Monthly Archives: December 2018

Bitcoin’s Institutionalization: Dates to Watch in 2019

It’s been over a year since the Cboe and CME listed the world’s first bitcoin futures contracts, the first ever bitcoin investment product to hit the legacy market. Both futures went live just before bitcoin peaked at its $20,000 all-time high. Out-the-gate trading for the derivatives reflected 2017’s market mania, and Cboe’s futures alone traded over 800 contracts (roughly $12,000,000 at the time) within the first two hours of their launch. With the creation of these markets, the euphoric anticipation of bitcoin’s debut on Wall Street conjured […]

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Bitcoin Could Revolutionize Governance, Says Cypherpunk Jameson Lopp

According to Jameson Lopp, Bitcoin is an experiment that, if successful, could make the transition to an anarcho-capitalist society possible. Jameson Lopp — a crypto industry figure and self-proclaimed professional cypherpunk — described Bitcoin (BTC) as the first step in a broader transition to an anarcho-capitalist society. Lopp’s comments were made in an interview on the Stephan Livera Podcast, published Dec. 29. According to Lopp, Bitcoin is an experiment that — if successful — could make the transition to an anarcho-capitalist society possible: “I believe that Bitcoin […]

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Stellar Co-founder Brands 90% of Crypto Projects ‘B.S.’

In a frank interview with mainstream media, Stellar CTO Jed McCaleb appeared skeptical of any cryptocurrency beyond Bitcoin, Ethereum or Stellar. Most financial institutions will not use Bitcoin (BTC), payment network Stellar’s co-founder and CTO Jed McCaleb stated in an interview with Yahoo Finance Dec. 31. Speaking to the online news outlet, McCaleb — who is also known as one of the founding fathers of defunct Japanese Bitcoin exchange Mt. Gox, as well as the co-founder of Ripple — made an argument in favor of the use […]

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Bakkt Completes First Round of Funding With $182.5 Million

Intercontinental Exchange’s upcoming cryptocurrency trading platform, Bakkt, has raised $182.5 million from a dozen investors. The funds will help develop an institutional-grade regulated crypto exchange, clearing and warehousing services for physical delivery and storage. The company now expects to provide an updated timeline on launching bitcoin daily futures contracts in early 2019. Also Read: Israeli Exchange to Launch Crypto Payments API for Businesses Bakkt Raises $182.5 Million Bakkt, the digital assets subsidiary of the parent of the New York Stock Exchange ,  Intercontinental Exchange (NYSE: ICE), has announced […]

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Launch Timeline for Bakkt’s Bitcoin Futures to Be Clarified Early 2019: ICE

The operator of the New York Stock Exchange posted an update for the launch of Bakkt’s physically settled daily Bitcoin futures contract.   The Intercontinental Exchange (ICE) announced an update on the launch of the Bakkt Bitcoin (USD) Daily Futures Contract in an official notice Dec. 31. The document from ICE — the operator of the New York Stock Exchange (NYSE) and creator of digital assets platform Bakkt — states that “[f]ollowing consultation with the Commodity Futures Trading Commission [CFTC], ICE Futures U.S., Inc. expects to provide […]

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Indian Gov’t to Approach Crypto Regulation ‘With Due Caution’

Previous suggestions of a lasting stance on crypto from India’s government appear to have been overturned by fresh comments. The Indian government is approaching cryptocurrency regulation with caution, tech magazine Quartz reported Dec. 31, quoting Pon Radhakrishnan, the Minister of State in the Ministry of Finance and Ministry of Shipping. The latest episode in India’s increasingly drawn-out path to formalizing its domestic cryptocurrency economy, Radhakrishnan said that the lack of a “globally acceptable solution” meant lawmakers were unlikely to issue formal statues in the short term. Addressing […]

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NYSE Operator’s Crypto Platform Bakkt Completes $182.5 Million Funding Round

The digital assets platform Bakkt — created by the NYSE’s operator — announces the completion of their first funding round. Digital assets platform Bakkt — created by the operator of the New York Stock Exchange (NYSE) — has announced the completion of its first funding round in a blog post today, Dec. 31. The institutional investor-focused cryptocurrency platform from the Intercontinental Exchange (ICE) has officially raised $182.5 million from 12 partners and investors, according to the post. The partners and investors reportedly include major names in both […]

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67 Cryptocurrency Companies Probed by UK Regulator

The U.K.’s Financial Conduct Authority (FCA) has reportedly provided an update of its investigations of crypto companies. A total of 67 inquiries were launched, 49 of which have been closed, leaving 18 businesses currently under investigation. The UK government has reportedly said it is ready to give power to the FCA to regulate the crypto industry. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations More Crypto Companies Under Investigation The U.K.’s FCA has released new information regarding its investigations into crypto businesses to […]

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Blockchain Analysis Is About to Get Harder as P2EP Enters Testing Phase

Yet another tool is being added to Bitcoin’s growing number of privacy solutions. Thought up at a brainstorming event attended by Bitcoin developers and privacy researchers last summer, Pay to Endpoint (P2EP) is a relatively new trick that utilizes the well-known CoinJoin mixing technique to make blockchain analysis much harder. An early version of it, called “Bustapay,” was quickly implemented by independent Bitcoin developer Ryan Havar and is being tested as of now. Meanwhile, the privacy-focused Samourai Wallet as well as JoinMarket developer Adam Gibson are working […]

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Security Researchers Reveal Wallet Vulnerabilities On Stage at 35C3

In a demonstration titled “Wallet.fail,” a team of security researchers hacked into the Trezor One, Ledger Blue and Ledger Nano S. Unfortunately, it appears as if their findings were first put on display at the 35th Chaos Communication Congress (35C3) in Leipzig, Germany, rather than through accepted Responsible Disclosure practices, which would have allowed the manufacturers to patch the vulnerabilities and protect their customers from any potential attack. Fortunately, the vulnerabilities appear to be very difficult for attackers to actually exploit. The team of experts included security […]

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