Coinbase to Acquire Licensed Broker-Dealers to Offer Securities
The United States Securities and Exchange Commission (SEC) has given Coinbase approval to buy three companies, including Keystone Capital Corp, Digital Wealth LLC, and Venovate Marketplace Inc. Keystone Capital and Venovate Marketplace are officially registered as broker-dealers with the SEC and FINRA. Once the acquisition is complete and these companies merge with Coinbase, it will have the ability to offer securities trading. This makes Coinbase the first crypto exchange that will be able to offer crypto securities trading to US citizens.
Read full article at https://bitcoinnews.com/coinbase-to-acquire-licensed-broker-dealers-to-offer-securities/
Video https://www.youtube.com/watch?v=uq2CFrEv1kM
Topic: BitcoinNews: #1 In Blockchain News - page 41. (Read 4502 times)
BlackRock CEO Denies Previous Reports of Crypto Foray
On 16 July 2018, a news story that BlackRock was creating a team to explore cryptocurrency investment was thought to have sparked a 5% Bitcoin rally. This news story was based on insider tips to Financial News London. Now the CEO of BlackRock, Larry Fink, has denied these reports.
Larry Fink said, “I don’t believe any client has sought out crypto exposure. I’ve not heard from one client who says I need to be in this.”
Read full article at https://bitcoinnews.com/blackrock-ceo-denies-previous-reports-of-crypto-foray/
Video https://www.youtube.com/watch?v=qRt4OzYouxo
On 16 July 2018, a news story that BlackRock was creating a team to explore cryptocurrency investment was thought to have sparked a 5% Bitcoin rally. This news story was based on insider tips to Financial News London. Now the CEO of BlackRock, Larry Fink, has denied these reports.
Larry Fink said, “I don’t believe any client has sought out crypto exposure. I’ve not heard from one client who says I need to be in this.”
Read full article at https://bitcoinnews.com/blackrock-ceo-denies-previous-reports-of-crypto-foray/
Video https://www.youtube.com/watch?v=qRt4OzYouxo
7 Banks to Form Trade Finance Blockchain Platform in Hong Kong
Seven banks including Hong Kong’s banking regulator are to launch a trade finance platform this September using blockchain.
The platform is reported to be one of the largest government-led cross-bank cooperation globally. It will include UK banking giant HSBC and Standard Chartered PLC. HSBC is the seventh largest bank globally by assets and the largest in Europe; Standard Chartered is a London-based bank with businesses across Asia.
Read full article at https://bitcoinnews.com/7-banks-to-form-trade-finance-blockchain-platform-in-hong-kong/
Video https://www.youtube.com/watch?v=koyBAcuxLTU
Seven banks including Hong Kong’s banking regulator are to launch a trade finance platform this September using blockchain.
The platform is reported to be one of the largest government-led cross-bank cooperation globally. It will include UK banking giant HSBC and Standard Chartered PLC. HSBC is the seventh largest bank globally by assets and the largest in Europe; Standard Chartered is a London-based bank with businesses across Asia.
Read full article at https://bitcoinnews.com/7-banks-to-form-trade-finance-blockchain-platform-in-hong-kong/
Video https://www.youtube.com/watch?v=koyBAcuxLTU
China Sees 500% Spike in Blockchain-Named Companies
Blockchain (qukualian in Chinese) is fast becoming a byword in Chinese business circles according to the South China Morning Post, as the word now appears in company names with a six-fold frequency compared to last year.
Figures reportedly show that most of this flurry of activity inciting companies to squeeze the word qukualian into company names actually happened since the beginning of the year. This alone seems to indicate the level at which blockchain is taking hold as a technology in China’s fintech space.
Read full article at https://bitcoinnews.com/china-sees-500-spike-in-blockchain-named-companies/
Video https://www.youtube.com/watch?v=k9N0lyIEd94
Blockchain (qukualian in Chinese) is fast becoming a byword in Chinese business circles according to the South China Morning Post, as the word now appears in company names with a six-fold frequency compared to last year.
Figures reportedly show that most of this flurry of activity inciting companies to squeeze the word qukualian into company names actually happened since the beginning of the year. This alone seems to indicate the level at which blockchain is taking hold as a technology in China’s fintech space.
Read full article at https://bitcoinnews.com/china-sees-500-spike-in-blockchain-named-companies/
Video https://www.youtube.com/watch?v=k9N0lyIEd94
38% of South Africans Polled Regret Missing Early Bitcoin Uptake
A recent poll in South Africa on awareness and attitudes towards cryptocurrency has shown that 38% of respondents wished that they had invested in digital currency before, writes Cointelegraph.
