A New York judge ordered crypto exchange Bitfinex and its affiliated stablecoin issuer Tether to turn over documentation about a loan and a line of credit Tether provided to Bitfinex. Judge Joel Cohen, of the state’s Supreme Court, echoed comments from a preliminary hearing held last week in New York City in an opinion published late Thursday, ordering … Continue reading Tether Ordered to Freeze Transfers to Bitfinex by New York Supreme Court
The World Bank and the Commonwealth Bank of Australia (CommBank) have teamed up to enable recording of secondary market bond trading using blockchain tech. The institutions announced Wednesday that their successful recording of a secondary transaction for bond-i, a blockchain-operated debt instrument, on a distributed ledger shows the “vast potential” of the technology, and marks the first bond … Continue reading World Bank, CommBank Team Up for ‘World First’ Blockchain Bond Transaction
Daniel Cawrey is chief executive officer of Pactum Capital, a quantitative cryptocurrency investment firm and hedge fund. The views expressed are those of the authors and are not investment advice. All investors, institutional or otherwise, have a duty to try to see the world as it truly is. Not as they wish it to be. This … Continue reading Binance, Bitfinex and Tether: What’s the Worst That Can Happen?
Nordic private banking institution Nordea is expanding its offering of the blockchain-based trading platform we.trade to its small and middle-sized business customers (SMEs), according to a press release on May 9. The platform will purportedly help address trust deficits extant in current cross-border trades made by SMEs. Patrik Zekkar, Global Head of Trade Finance and Working Capital … Continue reading Nordic Banking Giant Nordea Opens Blockchain Trading Platform to More Clients
The Takeaway JPMorgan’s technology teams spread across three continents have been busy updating the bank’s Quorum blockchain platform over the past six months, replacing key parts of its privacy-enhancing components. Like JPMorgan’s recently announced partnership with Microsoft Azure, the updates were meant to make Quorum usable by a larger universe of firms. According to JPMorgan … Continue reading JPMorgan Quietly Reboots the Blockchain Behind Its JPM Coin Cryptocurrency
Since the start of April, Bitcoin has been on a massively bullish rally, leaving bearish traders and the altcoin market in its dust. The rally began with a break of resistance at $4,200 that caused the price of the leading crypto by market cap spike $1,000 over an hour. According to research, the entire move was orchestrated … Continue reading Bullish: Crypto Community In Shock Over Recent Bitcoin Price Resilience
A group major cryptocurrency traders is considering the idea of creating a blacklist of counterparties engaged in nefarious activities in the crypto space, Bloomberg reported on May 8. At a meeting in Chicago on Tuesday, a group of traders from 35 digital assets firms including such industry players as trading firm DRW Holdings Inc.’s Cumberland crypto unit, Mike Novogratz’sGalaxy Digital … Continue reading Bloomberg: Major Crypto Traders Meet to Establish Industry Blacklist, Standards
Many economists argue that the root causes of the 2008 global financial crisis have yet to be addressed comprehensively, or that measures taken have been exhausted, such as the extent to which quantitative easing was used, which has been put forward by the deputy director of the International Monetary Fund (IMF). Some argue that the efforts to … Continue reading How Security Tokens Can Prevent an Impending Financial Crisis
Bitcoin price declined sharply after it broke the key $5,400 and $5,380 supports against the US Dollar. The price even broke the $5,000 support level and tested the $4,900 support area. There was a break below a major bullish trend line with support at $5,410 on the hourly chart of the BTC/USD pair (data feed … Continue reading Bitcoin (BTC) Price Tumbles: Is This Trend Change or Correction?
Bitcoin broke its 5-month high as it broke $5600 on 23rd April 2019. The price of Bitcoin CME Futures (Symbol: BTJ19) at 14: 30 hours UTC on 24th April 2019 is $5460. CNBC broadcaster, Dominic Chu, interviewed traders Jim Luorio and Jeff Kilburg about their views on the move and also their targets. Also Read: Bitcoin [BTC] … Continue reading Bitcoin [BTC] Futures Traders Bullish; Targets and Stop Loss To Watch: CNBC Update