Monthly Archives: June 2019

Seychelles to Host First Regulated Tokenized Security on a National Stock Market

MERJ Exchange of the Seychelles to offer the first regulated security token on a national stock market, alongside its company stock. Seychelles-based securities exchange MERJ will purportedly list the first regulated security token on a national stock market, according to a report by Bloomberg on June 25. As per the report, these security tokens are digital asset shares that will trade alongside stock for MERJ Exchange Ltd, the company behind the MERJ exchange. The report notes that no specific date has been given for a planned listing, […]

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Mike Novogratz: Bitcoin Will Stabilize Between $10,000 and $14,000

Galaxy Digital founder and crypto enthusiast Mike Novogratz has predicted that Bitcoin’s price will stabilize between $10,000 and $14,000. Galaxy Digital founder and crypto enthusiast Mike Novogratz has predicted that Bitcoin’s (BTC) price will stabilize between $10,000 and $14,000, in an interview with CNBC on June 27. Delivering his comments on CNBC’s Squawk Box show, Novogratz forecast that the leading digital currency will consolidate in the corridor between $10,000 and $14,000. Referring to Facebook’s entry into crypto with Libra, Novogratz said: “One of the largest companies in […]

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Market Outlook: After Crypto Prices Tumble, Observers Weigh in on What’s Next

Bitcoin and a large number of cryptocurrencies experienced a sharp crash after touching new price highs this year. On June 26, the price of bitcoin core (BTC) dropped from $13,850 to under $11,900 in less than an hour. BTC values against the USD continued to spiral on Thursday, dropping to $10,350 before recovering slightly. With more than $72 billion shaved off the valuation of the entire cryptoconomy, many traders wonder what the future has in store for digital asset markets. Also Read: Iranians Defy Warning and Share […]

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Brimhall Foods to Deliver Products Through Blockchain-based Ordering System

Snack food company Brimhall Foods is planning to distribute 15 of its products via the SurgePays blockchain network. United States-based snack food company Brimhall Foods has partnered with Surge Holdings to deliver its BRIM’S products through a blockchain-based ordering system, according to a report by Foodprocessing-technology.com on June 27. According to the report, BRIM will be able to use the SurgePays blockchain network to access tens of thousands of new stores. Surge Holdings CEO Brian Cox says that BRIM will initially offer 15 products through its SurgePays […]

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Brazilian Exchanges to Integrate the Real-T, a Stablecoin Pegged to the Real

Cryptocurrency exchanges in Brazil will purportedly be among the first platforms to offer a stablecoin pegged one-to-one with the Brazilian real. Brazilian cryptocurrency exchanges are rolling out support for a stablecoin, according to a report by Cointelegraph Brasil on June 26. Brazilian platforms including PagCripto, Nox Trading, 3xBit, and Bitcambio, are reportedly slated to be the next adopters to issue this new stablecoin — pegged one-to-one with the Brazilian real —  Real-T (REALT). As explained in its whitepaper, the “Real-T Token” is an Ethereum-based ERC-20 stablecoin that […]

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Blockchain Protocol Polkadot Sells 500,000 of Its Tokens, Price Still Unspecified

Blockchain interoperability protocol Polkadot has reportedly distributed 500,000 DOT tokens. Blockchain interoperability protocol Polkadot has distributed 500,000 DOT tokens at a price that is unknown, but purportedly in keeping with the firm’s $1.2 billion valuation, technology-focused news outlet The Block reported on June 27. Polkadot’s managing partner Web3 Foundation (W3F) reportedly told The Block that the protocol distributed 500,000 of its tokens, although the company did not reveal the exact amount of funds raised. The Block notes, that during the recent round Polkadot purportedly sold 5% of […]

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Over 22,000 Traders Have Now Signed up to Local.Bitcoin.com

People from all over the world have opened accounts to trade bitcoin cash anonymously and without any KYC on Local.Bitcoin.com. Almost 1,000 BCH has already been exchanged privately through blind escrow via the new platform. Also Read: Namecheap Lets You Buy a Domain and Host Your Website With BCH Userbase on Local.Bitcoin.com Grows Rapidly Local.Bitcoin.com, the privacy-focused peer to peer global marketplace for trading bitcoin cash (BCH), was only officially launched on June 4. Since then over 22,000 people have already signed up to open accounts on […]

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Winklevoss’ Gemini Exchange Launches Chicago Office to Serve as Engineering Hub

New York-based Gemini exchange adds a Chicago office in a move to extend engineering expertise for the platform. Winklevoss brothers-led Gemini crypto exchange is launching a new office in Chicago, the firm officially announced on June 27. Headquartered in New York, Gemini adds its new Chicago office to their existing office in Portland, Oregon, Gemini co-founder Tyler Winklevoss wrote in a Medium post on Thursday. According to the statement, Gemini’s Chicago office will act as an engineering hub, and reflects the company’s goal of providing a “safe […]

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Bitcoin Falls Under $10,800 as US Stock Market Sees Minor Uptrend

Most of the top 20 cryptocurrencies are reporting significant losses on the day as Bitcoin falls under the $10,800 mark again. Monday, June 17 — most of the top 20 cryptocurrencies are reporting significant losses on the day by press time, as Bitcoin (BTC) falls under the $10,800 mark again. Market visualization courtesy of Coin360 Bitcoin is currently down about 19.67% on the day, trading around $10,695 at press time, according to Coin360. Looking at its weekly chart, the coin is up 13.28%. Bitcoin 7-day price chart. […]

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EU Banks to Deploy Instant Payments System in Response to Competition From Libra

European Union banks may have an instantaneous payments system in place by 2020. European Union banks could have an instantaneous payments system in place by 2020, Reuters reports on June 26. Per the report, real-time payments have been possible in the eurozone since 2017, but only about half of the banks in the bloc adhered to the initiative. Still, Reuters notes that adoption may accelerate now that Facebook’s Libra stablecoin is shaping up to be a competitor to local banks. Director general of the European Payments Council […]

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