Day: February 12, 2019

Bitcoin ETF is Just a Matter of Time, Says Prominent Wall Street Advisor Ric Edelman

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According to Ric Edelman, the founder of Edelman Financial Engines, ETFs will eventually meet the demands of the SEC and get the Commission’s approval. Bitcoin exchange-traded funds (ETFs), are challenged by the US Securities and Exchange Commission (SEC), that’s why their approval and mass adoption is still a while away from now. However, there are some outstanding figures that actively support ETFs and bet that their future is certain. One of these enthusiasts is Ric Edelman, founder of advisory firm Edelman Financial Engines. He is very optimistic about ETFs and believes that eventually,…

Binance CEO Reveals Testnet Release Date for Decentralized Exchange

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Cryptocurrency exchange Binance will launch a testnet version of its new decentralized exchange Feb. 20, CEO Changpeng Zhao confirmed on Twitter Feb. 12. Binance DEX, plans for which first emerged last year, aims to provide a decentralized basis for cryptocurrency holders to trade tokens, removing liability and security hurdles associated with traditional, centralized platforms. The testnet release will be public, with Zhao requesting feedback from users in the same tweet today.   The date follows previous announcements with more details about Binance DEX, which will include support for cryptocurrency hardware…

Bithumb Kicks Off Middle East Expansion With UAE Crypto Exchange

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South Korean cryptocurrency exchange Bithumb is planting its flag in the Middle East with the launch of a licensed fiat-to-crypto exchange in the United Arab Emirates (UAE). The firm announced Tuesday that it has signed a memorandum of understanding (MoU) with the UAE-based firm Nvelop to form a joint venture for the initiative, CoinDesk Korea reports. Nvelop was founded by Abu Dhabi-based E11 Investment Fund and Asia-based venture capital firm Trill Ventures Group to fund blockchain businesses in the Middle East and North Africa (MENA) region. Through the new partnership, Bithumb…

Crypto Bear Market is Prime Entry Point For Tech Giants

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The yearlong plunge in cryptocurrency markets has resulted in downsizing for many tech startups but for the big players it could provide the perfect entry point. Big Players Looking Towards Blockchain Many blockchain projects have faced the squeeze in recent months and been forced to let staff go and downsize operations. The NEM Foundation has been the latest in the growing list of those battered by the bears as it faces a complete restructuring. This could be good news for bigger players looking to scoop up tech talent for their…

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

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Photo: OnInnovation / Flickr The Bitcoin Lightning Torch experiment is catching up more steam with every passing day. So far, the experiment has attracted over 140 participants from over 37 countries. Last week, Twiter CEO Jack Dorsey was the latest to pick it up. Currently, Changpeng Zhao, the CEO of cryptocurrency exchange Binance, holds it. Apparently, I hold the torch now. #LNTrustChain I must say, it feels very cool in my virtual hand. 🙂 Who should I send it to next? https://t.co/gLyA2qmRpW — CZ Binance (@cz_binance) February 11, 2019 The Lightning…

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

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Photo: OnInnovation / Flickr The Bitcoin Lightning Torch experiment is catching up more steam with every passing day. So far, the experiment has attracted over 140 participants from over 37 countries. Last week, Twiter CEO Jack Dorsey was the latest to pick it up. Currently, Changpeng Zhao, the CEO of cryptocurrency exchange Binance, holds it. Apparently, I hold the torch now. #LNTrustChain I must say, it feels very cool in my virtual hand. 🙂 Who should I send it to next? https://t.co/gLyA2qmRpW — CZ Binance (@cz_binance) February 11, 2019 The Lightning…

New Release: Oracle Adds New Features to their Enterprise Blockchain

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Oracle has added new features to their  Oracle Blockchain Platform – that help users speed up the development, integration, and deployment of new blockchain applications. advertisement With this latest release, Oracle has added unique developer-oriented productivity enhancements and consortium-oriented identity management features, which are critical to diverse organizations conducting business transactions via a blockchain network.  New DevOps capabilities make the platform easier to integrate with existing business and IT systems. Additionally, as blockchain becomes an important data store in the enterprise, the platform enables Oracle Autonomous Data Warehouse customers to transparently capture blockchain…

Jack Dorsey Announces Plans to Integrate Bitcoin’s Lightning with Square’s Mobile App

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Photo: JD Lasica / Flickr During an interview with podcaster Stephan Livera, Twitter and Square CEO Jack Dorsey discussed Bitcoin, the Lightning Network, and the Square Cash App. He revealed the plans on the future Square Cash wallet development and confirmed that the Lightning Network will be rolled out on the company’s Cash App. He said: “It’s not an ‘if,’ it’s more of a ‘when,’ and how do we make sure that we’re getting the speed that we need and the efficiency.” He added: “We don’t think it stops at buying and selling [bitcoin]. We do want…

General Motors’ Finance Arm Joins Blockchain Data Security Initiative

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United States automotive giant General Motors (GM) has become the latest member to join blockchain startup Spring Labs’ partner project to enhance data security, the company confirmed in a press release Feb. 11. GM, which has experimented with the technology before, will join the Spring Founding Industry Partners (SPIF) Program, which launched in January. Now with almost 20 participants, the scheme aims to address issues in data provenance through collaborative research. Spring Labs, as Cointelegraph reported, plans to release its first related products this year. “As the captive finance arm…

Bitcoin Price Watch: BTC Following Slow and Steady Uptrend

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Bitcoin price corrected lower recently below the $3,640 and $3,580 supports against the US Dollar. There is a contracting triangle forming with resistance near $3,625 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either climb above the $3,625 resistance or extend the correction below $3,560. Bitcoin price declined recently below the $3,580 support against the US Dollar. BTC found support near $3,550 and it seems like the market is preparing for the next move in the near term. Bitcoin Price Analysis After trading…