The poll was conducted by Pan-African financial services company Old Mutual Limited. The annual Savings and Investment Monitor survey for South Africa revealed that in general, South Africans were currently largely positive about cryptocurrencies.
Along with 38% of people responding positively to the statement “I wish I had invested in [crypto] before”, another statement, “You can make a lot of money with them”, received a huge 71% agreement from the public.
Read full article at https://bitcoinnews.com/38-of-south-africans-polled-regret-missing-early-bitcoin-uptake/
Video https://www.youtube.com/watch?v=vzhAIK8hFFg
A recent poll in South Africa on awareness and attitudes towards cryptocurrency has shown that 38% of respondents wished that they had invested in digital currency before, writes Cointelegraph.
The poll was conducted by Pan-African financial services company Old Mutual Limited. The annual Savings and Investment Monitor survey for South Africa revealed that in general, South Africans were currently largely positive about cryptocurrencies.
Along with 38% of people responding positively to the statement “I wish I had invested in [crypto] before”, another statement, “You can make a lot of money with them”, received a huge 71% agreement from the public.
Read full article at https://bitcoinnews.com/38-of-south-africans-polled-regret-missing-early-bitcoin-uptake/
Video https://www.youtube.com/watch?v=vzhAIK8hFFg
Blockchain Company R3 Mulls IPO
R3 has announced considerations of launching an initial public offering (IPO). Advisors are being consulted regarding the viability of an IPO, as several potential buyers have already approached the company. The final decision lies on the shoulders of R3’s founder and CEO David Rutter, with input given from R3’s investors.
R3 is a blockchain collaboration of sorts, with over 200 members participating. Companies involved in this ecosystem range from tech giants like Intel and Microsoft to established financial institutions like US Bancorp and Wells Fargo, illustrating a unique mixture of what the Fintech sector has to offer.
Read full article at https://bitcoinnews.com/blockchain-company-r3-mulls-ipo/
Video https://www.youtube.com/watch?v=bv9-JnFq0Tg
R3 has announced considerations of launching an initial public offering (IPO). Advisors are being consulted regarding the viability of an IPO, as several potential buyers have already approached the company. The final decision lies on the shoulders of R3’s founder and CEO David Rutter, with input given from R3’s investors.
R3 is a blockchain collaboration of sorts, with over 200 members participating. Companies involved in this ecosystem range from tech giants like Intel and Microsoft to established financial institutions like US Bancorp and Wells Fargo, illustrating a unique mixture of what the Fintech sector has to offer.
Read full article at https://bitcoinnews.com/blockchain-company-r3-mulls-ipo/
Video https://www.youtube.com/watch?v=bv9-JnFq0Tg
Kodak-Branded Bitcoin Mining Scheme Collapses Amid Scam Rumors
A Bitcoin mining scheme working under the Kodak brand has ceased operations, while Kodak has told the BBC it never officially licensed the project.
The Kodak KashMiner was launched in January this year and featured on the official Kodak stand during the CES technology show in Las Vegas. Critics accused the scheme of advertising unachievable profits and misleading information from the start, labeling the venture a scam.
Read full article at https://bitcoinnews.com/kodak-branded-bitcoin-mining-scheme-collapses-amid-scam-rumors/
Video https://www.youtube.com/watch?v=JrkJtY7aVgo
A Bitcoin mining scheme working under the Kodak brand has ceased operations, while Kodak has told the BBC it never officially licensed the project.
The Kodak KashMiner was launched in January this year and featured on the official Kodak stand during the CES technology show in Las Vegas. Critics accused the scheme of advertising unachievable profits and misleading information from the start, labeling the venture a scam.
Read full article at https://bitcoinnews.com/kodak-branded-bitcoin-mining-scheme-collapses-amid-scam-rumors/
Video https://www.youtube.com/watch?v=JrkJtY7aVgo
UK Tipped as Global Blockchain Hub Contender in Rise of “Digital Economy 2.0”
According to an in-depth analysis report, should the United Kingdom further pursue a bullish approach to the blockchain and cryptocurrency industry, it has “significant potential to become a global blockchain hub by 2025”.
Read full article at https://bitcoinnews.com/uk-tipped-as-global-blockchain-hub-contender-in-rise-of-digital-economy-2-0/
Video https://www.youtube.com/watch?v=_MlKu_TgcyA
According to an in-depth analysis report, should the United Kingdom further pursue a bullish approach to the blockchain and cryptocurrency industry, it has “significant potential to become a global blockchain hub by 2025”.
