Day: September 8, 2019

Blockchain Technology to Be Standardized by 2021

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Blockchain technology will most likely be standardized by 2021, according to American business and financial services company Moody’s. Per the research report published on Sept. 5, these standards will probably be established in the blockchain industry by 2021 and will be positive for “future securitisations using the technology.” The company claims that this could result in time and cost savings, automation and faster data availability. Blockchain interoperability to come Furthermore, Moody’s Investors Service states that the industry standards could also bring better interoperability and other operational efficiencies. Senior research analyst…

Crypto and the Latency Arms Race: Towards Speed Bumps and OTC Trading

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Max Boonen is founder and CEO of crypto trading firm B2C2. This post is the first in a series of three that looks at high-frequency trading in the context of the evolution of crypto markets. Opinions expressed within are his own and do not reflect those of CoinDesk.  The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter for institutional investors focused on crypto assets. You can sign up here. Matthew Trudeau, chief strategy officer of ErisX, offered a thoughtful response last month to a CoinDesk article about high-frequency trading in crypto. In short,…

PR: Hashcube Announces Bitcoin Mining Investment Forum in Thailand

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Hashcube, a Korean Bitcoin miner retail and mining company, is proud to present Thailand’s first ever bitcoin mining investment forum on 21st September at the Amari Watergate Bangkok. Together with large players from the crypto-industry such as Bitkub, BTC.com, Coolbitx and Cryptomind, we’re hosting an event where top industry leaders will be discussing…

Payments Processor Stripe Launches Lending Service for Online Companies

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Online payments processor Stripe announced the launch of its lending service Stripe Capital for the U.S. internet businesses. On Sept. 5, Stripe announced the launch in a blog post, noting that — once approved — access to funds is usually granted on the next day. The press release states: “Stripe Capital’s full integration with Stripe means there’s no lengthy application, eligibility is determined quickly, funds hit a user’s Stripe account the next business day, and businesses can repay as they earn. […] In addition to serving Stripe users directly, Stripe…

You Can Buy a Dream Car With Bitcoin Cash at Autocoincars.com

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Buying a new car is always a thrill. Purchasing a luxury vehicle, a roadster or a classic even more so. But such an enjoyable acquisition is usually accompanied by time consuming formalities. When all you want is to sit behind the wheel as soon as possible, these additional steps can be a nuisance for most people. Finding a dream car you can buy with cryptocurrency will certainly save you some time and effort, especially when cross-border payments are involved. You can now do that with BCH on Autocoincars.com, a platform…

South Korean Music Titan SM Entertainment to Develop Cryptocurrency

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South Korea’s biggest entertainment company SM Entertainment revealed that it will be launching its own cryptocurrency in collaboration with the tech organization CTIA Labs. SM Entertainment is popularly crowned as the largest South Korean entertainment company with an estimated annual revenue of $350 million. These figures for public introspection on the company’s official data website Crunchbase. The plan to launch a dedicated cryptocurrency was unveiled at Upbit Developer Conference recently in Incheon, South Korea. The specifics of the plans were not revealed but Sang-Sik Joo, the CEO of CTIA Labs,…

New York Regulator Greenlights Paxos to Launch Gold-Backed Cryptocurrency

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Linda A. Lacewell, Superintendent of Financial Services, confirmed that New York State Department of Financial Services (NYDFS) has allowed Paxos Trust Company LLC to offer a gold-backed virtual currency. This will be the first such virtual currency due to be authorized by NYDFS that will be backed by the gold and the dollar. Lacewell acknowledged her organization’s commitment to further innovation to ensure safety and soundness to New Yorkers and the rapidly developing financial services market. The crypto-oriented company will offer BUSD, a stablecoin that was a product of joint…

Bitcoin (BTC) Price Weekly Forecast: Downside Thrust Before Fresh Rise?

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There was a steady rise in bitcoin price above the $10,500 resistance against the US Dollar. The price is currently correcting lower after it traded to a new monthly high close to $11,000. There is a key bullish trend line forming with support near $10,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). There could be a downside correction towards the $10,100 support area before a fresh increase. Bitcoin price is trading with a bullish bias above $10,000 against the US Dollar. BTC remains buy on…

Ethereum Price Weekly Forecast: ETH Signaling Bullish Reversal

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ETH price is finding a strong buying interest near the $165 level against the US Dollar. The price is currently climbing higher and testing a major resistance area near $180 and $182. There was a break above a major bearish trend line with resistance near $176 on the 4-hours chart of ETH/USD (data feed via Kraken). There are a few bullish signs emerging, suggesting an upside break above the $182 resistance. Ethereum price is showing positive signs against the US Dollar, while bitcoin is rising. ETH might surge once it…

Crypto News From Japan: Sept. 2–8

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Japan, one of the leading markets for cryptocurrencies, has seen a series of important developments for the cryptocurrency and blockchain industries this week. The country’s financial regulator, the Financial Services Agency (FSA), has licensed crypto-related businesses. Japanese Deputy Prime Minister and Finance Minister Taro Aso noted that regulators need to find new approaches to address emerging technologies like cryptocurrencies and blockchain. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Japan. Deputy Prime Minister addresses regulation approaches On Sept. 5, Minister Aso…