Day: March 29, 2019

Major Private Indian Bank Partners With Ripple for Cross-Border Remittances

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India’s Federal Bank, a commercial private bank, has partnered with Ripple to use its network for cross-border remittances. The bank announced the development in a letter on March 28. The partnership with Ripple comes as part of a wider initiative to apply new technologies to the bank’s remittances network. Also on March 28, Federal Bank launched two remittance platforms in the United Arab Emirates (UAE) for making payments to India. One of the platforms will purportedly allow non-resident Indians in the UAE to send money through exchange houses and banks…

Solid Progress: Bakkt Continues Work On Bitcoin (BTC) Futures, Unveils Stacked Board

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Bakkt Delivers Much-Needed Update At long last, Bakkt, the most-awaited crypto startup of the past year, has released its latest update. In a Medium blog post published Friday, Kelly Loeffler, the chief executive of the Intercontinental Exchange (ICE)-backed initiative, explained how her firm’s foray into Bitcoin (BTC) futures and other offerings is faring. Loeffler explained that while she is unable to divulge a launch date (target), Bakkt is “making solid progress” in bringing the first physically-delivered BTC futures contract to market. She, a former member of ICE’s C-suite, adds that…

Canadian Oil Companies are [Somehow] Mining Bitcoin: the Next Big Trend?

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Mining for Bitcoin is a unique and modern twist on what has typically been a traditionally non-digital activity that has powered economic growth around the world for centuries – oil mining. Although mining for oil and mining for Bitcoin share few similarities beyond the principle concept, a unique system in place at a Canadian oil field creates an unlikely partnership that essentially generates Bitcoin as a byproduct of oil. Natural Gas to Power Bitcoin Mining Operations  The operators of a large oil field in Canada are cashing out on the…

This Bitcoin Price Rally is Masking a Serious Problem

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By CCN.com: This week is looking to end on a positive note for bitcoin, as the cryptocurrency clawed its way above $4,100, adding $1 billion to its market cap in the process. Bitcoin Price Cracks $4,100 as Bullish Sentiment Grows The bitcoin-to-dollar rate established an intraday high at $4,103, up 2.24-percent since Friday’s opening price. The session peak also marked bitcoin’s highest mark since February, leading many to believe that the cryptocurrency was finally breaking out of its prolonged bearish bias. The shift in sentiment has been building since bitcoin’s…

Largest Austrian Energy Provider Debuts DLT-Based E-Car Charger

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Wien Energie, the largest energy provider in Austria, has announced a charger for electric cars based on distributed ledger technology (DLT) in a press release on March 28. Per the release, Wien Energie in partnership with blockchain tech firm Riddle & Code are testing an electric vehicle charging station with “integrated secure machine identity” in Vienna. The new machines purportedly aim to provide immutable data interfaces that connect various aspects of the power supply chain, including smart meters, producers and consumers. In its initial stages, the station will purportedly allow…

Breaking: VanEck, Bitwise Bitcoin ETFs Delayed By The SEC

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Two Bitcoin ETF Applications Delayed According to CoinDesk, two Bitcoin (BTC) exchange-traded fund (ETF) applications from VanEck (in collaboration with SolidX + CBOE) and Bitwise (in collaboration with NYSE), a New York-based fund manager and San Francisco-headquartered crypto services provider respectively, have been delayed. As reported by Ethereum World News, the two applications were filed in quick succession, and subsequently pushed to the Federal Register, giving the U.S. Securities and Exchange Commission (SEC) 45 days to issue a verdict or delay. It seems that the regulatory agency has used its…

US SEC Delays Decision on Bitcoin ETF Applications From VanEck and Bitwise

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The United States Securities and Exchange Commission (SEC) has delayed its decision on a rule change to the Securities Act that would allow the listing of Bitcoin (BTC) exchange-traded funds (ETF). The SEC published its decision in a public notice on March 29. Bitwise filed its application with NYSE Arca on Feb. 15 under the condition that it would reach a decision in 45 days. Should the commission feel the need to extend that period, it is permitted to extend the review period to 90 days. Following today’s decision, the…

Crypto Prices May Be Down, But Industry Fundamentals Are Healthier Than Ever

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The cryptocurrency market has been through the wringer over the past 15 months. The prices of most altcoins have plummeted by 90% or more from their all-time highs, and the king of crypto itself, Bitcoin, has declined as much as 85% as well. But despite prices being far lower than they once were, the health of the industry itself is only getting stronger fundamentally, according to one cryptocurrency analysis firm. Boston-Based Data Firm Reveals Crypto Industry Is Healthier Than Ever While sentiment around the cryptocurrency market is still extremely bearish…

Universal Protocol Alliance to Launch Euro-Pegged Stablecoin in April

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The Universal Protocol (UP) Alliance, a coalition of blockchain firms including crypto exchange Bittrex and decentralized browser Brave, will launch its own euro-pegged stablecoin in April, according to a press release on March 28. The UP’s stablecoin, dubbed the Universal Euro (UPEUR) will be pegged to the euro on a 1:1 basis and will reportedly allow customers to earn up to 8 percent interest. The Universal Euro will purportedly be available directly on digital money platform Uphold and participating exchanges, as will be accepted by crypto custodian and device providers…

Bitcoin Price Escaped Bear Market 3 Months Ago: Analyst

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By CCN.com: After a long and bitter winter, the crypto thaw has arrived and bears have lost their grip on the market. One economist says the bears were sent packing into hibernation as many as three months ago from a technical standpoint, though you wouldn’t know it from March’s narrow bitcoin trading range. Alex Kruger: Bitcoin Has Vanquished Bear Market – That’s a Fact Believe it or not, with the bitcoin price hovering near $4,100, the bulls have finally wrestled back control. Investors failed to commemorate the occasion with a…