Bitfinex Looks to Launch Options Trading As Soon As Q1 2020

According to an executive, cryptocurrency exchange Bitfinex is planning to launch options and a gold-backed stablecoin, among a host of new products. New range of products In a Nov. 12 appearance on the Scoop, Paolo Ardoino, CTO of Bitfinex and Tether, told the Block that Bitfinex is considering launching options trading, while also taking a closer look at prospects for a gold-backed stablecoin, dubbed Tether Gold. Although Ardoino didn’t reveal any additional details about Tether Gold, he did reveal that the company is currently eyeing a Q1 2020 launch of…

CME Says It Will Launch Bitcoin Options in January

Derivatives exchange CME Group has announced it will launch options on its bitcoin futures contracts in January. In a notice on its website on Tuesday, the Chicago-based exchange said, as long as it gets the green light from regulators, the options will go live on Jan. 13, 2020. In late October, the firm published details of the options product, saying each contract would be based on one bitcoin futures contract (comprising of five bitcoin). They will be quoted in U.S. dollars per bitcoin with a tick size of $25 (or $5…

Binance Exchange Is First Client for Paxos’ New Dollar Gateway

Regulated blockchain company Paxos has launched a product allowing crypto exchange customers to more easily fund their accounts with traditional money. With its new Fiat Gateway service, Paxos said Tuesday that users will be able to execute simple swaps between U.S. dollars and stablecoins, including the firm’s own Paxos Standard (PAX). Notably, Binance, the world’s largest cryptocurrency exchange by trading volume, will be the first to integrate the product. The firm will also have its stablecoin, Binance USD (BUSD), included in the swap options. “Paxos is a trusted partner that keeps…

Bitcoin (BTC) Price Primed To Extend Losses Below $8.5K

Bitcoin price is declining and it is now trading below the $8,800 level against the US Dollar. The price is trading with a bearish angle and it is likely to tumble below $8,600 and $8,500. Today’s key bearish trend line is active with resistance near $8,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). A clear break below $8,600 is likely to push the price below $8,500 and $8,450. Bitcoin price is setting up for another dive below $8,600 against the US Dollar. BTC could even…

Alibaba’s Ant Financial Starts Pre-Launch Testing of Business Blockchain

Ant Financial, the fintech arm of Chinese tech giant Alibaba Group, has launched the testing stage for its blockchain network aimed to support small and medium-sized businesses. Speaking at the World Blockchain Summit at Wuzhen, China, Jieli Li, senior director of technology and business innovation at Ant Financial, said the tech underlying its Ant Blockchain Open Alliance is set to go live three months after the testing period, according to a report from Sina Finance. “While the blockchain is open to developers and institutions from all over the world, we…

We Are Super Committed to Hong Kong, Says HSCB’s COO

Nov.11 — Andy Maguire, managing director and chief operating officer at HSBC Holdings Group, discusses their blockchain strategy, the tensions in Hong Kong, how it’s impacting his business, the economy, U.S.-China trade tensions and digital banking. He speaks on “Bloomberg Daybreak: Europe” on the sidelines of the Singapore FinTech Festival in Singapore. UCIALMKvObZNtJ6AmdCLP7Lg Source link

HTC Will Support Binance Chain With Special Edition Smartphone

Smartphone developer HTC plans to provide support for Binance Chain with a new special edition version of its blockchain mobile. The company announced Tuesday that it would release an EXODUS 1 smartphone that integrates with crypto exchange Binance’s namesake blockchain, providing support for its decentralized exchange and token. The EXODUS 1 Binance edition will integrate Binance Chain with the device’s native Zion Vault wallet app, according to the announcement. Essentially, users will be able to directly access the Binance DEX using the phone. HTC decentralized chief officer Phil Chen said…

Bitcoin (BTC) Price Turned Sell On Rallies Towards $9K

Bitcoin price is trading in a bearish zone below the $8,880 and $9,000 resistances against the US Dollar. The price is struggling to recover and it is likely to face sellers towards $9,000. Yesterday’s major bearish trend line is intact with resistance near $8,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). There are a few key supports on the downside near the $8,600 and $8,500 levels. Bitcoin price is facing an increase in selling below $9,000 against the US Dollar. BTC might correct higher, but…