Thai Ministry of Finance Gives Digital Asset Business Licenses to Four Firms

The Thai Ministry of Finance has issued digital asset business licenses to four crypto-related firms, according to a notice published by the country’s Securities and Exchange Commission (SEC) Jan. 8. According to the announcement, the licenses were issued by the finance ministry “under the recommendation of the SEC Board.” The four companies that received a license are digital asset exchanges Bitcoin Exchange Co., Ltd., Bitkub Online Co., Ltd., and Satang Corporation, and cryptocurrency brokerage firm Coins TH Co., Ltd. Another application to operate a digital assets exchange — filed by…

From Bitcoin to Brexit, Here’s What Investors Need to Watch for in 2019

Is it possible that the US Federal Reserve’s decision to tighten its balance sheet contributed to bitcoin and the wider cryptocurrency market losing steam in 2018? If so, what should crypto investors expect from the independently-run central bank in the future? Mati Greenspan, the senior market analyst at trading platform eToro, explored these and other questions in a wide-ranging webinar session on Tuesday. Fed’s Balance Sheet Reduction May Have Shaken Bitcoin Speaking on how even diverse asset classes can show correlation, Greenspan said that the Fed’s ongoing quantitative tightening program…

$4000, Doji, Bearish Pennant, and EMA Resistance

The break above $4,000 has not really changed the interim bias of the bitcoin market. The cryptocurrency on Wednesday remained largely unchanged on its 24-hour adjusted timeframe. The news of a possibly peaceful end to the ongoing US-China trade talks allowed global markets to establish their fresh intraday highs. Investors, meanwhile, focused less on their bitcoin portfolios after finding more opportunities in the Dow Jones, Nasdaq and S&P 500 markets. The silence in the bitcoin market also alarmed bulls of their fading dominance after an impressive rally this week. The BTC/USD…

Qtum Completes First Atomic Swap With Bitcoin on Mainnet

Qtum, a blockchain platform that merges the strength of Bitcoin’s blockchain with the Ethereum Virtual Machine to build decentralized applications, has completed its first atomic swap with Bitcoin on mainnet. This is a big, first step for atomic swaps, a feature that allows for on-chain exchanges, or transactions, between cryptocurrencies on two separate blockchains without the need to rely on a third party. For Bitcoin, this is a big step forward in allowing interoperability between other blockchains and itself in a trustless manner. Atomic swaps are not an entirely new…

Financial Data Co. FactSet Sues Blockchain Terminal Affiliate

United States financial research company FactSet has filed a lawsuit against a company affiliated with professional trading service Blockchain Terminal (BCT), according to documents published by the Supreme Court for the State of New York County, Jan. 3. As stated in the lawsuit, in January, 2018, FactSet and the defendant — CG Blockchain — entered into an agreement to develop an interfacing application between the two firms’ products. FactSet also granted a license to CG to use its products. According to the documents, CG had agreed to pay a minimum…

Bullish Sentiment for Bitcoin Is at a 5-Month High

The ratio of long-to-short positions placed on bitcoin (BTC) has reached its highest level in over five months on cryptocurrency exchange Bitfinex. At press time, the BTC long positions placed on the exchange total 33,750 units, worth $137.3 million at current market prices, whereas the number of short positions is roughly 11,000 units less at just 22,787 – now worth just under $93 million. This creates the long-to-short ratio of nearly 1.5:1 – its highest since August 6th of last year. Bitcoin longs and shorts (Bitfinex) The drop in short…

Crypto Platform Tron Hires Former SEC Attorney as First Chief of Compliance

Blockchain platform TRON has hired a former United States Securities and Exchange Commission (SEC) supervisory attorney as its first chief compliance officer. The company has revealed this to Cointelegraph in a press release on Jan. 9. David Labhart, who previously worked as an attorney for the U.S. regulator, will also take on the role of co-general counsel at the company. TRON, along with its associated TRX token, has built a major presence over the past year, in part due to the continued, and at times controversial, publicity efforts centred around…

TRX $800 million Away from the Top 4

Tron Price add to their gains, surge 44 percent from last Wednesday Questions linger on whether proof of work alternatives truly embody blockchain principles Transaction volumes on the rise, daily printouts exceed recent averages TRX is back to the top 10 and is a top performer adding 44 percent in the last week. With trend and pattern defined, traders should aim at 4 cents in the near term. Tron Price Analysis Overview Tron is on an uptrend, posting impressive gains and short $800 million from the top 4. It’s up…

BTC Ranging, Russia’s Grand Plans

Bitcoin Price is ranging inside Jan 6 high low Russia may convert their USD Reserves to BTC to bypass sanctions Trading volumes are low Technically, BTC is bearish from a top-down approach but bullish in the short term. We expect ecstatic buys if bulls drive prices above $4,500 and, in that case, first targets will be at $6,000. Bitcoin Price Analysis Overview At the time of press, BTC is up 5.3 percent against the USD in the last seven days. Nonetheless, we are net bullish and expect prices to recover…