Crypto News Reviews 

Bitcoin News Digest Tuesday, October 22, 2019

Casa Is Helping Bitcoin Investors Pass on Their Holdings When They Die If you passed away tomorrow, would your loved ones be able to access your bitcoin holdings? That’s a concern addressed by a new service from crypto   Opera adds Bitcoin support to its Android crypto wallet Opera has officially added Bitcoin support to its Android browser app, nearly a year after it first introduced a built-in crypto wallet.   Bitcoin.com Acquires Japanese Blockchain Developer 03 Labs The deal, which closed recently for an undisclosed sum, will see O3…

Read More
Crypto Futures Markets News 

CFTC Chair Says Ether Futures ‘Likely’ in 2020

“Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert believes the crypto world will see ethereum futures contracts sometime in 2020” reports coindesk.com. However, it remains unclear who might actually be interested in offering ether futures contracts to the U.S. market.The process would be similar to approving bitcoin futures contracts.He added: There may be a demand for other futures contracts.He went on to add: Tarbert first declared ether a commodity earlier this month, announcing that his agency would be willing to approve futures contracts on the world’s second-largest cryptocurrency by market…

Read More
Crypto News 

Casa Is Helping Bitcoin Investors Pass on Their Holdings When They Die

“With the launch, Casa aims to tackle the quandary for bitcoin users who may pass away while holding bitcoin” reports coindesk.com. If the client should pass away, the estate lawyer key, the Casa recovery key and the safety deposit box key would be used to recover the funds.Called Casa Covenant, the service combines multisignature authorization with a security protocol to assign bitcoin holdings for later inheritance.The extra key will be activated during the process of setting up the Covenant service and would be held by the client’s estate lawyer, said Casa. Source: coindesk.com

Read More
Crypto News 

Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted

“Let me tell you what I mean. 99.9% of all money laundering crimes go unprosecuted” writes Marie Huillet for cointelegraph.com. In the traditional financial sector today, “99.9% of all money laundering crimes go unprosecuted,” she told anchor Kyle Bass, during an interview for Real Vision Classics on Oct. 22.Kathryn Haun — a general partner at Andreesen Horowitz and the Justice Department’s prosecutor for the infamous Silk Road case —- says that the fiat-dominated financial system is inept at tackling the very thing it purports to worry about when it comes…

Read More
Crypto News 

Bank of Cambodia: We’ll Allow More Control With Blockchain Payments

“Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on Oct. 22” writes Adrian Zmudzinski for cointelegraph.com. Chea said that the National Bank of Cambodia has experimented with domestic blockchain payments for retail, but the main interest is testing them for cross-border transactions.It has already been recently reported that Maybank has signed a memorandum of understanding with the National Bank of Cambodia on blockchain cross-border payments and remittances, though the details…

Read More
Crypto Markets News 

New Research: Energy DLT Apps’ CAGR to Surge 67% Over the Next Decade

“In August, U.S. Department of Energy awarded a $1 million grant to organizations developing a commercial blockchain energy transaction platform” writes Helen Partz for cointelegraph.com. Energy blockchain applications are expected to see a 67% compound annual growth rate (CAGR) over the next ten years, according to new research.Navigant Research, Colorado-based market research and consulting team, has released a report devoted to the development of blockchain applications in the energy industry on Oct. 22.Titled “Energy Blockchain Applications Overview,” the research provides an analysis of the blockchain market by region and segment…

Read More
Crypto Markets News 

Tether’s Red Dragon: Why USDT is Dominating Chinese Markets

“The explosion of usage of USDT in Chinese crypto markets has also been reflected in the other coins that Chinese traders are using the Tether dollars to purchase–primarily, Bitcoin” writes Rachel Mcintosh for financemagnates.com. Dovey Wan tweeted that “this may impact local liquidity to quite some extent.” The popularity of USDT in Chinese crypto markets has also been demonstrated by the development of a premium price for USDT on OTC platforms.While a wave of bullish activity in cryptocurrency markets can explain much of this, a great deal of new USDT…

Read More
Crypto News 

UK Govt brushes off questions about FCA’s proposals to ban crypto investment products

“For more than a year, the UK Financial Conduct Authority (FCA) has been mulling rules concerning cryptoasset-related activities” reports financefeeds.com. This is due to the: The regulator said back then it estimates a ban could reduce harm by £75m to £234.3m a year for retail investors.On October 21, 2019, John Glen replied to a series of questions related to cryptocurrencies, with most of them about the effects of the proposed ban on the offering of crypto-based investment products to retail investors.Here is one of these questions: “To ask the Chancellor…

Read More
Crypto Markets News 

‘Death Cross’ Dampens $8.8K Hopes as Bitcoin Price Recovery Stalls

“At this moment with the looming death cross, it is seemingly unlikely and thus price action favors the bears” reports cointelegraph.com. The daily Bitcoin chart shows that the digital asset has an impending death cross of the 200-week and 50-week moving averages.The death cross is occurring at the descending multi-month resistance adding weight to the idea that Bitcoin is up against bearish momentum. Source: cointelegraph.com

Read More
Crypto News Platforms 

Blockchain Firm Algorand Announces Sharia Certification for Islamic Finance

“The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing” writes Joeri Cant for cointelegraph.com. Cointelegraph reported in August that Dubai-based fintech company Wethaq partnered with enterprise software firm R3 to create a platform built on R3’s enterprise blockchain platform Corda.The SRB examined the capabilities and applications of Stellar and released guidance that allows Islamic financial institutions to use Stellar technology.According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating: Although Algorand obtained the…

Read More