Monthly Archives: July 2020

CFTC Is Waiting on SEC to Allow Futures Trading of More Digital Assets, Says CFTC Chairman

Chairman Tarbert of the CFTC wants to see more clarity on which tokens are securities within the U.S. as well as broader international cooperation on regulation. In a July 7 interview with predecessor Jim Newsome, current Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert ran down a list of pending concerns standing between cryptocurrencies and the long-awaited promised land of regulatory clarity. Securities regulation and the CFTC’s purview Tarbert was careful to outline the distinction between the work of the CFTC and its elder brother […]

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Future Bleak for Private Stablecoins, SFB Economist Says

SFB Technologies’ chief economist sees a future for central bank digital currencies, or CBDCs, but not for privately issued stablecoins. Speaking on a Unitize digital conference panel, Peter Dittus, chief economist for SFB Technologies, said he does see a place for privately-issued stablecoins.  “I don’t see a great future,” Dittus said of stablecoins on the June 7 panel, live streamed by Cointelegraph.  Two stablecoin classifications exist Stablecoins exist in two categories — privately issued and CBDCs, according to Dittus. Issued by governments, CBDCs essentially turn paper cash […]

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Cardano’s ADA is Either #6 or 7 By Market Capitalization — Depending on Who Counts

Cardano’s ADA may have passed Bitcoin Satoshi Vision in market capitalization, the caveat is how should treasury coins be qualified. Cardano’s ADA recently overtook Litecoin (LTC) in market capitalization. Now it may have passed Bitcoin Satoshi Vision (BSV) as well, depending on how the metric is calculated. BCH, BSV, ADA & LTC. Source: CoinMarketCap. How many ADAs out there? At the time of this writing, CoinMarketCap, or CMC, shows ADA in seventh spot, while Nomics has it at sixth —- just ahead of BSV. The controversy stems […]

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COVID-19 Could Accelerate Crypto Adoption

Coinbase’s former CTO believes over powered governments could lead to accelerated crypto adoption post COVID-19. During a Unitize panel on Monday, Balaji S. Srinivasan commented that COVID-19 has changed everything — and it could ultimately end up accelerating Blockchain adoption.  Srinivasan is known for numerous roles in the crypto space. He’s an angel investor, an entrepreneur, the former CTO of Coinbase, and a General Partner at Andreessen Horowitz. He believes COVID-19 has made centralized governments more powerful than ever before, and feels that government overstepping is causing […]

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Bitcoin Options Data Shows Investors Betting on $50K BTC Price in 2021

Traders are placing large bets on $50,000 Bitcoin options for June and December 2021, but what are the chances of BTC price reaching this level by then? Over the past three weeks, $150,000 worth of Bitcoin (BTC) $50K call options for June and December 2021 strikes have been traded. LedgerX derivatives exchange has been intermediating these ultra bullish trades, but what could be the rationale behind them? There are some good reasons for buying options with such small odds, but paying $1,000 for the privilege of purchasing […]

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Global Compatibility Is A Key Factor In The CBDC Race, Says Expert

CBDCs will have to be internationally interoperable to become globally adopted, says a Hong Kong University expert. International interoperability will become the cornerstone of the CBDC race as it goes forward, according to Douglas Arner, director at Asian Institute of International Financial Law at the University of Hong Kong.  Speaking at the Unitize blockchain conference earlier today, Arner argued that the interconnections between different global economic systems will become “one of the biggest challenges — and one of the biggest opportunitiesâ€� as more countries are becoming involved […]

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Could a Cardano & Litecoin Team Up Be in the Works?

Cardano’s founder wants to posse up with Litecoin’s founder. Cardano founder Charles Hoskinson recently said that he would not mind working with Litecoin founder, Charlie Lee, to test cross chain communication. “It would be great to do something together,” Hoskinson said in a July 7 tweet to Lee.  Both men founded industry giants Hoskinson founded Cardano (ADA), which, at press time, sits seventh on the list of crypto assets in market cap size, according to CoinMarketCap. Litecoin maintains the eighth spot. Both figure heads hold notable status in […]

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Chainlink Rises 15% Amid China’s Blockchain Network Launch

LINK token experienced a massive price surge as China’s national blockchain network activated 135 nodes with integrated Chainlink price oracles. Chainlink (LINK) reached an all-time high of $5.60, appreciating 15% on the day. This comes amid the news that China’s Blockchain Service Network, or BSN, launched this past weekend. LINK price over the past 12 months. Source: Nomics. The BSN recently integrated Chainlink’s price oracles into its ecosystem. The founding members of the BSN consortium were local tech leviathans like the China Mobile Communication Corporation and China […]

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The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network

The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework. Tether (USDT) is the king of stablecoins in the crypto economy and according to the company’s transparency page, there are more than $9.8 billion tethers in existence. The stablecoin is a token that is also hosted on a number of […]

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South Korea Considers Blockchain-Run Free Trade Zone

The South Korean government considers a free trade zone for industrial hemp run on a blockchain-based platform. Andong, a city in the Gyeongbuk province of South Korea, announced on July 7 that they’ve been granted a permit to operate a free trade zone for industrial hemp. They additionally announced that they will manage their operations through a blockchain-based platform. According to Newspim, Gyeongbuk’s governor, Lee Chul-woo, held a press conference to reveal the permit granted to the city, allowing them to run the “Special Industrial Hemp Free […]

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