Abu Dhabi Securities Exchange Issues Thought Paper on Crypto and Blockchain

The Abu Dhabi Securities Exchange (ADX) has issued a thought paper on cryptocurrency and blockchain infrastructure for issuing digital assets, reports the Emirati government news agency WAM Nov. 6.                                 The document was reportedly issued in collaboration with the Central Securities Depositories and under the auspices of the International Securities Service Association, ISSA. In publishing the paper, the ADX seeks to identify the necessary technical and operational criteria for issuing digital assets and supporting financial institutions in offering crypto assets. According to ADX CEO Rashed Al Blooshi, the exchange “continues…

The SEC Stops Accepting Public Comments on Bitcoin ETFs, Takes Time to Make Decision

On November 5, 2018, part of crypto community was expecting to hear an official decision from the US Securities and Exchange Commission (SEC) regarding nine Bitcoin (BTC) exchange-traded funds (ETFs). The statement never came, however, as November 5 was in fact the deadline for the public to submit their comments to the SEC to help the agency review the case. Here’s what you should know about the current situation with crypto-related ETFs in the US. What are Bitcoin ETFs? Cointelegraph has previously covered ETFs and why they are important for…

China’s Central Bank Wants to Put the Damper on Airdrops: Report

The People’s Bank of China (PBoC), China’s central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of “disguised” Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities. Based on the report, the bank states that the companies running token giveaways are evading China’s…

BTCC Announces the “Indefinite” Closure of Its Mining Pool

BTCC will be shutting down its mining pool by the end of the month. According to a recent notice made by the Hong Kong-based exchange, BTCC will deactivate its mining pool servers on November 15, 2018, and cease all operations entirely come November 30. Citing “business adjustments,” the notice was generally vague about the exact reason for this particular closure. Having started operations in 2014, the mining pool is one of the oldest in the space, while BTCC itself is China’s oldest crypto exchange. BTCC’s mining pool was one of…

Blockchain is Airdropping $125M in Stellar Lumens to Its Wallet Users

Blockchain will be airdropping approximately $125 million worth of Stellar lumens to its users, in conjunction with the Stellar Development Foundation. This marks the largest airdrop in cryptocurrency history. Those interested in taking part must possess a Blockchain wallet and be willing to verify their identity. The first group of customers is set to receive their lumens sometime this week at no charge. Stellar is Blockchain’s first airdrop partner since it launched its official “Airdrops Guiding Principles” framework last month. Jed McCaleb, co-founder of the Stellar Development Foundation, believes airdrops…

Bitfury Secures $80M in Private Funding Round

Cryptocurrency mining firm Bitfury Group has closed a Series C, $80 million funding round led by EU-based Korelya Capital. The round also included crypto merchant bank Galaxy Digital, Lian and Jabre Group, Dentsu Inc., Armat Group and others. Bitfury is a diversified blockchain company known for its expertise in developing high-performance computing technologies, processing capabilities and advanced blockchain-based solutions for companies and governments, including the development of a blockchain-based land registry in Ukraine. The funding round will be used by the company to enrich its software and hardware development, as…

Port Authority of Valencia Joins Maersk, IBM Blockchain Project for Shipping

The Port Authority of Valencia (PAV), Spain, has integrated into the TradeLens platform, a blockchain ecosystem jointly developed by IBM and shipping giant Maersk, according to an official announcement published Nov. 5. Launched in August 2018, the TradeLens platform applies blockchain technology to global supply chains. The product aims to improve trade efficiency and security, wherein all participants of the supply chain, including shipping lines, port and terminal operators, customs authorities and other parties, can interact and access shipping data and documents. Per the announcement, PAV has integrated into the…

Just a Ripple? XRP Price Hits One-Month High But Eyes Correction

Twitter Facebook LinkedIn Ripple (XRP) on Tuesday established a bullish setup after rising more than 10 percent against the US dollar. The pair broke above the October peak to set a new one-month high at 0.569-fiat. It was previously stuck in a narrow trading range for multiple weeks amidst lower volatility. While the lack of bias-defining price action is itself not significant, the absence of solid bullish momentum, coupled with failed rally attempts of the recent weeks, confirms XRP’s overall downtrend. The latest rally marks the asset’s latest attempt to break…

Bitcoin Cash Launch Retrospective – The Coinbase Blog

Launch of BCH Trading We announced our decision to support BCH trading on December 19, 2017. The following outlines the timeline of events that occurred: December 19, 2017 4:06 pm PST: We announced that GDAX would enable support for BCH trading on three new books: BCH-USD, BCH-EUR and BCH-BTC. In accordance with our Trading Rules these books opened in ‘post-only’ mode. This mode allows orders to be placed but not filled — establishing liquidity, encouraging price discovery, and mitigating the risk of a volatile market opening. 5:15 pm PST: We announced our…

Bitcoin Cash Trading Update – The Coinbase Blog

We wanted to provide our customers with an update on Bitcoin Cash (BCH) trading on GDAX. At 4:00pm PST on December 19, 2017, we launched three BCH order books on GDAX. All BCH order books opened in post-only mode, allowing customers to place open orders and establish liquidity. At 5:20pm PST, we enabled trading on the BCH-USD book. The BCH-EUR and BCH-BTC books remained in post-only mode. At 5:22pm PST, we paused trading in the BCH-USD order book due to significant volatility. Once paused, we cancelled resting orders and cleared…