Crypto News Reviews 

Bitcoin News Digest Thursday, December 5, 2019

Bitfury Launches First Enterprise Blockchain Secured By Bitcoin After previously releasing open-source software that anyone could use for free to run a permissioned blockchain similar to bitcoin, Bitfury today launched Exonum Enterprise, the first such blockchain built from the ground up to let large corporations streamline their business.   Crypto Lender BlockFi Rolls Out Zero-Fee Trading for Bitcoin, Ether, GUSD BlockFi, the cryptocurrency lending service, is expanding into trading with an unusual, zero-fee model.   Chris Bukowski, Bachelor In Paradise Star, Sees Bitcoin Prices Rising Chris Bukowski, ‘Bachelor in Paradise’…

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Crypto News 

Stablecoin Adoption Can Impact Economy, Warn Senior US Regulators

“A panel of senior financial regulators in the United States has warned the public about the purported risks of stablecoins and cryptocurrencies” writes William Suberg for cointelegraph.com. The FSOC was set up in 2008 to combat risks to the financial sector after the financial crisis.Financial regulators should review existing and planned digital asset arrangements and their risks, as appropriate.” The FSOC additionally mentioned Bitcoin (BTC) and other cryptocurrencies as part of its coverage.In its annual report for 2019, the regulators stated, “If a stablecoin became widely adopted as a means…

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Crypto News 

SMAC in the DARQ: Tech trends shaping 2020…

“However, blockchain networks devour huge amounts of energy, and concerns will mount about their environmental impact as debate intensifies more broadly about tech’s contribution to climate change” writes Jitendra Joshi for yahoo.com. Unbreakable blockchain networks of computers have already been generating virtual currencies in the form of bitcoin and its ilk, bypassing the need for a regulator like a government or central bank.AFP looks at five themes shaping the world of technology after a year in which the public’s mood towards the industry grew more distrustful. Source: yahoo.com

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Crypto Markets News 

70 Crypto Hedge Funds Shut in 2019 with Low Institutional Demand

“As many as 70 crypto-focused hedge funds closed down this year as institutional turn out to the sector remains on the lower side” writes Arnab Shome for financemagnates.com. Hedge funds based in North America led the group with the shut down of 28 funds followed by Europe with the count as high as 23. 14 hedge funds in the Asia-Pacific region and 3 in other regions also shut their operations.Discover iFX EXPO Asia 2020 in Macao – The Largest Financial B2B Expo “The market is definitely retail driven and will…

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Crypto News 

Nordea Bank Wins Court Case; Employees Can’t Hold BTC

“A Danish bank known as Nordea Bank has taken some flak for saying that its employees are not allowed to hold bitcoin or other cryptocurrencies” writes Nick Marinoff for livebitcoinnews.com. It doesn’t care about your past or any previous financial decisions you’ve made, and instead provides you with a quick method of paying for goods and services.The court ruled that the bank was simply trying to protect its employees from making any investing decisions that could potentially come back to haunt them. Nordea Bank initially stated that there was too…

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Crypto News 

Someone Performed a Very Unprofitable 51% Attack on Vertcoin

“This causes someone to spend money two times in a row” writes Nick Marinoff for livebitcoinnews.com. After experiencing a nasty 51 percent attack roughly one year ago, Vertcoin has been subjected to another such attack on its blockchain. 51 percent attacks occur when hackers secretly infiltrate a specific blockchain and then begin mining their own chain through the ledger. Vertcoin, however, remains vulnerable to these kinds of attacks in the future, despite the unprofitability of the recent attempt.With such an expensive method taking place, the motives of the person behind…

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Crypto News 

This Cryptocurrency Seems Designed For A Post-State Society

“While the thought of regulating some new global currency might seem silly, this compatibility should be quite appealing to policymakers” writes Dylan Love for cointelegraph.com. Upstart crypto company Saga wants to issue a new global currency on the blockchain.Saga’s SGA digital currency relies on an international reserve asset called Special Drawing Rights (SDR), which was introduced by the International Monetary Fund in 1969.So the monetary value of SGA can change, but the idea is that any change in price happens slowly and sustainably. Source: cointelegraph.com

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Crypto Futures News 

Bakkt CEO Kelly Loeffler Appointed to US Senate Seat

“Georgia Governor Brian Kemp has appointed Kelly Loeffler, CEO of institutional Bitcoin (BTC) futures platform Bakkt, to a United States Senate seat” writes Ana Alexandre for cointelegraph.com. In the meantime, Bitcoin futures open interest on the Bakkt platform hit a new all-time high of $6.5 million on Dec. 3.Also, Bakkt is planning to launch the first regulated options contract for Bitcoin futures on Dec. 9. Source: cointelegraph.com

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Crypto News Platforms 

Former Morgan Stanley Developers Launch Crypto Derivatives Exchange

“Eight former core developers from financial services company Morgan Stanley have launched Phemex, a new cryptocurrency derivatives trading platform, in Singapore” writes Joeri Cant for cointelegraph.com. In November, Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), proposed to bring crypto derivatives trading under its purview.As executives from Morgan Stanley, we know what kind of ways, what kind of direction, or what kind of architecture can support high-frequency trading, stability, and low latency.Phemex co-founder Jack Tao said: Tao, who spent 11 years as an executive at Morgan…

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Crypto News 

France to Test Its Central Bank Digital Currency in Q1 2020: Official

“The central bank of France plans to pilot a central bank digital currency (CBDC) for financial institutions in 2020” writes Helen Partz for cointelegraph.com. As reported by Les Echos, the initiative intends to strengthen the efficiency of the French financial system, while ensuring trust in the currency.François Villeroy de Galhau, the governor of the Bank of France, announced that the bank will start testing the digital euro project by the end of the first quarter 2020, French financial publication Les Echos reports Dec. 4. Source: cointelegraph.com

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