Why Some Banks Issue Their Own Digital Tokens, While Others Don’t

This week, a number of banks shed light on their respective crypto-related projects, following the recent expansion of JPMorgan Chase into the field. IBM was the big mover. A joint announcement by IBM and Stellar (XMR) said that as many as six global banks might issue their own stablecoins on IBM’s blockchain-powered payments network, dubbed “Blockchain World Wire” (BWW). The question now is whether this marks a turning point for cryptocurrency’s use, or if it merely continues the experiments that have marked the early stages of digital money. While quite…

CoinMarketCap Launches Crypto Indices on Nasdaq, Bloomberg, Others

CoinMarketCap announced that it will launch two cryptocurrency benchmark indices on Nasdaq Global Index Data Service, Bloomberg Terminal, Thomson Reuters Eikon and Börse Stuttgart. The news was revealed in a post on the crypto data firm’s blog, published on March 20. The two indices are calculated and administered by German index provider Solactive, the post notes. Per the announcement, the indices will cover the top 200 cryptocurrencies by market capitalization, one including Bitcoin (BTC) and one without it. The latter benchmark will be called CMC Crypto 200 ex BTC Index…

Funding Platform SeriesOne Partners With Polymath to Use Its Security Token Protocol

United States-based crowdfunding platform SeriesOne has partnered with security token protocol platform Polymath, according to a press release published on March 19. The new partnership intends to create a digital securities offering ecosystem via the SeriesOne platform. According to the press release, the partnership between SeriesOne and Polymath will let token issuers create and manage regulatory-compliant security tokens from the initial offering stage to trading on a secondary exchange. SeriesOne CEO Michael Mildenberger expressed confidence that Polymath’s security token protocol, ST-20, is set to improve the process of raising capital…

Nvidia Expects to Finish Selling Leftover Inventory From Crypto Bear Market by Q1 2019

Major global chip maker Nvidia expects to complete sales of remaining inventory built up in expectation of crypto mining demand, according to a Bloomberg report on March 19. The company is now working on selling the crypto-oriented inventory that remained unsold as the crypto bear market continues. The firm predicted that it would be able to sell the excess inventory by the end of the current quarter. After Nvidia saw massive market growth amidst increased demand for crypto mining hardware from 2016 to 2018, the firm was hit hard by…

Crypto Exchange Aggregator Caspian to Offer Crypto Options and Futures Trading

Institutional crypto trading, portfolio and risk management platform Caspian announced that it has integrated its platform with cryptocurrency futures and options trading exchange Deribit. The news was revealed in a press release from Caspian published on March 20. Per the announcement, Deribit has been added to Caspian’s ecosystem of over 30 cryptocurrency exchanges and liquidity providers. The company also claims that the move renders it the first institutional platform to offer both options and futures trading in the crypto asset class. The post also notes that Caspian’s platform includes an…

Major Coins See Mixed Signals, Gold Reacts Positively to US Federal Reserve Decision

Wednesday, March 20 — cryptocurrency markets are seeing mixed signals today after moderate growth yesterday. Most top coins are slightly down, with Bitcoin (BTC) trading at around $4,060 at press time. Market visualization from Coin360 BTC is down around 0.13 percent over the last 24 hours, and is trading at around $4,063 at press time. The leading digital currency has seen low volatility during the day, having dropped to as low as $3,993, while the intraday high reached $4,079. As reported earlier today, multiple respondents have filed comments with the…

Polymath Partners with SeriesOne for Security Token Issuance

Security token platform, Polymath, has reportedly partnered with digital securities fundraising platform, seriesOne, to give customers “end-to-end” solution for security token issuance. Polymath and SeriesOne Partnership The news was first announced by seriesOne yesterday via a press release. The company said the new product will allow issuers to create and manage security tokens that are “compliant throughout their entire lifecycle.” This means from the initial token offering all the way to trading on an exchange. Easier The aim of the partnership is to simplify the creation and management of security tokens.…

Japan Introduces Stricter Regulation for Crypto Margin Trading

Japanese regulators have reportedly approved draft amendments to the country’s financial instruments and payment services laws, introducing stricter regulations for margin trading of digital assets. A report by local news publication Nikkei Asia Review noted that the amendments will place a cap on available leverage for crypto margin trading, pegging it at two to four times the initial deposit. The report, published yesterday, also claimed that all cryptocurrency exchanges that offer margin trading will have to register with Japan’s Financial Services Agency (FSA) within 18 months of the new rules…

Ethereum (ETH) Disputations, Code Isn’t Law Insists Vlad

Ethereum prices stable but bullish Code is Law a misnomer insists Vlad Zamfir of Casper Labs Transaction volumes low but poised to expand as prices expand After penning an article critiquing Szabo’s law, Vlad is clearly of the opinion that there ought to be an element of human participation within the Ethereum governance model. Nonetheless, Ethereum (ETH) prices are stable, and after three days of consolidation, it is likely that prices will edge higher with targets at $170. Ethereum Price Analysis Fundamentals Public blockchains are inherently fractious and often factions…

CBOE Trashing Bitcoin Futures Signals Crypto Market Bottom: Brian Kelly

Cryptocurrency investor Brian Kelly believes that the decision to drop bitcoin futures by the Chicago Board Options Exchange (CBOE) represents a watershed in the history of bitcoin, signaling that the crypto market’s longest-ever decline has finally found a bottom. BKCM Founder: CBOE Exit Shows Bitcoin Bear Market is ‘Exhausted’ Speaking on Tuesday’s edition of CNBC Fast Money, the BKCM Digital Asset Fund founder and CEO stated that he sees improvement in bitcoin address growth and market sentiment since December 2018 as evidence that the retail end of the bear market…