Circle Moves Exchange Operations Offshore With New Bermuda Office

Due to mounting regulatory pressures in the United States, the crypto company Circle is moving the majority of its exchange operations offshore. Circle announced Monday it received a full Digital Assets Business Act license in Bermuda for its crypto exchange Poloniex. Circle CEO Jeremy Allaire told CoinDesk that 70 percent of Poloniex users hail from beyond the U.S. and the new Bermuda-based entity will handle those accounts from now on. In May, the company geofenced some assets on Poloniex from U.S. customers. “Europe and Asia are both pretty significant markets…

Football Club AS Roma to Launch Crypto Fan Token with Voting Privileges

Distinguished Italian football club AS Roma announced that it will join Socios, a blockchain-based voting platform. AS Roma has partnered up with sports and entertainment blockchain firm Chiliz (which powers Socios) for this crypto initiative. Chiliz broke the news in an official announcement published on July 19. In the announcement, Chiliz states that AS Roma will join its sports platform Socios and launch an AS Roma fan token. Through the use of this crypto tokens, fans will be able to vote in club-delegated decisions. Blockchain has a diverse set of…

Fidelity’s Digital Assets Department Seeks New York State’s Trust License

Several financial companies are jumping on the crypto bang wagon for some promising reasons. Fidelity, an American multinational financial services corporation based in Boston, has launched its digital assets arm, Fidelity Digital Assets Services (FDAS) back in October 2018 to offer crypto-custody services to large size institutions and organizations. Fidelity has recently filed to secure New York trust license which will enable the firm to serve its clients in New York in all sorts of crypto businesses. Digging deeper into the matter, sources familiar with the matter told the digital…

Post-Halving Bitcoin to Hit $100,000 in 2020? It’s Unlikely, Data Shows

In around 300 days, Bitcoin (BTC) will experience what is known as a “halving” or “halvening”. This event, which occurs in predictable four-year cycles, sees the amount of the cryptocurrency issued every ten minutes halve, this time from 12.5 coins to 6.25 coins per block. Related Reading: Bitcoin Bears Ramp Up Selling Pressure as Weekly Close Looms; Factors & Trends This is Bitcoin’s monetary policy, which is practically set in stone due to the consensus mechanisms that Satoshi Nakamoto implemented into his brainchild. While the halving may seem mundane, with…

Blockchain-Based ‘Lunar Registry’ Launched – Blockchain News

About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Bakkt’s ‘Moonshot’ Bitcoin Platform to Begin Testing Today

Bakkt’s long-delayed bitcoin futures platform is scheduled to begin testing today.  The trading platform, aimed squarely at institutions, is widely expected to be a game-changer and a major catalyst for the bitcoin price. As Fundstrat concluded last week, investors are eagerly waiting on the sidelines: “There appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch… The launch could be a huge accelerator for market growth.” Bakkt’s Bitcoin Moonshot Bank-rolled by the Intercontinental Exchange (ICE) – the parent company of…

Former Boss of BTC-e’s Offshoot WEX Crypto Exchange Arrested by Italian Police

Even though the Russia-based BTC-e crypto exchange has already perished from this world, it keeps producing crypto news, and not the good kind. Now, its second CEO, Dmitry Vasiliev, has also been arrested and detained by law enforcement agencies, this time in Italy. The now-defunct BTC-e was widely known as the largest Russian-language crypto platform in the world. It was notoriously known for its monkey games while it was headed by the former CEO Alexander Vinnick. A report by the Wall Street Journal showed that the crypto exchange was associated…

Ripple Price (XRP) Showing Positive Signs, Could Break $0.34

Ripple price remained well supported on the downside near the $0.3200 level against the US dollar. The price traded higher and broke the $0.3250 and $0.3320 resistance levels. There is a key bullish trend line forming with support at $0.3265 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to continue higher, with chances of an upside break above $0.3350 and $0.3400. Ripple price is trading with a bullish bias against the US Dollar, similar to bitcoin. XRP price is likely to climb…

Don’t Hold Your Breath, Bitcoin to Outperform Altcoins For Now

Despite the fact that Bitcoin is the leading crypto, altcoins — the blanket term given to cryptocurrencies that aren’t BTC — were all the rage in late-2017 and early-2018. In fact, over the course of the bull run from 2016 to early-2018, Bitcoin dominance fell from over 90% to 33% at the bottom. This so-called “altseason” was catalyzed by a Cambrian explosion in the number and variety of cryptocurrencies, the ICO revolution, and massive growth in older projects like XRP and Ethereum. Related Reading: Crypto Tidbits: “Unstoppable Force” Bitcoin Back…

Buterin Considers zk-STARKS, Plasma, Casper, Bitcoin Cash for Enhancing Ethereum’s Efficiency

The developers of Ethereum (ETH), the world’s largest platform for building and deploying decentralized applications (dApps), have been experimenting with different approaches for effectively scaling the smart contract platform. Ethereum Co-Founder Vitalik Buterin has considered using other blockchain platforms as data layers for the Ethereum network. These platforms include Bitcoin Cash (BCH), Ethereum Classic (ETC), and potentially a few other crypto networks with relatively high throughput rates. Bitcoin Cash Blockchain Has Up to 7x Greater Throughput than Ethereum  At present, the BCH blockchain can handle 32 MB of data in…