Travelport, a business and consumer travel services provider, announced it is using IBM’s Hyperledger Fabric to guarantee commissions paid to travel agencies. According to a statement released on August 20, the blockchain was designed with input from IBM, travel management company BCD Travel, and three unnamed hotel chains. The system aims to “put the lifecycle of...Read More
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned three Chinese nationals and their cryptocurrency addresses, alleging they violated money laundering and drug smuggling laws. OFAC named Xiaobing Yan, Fujing Zheng and Guanghua Zheng as narcotics traffickers under the Foreign Narcotics Kingpin Designation Act, freezing any property they own within the U.S. and listing...Read More
Tether is planning to issue a stablecoin pegged to the Chinese renminbi, according to a trader with ties to the company. Zhao Dong, an over-the-counter (OTC) trader in China and a shareholder of crypto exchange Bitfinex – which shares managers and owners with Tether – revealed the move on WeChat on Wednesday, saying Tether plans call...Read More
Food delivery is about to get a little sweeter for the users of the bitcoin rewards platform Lolli. The startup announced Wednesday that is has partnered with delivery service Postmates, making the popular app the latest partner for Lolli’s rewards program. One of the most popular food services, Postmates mobile app saw 2,094,920 downloads in the last...Read More
Woori Financial Group, one of South Korea’s largest banking companies, has agreed to work with Ground X in developing blockchain financial services. Group Chairman Chairman Son Tae-seung made the announcement on the 21st at the company’s headquarters in central Seoul, some reports said. Further detail appeared in Shin-A Ilbo, CoinDesk Korea, and other publications. Under the agreement,...Read More
Recently Bolt, which was previously known as Taxify, based in Estonia, announced that they are launching a food delivery service, starting with Estonia. Bolt, which is an Estonia-based ride-hailing service, previously known as Taxify, has just launched its new food delivery service in Estonia. They are launching it natively, for now, but afterward they plan...Read More
At the wake of an increased patronage for stablecoins, Tether adds yet another stablecoin to its repository, unveiling that this new ‘CNHT’ stablecoin would be tied to the offshore Chinese Yuan. Tether – the foremost yet controversial distributor of stablecoins recently announced the launch of a new stablecoin. This new cryptocurrency tagged ‘CNHT’ is pegged...Read More
Kraken, a San Fransisco-based cryptocurrency exchange, has been operating since 2013, making headlines consistently for its donations, funding, and issues with its site and API. OTC Head at Kraken, Nelson Minier, recently shared his journey into the cryptoverse, while also discussing the many developments in the Kraken ecosystem, in a recent podcast. Minier stated that...Read More
Bitcoin has destroyed the altcoin market in 2019, but one contrarian crypto trader believes BTC is about to suffer a reckoning. | Source: Shutterstock By CCN Markets: It’s easy to miss just how badly bitcoin has clobbered altcoins since the crypto market’s latest bull run began. From Ethereum all the way down to Stratis, almost...Read More
The range-bound bitcoin price could jump higher if Anthony Pompliano’s prediction turns out to be true in the long run. | Source: Shutterstock By CCN Markets: The bitcoin price has been going sideways for nearly two months now, but crypto bulls believe that rising institutional interest could lead to a breakout. Bitcoin price has been...Read More
Blockchain proves once again that it is a must-have technology for financial institutions at all levels. Last week, the World Bank raised an additional AUD 50 million ($33.8 million) through its blockchain-based Kangaroo bond, called bond-i. Bond-i Sale Co-Managed by CBA, RBC, and TD The bond tap, i.e. the reopening of the bond initially issued...Read More
Bitcoin is best known as a currency, but that’s not its only use. As the oldest and most-secure blockchain, the Bitcoin ledger has many applications that aren’t directly related to finance or payments. In fact, anyone is free to use Bitcoin for their project, provided they pay for the space they use. But these complex...Read More
Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to alert financial institutions to drug trafficking-related financial schemes. The U.S. Department of Treasury released a detailed post that highlighted, “Information in the advisory will assist them (FinCEN) in detecting and reporting related criminal...Read More
The G7 is meeting next week to explore the regulations around Bitcoin and other cryptocurrencies. Unsurprisingly, Anthony Pompliano is not worried. G7 to Discuss Bitcoin Next week, the G7 is scheduled and this time the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States will set aside some time to...Read More
Here’s a riddle for you: what does Monero’s Fluffypony have in common with former Capital One Vice President Alan Silbert, as well as Charlie Lee? Besides an oversized presence on crypto Twitter, all three are listed on the paperwork for crypto’s latest three-letter fad: an IPO. Crypto trading platform INX has applied to the U.S....Read More
