Day: August 27, 2020

India’s Stance In The Cryptocurrency Exchange Space

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India has always been placed in a different market that stands apart from the rest of the world. The spread of the market is so erratic that you cannot put all the Indian shoppers into a finite number of personas. Indian consumers are, at large, known for looking at value for money but at the same time, and it is also the home to some of the most expensive residences. This is one of the reasons why India is one of the cheapest countries for Internet data. Quite a lot…

New SEC Filing Shows Fidelity Preparing to Launch Bitcoin Fund

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The U.S. Securities and Exchange Commission (SEC) has published a new filing for a bitcoin fund, submitted by Fidelity Investments’ head of strategy and planning. Bitcoin Index Fund Filed With SEC The SEC published Wednesday a Notice of Exempt Offering of Securities (Form D) filing for a new bitcoin fund. The issuer is Wise Origin Bitcoin Index Fund I, incorporated in Delaware this year. The minimum investment for this new bitcoin fund that will be accepted from any outside investor is $100,000. Fidelity Brokerage Services and Fidelity Distributors Company will…

Baseline Protocol brightens horizons for Ethereum enterprise adoption

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As the blockchain space continues to mature, enterprises are starting to realize the technology’s capabilities. A major promise of blockchain is its ability to connect industries that typically operate in silos, bringing about new opportunities for data-sharing and increased transparency. While private blockchain networks are efficient for sharing sensitive data between network participants, public blockchain networks like Ethereum are gaining traction for organizations seeking data integrity. A report by Big Four firm Ernst & Young published in November 2019 found that the number one use case for enterprise blockchain adoption…

Dow Futures in Limbo as Fed’s Powell Kicks Off Jackson Hole Symposium

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Dow Jones futures were down slightly in the pre-market session. Federal Reserve Chairman will deliver a speech shortly that could have implications on monetary policy. U.S. jobless claims hold above 1 million in the latest week. Futures on the Dow and broader U.S. stock market traded lower Thursday morning, as investors awaited new developments on the stimulus and monetary policy fronts. Dow, S&P 500, Nasdaq Futures Slip Futures on all three major U.S. indexes traded slightly lower on Thursday. The mini Dow Jones futures contract declined 32 points or 0.1%…

Switzerland’s top online retailer completes transaction with digital franc

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Galaxus, the largest online retailer in Switzerland, could start accepting payments in a stablecoin issued by local cryptocurrency bank Sygnum. According to an Aug. 27 tweet by Sygnum, the companies have just completed an electronic commerce payment using Sygnum Bank’s stablecoin known as Digital Swiss Franc (DCHF). As officially announced, the e-commerce transaction was enabled by Denmark-based crypto payment processor Coinify. Launched in March 2020, Sygnum’s DCHF stablecoin is pegged one-to-one to with the Swiss franc, and intends to eliminate the need for card systems, reduce settlement costs and fraud,…

Delta Exchange Launches Calendar Spread on Bitcoin Futures Contracts

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Futures trading offers an abundance of possibilities for traders including leveraged trading, speculation, and the ability to create strategies that offer uncorrelated returns to the general market. Singapore based Delta Exchange, a digital asset derivatives exchange, announced today the launch of the calendar spread contracts on Bitcoin futures. In the coming weeks, Delta Exchange plans on adding calendar spread contracts on Ethereum but also on other altcoin futures. Bitcoin spread contracts will margin and settle in USDT. That means that traders will be able to deposit USDT to their accounts…

LINE expands blockchain and crypto product portfolio with two new additions

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Japanese messaging company LINE has launched a blockchain development platform called LINE Blockchain Developers for decentralized applications and services. The company has also launched a digital asset wallet named BITMAX that will allow users to centrally manage all the fungible and non-fungible digital assets they obtain from various blockchain services on the LINE Blockchain. LINE’s blockchain and crypto subsidiary LVC Corporation and Line Tech Plus announced the launch of the two products to LINE’s blockchain and crypto portfolio on Aug. 26. Through the web-based blockchain development platform, the company aims…

Belarus crackdown has tech firms restless

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A political crisis, mass detention of peaceful citizens and internet blocking in Belarus are hitting the country’s IT sector hard. Amid this social turmoil, some companies are moving their offices and servers abroad, others are using VPN services, while some are advising their customers to buy cryptocurrencies.  What is happening in Belarus, a country that just a couple of years ago was considered to be a favorable jurisdiction for IT and cryptocurrency projects? And how is digital technology helping its people regain their social and economic freedom? A failed Silicon…