Read full article at https://bitcoinnews.com/uk-tipped-as-global-blockchain-hub-contender-in-rise-of-digital-economy-2-0/
Video https://www.youtube.com/watch?v=_MlKu_TgcyA
Buying up All the Bitcoin in the World: Could It Happen?
If a government, corporation, or individual bought up almost all the Bitcoins in the world, what would happen? In theory, based on the law of supply and demand, the act of buying up almost all available Bitcoin would result in several things.
First, it would drastically decrease supply, while demand from investors, traders, and users would at least stay constant and probably increase significantly from speculation caused by the price spike that occurs when someone is single-handedly buying up all the Bitcoins. When there is less supply but the same or increased demand, then price rises.
Read full article at https://bitcoinnews.com/buying-up-all-the-bitcoin-in-the-world-could-it-happen/
Video https://www.youtube.com/watch?v=hioud3YL8f4
If a government, corporation, or individual bought up almost all the Bitcoins in the world, what would happen? In theory, based on the law of supply and demand, the act of buying up almost all available Bitcoin would result in several things.
First, it would drastically decrease supply, while demand from investors, traders, and users would at least stay constant and probably increase significantly from speculation caused by the price spike that occurs when someone is single-handedly buying up all the Bitcoins. When there is less supply but the same or increased demand, then price rises.
Read full article at https://bitcoinnews.com/buying-up-all-the-bitcoin-in-the-world-could-it-happen/
Video https://www.youtube.com/watch?v=hioud3YL8f4
I really like good news about bitcoin and all crypto news. We all want to have really good opportunities in the future using bitcoin and blockchain technologies.
Hedge Fund King Steven Cohen is Dipping into Crypto
Steven Cohen, owner of Point72 Asset Management with around USD 12 billion in assets under management, is investing in cryptocurrency and blockchain. Cohen Private Ventures is investing in Autonomous Partners, a new hedge fund that is buying up equity in blockchain companies as well as directly investing in Bitcoin, Ethereum and other promising new cryptocurrencies.
Read full article at https://bitcoinnews.com/hedge-fund-king-steven-cohen-is-dipping-into-crypto/
Video https://www.youtube.com/watch?v=ftunvR6GLwI
Steven Cohen, owner of Point72 Asset Management with around USD 12 billion in assets under management, is investing in cryptocurrency and blockchain. Cohen Private Ventures is investing in Autonomous Partners, a new hedge fund that is buying up equity in blockchain companies as well as directly investing in Bitcoin, Ethereum and other promising new cryptocurrencies.
Read full article at https://bitcoinnews.com/hedge-fund-king-steven-cohen-is-dipping-into-crypto/
Video https://www.youtube.com/watch?v=ftunvR6GLwI
A Snapshot of Top 10 Cryptocurrencies by Market Cap
Market capitalization in cryptocurrency is one of the most common points of reference for newcomers when trying to familiarize themselves with some of the most used or popular cryptocurrencies. In general, market cap combined with daily trading volume can be used as an indicator of how popular a cryptocurrency is and how much money is invested in it.
Read full article at https://bitcoinnews.com/a-snapshot-of-top-10-cryptocurrencies-by-market-cap/
Video https://www.youtube.com/watch?v=6ruLrnB8Hwc
Market capitalization in cryptocurrency is one of the most common points of reference for newcomers when trying to familiarize themselves with some of the most used or popular cryptocurrencies. In general, market cap combined with daily trading volume can be used as an indicator of how popular a cryptocurrency is and how much money is invested in it.
Read full article at https://bitcoinnews.com/a-snapshot-of-top-10-cryptocurrencies-by-market-cap/
Video https://www.youtube.com/watch?v=6ruLrnB8Hwc
AidCoin’s Robert Robinson: Trust the Blockchain and Boost Trust in Charities
The charity sector has been experiencing a steady decline of public trust in the United Kingdom. Figures from the UK’s Charity Commission show a downward trend since 2014, with a fall in confidence corresponding with increased media scrutiny on charities, a lack of trust with how donations are spent and the lack of knowledge about where those donations go.
One charity in the UK decided to partner with a blockchain solution to remedy the situation and there are more similar collaborations seeking to leverage blockchain innovations such as transparency and efficiency to revive flagging trust in the charity sector.
Read full article at https://bitcoinnews.com/aidcoins-robert-robinson-trust-the-blockchain-and-boost-trust-in-charities/
Video https://www.youtube.com/watch?v=IzANsn5iEiU
The charity sector has been experiencing a steady decline of public trust in the United Kingdom. Figures from the UK’s Charity Commission show a downward trend since 2014, with a fall in confidence corresponding with increased media scrutiny on charities, a lack of trust with how donations are spent and the lack of knowledge about where those donations go.
