This UK Financial Regulator Has a Problem with Facebook’s Libra Coin

Most individuals in the crypto space have been following the journey of the Libra coin, Facebook’s recently unveiled cryptocurrency. From month-long rumors to the company unveiling it last month to Binance reportedly entering discussions with Facebook over it, the public has long known about Libra coin. And today, July 2, there is even more news about it. But it’s not good. More News About the Libra Coin On Tuesday, July 2, The Guardian reported that Christoper Woolard has warned against the Libra coin. Woolard, who is a senior financial regulator…

Longenesis Brings South Korean Medical Records to the Blockchain

Longenesis, a has Riga, Latvia-based but Hong Kong-incorporated company, is bringing medical records to the blockchain in South Korea using Bitfury’s Exonum platform. Longenesis, which was formed in late 2017, provides a suite of modular blockchain solutions for medical providers, supplying everything from user interfaces for patient interaction to medical recordkeeping. But its main focus has become medical-consent technologies. With its platform, every step of the process is linked, verifiable and auditable. The patient agrees to specified care or participation in a study or a trial. They can withdraw that…

Bitcoin Surge is Legitimate, Tether is Transparent Reflection of Crypto Exchanges

The price of bitcoin closed the second quarter of 2019 at a profit of approx 189 percent. Many claimed that it was Facebook’s Libra announcement that injected a fresh wave of optimism in the bitcoin market. Others believed that the ongoing US-China trade war and its impact on the macroeconomic sentiment influenced investors to consider bitcoin as “safe-haven.” Nevertheless, there is also the third theory, which is not as picturesque as the two stated above. Decrypt reported that almost $1 billion of new Tether (USDT), a controversial stablecoin, entered the cryptocurrency…

Former Ripple Exec to Lead Binance’s US Expansion as New Exchange CEO

The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO. BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America. Prior to joining the firm, Coley was the head of  XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement. Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley…

Bitcoin Price Sharp Drops 30% from 2019 High to Land Near $9,700

Since June 23, within a two-week span, the bitcoin price fell from $13,868 to $9,711, demonstrating a sharp correction of nearly 30 percent. The “Real 10” volume of bitcoin, which refers to the total verifiable volume of the dominant crypto asset taken from ten exchanges verified to have real volume above $1 million by Bitwise Asset Management, remains above $2.9 billion, a high figure compared to March. In March, the Real 10 volume was hovering at $300 million with the majority coming from the CME bitcoin futures market and Binance.…

Binance to Launch Bitcoin Futures as LedgerX, ErisX Snag CFTC Licenses

Binance to Launch Futures In a recent keynote, Binance chief executive Changpeng “CZ” Zhao unveiled a surprising tidbit of news. Speaking to the crowd at the Asia Blockchain Summit in Taipei, which is soon expected to see a monumental debate between BitMEX’s Arthur Hayes and staunch Bitcoin critic Nouriel Roubini, the exchange head revealed that his firm would soon be launching cryptocurrency futures. A slide from Zhao’s keynote can be seen below. The slide shows a preliminary version of the trading platform, which may purportedly allow for up to 20…