EXCHANGES

US Exchanges Race to Launch Regulated Physically-Delivered Bitcoin Futures

[ad_1] The race to launch regulated physically-delivered bitcoin futures is back on for three US-regulated trading platforms after one of them hit a snag with the country’s derivatives regulator, the Commodity Futures Trading Commission. Two other exchanges are racing to launch similar products this year. Also read: SEC Commissioner: US Could Draw Crypto Policy From These Countries Ledgerx Approved for Swaps, Not Futures Three regulated trading platforms in the U.S.
BLOCKCHAIN

India Will Lose An Almost $13 Billion Market By Banning Crypto

[ad_1] Sidharth Sogani, the CEO of crypto and blockchain research firm Crebaco Global Inc, believes that India will lose around $12.9 billion worth of market if cryptocurrency is banned in the country.Sogani shared his reasoning with the news outlet AMBCrypto, which reported the matter on August 8. According to the report, Crebaco’s methodology included an analysis of how much revenue companies might have generated if crypto was ruled to be
Business

Grayscale Argues BTC Hedges, With US-China Trade War As Case Study

[ad_1] Grayscale Investments, a digital assets investment firm that offers Bitcoin (BTC) trust shares, has published a case study on how BTC could be used as a hedge against financial instability. The firm used the case of trade tensions between the United States and China to make their point.Grayscale Investments linked to its study in an official blog post on Aug. 8. According to Grayscale’s analysis, they believe that BTC’s
Business

CFTC Policymaker With Long History of Work on BTC Futures Leaving

[ad_1] Amir Zaidi, the director of the United States Commodity Futures Trading Commission’s (CFTC’s) Division of Market Oversight (DMO) is rumored to be leaving the CFTC within weeks.Multiple anonymous sources aware of the situation have confirmed this claim, according to a report by Bloomberg Law on Aug. 8. Zaidi has been the director of the CFTC’s DMO since January 2017. He is acknowledged as being responsible for creating Bitcoin (BTC) futures
EXCHANGES

Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide

[ad_1] Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup is preparing to shrink its trading staff slashing hundreds of jobs. They are joining other global brands in a wave of layoffs
BLOCKCHAIN

tZERO to Offer Public Trading Starting Aug. 12, Expects Up To 50,000 Investors

[ad_1] Retail giant Overstock’s blockchain subsidiary company, tZERO, plans to allow the public to trade its security tokens in four days.Saum Noursalehi, CEO of tZERO, shared the announcement with CoinDesk, per a report published on Aug. 8. According to the announcement, Aug. 12 marks the end of a one year lock period following the company’s 2018 token offering.Noursalehi additionally commented that the company is expecting as many as 50,000 new
EXCHANGES

CoinCentral Joins First Blockchain VR Network (BVRN) Created by Live Planet, Inc.

[ad_1] We’re excited to announce that we are partnering with the  Blockchain Virtual Reality (VR) Network (BVRN), created by Live Planet, Inc.   Live Planet is a pioneer of advanced media technology infrastructure, and it just announced the forthcoming launch of the first VR network built specifically for the blockchain industry. The Network will feature in-depth and engaging VR programming from top blockchain industry influencers including Bad Crypto Podcast, Crypto
BLOCKCHAIN

Insurance Giant Allianz Is Working on a Token-Based Blockchain Ecosystem

[ad_1] German financial services giant Allianz Global Corporate & Specialty SE (AGCS) is developing a blockchain-based ecosystem to facilitate cross-border insurance payments for its corporate customers.Experimentations with blockchain technologyAllianz is working on a token-based blockchain system, expecting it to streamline international insurance payments for its corporate customers, Forbes reported on Aug. 8. An Allianz spokesperson told Forbes that the company is still in the experimentation phase, although the basic core
EXCHANGES

BitMart Announces Funding From China-Based VC Firm — Fenbushi Capital

[ad_1] According to a recent report, BitMart, a popular digital assets trading platform has secured investment worth millions from Fenbushi Capital. Bringing Transparency to the Global Economy Reportedly, BitMart has joined over 50 international blockchain projects Fenbushi has invested in. The reason behind this is centred around bringing transparency to the global economy. Sheldon Xia, founder and CEO of BitMart, said: “The strategic collaboration with Fenbushi Capital and Bitrise Capital
Business

Eike Batista Arrested on Suspicion of Money Laundering Via Bitcoin

[ad_1] Wealthy businessman Eike Batista has been arrested by federal police on account of suspected money laundering, which they believe he achieved by trading Bitcoin (BTC) on his wife’s behalf.The details of Batista’s arrest were reported by Cointelegraph Brasil on Aug. 8. Prosecutors reportedly found notes indicating that he had traded BTC for his wife, who is not currently being investigated. The Federal Prosecutor wrote:"Although the suspect’s wife, Mrs. Flávia,