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Bitcoin Attracts Opportunity Seeking High-Speed Traders

Retail Versus Institutional: The Fight for Profitability in Bitcoin (BTC)

June 27, 2019 by Ashwath Balakrishnan at Bitcoin

A CFTC report has highlighted a 14 percent increase in short positions held by institutions and big traders in the CME Bitcoin futures market. Smaller retail traders are taking the other side of this trade, leading market experts to think there may be a missing piece to the puzzle, as reported...

Imgur Secures $20 Million Funding from Coil to Expand its Platform

June 27, 2019 by Ogwu Osaemezu Emmanuel at Business

Imgur, an online image sharing community and image host with more than 300 million users, has secured $20 in funding from Coil, a blockchain-powered content monetization platform. The partnership will enable Imgur to expand its business and reward content creators with XRP, according to a press release on June 26,...

Bitcoin Can Erode America’s Hegemony on the World Reserve Currency

June 27, 2019 by Ashwath Balakrishnan at Bitcoin

As bitcoin (BTC) surges in value, positive investment theses for digital assets are resurfacing. Those who have been involved in the space long enough understand the power bitcoin as a universal currency. Now, corporations and governments are finally entering the space to either utilize or regulate cryptocurrencies as they are...

Crypto-Linked Businesses in Switzerland Demand Banking Access

June 26, 2019 by Ogwu Osaemezu Emmanuel at Finance, News

While the government of crypto-friendly Switzerland have since put in place amenable regulations to govern the region’s blockchain and digital assets ecosystem, traditional financial institutions in the country remain reluctant to service cryptocurrency-related startups. Now, pioneers of the Swiss blockchain and crypto sector say it is high time the banks...

U.S. CFTC Greenlights LedgerX Bitcoin Derivatives Contracts

June 26, 2019 by Aisshwarya Tiwari at Bitcoin

The U.S. Commodity Futures Trading Commission (CFTC) on June 25, 2019, approved LedgerX LLC’s application seeking to establish itself as a designated contract market that would offer retail investors spot and physically-settled derivatives contracts that pay out in bitcoin (BTC). Bitcoin Paying Derivatives to Debut in July The U.S.-based regulated...

Quadriga CX CEO Spent User Funds on Margin Trades

June 21, 2019 by Ashwath Balakrishnan at Regulation

The Supreme Court of Nova Scotia has revealed that users' cryptocurrency funds were not maintained exclusively in Quadriga CX's cold and hot wallets, but also on other exchanges and platforms. The now deceased CEO, Gerald Cotton, also used these funds to margin trade in his accounts, as per a court...

BNP Paribas and Octopus Ventures Lead $16.5 Million Funding Round for Token Stablecoin Banking Startup

June 20, 2019 by Osato Avan-Nomayo at Adoption, Finance

Opera Tech Ventures, a subsidiary of BNP Paribas, and Octopus Ventures have led a $16.5 million funding round for Token, a stablecoin open banking platform. Token becomes the latest entrant in the expanding field of digital payment solutions utilizing elements of cryptocurrency and blockchain technology. Token Stablecoin Open Banking Platform...

Hands Holding a Folder with Commercial Paper from Euroclear on it

European Commercial Paper (ECP) on Blockchain Thanks to Banco Santander and EY

June 20, 2019 by Edoardo Vecchio at Blockchain

The Belgian company Euroclear has announced the development of a blockchain project for the issuance of European Commercial Paper (ECP). The proposed solution is a collaboration between the European Investment Bank (EIB), Euroclear, Banco Santander, and EY. Bringing more Transparency to the ECP Market Euroclear announced on June 19, 2019, that...

Litecoin Cryptodebit card being held with lightning coming off it

Litecoin Foundation to Launch Crypto Debit Card in Three-Way Partnership

June 19, 2019 by Aisshwarya Tiwari at Finance, News

In a blog post published on June 18, 2019, the Litecoin Foundation announced that it had partnered with cryptocurrency exchange Bibox and blockchain startup Ternio to release a special edition crypto-enabled debit card called Litecoin BlockCard. Aim to Ease Spending of Digital Currencies One of the major obstacles that have...

Report: Bitcoin Works as a Hedge For Economic Freedom

June 18, 2019 by Ashwath Balakrishnan at Finance, News

Grayscale Investments has released their latest research report, highlighting the importance of self-sustaining and uncontrollable money to stop governments from curbing a person's right to move their own money. Key examples come from Greek banking crises and China's dirty floating on the Yuan, June 18, 2019. Eliminating Geopolitical Risks Global...

Wilshire Phoenix’s Bitcoin Trust Product Checks all the Regulatory Boxes

June 16, 2019 by Liam J Kelly at Bitcoin

In an interview with BTCManager, the CEO of the New York-based investment firm Wilshire Phoenix Funds LLC. said that their United States Bitcoin and Treasury Investment Trust product is one of the most promising yet. Alongside the rise and fall of the BitWise and VanEck Bitcoin derivative offerings, William Herrmann...

Bakkt Confirms Launch of Futures on September 23

Bakkt Reveals July 22 Date for Bitcoin Futures Testing

June 14, 2019 by Aisshwarya Tiwari at Bitcoin, News

In a Medium post published on June 13, 2019, Bakkt COO Adam White stated that the institutional-grade cryptocurrency trading platform will begin testing its physically-settled bitcoin (BTC) futures from July 22, 2019. Bitcoin Futures User Acceptance Testing to Commence in July 2019 In the blog post, White stated that Bakkt...

Late Start? No Problem. Beaxy Crypto Exchange Sweeps up Top Features

June 11, 2019 by Liam J Kelly at Business

In a press release shared with BTCManager, Beaxy Digital LTD, a cryptocurrency exchange, launched their fully-regulated trading platform on June 11, 2019. The exchange boasts quick transaction speeds on 16 different crypto assets and looks to mimic traditional trading products from legacy finance. In partnering with OneMarketData, a data analytics...

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