CoinFlex Offers Physical Delivery of Bitcoin Futures to Asian Retail Investors

Photo: CoinFLEX / Medium CoinFlex, a Roger Ver-backed crypto exchange which was launched earlier this year on February, claims to be the first exchange in the world which offers to close futures contracts in Bitcoin to a cash settlement. Their main target is the Asian retail investors to offer them an environment which avoids price manipulation in Bitcoin. The CEO of CoinFlex Mark Lamb believes that the Bitcoin futures market needs physical settlement because of the harsh Bitcoin price manipulation: “Professional and retail traders alike are affected by price manipulation…

Bitcoin Price Has 7% Chance to Hit $20K by End of 2019, Data Claims

Bitcoin (BTC) price is only 7% likely to hit its previous all-time high of $20,000 before 2020, according to market forecasts. The latest data appearing on social media courtesy of the Twitter analyst known as Skew, highlighted the odds for investors betting on the future Bitcoin price had been slowly decreasing throughout 2019.  According to the data, which came via derivatives platforms LedgerX and Deribit, those chances of a return to $20,000 before the end of the year were 93% unlikely as of Aug. 27.  No expectation of Bitcoin price…

Craig Wright Lost Case Against Ira Kleiman, Must Give 50% of Bitcoin Mined

The latest hearing in a multi-billion-dollar lawsuit resulted in Judge Bruce Reinhart recommending 50 percent of Wright’s BTC holdings mined prior to December 31, 2013, be awarded to the estate of Dave Kleiman. Few weeks ago we wrote of how a Florida federal judge had denied self-proclaimed Bitcoin inventor Craig Wright’s motion to dismiss a lawsuit concerning the alleged theft of a huge amount in Bitcoins from a former business partner, deceased Dave Kleiman. Yesterday it got even better. Florida federal judge Bruce Reinhart proposed that Craig Wright has to…

Congresswoman Maxine Waters Is Still Worried about Facebook’s Cryptocurrency Libra

Recently, Congresswoman Maxine Waters, the chair of the US House Financial Services Committee visited Switzerland to learn more about Facebook’s Libra crypto project. Facebook has incorporated Libra in the crypto-friendly jurisdiction of Switzerland like many other blockchain-based firms and said that Libra will be issued and managed by the Geneva, Switzerland-based “Libra Association.” As a reminder, since the announcement of Libra, Facebook’s upcoming native cryptocurrency, the social media giant has been facing several obstacles from regulators. Some US Congress members even wrote an open letter to Facebook regarding the development…

Facebook Hires Lobbying Firm to Ease Regulatory Pressure on Libra

Facebook has hired a Washington-based lobbying firm to help it grapple with the negative responses sparked by the announcement of its planned Libra cryptocurrency project. According to an O’Dwyer PR report published on Aug. 26, the social media giant is working with FS Vector — a consultancy firm that specializes in regulatory compliance, public policy, and business strategy for the fintech, cryptocurrency, blockchain and financial services sectors. The FS Vector Facebook account Facebook’s lobbying registration documents filed with the United States Congress reportedly reveal that the firm is retaining FS…

Crypto Exchange and ATM Operator Admits to Money Laundering of $25 Million

According to a report from the U.S. Attorney’s Office for the Central District of California, the crypto exchange and ATM operator Kunal ‘Kumar’ Kalra – also known as ‘coinman’ and ‘shecklemayne’ – recently pleaded guilty to four counts of federal criminal charges. The 25-year old Kalra has confessed that he has been running quite a dubious business for a while now. Besides running an unregistered Bitcoin exchange, Kalra has been in the metaphorical bed with drug traffickers and other criminals. In his confession, Kalra admitted that he had agreed to…

Crypto Wallet Launches Zero-Risk Trades for 300M Telegram Users

Non-custodial and multi-cryptocurrency wallet provider Button Wallet is launching a free testing service on the Telegram Open Network (TON) in a bid to drive crypto adoption among Telegram’s 300 million users. The client application is offering a giveaway 6.6 testnet gram tokens — the native currency of Telegram’s TON blockchain platform — for users that activate its wallet, Forbes reported on Aug. 26. Onboarding a TON of people Alex Safonov — Button Wallet’s co-founder and CEO — has said the gram token giveaway aims to encourage adoption by giving users…

‘Single Window’ Crypto Exchange ShortHop Launches in 7 US States

Cryptocurrency exchange and brokerage ShortHop is now operating in seven additional U.S. states allowing its users to work with multiple trading platforms’ order books via a single window. As industry news outlet Coindesk reported on Aug. 26, ShortHop is now open in Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona and Montana. Previously, the Delaware-based service was available in California, Washington and Illinois. One exchange to trade them all Per the report, despite the fact that ShortHop’s parent company — technology provider Velocity Markets — was already registered as a…

Bitcoin Argentina, Others Partner to Develop DLT-Based Digital Identity Solution

In a bid to foster social inclusivity and improve access to quality goods and services for residents of Buenos Aires, Bitcoin Argentina, a local non-governmental organization is collaborating with NEC and IDB Lab, to develop a blockchain-based digital identity solution, according to a press release August 26, 2019. Making Life Easier with DLT IDB Lab, the innovation laboratory of the Inter-American Development Bank Group, has joined forces with Bitcoin Argentina and NEC Argentina S.A, to develop a blockchain solution that will provide a transparent and secure self-sovereign digital identity for…

Bitcoin (BTC) Price Poised For Continued Weakness

Bitcoin price struggled to gain above $10,500 and declined below $10,300 against the US Dollar. The price is currently trading in a bearish zone below the $10,350 and $10,500 resistances. There is a rising channel or a bearish flag forming with support near $10,040 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could decline sharply if there is a downside break below the $10,000 support. Bitcoin price is facing a lot of hurdles near $10,400 and $10,500 against the US Dollar. Therefore, BTC could…