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…

Bakkt’s Bitcoin Futures Test Starts Today, Launch Imminent This Quarter

Bakkt Digital Asset Summit highlighted important developments in the launch of Bakkt Bitcoin Futures, which beta release is expected today. CFTC commissioner Dawn Stamp acknowledged the high demand for the derivative product. As per its earlier schedule, ICE’s Bakkt platform is all set to start testing its Bitcoin Futures today, July 22. Bakkt has been working on its Bitcoin Futures contracts for almost a year and investors are eagerly waiting for its entry in the crypto market. While Bakkt just starts testing its Bitcoin Futures, its launch is imminent this…

Libra Won’t Launch Until Regulators Are Satisfied

Benoit Coeure, a board member of the European Central Bank, said that Facebook’s Libra coin will not launch until global regulators are satisfied.  Speaking to Reuters at the G7 summit in Chantilly, France on July 18, Coeure said that the proposed stablecoin must be guaranteed to be safe for users before it can launch: “You’ve got to be safe, robust and resilient from day one. It’s not a learning process: either it works or it doesn’t.” Coeure stated that guaranteeing the protection of user privacy and ownership rights may require…

Bakkt Futures to Launch in the Current Quarter

Managing director and quant strategist at Fundstrat Global Advisors Sam Doctor suggested in a Twitter post published on July 19 that Bakkt’s Bitcoin (BTC) futures contracts will launch this quarter. According to the post, which includes a summary of Fundstrat’s takeaways from the Bakkt Digital Asset Summit held on July 18, the firm’s futures will launch in the current quarter. The launch is set to follow tests announced last month, which are scheduled to start next week. The firm believes that the launch will be a catalyst to accelerate entry…

Bitcoin Approaches Second Inning as Bakkt Exchange Launch Nears

Bakkt has been trumpeted as a future main driver of crypto institutional adoption and even the bull market. The bitcoin futures exchange boasts everything Wall Street firms are looking for – the promise of uncorrelated returns to the stock market plus the confidence of regulatory oversight. But in case you haven’t noticed, Bakkt hasn’t launched yet. This is about to change, increasing the chances that the 2019 bitcoin bull run has just gotten started. The Bakkt launch has taken longer than many in the crypto community expected, but the wheels…

Libra to Satisfy All Regulatory Matters Before Its Launch

David Marcus, CEO of Facebook’s crypto wallet Calibra, underlined that Facebook would not launch the Libra cryptocurrency project before they address all regulatory concerns. Marcus delivered his comments at a hearing on Libra with the Financial Services Committee of the United States House of Representatives today, July 17, as reported by a Cointelegraph correspondent. On the second day of hearings on Libra’s structure and management, Rep. Nydia Velazquez asked Marcus, “Will you commit yourself to not launch before all the concerns from the Federal Reserve and other regulators are addressed?”…

Canadian Startup Partners with Authorities to Launch Tax Payments in Bitcoin

According to a press release dated July 15, 2019, the city of Richmond Hill, Canada, is rolling out a project that allows residents to pay property taxes with bitcoin (BTC) through crypto startup, Coinberry. Pay Property Tax with Bitcoin Canadian digital currency platform, Coinberry, has opened negotiations with the city of Richmond Hill to provide crypto payment solutions for the municipality. The City of Richmond Hill is located in the outskirts of Toronto and is home to more than 200,000 residents. The Council, which took place on July 10, 2019,…

Binance Eyes Launch of Crypto Exchange in South Korea

Binance, the world’s top exchange by trading volume, is considering launching a branch in South Korea, according to reports. Changpeng “CZ” Zhao confirmed the possibility to local news source Block In Press on Tuesday, saying (via translation) that the firm is “working with local partners, but we do not know the details.” However, according to a report by CoinDesk Korea, a business entity dubbed Binance LLC has been established in the country, with the director listed as Jiho Kang of BXB Inc., a firm offering a Korean won-backed stablecoin. A Binance representative reportedly told Block…

TRX Down 29.1% Even With The Launch of TronClass

Tron (TRX) slides 29.1 percent week-to-date The launch of TronClass will aid in Tron’s global reach and general awareness For their global outreach, the launch of TronClass is beneficial for the cryptocurrency and blockchain space as a whole. Even so, that is not enough to tame sellers pushing TRX to the edge. At press time, TX is down 29.1 percent from last week’s close. Tron Price Analysis Fundamentals That Tron has been grabbing headlines in recent days is true. From accusations of shilling and rumors of a police raid, the…

Major Korean Firms Partner to Launch Blockchain Mobile ID System

A consortium of major South Korean firms partnered to launch a blockchain-based mobile identification system in 2020, English-language local media Korea Times reports on July 14. Per the report, the participants are financial services firms KEB Hana Bank, Woori Bank, KOSCOM, mobile carriers SK Telecom, KT, LG UPlus, and technology behemoth Samsung Electronics. The aim of the partnership is reportedly to develop a self-sovereign identity system that does not require any intermediaries, which would enable individuals and organizations to control their identity information in online transactions. The service aims to…