Setting Bitcoin’s Price Mechanism: CME Group to Launch BTC Futures

On the anniversary of the publication of Satoshi Nakamoto’s Bitcoin white paper, the price of Bitcoin reached a new all-time high, following the news that CME Group, one of the world’s largest derivatives exchanges, will launch a Bitcoin futures product on November 14, 2017.Futures or derivatives in general are understood by their relationship to risk. They are investment products that can be bought and sold in the future based on being pinned to a fixed price through a contractual agreement. Read more …

IndiCoin: A Blockchain Based Crypto-Social Initiative

Blockchain technology has created a buzz around the world by changing the way we bank online, changing the online social community among others. This is just the beginning. Among the countries caught up in the blockchain frenzy, India has one of the largest blockchain talent pools in the world. The country has registered a rise in the number of companies adopting the blockchain technology which has in turn led to an increase in demand for blockchain courses from within the Read more …

Bitpay to Suspend All Services During the Segwit2x Hard Fork

Technology With roughly fifteen days left bitcoin-based businesses all around the world have been preparing their users for the possible hardfork expected to take place on or around November 16. Now the world’s largest bitcoin merchant service provider, Bitpay, has revealed its contingency plans for the upcoming Segwit2x hard fork. Also read: Trump to Appoint Bitcoin-Skeptic Powell as Fed Chair Bitpay Will Follow the Chain With the Most Accumulated Difficulty The Atlanta-based company Bitpay has announced its plans Read more …

CME Group to Launch BTC Futures

On the anniversary of the publication of Satoshi Nakamoto’s Bitcoin white paper, the price of Bitcoin reached a new all-time high, following the news that CME Group, one of the world’s largest derivatives exchanges, will launch a Bitcoin futures product on November 14, 2017. Futures or derivatives in general are understood by their relationship to risk. They are investment products that can be bought and sold in the future based on being pinned to a fixed price through a contractual Read more …

London Stock Exchange Exec: Fiat Cash Impeding Blockchain Trials

Fiat currencies are hampering blockchain innovation – at least according to David Harris, head of commercial innovation at the London Stock Exchange Group (LSEG). In a keynote address at the third annual London Blockchain Summit today, Harris told a crowd of about 150 global bankers, insurers and technology providers that he looks forward to a day when central banks will issue their own cryptocurrency. While not a new aspiration, the reason Harris gives for wanting to move to a cryptocurrency equivalent Read more …

Economics Professor Barry Eichengreen Favours Central Bank Issued Digital Currency Over Decentralised Cryptos

Renowned Professor of Economics and Political Science, Barry Eichengreen, has declared that he believes decentralised cryptocurrency will “not really” play a part in the future of finance. For the University of California lecturer, it is far more likely that central bank-issued digital currency will be favoured, thanks to the ability virtual currency has to streamline existing financial services. Meanwhile, the ease with which people can use truly decentralised currencies for illicit activity will fatally hinder their adoption. Speaking to CNBC, Eichengreen Read more …

Interview: NewsBTC With Petr Belousov, CEO of Confideal

Most of the applications of the Blockchain technology is driven by the smart contracts, which have the capability of automating decision making and execution in most of the settings. As most of the big names across industries pour money into creating and implementing these smart contracts into their organization’s operations and workflow, smaller players with limited funds are left scampering, finding the most viable method to keep up with the evolving industry standards. In such a scenario, Confideal – a Read more …

Confideal – More Than Just the Sum of Its Parts

Confideal boasts a vibrant ecosystem where the core features of the integrated platform, such as smart contracts and arbitration, unite to form an application that is far more than just the sum of its parts. [Note: This is a sponsored article.] International trade has existed since ships first sailed upon the seas and caravans crossed mountains, but the increasing pace of technological innovation has led to a massive surge in international trade. Contracts and manufacturing details can be hammered out Read more …

Launching a Cryptocurrency “Token Generation Event” (aka an ICO)

On October 27, 2017, disruptors in the cryptocurrency field gathered at the San Francisco Ethereal Summit. Sponsored by ConsenSys, the summit provided a diverse mix of panels and workshops that demystified the “initial coin offering” (ICO) or “token generation event.” Side note: Vernacular is key. Referring to a token launch as an ICO is so “September.” The process is now referred to as a “token generation event.” At the “How to Launch a Token” panel, token generation event veterans Galia Benartzi (co-founder of Read more …

Op Ed: Slovenia Primed to Become a Blockchain Haven

The prime minister of Slovenia’s speech in support of blockchain technology this week has solidified the country’s position as the leading blockchain destination in the European Union and a key player in the regulatory field.“After the difficult ordeal of the economic crisis … we are coming back to life, we are growing again, and we are finding that we are creating numerous success stories, which inspire us but also obligate us,” said Prime Minister Miro Cerar. “We have emerged from the Read more …

Resolving Contract Disputes on a Decentralized Network

As per data from Finra.org, a total of 2,286 arbitration cases were filed in August 2017, with 1,511 (66%) being filed by customers and 775 (34%) being intra-industry cases. The average settlement time (in months) for these disputes was 14.6 with 17.1 months taken to totally address complex issues and 6.7 months for simple ones. This shows that international trade is not free of disputes arising from contracts. Traditionally, these cases are heard and settled in the court of law. Read more …

Slovenia Primed to Become a Blockchain Haven

The prime minister of Slovenia’s speech in support of blockchain technology this week has solidified the country’s position as the leading blockchain destination in the European Union and a key player in the regulatory field. “After the difficult ordeal of the economic crisis … we are coming back to life, we are growing again, and we are finding that we are creating numerous success stories, which inspire us but also obligate us,” said Prime Minister Miro Cerar. “We have emerged from Read more …