12 February, 2019 13:06
Binance CEO announces Binance Chain public trials in late February
Today, Binance CEO Changpeng Zhao has announced the date when trials of the company's blockchain Binance Chain start. Binance Chain is based on the Tendermint protocol provided by the Cosmos Network. The company decided to use this protocol as its architecture was determined as the best choice for the purposes of the new platform. As it was reported, Binance DEX blockchain will run on the Delegated Proof of Stake (DPoS) and the Byzantine Fault Tolerant (BFT) consensus.
12 February, 2019 12:07
Reality Shares targets partial bitcoin-ETF
An asset management company from California – Reality Shares – is considering possible way of adding Bitcoin to an exchange-traded fund (ETF). With this method, the company believes it has the best chance to get the green light from the US Securities and Exchange Commission (SEC). The ETF application was reportedly filed with the US SEC and published on the authority's website on February 11.
12 February, 2019 11:22
Former CEO at Mt Gox casts doubts on Brock plan for Mt Gox rebirth
The head of the dead and well-known crypto trading platform Mt Gox that owes huge sums to its clients Marc Karpeles commented on the recent message of Pierce Brock regarding his intentions to restart the exchange. Karpeles also noted that the civil rehabilitation process does not entail any dividends for stakeholders, as it would be in case of the bankruptcy. It is possible that Brock does not consider this fact. The former CEO doubt that the market will express any interest in the Mt Gox brand even if the exchange rebirth takes place.
11 February, 2019 18:02
Cryptos pose risks to people due to lack of regulation, Bank of Spain warns
The Central Bank of Spain reminded of the risks connected with operations with unregulated cryptos. The document outlines the entity’s attitude as for cryptos, their specifications, legal status in Spain and in the EU as well. It was also stated that exchanges have also not implemented national deposit guarantee systems, like the Deposit Guarantee Fund. If crypto was used to buy goods and services, customers will hardly be able to claim their rights in case of any troubles, the authority noted.
11 February, 2019 16:39
Commissioner Hester Peirce makes speech on crypto token classification
Commissioner Hester Peirce from the Securities and Exchange Commission (SEC) published a transcript of her recent presentation on the regulation of tokens and their classification as securities. She stressed that utility tokens which perform service functions within working networks should not be considered as securities. To get clear classification is crucial for a large number of companies.
11 February, 2019 15:55
ICE spokespersons: Bakkt can go live later this year with up to $25 million extra investments
ICE's bitcoin futures trading platform Bakkt is likely to be commissioned later in 2019. The parent company expressed intentions to spent about $25 million for further development of the platform. The CEO of New York Stock Exchange operator, Intercontinental Exchange (ICE) Jeffrey Sprecher commented on some details about the Bakkt project during the conference call regarding the company's financial performance in Q4 and 2018. The project development is said to be advancing at a high pace, so the launch may happen later in 2019.
11 February, 2019 14:04
Crypto transactions become subject to commission in Venezuela
Venezuela's crypto regulator Sunacrip has reportedly revised the crypto transfers requirements for individuals within the country. The new rules cover up to 15% commission depending on the amount of sent money. The new rules suggest that any cryptocurrency transfer will be subject to fees, which will be based on the transaction amount. As a result, the fee will start at EUR 0.25 per transaction and can reach up to 15%. The current amount of crypto transactions has been set at 10 Petros ($600) per month, while any overrunning of this sum will be subject to the regulator's consideration and green light.
11 February, 2019 11:58
Mauritius financial regulator launches licenses for crypto custodian services from March
Mauritius authorities are about to start issuing licenses to custodian service providers. The Financial Services Commission (FSC) has reportedly developed a regulatory environment in accordance with the draft rules set in November 2018. The new rules will come into force beginning from March. This step is expected to make Mauritius "the first jurisdiction globally to offer a regulated landscape" for digital assets storage.
11 February, 2019 10:54
US dollar generally positive, new trade concerns arise
On Monday, the US dollar was steady vs the majors on new concerns about US-China trade tensions as well as global economic upturn. At the same time, it posted some gains vs the Japanese yen. The euro to US dollar exchange rate decreased to some $1.1320 ($1.1456 at the previous session). The sterling decreased vs the greenback reaching $1.2914. The US dollar got stronger against the Japanese yen to some $109.99. Better positions were recorded against Chinese yuan. The American currency gained 0.4% to some 6.7697.
08 February, 2019 17:52
QuadrigaCX not subject to regulation by securities authority, Canadian regulator says
The securities regulator in Canada’s British Columbia reported that it actually did not regulate the problem crypto exchange QuadrigaCX that is in the market spotlight owing huge sums to its clients. The spokesperson for the British Columbia Securities Commission (BCSC), Brian Kladko noted that QuadrigaCX headquartered in Vancouver was not subject to regulation as it did not offer trading of securities or futures.
08 February, 2019 16:00
Invstr project announces new Cryptocurrency Index
Invstr reportedly rolls out a new Cryptocurrency Index designed for its platform. The new tool will help users monitor fluctuations of the prices as well as other changes of cryptocurrencies. The new index will enable customers to follow the fluctuations that occur in the segment, draw a comparison of certain crypto pairs. The index will also cover a number of digital assets, payments, as well as utility tokens. At present, the idex covers 18 cryptos.
08 February, 2019 14:15
Bithumb: Ortus OTC platform officially live
South Korean crypto exchange Bithumb announced the launch of its own over-the-counter platform, which will offer the services worldwide. The new platform called Ortus is designed to provide institutional clients with block deal as well as matchmaking services. The new Bithumb branch will be based in Hong Kong, though it also has offices in the UK, Australia, Argentina and Japan. The registration process involves KYC and AML procedures.