Crypto Coin Search

The Hashpalette token sale on Coincheck is set to become Japan’s maiden initial exchange offering event. Coincheck’s goal of conducting the first-ever initial exchange offering in Japan is moving closer to becoming a reality. According to a release issued on Monday, the Japanese crypto exchange announced that the Hashpalette (HPT) initial exchange offering will take place in the summer. IEOs are a modified form of initial coin offering, where a crypto exchange platform acts as an intermediary between token issuers and investors. Coincheck partnered with Hashpalette back in August 2020, with plans for HPT to become the first IEO-issued utility token in the Japanese crypto market. At the time, the plan was coming on the heels of newly passed cryptocurrency laws in Japan , creating a clear-cut legal framework for token sale events among other market segments. IEOs have also been the subject of regulatory uncertainty , especially concerning whether IEO tokens qualify as securities....

Ripple’s legal battle with U.S. regulators continues. Ripple has scored another win in its ongoing legal battle against the United States Securities and Exchange Commission as the court has denied the SEC access to Ripple’s legal advice. Magistrate Judge Sarah Netburn of the District Court for the Southern District of New York ruled Sunday to deny the SEC’s motion to compel Ripple to produce memos discussing  XRP  sales with the firm’s lawyers. According to the SEC, Ripple could have been aware that XRP could be a security from its legal advisors before moving forward with its token sale back in 2013. The SEC filed a motion on May 7 to compel Ripple to produce all communications discussing any legal advice Ripple sought or received as to whether its offers and sales of XRP would be subject to federal securities laws. In the latest ruling, Netburn referred to the attorney-client privilege that is meant to “encourage full and frank communication between attorneys and thei...

As the crypto market continues to ride rough waves, we at NewsBTC decided to throw some questions at OKEx ’ team to get a better understanding of how they view these developments and the impact on their own operations. In a first, the OKEx team got together to paint a clear picture by providing detailed, in-depth responses to our questions. The representatives who participated in the interview include Robbie Liu – Market Analyst at OKEx, Hunain Naseer – Senior Editor at OKEx Insights, Richard Delany – Senior Analyst at OKEx, and   Jay Hao , the CEO himself. Read the interview below. NewsBTC: Bitcoin has been performing really well for the past few months, and yet experienced a sudden downturn in a matter of hours. What changed? Robbie Liu, Market Analyst: While the major drop happened in a matter of hours, BTC had lately stalled in terms of price action, failing to conclusively breach and stay above $60,000 for about 10 weeks. This persistent resistance had already put pressur...

Chinese "crypto dad" and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government. China’s digital yuan will utilize smart contracts, and will be built to counter Alipay-like payment platforms designed by the privately owned conglomerates, former People’s Bank of China director Yao Qian said. Speaking at the International Finance Forum in Beijing, Qian argued that simply simulating its physical counterpart would not be enough for the digital yuan to succeed. To fully benefit from being digital, it will move toward the "smart currency" by making use of smart contracts, he added according to local sources. Central banks need to innovate the legal fiat money to keep up with the tides of digitalization, he said. Qian then listed the European Central Bank, Bank of Japan, and the central bank of Canada as examples of how to work on smart contract-based digital currencies. Qian reportedly said that China’s initial idea of a digita...

Cryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director. Ireland’s central bank director general for financial conduct is the latest official to point out issues of Bitcoin ( BTC ) and the cryptocurrency industry following a major market sell-off. The growing popularity of cryptocurrencies like Bitcoin is “of great concern,” the Central Bank of Ireland’s Derville Rowland warned, Bloomberg reports Monday. “Crypto assets are quite a speculative, unregulated investment,” and investors should be “really aware they could lose the whole of that investment,” Rowland stated after crypto markets shed nearly $1 trillion in a matter of days in one of the biggest historic crypto sell-offs . Rowland’s perspective on the crypto is set to contribute to the global regulation of the space as the official will take over as chairwoman of the European Securities and Markets Authority’s investment management standing committ...

Strong hands are hodling stronger than ever as May 2021 lines up to be the worst May ever for Bitcoin. Bitcoin ( BTC ) starts a new week bearish or as a firm “buy” depending on the source — what happens next? After a week of uninspiring price performance, the largest cryptocurrency is still stuck in the lower $30,000 range. With inflation worrying traditional markets and summer months traditionally good for bulls, there may yet be cause for celebration. In Bitcoin, anything can happen, however, and surprises swing both ways. Cointelegraph Markets takes a look at five factors to consider when charting where BTC/USD might head next. Inflation spooks macro mood It’s a quiet day for stocks and commodities thanks to holidays in the United States, United Kingdom and elsewhere in the West. That said, Asian markets are mostly stable anyway, as traders gear up for the beginning of the traditionally slower summer period. Zooming out, however, and the picture gets decidedly less steady....

Ethereum failed to continue above $2,500 and started a fresh decline against the US Dollar. ETH price is showing bearish signs and it could continue lower below $2,240. Ethereum is struggling to gain bullish momentum above the $2,400 and $2,500 levels. The price is now trading well below $2,450 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,410 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if it breaks the $2,200 support zone in the near term. Ethereum Price Is Showing Bearish Signs Ethereum started a decent recovery from the $2,200 support zone. ETH climbed above the $2,300 and $2,350 resistance levels. However, the bulls failed to gain strength for a push above $2,450 and the 100 hourly simple moving average . The price started a fresh decline and traded below the $2,400 level. It broke the 50% Fib retracement level of the upward move from the $2,200 swing low to $2,481 high...