The Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has apparently withdrawn its request for a rule change by the United States Securities and Exchange Commission (SEC). According to an official notice published on Jan. 23, BZX withdrew a proposed rule change that would allow it to list a Bitcoin (BTC) exchange-traded fund (ETF).ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential step forward for the mass adoption of cryptocurrencies as a regulated and passive investment instrument.
Crypto markets might need more than a decade to regain 2017’s price highs, but the industry will a “dramatically different ecosystem at that point,” according to top altcoin Cardano’s (ADA) founder, Charles Hoskinson. The industry expert made his comments in an interview with Cointelegraph at the Crypto Finance Conference, Jan. 17.Hoskinson compared crypto’s major growth spurt in 2017 with Amazon’s performance during the dot-com bubble. The entrepreneur — who is also the co-founder of Ethereum (ETH) — noted that it took 11-12 years for the internet giant to recover its all-time highs at the peak of the bubble. He argued that by 2011-2012, the firm was a “very much more mature company, much more realistic company.”According to Hoskinson, crypto as an industry could experience a similar grow
There are many cryptocurrency traders, investors, and enthusiasts that might have grown tired of Bitcoin price predictions, given the fact that the markets are so volatile. For example, Tom Lee of Fundstrat Advisors, who has frequently appeared on popular media platforms such as Bloomberg and CNBC, gave various incorrect predictions about the price of Bitcoin before ultimately abandoning the prediction game. However, one individual is making a big prediction, even though there isn’t a specific price associated with it. That individual is Brian Armstrong, the CEO of Coinbase, one of the most recognized companies in the cryptocurrency sector which is valued at around $8 billion. Specifically, he believes that major strides will be made with regards to regulation. Where did all these people
Blockchain technology firm Bitfury Group has released a series of new tools for merchants and developers in a bid to drive wider adoption of the Lightning Network (LN). The launch was announced in a blog post from Bitfury’s LN engineering team, “Lightning Peach,” Jan. 23.Bitfury’s new LN-related offerings span an open source LN-enabled Bitcoin (BTC) wallet, a hardware LN payments terminal and e-commerce software for merchants, a host of developer tools, and a public LN node to facilitate users’ creation of LN payment channels.The Lightning Network is a second-layer solution to Bitcoin’s scalability limitations, which works by opening payment channels between users to keep the majority of transactions off-chain, turning to the underlying Blockchain only to record the net results.Valery Vavi
B2C2, a leading cryptocurrency over-the-counter (OTC) liquidity provider for digital assets exchanges and financial institutions, has announced its streaming pricing feature aimed at enabling OTC traders to carry out “point-and-click” trading execution, according to a Business Wire press release on January 21, 2019. OTC Traders’ Orders Executed in Real Time In its bid to eliminate all forms of delays in OTC order execution, B2C2 has launched a new secure web interface to enable its OTC cryptoassets traders to execute trades in real-time on a two-way market. As stated in its press release, the innovative feature makes it easier for OTC cryptocurrency traders to monitor live price movements of blockchain-based virtual currencies and execute orders with the click of a button. For the uninit
Major global Bitcoin (BTC) wallet Xapo will relocate key business operations from Hong Kong to Switzerland, according to Swiss news agency Swissinfo on Jan. 21.Speaking at the World Web Forum in Zurich, the wallet’s president Ted Rogers revealed that the main purpose of the move was the search for a better crypto regulatory environment.According to Xapo’s president, Hong Kong used to be thought of as “the holy grail of crypto regulations,” but that in fact the jurisdiction has “become more opaque.”Rogers argued that he always considered Switzerland “the right place” for blockchain and crypto-related projects to flourish, stating that Swiss regulators are “smart, interested and sophisticated in dealing with the financial markets.”According to the report, Xapo’s geographic transfer of operat
Despite being less than seven months old, Block.one’s EOSIO blockchain protocol is already a favorite among enterprises and developers as there are currently more than 250 projects being built on the network, the company announced in a blog post on January 21, 2019. Developers Flock to EOS Following Latest Update The EOSIO blockchain protocol published by Block.one is on its way to breaking all kinds of records when it comes to blockchain adoption and it’s not even a year old. With over 260 different projects being built on the network, it’s safe to say that the platform has become a favorite among developers. According to Blocktivity, EOSIO is the most used blockchain in the world, as its platform offers developers the opportunity to build services that have real-world utility. Many enter
On January 22, 2019, Livio Weng Xiaoqi, the chief executive of Huobi Global, insisted that the company is still profitable despite the bear run and event layoffs, as new projects are launched. Beating the Bear Run Within the last year, there have been significant changes in the global cryptocurrency market and not all of them good. Last year, crypto firms saw rapid expansion and record profits and this year, many have filed for bankruptcy and closed shop. Despite the current situation, Beijing-based Huobi Group has managed to stay afloat. Last year, they gave a 300 bitcoin bonus (worth over $3 million at the time ) to a senior executive and this year, they have been forced to lay off some of their workforce. Regardless of this, Livio Weng Xiaoqi, chief executive of Huobi Global, insists...
A number of online crowdfunding sites and wallet providers have been embroiled in controversy after a series of high-profile account cancellations associated with alt- and far-right views. Although the move to “deplatform” those seen to be allegedly promoting hate speech has received popular support, several high-profile political commentators and libertarian media personalities consider this to constitute and unacceptable assault on free speech.As a result, some of the online crowdfunding platform Patreon’s top content creators decided to leave the platform in favor of Bitcoin funding, each taking with them tens of thousands of dollars in monthly revenue. As the furore surrounding payment platforms and their decision to cancel controversial accounts continues, Cointelegraph takes a close
Key technical parameters signal that top cryptocurrency Bitcoin (BTC) may be finding a bottom, and could even be headed for a short term price hike, according to analysts at Bloomberg Jan. 22.Bitcoin’s GTI Global Strength Technical Indicator is now at 35.6, which Bloomberg notes is “nearing oversold levels,” and the lowest level since December. The parameter indicates the coin has robust support at $3,000-$3,100, and is stabilizing around the $3,500 mark.Bloomberg gages the likelihood of a short term rally based on the GRI VERA Trend Signals indicator — VERA, which stands for Volatility Explosion Relatively Adjusted theory, is used to identify trends over multiple time spans.Having reportedly breached its lower VERA band limit yesterday, Bitcoin quickly rebounded to trade just above it — a