $4,500 As Market Loses $25 Billion

It seems like the downward trend for Bitcoin is continuing day after day. This Tuesday, the market just wiped out another $25 billion in a new major sell-off that is viral in our crypto news section. Over the past 24 hours, Bitcoin has lost about 14% of its price, while Ethereum lost 14.5%. Bitcoin Cash was the biggest loser again, losing 45% from its value and Stellar (XLM) followed with 10% losses accordingly. As expected, Bitcoin Cash dropped the most because of its hard fork and the quick sell-off that it triggered over the past few days. The newly produced versions of Bitcoin Cash (BCH), Bitcoin Cash SV (BCHSV) and Bitcoin Cash ABC (BCHABC) also suffered losses. While BCHSV fell from $170 to $60 in a three day span, BCHABC fell from around $450 to $270, almost splitting in half. The current market conditions are quite gray - mostly because of the intensity of the drops over the last 24 to 48 hours. A couple of days ago, Bitcoin was trading near $7,000 and today we are noticing a downward trend that may lead the most dominant cryptocurrency even below the $4,000 support line - if this bearish trend continues. A sell pressure on the other altcoins could also intensify in the days to come - pushing BTC, ETH, XRP and BCH to even lower limits by the end of this year.
`
Continue Reading

Newsletter

For Updates & Exclusive Offers
enter your email below








ADVERTISEMENT

Join us on Facebook

Recent Posts



UPCOMING EVENTS RECOMMEND BY DC FORECASTS

december

03dec(dec 3)8:00 am04(dec 4)6:00 pmDigital Currency Con8:00 am - 6:00 pm (4) Sheraton New Orleans Hotel, 500 Canal Street, New Orleans, Louisiana 70130 USA

wed05dec9:30 am5:30 pmDigital Asset Investment ForumExploring the Emerging Asset Class​.9:30 am - 5:30 pm The St. Regis Washington, D.C, 923 16th and K Streets, N.W., Washington, District Of Columbia 20006 USA

06dec(dec 6)8:00 am07(dec 7)4:00 pmCryptocurrency World Expo London Summit8:00 am - 4:00 pm (7) CINEWORLD CINEMA - GREENWICH, The O2, Peninsula Square, London SE10 0DX

thu06dec10:00 am6:00 pmBlockchain Conference Philippines10:00 am - 6:00 pm HOLIDAY INN HOTEL & SUITES MAKATI, Glorietta Mall, Palm Drive, Ayala Center, Makati, 1224 Metro Manila, Philippines

tue11dec8:00 am6:00 pmAtlanta Blockchain ExperienceA Unique, Kick-Off Event Focused on Blockchain Adoption, Use Cases, and Building Your Network!8:00 am - 6:00 pm The Monday Night Brewing GARAGE, Atlanta, GA

NEWS CATEGORIES



Trending Worldwide

X
X