Schlagwort: crypto business

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Bybit partners trading solutions provider Actant

Crypto exchange Bybit is partnering with Actant, a trading solutions provider that provides services to clients such as investment banks and hedge funds, to offer the best first-in-class trading tools to both institutional and retail traders.

The collaboration, which targets professional traders, sees Bybit fully integrated with the Actant platform. It means Actant can now provide its full range of trading tools to Bybit, including risk management, automation, and quoting.

“I’m confident this partnership will benefit both our institutional and retail clients,” Ben Zhou, a co-founder and CEO of Bybit said in a press release.

Following the partnership, Actant users can now also trade and clear on the Bybit exchange..

“Actant, as an industry leader, is a natural fit for Bybit, and we are excited to combine their institutional-grade tools with our deep liquidity and ultra-fast 100K TPS matching engine. This partnership will allow users of both our platforms to benefit from the exponential growth of the crypto derivatives market, and strengthen both parties’ positions as market leaders,” he added.

Bybit, one of the leading cryptocurrency exchanges in the world, was established in March 2018. The company’s growth over the last few two years has seen it strike major partnerships, including Formula One team Oracle Red Bull Racing, and German soccer giants Borussia Dortmund.

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Bitcoin climbs above $22k as total crypto market cap tops $1 trillion

The cryptocurrency market has performed excellently over the weekend as the bulls take control of the broader market.

The cryptocurrency market has performed excellently over the past 24 hours, adding more than 5% to its total market cap. Thanks to this latest development, the total cryptocurrency market cap now stands above $1 trillion for the first time in more than a month. 

Bitcoin, the world’s leading cryptocurrency by market cap, has struggled in recent weeks. However, the cryptocurrency performed excellently over the weekend, adding more than 4% to its value in the last 24 hours.

At press time, Bitcoin is trading above the $22k resistance level and looks to surge higher over the next few hours. Breaking past the $23k psychological level could ensure that Bitcoin rallies higher over the next few days.

There are no major catalysts behind the general market rally, with most of the coins and tokens currently trading in the green zone. 

Key levels to watch

The BTC/USD 4-hour chart is bullish as Bitcoin has been performing excellent over the past few days. The technical indicators show that Bitcoin could rally higher before the end of the day.

The MACD line is above the neutral zone, indicating bullish momentum. The MACD line crossed into the positive zone a few days ago. 

The 14-day relative strength index of 73 shows that Bitcoin could soon enter the overbought region.

If the bulls remain in control, Bitcoin could surge past the $23,200 resistance level before the end of the day. In the event of extended bullish performance, BTC could attempt to reach the $24k resistance level over the coming hours or days.

However, the bear market is still in play, and Bitcoin could retrace some of its gains over the next few hours. If that happens, BTC could drop below the $21,247 support level. 

However, Bitcoin should comfortably defend its position above the $20,895 support level in the short term. 

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Ripple co-founder dumps the last of his 9 billion XRP

The Ripple co-founder has regularly sold off his XRP holdings for eight years, starting in 2014.

Ripple co-founder Jed McCaleb, who left the company in 2014 with a huge 9 billion XRP package as part of the settlement for severing ties, has sold the last of that haul.

On Sunday, McCaleb finally sold the remaining 1.1 million XRP to bring to an end an eight-year sell-off, data on the XRP Scan shows.

Per the blockchain explorer, the former Ripple execs’ wallet address dubbed “tacostand” made the last of the regular transfers at 6:31 UTC. The sale netted the Stellar (XLM) co-founder $394,742 based on the XRP/USD price at the time.

The tacostand wallet has a balance of 47.69 XRP.

XRP price

McCaleb’s last XRP dump comes as the crypto market sees some relief bounce, although overall sentiment remains largely negative after a debilitating crypto winter. This past weekend however saw a positive bounce for crypto, with hitting weekly gains of nearly 12%.

At the time of writing, XRP/USD is poised at 0.36, up 3% in the past 24 hours.

However, while XRP is trading nearly 13% up in the past one month, it’s down by more than 37% over the past year. The bear market has also seen the cryptocurrency’s value fall almost 90% since its all-time high of $3.40 reached in January 2018.

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Coinbase secures approval from financial regulators in Italy

Coinbase can keep serving Italian customers after securing approval from Italian financial regulators, CoinDesk reported. The San Francisco-based exchange wrote on its website that the Organismo Agenti e Mediatori (OAM) had included a new requirement. 

All custodians or crypto exchanges had to fulfill the criteria if they wanted to continue offering services in Italy. Coinbase Vice President of International and Business Development Nana Murugesan commented: 

It’s critical to build a constructive relationship with regulators in every region where we operate. Obtaining this regulatory approval is proof of our cooperation and positive working relationship with the Italian financial regulators.

Growing presence across the Atlantic 

Coinbase has customers throughout Europe through dedicated hubs in Germany, the UK, and Ireland. The biggest US crypto exchange is in the process of augmenting its presence across Europe.

It has license applications or registrations in progress in a number of leading markets in compliance with local regulations. Its goal is to attract more customers in each of these markets by launching the Coinbase suite of the ecosystem, institutional, and retail products. 

Binance also obtained OAM approval 

Binance also obtained regulatory approval in Italy last month. Its CEO Changpeng Zhao said in a statement at the time:

Clear and effective regulation is key to the broad market adoption of crypto. We thank the OAM and the Ministry of Economy and Finance for their efforts in defining the requirements to do business transparently in Italy.

Binance had been banned in Italy

Less than a year ago, financial watchdog CONSOB termed Binance unauthorized. The world’s biggest exchange was also banned from offering Italian citizens derivatives. 

A few weeks ago, Binance obtained licenses in Dubai and Bahrain and secured regulatory approval in France. 

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Monaco-based luxury yacht company, Yachtzoo, accepts Shiba Inu payments

The list of real-world use cases for Shiba Inu keeps growing with the latest acceptance by Yachtzoo, a Monaco-based luxury brokerage company, as a mode of payment.

The luxury yacht brokerage company in a blog published on its website has said that it has started accepting crypto payments through BitPay, a pioneer of blockchain payments.

BitPay has been one of the leading enablers for Shiba Inu payments and has immensely contributed to the widespread adoption of Shiba Inu and other cryptocurrencies.

Buying luxury boats using Shiba Inu (SHIB)

Yachtzoo partnered with BitPay to enable crypto payments in general and Shiba Inu is one of the prominent cryptocurrencies that BitPay allows for use for transactions. The other prominent cryptocurrencies that boat lovers could use to purchase luxury boats through BitPay include Bitcoin (BTC), Dogecoin (DOGE), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH).

In the published blog, Yachtzoo says:

“Our partnership with BitPay offers a host of benefits to our clients, ensuring all payments are secure and efficient. Unlike the high cost of credit cards that charge 3% transaction fee, BitPay charges 1% to approve the transaction and settlement. Additionally, BitPay offers the best bid exchange rates. When our clients buy and charter a yacht with cryptocurrency through BitPay, they can rest assured that their transactions are not just fast but are also safe. As BitPay is built around bitcoin, transactions are secure from identity theft and chargeback fraud.”

Yachtzoo was founded in 2017 in Monaco and is a leading yacht brokerage company. It has developed yachting hubs worldwide andy has offices in London, Monte Carlo, Buenos Aires, Fort Lauderdale, and Yokohama.

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