ASX Postpones Roll-Out of Blockchain Settlement System to 2021

The Australian Securities Exchange (ASX) has pushed back the launch of a blockchain replacement for the decades-old CHESS clearing and settlement system until the second quarter of 2021 . The ASX published a new report on Tuesday in response to public feedback on a consultation paper it published in April for the new system. The company expected at the time the new system would go live by the end of 2020. The exchange said it had received 41 written submissions from various stakeholders in the process, such as clearing and settlement…

South Korea to Double Blockchain Trials in Public Sector Next Year

The South Korean government is literally doubling down on its efforts to trial blockchain in the public sector, adding more projects and increasing available funds for 2019. The Korea Internet & Security Agency (KISA) – a sub-organization of the Ministry of ICT – has said it is aiming to increase the number of blockchain pilot projects in the public sector from six this year to 12 in 2019, as CoinDesk Korea reported on Tuesday. “In the next year, we are considering expanding blockchain pilot projects in the public sector to 12, and…

Bitcoin Could Fall More Before Rally

Joost van der Burgt, a policy advisor at the Dutch National Bank, said that the Bitcoin price will endure at least one more correction prior to initiating the next mid-term rally. Burgt demonstrated the correlation between Google search activity of the keyword “Bitcoin” and the price chart of BTC, which showed striking similarities from May of last year to February of 2018. But, over the past seven months, Bitcoin has not reflected the trend of Google search. “Every time bitcoin was in the news, be it positive or negative, the…

Crypto Interest Rises As Argentine Peso Collapses, Joins Venezuela As Monetary Policy Basket Case

Crypto Interest Rises As Argentine Peso Collapses, Joins Venezuela As Monetary Policy Basket Case September 4, 2018 by Paul de Havilland As the Argentine peso collapses, locals are turning to crypto. Having lost 50 percent of its value against the U.S. dollar this year, the peso continues to slide. Evidence suggests Argentines are looking to cryptocurrency as a store of value, just as their counterparts in Venezuela are doing, with Dash and bitcoin both benefiting from the flight to quality. Also see: Big Blockin’: Bitcoin Cash Stress Test Day Produces 15…

Bitcoin ETF Will Likely Be Approved Next Year: Asset Manager

The focus on a Bitcoin ETF has shifted from its possibility thereof to the timing of an imminent approval. With several predictions from different quarters already, recent statements are suggesting 2019 to be a more realistic date of approval. One of the most pertinent questions surrounding Bitcoin today revolves around the anticipated ETF approval by the US Securities and Exchange Commission. While most participants now see a Bitcoin ETF approval to be imminent, it is the actual timing that majority are currently concerned about. About the Bitcoin ETF Simply put,…

Deutsche Börse Establishes Centrally-Steered Unit Dedicated to Blockchain, Crypto Assets

Germany’s joint stock company Deutsche Börse (DB) has established a dedicated unit for blockchain and crypto assets, Finextra reported September 3. The newly established “DLT, Crypto Assets and New Market Structures” unit will comprise a 24-person team led by Jens Hachmeister, and will explore the disruptive potential the technology could have for financial markets infrastructure, as well as the new products DB could develop to enhance its existing offerings. As Hachmeister outlined: “Deutsche Börse has been active with the technology in a first phase of ideation and exploration […] However,…

Philippines to Publish Final ICO Regulation, Draft Crypto Exchange Rules Within Two Weeks

Regulators in the Philippines plan to reveal draft cryptocurrency regulation by the middle of this month, local media outlet The Manila Times reported Monday, September 3. Citing Ephyro Luis Amatong, chairman of the country’s Securities and Exchange Commission (SEC) speaking to reporters, The Manila Times confirmed cryptocurrency exchanges could soon be considered as traditional “trading platforms.” “We see the need to regulate them as trading platforms,” Amatong explained. The news comes following a similar commitment from Filipino lawmakers to formalize the regulatory environment for Initial Coin Offerings (ICO) and their…

Why Japan’s Biggest Messaging App Line Decided to Create Its Own Crypto

On Aug. 31, Line, Japan’s most widely utilized messaging app with more than 200 million active users, revealed the launch of its own cryptocurrency called LINK. Upon its announcement, Line immediately listed LINK on its digital asset exchange BitBox, which it launched back in July of this year. Uniquely, as Cointelegraph reported, Line has decided not to conduct an Initial Coin Offering (ICO) to raise a significant amount of capital in exchange for the distribution of its token. Instead, Line utilized a mechanism called ‘airdrop’ to give users LINK as…

Monero up 20% This Week as Bloomberg Report Injects Bullish Sentiment

Monero value this week has surged more than 20 percent after a report published by the Satis Group predicted robust bullish forecasts for the privacy-centric cryptocurrency. The XMR/USD pair on August 30 was trading at around 97.36-fiat after strong bearish sentiment rejected the previous upside near 110-fiat. The same day, Satis Group, a major ICO advisory firm, published a report predicting Monero among the significant price gainers within the next decade. Soon after the story hit the public domain, and got covered Bloomberg, the XMR/USD started to show strong upside…

Bitcoin Indicator Turns Bullish for First Time in 8 Months

The list of indicators signaling a long-term bullish reversal in bitcoin (BTC) continues to grow with each passing week. The latest to join the list of a select few is the MACD histogram, which has moved above zero – turned bullish – for the first time since January. The MACD histogram, which oscillates above and below the zero line, is one of the most popular technical indicators used to determine the trend reversal and momentum. A bearish-to-bullish trend change is confirmed when the histogram moves above the zero line. On…