Day: October 23, 2018

Gov’t-Owned Holding Company Subsidiary Invests in Binance’s Singapore Expansion

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Vertex Ventures has announced an investment in the largest cryptocurrency exchange Binance to facilitate its expansion into Singapore, according to a press release shared with Cointelegraph Oct. 23. Vertex Ventures is a subsidiary of Singapore-based government-owned investment company Temasek Holdings, which manages $223 billion in assets. The company was founded in 2015 as a global network of operator-investors, who manage portfolios in the U.S., China, Israel, India and Southeast Asia. The company focuses on early-stage investments and currently has around $2.5 billion under management. According to the release, the investment…

Altcoin Bulls are Loading Up as Prices Stabilize

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Even with Huobi availing HUSD, most altcoins are struggling to stay afloat under heavy bear pressure. The slide is clear in Stellar Lumens which despite being stable from a long-term point of view can’t simply rally above 25 cents and 30 cents triggering bulls aiming at 50 cents. It’s even steep in Litecoin where bears are driving back prices towards the main support line at $50. All in all, we retain a bullish outlook and before we suggest buys, we need to see break outs in line with Oct 15…

NYSE Parent Company Reveals Launch Date for Bitcoin Futures on Bakkt Platform

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The parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), has announced the launch date for Bitcoin (BTC) futures on its platform Bakkt, according to a document released Oct. 22. Bakkt is a platform for trading, storing, and spending digital assets that was established earlier this year by global exchange operator ICE. Per the document, ICE will list Bakkt Bitcoin (USD) Daily Futures Contracts for trading on Dec. 12, 2018. The product will be physically-settled and cleared by ICE Clear U.S., Inc. The notice further explains: “Each…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 22

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The Financial Action Task Force (FATF), a global anti-money laundering (AML) supervisory body, will set up rules to monitor cryptocurrencies by June of next year. This is a welcome step that will create uniform regulations and reduce the use of virtual currencies for money…

Overstock’s Medici Ventures Invests in Decentralized Social Network

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Overstock’s venture capital subsidiary Medici Ventures has invested in decentralized social network Minds, Inc. (Minds.com), according to a press release shared with Cointelegraph Oct. 22. Founded in 2011, Minds is a decentralized social networking platform that rewards users for their activity online via cryptocurrencies, revenue, and views of their content. Recently, Minds launched its native crypto token $MINDS on the Ethereum (ETH) Mainnet, which can be earned for engagement on the platform. Per the release, Minds has received Series A investment from Medici Ventures, although the investment sum was not…

Report: Cryptocurrencies Should Be Governed by Current EU Financial Laws

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The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws. The report specifies that most crypto assets are covered by the Unfair Commercial Practices Directive, which regulates unfair business practices in the European Union and requires corresponding laws to be passed that incorporate it into each member state’s legal system. However, cryptocurrencies are covered only in the sense…

Bakkt’s Futures Platform Slated to Begin Trading in December

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Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission. Originally slated for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.” The platform is advertised as an all-encompassing, “open platform” for “digital assets across global markets and commerce,” and was, in part,…