Day: November 12, 2019

China’s Central Bank Executive: ‘Controllable Anonymity’ with State’s Digital Currency

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As China moves forward towards the launch of the digitized version of its traditional currency, investors and financial authorities all over the world closely monitor and assess its implications for the general public. With worries of surveillance and abuse in mind, the head of the People’s Bank of China’s digital currency research institute Mu Changchun stressed that the digital currency is not intended to empower the state to control private information of the public. Instead, it will function to mitigate security issues by providing the Chinese government the tools to…

HTC Launches Limited Run of Smartphone With Crypto Exchange Binance

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Taiwan-based smartphone maker HTC will launch a limited edition of the Exodus 1 featuring services by major global crypto exchange Binance. The Binance Edition Exodus 1 supports the Binance public blockchain, Binance Chain, as well as its decentralized counterpart Binance DEX, the firms announced Nov. 12. Exodus 1’s native crypto wallet is integrated with Binance DEX HTC and Binance announced the news at a Binance Super Meetup in Singapore attended by Binance CEO Changpeng Zhao and CFO Wei Zhou, according to a press release shared with Cointelegraph. The Binance Edition…

Binance Exchange Is First Client for Paxos’ New Dollar Gateway

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Regulated blockchain company Paxos has launched a product allowing crypto exchange customers to more easily fund their accounts with traditional money. With its new Fiat Gateway service, Paxos said Tuesday that users will be able to execute simple swaps between U.S. dollars and stablecoins, including the firm’s own Paxos Standard (PAX). Notably, Binance, the world’s largest cryptocurrency exchange by trading volume, will be the first to integrate the product. The firm will also have its stablecoin, Binance USD (BUSD), included in the swap options. “Paxos is a trusted partner that keeps…

Bitcoin (BTC) Price Primed To Extend Losses Below $8.5K

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Bitcoin price is declining and it is now trading below the $8,800 level against the US Dollar. The price is trading with a bearish angle and it is likely to tumble below $8,600 and $8,500. Today’s key bearish trend line is active with resistance near $8,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). A clear break below $8,600 is likely to push the price below $8,500 and $8,450. Bitcoin price is setting up for another dive below $8,600 against the US Dollar. BTC could even…

Alibaba Subsidiary Ant Financial Tests Its Enterprise Blockchain

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The financial technology subsidiary of Chinese e-commerce giant Alibaba, Ant Financial, started testing its enterprise blockchain platform. According to local news outlet Sina Finance on Nov. 12th, the senior director of technology and business innovation at Ant Financial, Jieli Li, announced the development at the World Blockchain Summit at Wuzhen. The firm’s plans to launch its own blockchain platform were first reported in September last year. During the event, Li said that the platform — dubbed Ant Blockchain Open Alliance — will go live three months after the testing period.…

Bitcoin Mining Firm Canaan Creative to Launch Its IPO Next Week on Nasdaq

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Failing to go public on the China and Hong Kong exchanges, Canaan now will make its public listing through the Nasdaq platform. Canaan Creative, the Chinese Bitcoin mining company is all set to go public by listing its shares on the Nasdaq trading platform next week on November 20. As we have already reported, Canaan filed for its U.S. IPO on October 28, with Galaxy Digital, Credit Suisse, Citigroup and four other underwriters. Canaan is one of the biggest rivals of Bitmain in the crypto mining space. As per the report,…

Real Estate Developer Sells New York Condo for $15.3 Million in Bitcoin

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Ben Shaoul, a real estate magnate based primarily in New York City and the president of Magnum Real Estate Group, has sold a condo for $15.3 million all payed in Bitcoin(BTC)trade. The residential property located in Manhattan at the Upper East Side and was purchased by a Taiwanese buyer. Magnum Real Estate group represented the landlord who intends on converting the rental of 389 East 89th Street into complete condos for sale. The property sold earlier this month is part of this chain, standing at 11,400 square foot space. According…

Ho Chi Minh City to Develop Blockchain Regulations for Smart Cities

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Ho Chi Minh City will develop a blockchain-oriented regulatory framework for the development of smart cities.  Tran Vinh Tuyen, Vice Chairman of the Ho Chi Minh’s People’s Committee, announced the news during the sixth annual international conference of Saigon High-Tech Park (SHTP), Viet Nam News reports Nov. 11. At the same event, the SHTP, an incubator for high tech businesses, signed a memorandum of understanding with South Korea’s CBA Ventures to promote the research and application of blockchain technology. Le Bich Loan, a senior exec at the Saigon Hi-Tech Park’s…

Regulated Swiss Crypto Bank SEBA Opens Doors

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Switzerland-based cryptocurrency bank SEBA has launched its services for professional investors and enterprise clients, according to an official news release published on Nov. 12. As reported, SEBA Bank AG (formerly SEBA Crypto AG) is a fully-regulated institution, having secured a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August of this year. A fully-fledged, regulated crypto bank According to the announcement, the bank’s services are now fully operational for a range of prospective clients, including corporates, asset managers and professional private investors. SEBA will…

Unilever, O2 and Sky Join Blockchain Pilot for Digital Ad Transparency

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Unilever, O2 and Sky are among the latest big firms to sign on to Jicwebs’ blockchain pilot program designed to improve trust and transparency in digital advertising. The news was revealed in a Nov. 12 report from United Kingdom-based industry magazine Campaign. Industry involvement Jicwebs — an acronym for the U.K. digital ad trading standards body, the Joint Industry Committee for Web Standards — first announced its blockchain pilot initiative in May 2019.  It counts the participation of major global media agencies Zenith, OMD UK and Manning Gottlieb OMD, who…