Day: October 18, 2019

Poloniex Spins Out From Circle to Form New Exchange Not Available in US

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United States-based crypto exchange Poloniex is spinning out from Circle to form a new exchange that will not support trading for customers based in the U.S. New firm receives backing from Asian investment group The new independent firm, called Polo Digital Assets, will free Poloniex from its parent company Circle, the firm said in an official announcement on Oct. 18. Per Poloniex, this will allow it to focus on the needs of global crypto traders with new features, assets and services to boost its competitiveness in the market. In a…

Blizzard Bans Hearthstone Player, Blockchain Comes to Rescue

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The gaming world burst into an outrage as a result of Blizzard’s move to expel a leading professional gamer from Hong Kong, Chung Ng Wai (aka Blitzchung), from its international Hearthstone esports tournament. Hearthstone is an online game featuring collectible cards that give players certain characters and abilities for an edge against their opponents.   It was not long until Gods Unchained, a rival blockchain-based game, claimed it will give back Blitzchung all his rescinded winnings and welcome him into their tournaments.  Blitzchung was removed from the Hearthstone Grandmaster tournament he…

UK-Based Digital Exchange to Use R3’s Corda for Post-Trade Processes

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Archax, a London-based digital securities exchange, will use blockchain software firm R3’s Corda technology to manage post-trade activities. On Oct. 18, Archax announced in a press release that its post-trade processes will now run on distributed ledger technology. Archax will use a private version of Corda Enterprise within its own ecosystem. Graham Rodford, CEO of Archax, said that current post-trade processes in traditional financial markets involve many intermediaries, making them highly inefficient. Rodford said that using blockchain technology will make markets more efficient. Post-trade processes occur after a trade is…

Crypto Firms Join Azure as Microsoft Fights Amazon for Market Share

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Thanks to the high computational flexibility that it offers, the influence of cloud computing on the blockchain space continues to grow. It’s less of a surprise, then, that cloud computing giants — such as Amazon, Microsoft, Oracle and Google’s parent company Alphabet — are leading the charge to merge blockchain, especially the enterprise type, and the cloud. Microsoft in particular has been actively engaging with blockchain startups that are developing blockchain solutions for the enterprise market, working with them to deploy their solutions on the Microsoft Azure cloud infrastructure. The…

Huobi Lira Onramp to Enable Crypto Trading for Turkish Users

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Singapore-based crypto exchange Huobi will launch a fiat gateway for the Turkish lira in late 2019. Huobi’s fiat onramp for lira will be the first fiat gateway launched by a global exchange, Huobi Global claimed during the opening event at the Eurasia Blockchain Summit on Oct. 18. During the inaugural event hosted by Huobi Global, the company also revealed more information about its expansion into Turkey. Specifically, Huobi unveiled the successful establishment of a local team, localized language option, mobile application, exclusive trading fees as well as a detailed strategy…

Brazil Opens A Formal Inquiry Into The Country’s Rampant Cryptocurrency Scams

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Brazilian Congressman Aureo Ribeiro, author of a bill that purports to regulate the Brazilian crypto market, requested the opening of a Parliamentary Inquiry Commission (PCI) to investigate crypto-related fraud in Brazil.  Cointelegraph got access to a document that asks for a deep investigatigation into companies like Atlas Quantum (and CEO Rodrigo Marques), Zero10, and Trader Group, among others. “Increasing interest in cryptocurrency transactions has been accompanied by a proliferation of fraud,” the document reads. “The lack of regulation and vigilance combined with high levels of abstraction, anonymity, cross-border operations, and…

CME Bitcoin Futures Sees Institutional Interest and Demand from Asia

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Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform has seen an increase in interest with the company’s physically-settled bitcoin futures product. Also read: Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash CME Group’s Bitcoin Futures Continue to Prosper Since going live with its bitcoin futures in December 2017, CME Group’s BTC derivatives has allowed individuals and organizations the…

TON’s ‘Force Majeure’ Clause — Is Telegram About to Refund Investors?

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Telegram’s grand entry into the cryptocurrency world is in limbo. After months of rumors, hype and anticipation, Telegram Open Network’s (TON) titan $1.7 billion sales round was declared illegal by the United States Securities and Exchange Commission (SEC). Just days before the Oct. 16 public token distribution, the SEC dealt Telegram a crippling blow by issuing an emergency action and restraining order. Down, but not out, Telegram is now officially postponing the TON launch date. But after a “force majeure” clause in the purchase agreement was made public, investors are…

FATF Raises Money Laundering Concerns Over Libra and Stablecoins

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Global monetary watchdog, the Financial Action Task Force (FATF), has added its voice to the growing chorus of concerns over Facebook’s Libra and other stablecoins. Mass adoption of such currencies could hinder efforts to detect and stamp out money laundering and terrorist financing, Reuters reported on Oct. 18. Managing the potential risks of mass adoption Speaking to reporters in Paris, FATF president Xiangmin Liu said that both stablecoins — and the companies behind them — would be subject to global standards on cryptocurrencies and traditional financial assets: “If stablecoins were…

Binance Clone Script-To Start Crypto Exchange Website Like Binance

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