Bitcoin 

Bitcoin Price Skyrockets $500 in Minutes as Bakkt BTC Contracts Hit Highs

Bitcoin (BTC) surged $500 in just five minutes today after experiencing a sharp drop on Oct. 23, from $7,950 to $7,450 and sitting at the position for two consecutive days. Cryptocurrency market daily overview. Source: Coin360 According to the data from Coin360, BTC gained $536 in minutes, skyrocketing from $7,855 to $8,391. At press time Bitcoin is trading at around $8,424, up nearly 13% over the past 24 hours. Bitcoin 24-hour price chart. Source: Coin360 While the reason behind the recent drop is not clear, some community members attribute Bitcoin’s latest surge…

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Bitcoin 

Bakkt Hits New All-Time High, With Over 450 Bitcoin Futures Contracts Traded

Bitcoin (BTC) futures volumes on digital asset platform Bakkt have hit a new all-time high, with 452 BTC futures contracts traded at press time. Per historical data from Intercontinental Exchange (ICE) — the operator of Bakkt — today the platform has traded 441 Bitcoin futures contracts for November 2019, with the last recorded trading price settling at $7,400 per Bitcoin. 11 futures contracts for December have been sold, with the last recorded trading price at $7,407. Bakkt Bitcoin (USD) monthly futures contract data. Source: ICE Twitter account Bakkt Volume Bot,…

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Bitcoin 

No Plans for Physically Settled BTC Contracts Currently

The Chicago Mercantile Exchange (CME) Group has no current plans to launch physically settled Bitcoin (BTC) contracts, a senior executive said. Tim McCourt, global head of equity index and alternative investment products at CME Group, told MarketsMedia on Oct. 1 that all new contracts or products are driven by customer demand. CME’s new options will be settled in BTC futures CME has been trading BTC futures since December 2017 and recently revealed plans to launch options in the first quarter of 2020, pending regulatory review. Its current Bitcoin futures contracts…

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Blockchain 

Aragon Expects Ethereum’s Istanbul Hard Fork to Break 680 Smart Contracts

The Ethereum network’s Istanbul hard fork is expected to break 680 smart contracts on the decentralized management platform Aragon. Jorge Izquierdo, CTO at Aragon One, said that the upcoming upgrade will result in the breaking of roughly 680 smart contracts, industry-focused media outlet Coindesk reported on Sept. 30.  Izquierdo explained that the impetus behind the update is to further ensure frictionless functioning of decentralized autonomous organizations (DAOs) built on the Aragon platform and address affected smart contracts. Izquierdo added that DAOs will no longer be able to receive Ether (ETH)…

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Blockchain 

Telegram to Award Devs $400K in TON Blockchain Smart Contracts Contest

Global messaging app Telegram announced a coding competition for building smart contracts for the Telegram Open Network (TON) Blockchain. 5 types of smart contracts The contest includes three parts with a prize fund for all included tasks ranging from $200,000 to $400,000, according to an announcement posted on the Telegram Contests channel on Sept. 24. The contest will end on Oct. 15. The primary part of the competition is the task to build one or more smart contracts, using the tools provided in the TON Blockchain distribution, as described in…

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Ethereum 

Ether Price Drop Shakes DAI Stablecoin Peg, Two Collateral Contracts Closed

The recent Ether (ETH) price drop showed the reliability and weaknesses of the decentralized stablecoin built by MakerDAO, Dai (DAI), and the decentralized finance (DeFi) ecosystem built on top of it. A decentralized stablecoin Ethereum-collateralized decentralized stablecoin DAI managed to maintain its peg to the United States dollar as Ether lost over 18% of its value in under two hours, falling from $190 to $155 yesterday. As of press time, Ethereum holds a price of about $171. Ethereum seven-day price chart. Source: Coin360 The impact of higher transaction fees DeFi…

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Bitcoin 

Bakkt Trades 71 Bitcoin Futures Contracts in First 24 Hours

Intercontinental Exchange’s (ICE) Bakkt platform has traded 71 Bitcoin (BTC) futures contracts in the first 24 hours following its launch on Sept. 22. According to ICE historical data on Bakkt’s Bitcoin/USD futures contract trading, the platform has traded 71 BTC at press time, with the last recorded trading price settling at $9,875 per Bitcoin. Bakkt Bitcoin (USD) monthly futures contract. Source: ICE In an analysis for Cointelegraph earlier today, Rakesh Upadhyay wrote that the lukewarm reception to the Bakkt launch is likely due to the fact that the currency’s price…

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Bitcoin 

SegWit Creator Introduces New Language for Bitcoin Smart Contracts

Bitcoin Core developer Peter Wuille has introduced new Bitcoin (BTC) smart contract programming language dubbed Miniscript. Wuille, a creator of major Bitcoin network upgrade SegWit, announced the Miniscript project website on the mailing list message for Bitcoin developers on Aug. 19. As noted in the statement, Miniscript was developed and implemented by Wuille, Andrew Poelstra and Sanket Kanjalkar at Canadian blockchain tech firm Blockstream Research. Wuille claimed that the project took the developers around a year, and it has now reached the stage where it needs to get more attention.…

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Ethereum 

Blockchain Dev Firm Launches First Smart Contracts on Microsoft’s .NET

Developers can now write smart contracts in C# on Microsoft’s .NET architecture. Blockchain development firm Stratis Group Ltd has launched the first smart contracts on Microsoft’s .NET architecture, according to a press release shared with Cointelegraph on July 3. The company has introduced the Cirrus Sidechain Masternodes and Stratis Smart Contracts products designed to enable businesses to develop smart contracts in the programming language C#, a general-purpose language originally developed by Microsoft within its development platform .NET. This will purportedly allow enterprises to deploy smart contracts on one underlying general-purpose…

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Blockchain 

Malta to Register All Property Rental Contracts on Blockchain

In Malta, new rules will require that all property rental contracts be registered on a blockchain for security considerations, local news outlet Malta Today reported on June 23. Malta’s Prime Minister, Joseph Muscat said that the cabinet approved new regulations, which will be announced over the coming days, that require rent contracts be registered on a blockchain to protect them from tampering and ensure authorized access. Muscat said: “We will now be showing people the added value of this technology through applying it to something which they will use in…

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