Month: October 2019

Advertisment Wave Financial—the Los Angeles-based company and Fidelity Digital Assets are in a new partnership to launch Bitcoin derivatives yield fund. In the new arrangement, Fidelity will be the custodian of the BTC reserves for the established yield fund. The move by Wave Financial to launch bitcoin derivatives yield fund is an extension of a growing trend aimed at launching BTC derivatives products. The CME Group has already supported the plan, saying that the derivatives marketplace will be a suitable Read more …

UK police auctioned off more than $294,000 of cryptocurrency confiscated from the teenage hacker of EtherDelta and TalkTalk. The Eastern Region Special Operations Unit (ERSOU) worked with Wilsons Auctions to sell the digital assets, including bitcoin, ripple and ethereum, in what is said to be the unit’s first such auction. “Asset recovery in a digital world has evolved, so it’s really important that, working alongside commercial partners, we have a clear process for the storage and sale of cryptocurrency,” detective Read more …

The United States Commodity Futures Trading Commission (CFTC) charged a United States resident with a $7 million Bitcoin (BTC)-related fraud. In an official news release published on Sept. 30, the regulator revealed that Jon Barry Thompson of Easton, Pennsylvania, is charged with “knowingly or recklessly making false representations to customers in connection with the purported purchase of Bitcoins worth over $7 million.” “Knowingly or recklessly” The official document alleges that — contrary to his claims — neither Thompson nor a Read more …

If you’re reading this article, you’re either interested in creating a Security Token Offering (STO) or participating in one. Perhaps you’re an entrepreneur looking for innovative funding sources to grow your project to the next level, or maybe you’re just sick and tired of all the hassle (& hustle) that comes with lobbying to get funding from traditional investors…  Or you’re simply an innovator and realized long ago that the blockchain technology and STOs are the future of fundraising. Whichever Read more …

Cryptocurrency protocol Stellar (XLM) announced that it intends to remove its inflation feature in an upcoming upgrade. According to the Stellar Development Foundation’s (SDF) blog post published on Sept. 30, developers are keen to discard the inflation tool, which they say now offers little functionality to network participants.  Users to vote on inflation removal Per the blog post, the protocol’s new incarnation, version 12, should no longer include it, with a vote aiming to achieve consensus. The post reads: “After Read more …

Advertisment Today Binance revealed that it will be delisting 30 trading pairs from its platform in order to improve liquidity and trading experience. 17 different tokens will be removed from the Binance platform, with nearly all affected cryptocurrencies being left with at least one stablecoin pair in minus. However, this will not be like a total delisting, as some of these cryptos will still have some trading pairs left on the platform. This move is expected to increase liquidity by Read more …

The German bank partially owned by blockchain firms Nimiq, TokenPay and the Litecoin Foundation is planning to process cryptocurrency payments for retailers starting in 2020. WEG Bank AG CEO Matthias von Hauff told CoinDesk the program is now accepting retailer applications for a sandbox test group, with applications opening to the public in early 2020. “You don’t have to be a customer of the bank,” he said. “All we do is provide the regulatory framework in the background, to make Read more …

Advertisment Cryptocurrencies, like the popular Bitcoin, are all the rage for those looking to invest in an interesting new innovation. Cryptocurrencies get their name from the fact that they are decentralized and not government-backed. Essentially, rather than a central authority mandating their value and usage, cryptos derive their value from blockchain technology – basically, a way for investors to maintain tabs on the number and value of coin-units on the market. If you’re considering investing in cryptocurrency, it’s important that Read more …

The Bitcoin (BTC) network experienced fresh turbulence on Sept. 30 while evidence emerged of a fire destroying $10 million worth of mining rigs. A video of alleged Bitcoin miner fire emerges According to Marshall Long, one of the first active Bitcoin miners, mining company Innosilicon’s giant data center began burning on Monday. Details remain sparse, but a video appeared showing the machines reportedly continuing to run despite being on fire.  Dovey Wan, a founding partner at crypto asset holding company Read more …

In the infancy stages of cryptocurrency development, banks were outwardly hostile towards digital currency. However, the widespread adoption of blockchain-based technology for processing financial transactions quicker, safer, and more efficiently has led to a rethinking of traditional thought processes among notable banking giants. A caveat is in order, however many banks remain opposed to the purchase of cryptocurrency with bank-issued credit cards. Established banking institutions have policies in place proscribing the use of bank-issued credit cards for cryptocurrency purchases. For Read more …

United Kingdom-based digital banking app Revolut announced a major partnership with Visa to expand its services globally across 24 new markets, including North America. According to a Sept. 30 press release, this will bring 56 markets worldwide in total into Revolut’s reach. North, Latin American and Asian markets Per the release, the terms of the agreement stipulate that Revolut will primarily issue Visa-branded cards as it pursues its global expansion push. Visa will enable the app to launch services initially Read more …

The Intercontinental Exchange’s highly anticipated bitcoin futures contract mustered just $5 million of total trading – and its daily product traded fewer than five contracts across its first week. According to the exchange’s Bakkt division, set up last year by the Atlanta-based company as a new marketplace for digital assets, some 623 monthly bitcoin futures contracts changed hands last week. Both the monthly and daily contracts debuted on Sept. 23. Each of Bakkt’s futures contracts represents one bitcoin, so the Read more …