Day: September 12, 2019

Ferrum Network – Big update

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In the beginning, if you are not familiar with Ferrum yet here is a short note from their whitepaper. What is Ferrum Network? Ferrum Network is a high-speed interoperability network built for real-world financial applications. It is comprised of two interconnected elements a DAG-based interoperability network that can connect to nearly any blockchain enabling peer-to-peer transactions of any digital asset in milliseconds, and the vertically integrated financial applications running on the network that allows users to buy, sell, transact, exchange and store any digital asset without taking custody of those…

Bitcoin Jesus Drums Up BCH Interest With Bitcoin Cash Futures

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Roger Ver-owned Bitcoin.com is reportedly pushing to list a Bitcoin Cash derivative.| Source: Flickr/OFFICIAL LEWEB PHOTOS Roger Ver, AKA Bitcoin Jesus, isn’t happy with the status quo. The provocative former CEO of Bitcoin.com is looking for ways to drum up interest in his ailing collaboration Bitcoin Cash with a futures product. Ver is heavily invested in the crypto spin-off which forked off from Bitcoin in 2017 and now celebrates its second birthday. Bitcoin.com recently launched its own cryptocurrency exchange but the apparent lure of institutional money is too lucrative to…

Here’s Why China is Pushing A Central Bank Digital Currency, Not Crypto

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China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not a crypto asset. But this then leads many to question why the Chinese have been so quick off the mark. Nonetheless, details have emerged that officials seek to combat financial crime, but more significantly than that, to manage technological change…

US E-Cigarette Ban Stokes Fears Trump Could Target Bitcoin

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Bitcoin (BTC) proponents are again mulling the chances of the United States banning cryptocurrency as lawmakers move to outlaw flavored e-cigarettes.  E-cigarettes: Washington “clears market” The sudden restrictions, which both the White House and the Food and Drug Administration confirmed on Sept. 12, mean e-cigarettes will disappear from the U.S. market within a month.  Manufacturers may be able to bring back their products in the future, subject to safety tests proving they are not responsible for a reported surge in lung disease which triggered the government action. “The Trump Administration…

Bitcoin and Ether Market Update: September 12, 2019

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Total crypto market cap lost $7.3 billion to its value since Monday, September 9, and now stands at $259.4 billion. Top ten coins are mostly in red for the last 24 hours with Binance Coin (BNB) and Bitcoin SV (BSV) being the worst performers with 5 and 3.7 percent of losses respectively. At the time of writing bitcoin (BTC) is trading at $10,080 on the Bitstamp daily chart, while ether (ETH) moved down to $177 and Ripple’s XRP dropped to $0.252. BTC/USD After peaking at $10,952 on September 6, bitcoin…

France ‘Cannot Authorize’ Facebook’s Libra Development in Europe: Report

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France plans to block the development of Libra — Facebook’s proposed stablecoin payments network —  in Europe. French Finance Minister Bruno Le Maire said that the country cannot permit the launch of Facebook’s proposed cryptocurrency in Europe because the “monetary sovereignty of states is at stake,” CNBC reported Sept. 12. The report notes Le Maire’s apparently resolute stance —  delivered at the opening of the OECD Global Blockchain Policy Forum 2019 in Paris — as follows: “All these concerns around Libra are serious. So I want to say this with…

Binance to List Its New Dollar-Backed BUSD Stablecoin Next Week

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Binance’s new dollar-backed stablecoin, BUSD, created in partnership with the Paxos Trust Company, will be made available for trading on the cryptocurrency exchange the week of Sept. 16. Announced on Thursday at CoinDesk’s Invest: Asia conference, Paxos co-founder Rich Teo said: “We minted out first batch of Binance U.S. dollars. It will be made available for trading starting next week [against] a few trading pairs such as BTC and BNB.” Earlier this month, the Paxos Trust Company, which already issues its own dollar-backed and gold-backed stablecoins, obtained additional regulatory approval…

Santander Issues $20 Million End-To-End Blockchain Bond on Ethereum

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Major Spanish bank Banco Santander has issued what it claims is the first end-to-end blockchain bond.  In a Sept. 12 news release, the bank revealed that it had issued a $20 million bond directly onto the Ethereum (ETH) blockchain, where it will remain until the end of its one-year maturity. Faster, cheaper and simpler than legacy systems Santander has claimed that its use of blockchain technology for end-to-end bond issuance represents a first step towards a potential secondary market for mainstream security tokens. As the news release outlines, Santander issued…

US Politician Uses Crypto to Buy Cannabis for Tax Remittance Demo

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A Californian politician has become the first elected official to use cryptocurrency to purchase cannabis in the United States. A press release shared with Cointelegraph on Sept. 11 revealed that Berkely City Councilmember Ben Bartlett used Bitcoin Cash (BCH) and the stablecoin Universal Dollar (UPUSD) to make the purchase at Ohana Cannabis, a dispensary in Emeryville, CA. The purchase was part of a live demonstration of crypto-financial technology conducted by blockchain company Cred and the Blockchain Advocacy Coalition. The latter is a group of California-based businesses and consumers that work…

BNY Mellon Named as Transfer Agent for Bitwise’s Proposed Bitcoin ETF

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Photo: Bitwise / Twitter Bitwise has tapped into the experience of the Bank of New York Mellon. It has appointed the BNY Mellon to serve as the administrator and transfer agent for its forthcoming Bitcoin exchange-traded fund (ETF). Bitwise filed an amendment to its Bitwise Bitcoin ETF S-1 form on September 11. It then submitted the amendment to the United States Securities and Exchange Commission (SEC) on the same day. The amendment lists Foreside Fund Services as the marketing agent, BNY Mellon as the administrator and ETF custodian, and Cohen…