Bitcoin News Roundup for March 30, 2020

news Cryptocurrencies are helping to facilitate human trafficking, and thus should be regulated far more heavily than at present, an expert witness will tell a U.S. Senate subcommittee today. In written testimony, David Murray, vice president for product development and services at Financial Integrity Network, recommended that Congress create a new class of regulated financial…

Mar 3, 2020 at 19:10 UTCUpdated Mar 3, 2020 at 19:17 UTCVilnius, Lithuania. Credit: ShutterstockInstitutions can hedge against possible bank runs with a new wallet from euro-backed stablecoin issuer STASIS, which stores assets with financial intermediaries that have low-risk balance sheets. STASIS said Tuesday its new wallet, fully integrated into the Single Euro Payments Area…

Mar 4, 2020 at 15:00 UTCUpdated Mar 4, 2020 at 15:27 UTCA cryptocurrency trading solutions provider spun off from Bitmain a year ago hopes to hit a $300 million valuation in its latest funding round.Singapore-based Matrixport, founded by Bitmain CEO Jihan Wu last February, is looking to raise $40 million in a new raise, sources…

Prediction markets can be silly, but they can be serious, too, as a tool for investors to hedge their exposure to a certain stock or engage in price discovery on the future growth of one given the market success of its products.In this week's roundup, we're setting aside politics for popcorn and electric dreams, diving

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Cubist, a platform that uses bank-grade hardware to manage the keys that control digital…

Relative richness of out-of-the-money call and put options tied to bitcoin suggests traders are pricing in "tail risk" in the bitcoin market.Tail risk suggests a higher possibility that an investment will move more than three standard deviations from the mean.They call it tail risk in the crypto market: the risk of an asset moving three…

news Bank of America may be eyeing shared networks of ATMs powered by blockchain tech, according to a newly revealed patent application. The filing, published by the U.S. Patent and Trademark Office (USPTO) on Tuesday, outlines a system via which a cash-handling devices could utilize blockchain technology to “accelerate transaction speed and/or facilitate other types…

Dec 10, 2019 at 10:00 UTCUpdated Dec 10, 2019 at 13:53 UTCSaga Monetary Technologies has finally launched its SGA stablecoin, and it's already planning to break away from its pegged basket of currencies.SGA, the basket-backed stablecoin envisioned last year by the Saga Foundation, is a long-term play tailoring to two very different goals of the…

Dubai's Virtual Assets Regulatory Authority is investigating ways to lower the cost for firms to comply with its rules.Dubai unveiled a regulatory regime for crypto last year.The head of Dubai's virtual assets regulator said he wants to find ways to lower the cost for small crypto firms."There's a number of things that I'm looking at