Day: September 23, 2019

Kik Shutting Down Popular Messaging App Due to ICO Legal Battle

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Disclaimer: This report previously stated that Kik was only considering shutting down its app and has been updated following new information from Kik. The Canadian social media and messaging app company Kik is considering shutting down its popular Kik messaging app. 70 reported layoffs at Kin subsidiary  In a Sept. 23 article, Israeli tech publication CTech Calcalistit cites two anonymous sources at Kik, claiming that the Canada-based firm is considering closing down its messaging app.  A subsequent blog post by Kik CEO Ted Livingston confirmed the reports, stating that the…

NBF Bank Dubai Signs to RippleNet for Cashless Economy…

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While the worlds financial and banking elites attend this year’s SWIFT hosted Sibos event, Ripple is at it again with another huge signing. The National Bank of Fujairah has headquarters in Dubai in the UAE, anyone who has visited will tell you it is spectacular in opulence and wealth. With the mass spreading of Blockchain technology, NBF is utilising the benefits of Ripple-Net to provide frictionless experience for sending and receiving money globally and is working with other banks to implement Ripple in 2019. National Bank of Fujairah Avid XRP…

Coinshares Urges Customers to Fight UK Regulator’s Ban on Crypto ETNs

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The United Kingdom’s Financial Conduct Authority (FCA) is proposing to ban cryptocurrency exchange-traded notes (ETNs) — but Coinshares, a U.K.-based regulated public exchange, disagrees with that proposal. Claims of insufficient evidence  In a Sept. 23 letter on its website, Coinshares claimed the FCA has not provided enough evidence to justify the proposed ban on crypto ETNs — warning its customers that they will no longer be able to trade such products if the ban is approved. The company added:  “We believe that the FCA has not provided sufficient evidence to justify the…

Consensys-Backed Identity Platform Partners With PwC

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ConsenSys-backed identity management protocol uPort has entered a partnership with Onfido and PwC to develop blockchain-based identity management in the financial services sector in the United Kingdom.  In a Sept. 23 announcement, Ethereum-based digital identity platform uPort said that it was partnering with ID management firm Onfido and Big Four auditing firm PwC to develop a pilot for decentralized identity management.  The three firms are exploring how portable identity verification can improve the sign-up process for customers and reduce compliance costs for financial companies. PwC exec Mike Kennelly said: “It…

SIX Swiss Exchange Postpones Launch of Blockchain-Powered Digital Exchange

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Switzerland’s principal stock exchange, SIX Swiss Exchange, has postponed the launch of its “fully-regulated” cryptocurrency exchange SIX Digital Exchange (SDX). As Reuters reported on Sept. 23, a spokesperson familiar with the situation said that SIX moved the full launch of SDX to the end of 2020 primarily due to legal and regulatory issues. The exchange is reportedly still in negotiations with partner banks, the services of which it will offer on the platform. The spokesperson said: “Future releases will offer more functionality, with a particular emphasis on asset servicing, in…

Boerse Stuttgart Launches Regulated Digital Exchange

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As of today, the newly launched Boerse Stuttgart Digital Exchange (BSDEX) is available to select users in Germany. Fully regulated under the German Banking Act In a Sept. 23 press release, the Boerse Stuttgart Group — Germany’s second-largest stock exchange — announced that trading has started on its newly launched digital asset exchange platform, Boerse Stuttgart Digital Exchange (BSDEX). The exchange, which is regulated under the German Banking Act, will initially allow users to trade the euro/Bitcoin (BTC) pair. BSDEX is currently available to a select group of German investors…

Major Coins Trading Sideways, Bitcoin Deepens Under $10,000

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Monday, Sept. 23 — Major cryptocurrency markets are reporting mixed signals today, with Bitcoin (BTC) being slightly bearish following the launch of Bakkt’s physically delivered Bitcoin futures. Market visualization. Source: Coin360 The leading digital currency Bitcoin is down by 1.55% on the day to trade at around $9,813 at press time. During the day, BTC has been trading in a narrow corridor between $9,788 and $10,097, which are the lowest and highest price points of the coin over the day. As Cointelegraph reported in a dedicated analysis earlier today, if…

Inverted Bitcoin Price Chart Is Bear Market Bottom Flipped Upside Down

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During periods of times when assets consolidate and price action becomes exceptionally confusing, some crypto analysts will occasionally flip their Bitcoin price charts upside down in an to attempt to remove any preconceived bias from their technical analysis. One prominent crypto analyst has done just that, and Bitcoin’s current price action in inverse appears visually and structurally similar to the December 2018 bear market bottom, which could suggest that the current price action is a rally top and a powerful drop may be coming in the days ahead. Inverse Bitcoin…

Price Analysis 23/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA

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Will the launch of Bakkt boost Bitcoin prices? What do the charts project? Let’s analyze the charts. The long-awaited launch of Bakkt has seen a lukewarm response as only 63 Bitcoin (BTC) contracts have been traded as of press time. This is not unexpected because Bitcoin has been range-bound for the past few weeks, hence, institutional traders will not be in a hurry to initiate positions. They are likely to wait and watch for a few days and then jump in.   Bakkt CEO Kelly Loeffler said that the launch of…

Bitcoin Cash Acceptance and Community Growth Ramp Up

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Bitcoin Cash (BCH) adoption continues this week as there’s been a slew of announcements associated with BCH acceptance and activism. For instance, a massive electronic billboard in the middle of Tokyo displayed a huge BCH symbol indicating that Japan’s largest luxury watch and jewelry shop, Gem Castle Yukizaki, now accepts bitcoin cash at all 15 locations. Also read: Devs Remove BIP70 Payment Protocol From Bitcoin Core’s Default Settings Livenpay Supports Bitcoin Cash BCH proponents take pride in spreading adoption and during the third and fourth weeks of September, there’s been…