Monthly Archives: May 2019

Crypto Derivatives Platform Vows to Tackle Socialized Losses Seen on Other Exchanges

sponsored A crypto derivatives exchange says it offers competitive advantages over rivals thanks to its partnerships with established industry players. A crypto futures exchange says its features mean it is well-positioned to solve current problems that exist among rivals. The team behind FTX claims they were driven to act after “hours of feedback” to established exchanges about the problems with their products went ignored. As a result, the company claims that its platform “reduces the likelihood of clawbacks” through a three-tiered liquidation model — tackling the problem […]

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Facebook in Talks With Coinbase, Winklevoss’ Gemini to Launch Its Globalcoin: FT Report

Anonymous sources say that Facebook’s upcoming Globalcoin project is “bigger and more open” than just a payment method. Social media giant Facebook has reportedly held talks with major United States-based crypto exchanges about the issuance of its own crypto, the Financial Times (FT) reports on May 24. Citing two people familiar with Facebook’s “Globalcoin” project, the FT wrote that Facebook has discussed the initiative with major crypto exchange and wallet Coinbase. The article also notes that Facebook reportedly spoke with the Gemini exchange, which was founded by […]

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Russian State-Owned Holding Giant Proposes to Apply DLT in All Gov’t Data Systems

Russian state-owned firm Rostec offers a $1.3 billion plan to apply blockchain in all the state data systems. Russian state-owned holding conglomerate Rostec proposed a roadmap on applying blockchain in all the governmental data systems, local financial newspaper Kommersant reports on May 24. An institution under Rostec has reportedly developed a blockchain roadmap worth up to 85 billion rubles ($1.3 billion) that claims to provide an economic impact of up to 1.6 trillion rubles ($25.4 billion) in five years. The project was presented by Rostec’s structural body, […]

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Galaxy Digital Founder Michael Novogratz: One of the Social Media Cryptos Will Succeed

Novogratz suggested that one of the crypto assets created by social media giants will succeed. Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, has suggested that one of the crypto assets created by social media giants will succeed. Novogratz made his remarks during an interview with CNBC published on May 24. At the end of the interview, Novogratz noted: “I think Facebook’s payment currency, I think Telegram’s gonna have one…You’re gonna see one of those payment coins work, and I think that has the […]

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Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash

Ever since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2011. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders continue to leave vast quantities of funds on centralized trading platforms. Also read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations Hackers Love to Profit from People Leaving Funds on Centralized Crypto Exchanges Over the years, hackers have managed to make a […]

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Ethereum Co-Founder Vitalik Buterin Proposes Creating On-Chain Ether Mixer

Ethereum co-founder Vitalik Buterin proposed creating an on-chain smart contract-based ether mixer. Ethereum (ETH) co-founder Vitalik Buterin has proposed creating an on-chain smart contract-based ether mixer in a note on collaborative development platform HackMD on May 24. In his note, Buterin argues that the Ethereum ecosystem needs more privacy, and points out that the default behavior is to do everything through a single account, allowing for all of the user’s activities to be linked to each other. Furthermore, he notes that simply spreading the ether across multiple […]

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LocalBitcoins Imposes Restrictions on Iranian Accounts

Major P2P crypto exchange LocalBitcoins.com has banned users based out of Iran. Major peer-to-peer cryptocurrency exchange LocalBitcoins.com has banned users living in Iran, according to their website as of today, May 24. Screenshot of LocalBitcoin Iranian page as of press time A source had previously told Cointelegraph in an email that the impetus for restricting Iranian transactions is to comply with financial regulations in Finland, where the headquarters of LocalBitcoins.com is located. Moreover, exchanges are purportedly cutting off Iranian users due to sanctions previously imposed on other […]

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Singapore’s iSTOX to Launch a Regulated Digitized Securities Platform in 2020

A capital markets platform in Singapore will be ready to fully launch regulated trading of digitized securities in early 2020. Capital markets platform iSTOX has joined Singapore’s regulatory sandbox to launch digitized securities trading in late 2019, the firm announced in a tweet on May 24. Following its addition to the Monetary Authority of Singapore (MAS)’s FinTech Regulatory Sandbox on May 1, the Singapore-based company will start providing service for the trading of digitized securities starting from Q4 2019, according to an iSTOX official press release. Operated […]

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Bitcoin Crosses $8,000 as Major Oil Futures See Losses

Most of the top 20 cryptocurrencies are reporting moderate gains on the day as bitcoin approaches the $8,000 mark again. Friday, May 24 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) crosses the $8,000 mark again. Market visualization courtesy of Coin360 Bitcoin is up over 5% on the day, trading at $8,018 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down over 8.42%. Bitcoin 7-day price chart. Source: CoinMarketCap Earlier this week, […]

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Binance: New Interface Screenshots Appear to Confirm Margin Trading Testing

A teaser of the platform’s new look notably includes a view of margin trading, which CEO Changpeng Zhao previously said was in testing. Cryptocurrency exchange Binance delivered what appeared to be the first confirmation it had added margin trading for traders in a social media update on May 24. As part of its ongoing transition that will see new products, including a decentralized exchange, Binance released preliminary views of its new trading interface. Composed of a “dark” and “light” mode, developers conspicuously chose a view of margin […]

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