Day: March 11, 2019

Investment Firm Invesco Launches Blockchain ETF on London Stock Exchange

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United States-based investment management company Invesco is launching a blockchain exchange-traded fund (ETF) on the London Stock Exchange (LSEG) today, March 11, financial newspaper Financial Times reports on March 9. Per the article, the Invesco Elwood Global Blockchain ETF will initially be targeting 48 companies involved with blockchain technology. The firms were reportedly selected through a proprietary scoring system developed by crypto investment boutique Elwood Asset Management. The article cites Apple, chip manufacturer Intel, graphics processing units manufacturer Advanced Micro Devices, mining hardware manufacturer Taiwan Semiconductor Manufacturing and United States…

Is This a Blow to Bitcoin as Well?

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Texas Republican Rep. Phil Stephenson has introduced a bill-draft that would require Texans to identify themselves before they use crypto assets like bitcoin. In Texas House Bill No 4371, Stephenson took the institutionalization of digital currencies to an altogether new level. His bill recognized the blockchain technology as a tool that enables users to create financial aliases. And, to stop that from happening, the lawmaker proposed that Texas educate its law enforcement agencies on digital currencies and promote the use of verified identity digital currencies. Congratulations #Texas, you’re the first…

Bitcoin Enters Sixth Day of Stability as Analysts Predict Mixed Mood in Asian Markets

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Monday, March 11: Bitcoin (BTC) led a broadly stable start to trading in cryptocurrency markets today, with the largest cryptocurrency barely moving over the weekend. Market visualization from Coin360 Data from Coin360 and CoinMarketCap confirmed the continuing stability for Bitcoin and many major altcoins on Monday, with BTC/USD down around 0.15 percent to trade around $3,900. The area just below the $4,000 price point has proven attractive for Bitcoin for the past five days, ever since it entered from trading closer to $3,700. As Cointelegraph reported, cracking $4,000 has proven…

A Bitcoin Bull Market Is Still $350 Away

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View Bitcoin has established a higher low near $3,300 in the last two months, signaling bearish exhaustion. However, a break above the Christmas Day lower high of $4,236 is needed to confirm a bearish to bullish trend change. Bitcoin (BTC) needs to climb at least anther $350 to confirm a long-term bullish reversal, technical charts suggest. The leading cryptocurrency by market value is currently trading at $3,903 – having rallied 24.8 percent from this year’s low of $3,122 seen in December. This positive trend has spurred hopes that the sell-off from…

International Conference of Information Commissioners 2019

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Good morning everyone and welcome to the eleventh International Conference of Information Commissioners. This is my first visit to South Africa and I’m delighted to be here in your beautiful country. On behalf of the ICIC Governance Working Group, let me add my welcome: thank you to every one of you for being here today. And on behalf of you all, thanks to Advocate Pansy Tlakula and her team for their hosting of the 11th ICIC. I see many new faces. People who are joining our group for the first…

Spiking 50% Crypto Gains Will Eventually Fuel Bitcoin Price Surge

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Throughout March, a handful of crypto assets and tokens have consistently outperformed Bitcoin, recording gains in the 50 percent to 100 percent range against the U.S. dollar. 1-Month Chart of Enjin Coin (Source: Coinmarketcap.com) Due to the reported partnership between Samsung and Enjin, for instance, Enjin Coin and other cryptocurrencies related to the project such as Kyber Network and Bancor demonstrated a significant increase in value. Bitcoin Price Will Benefit From It According to cryptocurrency trader Josh Rager, based on the historical trend of the cryptocurrency market, the price surge…

Crypto Markets Should Self-Regulate When Possible

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United States Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce has argued in favor of self-regulation for cryptocurrency markets when possible. The commissioner made her remarks during a public talk together with former Commodity Futures Trading Commission (CFTC) chairman Gary Gensler at the MIT Bitcoin Expo 2019 on March 9. The context for Pierce’s comments was a proposal from Gensler that a more robust and unified national level regulatory framework would be desirable. In Gensler’s opinion, this would encompass not only trading platforms that offer security tokens or complex…

Proposed Bill Requires Identification of Buyers Paying in Digital Currencies

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A bill requiring users to identify themselves while using digital currencies has been filed on March 8, according to the official Texas legislature portal. The bill’s text contains the definitions of digital currencies, digital wallets, distributed ledgers and verified identity digital currencies (VIDC). The latter is defined as “a digital currency that allows the true identities of the sender and the receiver to be known before a person has access to another person’s digital wallet.” Per the proposed bill, before accepting a payment in digital currency, a person must verify…

Taking Long Positions in Bitcoin is Comfortable: Former BoA Trader

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Taking long positions in Bitcoin should be comfortable for traders, according to Naeem Aslam. The former equity trader with the Bank of America said Thursday that he would purchase bitcoin if the crypto-asset compliments a crucial technical indicator. Dubbed as Moving Average, it allows traders to calculate an average asset value for a given period after removing noisy price movements. Should you buy #Bitcoin now? Here is a methodological approach which can help you.$XRP token is still holding above 0.30 and it shows bears are running out of steam pic.twitter.com/Hvi0zatQCK…

Ethereum’s ProgPoW Proposal: An Expensive Game of Whack-a-Mole

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Dovey Wan and Martina Long are partners at Primitive Ventures, a crypto asset investment fund. ––––––––– Recently, there has been discussion regarding a proposal to migrate ethereum away from proof-of-work called ProgPoW (short for programmatic proof of work). Proponents of ProgPoW want to flip the paradigm of the cryptocurrency mining industry on its head. Their thought is: instead of building hardware to fit the mining algorithms, a somewhat “wasteful” approach, we should be using mining algorithms that are optimized for GPUs to encourage the decentralization of mining. At first glance, ProgPoW…