Day: March 9, 2020

Has Gender Distribution Come to the Crypto Market?

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On Dec. 4, Bitcoin (BTC) fund operator Grayscale published the results of a study that showed 43% of respondents interested in BTC investments turned out to be women. Today, half of Binance’s employees are female — and in India, women make up the majority of crypto investors. Does this mean that gender equality has come to the market? Or are cryptocurrencies and blockchain technology still a men’s business? On the eve of International Women’s Day, female representatives of the blockchain industry told Cointelegraph what attracted them to the market and…

How the Bitcoin Halving Could Affect BTC Price in the Near-Term

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Bitcoin (BTC) is trading below the $8,000 level just two months before its anticipated halving in May. However, over the past few weeks, markets have been crashing because of the coronavirus outbreak and investors have been cashing out on their digital assets, including Bitcoin. Will this impact the effect of the halving? Upcoming Halving Might Impact BTC Price Negatively Based on the current market outlook, there is a possibility that the May 2020 halving might have a negative effect on BTC price. In the 2012 and 2016 halving events, BTC…

Canada Funds Blockchain Firms Looking to Trace Steel

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Canadian authorities have approved funding of two blockchain firms, Peer Ledger and Mavennet, to create a platform that enables steel traceability, reported Ledger Insights on March 9. The Innovation, Science, and Financial Development Canada (ISED), a government initiative in charge of promoting the research and development of Canadian small and medium-sized enterprises, adopted the measure, granting both companies CAD $150,000. Strengthening digital traceability on the steel supply chain Peer Ledger (Halifax-based) and Mavennet (Toronto-based) will be working on a proof-of-concept (PoC) prototype for digital traceability of the entire steel supply…

Libra Association Member Offers an Explanation for the Crypto Market Decline

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A prime crypto broker blames margin calls on non-crypto assets for the current crypto market slide. Marc Bhargava, co-founder of Tagomi (which has recently joined the Libra Association), shared his explanation of the current market downturn with Cointelegraph. Since Tagomi is connected with ten of the biggest exchanges and some of the biggest crypto traders, it enjoys a rooftop view of the market. Here’s how the co-founder contextualizes the recent market downturn Bitcoin is a risk-on asset Bhargava believes that crypto is not a safe haven asset, despite others saying…

OKEx #WomenInCrypto Celebrates Gender Equality and Women Empowerment on Women’s Day 2020

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The introduction of Bitcoin over a decade ago symbolized the emergence of democratic values in the financial ecosystem. It was the first attempt towards financial empowerment as well as equality of all the participants in the ecosystem where anyone, anywhere can hold and make transactions using the digital currency. The same essence has to be carried forward in the billion-dollar cryptocurrency industry as well. OKEx, the world’s largest cryptocurrency spot and derivatives exchange platform has taken a step forward by sending the message of gender equality this Women’s Day. The…

Why Future Mileage Programs Will Flow Like MiL.k

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It’s a universal truth: everyone loves free stuff. In fact, stuff that seems like it’s free – but which is actually packaged as a “reward” – is all the more loveable. Such is the attraction of frequent flyer programs which repay consumers for their continued loyalty with discounted flights and upgrades. These programs are ubiquitous, with major domestic and international carriers keen to engage and incentivize their customer base. From 2013 to 2018, the six biggest U.S. airlines revamped their mileage programs, reducing the number of miles required to purchase…

Belarus Wants Authorization to Seize Crypto from Criminals

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Amid countries increasingly auctioning Bitcoin (BTC) seized in law enforcement actions, some jurisdictions are fighting for authorization to confiscate crypto. A state authority in Belarus wants lawmakers to authorize them to seize cryptocurrencies like Bitcoin from criminals. The Investigative Committee of the Republic of Belarus, a centralized system of state law enforcement agencies, is purportedly planning to back a legal initiative that would grant them the authority to confiscate crypto. Belarus now has legal regulation that allows the Investigative Committee to seize crypto Ivan Noskevich, head of the Investigative Committee,…

$2B Deal Will Keep Crypto Bull Jack Dorsey as CEO of Twitter

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Investment management firm Elliott Management has set up a deal with Twitter to save Jack Dorsey’s role as CEO of the social media network. Following the deal closure —  which considers a $2 billion share buyback — Elliott will gain a seat on Twitter’s board of directors, NBC reported on March 9. As part of the agreement, private equity firm Silver Lake will invest $1 billion in Twitter and also get a seat on the board. Twitter’s board of directors will continue to look for a third board member. Commenting…

Robinhood Crypto and Stock Trading App Is Down Second Monday in a Row

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After experiencing a major outage last week, major stock and cryptocurrency trading app Robinhood is troubled again. Robinhood encountered another technical outage on Monday, causing its platform to halt trading services, according to a March 9 tweet by Robinhood’s support team. Robinhood partially fixes the outage after an hour of downtime  The firm announced earlier on the day: “Trading is currently down on Robinhood and we’re investigating the issue. We’re focused on getting back up and running as soon as possible and we’ll update the status page with the latest.”…

Financial Services Giant Morningstar Rates its First Ethereum-Based Security

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Financial services giant Morningstar has valued the securities of U.S. restaurant chain Fatburger — the first Ethereum-based security ranked by the firm. Forbes reported on Mar. 8 that Fatburger‘s $40 million business securitization valued by Morningstar involved securities issued on Ethereum’s blockchain. Per the report, Morningstar’s rating itself is on traditional paper debt security, the rating firm cited faster data access thanks to the transparency enhancement using blockchain. Morningstar’s credit rating arm started working on a blockchain platform for the debt securities industry in October 2019, a market estimated to…