One charity in the UK decided to partner with a blockchain solution to remedy the situation and there are more similar collaborations seeking to leverage blockchain innovations such as transparency and efficiency to revive flagging trust in the charity sector.
Read full article at https://bitcoinnews.com/aidcoins-robert-robinson-trust-the-blockchain-and-boost-trust-in-charities/
Video https://www.youtube.com/watch?v=IzANsn5iEiU
American Express Latest Blockchain Patent Application to Provide Payment Evidence
An application released last week by the US Patent and Trademark Office shows that multinational financial services corporation American Express (AmEx) is seeking to patent a blockchain payment system.
Patent details
The application details a blockchain-based system to aid financial transactions, specifically in terms of confirming transaction totals and merchant identities. It would also encrypt the proof-of-payment details using the blockchain’s public key, maintaining this on a first blockchain node.
Read full article at https://bitcoinnews.com/american-express-latest-blockchain-patent-application-to-provide-payment-evidence/
Video https://www.youtube.com/watch?v=ULOtKajk9ms
An application released last week by the US Patent and Trademark Office shows that multinational financial services corporation American Express (AmEx) is seeking to patent a blockchain payment system.
Patent details
The application details a blockchain-based system to aid financial transactions, specifically in terms of confirming transaction totals and merchant identities. It would also encrypt the proof-of-payment details using the blockchain’s public key, maintaining this on a first blockchain node.
Read full article at https://bitcoinnews.com/american-express-latest-blockchain-patent-application-to-provide-payment-evidence/
Video https://www.youtube.com/watch?v=ULOtKajk9ms
Bulgaria to Monitor Crypto Market with Focus on Regulatory Steps
Bulgaria has announced that it is to begin monitoring cryptocurrency and ICO activities in the country through its government watchdog, according to Cryptovest. The focus of Bulgaria’s Financial Supervision Commission (FSC) will be securing a safeguard against illegal activity such as money laundering and fraud connected with cryptocurrency.
As reported in Bitcoin News over the past few days, Bulgaria seized a massive BTC 213,519 in May currently worth around USD 1.4 billion, making the country a substantial holder of the currency. The total would reportedly be enough to pay off a quarter of Bulgaria’s national debt.
Read full article at https://bitcoinnews.com/bulgaria-to-monitor-crypto-market-with-focus-on-regulatory-steps/
Video https://www.youtube.com/watch?v=FOXBO8iPSh4
Bulgaria has announced that it is to begin monitoring cryptocurrency and ICO activities in the country through its government watchdog, according to Cryptovest. The focus of Bulgaria’s Financial Supervision Commission (FSC) will be securing a safeguard against illegal activity such as money laundering and fraud connected with cryptocurrency.
As reported in Bitcoin News over the past few days, Bulgaria seized a massive BTC 213,519 in May currently worth around USD 1.4 billion, making the country a substantial holder of the currency. The total would reportedly be enough to pay off a quarter of Bulgaria’s national debt.
Read full article at https://bitcoinnews.com/bulgaria-to-monitor-crypto-market-with-focus-on-regulatory-steps/
Video https://www.youtube.com/watch?v=FOXBO8iPSh4
How to Properly Secure Bitcoin by Controlling the Private Key
Bitcoin’s popularity and use has grown astronomically since it was first released in 2009; now there is over USD 100 billion invested into Bitcoin with several billion USD of trading volume. However, most people do not take the proper steps to ensure that they fully control their Bitcoin by controlling the private key.
One of the key beneficial attributes of Bitcoin is that it gives control of money to its owner, as opposed to banks which can seize or freeze money at any time at their discretion. However, one does not fully control their Bitcoins unless they control their private key. This is an aspect of Bitcoin many users are unaware of, often resulting in mistakes and loss of funds.
Read full article at https://bitcoinnews.com/how-to-properly-secure-bitcoin-by-controlling-the-private-key/
Bitcoin’s popularity and use has grown astronomically since it was first released in 2009; now there is over USD 100 billion invested into Bitcoin with several billion USD of trading volume. However, most people do not take the proper steps to ensure that they fully control their Bitcoin by controlling the private key.
One of the key beneficial attributes of Bitcoin is that it gives control of money to its owner, as opposed to banks which can seize or freeze money at any time at their discretion. However, one does not fully control their Bitcoins unless they control their private key. This is an aspect of Bitcoin many users are unaware of, often resulting in mistakes and loss of funds.
