Monthly Archives: January 2020

$17M Funding Round in Startup to Bring Blockchain Tech Into ETFs

Blockchain startup Securrency receives over $17 million in funding as asset manager WisdomTree leads the charge to bring blockchain to ETFs. As a Bitcoin exchange-traded fund (ETF) continue to elude U.S. markets, one startup has secured $17 million that seem earmarked to bring blockchain tech to ETFs. WisdomTree announced investment in a startup called Securrency Inc., one of the top institutional-grade blockchain builders in the financial and regulatory space, per a Jan. 7 press release.  An asset manager, ETF and exchange traded-product (ETP) backer, WisdomTree is looking […]

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Android Platform Now Home to Coinbase Pro Trading App

Cryptocurrency exchange Coinbase Pro has made its trading app available for Android users. Coinbase has expanded compatibility for its trading platform, Coinbase Pro.  The Coinbase Pro mobile app is now available on Android’s operating system, Coinbase said in a Jan. 7 blog announcement. The exchange unveiled its Pro app for iPhone (iOS) users in October 2019.  Coinbase Pro on Android touts updates to the already-available iOS app version, including crypto and fiat currency (USD, CAD, etc.) deposit and withdrawal capabilities, as well as additional security features, the […]

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Bitmain Responds to Layoff Rumors From Ousted Co-Founder Zahn

Ousted Bitmain co-founder Micree Zahn took to Weibo on Monday to speak out against a reported Bitmain “personnel optimization plan” which could purportedly see around 500 Bitmain workers dismissed by January 17. Chinese media broke the story last week citing inside sources at the bitcoin mining colossus, one of which claimed poor financial performance of the company’s AI arm was part of the reason for the winter slimming. Zahn maintains the reported plan is unreasonable, but Bitmain’s official response neither confirms nor denies the downsizing. Also Read: […]

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Bitcoin Was Uncorrelated With Major Assets, Experienced Low Volatility in 2019

Bitcoin enjoyed a near 100 percent price gain over the course of 2019, but it otherwise had a tame year to round out the decade. 2019 was also the year that bitcoin’s price movements broke away from the rest of the cryptocurrency pack — and it continued to present itself as an uncorrelated hedge to macro financial assets. All of this is according to SFOX, a cryptocurrency trading analysis firm, which just released its end of the year volatility report. In addition to highlighting the fact that […]

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Though ‘Intriguing,’ Crypto Won’t Dethrone Dollar, Says IMF Economist

IMF chief economist Gita Gopinath said she sees too many different complications blocking a digital currency from overtaking the U.S. dollar. Digital currencies have gained prominence over the last few years, although such options will not budge the U.S. dollar from its seat of prominence, according to chief economist International Monetary Fund (IMF) Gita Gopinath. “Improvements in payment technology may have lowered the cost of switching from cash to digital payments, but there is little evidence they have done much to reduce the expense of moving among […]

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US SEC Prioritizes Crypto Compliance in 2020, But Hints at Kinder Gentler Approach

The United States SEC will be looking for greater crypto compliance in 2020, but the announcement suggests a softening of attitude. The United States Securities Exchange Commission continues to scrutinize crypto as its compliance office adds fintech and digital assets to its annual priorities list. Per a Jan. 7 announcement from the SEC’s Office of Compliance Inspections and Examinations (OCIE), the agency has put new financial technologies including digital assets among major concerns in the coming fiscal year. In the words of the regulator, new technological developments […]

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4 Signs the Cryptocurrency Altcoin Market May Have Finally Bottomed

As Bitcoin price climbs, several key indicators suggest that altcoins may have bottomed as many appear in the process of staging trend reversals. Bitcoin (BTC) made a sudden jump of 9% in the past 24 hours. However, altcoin cryptocurrencies have been showing strength recently as well. Recent surges from large caps have been in the double digits with Dash (DASH) surging 50% and Bitcoin Cash (BCH) 30% in the past four days. Is it possible to draw a conclusion that the altcoin market capitalization is potentially bottoming? […]

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Former Bakkt CEO Sworn Into Senate, Casts 1st Vote to Support Trump

Kelly Loeffler, former CEO at the ICE-backed cryptocurrency trading platform Bakkt, has been sworn into the United States Senate. Kelly Loeffler, former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, has been sworn into the United States Senate. In a Jan. 6 tweet, Loeffler announced that she was sworn into the U.S. Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator. Loeffler casts first vote to support Trump’s pickto lead the Small Business Administration In the announcement, Loeffler said that she […]

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What Happens If the US Loses the Blockchain War?

If the U.S. keeps ignoring the blockchain tech space in terms of cooperation between public and private sectors, China might win this war. While Mark Zuckerberg was fighting with the United States Congress over Facebook’s Libra, China took another step forward in the global technology race. President Xi Jinping called on his country to “seize the opportunity” in order to become a leader in blockchain technology as it tries to do likewise with artificial intelligence. This could be an opportunity for China, which has already become the […]

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Turkey’s Financial Watchdog Plans to Regulate Crypto Markets, Report Says

Capital Markets Board of Turkey, the country’s securities regulation agency, has plans to step up guidance and oversight of crypto transactions in 2020. Capital Markets Board of Turkey has plans to regulate crypto transactions, according to local sources. Capital Markets Board of Turkey (CMB), the regulatory body overseeing securities markets in the country, is developing a guideline to observe, audit, and regulate the crypto markets in the country, major Turkish media outlet Hurriyet reported on Jan. 4. Public authorities in Turkey have concerns regarding the protection of […]

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