Bakkt Delay Due to CFTC Concerns Over Its Planned Custody of Clients’ Bitcoin: WSJ

Much-anticipated crypto platform Bakkt’s plans to store customers’ Bitcoin (BTC) from its Bitcoin futures could cause further delay on obtaining approval from United States regulator the Commodity Futures Trading Commission (CFTC). The news was reported by the Wall Street Journal (WSJ) on March 21, citing anonymous sources. When Bakkt was first announced back in August, the platform had revealed that its first product would be Bitcoin futures that are physically delivered daily, subject to CFTC approval. Bakkt also said that it planned to hold Bitcoin on behalf of its clients…

Cardano (ADA) Spikes 13.7% in 24 Hours with Mainnet Upgrade Boost

ADA, the native token of Cardano’s open-source blockchain project, has jumped 13.7-percent since Thursday’s mid-session. At 1330 UTC, the ADA-to-dollar rate was trading at 0.058, up 7.33-percent on a 24-hour adjusted timeframe. Before that, the pair went through a frictionless upside move from an intraday low point near 0.052. After the bull flag formation, it walked horizontally for a brief during the early Asia session but picked up bullish momentum ahead of the European market open. Have a look: CARDANO’S ADA TOKEN RISES 13.7% IN A DAY | SOURCE: COINMARKETCAP.COM…

Western Union Partners With Stellar Collaborator Thunes for Mobile Wallet Transfers

Payments giant Western Union (WU) is partnering with Stellar (XLM) collaborator Thunes to enable WU clients to transfer funds directly to mobile wallets globally. The development was announced in an official press release published on March 21. Thunes is the latterly rebranded trading name of TransferTo — a cross-border payments network focused on emerging markets. TransferTo had previously partnered with open source blockchain project Stellar to trial the integration of blockchain-powered settlements into its services. According to Western Union’s press release, the partnership with Thunes will focus on enabling the…

SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips

Japanese financial giant SBI Group has created a dedicated subsidiary that will manufacture cryptocurrency mining chips, the company confirmed in a notice on March 22. SBI, which has launched spin-offs covering various aspects of the cryptocurrency industry, now says it wishes to expand its influence in the mining sector through the creation of SBI Mining Chip Co., Ltd. (SBIMC). The company will join industry stalwart manufacturers, chief among which is Bitmain, which released its latest product this week. “The SBI Group strongly promote [sic] on a wide range of businesses…

Why This Crypto Analyst Expects For Bitcoin To Fall Under $2,000

Over recent weeks, the industry news cycle has seemingly ticked positive, stakeholder sentiment is more cheery than sardonic, and the value of Bitcoin (BTC) has begun a foray to the upside. All this, coupled with the fact that trading activity has purportedly skyrocketed, has left a multitude of commentators on their toes as they eagerly anticipate a notable rally in crypto assets. Yet, some have maintained a bearish tone, relentlessly calling for BTC to go sub-$3,000. These short-term bears, who have yet to retreat into a state of hibernation, cite…

Major Crypto Exchanges Huobi Global and OKEx Launch Support for Tron-Based USDT

Two major crypto exchanges — Singapore-headquartered Huobi Global and Malta-based OKEx — have announced their support for the Tron-based version of stablecoin Tether. The developments were announced in two official announcements, both published on March 21. In early March, blockchain protocol Tron (TRX) and Tether, issuer of stalwart stablecoins USDT and EURT, announced their partnership to issue a TRC-20-based USDT — a term that indicates adherence to a technical token standard supported by the Tron blockchain. The new token is designed to be interoperable with all Tron-based protocols and decentralized…

Blockchain in Biometrics Could be Used in Travel Security, US Customs Rep Says

Using blockchain for biometric tracking would be the technology’s killer app in the travel security sector, according to a representative from the United States Customs and Border Protection (CBP) agency. The news was reported by travel industry media outlet Skift on March 21. Sikina Hasham, program manager at the CBP, made her remarks during a panel at the JetBlue Technology Ventures Blockchain in Travel Summit in New York City on Wednesday. In response to a question from panel moderator David Post — managing director of IBM Blockchain Ventures — Hasham…

Prediction Startup Numerai Raises $11 Million in ICO

American prediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, Numerai tweeted on March 21. Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the startup’s platform. Numerai founder Richard Craib said that the funds from the recent ICO will be mostly spent on hiring engineers for Erasure,…

Betting Markets Are A Potential Boon For Major Cryptos

If you’re reading here, you’re likely aware that cryptocurrencies are still looking for major footholds in the consumer world. Those who favor cryptos and are determined to put them to use as functional currencies can generally find ways to do so; this has been true for years now. However, the average consumer tends to look at cryptos now and see one of three things: a gimmick, an investment asset, or something that’s intriguing but poorly defined. There still aren’t clear avenues for using cryptocurrencies for those who aren’t actively, and…

Alleged Bitcoin Fraudster Alexander Vinnik Appeals for Extradition to Russia

Former operator of now-shuttered crypto exchange BTC-e, Russian national Alexander Vinnik, has appealed with a Greek court for his release or extradition to Russia, local media outlet Kathimerini reported on March 21. Vinnik — who is accused of fraud and laundering as much as $4 billion in Bitcoin (BTC) over the course of six years — has reportedly filed an appeal with Piraeus court for his release or extradition to Russia for humanitarian reasons. Prior to that, Russia’s Commissioner for Human Rights Tatyana Moskalkova asked both the United Nations High…