Month: March 2020

Blockchain Supply Chain Project Envoy teams up with KYC Hub

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Sharing is caring! The Envoy Group will now be able to onboard legacy clients onto its trade finance platform using Know Your Customer (KYC) technology from KYC Hub, to take advantage of its anti-money laundering, business verification, workflow management and know your customer solutions. ~ advertisement ~ Envoy uses blockchain technologies to bring massive efficiencies to the global supply chain and trade finance and has raised more than USD $13 million from Alcedo Digital Ventures in February 2020.   Lee Tarone, CEO of Envoy Group, said: “Trade finance cannot be truly…

Crypto Conferences Finding Ways to Adapt Amid Coronavirus Pandemic

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The number of coronavirus cases worldwide is rapidly getting close to 400,000, with many industries and businesses affected around the world. The crypto market has been no exception. Bitcoin’s (BTC) price initially reacted with a 50% drop; blockchain companies began to suggest that their employees working remotely; and crypto conferences have been either canceled or postponed. While some conferences report poor attendance and mass dropouts from panelists, others have found success in a virtual format. Crypto conference organizers and speakers shared with Cointelegraph the latest insights on what is happening…

Cartesi Launches Linux Infrastructure For Developing Blockchain DApps

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Sharing is caring! Cartesi, who claim they are the first DApp infrastructure that runs an operating system (OS) on top of blockchains, is launching their product as the simultaneously close their first round of funding. ~ advertisement ~ The company’s layer-2 solution is allegedly the first of its kind to bridge the gap between a Linux runtime environment and blockchain, giving developers the opportunity to create DApps using a vast array of mainstream software stacks. “We are excited to be launching the first-ever Linux infrastructure that runs on top of…

Forte Taps 5 New Gaming Partners as ‘Blockchain by Itself Isn’t Enough’

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Amid the increasing adoption of blockchain technology in the gaming industry, some of the world’s biggest game developers like South Korean Netmarble are partnering with blockchain gaming startup Forte Labs to streamline blockchain-powered game experiences. Forte, a known partner of major cryptocurrency firm Ripple, has just tapped five new high-profile gaming companies in line with its mission to provide best-in-class gaming experiences based on blockchain technology. All five new partners will integrate Forte’s blockchain platform into their games According to a March 24 blog post, Forte’s new game developers include…

Bybit to Roll Out USDT Perpetual Contracts

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Singapore-based crypto futures exchange Bybit has announced the addition of Tether (USDT) perpetual contracts. By adding the stablecoin to its existing futures contracts (BTC, ETH, EOS and XRP paired with USD), the exchange aims to furnish traders with greater simplicity and flexibility, as they can now hold long and short positions simultaneously to better hedge their positions. As per Bybit’s announcement, USDT can be used as the quote and settlement currency, facilitating two-way trades and granting traders exposure to underlying spot market prices for assets such as bitcoin – with…

‘Only Fools are Choosing Bitcoin’ Says Gold Bug Peter Schiff

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“Only fools are choosing Bitcoin” over gold, according to renowned gold proponent Peter Schiff. In a March 24 tweet, Schiff expressed his negative view of the intellectual capabilities of Bitcoin (BTC) investors. He wrote: “Only fools are choosing Bitcoin.  So far this year gold is up over 7%, while Bitcoin is down 3%. Gold is only 2% from its 2020 high, while Bitcoin is 35% below its 2020 high!” Schiff also pointed out that during the 2008 financial crisis, gold fell by about 25% and reached a new high in…

Why India Has the Potential to Lead the P2P Finance Revolution

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India’s cryptocurrency ecosystem has been in limbo since the country’s central bank barred banks from dealing with cryptocurrency exchanges in 2018. As of March 4, the Supreme Court of India has done away with those restrictions on crypto, allowing the second-most populous country — and the most populous democracy — a path to digital-currency freedom. The lifting of the ban by the Supreme Court will open new opportunities for India in terms of investments, the economy and the market as a whole. After the Reserve Bank of India restricted financial…

Your Favorite Privacy-Minded Browser Is Teaming Up With Binance

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Brave has partnered with Binance to bring in-browser crypto trading to its 13 million users. The Binance Widget allows Brave users to make crypto trades without leaving the browser. Branden Eich, CEO of Brave Software explained the rationale behind this partnership in an interview with Cointelegraph: “Our focus has always been on our users. This time, it’s about making crypto more usable by more people. We already have 1.6 million users who are crypto-savvy, they have signed up for the BAT Rewards Program; now they’ll be able to make crypto…

Both Kik and SEC Seek Summary Judgement in $100 Mln ICO Case

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Canadian messenger firm Kik is seeking pre-trial summary judgment in its legal dispute with the United States Securities and Exchange Commission (SEC) over the company’s $100 million initial coin offering (ICO) in 2017. On March 20, Kik submitted a memorandum of law requesting the summary judgment from the court, asserting that the SEC had failed to demonstrate that its KIN tokens comprised unlicensed securities. Kik expects legal victory with summary judgment Referring to its public sale as a token distribution event (TDE) rather than an ICO, Kik argues that its…

Bitcoin Price Gains 7% in 24 Hours as Wall Street Bets on $2T Bailout

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Bitcoin (BTC) jumped over $100 as Wall Street opened on March 24, markets broadly gaining amid hope of the United States agreeing a $2 trillion coronavirus rescue package.  Cryptocurrency market daily overview. Source: Coin360 BTC price steadies as stocks bounce Data from Coin360 and Cointelegraph Markets showed BTC/USD circling $6,700 at press time on Tuesday — up 7% on the day. Stock markets reversed Monday’s losses — the Dow Jones opened up 6.1%, while the S&P 500 was 5.3% higher. Bitcoin 1-day price chart. Source: Coin360 The week had begun…