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SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending

[ad_1] The U.S. Securities and Exchange Commission (SEC) is currently reviewing three bitcoin exchange-traded funds (ETFs), one of which was filed last week to track the prices of two cryptocurrencies. An SEC commissioner said at the Consensus conference on Monday that the time is right for a bitcoin ETF, as the commission is due to make a decision on one of them next week. Also read: Indian Supreme Court Postpones
BLOCKCHAIN

German State Announces Plan to Establish European Blockchain Institute

[ad_1] The government of the German state North Rhine-Westphalia (NRW) announced plans to establish the European Blockchain Institute to research blockchain technology in a press release on May 13.According to NRW Economics Minister Andreas Pinkwart, the European Blockchain Institute will be founded in the city of Dortmund later this year, inside the Fraunhofer Institute for Material Flow and Logistics (IML).The press release says that critics of blockchain have voiced concern
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CME’s Bitcoin Futures Break Records With $1 Billion in Notional Volume

[ad_1] The world’s largest options and futures exchange, Chicago Mercantile Exchange & Chicago Board of Trade (CME Group) and its bitcoin futures contracts saw an all-time high on May 13. According to CME’s records, the exchange recorded 33,700 contracts on Monday which represented a notional value of around 168,000 BTC ($1.35 billion). Also Read: Our Value of Money Is Subjective But That Doesn’t Make It Meaningless CME Sees Over $1B
BLOCKCHAIN

Crypto Custodians Foresee Growth in Partnerships with Traditional Custodians

[ad_1] Alexandre Kech, CEO of Onchain Custodian, predicted that collaboration between crypto and traditional custodians will grow.  Kech’s remarks came during a panel called “Custody: The New Global Competitive Landscape,” part of Consensus 2019 on May 14.Kech observed that crypto custodians are much better at adding new token support to their wallets and are willing to hold a variety of crypto assets. “We have the agility, both in terms of
BLOCKCHAIN

Facebook Onboards Two Former Coinbase Compliance Experts

[ad_1] Social networking giant Facebook has on-boarded two new compliance experts, who previously worked at United States major cryptocurrency exchange Coinbase.Mikheil Moucharrafie joined Facebook as compliance officer after almost four years of working at Coinbase. At the exchange, Moucharrafie held positions such as support analyst and quality assurance tester, anti-money laundering (AML)/bank secrecy investigator, compliance manager, and risk manager.Jeff Cartwright spent nearly five years at Coinbase as a compliance manager,
BLOCKCHAIN

Hyperledger Rolls Out Suite of Blockchain Tools for Interoperability

[ad_1] Hyperledger has introduced a set of tools dubbed “Hyperledger Aries” aimed at interoperability of different types of blockchain-based data. The company announced the development in a blog post on May 14.Hyperledger Aries is a set of tools that purportedly enables the exchange of blockchain-based data, supports peer-to-peer (P2P) messaging and facilitates interactions between different blockchains and other distributed ledger technologies.Per the post, Hyperledger rolled out the project in order
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Stablecoins Beat Bitcoin, Says ECB Presidential Hopeful

[ad_1] Francois Villeroy de Galhau of the European Central Bank (ECB) says stablecoins hold more promise than Bitcoin. The ECB policymaker says fiat-pegged crypto will have a place in the legacy financial system. We Prefer Fiat-Pegged Crypto According to Bloomberg, Villeroy believes that cryptocurrencies pegged to fiat will be the ones to experience greater utility within the mainstream finance apparatus. Speaking in Paris on Tuesday (May 14, 2019), Villeroy, a
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Cryptocurrency Exchanges Are Cleaning up Their Act

[ad_1] Ask a dozen crypto traders for the reason behind the recent rally and you’ll get a dozen different theories. Bakkt futures, Microsoft building on Bitcoin and Whole Foods accepting crypto have all been cited as fueling the bull market that’s broken out. While these factors have certainly helped, there’s a less documented reason why the crypto market has renewed confidence: exchanges have cleaned up their act, turning what was
BLOCKCHAIN

Blockchain, Crypto Will Have a Role in US Tech Independence

[ad_1] Technology needs to be a national issue for the United States, with digital currencies and blockchain to be recognized within that goal, according to Ripples’ Director of Regulatory Relations Ryan Zagone, at the Consensus 2019 conference on May 14.Zagone stated that technology needs to be a national security issue for the U.S. to ensure that the country is the leader and is not reliant on foreign innovators:“There is a
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BitGo Announces New Settlement System for Institutional Clients

[ad_1] Blockchain security company BitGo is launching a new service for institutional clients: a clearing and settlements system that operates off-chain. BitGo announced this new service in a press release on May 14, 2019, describing some of the features that this new system will have. Assets “never need to leave custody,” according to the announcement, and “counterparty risk is minimized” with BitGo acting as custodian for both sides of any