US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market

[ad_1] An official at South Korea’s sole securities exchange operator, the Korea Exchange (KRX), says the bourse is closely eyeing developments from United States regulators in regard to Bitcoin (BTC) exchange-traded funds (ETFs). The official, reportedly speaking on condition of anonymity, was cited by local English-language daily The Korea Herald on Feb. 20.ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen

New York State as a “Tough” Model of Crypto Regulation

[ad_1] Recently the New York Department of Financial Services (NYDFS) granted statewide virtual currency licenses to two applicants: stock trading service Robinhood and cryptocurrency ATM operator LibertyX. The state’s regulatory regime, commonly known as BitLicense, imposes a set of strict disclosure and consumer-protection requirements on any business that offers cryptocurrency-related services to New York residents. Since the framework was introduced in 2015, only a handful of companies had their applications approved
Bitcoin News

Samsung Galaxy S10 with Bitcoin and Ethereum wallet

[ad_1] While Samsung yesterday unveiled its Samsung Galaxy S10 series, a new video has now appeared on the built-in blockchain feature. Currently there is much speculation in the crypto communities about the blockchain features of the smartphone and the built-in crypto-wallet. But today, a new video has surfaced on Twitter giving clear insights into the blockchain capabilities of the Samsung Galaxy S10. The rumor mill is not declining accordingly and

More Accuracy, More Transparency and More Efficiency

[ad_1] The evolving relationship between blockchain tech and the health sector has already been thoroughly documented, yet something that's received less attention is the increasing role blockchains are set to have in the health insurance industry. This industry was worth over $600 billion in 2017 in the United States alone, while calculations suggest that as much as $375 billion is wasted every year by American insurance companies as a result of the
Bitcoin News

Enigmatic Ethereum transaction 2100 ETH gas fees

[ad_1] To transfer 0.1 ethers, a stranger has paid a totally exaggerated transfer fee. Miners want to return the money. A Noteworthy Transaction in the Cryptocurrency Ethereum Provides Riddles: To transfer 0.1 ethers – equivalent to around € 12.76 – an unknown user paid a hefty transaction fee of 2100 ethers last Monday, the equivalent of around € 268,000. By comparison, bitinfocharts gives the current median value of the fee

The Industry’s Feedback to CFTC, Reviewed

[ad_1] On Feb. 17, the United States Commodity and Futures Trading Commission (CFTC) stopped accepting public comments regarding the Ethereum (ETH) mechanism. Previously, as 2018 was drawing to a close, the agency requested the feedback on the cryptocurrency to better understand the technology and how it compares to Bitcoin (BTC).The CFTC, which oversees the futures and options market in the U.S., has long determined that Bitcoin is a commodity, and

First Pension Funds Investing in Crypto — a Sign of Things to Come?

[ad_1] Positive moves are being made for investor sentiment in the cryptocurrency space despite a year-long bear market.This comes after $40 million was raised by cryptocurrency investment firm Morgan Creek Digital, which is headed up by its founder, Anthony Pompliano. The crypto-focused hedge fund is part of Morgan Creek Capital, which manages over $1 billion in assets.While the capital raised isn’t record-breaking, the move garnered interest because a portion of
Bitcoin News

Satoshi’s donations is the new Like

[ad_1] The Lightning Network becomes more practical. A new app called Tippin allows you to donate at the touch of a button via Twitter. An important step towards the suitability for everyday use has been made. One of the basic ideas behind Bitcoin was to enable the payment of even smaller amounts, thus establishing Bitcoin as an everyday means of payment. In the original version, however, soon encountered difficulties with

Ongoing Economic Crises in Venezuela and Beyond Show That the Idea of Bitcoin as a Store of Value Is Increasingly Catching On

[ad_1] Just when it seemed like the economic and political situation in Venezuela couldn't get much worse, it has. Back in December, the Venezuelan bolívar witnessed its peak annual inflation rate for 2018, with this rate coming in at a dizzying 80,000 percent, according to the calculations of Steve Hanke of John Hopkins University. However, with the United States' imposition of sanctions against Venezuela's state-owned oil company on Jan. 28, and

SEC Set to Begin Fresh Consultation Period on CBOE-VanEck Bitcoin ETF

[ad_1] United States regulator the Securities and Exchange Commission (SEC) says it will shortly commence the countdown period to approval or disapproval of the VanEck/SolidX Bitcoin exchange-traded fund (ETF). The news was announced in an unpublished notice that was filed on Feb. 19.The move is the latest in a series of back-and-forth exchanges between the SEC and ETF sponsors.The Chicago Board Options Exchange (CBOE) — the exchange applying with the