Day: September 17, 2018

Regulators No Longer Take the ‘Blockchain Good, Crypto Bad’ Approach

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Ripple’s Sagar Sarbhai has said he believes that blockchain technology and crypto assets are now being tackled more holistically by policymakers, in an interview on CNBC Markets today, September 17. Sarbhai, who is head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said he thinks that regulators are no longer taking a compartmentalized approach that takes distributed ledger technologies (DLT) such as blockchain in isolation from crypto assets themselves. As the interview’s subtext implies, regulators have historically approached decentralized cryptocurrencies with circumspection – or otherwise outright hostility…

Regulators No Longer Take the ‘Blockchain Good, Crypto Bad’ Approach

boss

Ripple’s Sagar Sarbhai has said he believes that blockchain technology and crypto assets are now being tackled more holistically by policymakers, in an interview on CNBC Markets today, September 17. Sarbhai, who is head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said he thinks that regulators are no longer taking a compartmentalized approach that takes distributed ledger technologies (DLT) such as blockchain in isolation from crypto assets themselves. As the interview’s subtext implies, regulators have historically approached decentralized cryptocurrencies with circumspection – or otherwise outright hostility…

Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

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A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16. Speaking during a panel he was heading, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai, said that hurdles to digital currency becoming mainstream remained in lack of public awareness and insufficient crime prevention tactics. “…Faith in digital currencies will always be questioned as long as its source and tracking system remain unknown,” the Times paraphrases Tamim. Dubai…

Galaxy, BlockTower Lead $16 Million Funding for Crypto Project Caspian

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Institutional traders simply need better crypto tools. That’s the driving idea behind a union between Kenetic Capital, a crypto hedge fund based in Singapore, and Tora, a trading systems firm that already supplies order execution, portfolio management, risk assessment and compliance services for well-established asset classes. Announced today, both companies are teaming up to create Caspian, a project that has raised $16 million in funding via a token presale. Investors in the round include Kenetic, Galaxy Investment Partners, BlockTower Capital, Octagon Strategy, Techemy Capital, Global Advisors and Bletchley Park, according to David Mills of…

Former SpaceX Engineer Targets Consumer Traders With His LXDX Crypto Exchange

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A former engineer at Elon Musk’s SpaceX has announced his new firm LXDX would launch a public cryptocurrency exchange, Leaprate reports Monday, September 17. Previously engaged in automation and propulsion at SpaceX, Joshua Greenwald has since turned his attention to institutional-grade cryptocurrency trading.   While already operating for institutional investors, Greenwald now wishes to hook the mainstream consumer market. “Our immediate focus is on cryptocurrency and enabling every investor to utilize the exclusive tools, like smart order routing, that only institutions previously could access,” Leaprate quotes him as saying. LXDX received…

WEF Report: 65+ Ways Blockchain Technology Can Tackle Environmental Challenges

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startupsand has written over 1500 articles on Blockchain technology andstartups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat Ad honorem – Honorary Ph.d –…

Crypto Markets See Mixed Red and Green, BTC and ETH Hold Ground

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Monday, September 17: crypto markets are today largely green, but scattered mild corrections are affecting several major-market-cap altcoins, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is just a fraction of a percent down on the day to trade at $6,484 to press time. Having reclaimed the $6,500 price point September 13, the top coin failed to break through to a yet higher level, but has instead jaggedly circled to consolidate the $6,500 mark. Despite a brief dip earlier today below $6,460, Bitcoin has since somewhat rebounded…

Treat Bitcoin Like Switzerland Does, Zimbabwe Finance Minister Tells Central Bank

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Zimbabwe’s new finance minister said the country should embrace Bitcoin at state level in a manner similar to Switzerland, local media outlet IT Web Africa reports Monday, September 17. Citing the Swiss central bank’s “investment and understanding” in Bitcoin, Mthuli Ncube said he would call on the Reserve Bank of Zimbabwe (RBZ) to follow in its footsteps. “Zimbabwe should be investing in understanding innovations and often central banks are too slow in investing in these technologies,” the publication quotes him as saying. “But there are other countries which are moving…

$6,550: Bitcoin Charts Suggest New Target for Price Rally

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The corrective rally in Bitcoin (BTC) could gather momentum if key resistance above $6,500 is crossed on the back of high volumes, according to technical charts. The leading cryptocurrency witnessed a symmetrical triangle breakout last week, opening doors for a stronger corrective rally towards $6,800–$7,000. However, despite the bullish setup, BTC faced rejection near $6,660 on Friday and spent the weekend trading in a sideways manner in the range of $6,350–$6,550. As a result, the immediate bullish outlook has been neutralized. Further, trading volumes fell to a two-month low of…

Government Sites in India Among Prime Targets for Cryptojacking, Research Shows

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Official government websites have become a prime target for cryptojacking in India, The Economic Times (ET) reports today, September 17. Cryptojacking is the practice of infecting a target with malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. New research from cybersecurity analysts reportedly reveals that widely trusted government websites – including those of the director of the municipal administration of Andhra Pradesh, Tirupati Municipal Corporation and Macherla municipality – have become the latest to be exploited by the practice. Security Researcher…