Online Bank Swissquote Launches Bitcoin Exchange-Traded Product

By | November 24, 2017

Swissquote Bank, an online banking service, has launched a bitcoin exchange-traded certificate that it claims will curb the cryptocurrency’s volatility. The Bitcoin Active Certificate works by moving investor’s holdings between bitcoin and U.S. dollars with the help of a machine learning algorithm that forecasts short-term market movements using technical indicators, buy/sell pressure and analysis of social media… Read More »

Holding Strong: Failed Price Breakdown a Boon for Bitcoin Bulls?

By | November 24, 2017

Bitcoin has witnessed decent two-way business in the last 24 hours. A drop below $8,000 during the Asian day was quickly undone and the world’s largest cryptocurrency by market value once again approached record highs, hitting $8,333 this morning. At press time, bitcoin is changing hands at $8,228, according to CoinDesk’s Bitcoin Price Index. As… Read More »

US Defense Bill Could Give Big Boost to Blockchain

By | November 24, 2017

An obscure provision tucked into a defense spending bill could serve as a springboard for blockchain adoption across U.S. government agencies. Part of a larger bill called the National Defense Authorization Act (NDAA), the Modernizing Government Technology Act (MGT) will allow the public sector to redirect cost savings (which normally must be returned to the Treasury… Read More »

South Korean Finance Watchdog Has

By | November 24, 2017

The governor of a South Korean financial regulator has said it has “no plans” to supervise bitcoin trading, according to a report. In remarks made to reporters today, Choe Heung-sik, chief of the Financial Supervisory Service (FSS), said that, since his agency does not view cryptocurrencies as “legitimate currency,” the FSS does not intend to… Read More »

Thanksgiving Lull? Bitcoin Trades Sideways But Rally May Continue

By | November 24, 2017

Bitcoin is continuing its sideways journey today. A move to fresh all-time highs above $8,300 earlier this week has been followed by consolidation in the range of $8,000-$8,300. At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is at $8,161 levels. According to CoinMarketCap data, the world’s largest cryptocurrency by market capitalization has depreciated by 1 percent… Read More »

Dnata Taps IBM for Air Cargo Blockchain Pilot

By | November 24, 2017

Dnata, provider of air and travel services in the Middle East, has announced the completion of a proof-of-concept examining blockchain’s potential in the Dubai air cargo industry. The pilot saw participation project partners IBM, Emirates Innovation Lab and Flydubai Cargo, and looked at blockchain’s potential to address issues across various aspects of airfreight, including security and operations,… Read More »

Government of Bermuda Launches Cryptocurrency Task Force

By | November 24, 2017

The government of Bermuda has launched a blockchain task force to foster cryptocurrency commerce in the British overseas territory. Announced by by the island’s premier, David Burt, and national security minister, Wayne Caines, during a press conference on Wednesday, the new working group has been set up to advance Bermuda’s regulatory environment for tokens, “tokenised securities,” cryptocurrencies and initial coin… Read More »

Swiss Central Banker: Bitcoin Is

By | November 24, 2017

The chairman of the Swiss National Bank (SNB) spoke out on cryptocurrencies yesterday. Speaking at an event in Basel, Thomas Jordan, who also chairs the international Central Bank Counterfeit Deterrence Group, said that central banks are eyeing the issues of cryptocurrencies “very intensively,” adding, “I would look at them more as an investment than a currency.” According to… Read More »

$413: Ether Prices Within a Whisker of All-Time High

By | November 23, 2017

The price of ether, ethereum’s native token, is closing in on record highs above $400. Soon before press time, the world’s second largest cryptocurrency by market capitalization had hit $413 – a whisker short of ether’s all-time high of just over $414 set in mid-June. As per CoinMarketCap, the ether-U.S. dollar (ETH/USD) exchange rate has… Read More »

Air New Zealand, Winding Tree Team Up for Blockchain Exploration

By | November 23, 2017

Air New Zealand has announced a new partnership with decentralized travel platform Winding Tree to explore applications of blockchain technology in the airline’s business. The arrangement will investigate whether the tech can enable New Zealand’s flag carrier airline to improve the security and efficiency of services that include baggage tracking and ticket booking, a Reuters… Read More »