Bitcoin Price Not Correlated to Futures Expiration Dates: Research

The common idea that the bitcoin price drops just before the cryptocurrency futures contracts expire has no solid basis, a new study published by Cindicator suggests. The report, titled Bitcoin Futures: Market Evolution, studied bitcoin volumes on futures and spot cryptocurrency exchanges to get an idea about the liquidity and development of the holistic trading market. It initially found the presence of institutional investors in the future markets, analyzed their past positions on the futures, compared them to the bitcoin price movements before the future expired. The analysis is rested on…

Relocating to Blockchain Island Due to Strict Regulations

Zebpay, India’s largest cryptocurrency exchange, is heading for Malta! Following in the footsteps of major platforms Binance and OKEx, the exchange has had no choice but to move its operations to the ‘blockchain island’ amid strict regulations in India. Zebpay Moves to Malta The exchange shut down its operations in India last month, due to strict regulations issued by the Reserve Bank of India (RBI) in April. The RBI dictated that banks cease business with any firms relative to cryptocurrency. As such, Zebpay was forced to disable Indian Rupee deposits…

Ticketmaster Acquires Blockchain Startup in Bid to Combat Ticket Fraud

Major global ticket sales and distribution company Ticketmaster has acquired Upgraded, a blockchain startup using DLT and “smart tickets” to combat fraud within the industry. Share of Controversy Ticketmaster — which merged with Live Nation in 2010 to form Live Nation Entertainment — is a live music behemoth that either leases, operates, or has equity interest in many entertainment venues throughout the United States. The company promotes over 30,000 concerts and sells hundreds of millions of tickets annually. Live Nation Entertainment also boasts over $10 billion in revenue. It is,…

Ripple (XRP) and Litecoin (LTC)

The cryptocurrency market is currently sitting just above $210 billion this morning. While mainstream media is heavily focused on cannabis at the moment, blockchain companies are still making moves in the background. Today, we’ll take a closer look at Ripple (XRP) and Litecoin (LTC) and the latest advancements with the two projects. Ripple (XRP) Ripple and XRP are often confused as the same and are often grouped together because what Ripple the company does ultimately affects/influences the price of XRP. Less than a month ago, Ripple revamped its website to…

‘Cryptocurrency Fever’ Has Begun to Diminish, Russian Central Bank Head Says

The head of Russia’s central bank, Elvira Nabiullina, believes that “crypto fever” is beginning to diminish, major Russian news agency RIA Novosti reports Thursday, Oct. 18. Nabiullina, while speaking at finance innovation forum Finnopolis held in the South Russian city of Sochi, said that she believes cryptocurrencies and blockchain are now being treated more rationally: “Fortunately, the crypto fever has begun to diminish. Technologies such as blockchain have inspired great enthusiasm, but now, as far as we can see, the approach to them is more sober.” The central bank head…

BTC/USD Forming Doji in Bull Trap

Bitcoin remains motionless as the price enter yet another day of anxious stability. The Bitcoin-to-dollar exchange rate is extending its sideways consolidation trend. The spike seen at the beginning of this week – mostly because of the Tether crash – is fading aptly in the absence of adequate bullish sentiment, halted near circa 6550-fiat. The push lately brought the pair back towards 6400-fiat where market found a decent bull sentiment. Since then, the price is merely fluctuating inside an almost $150-range. There is still some bullish fundamentals that could fuel…

Cryptocurrency Lender Sees ‘Meaningful’ Bump in Institutional Borrowing

As institutional investors wade increasingly further into the cryptocurrency ecosystem, they are contributing to a significant bump in demand for cryptocurrency lending services. Institutional Crypto Lending Tops $550 Million That’s according to the Q3 Digital Asset Lending Snapshot from Genesis Capital, who in March launched the cryptocurrency industry’s first institutional lending business. Since the service’s launch seven months ago, the firm says that it has originated more than $550 million in loans, $130 million of which are currently outstanding. Source: Genesis Unlike other cryptocurrency loan providers, Genesis Capital — which…

Ticketmaster to Enhance Ticketing System with Blockchain in New Partnership

Global ticketing giant Ticketmaster has acquired blockchain-focused live events firm Upgraded, according to an Oct. 18 press release. Ticketmaster, a division of the world’s largest live-entertainment business Live Nation, plans to use blockchain technology through the partnership as a way to provide more transparency and better control ticket distribution. Additionally, the company hopes it will protect clients from fraud associated with the existing ticketing system, which works in the form of printed or PDF-based tickets. The blockchain live events company Upgraded will enable Ticketmaster to digitize traditional tickets into interactive…

Mt Gox’s Bitcoin Creditors Have 4 Days to Submit Rehabilitation Claims

Clients of the long-defunct crypto exchange Mt. Gox must submit any claims for trapped funds by Oct. 22. As previously reported by CoinDesk, the exchange first opened up the claims process in August, following a protracted bankruptcy battle. In June, petitioners asking for their bitcoin back won a major victory, as the Japanese bankruptcy court overseeing the proceedings shifted the case to one of civil rehabilitation, meaning creditors could file for their cryptocurrency holdings, rather than a fiat equivalent based on cryptocurrency prices in 2014. Bitcoin was worth less than $600 at…

Gates Foundation Partners With Former Ripple CTO’s Blockchain Project

The Bill and Melinda Gates Foundation has partnered with blockchain startup Coil as part of its mission to provide payment services for the unbanked. The news comes via a tweet from Miller Abel, the foundation’s deputy director and principal technologist, on Oct. 17. Abel indicated that the organization and Coil will work together to implement the Interledger Protocol and explore ways to support “pro-poor payment systems.” Interledger is an interoperability protocol that allows payments across different crypto networks. The technology was initially co-developed by former Ripple CTO Stefan Thomas while…