One Stop Cryptocurrency NewsCast For Today ?

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📮 20-11-2019

📈 MarketCap:                  $228 B

📊 24h Mcap %:                 -1.95%

⚠️ Bitcoin Dom:                 65.3%

📌 Active Coins:                2,489

📍 24h Vol %:                  -5.72%

💲24h Vol:                     $61 B

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1.  The Winklevoss twins’ Gemini exchange has made its first-ever acquisition by purchasing the Nifty Gateway platform, which enables users to buy and manage non-fungible tokens (NFTs). Nifty Gateway provides a simple and easy way to buy nifties with your credit or debit card. Founded by twin brothers Duncan Cock Foster and Griffin Cock Foster, the platform currently facilitates nifty purchases for some of today’s most popular crypto-games and applications, including CryptoKitties, OpenSea, and Gods Unchained.

2.  Bitcoin adoption on Wall Street is looking real as a $2.8 trillion financial giant wins a license to trade and custody it. Fidelity today announced that it has received permission from the New York State Department of Financial Services (NYDFS) to offer bitcoin trading and storage services. The move allows the giant to create and launch a digital currency platform that would specifically cater to institutional investors. They, as NYDFS noted, would be able to purchase, sell, store, and transfer bitcoin on Fidelity Digital Assets.

3.  Michael Novogratz’s Galaxy Digital Holding Ltd. is starting two Bitcoin funds for accredited and institutional investors. The 54-year-old billionaire is targeting “the wealth of America,” or people between 50 and 80 who may have stayed largely on the sidelines of cryptocurrency investing. Novogratz said he anticipates that traditional financial services companies will let users invest in Bitcoin in the next 12 months. He also said the new Bitcoin funds could attract investors currently buying gold.

4.  Singapore's central bank and financial regulator, the Monetary Authority of Singapore (MAS), has proposed bringing crypto derivatives trading under its purview. The MAS’ proposal would make the trading of derivatives based on underlying assets like Bitcoin (BTC) and Ether (ETH) subject to the city-state’s Securities and Futures Act. According to the MAS, plans to extend its remit to crypto derivatives have been spurred by interest from hedge funds and asset managers engaged in the sector.

5.  One of the biggest security breaches in the history of crypto occurred on June 19, 2011. The hacker was able to artificially tank the Bitcoin price to just $0.01 by creating a mammoth-sized ask order. Notably, these coins have been touched since 2011 (the year they were stolen). The richest whales have never touched all 79,956 coins that were infamously stolen from Mt. Gox. It was either a very disciplined holder or someone who lost access to their private keys.

6.  Bank of Japan (BoJ), the country’s central bank, is conducting research on digital currencies, according to an official. The Governor of Bank of Japan, Haruhiko Kurado, has said that the BoJ currently has no plans to issue a digital currency but can do so in the future if need be. The official is also not keen on stablecoins and believes that these should not be issued unless there is a sufficient framework in place to ensure governance and risk management.

7.  Binance exchange seems to be paving the way for its margin trading platform to reach its goal of 20x. The platform has elevated its maximum leverage of Binance margin trading to 5x, along with a leverage adjustment function. Users would be able to avail an increase in the maximum leverage up to 5x. Since the 3x was the previous maximum leverage on the Binance margin trading platform, an adjustment function has been enabled so that users could set their desired leverage between 3x and 5x.

8.  LocalEthereum, the peer-to-peer cryptocurrency exchange built specifically for Ethereum trading, is no more. The exchange is now known as LocalCryptos, and aims to become an “all-in-one crypto marketplace.” Adding support for Bitcoin as well as Ether (ETH), LocalCryptos will list some of the most popular Ethereum-based tokens over time. The announcement from the team read as, "LocalCryptos is the same platform as LocalEthereum, only with a new name, new features, and more cryptos.”

9.  BitMEX trader "Flood," who rose to prominence because of his accurate Bitcoin price calls, says that he is not appalled by the top coin's bearish price action. Notably, "Flood" predicted a bullish move days before the BTC price spiked by more than 30 percent on Oct. 25. This China-driven pump, however, almost completely evaporated less than one month after that. Considering that the halvening event is expected to take place in May, this is an unusually bearish setup.