Monthly Archives: April 2020

Synthetix Is Already Tokenizing Real World Markets Through DeFi

Cointelegraph sat down with Framework Ventures’ co-founder Michael Anderson to learn more about Synthetix, which recently added Brent and Nikkei synthetic tokens. The Synthetix (SNX) project, one of the biggest ecosystems in decentralized finance (DeFi), recently launched the Hadar upgrade, which enabled tokenized real-world assets like Brent oil and the Nikkei stock index.  The launch, which occurred on March 31, went seemingly unnoticed by the community at large, but Framework Ventures’ co-founder Michael Anderson, a major Synthetix backer whom Cointelegraph interviewed, believes this news will have important […]

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Blockchain Association Weighs In on SEC Case Against Kik’s ICO

The Blockchain Association has asked the court, which is considering Kik’s case, to deny the SEC’s motion for summary judgment. The United States-based Blockchain Association has filed an amicus curiae brief in support of Canadian messenger Kik amid the firm’s legal battle with the Securities and Exchange Commission. The association addressed the April 17 brief to the court which is considering the case, asking it to deny the SEC’s motion for summary judgment and decide the case narrowly to avoid casting doubt on cryptocurrency projects that have […]

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Low Adoption Puts Bitcoin Price ‘Expectations’ at Risk — Peter Brandt

As prices stick around $7,000, Brandt appeared to get cold feet over the still marginal role that Bitcoin has in the corporate realm. Bitcoin (BTC) may not be “living up to expectations,” one of its best-known supporters from the finance world has warned as prices stagnate. In a Twitter discussion on April 20, Peter Brandt pointed to low corporate interaction as an indicator that Bitcoin was not having the revolutionary impact its supporters hoped for. Brandt: I accept BTC store-of-value premise He suggested that while he understands […]

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Celo Developer Bootcamp Announces 18 Finalists From 15 Countries

Celo has announced 18 finalists from 15 countries in its CeloCamp accelerator program. Open-source payments network and Libra rival Celo has announced 18 finalists spanning 15 countries from its CeloCamp blockchain accelerator program hosted in partnership with digital events company Upright. The program, launched during mid-February, comprises an eight-week virtual boot-camp intended to stimulate app-building on top of the Celo blockchain prior to its launch. The teams are competing for $21,000 in prizes — with the winner receiving $10,000, the runner-up getting $5,000, and three teams chosen […]

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Sex Tech Announces First VR Event on Blockchain Security

The VR sex tech event will discuss the blockchain protections in place for those in the sex industry or just those utilizing sex technology. Panelists from sex technology industries will gather in virtual reality on April 23 to discuss the impact of safety in the sex industry when it comes to blockchain. The notice posted to Eventbrite UK says the event will address the way blockchain technology impacts payments to sex workers, records consent between partners, and documents sexual harassment. “By design, blockchain is “an open, distributed […]

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CFTC Approves New Cryptocurrency Derivatives Platform — Bitnomial to Offer Regulated Bitcoin Futures

The U.S. Commodity Futures Trading Commission (CFTC) has approved a new bitcoin derivatives trading platform. Bitnomial Exchange will list margined and physically delivered bitcoin futures and options. Besides Bitnomial, the CFTC has only approved a handful of other platforms to offer bitcoin derivatives trading, such as CME, Cboe, and Bakkt. CFTC Approves New Bitcoin Derivatives Exchange The CFTC announced Monday that it has issued an order granting Chicago-based Bitnomial Exchange status as a designated contract market (DCM), effective on the same day. The U.S. top derivatives regulator […]

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Japan STO Association Releases New Regulatory Guidelines

The Japan Security Token Offering Association announced on April 20 it had issued new guidelines to protect clients’ assets and privacy. The Japan Security Token Offering Association (JSTOA) has just released self-regulatory guidelines on how to separate customer assets and electronic record transfer rights. Available on the JSTOA website on April 20, the association attributes the guidelines to the revisions of the country’s Financial Instruments and Exchange Act (FIEA), passed by the Japanese House of Representatives and set to be enforced starting May 1. At a meeting […]

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Judge Cites Blockvest ‘Egregious Misconduct’ in Granting SEC Motion

In a judgment against assets exchange Blockvest and founder Ringgold, a California judge rules in favor of SEC’s terminating sanctions. A federal judge for the Southern District of California has argued in a recent court filing that blockchain-based assets exchange Blockvest and founder Reginald Buddy Ringgold III should lose their defense in a Securities and Exchange Commission (SEC) case after allegations of fraud and misconduct. Court documents released on April 20 show Judge Michael S. Berg has recommended granting plaintiff SEC’s “Motion for Terminating Sanctions” against Blockvest. […]

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Samson Mow’s Infinite Fleet Game Partners with STOKR for STO

Infinite Fleet, under CEO Samson Mow, announced it would use the security tokens issued by STOKR as development funds. Infinite Fleet, a space adventure game, is partnering with blockchain marketplace STOKR to launch a security token offering (STO).  In an April 20 blog written by Infinite Fleet, the gaming company announced it would use the tokens issued by Luxembourg-based STOKR to raise funds for its development:  “We are making the foray into capital markets and we believe this will offer our supporters the opportunity to own a […]

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Historic Negative Price in WTI Oil Futures Hardly Rattles Bitcoin Price

Bitcoin price saw a minor correction to $6,850 as WTI crude oil futures imploded and dropped below $0. As reported earlier by Cointelegraph, the May 2020 Futures contract for West Texas Intermediate (WTI) Crude dropped more than 100% on Monday. At its worst the price reached negative $37.63, a phenomenon which has never occurred before. WTI May futures (CL1). Source: TradingView The June WTI contract with a May 19 expiry date also dropped nearly 20% to $20.43 per barrel and Barclays IPATH ETN (OIL) fell to $3.50.  […]

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