Cryptocurrency 

Telegram Denies All SEC Allegations and Requests Dismissal of Trial

Telegram has refuted allegations by the US Securities and Exchanges Commission in court, which claim that the planned Gram token from the messaging app is a security and, therefore, subject to regulations from the commission and has requested that the trial be dismissed because of this. Last month, the SEC successfully sought an injunction preventing Telegram from launching TON due to the fact that the ICO used to raise funds to develop the network was illegal. As a result of the injunction, investors in two separate ICOs were offered the chance to…

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Bitcoin 

Bitcoin Price Bounces Off Key Moving Average as Bulls Avoid Death Cross

Bitcoin’s (BTC’s) price has been choppy since its October spike to $10,350, giving no clear indications of where its trend will head next. Overall, crypto’s pioneer asset has been fairly uneventful, with many price fakeouts.  Bitcoin’s daily candle bounced off its 50-day moving average (MA) as support on Nov. 12, although the industry’s flagship asset once again faces resistance at its 0.5 Fibonacci retracement level, which could also be considered its range equilibrium.  The asset sits strongly below the $9,000 mark at press time, at a price of $8,766.70. Crypto…

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Blockchain 

Bitstamp Crypto Exchange Expands Into Asia-Pacific Region With New Hire

Luxembourg-based cryptocurrency exchange Bitstamp has hired Andrew Leelarthaepin to lead its business development efforts in the Asia-Pacific (APAC) region. In a Nov. 13 press release, Bitstamp announced that Leelarthaepin was joining the company to further expand the exchange’s presence in Asia-Pacific “to meet the growing level of demand for the exchange’s services.”  Bitstamp’s struggle to establish a local presence in Asia Miha Grčar, global head of business development at Bitstamp, said that the crypto exchange already has “an excellent reputation” in the West, but has so far been unable to…

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Blockchain 

Uncork Capital, Coinbase VC Arm, Others Invest $4 M in Crypto Analytics Firm Messari

Uncork Capital has led a $4 million funding round that also saw funding from Coinbase Ventures for blockchain analytics firm Messari. Who’s who of new investors On Nov. 13, Messari announced that it had closed a $4 million funding round led by Uncork Capital, with participation from other top investors including Coinbase Ventures, Anthemis Group, Blockchain Capital, CoinFund, and former Coinbase CTO Balaji Srinivasan. The data analytics firm intends to invest the raised funds into further automating its data ingestion process and its redistribution capabilities for registry clients, while broadening…

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Blockchain 

UPS and Agritech Firm Use Blockchain to Verify Beef Shipment From US to Japan

American logistics giant UPS has successfully delivered a blockchain-verified beef shipment from the United States to Japan. The company partnered with agritech firm HerdX to incorporate its packaging technology into a blockchain network to trace the journey of beef from Kansas to Japan, the firm announced on Nov. 11. As announced by UPS, the jointly-delivered shipment involved a blockchain partner network developed by HerdX. Meanwhile, UPS provided its visibility tool that integrates with HerdX’s blockchain technology and records live updates, registering details throughout the journey. U.S. Embassy and Japanese officials…

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Bitcoin 

EToro’s Platform EToroX Lists Dash and Seven Stablecoins

EToroX, the digital asset platform of social trading platform eToro, announced the listing of privacy coin Dash and seven stablecoins in a press release published on Nov. 12. Per the release, eToroX users can now also trade stablecoins backed by the Turkish Lira (TRYX), Polish Zloty (PLNX), South African Rand (ZARX) and Hong Kong Dollar (HKDX) alongside U.S. dollar-backed tokens USDC and Tether (USDT).  The addition brings the number of assets tradeable on the cryptocurrency exchange up to 26. Doron Rosenblum, managing director at eToroX, commented: “We see the addition…

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Blockchain 

HSBC, SGX and Temasek Explore Distributed Ledger Tech in Asian Bond Market

Global banking giant HSBC will explore the use of blockchain for the issuance of fixed income securities in a joint trial with Singapore Exchange (SGX) and investment firm Temasek.  Focused on the Asia bond markets, the trial intends to streamline the bond issuance process and reduce associated costs by applying tokenized securities and smart contracts, HSBC Singapore announced Nov. 13. While Asia’s fixed income markets continue to grow, bond issuance and servicing processes remain inefficient, according to HSBC. This is purportedly due to the absence of a single platform for…

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Blockchain 

Crypto-Friendly Mobile Banking Firm Revolut to Attempt Raising $500M+

British mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars next year, Reuters reports on Nov. 12. Since the end of 2017, Revolut’s app has allowed its users to complete transactions in cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and Ether (ETH). According to Reuters, Revolut plans to raise the funds next year to fuel its expansion and hire new personnel, and will expand its partnership with payment firms Visa and Mastercard. The firm’s co-founder and CEO Nikolay Storonsky said: “We want to raise…

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Bitcoin 

Do Lawmakers Use AML as an Excuse to Centralize Crypto and Blockchain?

Cryptocurrencies came to life as a counterweight to the global financial restrictions that are powered by banks and regulators through the use of fiat. Therefore, it is fitting that Bitcoin (BTC) broke into the limelight in 2009 and raised a lot of controversies right form the start.  By design, all blockchain transactions are recorded on an immutable ledger. Therefore, even though it would take immense work, skilled auditors like Ernst & Young are able to find irregularities — as opposed to fiat, which it is claimed that 99.9% of money…

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Bitcoin 

Bakkt Plans to Roll Out Cash-Settled Bitcoin Futures Contract

Bitcoin (BTC) futures trading on the Intercontinental Exchange (ICE)’s Bakkt platform will expand to include a cash-settled option, COO Adam White has revealed. Speaking at the Invest: NYC conference on Nov. 12, White reportedly stated that Bakkt “has the intention of offering a cash-settled contract as well” as its existing Bitcoin-settled product.  Customer demand spurring product development According to unnamed sources reportedly familiar with the roadmap, the cash-settled monthly Bitcoin futures will be offered via ICE’s Singapore-based clearinghouse, ICE Clear Singapore, and traded on the ICE Futures Singapore exchange. The…

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