Day: August 26, 2019

CoinFlex Tackles Cryptocurrency Price Manipulation with Physically-Settled Bitcoin Futures

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CoinFlex, a Hong Kong-based exchange that offers physically-delivered Bitcoin and Ether futures contracts, says it’s determined to do all it takes to help Asian retail traders to avoid falling victims to cryptocurrency price manipulation that is often associated with cash-settled futures contracts, reports South China Morning Post, August 26, 2019. CoinFlex Set to Take Over Asia  Per sources close to the matter, CoinFlex, a crypto futures exchange that went live earlier in February 2019, has revealed plans to ramp-up its business to enable it to cater to the needs of…

Manchester City FC Reveals New Partnership to Tokenize Its Players

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English Premiere Leage football club Manchester City (Man City) has announced a partnership with South Korean blockchain football gaming startup Superbloke. Fans can support players through blockchain Under the partnership announced by Man City on Aug. 26, Superbloke incorporates the club’s players into its blockchain-powered soccer game FC Superstars enabling fans to support the athletes through online gaming. Following the partnership, Superbloke becomes Man City’s official blockchain-based Gacha partner in Korea, Japan and South East Asia, as the club announced. FC Superstars is an online collectible decentralized application (DApp) where…

Firm Accused of Touting ‘Snake Oil Crypto’ Sues Conference Organizers

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A cryptocurrency firm heckled at the Black Hat hackers’ conference is suing the event organizers for failing to protect it from the audience’s barbs. Crown Sterling — which some attendees have characterized as “a piece of snake-oil cyber marketing” — filed its complaint with the United States District Court for the Southern District of New York on Aug. 22. Hackers accuse firm of “suing over booing” At Black Hat, Crown Sterling had presented its development of what it dubs “quantum AI encryption technology” — a purportedly more robust “five-dimensional encryption”…

Wallet and Custody Services Provider BitGo Adds Support for EOS

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The popular cryptocurrency service firm and wallet provider, BitGo, has announced the launch of its multi-signature wallet and custody services with EOS (EOS)trade, the world’s eighth largest cryptocurrency by market capitalization. EOS is a blockchain-based, decentralized platform aimed at developing and supporting apps on an industrial scale. Dan Larrimer has created the crypto scheme behind it and it is very similar to Ethereum (ETH)trade. The fundamental purpose of EOS is to provide easy-to-use techniques for developing dApps, facilitating instant trades and providing scalability. Using consensus on events that focus on…

English Champions Manchester City Unveils Official ‘Blockchain Gaming Partner’

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By CCN Markets: UK football club Manchester City announced a blockchain gaming partnership with South Korean sports service developer, Superbloke. The alliance is another example of the ongoing mainstreaming of blockchain, the technology underpinning bitcoin. Online gaming is mainstreaming blockchain Superbloke will incorporate Man City players into its “FC Superstars” online soccer game. The game allows users can build a digital team by trading and training Manchester City digital player cards using real-life football match stats. Manchester City signed a blockchain gaming partnership with South Korean sports service developer, Superbloke.…

English Champions Manchester City Unveils Official ‘Blockchain Gaming Partner’ – CCN Markets

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By CCN Markets: UK football club Manchester City announced a blockchain gaming partnership with South Korean sports service developer, Superbloke. The alliance is another example of the ongoing mainstreaming of blockchain, the technology underpinning bitcoin. Online gaming is mainstreaming blockchain Superbloke will incorporate Man City players into its “FC Superstars” online soccer game. The game allows users can build a digital team by trading and training Manchester City digital player cards using real-life football match stats. Manchester City signed a blockchain gaming partnership with South Korean sports service developer, Superbloke.…

Oops! GBTC ‘Drop Gold’ Campaign Perfectly Called Gold Price Bottom

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The Grayscale Bitcoin Trust (GBTC) told investors to ditch gold for Bitcoin (BTC) just before the precious metal surged. A case of bad timing for Grayscale That was the latest observation from RT host and Bitcoin bull, Max Keiser, who on Aug. 26 concluded GBTC’s dedicated Bitcoin-not-gold campaign got its timing wrong.  “$GBTC’s ‘Drop Gold’ campaign timed almost to the hour Gold’s bottom,” he summarized on Twitter. GBTC, which allows investors to gain exposure to Bitcoin without directly interacting with it, had previously rebranded its website to highlight the cryptocurrency’s…

Swiss Regulator Releases AML, KYC Guidance for Blockchain Payments

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Switzerland’s Financial Market Supervisory Authority (FINMA) has released guidance on regulatory requirements for payments on the blockchain under FINMA supervision. The new guidance for virtual asset service providers, published on Aug. 26, applies to blockchain service providers including exchanges, wallet providers and trading platforms. In its preface to the guidance, FINMA notes its adherence to the framework for digital asset regulation issued this June by the intergovernmental Financial Action Task Force (FATF).  More stringent than the FATF FINMA underscores that blockchain sector businesses cannot be exempted from the country’s existing…

Standard Chartered Warns of a High US Recession Risk, All Eyes on Bitcoin

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Financial experts and analysts are raising alarming concerns on the growing chances of US recession in the next year. Investors looking towards Bitcoin as a potential hedge. Investors and financial experts have been continuously raising concerns on an impending US recession expected over the next one year. Clive McDonnell, head of the equity strategy at Standard Chartered said that the potential of the US recession is the “biggest concern” as on date, adding that the chances of the US recession have jumped from 25% earlier to now at 40%. As…

Bitcoin Price May Stay at $10K for a While, but Watch for a Jump

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Bitcoin Price May Stay at $10K for a While, but Watch for a Jump August 26, 2019 by Ramiro Burgos Hope you’re enjoying the calm weather — the current bitcoin price lateral market could be locked around $10,000 USD for another month. Meanwhile, mathematical indicators are going down but could turnover for a great upward rally later. Read our weekly technical analysis to find out more. Also read: Bitcoin Price Hovering Round $10K, But Could Rally Again Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bitcoin Price…