December 15, 2017 11:13 PM Citi and CME Group seek to reach a greater level of operational efficiency after integrating a blockchain-backed API that incorporates existing technology “rails.” On December 15, 2017, Citi and CME Group revealed the implementation of a blockchain-inspired platform to cut costs associated with back-office operations while simultaneously accelerating funding timeframes […]
On Friday, the CFTC proposed an interpretation for the term “actual delivery” set forth in the Commodity Exchange Act pursuant to the Dodd-Frank Act. The commission requested comment on its proposed interpretation and treatment of virtual currency transactions. On December 15, 2017, the Commodity Futures Trading Commission announced a proposed interpretation regarding its authority over […]
Ether finds itself in the spotlight of Bloomberg’s pricing tool, as a new addition alongside Litecoin and Ripple. On the evening of December 14, 2017, news began to spread that Bloomberg is listing additional cryptocurrencies – namely, Ether, Litecoin, and Ripple – on its professional terminal service used by financial experts. The Bloomberg Terminal is […]
ETH/USD Ethereum fell later in the day on Thursday, reaching down towards the $670 level. I think that the market looks likely to try and find support near the $650 level, and if it cannot find it there, we will see support at the $600 level. Be patient, and add to a position very slowly. […]
In a normal week, there is a ton of Ethereum news to sort through. We have to parse everything from shady ICOs to scaling roadmaps to new regulations. This week, however, was anything but normal. Only one story mattered: The launch of a Bitcoin futures contract. The Chicago Board Options Exchange (CBOE) was the first […]
Key Highlights ETH price made a nice upside move and traded above the $720 resistance against the US Dollar. There are two important bullish trend lines forming with support at $685 on the hourly chart of ETH/USD (data feed via SimpleFX). On the upside, a break above the $735 level would open the doors for […]
Danish authorities are researching cryptocurrencies as a way to improve humanitarian efforts. On December 12, 2017, a report titled Hack the Future of Development Aid was released by the Danish Ministry of Foreign Affairs with help from the Sustainia think tank and Danish blockchain and e-commerce firm, Coinify. The report highlighted some of the benefits […]
The consumer goods giant Unilever will take part in a trial involving blockchain-based tracking of products across supply chains. The pilot aims to quantify the sustainability of agricultural practices and reward farmers when appropriate. An upcoming pilot project will test a blockchain-based shared data system intended to connect a range of parties, including up to […]
December 14, 2017 4:24 PM Given the differing viewpoints of Turkish officials, to an onlooker it may be hard to tell whether authorities support or oppose implementing cryptocurrencies. While the meteoric rise of cryptocurrencies continues, Turkey’s Deputy Prime Minister Mehmet Simsek, formerly a strategist at Merrill Lynch in London, joins the ranks of naysayers, reportedly […]
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