Read full article at https://bitcoinnews.com/how-to-properly-secure-bitcoin-by-controlling-the-private-key/
Bitcoin Oversold, Could Rebound Soon from Lowest RSI Since August 2016
The Bitcoin relative strength index (RSI) on Bitfinex, one of the largest USD to Bitcoin exchanges, is at its lowest point since August 2016. Such a low RSI could indicate that the market is oversold and might be ready for a price rebound, based on past Bitcoin market behavior after RSI hit such low levels.
Read full article at https://bitcoinnews.com/bitcoin-oversold-could-rebound-soon-from-lowest-rsi-since-august-2016/
The Bitcoin relative strength index (RSI) on Bitfinex, one of the largest USD to Bitcoin exchanges, is at its lowest point since August 2016. Such a low RSI could indicate that the market is oversold and might be ready for a price rebound, based on past Bitcoin market behavior after RSI hit such low levels.
Read full article at https://bitcoinnews.com/bitcoin-oversold-could-rebound-soon-from-lowest-rsi-since-august-2016/
Ex-Trump Strategist Bannon: Bitcoin is Disruptive Populism
Stephen Bannon, the former chief strategist for President Donald Trump of the United States, says Bitcoin takes control back from central authorities and that is disruptive populism. He has invested a “good stake” in Bitcoin, and his investment business Bannon & Company has been meeting with cryptocurrency investors and hedge funds to discuss initial coin offerings.
Read full article at https://bitcoinnews.com/ex-trump-strategist-bannon-bitcoin-is-disruptive-populism/
Stephen Bannon, the former chief strategist for President Donald Trump of the United States, says Bitcoin takes control back from central authorities and that is disruptive populism. He has invested a “good stake” in Bitcoin, and his investment business Bannon & Company has been meeting with cryptocurrency investors and hedge funds to discuss initial coin offerings.
Read full article at https://bitcoinnews.com/ex-trump-strategist-bannon-bitcoin-is-disruptive-populism/
SEC Says Bitcoin, Ethereum Not Securities Due to Decentralized Nature
The director of the Securities and Exchange Commission (SEC) division of corporate finance, William Hinman, has announced that Bitcoin and Ethereum will not be regulated securities and are, therefore, not under the jurisdiction of the SEC.
This follows an announcement from SEC chief Jay Clayton earlier in June 2018 that Bitcoin was not a security, making Bitcoin and Ethereum the only cryptocurrencies that have gotten the all-clear from the SEC.
Read full article at https://bitcoinnews.com/sec-says-bitcoin-ethereum-not-securities-due-to-decentralized-nature/
The director of the Securities and Exchange Commission (SEC) division of corporate finance, William Hinman, has announced that Bitcoin and Ethereum will not be regulated securities and are, therefore, not under the jurisdiction of the SEC.
This follows an announcement from SEC chief Jay Clayton earlier in June 2018 that Bitcoin was not a security, making Bitcoin and Ethereum the only cryptocurrencies that have gotten the all-clear from the SEC.
Read full article at https://bitcoinnews.com/sec-says-bitcoin-ethereum-not-securities-due-to-decentralized-nature/
Chinese Bitcoin Tycoons’ Battle of Words Over BTC 30,000
Chinese entrepreneur Chen Weixing has got himself in hot water after accusing a fellow national “Bitcoin tycoon” of misrepresenting the truth over raising Bitcoin funds, writes Coindesk.
Chen, CEO of an app-development firm called Fun City, is a known blockchain enthusiast, having invested in a long list of Chinese blockchain projects, including Qtum and Tron, and exchange operators such as Binance and Huobi, according to Quartz. He made news in 2015 when he announced a ride-sharing project with Yang Jun, co-founder of Chinese group deals app Meituan.
Read full article at https://bitcoinnews.com/chinese-bitcoin-tycoons-battle-of-words-over-btc-30000/
Chinese entrepreneur Chen Weixing has got himself in hot water after accusing a fellow national “Bitcoin tycoon” of misrepresenting the truth over raising Bitcoin funds, writes Coindesk.
Chen, CEO of an app-development firm called Fun City, is a known blockchain enthusiast, having invested in a long list of Chinese blockchain projects, including Qtum and Tron, and exchange operators such as Binance and Huobi, according to Quartz. He made news in 2015 when he announced a ride-sharing project with Yang Jun, co-founder of Chinese group deals app Meituan.
Read full article at https://bitcoinnews.com/chinese-bitcoin-tycoons-battle-of-words-over-btc-30000/
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