Day: November 28, 2018

Huobi Cryptocurrency Exchange Launches Derivative Market

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Singapore-based cryptocurrency exchange Huobi has launched the Huobi Derivative Market (Huobi DM), according to a press release shared with Cointelegraph Nov. 28. Huobi presented its new platform at the Cryptofrontiers conference in New York City today, stressing that the Huobi DM allows customers engage in cryptocurrency contract trading on both rising and falling cryptocurrency prices. The platforum purportedly provides tools for hedging and controlling risk and uncertainty. Contract trading allows users to purchase and sell digital currencies at predetermined prices at specified times in the future, giving investors and traders…

Nasdaq Plans to List Bitcoin Futures in 2019

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Nasdaq Inc. is moving ahead with a plan to list Bitcoin futures, according to two people familiar with the matter, betting on sustained interest despite the cryptocurrency’s dramatic plunge over the past year. Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts, the people said. The New York exchange operator, which was first reported to be eyeing Bitcoin futures last year, wants to allow trading in the first quarter of 2019, one of the people said. Bitcoin futures…

Crypto is Enabling the Creation of Internet 3.0

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The financial technology emerged from the underlying protocol of a crypto could be just the thing internet 3.0 is all about, believes Asiff Hirji. The president and chief operating officer of one of the largest regulated U.S. crypto exchange Coinbase put crypto technology at the forefront of the next internet revolution. Speaking at the latest Money2020 conference in the U.S., Hirji said that the next wave of innovation could witness the launch of many amazing companies that would solve two of the most significant problems of the internet today: money…

SEC Chairman Jay Clayton Reveals Why The Regulator Will Not Approve A Bitcoin ETF

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Jay Clayton, the Chairman of the US Securities and Exchange Commission (SEC), mentioned at a conference in New York that it’s unlikely for regulators to approve a Bitcoin Exchange Traded Fund (ETF) anytime soon. According to UK Business Insider’s Article published on November 28, 2018, Clayton believes that the current security measures around cryptocurrency asset custody are not adequate, as exchanges are still prone to hacks and manipulation. Bitcoin ETF Unlikely To Be Approved By U.S. Regulators Anytime Soon Business Insider reported that the cryptocurrency industry needs to address certain…

UAE Presents Blockchain and AI Initiatives Following Annual Government Meeting

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The Second United Arab Emirates (UAE) Government Annual Meetings concluded with the introduction of two initiatives pertaining to blockchain and artificial intelligence (AI), the Emirates News Agency reported Nov. 28. At the meeting hosted by the governmental AI and Blockchain Joint Working Group, participants addressed strategies to attract foreign investment and create necessary technological infrastructure, as well as potential challenges related to blockchain and AI adoption. The meeting announced the launch of the AI and Blockchain Guide Initiative, which aims to develop a standardized definition of the technologies on the…

Bitcoin Price Surges 15% in Rebound Action; Has It Bottomed Already?

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin price on Wednesday saw the arrival of bulls as it surged 15 percent in an impressive rebound action. The BTC/USD index opened at 3776-fiat while continuing the upside action of the previous day. It kept forming higher highs, eventually setting its daily peak at 4350-fiat as the US trading session came into play. At the time of writing, the pair is trading at 4300-fiat,…

Amazon Announces Two Blockchain-Related Products; Quantum Ledger and Managed Blockchain

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E-commerce giant Amazon announced the debut of two new services, Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain, according to a press release shared with Cointelegraph Nov. 28. QLDB is a ledger database designed to provide transparent, immutable, and cryptographically verifiable log of transactions, which is overseen by a central trusted authority. All changes are purportedly recorded on chain, while the new product is also able to automatically scale and execute two to three times more transactions than already existing products. Andy Jassy, the CEO of Amazon Web Services…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin: Price Analysis, Nov. 28

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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. After the large-scale wealth disruption in the cryptocurrency space, many have started to question whether the asset class will survive or wither away. New York Stock Exchange (NYSE) chairman Jeffrey Sprecher is positive about the future of digital currencies, saying that their survival as…

Trezor One Wallets Forgery Reveals New Techniques Used to Steal Crypto

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The cryptocurrency wallets made by Trezor have long been considered a standard of the industry and have been trusted as a reliable cold storage of cryptocurrencies by large media, blockchain developers and crypto enthusiasts worldwide. The company prides itself on the quality of its product and in being one of the leaders in the market of hardware wallets. But it was only a matter of time before the Trezor’s flagship device got the attention of fraudsters. On Nov. 19, the company issued an official warning to users which reported that…

Cryptoeconomy Winter? Fed Warns of Market ‘Shocks,’ De-Risking

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Cryptoeconomy Winter? Fed Warns of Market ‘Shocks,’ De-Risking November 28, 2018 by William Peaster In its latest Financial Stability Report, the Federal Reserve outlined what it saw as serious current threats to the U.S. economy’s stability. The future is ever uncertain, but the report is worth crypto traders’ consideration: any shocks in the U.S. financial system would reverberate not only throughout the global economy but also in the cryptoverse. Also read: Association of Digital Asset Markets Founded, Galaxy Digital In Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders &…