Day: November 2, 2018

Distributed Ledger Firm AlphaPoint Hires Ex-CBOE Exec to ‘Support Growth And Innovation’

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White label digital asset exchange platform AlphaPoint announced it had hired a former senior executive at the Chicago Board Options Exchange (CBOE) to lead its trading and exchange business in a press release shared with Cointelegraph Nov. 2. AlphaPoint, which has operated since 2013 as a method through which corporations can digitize financial assets, said Kapil Rathi would “support its growth and ongoing innovation.” Rathi was previously head of equity options at CBOE, the company having risen to fame as one of the first providers of Bitcoin futures in December…

Crypto Remains in Recession with Only 25% of Bitcoin Moved in 2018

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Twitter Facebook LinkedIn Throughout this year, during a 69 percent correction, only 25 percent of Bitcoin were moved between addresses, suggesting that 75 percent of Bitcoin had not changed hands. That is nearly a 58 percent decline in Bitcoin user activity since 2017, during a period in which BTC  surged to a new all-time high at $20,000 and the cryptocurrency market reached a valuation of $800 billion. Analysts expected a higher percentage of Bitcoin in circulation to change hands throughout the past 11 months despite the bear market, given that…

Bitcoin Cash (BCH) Spikes in Value After Binance Announces Support for Upcoming Hard Fork

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Investors and the community members of the Bitcoin Cash (BCH) project and cryptocurrency have some good news to look forward to as Binance has announced that its platform will be supporting the upcoming hard fork. In the announcement less than a few hours ago, the exchange notified its users that BCH deposits and withdrawals will be suspended a few minutes prior to the 4pm time of the hard fork on November 15th. The announcement went on to give the following exact details: Binance would like to confirm support for the upcoming…

Taiwan’s Legislature Amends AML, CFT Laws to Place New Requirements on Crypto Exchanges

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Taiwan’s legislature has passed amendments to existing anti-money laundering (AML) and counter terrorism financing (CFT) laws to place new requirements on crypto exchanges. The development was reported by FocusTaiwan, the English language news website of Taiwan’s national news agency, on Nov. 2. Under the new changes to Taiwan’s Money Laundering Control Act and Terrorism Financing Prevention Act, the Legislative Yuan — the Taiwan-based unicameral legislature of the Republic of China — has given Taiwan’s Financial Supervisory Commission (FSC) the authority to bar anonymous crypto transactions. The FSC can now demand…

US Rapper T.I. Sued for $5 Million After His Token Allegedly Fails

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U.S. rapper T.I., also known as T.I.P., is being sued for $5 million by a group of people after his FLiK token has reportedly failed, according to court documents obtained by U.S. celebrity news media The Blast. As per the lawsuit cited by the outlet, the group of 25 persons claims that they have invested $1.3 million in “now worthless securities called FLiK Tokens,” promoted by T.I. and his business partner Ryan Felton. The plaintiffs state that the token was actively endorsed in social media both by celebrities and experts…

CryptoKitties Developer Receives $15 Mln in Financing Round Led by Rockefeller Venture Arm

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Dapper Labs, developer of the world’s most used blockchain app CryptoKitties, has received $15 million in another financing round, global news agency PR Newswire reported on Nov. 1. The new funding will help the Canada-founded Dapper Labs to expand it services on a local and global scale, as well as to address infrastructure issues and to boost mainstream adoption of distributed ledger technology (DLT). According to the press release, the company is planning to set up a subsidiary in the U.S. headed by execs from video gaming firms Unity and…

Blockchain Company Reveals a Powerful Fitness App Aiming to Reward Workouts with Tokens.

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ADVERTISEMENTS Lympo, a blockchain based company in the field of gamifying fitness and motivating people to exercise by issuing crypto token rewards, is presenting a new marketing method intended for the fitness industry. The tokens are rewarded for completing workout challenges, users will be paid through the Lympo app. Lympo aims to encourage healthy living around the world by rewarding people for exercising and leading more active lives. The launch of Lympo’s new app will happen in the U.S. next month during an event, featuring the Dallas Mavericks – an…

Cboe’s Head of Equity Options Just Joined a Blockchain Startup

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Blockchain startup AlphaPoint has hired a senior executive from Cboe Global Markets, the parent of the Chicago Board of Exchange. Revealed exclusively to CoinDesk, Kapil Rathi joined AlphaPoint as global head of trading markets,  a newly created position, and will be in charge of the company’s trading and exchange business. He was previously Cboe’s head of equity options, and earlier worked at the New York Stock Exchange, ISE (now a part of Nasdaq) and Bats Global Markets, which Cboe acquired in 2017. Rathi told CoinDesk that he has been watching AlphaPoint…

Cboe’s Head of Equity Options Just Joined a Blockchain Startup

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Blockchain startup AlphaPoint has hired a senior executive from Cboe Global Markets, the parent of the Chicago Board of Exchange. Revealed exclusively to CoinDesk, Kapil Rathi joined AlphaPoint as global head of trading markets,  a newly created position, and will be in charge of the company’s trading and exchange business. He was previously Cboe’s head of equity options, and earlier worked at the New York Stock Exchange, ISE (now a part of Nasdaq) and Bats Global Markets, which Cboe acquired in 2017. Rathi told CoinDesk that he has been watching AlphaPoint…

Coinbase Custody Partners With Wilshire Phoenix To Launch A Dedicated Crypto Fund

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Coinbase Custody is quickly becoming a household name. The largest cryptocurrency operator in the US is joining efforts with Wilshire Phoenix to bring on board a new cryptocurrency-focused fund. Reports have it that the fund is worth $500 million is organized as a statutory trust. The goal behind the launch of the fund is to boost Bitcoin’s exposure. Besides, it is on record that Coinbase Custody is the most secure crypto storage solution. Wilshire Phoenix’s aim is to mitigate risks involved with the unpredictable price action of Bitcoin The Generally…