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…

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…

MasterCard Launches ‘Fintech Express’ in Asia Pacific

Nov.10 — Ari Sarker, co-president for Asia-Pacific at MasterCard, discusses the launch of their “Fintech Express” platform in Asia-Pacific, how the platform works, their business strategy, blockchain technology, their pullback from Libra and his outlook for the company. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Singapore FinTech Festival in Singapore. UCIALMKvObZNtJ6AmdCLP7Lg Source link

Police Arrest Founder of Blockchain Startup That Raised Over $80M

Dutch police have arrested the founder of blockchain game development startup Komodore64 that allegedly raised 78 million euros ($86 million) from investors, business-focused news outlet Sprout reported on Nov.  Komodore64 — which launched in June with the objective to create a game platform where transactions are tracked on blockchain — appeared to be a fraudulent scheme that deceived both investors and its own employees. The project and its native crypto coin K64, which have reportedly secured roughly $86 million in investments, have declared bankruptcy. Involvement of a “well-known investment company”…

Bitcoin Advocate Calls For Ban On Gold Amidst Danske Bank Scandal

Bitcoin advocates call for a ban on gold as on-going investigations into Danske Bank reveal the lender offered gold bars to clients as an off-the-table service. This bypassed money laundering checks and was sold based on helping to keep the fortunes of wealthy clients hidden. At the height of the Danske Bank dirty-money scandal, the lender started offering gold bars to wealthy clients to help them keep their fortunes hidden, sources say https://t.co/r0c0BnC7m9 — Bloomberg (@business) November 10, 2019 Danske Bank Laundered $220 Billion Authorities in both the US and…

Can Cryptocurrency Create a New Niche in Music Streaming?

The music streaming industry has come a long way since the old days of Napster and the first-ever downloadable music. The new technology that was the internet, combined with faster download speeds, made music sharing possible. Since those early days, regulations and structure have provided a way for companies to monetize digital content while protecting it and putting new technology to work. As the industry evolved, a few major platforms exploded into the market. These early growth leaders received huge boosts as users began tossing out their CDs and flocking…

Bittrex Will Release Frozen Crypto to Former Users in Sanctioned Regimes

Crypto exchange Bittrex is looking to return crypto holdings to customers in sanctioned nations. According to a letter posted on Twitter by ex-user Ziya Sadr, Bittrex is reaching out to former customers who reside in “a country or region” in which the exchange is legally unable to offer services due to the U.S. Treasury’s Office of Foreign Assets Control (OFAC), and whose accounts were suspended as a result. “In May of 2018, Bittrex filed an application to permit it to release the funds currently frozen back to the owners. This application…