Day: October 16, 2019

Telegram Aims to Push Out TON Launch Deadline Ahead of SEC Meeting

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Encrypted messaging service Telegram wants to postpone the launch date of its Telegram Open Network (TON) following issues with the United States Securities and Exchange Commission (SEC). According to an investor message seen by Cointelegraph on Oct. 16, Telegram told investors that it wants to push back the deadline to April 30, 2020. The launch was initially set for late October when the SEC abruptly declared its $1.7 billion dollar token offering to be illegal. Telegram raised the massive sum for its new network by selling TON’s native Gram (GRM)…

CFTC File Lawsuit Against $11M Ponzi-Like Cryptocurrency Scam

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The United States Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action against Nevada-based Circle Society. Defendants guaranteed investors 300% return On Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary options scheme.” According to the charges, the defendants misappropriated at least $11 million worth of Bitcoin (BTC) and U.S. dollars from individuals in the United States to “trade off-exchange binary options on foreign currencies…

eToro Launches Twitter Sentiment Trading Portfolio

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eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets. The tool, which is called TheTIE-LongOnly CopyPortfolio, is a collaboration between eToro and cryptocurrency analytics firm The TIE. According to The TIE, the platform’s “proprietary machine learning and language processing models ingest 850 million tweets per day, quantifying the positive and negative tone of conversations on Twitter.” The platform then leverages this data and allocates trades based “on positive sentiment, algorithmically rebalancing once per month.” The system is…

Price Analysis 16/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

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Many major cryptocurrencies were rejected at their overhead resistances which shows weakness within the market. Is a bear market developing? The crypto market has been struggling since topping out in June but this does not mean institutional interest in crypto has diminished. The Chicago Mercantile Exchange (CME) Group tweeted that customer interest in CME Bitcoin (BTC) futures remained strong in Q3 2019 compared to Q3 2018. The total increase in open interest during this period was about 61%, which shows that the involvement of institutional traders is on the rise.…

Central Banks Have Three Options for Crypto Regulations, Says Official

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Denis Beau, the deputy governor of France’s central bank, Banque de France, recently delivered comments regarding the approach of central banks to cryptocurrencies. Establish appropriate cryptocurrency regulations  On Oct. 16, Beau spoke at the Official Monetary and Financial Institutions Forum conference in London, where he discussed the role of cryptocurrency assets in today’s global financial payment system. Beau stated that the traditional bank-based ecosystem could face significant changes due to the many technological developments, such as blockchain and distributed ledger technologies, explaining: “With the emergence of so called crypto-assets […] and…

Bitstop Installs First Bitcoin ATM at Miami International Airport

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In a press release issued October 15, 2019, Miami-based fintech startup Bitstop announced that it has installed Miami International Airport’s first Bitcoin ATM. With this, customers will now be able to easily buy and sell the premier cryptocurrency for cash while traveling. Miami International Airport Gets First Bitcoin ATM Bitcoin maximalists in Miami can now put their seatbelts on as the Miami International Airport (MIA) recently received its first Bitcoin ATM, marking a giant step toward the widespread adoption of the oldest and most prominent cryptocurrency. The Bitstop Bitcoin ATM…

Swiss Federal Council Continues to Monitor Stablecoins and Blockchain

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The Swiss Federal Council is continuing to keep close tabs on global stablecoin projects and their possible opportunities and challenges. Switzerland is seen as very crypto-friendly In a press release on Oct. 16, the Swiss Federal Council stated that it was recently informed about “current opportunities and challenges associated with stablecoins” and that Switzerland will continue to monitor new digital technology developments, such as blockchain and distributed ledger technology. The Federal Council states that, while the mountainous Central European country is generally seen as very crypto-friendly and “open to innovative…

Bitcoin Is Totally Different Than Libra: Calibra Head David Marcus

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⁠David Marcus, the head of Facebook’s forthcoming cryptocurrency wallet Calibra, said that he is a fan of Bitcoin (BTC), but it is totally different than the proposed Libra stablecoin. Bitcoin is digital gold, Marcus Says In a Squawk Box interview on Oct. 16, Marcus stated that he has been looking at Bitcoin since 2012 and considers it to be akin to digital gold. When asked by Squawk Box co-host Joe Kernen if he owns any Bitcoin or other cryptocurrencies, Marcus did not answer directly but noted that he was an…

Xpring Invests in Swedish Startup to Build XRP Hardware Wallet Firmware

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Ripple’s investment arm and tech incubator Xpring has invested in Swedish cryptocurrency self-custody startup Towo Labs to build hardware wallet firmware. Xpring announced the news in a blog post on Oct. 16, stating that the startup plans to develop a new version of the XRP Toolkit and hardware wallet firmware supporting all XRP Ledger transaction types, as well as a non-custodial web interface. In a parallel announcement, Towo Labs said that the firmware will support signing cross-currency payments, escrows, orders, and trust lines, among other things. It will also enable…

Investing Just Became Private and Transparent Through AMFEIX Trading Fund

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It is now a well-known fact that cryptocurrencies have emerged as one of the prominent financial instruments for investment purposes. One particular reason for such a shift is the difference in the behavior of crypto markets compared to the conventional financial ecosystem. Digital currencies like Bitcoin, on many occasions, has exhibited a negative correlation with its price going upwards while other instruments were on a downward trend. This has enabled cryptocurrencies to carve a niche for themselves, to become a safe haven investment option. While there are plenty of positives…