An AMA on the Future of Blockchain and Cryptocurrency: With IBM …

On Monday, October 22, 2018, from 6:00 to 7:00 EST, we’re hosting a special livestream crypto conversation with George Tung from the CryptosRUs YouTube channel and Jesse Lund from IBM Blockchain. George and Jesse will be answering questions from the r/CryptoCurrency subreddit. Jesse will be live from Sibos, one of the world’s premiere financial services events, in Sydney, Australia. The discussion will be about this year’s theme, “Enabling the digital economy.” Post your questions for Jesse here on r/CryptoCurrency. Keep in touch with Jesse Lund: https://twitter.com/jesselund What Jesse has been working…

China’s Blockchain Assault Continue, ETH Hold Steady

Even though transacting over blockchain platforms is legal, fresh efforts by Chinese regulators and agencies to further bog down privacy is of great concern. Proposals by the Cyberspace Administration of China may be conflicting with laws. Even if they are still consulting with the public, its implementation might adversely affect price. On to the charts our last Ethereum trade plan holds since price is relative stable. Latest Ethereum News It’s quite absurd that China while the secondly largest economy and perhaps the largest crypto user base—before their Sep 2017 crack…

Altcoin Bulls are Loading Up as Prices Stabilize

Even with Huobi availing HUSD, most altcoins are struggling to stay afloat under heavy bear pressure. The slide is clear in Stellar Lumens which despite being stable from a long-term point of view can’t simply rally above 25 cents and 30 cents triggering bulls aiming at 50 cents. It’s even steep in Litecoin where bears are driving back prices towards the main support line at $50. All in all, we retain a bullish outlook and before we suggest buys, we need to see break outs in line with Oct 15…

Crypto Market Sees Slight Losses After Trading Sideways, Bitcoin Hovers Near $6,400

Monday, Oct. 22: markets have taken a slight downtrend after trading sideways last week, with 15 of the top 20 digital currencies by market capitalization in the red, and Bitcoin (BTC) trading around $6,400, according to data from CoinMarketCap. Market visualization by Coin360 The BTC price has been trading in a narrow corridor from $6,372 to $6,730 at its highest point during the day. The leading cryptocurrency has lost 0.45 percent over the last 24 hours, and is trading at $6,483 as of press time. In terms of its weekly…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 22

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The Financial Action Task Force (FATF), a global anti-money laundering (AML) supervisory body, will set up rules to monitor cryptocurrencies by June of next year. This is a welcome step that will create uniform regulations and reduce the use of virtual currencies for money…

Overstock’s Medici Ventures Invests in Decentralized Social Network

Overstock’s venture capital subsidiary Medici Ventures has invested in decentralized social network Minds, Inc. (Minds.com), according to a press release shared with Cointelegraph Oct. 22. Founded in 2011, Minds is a decentralized social networking platform that rewards users for their activity online via cryptocurrencies, revenue, and views of their content. Recently, Minds launched its native crypto token $MINDS on the Ethereum (ETH) Mainnet, which can be earned for engagement on the platform. Per the release, Minds has received Series A investment from Medici Ventures, although the investment sum was not…

Report: Cryptocurrencies Should Be Governed by Current EU Financial Laws

The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws. The report specifies that most crypto assets are covered by the Unfair Commercial Practices Directive, which regulates unfair business practices in the European Union and requires corresponding laws to be passed that incorporate it into each member state’s legal system. However, cryptocurrencies are covered only in the sense…

Bakkt’s Futures Platform Slated to Begin Trading in December

Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission. Originally slated for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.” The platform is advertised as an all-encompassing, “open platform” for “digital assets across global markets and commerce,” and was, in part,…

New Version of Crypto Bill Will Let Privately Held Firms ‘Digitize’ Shares

The long-awaited Russian draft bill on cryptocurrency and blockchain regulation will let privately held businesses and legal entities “digitize” their shares and store them via blockchain, local media outlet Vedomosti reported Oct. 21. As per the new edition of the draft bill “On Digital Financial Assets,” obtained by Vedomosti, the Russian State Duma is planning to allow owners of privately held companies to create and sell so-called “digital financial assets (DFA)” that act as digitized equity for the company. DFA data will reportedly be verified by the Russian Central Bank…

Visa Set to Launch Blockchain-Based Digital Identity System with IBM in Q1 2019

Visa is readying its blockchain-based digital identity system for cross-border payments for launch in the first quarter of 2019, according to a press release published October 21. The system, dubbed Visa B2B Connect, will provide a blockchain-based digital identity solution for financial institutions to securely process cross-border payments. The system reportedly tokenizes sensitive business data – such as banking details and account numbers – granting them a unique cryptographic identifier that will be used for transactions on the platform. Kevin Phalen, global head at Visa Business Solutions, suggests that the…