Day: February 6, 2020

Ex-IOTA Dev Threatens Foundation Director With Legal Action Over $8 Million

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A co-founder and former lead developer of the decentralized network IOTA, Sergey Ivancheglo, has IOTA Foundation director David Sønstebø with a lawsuit over 25 million MIOTA (over $8.5 million). Ivancheglo announced that he is contacting his lawyers to obtain the assets from Sønstebø in a tweet sent on Feb. 2. The coins that he claims belong to him are half of the holdings of Jinn Labs, a ternary computing development firm they jointly launched: announced that he is contacting his lawyers to obtain the assets from Sønstebø in a tweet…

Chiliz And Enjin To Launch Blockchain Collectibles Using NFTs For The Likes of Juventus, Paris Saint-Germain, Atlético de Madrid and West Ham

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Sharing is caring! Chiliz ($CHZ) world leaders in blockchain-based fan engagement, today announced a collaboration with leading blockchain ecosystem developer Enjin to create branded digital collectibles for the sports & entertainment industry including creating non-fungible tokens (NFTs) for Socios.com‘s full roster – which already includes major football clubs Juventus, Paris Saint-Germain, Atlético de Madrid, Galatasaray, A.S. Roma, West Ham, Independiente, and back-to-back Dota 2 esports champions OG. Chiliz is primed to announce at least one more major partnership this month and is targeting 50 IPs by the end of 2020…

ErisX Hires Capital Markets Veteran as Chief Risk Officer

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Crypto derivatives platform ErisX has added a capital markets risk management expert to its C-suite, the company announced Thursday.  Vindhu Singh is the firm’s first chief risk officer and will report to Head of Eris Clearing Liz James. Singh will set the risk management priorities for the firm’s clearinghouse business roadmap as well as manage credit, market and liquidity risk management.  Singh joins ErisX from quantitative trading firm Hudson River Trading, where he was a business operations manager. Prior to Hudson River, Singh was chief risk officer and director of…

Uganda Targets Cryptocurrencies in Ponzi Scheme Crackdown

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Ugandan legislators are exploring the role of cryptocurrencies in connection with pyramid scheme frauds that are often found in the country, local newspaper PML Daily reported on Feb. 4. While legislators are moving forward with a proposal to criminalize Ponzi schemes, cryptocurrencies may come under fire as well. Speaking at the parliament, the State Minister of Finance David Bahati revealed that the government has established a task force to explore cryptocurrencies and their potential applications in Uganda. The task force will also focus on global industry 4.0 trends that could…

Bitcoin Explodes as Rare Bull Signal Flashes For the First Time in 10 Months

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Bitcoin was trending higher through the early European session on Thursday as a very rare bull signal flashed for the first time in 10 months. Dubbed as Ichimoku Cloud, the technical indicator turned green to identify a long-term upside trend shortly after bitcoin surged towards $9,769.70 on Wednesday. It also hinted at the imminent formation of a Golden Cross – a popular candlestick pattern that predicts an upcoming bull market. History of Ichimoku Cloud rollovers | Source: TradingShot Gains All the Way Analysts at trading signals provider TradingShot called out Ichimoku…

Fed Reserve Is Researching DLT-Based Digital Dollar, Says Governor

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The Federal Reserve is looking at whether launching its own digital currency could be an effective counter to private initiatives such as Libra. Lael Brainard, who sits on the U.S. central bank’s board of governors, said Wednesday the Fed is “conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC [central bank digital currency].” “By transforming payments, digitalization has the potential to deliver greater value and convenience at lower cost,” Brainard said in a speech delivered at…

Verdict in India Imminent, RBI Cites Warren Buffet Skepticism as Reason to Ban Crypto

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Back in April 2018, the Reserve Bank of India decided to go ahead and issue a notice prohibiting all of India’s banking and financial institutions from offering their services to crypto exchanges, companies operating within the space, and individuals seeking to explore the nascent asset class.  Following the ban, India’s crypto ecosystem was brought to its knees, with a majority of operational exchanges either folding up completely or relocating to other nations with more hospitable regulations. Additionally, the notice resulted in digital currencies being maligned across India’s investment landscape, with…

Bitcoin Price Hits $9700 in 2020, BTC Network Surpasses 500M Transactions

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The last time Bitcoin was this high was in October 2019. Now, marking a new high of $9,700 for 2020, Bitcoin has provoked hot discussions about possible $10,000 in the nearest future. In terms of highly volatile conditions, Bitcoin price has surprised with a new record. Bitcoin has hit $9700, marking a new high for 2020 and leading to hot discussions about possible $10,000. On February 3, Bitcoin reached just over $9,500. The next day, it traded slightly below $9,200 and closed at $9,171. On February 5, the price started…

Fidelity’s VC Arm Leads $13M Series A for Blockchain-Based B2B Network Clear

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Clear, the provider of a settlement system that uses blockchain to facilitate cross-border B2B trading, has finalized a $13 million Series A investment round. The Singapore-based startup said Wednesday the round had been led by Fidelity’s investment arm, Eight Roads (formerly Fidelity Ventures). The venture subsidiaries of telecommunications companies Telefonica, Deutsche Telekom, Hong Kong Telecom (HKT) and Singtel also participated in the raise. Clear says it can reduce friction in complex global business trade, which was valued at $150 trillion in 2018, with blockchain technology. There is an “unbelievable amount…

Fidelity’s VC Arm Leads $13M Series A for Blockchain-Based B2B Network Clear

boss

Clear, the provider of a settlement system that uses blockchain to facilitate cross-border B2B trading, has finalized a $13 million Series A investment round. The Singapore-based startup said Wednesday the round had been led by Fidelity’s investment arm, Eight Roads (formerly Fidelity Ventures). The venture subsidiaries of telecommunications companies Telefonica, Deutsche Telekom, Hong Kong Telecom (HKT) and Singtel also participated in the raise. Clear says it can reduce friction in complex global business trade, which was valued at $150 trillion in 2018, with blockchain technology. There is an “unbelievable amount…