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LedgerX’s Bitcoin Derivatives Trading Is Up 7X Since Launch

Bitcoin trading platform LedgerX has seen a sevenfold increase in volume in the six months following its launch of cryptocurrency derivatives. Chief operating officer Juthica Chou told CoinDesk that the startup has seen roughly $7.5 million traded weekly through 700 swaps and options contracts. Since the platform launched its derivatives …

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New Ethereum Tech Calls on Slavic Gods for Security

The Slavic god of lightning, Perun, is entering the ethereum ecosystem (in spirit at least). Inspired by bitcoin’s lightning network, a group of researchers hailing from Warsaw have unveiled a new white paper entitled “Foundations of State Channel Networks,” which outlines a protocol designed to help ethereum scale to support …

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Ideas Abound for Business Blockchains, But Who’s Going to Pay?

After a seemingly unending period of blockchain R&D, major enterprises are eager to edge their technology toward production. At least that was the sentiment at Blockchain Expo Global on Tuesday, where attendees at the Olympia London venue assembled to hear from experts in supply chain tracking, energy, logistics, freight and …

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Korea Moves to Limit Crypto Mining Chip Imports

Cryptocurrency miners in South Korea may soon find it more difficult to get foreign-made mining chips imported to the country. According to data published by the Korean Customs Service (KCS) on Wednesday, cryptocurrency mining chips have been added to the current list of items that must meet certain legal requirement …

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Chip Maker TSMC Breaks Sales Record on Bitcoin Mining Boost

The Taiwan Semiconductor Manufacturing Company (TSMC) has reported strong financial results in the first quarter of 2018, figures driven by a growth in orders for cryptocurrency mining chips. During its shareholder conference call on Thursday, the world’s largest independent semiconductor maker said it generated 248 billion Taiwan new dollars (US$8.5 …

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UBS-Backed Blockchain Platform Completes Live Trade Transactions

Batavia, a blockchain-based trade finance platform founded by banking giant UBS in partnership with IBM, has conducted its first live cross-border transactions involving corporate clients. According to an announcement released Thursday, the pilot effort saw the platform carry out the full cycle of trades, automatically forming agreements and closing payments, …

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$8,300: Bitcoin Seeks Direction at Key Price Hurdle

Bitcoin (BTC) remains in bullish territory today, but a major break above the long-term descending trendline has been elusive. That failure on the part of the bulls means the cryptocurrency needs a major move above $8,300 soon to lessen the risks of another sell-off. The trendline resistance is around $8,285 …

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$6.3 Billion: 2018 ICO Funding Has Passed 2017’s Total

Initial coin offerings (ICOs) raised more money in the first three months of 2018 than the whole of 2017, according to data collected by CoinDesk. At $6.3 billion, ICO funding in the first quarter is now 118 percent of the total for 2017, a figure that might go a long …

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Enterprise Ethereum Alliance Pledges 2018 Blockchain Standards Release

The Enterprise Ethereum Alliance (EEA) intends to release a set of common blockchain standards for businesses in 2018, one of the consortium’s leading members said Thursday. Onstage at Blockchain Expo in London, Jeremy Millar, a founding board member of the 450-member group, which boasts Accenture, JP Morgan and UBS among …

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Major Investors Met with SEC to Discuss Crypto Exemption

Major crypto industry investors Andreessen Horowitz and Union Square Ventures reportedly held a private meeting with U.S. Securities and Exchange Commission (SEC) officials to discuss the exemption of blockchain-based tokens from the agency’s oversight. The Silicon Valley-based venture capital firms and their special counsel met with senior officials from the …

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Gem Unveils All-In-One Crypto Investment App

Blockchain startup Gem plans to launch a comprehensive platform that will allow users to track, store, trade and discover cryptocurrencies on one app. According to Gem – which has largely focused on enterprise products for companies like Toyota and CapitalOne since its 2013 inception – its all-in-one, user-friendly solution will …

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Insurance Giant Allianz Is Testing a Token to Move Money Internally

Insurance giant Allianz has been testing an internal token to move money around between its global affiliates without having to deal with currency conversions and other costs and inefficiencies. Development of the so-called “Allianz token” is being helped along by blockchain startup Adjoint, which created a proprietary blockchain for the …

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Walmart Wants to Store Payment Data On a Blockchain

A pair of newly published patent applications from retail giant Walmart hints at a plan to store payments data using blockchain tech. The two applications – published on Thursday by the U.S. Patent and Trademark Office (USPTO) – both reference using a blockchain-powered platform to secure the payment data, ensuring …

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IBM-Backed Blockchain Trial Takes Aim at Advertising’s Middlemen

Online advertising has long seemed a ripe target for blockchain transformation. Going back to the early days of bitcoin, technologists imagined that cryptocurrency tips would fund content creators so they wouldn’t have to rely on display ads to pay the bills. More recently, marketers have experimented with smart contracts on …

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Craig Wright Moves to Dismiss ‘Shakedown’ Bitcoin Lawsuit

Craig Wright, the chief scientist of blockchain startup nChain who once claimed to be bitcoin’s pseudonymous creator, has filed a motion in U.S. federal court to dismiss a billion-dollar lawsuit filed against him. As previously reported, Wright is being sued by Ira Kleiman, filed the lawsuit in February on behalf …

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Kraken CEO: Crypto Exchange Won’t Answer New York AG’s Inquiry

San Francisco-based cryptocurrency exchange Kraken isn’t planning to respond to the New York Attorney General’s newly-unveiled inquiry into the ecosystem. Kraken was one of 13 exchanges that received a letter from New York Attorney General Eric Schneiderman on Tuesday as part of his new inquiry into cryptocurrency exchanges, as previously …

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