Archax selects R3’s Corda platform for digital exchange DLT infrastructure LeapRate

October 18, 2019 BY Valentina Kirilova

Archax selects R3’s Corda platform for digital exchange DLT infrastructure

London-based institutional digital securities exchange, Archax has announced that it has teamed up with R3. The exchange will use R3’s Corda Enterprise platform to build its post-trade infrastructure to reduce friction in the post-trade process, as well as to handle post-trade activities on a distributed ledger. Archax' application to operate a multilateral trading facility (MTF)…

October 18, 2019 BY Valentina Kirilova

Crypto-verse deep into monitoring volumes and supporting law enforcers

One of the common misunderstandings that government officials continue to spout is that the blockchain is a safe haven for crooks and that the crypto industry is not doing anything to stop these illicit activities. It always makes for great headlines and “click bait”, whenever these mistruths are uttered in the public sphere, but the…

New BIS report cites “internalization” by large banks for 7% volume drop

October 17, 2019 BY Valentina Kirilova

New report finds smaller-capped coin projects struggling with liquidity

As 2018 came to a close, several concerned observers of the crypto-verse predicted that 2019 would be a critical turning point for many crypto development efforts. In other words, it was time to demonstrate marketable “use cases” across the spectrum of over two thousand token programs that had raised significant funds based on rather thin…

October 17, 2019 BY Valentina Kirilova

Fed to inject billions to bolster liquidity, while cryptos see temporary boost

Analysts are still scratching their heads regarding the Fed’s decision last week to inject roughly $60 billion per month into the U.S. economy. The central bank announced that it would be buying back Treasury bills, perhaps until Q2 of 2020, in hopes of preventing turmoil in repo money markets. The confusing part was when Jerome…

October 17, 2019 BY Valentina Kirilova

Bitcoin’s Double-Bottom breakout breaks down, as momentum subsides

Bitcoin enthusiasts were hopeful last week that a familiar technical pattern would come to the rescue of their beloved digital asset, but it was not to be, at least not yet. The pattern that got everyone excited was what is called a “Double-Bottom Reversal”. If you calculate the distance from the bottom to its “neckline”,…

October 16, 2019 BY Valentina Kirilova

Bitcoin prices may have fallen, but CME BTC futures up 61% vs Q3 2018

With all the hoopla surrounding the stumbling Bakkt futures exchange, we tend to forget that the Chicago Mercantile Exchange (CME) has already established itself as a “go to” place for Bitcoin futures contracts. The CME is also a wily competitor, having knocked out the Chicago Board of Exchange (CBoE) from the arena last March. The…

October 16, 2019 BY Valentina Kirilova

Crypto exchanges struggling with FATF AML regulations – 8 months to go

When the G20 approved the recommendations of the Financial Action Task Force (FATF) back in late June, the group imposed a one-year deadline for local regulators to adopt new rules and regulations regarding implementation and compliance. The rules themselves have no explicit penalty provisions, but crypto exchanges are already four months into the process and…

The world’s largest crypto IPO postponed

October 15, 2019 BY Mariela Naydenova

SEC rejects Telegram token GRAM and sues TON

The US Securities and Exchange Commission (SEC) is definitely not wasting its time when it comes to slashing ICO dreams. The financial regulatory body, after rejecting another Bitcoin ETF application, went on to file a legal complaint against the messaging app Telegram and its Telegram Open Network or TON. The reason? The unregistered ICO of…

October 15, 2019 BY Valentina Kirilova

U.S. IRS publishes new crypto tax guidelines for forks, income, and gains

The Internal Revenue Service (IRS), the tax collection agency in the United States, is three months into its crackdown on taxpayers that may have forgotten to report their crypto related transactions back in April. Up to now, they have furnished an assortment of educational materials and telephone “hot-line” support, but, in their infinite wisdom, the…

October 14, 2019 BY Valentina Kirilova

New crypto refresher pictogram depicts evolution and its disruptive nature

Fortunly.com has recently released a new pictogram entitled “How Crypto Is Disrupting the Financial Ecosystem”, which presents how cryptos have evolved over the past decade and how they are reshaping the world of domestic and global commerce today. Per its website, Fortunly.com’s mission is “to make the complicated world of money accessible to everyone”. They…

Category: Cryptocurrency