Category: Digital Assets
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Solving for Bitcoin’s Accounting and Reconciliation Needs
This is a sponsored article provided by Verady. Advocates point out that bitcoin embodies many of the technical qualities for the “future of money.” It is natively digital, inherently suited for internet and mobile, provides for a global alternative asset and payment capability, and is unrivaled in its ability to provide for financial inclusion and…
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After Breaking New Records Bakkt Announces Crypto Consumer App
Following the all-time record of 1,179 contracts on October 25, Mike Blandina, Bakkt’s chief product officer, revealed the firm is launching another strategy after announcing its December options launch. Bakkt is releasing a consumer application so retail investors can “unlock the value of digital assets” via consumer payments. Also read: Cred to Demo Global Merchant…
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Bakkt Announces Bitcoin Options After Record-Breaking Futures Volumes
On October 23, Bakkt’s physically-settled bitcoin futures contracts touched an all-time high with 640 BTC ($4.8 million) swapped on the exchange. Coincidentally, the futures action started after BTC prices plummeted to $7,365 across global exchanges. After the record-setting day, Bakkt CEO Kelly Loeffler revealed the trading platform will offer options on bitcoin futures this December.…
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Germany’s Financial Crisis Invokes 5-Year Rent Freeze
All eyes are on the German economy which was once perceived as stable and strong. However, the financial state of affairs has been tumultuous and Berlin’s state cabinet recently agreed to a five-year rent freeze to help curb the rising housing costs in the country. Moreover, Bundesbank just published a monthly report that explains how…
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Circle Drops Poloniex Leaving US Crypto Traders High and Dry
According to a blog post published by Circle, the cryptocurrency firm is releasing its subsidiary exchange Poloniex which is now owned by an “Asian investment group.” The trading platform will become an independent company called Polo Digital Assets, Ltd., and after November 1, 2019, U.S. residents will no longer be able to use the platform.…
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80% of Crypto Trade Volume Tracked by Blockchain Surveillance
Ever since governments worldwide started showing adversity toward cryptocurrencies like bitcoin, a few startups have dedicated their business model to blockchain surveillance. Two weeks ago, Chainalysis revealed the company is monitoring 21 different tokens that stem from Ethereum. On Tuesday, the firm Ciphertrace announced that it’s now tracking 700 cryptocurrencies providing “visibility into 87% of…
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IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR
[youtube https://www.youtube.com/watch?v=Dlvtd3kMCqc&w=560&h=349] Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. In short, should these fail, central banks and their…
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Crypto Outpaces Political Donation Laws in Japan
A major Japanese news publication has reported that crypto donations to individual politicians are legal and do not need to be reported publicly as donations. Japan’s Ministry of Internal Affairs and Communications verified that even though it is illegal to donate cash or securities directly to a politician or political campaign, crypto donations still fly…
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Crypto Investment Group Grayscale Releases Bitcoin Cash Primer
Crypto investment firm Grayscale has just released “An Introduction to Bitcoin Cash” highlighting the basics of BCH for those who may be yet unfamiliar, or just wish to brush up on the popular token forked from Bitcoin Core on August 1, 2017. With a significant reputation in the industry, Grayscale’s release of the document marks…
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Global Law Enforcement Has Auctioned Massive Amounts of Bitcoin
Last month, the U.K. police auctioned off roughly $300,000 worth of cryptocurrencies after they were confiscated by the country’s Eastern Region Special Operations Unit (ERSOU). Since 2014, law enforcement agencies worldwide have been auctioning large sums of bitcoin seized during investigations. For some reason, governments don’t want the digital assets used in crimes and entities…