Telefónica, Deutsche Telekom and Vodafone Use Blockchain for Roaming Settlement

Three global industry leaders in telecommunications — Spain’s Telefónica, Deutsche Telekom, and British provider Vodafone — have jointly finalized a trial blockchain solution for the settlement of roaming discount agreements.  Developed by blockchain startup Clear, the solution is expected to reduce capital costs for telcos, support faster revenue recognition, and provide more efficient settlement for their inter-company deals and workflows. Both Telefónica Innovation Ventures and the Telekom Innovation Pool of Deutsche Telekom had participated in a $13 million Series A investment for Clear earlier this year to support the startup…

G20 Lays Regulatory Groundwork for Accepting Digital Payments

Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia. As reported by Kyodo News on July 11, officials revealed that the G20 summit compromising representatives from 19 countries and the European Union will be laying the groundwork to accept digital payments. The changes are expected to begin in October, presumably at the G20 Finance Ministerial and Deputies Meetings in Washington DC and before the next summit in Riyadh in November. According to the Japanese news outlet, G20 officials enacted the policy change…

We May Expect a Bitcoin Rally If Coronavirus Breaks Into a Second Wave

COVID-19 has become a defining moment in the course of our society, but the impact of the pandemic can be seen through its effects on the economy and society in general. From the perspective of a Bitcoin (BTC) investor, there are many things to consider. Coronavirus emergent patterns determine how the infection spreads and sets the society on a particular course into the future. The impact of the novel coronavirus on consumer society has been tremendous. The effect has mostly been seen as the closure of workplaces, resulting in people…

Top 10 Quotes From the Virtual Blockchain Conference

The five-day Unitize virtual blockchain conference organized by BlockShow and San Francisco Blockchain Week ended with the final session on Friday. The event saw appearances from Heath Tarbert, the chairman of the Commodity Futures Trading Commission; Vitalik Buterin, a co-founder of Ethereum; and Tim Draper, a serial blockchain investor, as well as other speakers from a diverse pool of market segments both within and outside the crypto space. Blockchain adoption, decentralized finance, central bank digital currencies and the future of Bitcoin (BTC) dominated the conversation in many of the panels.…

Crypto Winter Could Really Be Over as New Bitcoin Starts to Bloom

There is no doubt that cryptocurrency — specifically Bitcoin (BTC), which is frequently used as a barometer for the health of the entire sector — has made a comeback. As of the writing of this article, Bitcoin stands at a little over $9,000, very close to the $10,000 rebound that investors hoped for sometime this year — and we are barely in the third quarter. Although there are signs that crypto winter is over, many experts are still understandably cautious. Related: What’s Next for the Industry as ‘Crypto Winter’ Thaws?…

How the US and Europe Are Regulating Crypto in 2020

Cryptocurrencies have been around for more than 10 years, but the legal status of Bitcoin (BTC) and most other cryptocurrencies remains unclear and has different definitions in various jurisdictions. Are they money, an asset, a product, property or something else? Should they trade freely or must be tightly regulated? In the absence of a clear answer, governments in the United States and Europe are still issuing legal acts to regulate the cryptocurrency market and trying to determine their attitude toward cryptos. In the first several months of 2020 alone in…

Key Metrics Show Institutional Interest in Crypto Is High and Rising

The growth of the crypto derivatives market in 2020 has been a story of its own, mainly driven by Bitcoin (BTC) and Ether (ETH) options traded on exchanges such as the Chicago Mercantile Exchange, Deribit, OKEx, Binance and Houbi.  Record Bitcoin options volumes are indicative of an increasing institutional interest in crypto, but there are better quantitative and qualitative indicators to use, such as open interest, Bitcoin’s price, frequency of block trades, institutional Know Your Customer processes and others. Compared with traditional derivatives, the proportion of institutional investors in the…

Which Way Bitcoin Price? Current ‘Stablecoin’ Period Mimics Early 2017

“What’s the price of those Bitcoin’s you keep talking about?” a friend asks me. I look at my phone and it’s still averaging around $9,200. “About the same as last month mate,” I replied.  Bitcoin (BTC) price has hardly moved an inch in the last six weeks, barely moving 2% in either direction from its average price. Therefore, I’m starting to think it’s a stablecoin now.  Bitcoin’s current “stablecoin” period resembles early 2017 However, this long period of static price reminds me very much of early 2017, when Bitcoin stayed…

Hacker stole 336 BTC from Crypto exchange Cashaa

U.K. based cryptocurrency exchange Cashaa reported hackers took more than 336 Bitcoin. The company has stopped all the crypto-related transactions, however, prima facia users are not affected by this hack.  In a media brief shared with Cointelegraph, Kumar Gaurav, CEO of Cashaa said that one of their wallets was compromised and more than 336 Bitcoin was sent to the hacker. He also suspects that hacker is from east Delhi, India. The company has filed a cybercrime incident report to the Delhi crime bureau with acknowledgment number 20807200031555 under the cryptocurrency…