Day: September 11, 2019

Nasdaq Lists New Index for Decentralized Finance Projects Called Defix

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Nasdaq’s Defix index will offer real-time tracking of crypto assets of different blockchain projects like MakerDao, Augur, Gnosis, Numerai, 0x and Amoveo. U.S. Stock Exchange Nasdaq has announced the listing of a new index that offers “real-time” tracking of blockchain projects within the decentralized finance (DeFi) segment. Dubbed as Defix, the index will track blockchain projects like MakerDao, Augur, Gnosis, Numerai, 0x and Amoveo. As per the official press release, the London-based Exante brokerage helped to launch Defix. Nasdaq has listed this Index under the ticker DEFX, which can also…

Bitcoin Price $10K Deadlock May Be ‘Shakeout’ Before New Highs: Analyst

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Bitcoin (BTC) price traded back below $10,000 on Sept. 11 as five-figure support for the largest cryptocurrency finally crumbled.  Market visualization. Source: Coin360 Bitcoin pre-halving “shakeout” theory emerges Data from Coin360 showed BTC/USD suddenly drop from $10,200 late on Tuesday, subsequently putting in a local low of $9,900 before a slight rebound.  At press time on Wednesday, $10,000 was acting as a guide rail, Bitcoin fluctuating immediately above and below the barrier.  Bitcoin seven-day price chart. Source: Coin360 The fresh downside was broadly anticipated by forecasters, who generally agreed that…

Winklevoss’ Gemini Launches Custody Product Supporting 18 Cryptos

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Gemini cryptocurrency exchange has announced the launch of its custody product dubbed Gemini Custody that will support 18 tokens letting traders transact instantly since it offers them credit. Gemini, the New York-based crypto exchange has launched an institutional-grade crypto custody solution as reported on September 10. The exchange was founded by twin brothers Cameron and Tyler Winklevoss in 2014. They have named the new solution as Gemini Custody. In a news release on Tuesday, Gemini confirmed that its newly launched custody solution will enable users to do various things. It…

Coinbase Considering Initial Exchange Offering Platform: Report

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United States-based cryptocurrency exchange Coinbase has indicated it is considering the launch of an initial exchange offering (IEO) platform. The news was revealed by Coinbase’s head of institutional sales in Asia, Kayvon Pirestani during a panel at the Invest: Asia conference on Sept. 11, crypto media outlet Coindesk reports. IEO platform could be announced within months During the panel, Pirestani reportedly revealed that the exchange believes that an IEO represents a “really interesting opportunity” for the business, stating that: “In a nutshell, Coinbase is carefully exploring not only the IEO…

Bitmain Launches New Antminers: More Power-Efficient and Higher Hash Rate

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The crypto mining giant Bitmain has recently announced that it’s going to expand its Antminer 17 series with two new Antminers: S17e and T17e. The new Antminers are designed to be more power-efficient and could hit a higher hash rate; the new mining hardware is also equipped with software that detects malicious attacks. Bitmain has revealed the specifications and selling dates for newly Bitcoin mining hardware on its website. The China-based cryptocurrency mining giant, Bitmain, has left no stone unturned to stay ahead as the world’s leading cryptocurrency mining company.…

Bear Trap? Bitcoin Price Dips Below $10K on Low Volumes

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View Bitcoin’s drop from $10,949 to $9,855 (Wednesday low) may be a bear trap, as selling volumes have dropped throughout the price pullback. A widely-tracked 4-hour chart indicator is reporting a bullish divergence and the daily candlesticks are signaling seller exhaustion. BTC could rise above $10,270, confirming a falling wedge breakout on the 4-hour chart. A wedge breakout, if confirmed, would open the doors to $10,956 (Aug. 20 high). A UTC close above that level would confirm bull revival. On the lower side, a high-volume drop below $9,855 could pave…

SMOs must “prepare for all scenarios” to maintain data flows when UK leaves the EU

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The ICO has urged businesses to “prepare for all scenarios” as it publishes dedicated guidance to help small and medium sized organisations prepare for the possibility that the UK leaves the European Union with no deal. The guidance provides the same advice previously published on how to maintain data flows, but has been produced to be more relevant and accessible to smaller organisations. The sharing of customers’, citizens’ and employees’ personal data between EU member states and the UK is vital for business supply chains to function and public authorities…

‘Never Use BitPay’ — Hong Kong Free Press Slams Bitcoin Donation Block

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Cryptocurrency payment processor BitPay faces another publicity nightmare amid claims it blocked donations to Hong Kong for several weeks. According to a complaint on social media by Tom Grundy on Sept. 11, founder of crowdfunded media outlet Hong Kong Free Press (HKFP), BitPay suddenly began failing to pass on funds from donors.  Press CEO: “Never use BitPay” HKFP has accepted Bitcoin (BTC) support since 2015. Since that time, BitPay has processed payments worth just under 15,000 HKD ($1,900). For the past three weeks, however, the company has blocked access, Grundy…

Facebook Considers Dollar, Euro, Pound, Yen as Libra Backings; Yuan Excluded

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Facebook is in new rounds of talks focused on discussing potential backings for its digital currency Libra. It was recently reported that Facebook has informed U.S. senators that it might not consider the Chinese Yuan as a potential contender for a backing of the cryptocurrency Libra. Facebook has submitted details of its discussions to a list of U.S. senators who were concerned about the possibility of Facebook adding the Chinese Yuan to its traditional currency basket for the Libra stablecoin. In the letter, Facebook has made it clear that any…

3 Key Takeaways From Switzerland’s New Stablecoin Guidelines

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Switzerland’s Financial Market Supervisory Authority (FINMA) has published a stablecoin-focused supplement to its existing guidelines for initial coin offerings (ICOs). In a news release published on Sept. 11, FINMA takes note of the steadily proliferating issuance of stablecoins since mid-2018, as well as confirming that the Geneva-based Libra Association had sought an assessment by FINMA for its Facebook’s stablecoin project under Swiss law.  “Same risks, same rules” FINMA’s introductory remarks outline that the watchdog treats stablecoins as it does other blockchain-based tokens, with a focus “on the economic function and…