Chonic crypto critic Peter Schiff promised that the Bitcoin price would never, ever hit $50,000. One trader told us he is dead wrong. | Source: Cambridge House International Inc./YouTube (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: The Bitcoin price has defied his bearish portents before, but goldbug and chronic crypto critic Peter...Read More
Opening a fresh long position in Monero at current levels may not be a wise decision for non-experienced traders. | Source: Shutterstock By CCN Markets: Monero has been trapped in range accumulation for over a year now. Since August 2018, the cryptocurrency has been range trading in a wide range between $40 and $120 with a...Read More
Even with the ongoing fluctuation in the price of Bitcoin [BTC], a lot of investors are looking forward to investing in the king coin due to the growth in its market cap over the past few months. With coin movements growing more significant by the day, more and more traders are now getting into the...Read More
Bitcoin has several big dates in the next couple of months which should be of interest to anyone with a stake in the network. Depending on how these pan out, we could well see renewed confidence and uptake, as well as another bull run. So what are we waiting for? 23 September – Bakkt Bitcoin...Read More
Ever since Facebook announced its plans to launch its own cryptocurrency, the world’s regulatory and financial space hasn’t been the same. However, the news cycle about Libra was soon overtaken by lawmakers and regulatory bodies voicing their grave concerns about the same, while also highlighting Facebook’s own problematic history. What is missing however from the...Read More
Since January, Charlie Lee has been teasing at plans to introduce confidential transactions to Litecoin. However, the announcement was followed by a long stretch of radio silence, and followers were left wondering if they would ever see the promised privacy features. Hope was restored on Tuesday, when Lee announced that a new developer has joined...Read More
Cryptocurrency markets are bleak leading into Wednesday, August 21. Bitcoin has reversed all of its hard-fought gains since the start of the week, falling back below the $10,000 mark. Cryptocurrency Market Situation. Source: Coin360 The overall market is also seeing strong losses, most notably ETH, which has fallen back to its weekend price. The heaviest...Read More
Bitcoin Cash Price Analysis (BCH/USD) In the last 24hrs, Bitcoin cash has maintained a bearish run. The same trend is most likely to continue since the 21 day MA is actively trading above the 7 day MA. BCH/USD pair corrected losses yesterday to trade below the critical resistance level at $322.0. Additionally, the bearish pressure...Read More
Beating the general narrative of crypto resistance from the U.S. government, Everex, the payments and trading platform just announced the issuance of “full Money Transmitter (MSB) License” from the New Jersey Department of Banking and Insurance. The information was brought to light through Everex official Twitter handle, which read, “We’re excited to announce that New...Read More
Privacy-focused Nym Technologies unveiled new code this week for its decentralized identity system. It’s slated for testnet launch this fall. On Tuesday at the Web3 Summit in Berlin, Nym CEO Harry Halpin said the technology represents “the next generation of privacy infrastructure” not just for blockchains but for the entire web. Indeed, one of the...Read More
Securitize, a provider of technology for issuing blockchain tokens, has registered as a transfer agent with the U.S. Securities and Exchange Administration (SEC), a move it says will boost adoption. Announced Wednesday, the registration means Securitize can now act as the official keeper of records about changes of ownership in securities. While that might sound...Read More
Commonwealth Bank of Australia (CommBank) has co-developed a blockchain marketplace that it says could support sustainable development and reward landowners for protecting the environment. Created in partnership with BioDiversity Solutions Australia (BDS), the prototype platform uses digital tokens, dubbed BioTokens, to facilitate trading of biodiversity credits for the New South Wales Government’s Biodiversity Offsets Scheme. The scheme...Read More
The assigned liquidator for the collapsed New Zealand-based cryptocurrency exchange Cryptopia says it’s making progress in determining customer holdings, but that the management of user funds by the exchange has caused delays. Professional services firm Grant Thornton New Zealand was assigned to oversee the liquidation process in May, after the exchange had failed to recover from...Read More
A prolonged rainstorm in China’s Sichuan province has caused land- and mudslides, forcing some local hydropower plants and bitcoin miners to halt operations. Heavy rain has been drenching Sichuan’s mountainous Aba prefecture since Monday, with landslides now affecting 17 counties in the area, according to local government social media posts on Tuesday. Among them, the Wenchuan county appears...Read More
U.S. Secretary of State Michael Pompeo has said he believes that cryptocurrencies should be regulated in the same way as financial institutions. In an interview with CNBC’s Squawk Box on Tuesday, Pompeo was asked how best to regulate Facebook’s Libra or bitcoin. He responded: “My sense is this: We should use the same framework that we...Read More
