Cryptocurrency Analysis and News Portal
The Winklevoss’ Gemini Exchange has launched an insurance company to cover up to $200 million for Gemini Custody — reportedly the largest amount for any crypto custody service in the world.Head of risk at Gemini Yusuf Hussain shared the news with CryptoX on Jan. 16. The captive insurance company
Read MoreThe total crypto market cap added $20 billion to its value since the morning of Monday, January 13 and now stands at $236.5 billion. Top ten coins showed mixed results for the last 24 hours with Bitcoin SV (BSV) losing 13.7 percent of its value while Cardano (ADA) moved up
Read MoreGemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has created its own insurance company to protect clients against the potential loss of coins from its offline vaults – with a possibly record-breaking $200 million coverage limit.Announced Thursday, the new “captive” will provide insurance for customers of Gemini Custody,
Read MoreLiquid Exchange has canceled the sale of Telegram Open Network’s (TON) Gram tokens, according to a Jan. 10 company post. The exchange returned the funds of all investors who participated in the unofficial sale.The exchange reportedly canceled the sale due to the delay in the launch of TON’s mainnet.
Read MoreU.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as
Read MoreThe bitcoin market is telling a tale of bullish exhaustion with indecisive price action following a rise to the highest point since November. The top cryptocurrency witnessed two-way business on Wednesday. Prices rose from lows near $8,550 seen during the Asian trading hours to a two-month high of $8,903, only to end
Read MoreJapan-based Liquid exchange has cancelled its sale of Telegram's not-yet-launched gram tokens. Originally announced last June, the limited sale of tokens sourced from Gram Asia – said to be one of the biggest investors in Telegram's $1.7 billion ICO – took place in July.However, the tokens were not to be
Read MoreThe bitcoin price rose to as high as $8,916 across major cryptocurrency exchanges like BitMEX and Binance on January 15. Since then, BTC fell by three percent in a typical short-term top formation.Lower time frames indicate a double top structure, which normally suggests that the asset tried to break above
Read MoreSouth Korea-based exchange Bithumb is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions.Confirmed by the company in December, National Tax Service (NTS) based its demand on the rate for miscellaneous income. The tax is calculated at an annualized rate
Read MoreThere is a class action lawsuit filed against Ripple in 2018 by investors who are alleging that XRP is a security. Even if the suit is dismissed, it is unlikely to have any major effect on the cryptocurrency.Why it won’t affect XRP in a large wayRipple the company has long
Read More