New BitGo Partnership Lets Clients Trade Crypto Directly From Cold Storage

American crypto wallet and custodial firm BitGo has teamed up with Genesis Global Trading, a digital asset trading firm, to improve the crypto trading experience for its institutional investors. Investors who use BitGo’s custody service can now trade their assets directly from their BitGo custody account, without the need to move the assets to an exchange. “Institutional investors want to put their assets to work and they want security,” Mike Belshe, BitGo’s CEO, told Bitcoin Magazine. “Until now, they’ve had to make compromises on one front or the other, choosing…

Why Ford Believes Blockchain Can Help Fight Child Labor

Ford has partnered with IBM to use blockchain to fight child labor in the cobalt mining industry. | Source: Shutterstock Automotive giant Ford has entered a partnership with IBM, Huayou Cobalt, and LG Chem to build a blockchain platform to monitor the supply of cobalt from the Democratic Republic of Congo as part of an attempt to ensure that child labor does not make up any part of its supply chain. Ford & IBM Partner to Monitor Cobalt Mines Announced on Wednesday, the project, which will be managed by the…

XRP and xRapid Success Disprove Critics

Ripple price steady and bullish Brad Garlinghouse’s pride, xRapid gaining traction Transaction volumes thin as XRP consolidates inside Jan 14 high low Prices may be all over the place and consolidating inside Jan 14 bull bar but our last XRP/USD price analysis remain the same. As long as XRP prices trend above 30 cents, bulls have a chance to rally—thanks to increasing adoption of xRapid. Ripple Price Analysis Fundamentals Sometimes back, news had it that Ripple may be in advanced stages preparing to roll out a product called Convergence. By…

2019 a Year of Accumulation For Bitcoin, Recovery by Year’s End

Bitcoin could see a recovery by the end of 2019. | Source: Shutterstock In the past 24 hours, the crypto market has recovered from $120 to $123 billion as the Bitcoin price avoided a further drop below the $3,600 mark. The bitcoin price avoided a further drop below $3,600. Ethereum has also been able to rebound relatively quickly from the delay of the Constantinople hard fork, which initially caused a 10 percent drop from $130 to $116. Slow Grind Up For Bitcoin Expected in 2019 Due to the intensity of…

HSBC Completed $250 Billion in Blockchain-Processed Transactions in 2018

HSBC. Image Shutterstock. According to a press release quoted by the Financial Times on Monday, HSBC, one of the largest banking institutions in the world by total assets, reported $250 billion in settled transactions in 2018, using the blockchain technology. The press release revealed that during the last calendar year, HSBC settled over 3 million blockchain-based foreign exchange transactions. Performed through its blockchain platform, “FX Everywhere,” the bank says it has processed 150,000 payments since the platform launched in February 2018. HSBC completed its first blockchain trade finance transaction in May…

Binance Targets EU, UK Traders With New Fiat-to-Crypto Exchange

Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has launched a new fiat-to-crypto exchange on the island of Jersey, a British self-governing dependency. Through the new exchange, which is targeting traders in Europe and the U.K, users will be able to trade bitcoin and ethereum against the British pound and the euro, the firm said Wednesday. “Binance selected Jersey for its highly developed digital infrastructure, robust regulatory framework, and world-class financial services sector,” the exchange’s chief financial officer, Wei Zhou, told CoinDesk. He further clarified that Binance Jersey…

Game of Coins: Inside the Paxos-Gemini Stablecoin Discount War

The rise of new stablecoins was a defining story in the second half of 2018, but the reality is that exclusive discounts partly fueled their growth. Dollar-backed stablecoins are generally supposed to be worth $1, whether it’s Gemini’s GUSD or Paxos’ PAX. But according to four sources with knowledge of these cryptocurrency exchanges, both stablecoin-issuers privately offered over-the-counter (OTC) trading desks up to a 1 percent discount if traders used these tokens in some fashion before redeeming them for USD. “They were offering that as a sweetener for getting it kick-started…