Month: October 2019

Crypto startup Knabu is piloting bank regulatory reporting with Factom, one of the earliest enterprise blockchain companies. Revealed exclusively to CoinDesk, the London-based firm is launching the 30-day pilot today. Knabu is best known as a payments company with a smart-deposit product meant to help companies mitigate the risks of self-custodying assets on a blockchain. It is simultaneously applying for a UK banking license, aiming to establish itself as a bank that can serve crypto and blockchain firms normally excluded from Read more …

The “Prophecy of Asuka” has earned meme-status across the cryptocurrency community, with many calling it a farce, while others put a lot of weight in its validity. After Bitcoin’s recent bearish trend, the crypto community had all but given up on the “prophecy.” But last weekend’s massive green candle and historic price surge in Bitcoin, has revived hope that the prophecy will continue to ring true. Will another surprise Bitcoin price spike take the asset to $16,000 before Halloween is Read more …

Singapore-based blockchain firm Zilliqa launches blockchain workshops in collaboration with Oxford University to encourage diversity in the industry. Together with Zilliqa, the Oxford Women in Computer Science Society (OxWoCS), an Oxford society that aims to support women in computer science, will carry out a series of interactive workshops called Blockchain A-Z, according to a press release shared with Cointelegraph on Oct. 31. Winners to apply for grants to Zilliqa’s $5 million Ecosystem Grant Programme According to the announcement, Blockchain A-Z Read more …

Bitcoin critics say that the cryptocurrency should never be regarded as a means of exchange because it’s mostly used for speculation. Fundstrat’s Thomas Lee disagrees with this statement, saying that most of the US dollars are used for speculation as well. Almost 99% USD Activity is Speculation Venture capital firm Castle Island Venture recently interviewed Tom Lee, Managing Partner and the Head of Research at Fundstrat Global Advisors. In the latest On the Bring podcast, Lee argued that only a Read more …

In many ways, Bitcoin (BTC) and the crypto markets as a whole live somewhat independently from traditional markets. The global crypto space never sleeps, operating at all hours of the day on a global scale. Traditional market price movements and conditions, however, may still have an impact on Bitcoin. If the economy is healthy, seeing rising prices for traditional market indices such as the S&P 500, it makes sense that people might be more willing to take risks by putting Read more …

Bitcoin (BTC) still keeps up the pace when it comes to P2P markets worldwide. The usage of those markets circumvents exchanges, and allows small-scale exchanges with less formality. Here’s a look at how important it is in countries with significant financial and political concerns.  Peer-to-Peer in Distressed Regimes Bitcoin trading through P2P platforms is picking up, showing significant retail enthusiasm. But those types of trades also reveal retain interest in BTC, and some real-world usage. OTC trades are not only Read more …

Binance futures trading is hitting all-time highs. Now, to further facilitate trading, the leading exchange has updated its mobile application. This update allows users to increase their trading position at up to 125:1 leverage. Futures Trading Hits All-Time Highs On October 18, 2019, despite Bitcoin’s recent price trend, the leading cryptocurrency exchange Binance reported that Binance futures daily volume were skyrocketing. Most recently, on October 26, 2019, Director of Binance Futures, Aaron Gong, reported that a new high had been Read more …

A survey by cryptocurrency blog Crypto Radar is showing a high bitcoin apathy in the U.K. for people of retirement age. 67.5% of U.K. Citizens Have No Interest in Bitcoin According to the details of the survey as published by Crypto Radar, only 5.3% of the 2,500 participants owned Bitcoin. Of this number, more than half  say they don’t plan on buying more BTC. The survey also showed an apparent high level of BTC apathy in the U.K. with 67.5% Read more …

German entrepreneur and Bitcoin enthusiast Vitus Zeller began his Team Satoshi athletic initiative in January 2019. By virtue of the #TeamSatoshi hashtag (now popular among Bitcoin sports enthusiasts), a worldwide torch is passed on Twitter between marathon runners who embrace and promote the values of sound money. In this exclusive Bitcoin Magazine interview, held on the second day of The Lightning Conference in Berlin, Zeller explained how it all started and how a personal challenge grew into a global phenomenon.  Read more …

A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Presidential Committee Pushes for Crypto Legalization The South Korean Presidential Committee on the Fourth Industrial Revolution (PCFIR), directly under the president, has made several recommendations regarding the country’s cryptocurrency regulation. The Read more …

Bisq, a prominent decentralized cryptocurrency exchange, has launched a major software update promising new features such as a new trade protocol that further reinforces the trustless nature of the system. The Bisq developers announced this update via blog post on October 29, 2019, promising two major changes: a new trade protocol that removes the influence of third-party arbitrators and a way for new accounts to gain accreditation as a reputable trader of crypto assets without compromising user anonymity or site Read more …

Recently, Canada’s central bank has been leading working groups with global partners exploring a blockchain future. Their crypto presence has soared with Ernst & Young’s announcement that it is using Toronto to test its public government expenditure blockchain. But what is the cryptocurrency landscape currently like in Canada?  The history of crypto in Canada may seem as volatile as a token with a small market cap, yet mainstream use and adoption have been on a consistent incline since 2013, when Read more …