This UK Financial Regulator Has a Problem with Facebook’s Libra Coin

Most individuals in the crypto space have been following the journey of the Libra coin, Facebook’s recently unveiled cryptocurrency. From month-long rumors to the company unveiling it last month to Binance reportedly entering discussions with Facebook over it, the public has long known about Libra coin. And today, July 2, there is even more news about it. But it’s not good. More News About the Libra Coin On Tuesday, July 2, The Guardian reported that Christoper Woolard has warned against the Libra coin. Woolard, who is a senior financial regulator…

Binance Exchange to Launch Crypto Futures Trading with 20x Leverage

Binance, the world’s largest cryptocurrency exchange by trading volume, is soon to launch futures trading. During a presentation at the Asia Blockchain Summit in Taipei on Tuesday, Changpeng “CZ” Zhao, founder and CEO of the exchange, showcased a futures trading interface on Binance with features including longs and shorts on crypto assets. “Binance will be launching a futures platform very soon. I don’t have the exact date yet. The simulation test version will be live in a few weeks,” he said. Referring to the screenshot of the interface showed on the…

Longenesis Brings South Korean Medical Records to the Blockchain

Longenesis, a has Riga, Latvia-based but Hong Kong-incorporated company, is bringing medical records to the blockchain in South Korea using Bitfury’s Exonum platform. Longenesis, which was formed in late 2017, provides a suite of modular blockchain solutions for medical providers, supplying everything from user interfaces for patient interaction to medical recordkeeping. But its main focus has become medical-consent technologies. With its platform, every step of the process is linked, verifiable and auditable. The patient agrees to specified care or participation in a study or a trial. They can withdraw that…

‘Disappointed’ by Central Bank Blockchain, Russia’s Largest Bank Eyes Alternatives

The Takeaway Masterchain, a blockchain project backed by Russia’s central bank, is falling behind on its goals two years after inception. Sberbank, the leading bank in Russia, is unsatisfied with the system’s speed, security and overall efficiency after testing it. The bank is looking to shift its work to other enterprise platforms, Sberbank’s blockchain lab head said. Masterchain, the bank blockchain project developed under the auspices of the Russian central bank, is missing the mark, the project’s key participant told CoinDesk. Sberbank, Russia’s largest bank, has decided to wind down…

IBM-Maersk Shipping Blockchain Gains Steam With 15 Carriers Now on Board

IBM has recruited two more major shipping carriers to join the blockchain platform it co-owns with container giant Maersk.  Announced Tuesday, Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) – the world’s fifth and sixth largest carriers respectively – are the latest ocean carriers to join the TradeLens blockchain. They follow top-five carriers CMA CGM and MSC, which joined TradeLens last month.  Aside from Maersk and its subsidiary Hamburg Süd, TradeLens was launched in early 2018 with just one other shipping carrier, Asia’s Pacific International Lines (PIL), 17th in the world…

Huobi to Target Decentralized Finance With New Public Blockchain

Huobi Group is building a public blockchain specifically designed for use cases within decentralized finance (DeFi). In a press release Tuesday, the blockchain services firm and cryptocurrency exchange operator, said the planned offering – for now dubbed Huobi Finance Chain – will allow financial institutions, businesses and exchanges to launch their own blockchains, tokenized assets and DeFi services. Huobi said: “Among other applications, the project will have the potential to host lending services, debit services, stablecoins, security token offerings (STOs) and other means of asset issuance, decentralized exchanges (DEXs), real-world payment services,…

21.5% Of Bitcoin Owners Are Hodlers Despite BTC Price Scares

Bitcoin (BTC) sinks 5.1 percent in the last day Holders are steadfast, 21.5 percent of all BTC in circulation static in the last half a decade In an independent research, Delphi Capital now reveals that holders are unmoved even by the recent Bull Run. Overly, it is a good sign that over 21.5 percent of all BTC in circulation are secure. It’s a sign of confidence, especially now that bulls are cooling off in a correction. Bitcoin Price Analysis Fundamentals Coinciding with Yen, CHF and gold revival, Bitcoin’s rally was…

Ethereum SubZero Freeze Announced As ETH Bears Press Lower

Ethereum (ETH) falls, down 7.5 percent SubZero freeze marks the end-of-June phase 0 ETH prices are falling back as price action strives for balance. Following the SubZero freeze notifying the community of Phase 0 amends, the community is expectant of a price recovery. At spot rates, ETH is under pressure and could consequently slide to $230 in days ahead. Ethereum Price Analysis Fundamentals Good news for ETH holders and Ethereum as an ecosystem is that the network is ready to transition from proof-of-work to a staking consensus system. Controversial in…

Bitcoin Surge is Legitimate, Tether is Transparent Reflection of Crypto Exchanges

The price of bitcoin closed the second quarter of 2019 at a profit of approx 189 percent. Many claimed that it was Facebook’s Libra announcement that injected a fresh wave of optimism in the bitcoin market. Others believed that the ongoing US-China trade war and its impact on the macroeconomic sentiment influenced investors to consider bitcoin as “safe-haven.” Nevertheless, there is also the third theory, which is not as picturesque as the two stated above. Decrypt reported that almost $1 billion of new Tether (USDT), a controversial stablecoin, entered the cryptocurrency…

Former Ripple Exec to Lead Binance’s US Expansion as New Exchange CEO

The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO. BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America. Prior to joining the firm, Coley was the head of  XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement. Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley…