October 28, 2019

Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US

October 28, 2019 boss

Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States. On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise $400 million, while planning to be listed on the Nasdaq under the ticker CAN. Canaan reportedly filed a $200 million IPO draft request with the U.S. regulators in July, but the formal F-1 form was not made public until today. If successful, Canaan, which is one of the three major Chinese…

CME Bitcoin Futures Chart Posts Another Gap to Fill Near $8,900

October 28, 2019 boss

After a massive 42% price spike starting on Oct. 25, Bitcoin (BTC) looks like it has settled into a new range, at least for the time being. Sitting near $9,460 at press time, the future looks brighter for Bitcoin compared to when its price floated around $7,500, as long as the asset can hold current levels and press forward. Bitcoin, however, also posted another gap on the Chicago Mercantile Exchange’s (CME) BTC futures chart, indicating a possible drop ahead. Daily crypto market data. Source: Coin360 The CME launched its cash-settled…

Paxos Launches Settlement Platform for Equity Securities After SEC Relief

October 28, 2019 boss

Paxos Trust Company announced today that it is set to introduce its Paxos Settlement Service for a number of United States-listed equity securities. In an Oct. 28 press release, digital asset trust company Paxos stated that it is moving forward with the launch of its blockchain-based settlement platform, having received no-action relief from the U.S. Securities and Exchange Commission (SEC). The SEC letter indicated that the agency will not take any action against Paxos, which means the company can now proceed with the roll-out of its settlement platform. Two European…

Major Latin American Development Bank Pilots Blockchain for Land Registry

October 28, 2019 boss

The Inter-American Development Bank (IADB) is implementing three different blockchain pilot projects to test if blockchain technology is able to solve some of the problems of land titling and registries. On Oct. 28, blockchain startup ChromaWay reported that it is collaborating with IADB on a two-year project in Bolivia, Peru and Paraguay on an initiative called “Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry.” Chromaway, which has experience in tracking land titles in countries such as Sweden, Canada, India, and Australia, will run the pilots together with…

How Lebanon’s Economic Crisis Highlights Bitcoin’s Limitations

October 28, 2019 boss

Lebanon is far from a poster child for cryptocurrency adoption. News of Lebanese banks shuttering to prevent a bank run was met with predictable enthusiasm from the global bitcoin commentariat. People in Lebanon can no longer send foreign currencies, mainly dollars and euros, abroad. Further, due to heavily restricted banking access and limited liquidity provided by established grassroots networks, most Lebanese civilians also struggle to acquire bitcoin. Long-time bitcoiner Ali Askar, currently on the ground in Lebanon, told CoinDesk a few Telegram and WhatsApp groups for local traders have nearly…

How Lebanon’s Economic Crisis Highlights Bitcoin’s Limitations

October 28, 2019 boss

Kraken Cryptocurrency Exchange to Add Support for OmiseGo and PAX Gold

October 28, 2019 boss

San Francisco-based cryptocurrency exchange Kraken is listing OmiseGO (OMG) and PAX Gold (PAXG) tokens. According to a blog post on Oct. 28, the exchange’s users will be able to deposit, withdraw and trade both assets starting Oct. 29. Kraken will roll out trading pairs between OMG and PAXG and Bitcoin (BTC) and Ether (ETH), as well as with fiat currencies such as the euro and the U.S. dollar. OmiseGO is a finance-oriented scaling network for Ethereum and is powered by the Ethereum-based OMG token. At press time, OMG has a…

Price Analysis 28/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, TRX, XLM

October 28, 2019 boss

After last week’s volatility, traders could be anticipating that the crypto market will consolidate the gains before starting next move up. The seesaw price action over the past week has lightened up the crypto space once again. While the aggressive bulls view the sharp upside move as a bottoming signal, the bears consider the rise as a bear market rally that should be sold into. However, as traders, our goal should be to identify the trend and trade with it. Bitcoin (BTC) futures trading volume on Bakkt has surged over…

Privacy Vs. Security, Do Authorities Monitor Every Crypto Transaction?

October 28, 2019 boss

Tracking cryptocurrency transactions is getting easier for law enforcement agencies. On Oct. 16, Cointelegraph reported on how authorities in the United States successfully shut down an international child pornography site. To identify the criminals, the investigators used tools developed by analytic company Chainalysis, which helped to track the Bitcoin (BTC) wallets, used by the criminals to receive payments from customers. As authorities find more and more ways to track cryptocurrencies, criminals use new techniques, and many sites remain beyond government control. Who will win this battle and can the fight against…

Iota, Dell and Linux Developing Platform to Rate Data Trustworthiness

October 28, 2019 boss

Distributed ledger technology provider Iota, Dell Technologies and the Linux Foundation are collaborating on Project Alvarium. In an Oct. 28 press release, the nonprofit Linux Foundation announced it was forming a new project with support from several major industry giants such as Dell, the Iota Foundation and IBM. Other partners to the project include edge resource marketplace MobiledgeX and global IT firm Unisys. The project, based on code from Dell Technologies, aims to build on the concept of a Data Confidence Fabric, which establishes measurable trust and confidence in data…