Hong Kong Exchange Prepares for Blockchain Trading Platform

Twitter Facebook LinkedIn Hong Kong Exchange and Clearing Limited (HKEX) has joined forces with Digital Asset to develop a blockchain platform for post-trade allocation and processing of trades. This alliance was created under the Stock Connect programme with China, based on a FinExtra report. HKEX had been working on a prototype system for Stock Connect using Digital Asset’s platform and smart contract modeling, as it attempts to speed up the post-trade process and reduce settlement risks among traders. This plan was made known by HKEX CEO Charles Li at a…

Bitcoin Price Watch: BTC/USD Targets Fresh High Above $6,400

Key Points Bitcoin price gained traction and moved above the $6,335 and $6,350 resistances against the US Dollar. There was a break above a key bearish trend line with resistance at $6,345 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower, but there are decent supports near $6,345 and $6,325. Bitcoin price is gaining upside momentum against the US Dollar. BTC/USD could dip a few points before it climbs above the $6,380 and $6,400 levels. Bitcoin Price Analysis Yesterday, we saw…

Cardano Price Analysis: ADA/USD Eyeing Rebound Above $0.075

Key Highlights ADA price found support near the $0.0680 level and recovered against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0710 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently trading in a bullish zone and it could move towards $0.0750 or $0.0780 in the near term. Cardano price is rebounding against the US Dollar and Bitcoin. ADA/USD is likely to correct further higher towards the $0.0750 level. Cardano Price Analysis In the…

The Incoming Wave of ICO Regulation (Yes, It’s Coming)

Alex Sunnarborg is a Founder of Tetras Capital. Previously, he was a research analyst at CoinDesk and a founder of the crypto investing app Lawnmower. As you may know, securities classification analysis in the U.S. today primarily revolves around the Securities Act of 1933 and the SEC v. W.J. Howey Co. Supreme Court case of 1946. The Securities Act of 1933 was established to require issuers to disclose certain pieces of information to potential investors prior to any public securities offering. This law was enacted to reduce misrepresentation by issuers and to help…

Bithumb and seriesOne Partner to Launch U.S. Securities Token Exchange

Aiming to create an SEC and FINRA-compliant U.S. exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture. According to an announcement made on November 1, 2018, officials behind the venture look to trade security tokens within a “compliant marketplace” and within the context of “other applicable regulatory approvals.” For South Korea-based Bithumb, the venture provides the exchange with new expertise around U.S. regulation. seriesOne, a company created by finance industry veterans in the tech, investment banking, venture capital and compliance sectors, operates a U.S. platform…

Coinsource Receives BitLicense to Operate Bitcoin ATMs in New York

Bitcoin ATM Operator Coinsource has been granted a BitLicense by the New York Department of Financial Services (NYDFS). Based in Texas, Coinsource deploys Bitcoin ATMs to key population centers across the world with over 200 machines installed in the U.S. alone. CEO of Coinsource Sheffield Clark called the announcement a “landmark day for Coinsource” and an “important win for New Yorkers” in a statement. In an interview with Bitcoin Magazine, Clark noted that he sees the “license as validation of not only our tireless efforts to offer Americans easy, convenient…

Op Ed: 10 Takeaways From Recent French Guidance on Blockchain and the GDPR

“The GDPR, and more generally the classical principles of personal data protection, were conceived in a world where the management of data was centralized within specific entities. In this regard, the decentralized model of data governance embodied by blockchain and the multiplicity of actors involved in the processing of data complicate the definition of the roles of each one.” Blockchain: Premiers éléments d’analyse de la CNIL (unofficial translation). In late September 2018, France became the first EU member state to release official guidance on the complicated interplay between the General…

Unchained Capital Revamps Loans With Multi-Party, Multi-Sig Storage

Blockchain financial service company Unchained Capital will now offer multi-signature and multi-institution cold storage solutions for borrowers who leverage its crypto-collateralized loans service. According to a company statement, the cold storage solution will be multi-institution and collaborative with code-level controls for the safe storage of cryptocurrencies. Earlier this year, Unchained closed a $2.9 million round of venture funding to fuel the innovation in its wealth management and financial services offerings for long-term crypto investors. Unchained Capital offers loans to individuals and businesses, accepting only bitcoin (BTC) and ether (ETH) as…

Tether Confirms That It Is Banking With Bahamas-Based Deltec

Tether Limited is back in the news; this time, it has confirmed a banking relationship with a financial institution based out of the Bahamas. The issuer of the controversial USD-pegged stablecoin tether (USDT) announced its partnership with Bahamas-based Deltec Bank & Trust Limited. Tether went a step further by publishing an attestation letter from the bank, showing evidence of its reserves. In a blog post on its website, Tether stated that Deltec accepted it as a client after a “due diligence review” was carried out, which included an assessment of…

Ripple Price Analysis: Buy Dips In XRP/USD Near $0.4500

Key Highlights Ripple price gained bullish momentum and broke the $0.4500 resistance area against the US dollar. There is an ascending channel formed with support at $0.4540 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains well supported on the downside near the $0.4540 and $0.4500 levels. Ripple price bounced back nicely against the US Dollar and Bitcoin. XRP/USD has moved into a bullish zone and it could break the $0.4620 resistance zone. Ripple Price Analysis Yesterday, we saw a decent upward move above…