In other news, it is yet to be determined what initial and variation margin the CME/CBOE will demand for bitcoin trades. * * *. So what does the start of bitcoin futures trading mean? Here is one explanation as posted last night from DataTrek's Nicholas Colas: What will the entrance of futures exchanges ... Source: http://bitnewz.net/news/article/bBitcoinb-Soars-After-CFTC-Approves-Futures-Trading
CBOE Receives CFTC Approval to List Bitcoin Futures
Security is a crucial component of online gaming. Online casinos handle thousands of monetary transactions daily, and all their customers' payment information and personal details are stored on their servers, which make them a prime target for cybercriminals. Hackers and digital thieves are continually looking for ways to steal sensitive data and credit card information – and online casinos use security software to guarantee the safety of all their customers. Disclosure: This is a Sponsored Article Security Mechanisms for Internet Casinos There are various methods which online casinos use to ensure their sites are safe and secure, here are some Source: http://bitnewz.net/news/article/Heres-How-to-Secure-Online-Casinos
As Bitcoin Prices Soar, Cryptocurrency 'Unicorn' Coinbase Levels Up With a New Hire
"The Wall Street crowd and traditional old guard in the financial world are jumping in as well." Indeed, several exchanges, including Chicago's CME Group, have announced plans to offer Bitcoin futures contracts. Other companies, like Square (sq, -4.03%), are riding the Bitcoin buzz by letting people buy ... Source: http://bitnewz.net/news/article/As-bBitcoinb-Prices-Soar-Cryptocurrency-39Unicorn39-Coinbase-Levels-Up-With-a-New-Hire
Chinese Regulators May Scrutinize OTC Bitcoin Trading Next
Things have been very quiet on the Chinese front in regards to Bitcoin regulation these past few weeks. More specifically, ever since the country halted all CNY trading, no news has been made public. It now appears the Chinese government may punish OTC trading platforms after all. It seems there will be some major repercussions for all companies facilitating P2P trading between cryptocurrencies and the Chinese yuan. China Rears its Head Once Again If China Central Television is to be believed, the future of cryptocurrency in China may look bleaker than ever before. While no exchange is allowed to conduct Source: http://bitnewz.net/news/article/Chinese-Regulators-May-Scrutinize-OTC-Bitcoin-Trading-Next
Bitcoin Futures Are About To Be a Thing and It's Sending Prices Soaring
Bitcoin prices soared as high as $10,700 Friday after the main U.S. currency trading watchdog handed the Chicago Mercantile Exchange and Chicago Board Options Exchange a tentative go-ahead to offer bitcoin futures. Following the news, the CME said it would begin offering bitcoin futures on Dec. Source: http://bitnewz.net/news/article/bBitcoinb-Futures-Are-About-To-Be-a-Thing-and-It39s-Sending-Prices-Soaring
Bitcoin Price Rallies to $10,760 After CME Futures Get Launch Date
Multibot - Decreasing Labour Time for Cryptocurrency Traders
The increasing popularity of digital currencies has encouraged people throughout the world to begin trading. High market volatility associated with most high-cap cryptocurrencies provides traders with the chance of earning high-profits, but also with the risk of losing a substantial amount of the investment. Disclosure: This is a Sponsored Article Because of this, traders often have to invest numerous hours of their days in monitoring the markets, in order to observe price trends, and hence decide when it's best to buy or sell. This aspect puts a lot of strain on casual traders, and the amount of labour required can Source: http://bitnewz.net/news/article/Multibot--Decreasing-Labour-Time-for-Cryptocurrency-Traders
US regulator approves Bitcoin trading
Bitcoin has taken another step toward the financial mainstream, after a US regulator said it would let two traditional exchanges begin trading in Bitcoin-related financial contracts. CME Group and CBOE Global Markets exchanges will offer investors Bitcoin futures from later this month. The move sent the ... Source: http://bitnewz.net/news/article/US-regulator-approves-bBitcoinb-trading
ixo Foundation: A Blockchain-Based Response to U.N. Call for a Data Revolution
Every year, over one trillion dollars is spent on impact projects supporting the United Nation's 17 Sustainable Development Goals (SGDs), which aim to end poverty, protect the planet and ensure prosperity for all by 2030. Unfortunately, organizations lack the data they need in order to make informed decisions on what and how they can improve.
That is until now.
The ixo Foundation, an open source software development foundation, is aiming to optimize impact by combining data with trust to ensure transparency, accountability and security. To achieve this, it's harnessing blockchain technology and Web 3.0 standards to create the ixo Protocol. It is through this that the foundation will be able to collect and verify high quality data about sustainable development.
Speaking to Bitcoin Magazine, Anne Connelly, network lead at ixo Foundation, said that organizations can build applications via the ixo Protocol, thereby enabling service providers to create an impact claim about the work they have achieved that relates to the SDGs.
Connelly used the example of projects that claim to have taught 100 children or planted 10,000 trees.
"The claim is then verified by an evaluator or a data source," she added. "This verified impact claim is proof of impact. This proof enables increased access to social impact bonds, government subsidies and other types of impact funding."
