Tag Archives: News

Santander, one of the largest banks in the world based in Spain, has issued a blockchain bond and started using a public blockchain to manage all aspects of debt issuance.According to the Spanish banking giant, they used a token on Ethereum to represent the $20 million debt issuance and what is more, settled it with another set of ERC-20 tokens representing cash held in a custody account. As Coindesk has reported, the transaction conducted was a plain-vanilla bond with a one-year maturity,...

Recently, Tesla CEO Elon Musk suggested that the new Tesla pickup truck will be available most likely by November. Now, Musk has made another promise about the Model S, Model X and Roadster Tesla Productions in the future. Musk tweeted that “the only thing beyond Ludicrous is Plaid”, suggesting that the new models will have a much stronger and impressive performance range than the current Ludicrous.In a separate tweet, Musk gave further details, however vaguely, about the “Plaid powertrain”...

Photo: BinanceCryptocurrency exchange Binance has already finished the total setup for operations in the United States. In a post on their official medium handle, Binance US using the domain name: binance.us gave the required steps that will ensure users based in the United States get to operate the platform.Binance pulled out of the United States due to uncertainty in the regulatory environment and the US government’s recent anti-crypto stance.The United States Operates by a Different Set...

Photo: Bitwise / TwitterBitwise has tapped into the experience of the Bank of New York Mellon. It has appointed the BNY Mellon to serve as the administrator and transfer agent for its forthcoming Bitcoin exchange-traded fund (ETF). Bitwise filed an amendment to its Bitwise Bitcoin ETF S-1 form on September 11. It then submitted the amendment to the United States Securities and Exchange Commission (SEC) on the same day.The amendment lists Foreside Fund Services as the marketing agent, BNY...

Litecoin price is correcting lower after trading towards the $75.00 level against the US Dollar.LTC price is likely to remain supported near the $68.00 and $66.00 levels.There is a crucial bullish trend line forming with support near $66.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could start a fresh increase if it breaks the $70.00 and $72.00 resistance levels.Litecoin price is showing positive signs against the US Dollar, while bitcoin is correcting lower....

Seed CX is a cryptocurrency derivatives platform. Now with the help of its subsidiary Zero Hash, the company plans to offer bilateral crypto derivatives transactions. That way, Seed CX aims to attract financial institutions to settle derivatives on their platform.The company announced that initially, it will support back-office settlement functions for Bitcoin forwards. Later, the firm plans to add support for options as well, but the approximate time frame wasn’t specified.As the company...

A new survey conducted by analytics firm Gate Trade suggests that Telegram users in Iran are earning an average of $500 to $3,000 in cryptocurrency funds. Iran Is Boosting Its Crypto UsageIran has been heavily into cryptocurrency following new economic sanctions from the United States and President Donald Trump pulling his country out of the 2015 nuclear deal. Iran has sought ways to alleviate some of the issues stemming from these sanctions including potentially introducing a national...

Cameron and Tyler Winklevoss of the Gemini Exchange claim to have built a better vault system to protect their customers’ bitcoin and cryptocurrency assets. Gemini Brings On a Bigger, Better VaultOne of the big questions meandering through the crypto space as of late is, “How can we ‘insure’ people’s money? What can we do to protect money and ensure it remains safe from hackers?” After so many instances involving lost funds and personal data over the years, the question makes complete...

Well, it seems analysts are now saying that bitcoin has failed to live up to our expectations. The currency, despite the harsh trade war conditions that should have put it in a top spot on the financial map, has really failed to rally the way many industry experts thought it would, and at press time, many are hoping the currency can turn itself around before 2020 shows itself.Bitcoin Ain’t Doing So HotIn August, trade war conditions were at their worst. The U.S. and China were at each other’s...

Mastercard and fintech firm R3 have entered a partnership to develop a solution that will enable cross-border payments which include localized payments and interbank settlements and clearing of payment obligations. The solution will have a primary focus on connecting financial payment systems.Mastercard earlier this year has expanded its payment system with its acquisition of Transfast. This greatly improved its ability to clear transactions on a global scale as Transfast has operations and...