Day: January 13, 2020

Power Ledger Integrates Blockchain-Based Energy Auditing in Solar Power Asset

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Australia-based blockchain energy firm Power Ledger has purchased a 250 kilowatt (kW) photovoltaic system that will utilize a blockchain-based data management and settlement system. Per a press release shared with Cointelegraph on Jan. 13, Power Ledger purchased the system from Perdaman Advanced Energy, an Australian firm that provides clean energy consulting and project development. The new system will be located in Maddington and integrate a Power Purchase Agreement (PPA) to make renewable energy trading more transparent. Transformation of the energy market “The renewable energy that the Maddington asset generates will…

Bitcoin Holding $8K as Support but What Will it Take to Break $10K?

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Bitcoin price (BTC) closed the week at $8,180 representing an 11% gain for the week after struggling to break the resistance at $7,600 for most of November and December. The price is down around 1% on Monday but the bulls have retained the $8K handle. Total market cap excluding Bitcoin was up 12.5% last week meaning that altcoins are starting to gain some market share from Bitcoin, which is impressive given BTC’s impressive week and counter to the general downtrend that has been in place since summer. Cryptocurrency market 24-hour…

Why Bitcoin Adoption May Spike if Australia’s Proposed “Cash Ban” Activates

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People could be jailed for two years and fined $25,200 just for using more than $10,000 in cash in one transaction under a new bill being considered by the Australian Parliament; if passed, the bill is likely to drive citizens away from traditional financial institutions and towards decentralized cryptocurrencies like Bitcoin. “Cash Bans” Strengthen Bank’s Grip The Reserve Bank has said the motive for the Federal Government’s $10,000 cash limit bill is to fight the “black economy,” not to get rid of cash. This claim is facing a lot of…

This Blue Chip Crypto Insurance Consortium Lacks One Thing – a Sizable Loss

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In a rare interview, London-based insurance firm Arch says a sizable but containable loss would demonstrate how well its $150M crypto storage policy would react. Only a handful of cold storage crypto policies have been written at this time; high net worth individuals are the main driver for the business. Lloyd’s of London has set up a crypto subgroup within its Product Innovation Facility which includes mega-broker Marsh. Marsh says it has a hot wallet crime cover product in the pipeline. An insurance company saying it hopes to pay a…

This Blue Chip Crypto Insurance Consortium Lacks One Thing – a Sizable Loss

boss

In a rare interview, London-based insurance firm Arch says a sizable but containable loss would demonstrate how well its $150M crypto storage policy would react. Only a handful of cold storage crypto policies have been written at this time; high net worth individuals are the main driver for the business. Lloyd’s of London has set up a crypto subgroup within its Product Innovation Facility which includes mega-broker Marsh. Marsh says it has a hot wallet crime cover product in the pipeline. An insurance company saying it hopes to pay a…

MARKETS DAILY: China Moving Closer to Digital Yuan Launch

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Whether you’re a first time listener or you’ve heard every episode, we’d like to know what you think about the show. What do you like? What you don’t like? What you think we’ve totally missed but should be talking about every day or at least every week? Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and…

CME’s Options on Bitcoin Futures Pass Regulatory Approval and Go Live

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The Chicago Mercantile Exchange (CME) has received necessary regulatory approval and has launched its new Bitcoin (BTC) futures options as of today, Jan. 13. According to the official website of CME, the new type of Bitcoin derivatives contract — Bitcoin futures options — is now live, which comes in line with the company’s plans announced in November 2019. CME’s Bitcoin futures options was subject to “regulatory approval” earlier in the day Specifically, the launch of CME’s Bitcoin futures options follows regulatory approval that the exchange received earlier today, as reported…

SEC Requests Telegram Banking Data as New Evidence Emerges

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The Securities and Exchange Commission is once again requesting that Telegram provide bank records on its Gram initial coin offering (ICO).  The timing of the request, filed on Jan. 10, coincides with new evidence of alleged underwriters requesting commission fees for the sale of Telegram tokens. The reappearance of an earlier request The request for banking data comes four days after a similar filing was declined “without prejudice” — meaning that the SEC was free to try again. Telegram challenged the request arguing that doing so would be a violation…

Price Analysis Jan 13: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, TRX

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Though several cryptocurrencies are stuck in a range, the trend is gradually turning positive. Bitcoin has seen an uptick in volumes in the new year. A report by cryptocurrency market research firm Arcane Research shows that 7-day average daily trading volume has surged 126% in a week. Along with Bitcoin trading volume, the CME Bitcoin futures contract has also seen increased activity. The Bitcoin futures open interest has skyrocketed to a seven month high, which is only behind the peak seen at the end of June.  A pick up in…

Mobile Phone Retailer Joins China’s Blockchain Land Grab With US Startup Investment

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Dixintong Technology Group, whose parent company, D.Phone, is one of the largest smartphone retailers in China, has entered the blockchain space by acquiring a minority stake in a U.S. startup called Monsoon Blockchain. The two companies confirmed to CoinDesk that the purchasing agreement was signed on Jan. 7, but declined to disclose any financial terms on the deal. However, people familiar with the matter said the deal values the blockchain startup at over $100 million. The partnership between the two companies comes at a time when China is encouraging enterprise…