HomeCryptocurrencyDaily RecapDaily Crypto Roundup 11/29/2018

Daily Crypto Roundup 11/29/2018

Crypto

Bitcoin maintained slight positivity today as additional Fidelity crypto trading news hit the headlines. Coinbase Pro also added Zcash, AriseBank’s CEO was indicted, and NYSE chairman Sprecher expressed bullish feelings on the future of crypto. Catch up on the details.

Bitcoin Price Update: Where To Next?

Bitcoin’s price action over the past few weeks has been overwhelmingly bearish. However, that past day or so has provided slight relief for the bulls.

Bullish news also arrived in the form of a Nasdaq/VanEck partnership for Bitcoin futures trading, Amazon blockchain incorporation, and IBM/CLS launching their blockchain-based payment system.

Although according to speculative charting, future price action for Bitcoin is uncertain.

Read on Crypto Insider

Fidelity Looking To Expand Digital Asset Trading Beyond Bitcoin And Ether

Fidelity’s Investment Inc.’s crypto operation plans to add several crypto assets, according to an announcement today.

Their sights are set on adding 5-7 of the top market cap crypto assets for trading.

Fidelity Digital Assets brass Tom Jessop stated -“I think there is demand for the next four or five in rank of market cap order. So we will be looking at that”, according to a CoinDesk report today.

Just this October saw Fidelity stating its plans to open Fidelity Digital Asset Services, with custodianship and trading for Bitcoin and Ethereum.

Read on CoinDesk

Coinbase Adds Privacy-Centric Crypto Zcash To Pro Trading Exchange

Popular exchange Coinbase Pro announced today the addition of Zcash, a privacy-focused cryptocurrency.

“At 10am PT on Thursday, November 29, we will begin accepting inbound transfers of Zcash (ZEC) on Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling trading”, according to an announcement from Coinbase’s blog.

Trading will commence after enough liquidity is available.

Read on CoinDesk 

FBI Arrests AriseBank CEO, Indicted For Fraud Of Over $4 Million

The FBI took AriseBank’s CEO into custody yesterday for allegedly swindling $4 million from investors.

AriseBank stated itself to be a crypto bank. The supposed crypto bank received an Emergency Cease and Desist Order back in January, according to evidence showing they were not really a bank.

SEC authorities in Texas took civil action against CEO Jared Rice SR. back in February. He “was indicted on three counts of securities fraud and three counts of wire fraud for the same cryptocurrency scheme”, reported CoinTelegraph.

Rice also supposedly lied that AriseCoin received $600 million worth of investments for its ICO.

Read on CoinTelegraph

Bitcoin Will ‘Unequivocally’ Survive, Says NYSE Chairman

New York Stock Exchange Chairman Jeff Sprecher recently presented his thoughts on Bitcoin’s potential, as well as crypto on the whole.

According to a CNBC report, Sprecher was asked – “[w]ill digital assets survive?”. Sprecher responded by saying – “[t]he unequivocal answer is yes”.

Chief Economic Advisor for Allianz, Mohamed El-Erian, also spoke fondly on the future of cryptocurrencies, according to a yesterday’s report from Bitcoinist.

Read on Bitcoinist

 

 

Written by

BJ is a full time writer, editor, and trader in the cryptocurrency space. He has written many professional articles for numerous ICOs, news sites, and other interested parties in the crypto space. He is also a trader, staying up to date with the crypto markets constantly, and dabbling in traditional financial market trading occasionally.

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