Day: July 23, 2019

Bitcoin Futures Update: Bakkt Testing, CME Breaks Records, and a $100K Call Option

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Over the last few months, the interest surrounding cryptocurrency derivatives products has been growing fast. For some time now, open interest in CME’s bitcoin futures has been breaking records. Bakkt’s futures platform began testing contracts on Monday and the company says there are participants from all around the world. Elsewhere, bitcoin derivatives provider Ledgerx is listing a huge $100K call option with a December 2020 expiry. Also read: Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash Bakkt Begins Testing Its Daily and Monthly Physically-Settled Bitcoin Futures On July…

Q2 Grayscale Report Confirms Bullish Scenario for Bitcoin

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Grayscale Investments, the largest conglomerate in the crypto industry, recently released its Digital Asset Investment Report for the second quarter of 2019. Report data shows how the crypto market is maturing as inflows nearly doubled quarter-over-quarter, from $42.7 to $84.8 million. This demonstrates that the recent rally in digital asset prices is supported by fresh investment from institutions. The report also a major interest in Bitcoin products which accounted for 24 percent of total inflows.  Institutions Driving the Market The latest report from Grayscale Investments has shown that the growth…

Utah County Becomes 3rd US Jurisdiction to Launch Blockchain Voting

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Utah County becomes the third jurisdiction in the United States to offer blockchain-based mobile voting in their municipal primary election. Utah County follows West Virginia and Colorado One of the 29 counties of the U.S. state of Utah, Utah County will enable eligible voters to participate in the upcoming municipal primary election through a special application on their smartphones, according to an official press release on July 23. As such, the state of Utah has become the third state to allow blockchain-powered electronic voting in the country after West Virginia…

Justin Sun Rejects Chinese Media Smear of a Greedy Lying Criminal

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Rumors are swirling once again around Tron founder Justin Sun. Sun announced yesterday that he would not be attending his $4.57 million lunch with Warren Buffett tomorrow. Where In The World Is Justin Sun? Hint: Not San Francisco First revealed by CoinDesk correspondent Wolfie Zhao, Chinese publication 21st Century Business Herald lambasted Sun just hours after the kidney stone story went live. The Herald article insinuates that Sun rescheduled his meeting with Buffett because he’s probably wanted by Chinese authorities. For what? In relation to the Tron ICO itself, among…

Palestine Plans Digital Currency to End Israel Shekel Dependency

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Months after Palestine’s current government was sworn in, the prime minister has revealed plans to develop a cryptocurrency meant to reduce dependence on Israel. According to the Anadolu Agency, Palestinian Prime Minister Mohammad Shtayyeh stated that the digital currency will assist the territory to overcome the challenges currently being experienced as a result of the overreliance on the Israeli shekel. In a (loosely translated) statement, Shtayyeh said that this was part of the Palestinian National Authority’s e-government plans. We are working to transform e-government into a reality that citizens feel.…

Blockchain in the Telecoms Industry: Revolutionizing Cell Phone Usage?

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“[X-Number of] Industries Blockchain Will Disrupt” — How often do you come across articles with a headline like this? Every time, we discover new ways to implement the tech and, while being filled with inspiration, look around to see no practical change. Speaking about blockchain in use, we should therefore consider its potential rather than today’s use cases. It’s no wonder why blockchain seems to be “the one” for many industries in which data processing is involved (side note: everywhere). It especially happens to be the solution in industries in…

BiboxEurope Goes Live, Offers Free Deposits and Industry-Low Fees

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BiboxEurope is now live! A product of AI-enhanced encrypted digital asset exchange Bibox, targeting the European users went live on July 23, 2019. Following the launch, the company has announced an attractive promotional event, waiving off deposit fees until 30, September 2019. In addition, the platform is also charging a very low maker and taker fees of 0.1%. Initially, the digital asset trading platform will be offering BTC/EUR and ETH/EUR trading pairs, followed by GBP and CHF pairs in the near future. BiboxEurope has already gained the trust of the…

Palestinian Prime Minister: National Cryptocurrency Might Replace the Israeli Shekel

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Palestinian Prime Minister Mohammad Shtayyeh recently confirmed that to overcome the problems caused to the Palestinian economy by Israel, his government is making plans to use a digital form of encrypted money i.e. cryptocurrency, local media Al-Monitor reports on July 22. When he made his first appearance on the Palestinian media after becoming the prime minister, Shtayyeh stated that the Palestianians are “not forced to remain dependent on the shekel.” Shtayyeh is calling to put an end to Palestine’s economic reliance on its rival Israel by replacing the Israeli shekel…

Facebook and Instagram Now Have a Problem With Scam Libra Ad

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While Facebook is struggling to agree on its crypto project Libra, a wave of fake Libra accounts have come up online, including on Facebook itself. According to a report by The Washington Post on July 22, nearly a dozen fake Libra pages have circulated across Facebook and its social photo-sharing app Instagram, posing as official entities for the much-discussed digital currency. Facebook removed Libra scam pages only after alerted by Washington Post As said in the report, a number of those fake Facebook and Instagram accounts were removed on July…

Tron Price Plunges as Justin Sun Denies Money Laundering Accusations

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Tron founder and CEO Justin Sun denied illegal fundraising, porn transaction facilitation, gambling and money laundering accusations in a post on Chinese social media platform Weibo published on July 23. Chinese media accuses Tron founder of money laundering Earlier today, Chinese media 21st Century Business Herald claimed in an article that unspecified sources informed its reporters that Justin Sun is still on Chinese territory. The website also cites concerns over alleged pornography-related transactions in his Peiwo social media, fundraising and gambling. The outlet further suggests that Sun cannot leave the…