Wall St. to Washington: Bakkt Launches New Products, CEO Joins Senate

Bakkt launches first U.S.-regulated BTC options and cash-settled futures, while CEO is set to become a senator. What does it mean for crypto? Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures. The announcement came just three months after the project went live with its physically delivered futures, following a series of delays. Meanwhile, the platform’s CEO, Kelly Loeffler, is reportedly going to replace Georgia Senator Johnny Isakson in the U.S. Senate by the end of…

Read More

Mainstream Investment Vehicles Tied to Cryptocurrencies Grow Exponentially

These days bitcoin and a variety of other digital assets are now being traded as funds and traditional equity holdings. The landscape of crypto investment vehicles has changed significantly as institutional and retail investors don’t need direct exposure to cryptocurrencies in order to invest in this technology. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange Traditional Investment Products Tethered to Digital Assets Bitcoin has been around for more than a decade and the digital asset has invoked the creation of trusts, exchange-traded products, cash-settled futures, and investment funds.…

Read More

US Health Insurance Giant Piloting Blockchain to Secure Medical Data

Anthem, the second-largest health insurance company in the U.S., plans to use blockchain technology to secure medical data for its 40 million members. Anthem, the second-largest health insurance company in the United States plans to use blockchain technology to secure medical data of all 40 million members over the next three years. On Dec. 12, Forbes reported that Anthem plans to use blockchain technology to give patients secure access to their medical data, while also giving them the possibility to share that data as they see fit. Anthem CEO Gail…

Read More

German Fintechs Rush to Offer Crypto Custody Services Under New Law

Fintech companies in the Federal Republic are quickly moving to develop and offer custodial solutions for digital assets under the new German legislation that will allow banks to store, transfer and trade cryptocurrencies next year. Berlin-based Solarisbank has established a subsidiary that will focus exclusively on the niche. The new entity and another German startup, Finoa from Potsdam, are planning to apply for new crypto custody licenses. Also read: Skrill Now Lets You Swap BTC for BCH Solaris Digital Assets to Apply for Bafin License As an important partner of…

Read More

Hybrid AI Firm Cindicator Launches Crypto Fund Based on Hybrid Intelligence

Hybrid intelligence firm Cindicator announced the launch of Cindicator Capital, a crypto hedge fund based on hybrid Intelligence data as well as quantitative research. Hybrid intelligence firm Cindicator is launching Cindicator Capital, a crypto hedge fund based on hybrid intelligence and quantitative research. In a press release on Dec. 11, the company said that this new crypto fund provides access to investment strategies based on hybrid intelligence data as well as quantitative research, which includes data from forecasts and decentralized analysts. Cindicator co-founder and CEO Mike Brusov said: “The Cindicator…

Read More

Shopin Founder Pleads Guilty to Orchestrating Fraudulent $42 Million ICO

Shopin founder and former CEO Eran Eyal pleads guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million. The New York Attorney General (NYAG) Letitia James announced the conviction of Shopin founder Eran Eyal for orchestrating a fraudulent initial coin offering (ICO) following his guilty plea. As the NYAG announced on Dec. 12, the former CEO of Shopin pleaded guilty to felony charges for running a fraudulent initial coin offering that raised more than $42 million between August 2017 and April 2018. Eyal…

Read More

BlockFi to Offer First Interest-Bearing Crypto Accounts in Washington State

Cryptocurrency lending firm BlockFi announced that it obtained a money transmission license in the United States member state of Washington. Cryptocurrency lending firm BlockFi announced in an email that it obtained a money transmission license (MTL) in the state of Washington in the United States. The firm explained that the license will allow BlockFi to be the first crypto company eligible to offer interest-bearing crypto accounts to Washington state residents. Furthermore, Washington residents will also have access to the firm’s trading service. The trading platform was announced by the firm…

Read More

Croatian Post Launches Crypto Exchange Service at 55 Branches

Croatian Post, the biggest provider of postal services in the Republic of Croatia, is now offering a cryptocurrency exchange service at 55 post offices throughout the country. Currently, five cryptocurrencies are supported. This follows a successful implementation and positive results of a pilot program at a few branches. The Post found interest in this service and plans to offer additional crypto services in the future. Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency 55 Croatian Post Branches Can Exchange Crypto Croatian Post announced on Wednesday…

Read More

Can IEO Cryptos Recover After MATIC’s Mysterious 70% Plunge?

MATIC crashed on Dec. 10 while seeing its other IEO token counterparts face similar fates as a bearish picture emerges on their price charts. One of Binance’s initial exchange offering (IEO) tokens, Matic Network (MATIC), dropped almost 70% on Dec. 10. Meanwhile, other IEOs such as Celer Network (CELR) and Harmony (ONE) also followed suit.  Based on the Ichimoku Cloud, MATIC’s trend now sits in jeopardy as CELR and ONE seem to have lost whatever momentum they were gathering for a potential uptrend.  MATIC dumps taking other IEOs with it…

Read More

Weibo Continues Rage at Tron and Binance: Sun and Yi He Blocked

“Chinese Twitter” has recently suspended pages of major crypto personas, Tron’s Justin Sun and Binance’s Yi He. Tron (TRX) founder Justin Sun and Binance co-founder Yi He have had their Weibo accounts suspended. China’s major microblogging website, which is often referred as “Chinese Twitter,” has purportedly deleted the accounts of the two prominent crypto personas. Sources in China confirmed to Cointelegraph that content on Weibo accounts of Justin Sun and Yi He is no longer unavailable, with pages alert the violation of provisions of the Weibo Community Convention. Source: Dovey…

Read More