HBUS, the operator of United States-based crypto exchange Huobi.com, is ceasing its operations. HBUS, the operator of United States-based crypto exchange Huobi.com, is ceasing its operations, according to a tweet posted on Dec. 9. San Francisco-based cryptocurrency trading platform HBUS said in the announcement: “We regret to inform you that HBUS will need to cease…
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After a lengthy period of consolidation, many cryptocurrencies appear to be setting up for a large move within the next few days. China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will…
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Bitcoin (BTC) price volatility is expected to decline next year, with the transition from a bear to a bull market seemingly over, while the cryptocurrency’s price is likely to continue grinding higher, according to a recent report released by Bloomberg Intelligence (BI). While bitcoin’s rapidly rising prices once went hand-in-hand with high volatility, “the Read…
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A limited debut of China’s long-touted central bank digital currency is set to begin in the city of Shenzhen by the end of 2019, according to a media report. China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim. According to local news outlet…
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This past week, bitcoin price started recovering above the USD 7,350 and USD 7,400 resistance levels. BTC/USD even spiked above USD 7,650, but it struggled to continue higher. However, the price failed to retain strength above USD 7,600. It is currently (09:00 UTC) consolidating above USD 7,400 and it might rise again. Similarly, many major…
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Major cryptocurrency exchange OKEx announced the upcoming launch of its Options Trading. This move comes ahead of CME’s Bitcoin (BTC) futures contracts, the testing of which started today. OKEx promised to launch options trading on December 27, offering both buy and write options. “Developed from the ground up, OKEx Options represents a complete upgrade to…
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After surging almost 36% in the past week, Tezos (XTZ), the best performing digital asset among the top 20 coins this week, is now ranked 11th by market capitalization (USD 1 billion), surpassing Tron (TRX) and Cardano (ADA). At pixel time (13:02 UTC), XTZ trades at c. USD 1.64 and is up by 7.5% in…
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South Korea’s government plans to tax capital gains returns on cryptocurrency transactions. The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will be drawn up by the country’s Ministry of Economy and Finance by the…
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Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27. Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27. In a press release on Dec. 9, the exchange said that the addition of options makes OKEx the “first crypto exchange to offer C2C, spot,…
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The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits. The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits. According to a press release shared with Cointelegraph on Dec. 9, the Kansai Electric Power Co Inc…
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