Monthly Archives: November 2019

Crypto News From the German-Speaking World: Nov. 17-23

Cointelegraph auf Deutsch presents a weekly digest of selected cryptocurrency and blockchain-related developments from the German-speaking world. The past week has seen a range of crypto- and blockchain-related developments in the German-speaking world. The German Federal Ministry of Justice and Consumer Protection is planning to sponsor a research project of the University of Marburg on legal issues surrounding blockchain technology, the Swiss online bank Swissquote began offering its customers the trading of a real estate portfolio-covering security token, and an Austrian research project provided proof of profitability […]

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Localethereum Becomes Localcryptos and Adds BTC Trading

P2P trading site Localethereum has rebranded to Localcryptos, allowing users to buy and sell both ETH and BTC without KYC. The platform has been providing peer to peer trading services for ethereum since 2017, but in a surprise announcement this week, the website revealed its new home, localcryptos.com and rolled out its P2P trading service and fiat onramp to bitcoin users. Visitors to Localethereum will now find themselves redirected to the new multi-currency site, in a move which will give rival P2P exchange Localbitcoins (LBC) pause for […]

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Grayscale Puts Trust to the Test by Pursuing SEC Registration

Grayscale Bitcoin Trust may become the first SEC-reporting crypto-based security, potentially signifying a trend for more transparency. On Nov. 19, Grayscale Investments, a subsidiary of Digital Currency Group and the world’s largest digital asset manager, filed a voluntary registration statement on Form 10 with the United States Securities and Exchange Commission on behalf of its Grayscale Bitcoin Trust. If successful, the move would result in the trust acquiring the status of an SEC reporting company, the first cryptocurrency investment instrument to do so. The trust’s shares would […]

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Philippines and BCB Blockchain to Work Together on Smart Cities

Singapore-based blockchain firm BCB Blockchain has signed a memorandum of agreement with the Philippines to support the development of local tech startups. Singapore-based blockchain firm BCB Blockchain has signed a memorandum of agreement (MoA) with a branch of the Philippines’ Department of Science and Technology (DOST) to support the development of local smart cities. Per a Nov. 23 press release, BCB Blockchain contributed $300,000 to support incubators and startup accelerators in the Philippines by signing an MoA with the Philippine Council for Industry, Energy, and Emerging Technology […]

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Oman Sees First Trade Finance Transaction on Blockchain

Oman Oil and Orpic Group and HSBC Bank Oman SAOG have conducted the country’s first blockchain-based trade finance transaction. Oman Oil and Orpic Group and HSBC Bank Oman SAOG have conducted the first trade finance transaction on the blockchain in the country using R3’s Corda platform. As news publication the Oman Observer reported on Nov. 23, Oman Oil and Orpic Group — one of the largest oil and gas businesses in Oman — and HSBC Bank executed the country’s first blockchain-based trade finance transaction: a sale of polypropylene […]

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Office of Chinese Crypto Exchange BISS Closed, Staff Members Arrested

Chinese authorities shut down local cryptocurrency exchange BISS, and arrested 10 people suspected of being involved in its operations. Chinese authorities shut down local cryptocurrency exchange BISS and arrested 10 people suspected of being involved in its operations. Local media Sohu reported on the actions undertaken by Chinese authorities on Nov. 22. However, the date at which the event itself took place is unclear. The same day, founding partner of blockchain-based investment company Primitive Ventures Dovey Wan said on Twitter that the local cryptocurrency community had known […]

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OKEx Secures Support From Four New Partners for Its Utility Token OKB

Malta-based cryptocurrency exchange OKEx has secured support from four new partners, including hardware crypto wallet Ledger, for its utility token OKB. Malta-based cryptocurrency exchange OKEx has secured support from four new partners, including hardware crypto wallet Ledger, for its utility token OKB. OKEx announced the news in a press release shared with Cointelegraph on Nov. 22, detailing that it had partnered with Ledger, Vietnam-based over-the-counter exchange Aliniex, fiat-to-crypto exchange Bvnex, and virtual blockchain-powered retailer Cryptomall. Bringing crypto trades into the mainstream The collaboration is aimed at moving […]

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US Congress Wrestles With Financial Technologies and Data Privacy

In a hearing on Thursday, the Congressional Fintech Task Force questioned expert witnesses on the outlook for consumer data protection in a quickly changing industry. On Nov. 21, the United States Congressional Task Force on Financial Technologies held a hearing on the role of big data in financial services.  The last major legislation focused on the subject was the Gramm-Leach-Bliley Act of 1999, which formalized a financial service firm’s obligations to clients — specifically, how they share client information. Given the field’s expansion over the past 20 […]

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Bitcoin Price Diary: Shorting BTC is Dangerous, So I Went Long at $6.9K

This week Bitcoin price dropped 14.3%, leading veteran trader Scott Melker to open a long position at $6,900. This has been a mixed week, with some small gains and losses on Bitcoin (BTC) longs and small earnings on alt trades which I will discuss in the coming weeks. I would like to take this opportunity to explain a few things about my trading style and approach in general, as it can be confusing for many. First, I do not short Bitcoin. This is not because I have […]

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Bakkt’s Bitcoin Futures Shatters Records Amid Spot Market Turmoil

Bakkt’s bitcoin core (BTC) futures product saw another all-time high as the spot market price of BTC plummeted under $7,000 on Friday morning, Nov. 22. Bakkt saw 2,728 contracts traded ($20 million) and $1.75 million in open interest outpacing the record of 1,179 contracts on Oct. 25. Also Read: Market Update: Cryptos Shed Billions in Rapid Sell-Off After BTC Spot Market Prices Shed Billions, Bakkt’s BTC Futures Volumes Reach Another All-Time High Ever since Bakkt’s physically-settled bitcoin futures contracts launched on Sept. 22, 2019, the product has […]

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