Day: October 22, 2018

Bitcoin Futures Could Go Live on ICE’s Crypto Trading Platform in December

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The Intercontinental Exchange’s upcoming cryptocurrency trading platform Bakkt will officially launch on December 12, pending regulatory approval. ICE announced Monday that Bakkt could begin offering physically settled bitcoin futures contracts in December, marking the first cryptocurrency-related offering provided through the new platform. Bakkt will hold the bitcoins backing the futures contract in the ICE Digital Asset Warehouse, according to the notice, provided the Commodity Futures Trading Commission (CFTC) signs off. These futures contracts will be cleared through ICE Clear US, another subsidiary of the exchange, which notably owns the New…

In Russia, a New Call for Nationwide Blockchain Healthcare Project

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In Russia, a New Call for Nationwide Blockchain Healthcare Project October 22, 2018 by Vladimir Litvinov Northwestern Russia’s Novgorod region, which is running a pilot blockchain project related to pharmaceutical supply chains, has called for adopting the initiative on a national scale. Also see: Bitmain Releases Overt ASICBoost Firmware for Antminer S9 Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Novgorod Authorities Say Project Should Go National The region’s governor Andrey Nikitin has sent a letter to the country’s health ministry, claiming that the blockchain project could…

BTC/USD More Bearish than Ever

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The bitcoin price continues to trade sideways on Monday after a stable showing during the weekend on the daily charts. The bitcoin-to-dollar exchange rate is trading at 6398-fiat at the time of writing, 0.85 percent lower than its Sunday high. The pair has found a decent support area in 6350-6400-fiat zone. But, it does not signal enough buying sentiment to break above the giant descending trendline. BTC/USD also formed another Doji on Sunday, confirming an equilibrium between bulls and bears. Frankly, the market is in a long-term bearish bias, so…

Civic Looks to Expand Adoption With App-to-App Developer Tool

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If blockchain-based identity platform Civic is to go mainstream, then making it simple for as many businesses and consumers as possible to start using its app will be key. “Consumer adoption may take a while. Hopefully we have a hit that takes off,” Vinny Lingham, CEO and founder at Civic, said on stage at Money 20/20, in a fireside chat with Bruce Silcoff, CEO of blockchain-based ID company Shyft, and moderator James Mirfin, global head of digital identity at Refinitiv.   To that end, the company is aiming to attract…

Simex finds itself on the wrong side after claiming SEC’s approval

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Today, ARGG also-known-as Simex found itself on the wrong side after claiming SEC’s approval two months ago. According to the United States Securities and Exchange Commission, the Nevada based American Retail Group issued press releases in August this year falsely claiming that the “company has partnered with an SEC qualified custodian for use with cryptocurrency transactions that would be ‘under SEC regulations.’” Learning of these claims, the Securities and Exchange Commission suspended trading in the securities of the company and issued a statement distancing itself from any involvement with Simex’s…

Crypterium to Allow Its Users to Shop on eBay, Refill PayPal and Bank Accounts With Cryptocurrencies

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In recent months, reports have emerged stating that PayPal, the leading online payments provider may be making a move in favor of cryptocurrencies. This has been echoed by PayPal’s previous business companion eBay. Yet, there seems to be an alternative in the market. Blockchain-based startup Crypterium led by former Visa UK CEO Marc O’Brien enables its users to send crypto directly to bank accounts. Crypto users can now top up their PayPal account or send a payment to their bank account, as well as shop with Bitcoin wherever bank transfers…

U.K. MP to Advise Crypto Exchange on Gov’t Relations, Says ‘Steep Learning Curve’ Ahead

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U.K. Member of Parliament (MP) Stephen Hammond has joined the advisory board of a new retail investor-focused crypto exchange to provide guidance on government relations. The news was shared in a press release with Cointelegraph today, Oct. 22. Hammond is also notably a member of the Treasury Select Committee, where he is responsible for government financial oversight and regulation. The exchange, dubbed IronX, is a regulated platform that has been jointly established by digital trading firm IronFX and EmurgoHK, developers of the ninth-largest crypto by market cap, Cardano (ADA). The…

$50 Million ICO Shuts Down ‘in Accordance with’ Regulatory Requirements

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An Initial coin Offering (ICO) conducted by an Australian crypto startup Global Tech Exchange (GTE) has ceased operations, citing the Australian Securities and Investments Commission (ASIC) requirements, the company’s website reveals Monday, Oct. 22. According to Business Insider Australia, the ICO was launched summer 2018 by GTE to create an an education-based trading and exchange platform and had a fundraising goal of $50 million. The firm quickly gained popularity after being endorsed by Michael Clarke – a former Australian cricket captain and national celebrity. As of August, GTE cited him…

Visa Set to Launch Blockchain-Based Digital Identity System with IBM in Q1 2019

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Visa is readying its blockchain-based digital identity system for cross-border payments for launch in the first quarter of 2019, according to a press release published October 21. The system, dubbed Visa B2B Connect, will provide a blockchain-based digital identity solution for financial institutions to securely process cross-border payments. The system reportedly tokenizes sensitive business data – such as banking details and account numbers – granting them a unique cryptographic identifier that will be used for transactions on the platform. Kevin Phalen, global head at Visa Business Solutions, suggests that the…

Bitcoin Price Becoming Less Volatile than Amazon Stock: CBOE Analyst

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The next time your nocoiner friends or relatives criticize your decision to allocate a (hopefully reasonable) percentage of your investments into bitcoin, you can tell them that you’ve chosen to put money the flagship cryptocurrency because you don’t have the stomach for more volatile asset classes — stocks, for instance. Granted, that argument doesn’t have a strong historical track record, but, according to an educational analyst at the first U.S. derivatives exchange to list bitcoin futures, BTC has lately experienced less price volatility than some of Wall Street’s most popular…