Day: November 28, 2018

Lina Network signs agreements; with both public and private sectors

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The South East Asia blockchain space is booming. This is partly due to favorable government posture regarding the emerging technology. To take better advantage of the environment, Lina Network has signed agreements to expand its foothold in the region. According to the Bangkok Post, the Vietnam-based company recently held an event in Thailand. Interestingly, the event attracted the elite in the world of technology and finance. Among the guests was Mrs. Baroness Charlotte de Rothschild, a member of the Rothschild family in England. Best-in-class blockchain solutions Further, the company signed…

Coinbase Quietly Opened Its OTC Crypto Trading Desk This Month

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U.S.-based cryptocurrency exchange Coinbase opened its over-the-counter (OTC) crypto trading desk earlier this month. In an interview with news source Cheddar on Tuesday, Coinbase head of sales Christine Sandler said that the firm launched the OTC desk as a complement to its exchange business because institutions are using OTC as an “on-ramp for crypto trading” In an OTC transaction, a trade takes place between two parties directly, unlike on an exchange where orders are matched between third-party buyers and sellers. “We felt this was a huge benefit to our clients…

Execution of Sukuk via blockchain; Al Hilal Bank is the first to do so

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The Muslim world is slowly adopting blockchain. The latest is the world’s first execution of Sukuk, a bond in Muslim finance, via blockchain. Particularly, AL Hilal Bank was the entity behind the resale and settlement of the Islamic Sukuk. An Islamic Sukuk is a bond that complies fully with the existing Islamic laws regarding finances. In particular, the laws require that anyone who professes the Islamic doctrine must not take part in speculative activities. Therefore, the Islamic Sukuk takes out the speculative aspect from bonds, or at least purports that…

SEC Chairman Jay Clayton Demands Better Market Surveillance Before Approving Bitcoin ETF

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Photo: Brookings Institution / Flickr Over the last year, Cryptocurrency companies across the globe are pushing it hard to get a Bitcoin ETF approval. However, the SEC has remained absolutely firm about its call on issues of market manipulation. Reiterating his stand, chairman of the U.S. Securities and Exchange Commission (SEC) said that he still has a few worries before getting “comfortable” with the investment product. Clayton remarked during the ongoing Clayton remarked during CoinDesk’s Consensus: Invest conference in Manhattan. He further added: “What investors expect is that trading in the…

Hollywood Blockbuster Wreck-it-Ralph 2 Features Crypto Cameo

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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 relentless incursion of cryptocurrency into popular culture has recorded another first with the SAFE Network being featured in the newly-released animation movie ‘Wreck-it-Ralph 2 – Ralph Breaks The Internet’. First pointed out by posters on internet forums, the feature was then confirmed by a shot of a cinema screen showing the SAFE logo clearly displayed during a scene in the movie. Source: safenetforum.org Hollywood Loves…

Is Dogecoin Making A Comeback?

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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. In every market slaughter, there are some winners. Those with sell orders over 50 satoshi on Dogecoin may have noticed their sales went through recently. Demand for Dogecoin has seemingly picked up whilst the rest of the market was on a sell frenzy. The Dogecoin price went up about 6 Satoshi in the last 48 hours, with more than $11 million in total trade volume, a gain…

Huobi Launches Multi-Stablecoin HUSD

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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. For some, perhaps the only thing better than a stablecoin is a universal stablecoin – one that’s usable wherever stablecoins are accepted. That’s what Huobi has launched in its new HUSD token, which supports four major stablecoins: Gemini Dollar, Paxos Standard, USDCoin, and True USD. The function is simple enough – by holding HUSD, users are able to instantly have an equal value of any of…

Bitcoin Price Watch: BTC/USD Ran Into Resistance, More Gains Likely

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Key Points Bitcoin price climbed higher recently and traded above the $3,800 resistance level against the US Dollar. This week’s crucial bearish trend line was breached with resistance at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price ran into a major resistance area at $4,080, but there are chances of more gains. Bitcoin price gained traction and moved above $3,800 and $4,000 against the US Dollar. BTC/USD must break the $4,080 resistance level to trade further higher. Bitcoin Price Analysis Recently, there was…

Ten U.S. Crypto Firms Set to Draft Code of Conduct for Digital Asset Market

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Ten financial services and technology firms active in the cryptocurrency space have joined forces to launch the Association for Digital Asset Markets (ADAM) in order to establish a Code of Conduct for the emerging asset class in the United States. Association for Digital Asset Markets Launched to Establish Code of Conduct in the United States By working with current and former financial watchdogs, the association will seek to provide rules for efficient trading, custody, clearing, and settlement of digital assets, thus defining the standards for digital asset market participants. ADAM’s guidelines…

ICE CEO Unequivocally Sure That Crypto Will Succeed, Bitcoin Market Isn’t Worrying

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Crypto Will Unequivocally Survive… Market Isn’t Worrying Surprisingly, amid one of the worst Bitcoin corrections in its decade-long history, a number of commentators and investors, from the traditional, venture, and crypto realms alike, have come out in full support of this asset class and ground-breaking innovation. The most recent of these notable outspoken supporters is one Jeff Sprecher, CEO of the Intercontinental Exchange (ICE), who took to CoinDesk’s Consensus Invest event on Tuesday to discuss his opinions on the crypto market. Speaking at the popular New York event, which hosted the crypto…