Hardware wallet manufacturer Ledger has announced the latest version of its Ledger Live application, adding support for Tezos (XTZ) and Tezos staking. Unveiled last year, Ledger Live is a software solution that allows Ledger hardware wallet users the ability to manage their digital assets via a smartphone or computer. Ledger Live lets users check their cryptocurrency balance and send or receive tokens, while maintaining control of their private keys. Ledger CEO Pascal Gauthier told Cointelegraph: “Ledger aims to combine security with a seamless user experience. The announcement with Tezos is exactly part of this mission. Ledger Live makes it easy …

China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will go out of the central bank system and enter real service scenarios such as transportation, education, and medical treatment,” which will reach the end users. The project will be overseen by the Chinese central bank and will include four major banks and large corporations such as China Telecom. This is a significant step as it will give China a major head start over other developed economies. Daily …

The New York Digital Investment Group LLC (NYDIG) has received approval from the United States Securities and Exchange Commission (SEC) to offer its shares to institutional investors, including registered investment advisers, their clients and other eligible investors. The fund aims to invest in cash-settled BTC futures traded on exchanges that are registered with the U.S. Commodity Futures Trading Commission. Though the increasing number of offerings by various companies targeting the institutional investor is a positive sign, the larger players have been slow to invest in the space due to regulatory concerns and high volatility. Crypto market data weekly view. Source: …

Binance — the second-largest crypto exchange by daily trade volume — has announced support for Tezos (XTZ) staking, according to an announcement published on Dec. 3. Starting on Dec. 4, Binance’s users will be able to trade with XTZ, with XTZ rewards to be calculated daily based on live snapshots and distributed monthly. The distribution is set to end before Jan. 20, and after that on the 20th day of each following month. Binance said that users must hold at least 1 XTZ in order to qualify for staking rewards. Tezos is currently trading at $1.30. Binance’s CEO Changpeng Zhao …

The total crypto market capitalization slumped from close to $238 billion on Nov. 18 to a low of about $189 billion on Nov. 22. That is a drop of just over 20% within four days. However, despite the sharp fall in prices, the Bitcoin miners remain unfazed as the hash rate on Nov. 23 was close to its previous all-time highs. Cardano (ADA) creator Charles Hoskinson tweeted that the current price drop was due to the FUD created by the media news and market manipulation. He reminded the crypto community that crypto is unstoppable and is the future as it …

Tezos has partnered with Singapore government-backed blockchain platform Tribe to jointly launch a training program for developers on the Tezos blockchain. According to a Nov. 21 blog post, Tezos’s non-profit arm Tezos Southeast Asia (TSA), which is dedicated to promoting Tezos in the region, collaborated with Tribe in order to attract more developers to create Tezos blockchain-based solutions for real-world applications. The training program is set to roll out in the first quarter of 2020. Commenting on the collaboration, Caleb Kow, president of TSA, said, “by enabling trainers with a good knowledge of Tezos blockchain technology, they will be able …

The institutional asset custody arm of United States-based crypto exchange Coinbase has announced it is transitioning to an internationally-based staking service as of Nov. 21. In rolling out its staking services to a global investor base, Coinbase Custody appears to be leveraging its brand recognition to promote staking as a key emergent investment strategy for the blockchain and cryptocurrency space. The announcement states the custodian intends to offer all of its global clients “appropriate access to crypto first features like staking.” Coinbase Custody has been offering an institution-grade staking service for Tezos (XTZ) as of March 2019 — subject to …

Bitcoin (BTC) finally dropped all the way down to the $7.4Ks in minutes as anticipated in our previous analysis if the key $7.8K level did not hold. Cryptocurrency market daily performance. Source: Coin360 Over the past week, BTC/USD has faced a slow grind down to the $8,000 price level. Now, Bitcoin also broke below its 0.786 Fibonacci retracement level as well — its last major level before a confirmed full retrace of the Oct. 25 rally to $10,500. After a short bounce, Bitcoin has bounced back to around $7,600 at press time. “China bans Bitcoin” FUD works again As Cointelegraph …

Thursday Nov. 14 — Cryptocurrency markets are largely trading sideways, with Tezos being the only top-20 coin showing notables gains of more than 11%. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been showing little price movement over the last few days and recently sipped below the $8,600 price mark. The world’s largest cryptocurrency started the day at an intraday high of $8,800 before slowly moving downwards to its current trading price, showing a loss of 1.75% on the day. Bitcoin daily price chart. Source: Coin360 BTC could drop towards the $8,500 region According to Cointelegraph contributor Horus Hughes, …

Switzerland’s main stock exchange SIX has listed a Tezos-based exchange-traded product (ETP) that enables investors to generate passive income. Traded under the symbol AXTZ, the product is issued by fintech Amun AG in partnership with the Tezos Foundation. It went live for trading on Nov. 5. Passive yield According to an overview of the instrument, the ETP’s investment objective is both to provide exposure to the performance of Tezos while generating additional yield for investors through so-called “baking rewards.” Similarly to other proof-of-stake (PoS)-based blockchains, Tezos investors are able to passively earn a form of “interest” by staking — depositing …

Bitcoin (BTC) futures volumes have been consistently rising in the past few days. This shows that the interest of the institutional players has been gradually picking up. A close study of the futures volume and price action can provide the experienced trader an insight into the likely direction of the markets. Increasing volumes with a sharp dip in price is a bearish sign as it indicates the initiation of short positions. Crypto market data weekly view. Source: Coin360 However, at times, a market that has been heavily shorted also provides an opportunity to enter a counter-trend trade because if the …

United States-based cryptocurrency exchange and wallet service Coinbase said today that it has expanded access for staking the cryptocurrency Tezos (XTZ). In a blog post on Nov. 6, Coinbase announced that it is now introducing staking rewards for all Tezos holders on Coinbase, so that each eligible U.S. customer can earn interest on their XTZ holdings for depositing and holding the token on the platform. The estimated return for Tezos staking is around 5% Staking lets customers passively earn income with their crypto by holding funds in a cryptocurrency wallet to support the operations of that tokens’ network. Staking purportedly …