Day: February 7, 2019

Crypto Exchange QuadrigaCX Reportedly Not Regulated by Canadian Securities Watchdog

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Canadian cryptocurrency exchange QuadrigaCX is reportedly not regulated by the British Columbia Securities Commission (BCSC), the province’s financial regulator, Reuters reported on Feb. 7. Vancouver-based cryptocurrency exchange QuadrigaCX was established in 2013 and is purportedly the first exchange in Canada to be licensed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). According to Reuters, the BCSC was aware of Quadriga since 2017. However, the exchange was unregulated as there was reportedly no indication that Quadriga traded securities or derivatives, or operated as an exchange in general. “As…

UAE to Discuss Blockchain and Digital Assets at 7th World Government Summit

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The Ministry of Finance (MoF) of the United Arab Emirates (UAE) will discuss the development of blockchain and digital assets in the country’s economy at the 7th World Government Summit. The news was reported by business news outlet the Gulf Today on Feb. 7. The MoF will hold two closed sessions devoted to global financial trends, including the development of blockchain and digital currencies and building a feasible economic environment around the two technologies. The conference participants will also discuss the development of Small and Medium Enterprises (SMEs) and the…

Will Amazon Ever Add Cryptocurrency to Its Platform? Maybe!

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Around one-third of Americans use Amazon.com to buy just about everything. The company holds around 90 million US-based Prime members and the average subscriber spends around $1,000 annually on the site. The wide assortment of products at low prices has helped make Amazon one of the most valuable companies in the world. Except, its frequent shoppers want access to more products on its site, including medical marijuana, prescription drugs, and cryptocurrency. Amazon and Cryptocurrency Investing.com conducted a polled study of 1,000 Amazon shoppers and found that 13% were “OK” with…

Russia’s Alfa Bank Launches Blockchain Platform for Utilities Payments

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Russia’s Alfa Bank Launches Blockchain Platform for Utilities Payments February 7, 2019 by Vladimir Litvinov Alfa Bank, a leading Russian private lender, has launched a blockchain platform for utility bill payments. Can the system, or systems like it, gain traction in the mainstream? Also read: On the Zcash Counterfeit Flaw Fix: Questions to Ponder Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Blockchain Payments for the Utility Sector The platform — created in collaboration with Kvartplata 24, a developer of cloud-based solutions for automation of municipal services…

Russia’s Alfa Bank Launches Blockchain Platform for Utilities Payments

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Russia’s Alfa Bank Launches Blockchain Platform for Utilities Payments February 7, 2019 by Vladimir Litvinov Alfa Bank, a leading Russian private lender, has launched a blockchain platform for utility bill payments. Can the system, or systems like it, gain traction in the mainstream? Also read: On the Zcash Counterfeit Flaw Fix: Questions to Ponder Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Blockchain Payments for the Utility Sector The platform — created in collaboration with Kvartplata 24, a developer of cloud-based solutions for automation of municipal services…

Over 5.5 Billion USDC has Been Transferred оn-Chain

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Over 5.5 billion USD Coin (USDC) tokens have been transferred on-chain as of Jan. 31 2019, according to a report released by the Centre consortium on Feb. 6. The Centre consortium was founded by crypto finance firm Circle and United States-based crypto exchange Coinbase. USDC s a U.S. dollar-backed stablecoin released by Coinbase and Circle in October of last year. According to the report, by the end of January 2019 over 86,000 USDC transactions have been completed on the chain. The document also claims that over 550 million units of…

BTC Fundamental and Technical Indicators Diverge

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Bitcoin price trading within tight ranges Adoption picking up, positive for BTC in the long-term Transactional volume dropping It’s all about adoption. Luckily, metrics point to increasing participation, a development which is bullish for BTC in the long term. Before we initiate longs, BTC/USD is technically bearish. The position will change after there are substantial gains above $3,800. Latest Bitcoin News Fundamentals Traders, as well as investors, are neck deep in bear territory. However, there is something special about this correction: there is a level of resilience among coin holders.…

Blockchain-Based Digital ID Systems Are Increasingly Finding Real-World Use

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According to the latest estimates, we generate around 2.5 quintillion bytes of data every day. That’s 2.5 followed by 17 zeros — or rather 2.5 trillion million — a number that’s impossible to visualize intuitively, but nonetheless has massive implications for our privacy online, our security and our ability to keep our digital identities within our own personal control. Indeed, recent surveys indicate that as many as 89 percent of consumers believe that corporations currently aren’t doing enough to protect their data, while over half of all CEOs and C-suite executives admit…

Investing App Invstr Launches Cryptocurrency Index

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Investing app Invstr has launched a cryptocurrency index for their platform, allowing users to follow cryptocurrency markets, according to a press release on Feb 6. Invstr’s crypto index will allow users to to track price fluctuations of the crypto market and make price comparisons of specific cryptocurrency pairs. The index will also include a range of digital asset categories, that includes asset, payment and utility tokens. Cryptocurrencies on the app will be reviewed quarterly, which will allow for the addition of newer and stable cryptocurrencies to remain on the app…

Binance Wants to Add Ripple’s xRapid as a Partner in Future, CZ Reveals

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The world’s largest crypto exchange Binance is considering a partnership with Ripple to use its cross-border payment platform xRapid, the company’s CEO Changpeng Zhao revealed in a Periscope live stream on Feb. 6. Speaking in his first live stream ever, Zhao — better known as CZ in the crypto community — provided a clear message that Binance is “definitely” looking to partner with Ripple, whose native currency XRP is currently the largest altcoin by market cap. However, CZ also claimed that xRapid is not a priority for the crypto exchange…