Bitfarms postpones ‘special meeting’ over Riot’s board change demand
Bitfarms delayed its special shareholders’ meeting to address Riot’s demand for board changes, aiming for an informed decision.
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Insurance Giant Aetna Partners With IBM on Blockchain Network for Healthcare Industry
United States-based health insurance giant Aetna has partnered with IBM to create a blockchain network tailored to the healthcare industry, Reuters reported Jan. 24.Estimated to serve over 39 million clients globally, Aetna has reportedly issued a joint statement with IBM clarifying that the blockchain system will be designed to streamline insurance claims processing and payments,…
New York state releases guidance for issuing dollar-backed stablecoins
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type. 223 Total views 3 Total shares The New York State Department of Financial Services (DFS) on Wednesday released regulatory guidance for U.S. dollar-backed stablecoins issued by DFS-regulated entities. According…
Coinbase, Kraken Join Major Exchanges Supporting Ethereum Constantinople Hard Fork
Major United States cryptocurrency exchanges Coinbase and Kraken became the latest to confirm support for Ethereum’s (ETH) Constantinople hard fork, both announcing on Twitter, Jan. 14.The two major exchanges join Binance, Huobi and OKEx in pledging to monitor the event, which will trigger at Ethereum block height 7,080,000, expected this week.“Coinbase intends to fully support…
Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC
Bitcoin (BTC) stayed undecided at the Nov. 24 Wall Street open as one trader reinforced a $12,000 BTC price target.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price "main target" for bottom $12,000-$14,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $16,500 as an eerie calm continued on the market.The pair nonetheless failed to convince…
Coinbase Generated Nearly $2 Billion in Trading Fees Since 2012
At Vanity Fair’s New Establishment Summit, Coinbase CEO Brian Armstrong said that Coinbase has generated close to $2 billion in trading fees since it launched in 2012.On Oct. 23, the co-founder and CEO of major United States cryptocurrency exchange and wallet provider Coinbase told Vanity Fair that technology has always been the focus of Coinbase,…
3 reasons why Bitcoin price abruptly dropped 6% after reaching $15,800
The price of Bitcoin (BTC) rose to as high as $15,840 before crashing to $14,800. Just 5 hours after reaching an intraday top, the dominant cryptocurrency dropped over 6%. Thi massive spike in volatility was likely caused by three major factors.The three catalysts for the abrupt downtrend were the recovery of the dollar, the decline…
US crypto derivatives merchants need to leave customer funds alone, says CFTC
The CFTC has issued new guidance for crypto derivatives markets that hold customer funds, much of which boils down to "be very, very careful." 2717 Total views 19 Total shares Per guidance released Wednesday evening, the Commodity Futures Trading Commission (CFTC) is advising businesses trading in crypto derivatives to hold customer funds very carefully.The new guidance continues…
Simplified Blockchain Tech Is Helping Bring Banks out of the Stone Age
An archaic blockchain technology helps a technology company convince U.S. bank regulators that the transactions are free of money laundering. 709 Total views 21 Total shares Treasury Prime aspires to bring U.S. banks out of the stone age by providing automation through APIs. It appears that they internally use rudimentary blockchain technology to handle their…