Month: August 2019

Australian Securities Exchange Confirms It’ll Go Blockchain in 2021

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The Australian Securities Exchange (ASX) has made new partners to apply blockchain to its registry, settlement and clearing systems (CHESS) in 2021. VMware and Digital Asset step in The ASX confirmed its anticipation of delivering the CHESS replacement system by 2021, following a new agreement with NYSE-listed tech firm VMware and Digital Asset Holding (DA), according to a press release published on Aug. 26. According to the report, the ASX has signed a three-party memorandum of understanding (MoU) with the firms to collaborate on blockchain projects in Australia and New…

90% of Bitcoin Usage is Speculation — 10% Transactions, Says Luno CEO

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Marcus Swanepoel, CEO of cryptocurrency exchange Luno, says that most of its users use Bitcoin (BTC) as an instrument for investing and speculating. Transacting, however, comprises a small share of the cryptocurrency’s use cases, he explains.  Bitcoin usage: 90% digital gold, 10% digital cash Swanepoel said during an interview with CNBC published on Aug. 26, that only a small portion of its users buy Bitcoin only then to use it for transactions. Meanwhile, nearly all are either investors or speculators. He explained:  “Roughly about 90% I would put into the…

Is Bitcoin Protected as Speech Under the 1st Amendment? Experts Answer

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There is a concept that exists in the crypto space that effectively states: Bitcoin (BTC) is code, code is speech and speech is protected under United States law. We asked legal experts in digital rights, the First Amendment and crypto to comment on the statement.  The claims are based on arguments from before the days of Bitcoin, which posit software as free speech, and thus state that it should be protected by the First Amendment of the U.S. constitution. The topic was evidently first brought to public attention back in…

Top Pro Athletes Including Messi Can Earn More if Paid in Bitcoin

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Research by Messari has revealed that the top pro athletes and sports personnel can earn more if they are paid in Bitcoin which would result in rapid crypto mass adoption. One Los Angeles Chargers NFL player, Russell Okung, is pushing relentlessly for the league to adopt Bitcoin. He wants the payments for the players’ multi-million-dollar salaries to be disbursed in BTC. Currently, he seems to be football’s biggest Bitcoin advocate. He undoubtedly is bringing attention to crypto across most professional sports. Okung will host a Bitcoin event in September to…

Youngest Bitcoin Millionaire Erik Finman Invests in the Cryptocurrency Metal (MTL)

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When the 12-year-old Erik Finman bought $1,000 worth of Bitcoin(BTC)trade in the summer of 2011, he was confident that he could turn this $1,000 into a million. By 2017, his vision proved to be true as he became a millionaire. After becoming the youngest Bitcoin millionaire, Finman explored different avenues after declaring that Bitcoin is dead, including launching a satellite filled with Earth’s pop culture memorabilia in space, and now he is venturing out even further by spending all his Bitcoin holdings on a cryptocurrency launched in 2017, Metal (MTL).…

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.…