Day: September 23, 2019

No Rush to Pass Fintech Laws: Philippine Senator Grace Poe

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Philippine Senator Grace Poe said that local lawmakers should not be in a hurry to pass financial technology (fintech) regulation. Local news outlet Rappler reported on Sept. 23 that Poe made her remarks after a hearing by the Senate Committee on Banks, Financial Institutions and Currencies. She said: “To most of our countrymen, this is alien to them, but in fact some of them have been availing of it through online lending. And without the proper information and education, a lot of them are actually victimized.” A field that needs…

Blackstone CEO Brands Blockchain as Interesting, Promises to Never Purchase Bitcoin

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Stephen Schwarzman, CEO of investment firm Blackstone, has offered his thoughts on the euphoria regarding blockchain and bitcoin. Schwarzman labeled bitcoin an ‘odd’ investment but admitted that the notion of a blockchain is quite interesting and sound, as reported by Forbes, September 22, 2019. Another Banking Veteran Against Bitcoin It comes as no surprise that the CEO of one of the largest investment firms in the legacy financial system thinks Bitcoin is odd, and not a sound investment. However, Schwarzman did admit that he has no interest in Bitcoin because he…

3 Reasons Why Today’s Bitcoin Product Launch Is a Big Deal

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Following the launch of Bakkt’s Bitcoin (BTC) futures, the company listed three reasons why the event is an important milestone for the industry. In a statement on Sept. 23, Bakkt CEO Kelly Loeffler emphasized that the successful launch of Bakkt Bitcoin Futures contracts is the first time when United States-regulated physically-settled Bitcoin futures became available. Loeffler pointed out that the sole fact that such a product now exists may matter more than the precise details of the initiative. Loeffler: Regulated markets accelerate the adoption of digital assets Stressing that the…

Bitcoin Trading on ICE’s Bakkt Futures Platform Breaks $290,000 Barrier

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Earlier today, Bakkt announced the live trading for its much-awaited Bitcoin Futures contracts. Bakkt Bitcoin Futures Contracts come with daily and monthly settlement periods along with its safe custodial solution called the Bakkt Warehouse. Bakkt Bitcoin Futures are now actively trading on ICE Futures U.S., while the Bakkt Warehouse continues to onboard bitcoin We take our customers’ trust seriously, and are excited to serve this market — Bakkt (@Bakkt) September 23, 2019 Bakkt entry to the Bitcoin market has not been a big-bang event as many might have expected! At…

Suspects of the EtherDelta 2017 Crypto Heist Arrested and Indicted

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The crypto community was brought down to its knees in late 2017 when a massive crypto heist was performed on a then-presumed unhackable crypto exchange platform, EtherDelta. Thankfully, two suspects were captured in relation to the case. The suspects, Anthony Tyler Nashatka and Elliot Gunton, allegedly carried out the crypto heist by successfully replacing EtherDelta’s original website with another website identical, only a fake. According to the indictment released by the California district court, the alleged suspects bought the contact details of the founder and operator of EtherDelta, “Z.C.” or…

J.P. Morgan’s Blockchain Fueled Cross-Border Payments IIN Grows to 300+ Banks

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Crypto Exchange Giant Binance to Launch US Trading Tuesday

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Binance.US, the American arm of cryptocurrency exchange giant Binance, has announced it will start trading fiat-crypto and crypto-crypto trading pairs on Tuesday. The trading platform will list seven cryptocurrencies immediately upon the launch, including bitcoin, Binance coin (BNB), ethereum, XRP, bitcoin cash, litecoin and Tether’s USDT. Binance.us also revealed it will soon open deposits for another five assets: cardano (ADA), basic attention token (BAT), ethereum classic (ETC), stellar’s XLM and 0x. Last Wednesday, the new exchange started to open for registration and deposits, but did not disclose a specific date for…

Binance Lists Tezos With 3 XTZ Pairs — CEO Hints at Staking Soon

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Binance CEO hinted at staking Tezos (XTZ) as the major crypto exchange listed the cryptocurrency for trading on its platform. XTZ deposits are now live On Sept. 23, Binance officially announced the listing of Tezos, launching three new trading pairs featuring the major cryptocurrency Bitcoin (BTC), top stablecoin Tether (USDT) and Binance’s native token Binance Coin (BNB). Following the announcement, users can start depositing Tezos on their accounts, while the launch of trading is scheduled for launch on Sept. 24, the exchange announced. CZ hints at staking Binance CEO Changpeng…

IBM Says It’s Open to Working With Facebook on Libra Crypto

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Technology behemoth International Business Machines (IBM) is open to working with Facebook on its Libra stablecoin, CNBC reported on Sept. 23. IBM’s general manager of blockchain services Jason Kelley said that the company is looking to spur collaboration in the space, noting that “blockchain is a team sport.” He also highlighted the firm’s openness to the idea of collaborating with Facebook: “Our clients are ready to work with [Facebook] and we’re ready to work with all of them to bring it together.” Tokenization, not cryptocurrencies IBM has created its own…

Devs Remove BIP70 Payment Protocol From Bitcoin Core’s Default Settings

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Cryptocurrency advocates have recently discovered that Bitcoin Core (BTC) developers are planning to disable the payment protocol BIP70 supported by default in the Bitcoin Core version 0.19.0 client. According to developer discussions, full BIP70 support might be removed by version 0.20.0. Also read: How Merge Mining and Anchored Blockchain Projects Capitalize on Bitcoin’s Security Model Bitcoin Core Developers Remove BIP70 Payment Protocol From Version 0.19’s Default Settings There’s been a lot of discussion this week regarding the payment protocol BIP70 used by the cryptocurrency payment processor Bitpay. According to a…