Day: February 3, 2020

Crypto Tycoon Winklevoss Brothers Obtain Six Stablecoin Patents

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Tyler and Cameron Winklevoss, the founders of the Gemini cryptocurrency exchange, have obtained six stablecoin-related patents, according to filings with the United States Patent and Trademark Office.  Three of the patents — the first, second and the fifth on the list — all  describe systems for changing the supply of a public blockchain-based stablecoin. The first patent describes how trusted third parties such as exchanges or banks can generate the asset, also on-demand. Stablecoins as a part of traditional finance Two of the patents — the third and sixth on…

Millionaire Bitcoin Whale on Bitfinex Not Convinced of Crazy 46% Rally

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Over the past month, Bitcoin (BTC) has exploded higher. The leading cryptocurrency, after bottoming at $6,400 in the middle of December, has surged by nearly 50%, surging as high as $9,550 last week. Despite this, there are some that are currently skeptical of the ongoing rally. One such (claimed) skeptic is J0e007, the most profitable trader on Bitfinex’s leaderboards. Who is J0e007? If you’ve been on Crypto Twitter at all over the past few months, you likely know of “J0E007,” spelled with a “zero” not with an o. Just a…

You Can’t Separate Utility from Security Tokens, Say EU Researchers

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European researchers writing for the Oxford University Faculty of Law blog argue that the distinction between utility and security tokens is less important than most assume when it comes to regulation.   In a Feb. 3 blog post and their paper, “Blockchain Startups and Prospectus Regulation,” Dmitri Boreiko, Paolo Giudici and Guido Ferrarini claim that the conceptual difference between the two types of crypto-assets “should be at least partially abandoned.” Dmitri Boreiko is an assistant professor of corporate finance and the Free University of Bolzano-Bozen, where Paolo Giudici is a professor…

Jack Dorsey Enables Bitcoin Emoji on Twitter Posts

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Twitter has activated a new bitcoin-branded hashtag, with founder Jack Dorsey calling for it to become part of the universal web standard. Dorsey announced Sunday that Twitter users could now use the bitcoin symbol as an emoji, appearing automatically after “#bitcoin” or “#btc”. His tweet also tags the Twitter account for Unicode – the computer text and emoji standard for the internet – possibly pushing for the administrating consortium to introduce an emoji that can be used across all web platforms. So far, the branded bitcoin hashtag works only for…

New Bitcoin Treasure Hunt Dubbed SatoshiQuest Introduced on Minecraft

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Minecraft players can now earn Bitcoin through its new treasure hunt server called the SatoshiQuest. This new Minecraft server puts players on a treasure hunt to search for hidden Bitcoin. Players will have to pay $1 for each new life, the proceeds of which will eventually go to the winner. The developer of the game said that the objective is simple. While signing up to the platform, the players will receive a wallet address wherein they can deposit $1 worth BTC. With this deposited amount, players can now purchase one…

Volatility ‘Coming’ as BitMEX Hits $1B Open Interest

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Bitcoin (BTC) futures are fast becoming the darling of institutional investors as open interest spikes 60% since the start of 2020.  Data from monitoring resource Skew Markets shows that open interest across major futures offerings from exchanges now stands at more than $4 billion.  BitMEX, OKEx futures open interest passes $1B Over half of that stems from two companies — derivatives giant BitMEX and crypto exchange OKEx — both of which now have open interest in excess of $1 billion.  Bitcoin futures open interest (exchanges only). Source: Skew Markets On…

Indian Government Policy Think Tank Releases National Blockchain Strategy

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A policy think tank of the Indian government, NITI Aayog, has released its national blockchain policy draft paper dubbed “Blockchain — The India Strategy” which explains different use cases of blockchain in India along with some conclusions from ongoing pilot projects.  NITI Aayog was established with the aim to achieve sustainable development goals by fostering the involvement of state governments of India in the economic policy-making process. Strategy presents a two-part plan The strategy document targets stakeholders such as government, enterprise leaders and citizens with the aim of demystifying the…

Singapore Clears Securities Token Platform iSTOX for Full Trading

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The Monetary Authority of Singapore (MAS) has greenlit a tokenized securities trading firm for full operations within the city-state. Announced Monday, iSTOX has graduated from the Singapore central bank’s fintech regulatory sandbox and is set to be one of the first securities token platforms that is licensed as a capital markets services provider, said the platform’s operator ICHX Tech. The platform will provide both retail and institutional investors with issuance, custody and trading services for digitized securities. One of the firm’s goals is to open certain parts of the financial…

Bitcoin, Ether, and XRP Weekly Market Update February 3, 2020

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The total crypto market cap added $23 billion to its value for the last seven days and now stands at $261.6 billion. The top 10 currencies are all in green for the same time frame with Cardano (ADA) and Litecoin (LTC) gaining 27.4 and 26.4 percent respectively. By the time of writing Bitcoin (BTC) is trading at $9,390 while ether (ETH) moved up to $190. Ripple’s XRP is trading at $0.252. BTC/USD Bitcoin made an unexpected jump on Sunday, January 26 and moved up to $8,597 adding 3.3 percent to…

The Last Time Bitcoin Showed This Formation, It Dropped to $6,000

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The bitcoin price rejected $9,500, a multi-year resistance it has been teasing with throughout the past two weeks. The last time it rejected at this level in a similar pattern, it dropped to the $6,000s. Current fractal akin to 2018 price trend of bitcoin In the first half of 2018, the bitcoin price struggled to recover following its correction from $11,500. It stayed within a range in between $6,500 and $9,500 for seven months, rejecting every attempt to break out of the $9,500 resistance level. Bitcoin price trend in February…