Day: March 20, 2019

Next Stop: Derivatives – Blockchain News

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The derivatives market in the Blockchain ecosystem has been quietly growing in the past year. The two largest derivatives exchange, BitMEX and OKEx are seeing over $700 million in trading volume daily, with OKEx reaching over $2 billion at its peak. The primary driver of revenue growth at the respective exchange is a perpetual swap, which is an innovative product that resembles futures contract, except that it does not have an expiry date and no exchange of underlying asset of contracts will take place. Collectively, the popular cryptocurrency trading product…

5 Cataylsts Fueling the Rally

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The broader crypto market has been stuck in a narrow trading range over the short-term, but there’s one cryptocurrency whose value has nearly doubled year-to-date, and that’s Litecoin (LTC). The fifth-biggest coin, which is currently trading at $60.75, has benefitted from a few high-profile partnerships inked by Litecoin creator Charlie Lee, not to mention a push toward confidential transactions. The Litecoin price has doubled in 2019. | Source: Yahoo Finance After trading in the shadow of its larger sibling bitcoin (BTC) for so long, Litecoin, whose primary use case is…

CoinMarketCap Launches Crypto Indices on Nasdaq, Bloomberg, Others

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CoinMarketCap announced that it will launch two cryptocurrency benchmark indices on Nasdaq Global Index Data Service, Bloomberg Terminal, Thomson Reuters Eikon and Börse Stuttgart. The news was revealed in a post on the crypto data firm’s blog, published on March 20. The two indices are calculated and administered by German index provider Solactive, the post notes. Per the announcement, the indices will cover the top 200 cryptocurrencies by market capitalization, one including Bitcoin (BTC) and one without it. The latter benchmark will be called CMC Crypto 200 ex BTC Index…

Cryptopia Exchange Resumes Crypto Trading Amid Banking Issues

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Cryptopia, the cryptocurrency exchange hit by a major hack in mid-January, has just announced that it’s restarted trading services. The New Zealand-based exchange posted a notice on Twitter Wednesday, saying: “We have resumed trading on 40 trade pairs that we have quantified as secure. We will continue to expand this list as we clear more coins.” The company is providing a full list of the available pairs on its support pages. On Jan. 16, Cryptopia went offline stating that it “suffered a security breach which resulted in significant losses.” Since then,…

Dubai: Citie’s First Bitcoin ATM installed in a hotel

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Dubai residents and tourists can now buy Bitcoin through an ATM using just cash. According to a Khaleej Times report, the UAE’s first ATM that dispenses bitcoin is at the five-star Rixos Premium Dubai Hotel at JBR. Buyers need present no documentation other than cash to buy bitcoin instantly. Customers will need need an Emirates ID or passport to sell the digital currency later, according to Anhad Dhingra, CEO, Amhora, which holds the licence for the ATM. “At this kiosk, you just insert cash and you get Bitcoins instantly. It…

Neither Dominant Nor Defeated, EOS Still a Work in Progress

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Blockchain projects that comprise the greater cryptocurrency sector’s market cap are unquestionably bootstrapped — a product of ingenuity and crowdsourced blockchain fundraising. But with the industry evolving further in the last few years, gaps between mature projects and less developed ones are more noticeable, exhibited by issues that a well-funded or more thorough team of development experts could avoid. The latest example of this came from EOS — a competitor with Ethereum — when a user figured out how to broadcast a fake transaction to the network for 1 trillion…

Huobi Launches Token Sale Platform to Let Investors Sample Pre-Release Altcoins

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Singapore-based cryptocurrency exchange Huobi Global is launching a dedicated platform for pre-release token sales, the company confirmed in a blog post on March 20. The platform, dubbed Huobi Prime, aims to give participating investors access to new altcoin tokens before they appear on major exchanges. Prospective projects will go through a vetting procedure, with successful applicants offering tokens to investors via three 30-minute flash sales, the blog post outlines. Huobi Prime is geared to both large and small investors, with individuals subject to a maximum $1,000 investment cap. The cap…

FashionTV Leaps into the World of Blockchain by Partnering up with Decentralized E-commerce Platform WAAM

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FashionTV, the international fashion and lifestyle broadcasting station which aims to provide original, unbiased and informative programming, is planning to join this new age in e-commerce by embedding WAAM across its channels, making the WAAM token an officially acceptable currency. Since its inception in 1997, FashionTV has reached over 1 billion people across the globe, with a unique, cosmopolitan and a modern style allowing for influential partnerships with many global brands.  advertisement 2018 was the year where the issue of users’ privacy took the central stage. With the enactment of…

Former Prime Minister of Denmark Joins Blockchain Identity Project Concordium as Strategic Advisor

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Concordium, a Danish identity-validating, regulatorily compliant blockchain network, has announced that Anders Fogh Rasmussen, former Secretary-General of NATO and former Prime Minister of Denmark, has joined as a Strategic Advisor. Lars Seier Christensen, Chairman of Concordium, said: advertisement “Given the enormous scope and far-reaching potential of the Concordium Network, it is essential for the Concordium Foundation to harness the knowledge of those with invaluable in-depth strategic expertise.” “Anders will play a pivotal role in our global expansion plans to move into areas that require a blockchain solution for secure and…

Kudelski Partners With Smart Contracts Auditor Hosho on Blockchain Security Solutions

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Cybersecurity solutions provider Kudelski Security has entered a strategic partnership with smart contracts auditing firm Hosho in order to provide greater security for blockchain ecosystems. The news was announced in a press release from Kudelski on March 19. As Cointelegraph auf Deutsch previously reported, Kudelski Security — a Swiss-born, stalwart tech security solutions provider whose multinational operations run from locations across Europe and the United States — launched a Blockchain Security Center (BSC) this January. Kudelski, which has expertise in the field of applied cryptography, says it established the partnership…