By validating the work that has been achieved, it reduces fraud, costs and corruption while giving the service provider and the funder valuable insight and proof of the work achieved. The data then becomes part of a global impact ledger, an open data commons that can be accessed by anyone, enabling governments, researchers, funders and organizations to make more informed decisions about their work and how to optimize their impact, said Connelly.
"[The] blockchain is a critical technology for changing the way we approach sustainable development," she said, adding that the protocol would not be possible without it. "The ixo Protocol leverages public, public permissioned and private layers to ensure maximum functionality using blockchain technology while maintaining data privacy."
Since November 2016, the ixo Foundation has been working with two of its founding partners, Unicef and Innovation Edge, on an application called Amply that supports early childhood development. Connelly explained that, in South Africa, many parents can't afford to send their children to preschool, a critical time in a child's development. In order to rectify this, the South African government has a subsidy programme to support over 800,000 children to attend preschool.
"However, in order for teachers to access these subsidies they must track attendance through an antiquated paper-based system and have the papers checked at a government office every quarter," said Connelly.
Through the Amply project, which has now been through over a year of field testing, a basic mobile application was built using the ixo Protocol to enable teachers to track attendance digitally. With each positive attendance record, an impact claim is made, delivering greater access to government subsidies, which, in turn, means more underprivileged children being taught at school.
"To date, Amply is being used in over 72 schools across the country and has recorded more than 45,000 attendances," said Connelly. "Through these trials, we have found that the digitized system has saved more than 4,000 hours every month."
Access to a decentralized global ledger of data will answer the UN's called for a data revolution for sustainable development. According to a press release from the UN, in 2015, UN Secretary-General Ban Ki-moon, said "good data and statistics are indispensable for informed decision-making by all actors in society."
"By tackling an issue that is at the foundation of every organization's ability to succeed - high quality data - we're enabling every funder, government and service provider to optimize their impact and achieve the UN's SGDs by 2030," stated Connelly.
On October 27, 2017, ixo Foundation announced that it had partnered with Singularity University's SU Ventures and ConsenSys' Blockchain for Social Impact Coalition (BSIC), both of which give it greater access to important resources.
Mexico’s FinTech Law Regulating Bitcoin Awaits Senate Approval
Mexico may become the next major frontier for cryptocurrency. Like most other countries around the world, the Mexican government is looking to regulate Bitcoin. So far, that process has proven to be far more complicated than assumed. However, a new framework will need to be put in place, especially for companies storing and transmitting cryptocurrencies on behalf of their clients. Mexico Ponders the Fintech Law In a way, it is anything but surprising to learn the Mexican government wants to regulate Bitcoin companies. More specifically, anyone who stores or transmits cryptocurrencies on behalf of their clients will be scrutinized by the country’s central bank. Source: http://bitnewz.net/news/article/Mexicos-FinTech-Law-Regulating-Bitcoin-Awaits-Senate-Approval
Paying Rent With Crypto? App for Tenants Adds BTC, LTC, ETH
Digital rent processor ManageGo will instantly convert the digital currencies into dollars before sending it on to landlords. Source: http://bitnewz.net/news/article/Paying-Rent-With-Crypto-App-for-Tenants-Adds-BTC-LTC-ETH
El-Erian: Bitcoin isn't a 'fraud,' but it's not for long-term investors, either
Investors thinking about putting money into bitcoin need to separate the issue into two categories: the technology and the product, economist Mohamed El-Erian said Friday. The blockchain technology behind bitcoin is solid, he said. The product? Not so much, at least in terms of its prospects as an ... Source: http://bitnewz.net/news/article/El-Erian-bBitcoinb-isn39t-a-39fraud39-but-it39s-not-for-long-term-investors-either
Bitcoin Job Postings Are Surging on LinkedIn
Bitcoin-related job postings as a proportion of total listings on LinkedIn jumped more than ninefold in the financial services industry over the past three years and 4.6 times in the software technology industry, according to data from the career-oriented social network. While the number of listings within ... Source: http://bitnewz.net/news/article/bBitcoinb-Job-Postings-Are-Surging-on-LinkedIn
CFO Survey: More than a Quarter of Finance Leaders See Bitcoin As a Fraud
Bitcoin has seen its value increase to unprecedented heights this year, yet despite this U.S. finance leaders remain sceptical, with […]
Invest in Bitcoin 'At Your Own Risk,' Warns French Central Bank
The governor of the Bank of France has warned on the risks of investing in bitcoin, calling the cryptocurrency "speculative." Source: http://bitnewz.net/news/article/Invest-in-Bitcoin-At-Your-Own-Risk-Warns-French-Central-Bank
Coinbase Is Forced to Share Information With the IRS
It has been a while since we last heard anything regarding the ongoing Coinbase-IRS case. With a federal court having to determine whether or not this exchange needed to hand over customer information, an interesting precedent was set. It seems the exchange will have to hand over the information after all. This pertains to users who transacted over US$20,000 between 2013 and 2015. A total of 14,355 users will be affected by the decision. Coinbase Information Will Change Hands It is not entirely surprising to see Coinbase being forced to hand over customer information. The legal battle between the exchange and the IRS has been going on for quite Source: http://bitnewz.net/news/article/Coinbase-Is-Forced-to-Share-Information-With-the-IRS
