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Nornickel, the Russian mining and smelting giant, has taken another step toward the issuance of tokens backed by metals on Atomyze, a Hyperledger-based blockchain platform. The platform is now launched for testing alongside a handful of Nornickel’s partners, including commodity trading company Trafigura, metal refinery firm Umicore and supply chain consultancy Traxys, according to an announcement Tuesday. (All three have been involved in early-stage trials with Nornickel since December, Bloomberg reported at the time.) Later, a wider circle of institutional Read more …

Advertisment Blockchain technology has significantly grown in prominence over the last decade, along with the growth of the crypto industry. Besides FinTech, blockchain has found its application in different business verticals.  However, this technology still has some major roadblocks and challenges to overcome. The three most common problems include security, scalability, and ingenuity. Moreover, it is also a known fact that corporates have been reluctant to use blockchain due to its lack of compatibility with other platforms and data storage Read more …

Investors looking to short Bitcoin (BTC) have a new option in Germany. On Feb. 25, Boerse Stuttgart — the country’s second-largest stock exchange — announced the listing of an exchange-traded product (ETP) that is inversely correlated to the cryptocurrency’s price swings. Hedging against all scenarios The inverse ETP is issued by crypto fund manager 21Shares, formerly known as Amun. The product offers investors a positive return whenever Bitcoin’s price falls — minus a daily management fee. Already listed on Switzerland’s Read more …

Tim Draper now holds “a lot” of his portfolio in Bitcoin (BTC) after pulling his wealth out of public stock markets six months ago. Speaking to CNBC on Feb. 24, the VC investor and serial Bitcoin proponent revealed that he had significantly added to his crypto holdings since last year.  Draper: “Uber drivers were day trading” “It’s a lot, it’s a lot, a lot,” he responded when quizzed about exactly how far his faith in Bitcoin extended.  “I’m just a Read more …

Warren Buffett recently said that he does not own any cryptocurrency, but Tron (TRX) founder Justin Sun begs to differ.  Speaking to CNBC reporter Becky Quick on Feb. 24, billionaire Buffett said that he does not own crypto and derided its supposed lack of purpose:  “I don’t own any cryptocurrency. I never will […] You can’t do anything with it except sell it to somebody else.” However, on Feb. 25, Sun said in a tweet that he had gifted cryptocurrency Read more …

Bitcoin is holding on to gains today as the threat of a larger correction looms. The long term outlook is extremely bullish though, at least according to one crypto exchange executive. Kraken Director on $100k Bitcoin Kraken’s director of business development, Dan Held, sat down with Nuggets News CEO Alex Saunders to discuss global markets, why bitcoin is the hardest money, and how it fits into the macroeconomic system. Excuse the #DadJoke but this is a seriously Kraken interview! Today Read more …

In an era of increasing economic uncertainty, surveillance, specialized cybercrime and hacking, knowing how to hide bitcoin safely has become a paramount concern for crypto holders. Whether it’s by way of taking wise opsec measures, utilizing noncustodial tools, leveraging a DEX, or even storing seed phrases in your brain, there’s no shortage of measures that can be taken to protect your stash. This article seeks to detail some of the best ways anyone can use to ensure their coins remain Read more …

Advertisment In an era of increasing economic uncertainty, surveillance, specialized cybercrime and hacking, knowing how to hide bitcoin safely has become a paramount concern for crypto holders. Whether it’s by way of taking wise opsec measures, utilizing noncustodial tools, leveraging a DEX, or even storing seed phrases in your brain, there’s no shortage of measures that can be taken to protect your stash. This article seeks to detail some of the best ways anyone can use to ensure their coins Read more …

Singapore’s Court of Appeals has ruled against digital currency exchange Quoine on Monday in a landmark case relating to a breach of contract that saw the platform unlawfully reverse seven trades. The Straits Times reports that the case marks the first of its kind in the country’s history regarding a dispute involving cryptocurrency and concludes a legal battle that began almost three years ago. Quoine, the parent company of well-known Japanese trading platform Liquid, now faces settlement proceedings after the Read more …

Advertisment 25th February, 2020, Singapore – Global digital assets trading platform  BiKI.com is proud to announce its impending listing of KAVA token on Feb 26, 1500 hrs (GMT + 8). A cross-chain decentralized finance (DeFi) platform, Kava offers decentralized leverage and hedging of major digital assets such as BTC, ATOM and BNB, built by Kava Labs. To celebrate the listing, BiKi and Kava will be launching several campaigns for new users and fervent supporters to win some KAVA. By combining Read more …

Bitcoin prices have slowly inched back today but they are currently holding at support as another day’s trading gets under way. A head and shoulders pattern could be bad news for short term direction. Crypto markets have had another day of declines with total capitalization shrinking by almost 3% as $8 billion leaves the space. They are now approaching critical levels and a bigger selloff could occur if there are no moves back to resistance. Bitcoin At Support BTC has Read more …

Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers operating in the industry. Also read: China Issues Digital Currency Guide for Party Cadres Central Bank of China Issues DLT Security Specification The Financial Distributed Ledger Technology Security Specification (JR/T 0184—2020) comes as a Read more …