North Korea Expected to Launch Its Own Cryptocurrency Similar to Bitcoin

North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system. North Korea to Introduce Own Crypto A representative of the regime has indicated that the planned cryptocurrency will be the same as the other cryptocurrencies. Alejandro Cao de Benos, the head of the country’s crypto conferences, said that they are currently evaluating products that will offer the digital currency value. For now, the…

3 Reasons Why Bakkt’s September Launch Is Bullish for Bitcoin

Bakkt is a platform for institutional investors and anyone else to buy bitcoin through its legally compliant system. | Source: Shutterstock By CCN Markets: Most cryptocurrency enthusiasts have been waiting for the launch of bitcoin futures trading platform Bakkt. Recently, the crypto community rejoiced as the ICE-operated company announced the official launch date of Sept. 23. Within 48 hours after the big reveal, bitcoin surged by 10 percent. Many investors know that the entry of Bakkt in the cryptocurrency space is bullish for the long-term health of bitcoin. However, very…

CFTC: LedgerX ‘Not Approved’ to Launch ‘Physical’ Bitcoin Futures

UPDATE 13:40 UTC: In a statement received by CoinDesk Thursday, the U.S. Commodity Futures Trading Commission (CFTC) says LedgerX has “not yet been approved by the Commission” to offer physically settled bitcoin futures, contradicting the company’s claims. Since the CFTC’s statement, LedgerX officials have acknowledged that the previously announced futures did not launch. More details can be found here. The Takeaway Bitcoin derivatives provider LedgerX announced it has launched the first physically-settled bitcoin futures contracts in the U.S. Wednesday. The contracts, which pay traders out in bitcoin, rather than U.S. dollars,…

OpenBazaar Developers Launch a Crypto Marketplace for Mobile

OB1, the developers behind the online decentralized marketplace and currency trading platform OpenBazaar announced a mobile counterpart called Haven. Haven allows users to buy and sell goods and services directly with each other, using cryptocurrencies, without relying on middlemen who take a cut of merchants’ transactions or gather shoppers’ data. The app is organized into four sections: shopping, social, chat, and a non-custodial multi-wallet. For all features of the peer-to-peer network, user information is stored locally and protected with end-to-end encryption, meaning only the parties involved in the sale or…

Facebook Libra Might Never Launch, Company Concedes in SEC Disclosure

Facebook has acknowledged what many have been saying – that regulatory issues may be an insurmountable barrier to the launch of its Libra global cryptocurrency project. In a frank disclosure in the firm’s latest quarterly report to the U.S. Securities and Exchange Commission (SEC), the firm said that the many barriers it will face regarding regulating a new technology with unclear rules in the U.S. and other nations of the world, mean “there can be no assurance that Libra or our associated products and services will be made available in…

No, TD Ameritrade Did Not Just Launch Bitcoin Futures Support

Bitcoin Futures are Here and Have Been For a While Sorry to break it to you, TD Ameritrade didn’t just launch support for Bitcoin (BTC) futures. Earlier today, Mati Greenspan of eToro released a tweet, during which he wrote that “Bitcoin trading in now available” via TD Ameritrade. Some took this as news that the American brokerage, which caters to many retail/mom & pop investors, had quietly launched support for some futures vehicle relating to the leading cryptocurrency. Bitcoin trading is now available @TDAmeritrade!!! Been waiting a while for this.…

Binance Eyes Launch of Crypto Exchange in South Korea

Binance, the world’s top exchange by trading volume, is considering launching a branch in South Korea, according to reports. Changpeng “CZ” Zhao confirmed the possibility to local news source Block In Press on Tuesday, saying (via translation) that the firm is “working with local partners, but we do not know the details.” However, according to a report by CoinDesk Korea, a business entity dubbed Binance LLC has been established in the country, with the director listed as Jiho Kang of BXB Inc., a firm offering a Korean won-backed stablecoin. A Binance representative reportedly told Block…

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…

Binance to Launch Bitcoin-Pegged Token on Its Own Blockchain

Binance will issue a number of tokens pegged to leading cryptocurrencies on Binance Chain to boost the number of trading options on its platform. The tokens are also likely to be extended to Binance DEX, the firm’s recently launched decentralized exchange, as they create the potential to in effect move cryptos from different blockchains onto its network. The company said in a blog post that it expects to release the first such token – one pegged to bitcoin and to be listed as BTCB – in the coming days. A trading…

Nash Prepares to Launch Beta Version of Decentralized Exchange

With a mission of “bringing distributed finance to everyone,” five open-source blockchain developers have come together to form a distributed finance platform using blockchain technology that allows for decentralized and non-custodial cryptocurrency trading. Established in 2017, founders Fabio Canesin, Fabian Wahle, Ethan Fast, Thomas Saunders, and Luciano Engel built Nash as an integrated financial services platform in which users could invest, trade, and make payments with digital assets. All five founders of Nash were also behind the City of Zion open-source community and continue to develop key infrastructure for the…