Tag Archives: News

Innovative and top tier German stock exchange Boerse Stuttgart is the second largest in terms of trading volume and number of deals and has introduced a digital asset exchange called BSDEX, which goes live today. Currently, the platform offers Bitcoin spot trading. The platform will be open to German residents this year and early next year the exchange will be open to the residents of the European Union. Immediately though only a few chosen traders are allowed to trade on the platform. Retail...

Ethereum price started a downside correction after trading as high as $225 against the US Dollar.ETH price is currently trading below the $210 support and is testing the $200 handle.There is a crucial bullish trend line forming with support near $198 on the 4-hours chart (data feed from Coinbase).The price is likely to bounce back as long as there is no daily close below $198 and $193.Ethereum price is closing in towards major support near $198 against the US Dollar. ETH price could bounce...

On Monday, September, Bakkt announced the commencement of the trading facility for its physically-settled Bitcoin Futures contracts. Bakkt‘s Bitcoin Futures contracts offer both, daily contracts and monthly contract settlement options. Besides, that Bakkt platform also provides Warehouse facility for storing the physically-delivered Bitcoin tokens upon contracts expiry.But despite much hype surrounding the launch of Bakkt Bitcoin Futures, the first day of trading was not very impactful. On...

The Canadian social media and messaging app company Kik said to be thinking about possible shutting down of its popular Kik messaging app.Two people familiar with the matter claim that the company is moving all the app’s users to alternative platforms. They also added 70 employees of Kik’s Israeli cryptocurrency subsidiary Kin being noticed about possible layoffs even though some will allegedly be offered the option of transferring to a new company that is based on the same technology, the...

Photo: OverstockOnline retail giant Overstock announced that they’re enthroning Jonathan Johnson, who was previously temporary signed, to be no its permanent CEO. Just for reminder, 10 days ago, the company’s, now ex CEO Patrick Byrne, announced that he’s dumped all of his equity holdings in the company over because, as he said, both the “deep state” and the government for his sale.In a cryptic message to “Erstwhile Teammates” on his personal website, Patrick Byrne was “explaining” the...

Networking giant Cisco Systems decided to go with the blockchain-based platform developed by SingularityNET to host its decentralized AGI project.SingularityNET is a startup that labels itself as a “decentralized artificial intelligence” company, and them working with Cisco Systems on such an ambitious project is a big deal.When talking about artificial intelligence technologies it should be clear that this is in no way new technology. But the truth is, its development is something that...

Elementus, which seeks to locate illicit transactions involving digital currency, has garnered nearly $4 million in funds from Fidelity Investments, a company that has become rather friendly with crypto over the past year. Elementus Is Getting the Money It NeedsThe funding round was led by Morgan Creek Digital and saw several other institutions pledging their dollars and cents towards the company including Avon Ventures and Devonshire Investors. In addition, Stage 1 Ventures and Robot...

The Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), launched its own bitcoin futures contracts for the first time on Sunday.Futures Contracts Are All the RageThe idea regarding futures contracts and trading physical bitcoins has been intriguing to most, with other companies like Chicago’s CME recently saying it will also launch bitcoin futures starting in early 2020. What’s special about ICE’s bitcoin futures is that this potentially marks the first move of...

The People’s Bank of China (PBoC) announced that the long-awaited central bank-issued digital currency will not be ready in November as it had been predicted in crypto circles. From the bank, they added that reports saying Alibaba and Tencent are among the first financial institutions to receive the currency was incorrect.This came as a surprise because just few weeks ago we could hear that it will “be better than Libra“, and they even enthroned their new digital currency chief Changchun Mu...

Swiss stock exchange SIX announced that they have launched a pilot version of its exchange and central securities depository (CSD) for digital assets.This prototype platform, launched under SIX Digital Exchange (SDX) which is its digital assets branch, is expected to experience the even better performance as it will be proceeding towards a full launch slated for Q4 2020.According to Jos Dijsselhof, who is the head of SIX, the existing system could be completely replaced by the SDX within just...