Day: April 21, 2020

Celo Developer Bootcamp Announces 18 Finalists From 15 Countries

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Open-source payments network and Libra rival Celo has announced 18 finalists spanning 15 countries from its CeloCamp blockchain accelerator program hosted in partnership with digital events company Upright. The program, launched during mid-February, comprises an eight-week virtual boot-camp intended to stimulate app-building on top of the Celo blockchain prior to its launch. The teams are competing for $21,000 in prizes — with the winner receiving $10,000, the runner-up getting $5,000, and three teams chosen by public voting set to receive $2,000 each. The camp will provide the teams with mentorship…

Sex Tech Announces First VR Event on Blockchain Security

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Panelists from sex technology industries will gather in virtual reality on April 23 to discuss the impact of safety in the sex industry when it comes to blockchain. The notice posted to Eventbrite UK says the event will address the way blockchain technology impacts payments to sex workers, records consent between partners, and documents sexual harassment. “By design, blockchain is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. How anonymous is our sex history on blockchain? Are we protected…

Ripple (XRP) Relatively Bearish; Here’s Key Support Turned Resistance

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Ripple is down more than 5% and it broke the key $0.1850 support against the US Dollar. XRP price is correcting losses, but upsides are likely to remain capped near $0.1850 or $0.1880. Ripple price is showing bearish signs below the $0.1880 pivot level against the US dollar. The previous key support near $0.1850 is likely to act as a major resistance. There is a connecting bearish trend line forming with resistance near $0.1915 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could retest…

CFTC Approves New Cryptocurrency Derivatives Platform — Bitnomial to Offer Regulated Bitcoin Futures

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The U.S. Commodity Futures Trading Commission (CFTC) has approved a new bitcoin derivatives trading platform. Bitnomial Exchange will list margined and physically delivered bitcoin futures and options. Besides Bitnomial, the CFTC has only approved a handful of other platforms to offer bitcoin derivatives trading, such as CME, Cboe, and Bakkt. CFTC Approves New Bitcoin Derivatives Exchange The CFTC announced Monday that it has issued an order granting Chicago-based Bitnomial Exchange status as a designated contract market (DCM), effective on the same day. The U.S. top derivatives regulator explained that after…

Ethereum Dives 7% But This Variable Can Trigger A New Rally

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Ethereum is down around 7% and it broke the $175 support area against the US Dollar. ETH price could correct further, but there are many key supports, starting with $165 and $160. Ethereum is currently correcting lower from the $185 swing high. The price traded below the key $175 support to start a short term downside correction. There was a break below a key contracting triangle with support near $178 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is likely to find a strong buying interest…

Japan STO Association Releases New Regulatory Guidelines

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The Japan Security Token Offering Association (JSTOA) has just released self-regulatory guidelines on how to separate customer assets and electronic record transfer rights. Available on the JSTOA website on April 20, the association attributes the guidelines to the revisions of the country’s Financial Instruments and Exchange Act (FIEA), passed by the Japanese House of Representatives and set to be enforced starting May 1. At a meeting including employees and the Board of Directors, the association laid out the rules for electronic record transfer rights and management of customer assets, among…