Monthly Archives: October 2018

Bakkt’s Futures Platform Slated to Begin Trading in December

Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission. Originally slated for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.” The platform is advertised as an all-encompassing, “open platform” for “digital assets across global markets and commerce,” and […]

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Money 20/20: Experts Debate Whether Blockchain Will Replace Current Payment Systems

At the Money 20/20 conference in Las Vegas, experts debated the premise of whether blockchain will replace current payment systems. At the Money 20/20 conference in Las Vegas today Oct. 22, experts in the blockchain field debated the future of the technology and its potential effects on how payments are conducted. Ripple’s Chief Technology Officer David Schwartz and FIS Payments Senior Vice President of Product Strategy Esther Pigg offered competing visions of whether blockchain will benefit payments. According to Schwartz, blockchain technology will replace the world’s current […]

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Blockchain Investor Vinny Lingham: ‘Bitcoin Threatens Gov’ts’ Ability to Make Money’

Crypto entrepreneur Vinny Lingham says global governments will push back against cryptos like Bitcoin, and many will issue their own coins. Bockhain entrepreneur and industry advisor Vinny Lingham told Cointelegraph in an interview Oct. 21 that cryptocurrency prices will surge again, but it will take some time. Speaking with CT during the Money20/20 conference Sunday, Lingham – also the CEO of Blockchain identity startup Civic – stated that cryptocurrency markets need time to regain previous volumes, arguing that the market’s priorities have shifted: “Now the world is […]

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Report: Cryptocurrencies Should Be Governed by Current EU Financial Laws

The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws. The report specifies that most crypto assets are covered by the Unfair Commercial Practices Directive, which regulates unfair business practices in the European Union and requires corresponding laws to be passed that incorporate it into each member state’s legal system. However, cryptocurrencies are covered only […]

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Bitmain Releases Overt AsicBoost Firmware for Antminer S9

Bitmain has finally released its firmware for the popular Antminer S9 to enable what is called “overt AsicBoost.” In a recent blog post, Bitmain explains their rationale for the firmware release, citing that they originally “decided against activating this mathematical function in mining hardware” due to the “uncertainty surrounding the use of AsicBoost.” Bitmain previously released support for AsicBoost back in March 2018 by adding support for it on their mining pools BTC.com and Antpool. This, however, came after the company noticed blocks being mined on the […]

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Genesis Global’s Bitcoin Loans Hit $553M in 6 Months

Genesis Global Trading has released a financial report for the third quarter that shows the U.S. cryptocurrency lender provided $553 million worth of digital asset loans. These were issued to corporate borrowers such as hedge funds and trading firms in the form of BTC, BCH, ETH and other cryptocurrencies.  Also read: World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe Institutional Investors Borrow to Boost Working Capital, Short Cryptocurrencies Genesis Global Trading — an affiliate of Los Angeles-based Genesis Capital — said it has $130 million in […]

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Op Ed: Why Satoshi Nakamoto Deserves a Nobel Prize

Alfred Nobel died with regrets. After making a fortune off of explosives, he indicated in his will that his fortune should be used to make a prize awarded each year to those who “conferred the greatest benefit to humankind.” By all accounts, his namesake award has been a success — winners are curing cancer, ending wars and discovering exotic bosons. Only a handful of humanity has won a Nobel Prize — be it in medicine, physics, chemistry, literature, economics or peace — all of them distinguished for their exceptional […]

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US SEC Suspends Securities Trading of Nevada-Based Firm for False Crypto Claims

The SEC has stopped securities trading of a Nevada-based firm for making false claims that its crypto trading activities were registered with the regulator. The U.S. Securities and Exchange Commission (SEC) has suspended securities trading of a Nevada-based firm for making false claims that its cryptocurrency trading activities were approved by the SEC, according to an announcement published Oct. 22. Per the SEC’s order, in August 2018 American Retail Group, Inc. aka Simex Inc. published two press releases stating that the company had partnered with a custodian […]

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Monero Transaction Fees Reduced by 97% After Bulletproofs Upgrade

After the recent hard fork upgrade of its protocol, Monero has seen its transaction fees shrink by approximately 97 percent, dropping from 60 cents to just 2 cents. Crypto analytics firm Coinmetrics shared a tweet confirming the drop in fees and their corresponding reduction in transaction size, falling from 18.5kb pre-fork to 3kb — an 80 percent change. The upgrade, called “Monero 0.13.0 Beryllium Bullet,” implements “bulletproofs.” First introduced by researchers at Stanford, the cryptographic scheme shrinks the size and cost of transactions specifically for Confidential Transactions. […]

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Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill

Russian lawmakers have dropped the term “mining” from a bill to regulate digital assets, following the earlier removal of references to “cryptocurrency.” In addition, the proposed legislation no longer covers the taxation of mining profits, as such matters will fall under the oversight of the Federal Tax Service. Also read: Despite Setbacks Crypto Wages Still an Option for Russians, Poll Finds State Tax Authority to Determine Taxes on Mining Profits Anatoly Aksakov, head of Russia’s parliamentary Financial Market Committee, announced the latest amendment to the bill, which is […]

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