Commerzbank AG, has chosen to be involved with five proof-of-concept protocols. The bank started with MultiChain a few years ago before adding BigChainDB. Now it has joined three consortia: Hyperledger, R3 and Enterprise Ethereum Alliance. The bank has decided to work on these five protocols because it believes that the future of blockchains is interconnectivity....
An online news resource reported that AliPay has developed and piloted its first blockchain based electronic wallet cross border remittance. The transaction took place between Hong Kong and the Philippines. The recipients were AliPayHK and GCash, a Filipino payment app. Jack Ma, has said that the AliPayHK service will be brought to the rest of the world in the...
Diar, a cryptocurrency research firm, has published a study indicating that only a minority of total cryptocurrencies represent a clear majority of trading volume. Diar states that 0.36% of tradeable cryptocurrencies account for 69% of the total trade volume. The group reported that liquidity is very low on most traded tokens. The study shows that the price action...
VeChain has revealed new partnerships with DB Schenker and PwC ahead of its mainnet launch. The protocol has posted its official launch schedule to Twitter. The cryptocurrency community has been said to be confused on how to convert the outstanding VEN tokens to the new VET tokens that the protocol will use. It is expected that most exchanges will handle the token...
Venture capital (VC) firms are exploring ways to restructure legally and financially to tap into cryptocurrency investments. The contemplated restructuring addresses VC firm’s limitations on holding more than 20% of investments in liquid investments. Andreesen Horowitz, has created a separate pool of capital specifically for investments in the cryptocurrency...
Reality Shares is launching China’s first blockchain ETF. Investors will have access to Chinese companies that participate or invest in the blockchain space. Businesses will have to qualify for Reality Share’s BCNA Index. Reality Shares will use a proprietary Blockchain Score methodology, based on a quantitative process which evaluates the potential of blockchain...
Japans financial regulator, the Financial Services Agency (FSA), has issued business improvement orders to six of the country’s cryptocurrency exchanges. The following exchanges received the improvement orders: Bitflyer, Tech Bureau, Bitpoint Japan, Btcbox, Bitbank and Quoine. Bitflyer is Japan’s largest cryptocurrency exchange by volume. The orders mentioned that...
Stellar (XLM) is currently working on a deal to purchase blockchain finance company Chain for ~USD$500mm. The amount will be paid in Stellar Lumens (XLM). There is speculation that Ari Paul, CIO of multi-strategy cryptocurrency o The AI Machine Learning 3-Day Crypto Signal for Stellar is Don’t Own and was published this morning. Learn how to use ML 3-Day signals...
o The Winklevoss twins, along with three other partners have been awarded a patent to provide an exchange traded product (ETP) holding digital math-based assets. Additionally, the group will be able issue shares tied to the ETP. Last month, the Winklevoss twins were awarded a patent for a system that settles transactions for ETPs tied to cryptocurrencies. This is...
o A South Korean bill has been submitted which imposes new obligations on the country’s cryptocurrency exchanges. The country’s top regulator, Choi Jon-Ku – Chairman of the Financial Services Commission (FSC), stated Wednesday that the country needs to make the cryptocurrency transaction system stable to better protect traders. He continued by noting that an...
o Robinhood is reported to be negotiating with US regulators on becoming a bank, complete with traditional services like savings accounts. This year, the firm released cryptocurrency mobile trading and the firm received a USD$5.6bn valuation. The firm has been reported to be intalks with the Comptroller of the Currency. Additionally, there has been speculation...
o Spanish banking group BBVA and Spanish energy company Repsol have signed an agreement to develop blockchain solutions for corporate banking. The banking group and Repsol have already created the Hyperledger. BBVA is looking to conduct the entire loan process using blockchain – from negotiation of terms to signing. This April, the banking group issued a...
Litecoin futures will be launched tomorrow in the UK. The futures will be dollar denominated and allow investors to trade in futures contracts with Litecoin as the underpinning collateral. Maturities available for trading include weekly, monthly and quarterly. Just a month ago, the UK based platform, Crypto Facilities, launched Ethereum futures. The platform will...
The Europol will be discussing with European cryptocurrencies on how to further crack down on illicit activity in a more aggressive manner. This week, the agency will be meeting with over a dozen major cryptocurrency exchanges in Europe with the end goal of preventing money laundering. Additionally, the agency is looking to enhance its capabilities in the world of...
Over 134 pages of customer complaints aimed at Coinbase have been filed to the SEC and the California Department of Business Oversight. One customer complained that money they transferred between Coinbase accounts never processed. The customer then went on to claim that Coinbase is holding the funds for investing purposes. Other customers complained of similar...
CBOE President, Chris Concannon, has said that initial coin offerings could soon face a regulatory reckoning. Concannon warned that the SEC will classify ICOs as unregistered securities. It was reported that in 2017 the ICO market raised USD$4bn and is projected to raise USD$7bn in 2018. The AI Machine Learning 3-Day Crypto Signal for EOS is Don’t Own and was...
Coinbase’s CEO, Brian Armstrong has told new employees through a twitter thread that they should not be worried over the recent decline in Bitcoin’s price. When crypto activity surged late last year, Coinbase’s staff went from 250 employees to 500 employees. The CEO mentioned that the firm can use this down cycle in the crypto market to build a strong foundation...
The Brave blockchain platform, which is an ad-blocking web browser, has started a trial of ads that rewards its users for watching advertisements. The platform is looking to become a content-based and a pro-privacy overhaul of online advertising. Brave’s token is the Basic Attention Token (BAT) which fuels the blockchain. The browser currently contains 250...