Bitcoin 

SEC Chairman Clayton Clarifies Bitcoin Isn’t Flexible Enough For Accommodate ICOs

SEC Chief Jay Clayton has placed many restrictive inquiries to that the SEC won’t be creating special allowances either for tokens likes Bitcoin, that represent the worth of a project or for the bulk of initial coin offerings (IOC), occurring to mention within the interview that the majority ICOs are selling securities. Clayton Mum on Whether Altcoins Are Currencies or Securities: Clayton said he would not support the redefining of securities to accommodate for the new technology and refused to comment on specific altcoins as they were or were not…

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Blockchain 

Tencent and Alibaba’s Insurance Giant Is Using Blockchain With 100 Hospitals

ZhongAn, a Chinese insurance giant that provides infrastructure to 10 local insurers, stated that it has recently partnered with more than 100 hospitals to utilise blockchain technology in securely processing patient data and financial information. Significance of the Deal The insurance and healthcare industries are extensively intertwined and dependent on each other. In most regions, healthcare service providers and hospitals are required to communicate with the insurance companies of each of their customers to ensure all patients receive fair and transparent insurance coverage. In countries like South Korea, every citizen…

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Bitcoin 

Bitcoin Price May Be ‘Fear Gauge’ for Stock Market: VIX Analyst

Like all digital assets, the bitcoin price is notoriously volatile, but a surprising pattern has emerged from that volatility which may have wider ramifications for the traditional finance markets as a whole. The CBOE Volatility Index, or VIX, is an established measure of volatility in the overall marketplace long-used by traders to give them an impression of investor fear in the market. VIX analyst and President of Equity Armor Investments Brian Stutland — better known as the “The Fear Merchant” — believes that the bitcoin price is actually predicting the…

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Cryptocurrency 

Cryptocurrency Market Loses $42 Billion in 3 Days as Tokens Struggle

The cryptocurrency market has dropped by more than $42 billion in the last three days, from $412 billion to $370 billion. The daily trading volume of the market also declined by around $3 billion, from $22 billion to $19 billion. Poor Conditions Earlier today, on May 18, the bitcoin price dipped below the $8,000 mark, entering the $7,000 region for the first time since mid-April. Traders that expected the Blockchain Week in New York and the Consensus 2018 event, the largest cryptocurrency conference in the world, to push the cryptocurrency…

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Bitcoin 

Bitcoin Price Too Volatile for Merchants, Claims PayPal CFO

The bitcoin price is too volatile to make it a useful payment tool for merchants, PayPal CFO John Rainey claimed in a recent interview. Rainey made this claim during a recent episode of “Mad Money,” explaining that merchant margins are too thin to make bitcoin a viable payment medium. You have a “10 percent margin on a product that you sell and you accept bitcoin, for example, and the very next day it moves 15 percent, you’re now underwater on that transaction,” he said. Admittedly, itcoin and cryptocurrency prices are…

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Bitcoin 

Derivatives Exchange LedgerX Launches CFTC-Regulated Bitcoin Savings Account

Cryptocurrency derivatives exchange LedgerX has launched the first bitcoin savings account regulated by the Commodity Futures Trading Commission (SEC). The new product, unveiled by the New York City-based firm on Tuesday, allows institutional investors to earn USD interest on their bitcoin holdings over three-month, six-month, and 12-month maturity periods, with target yields of up to 16 percent per annum. As Forbes explains, the product essentially mimics a call overwrite, a trading strategy through which an investor deposits bitcoin on the platform and then sells a call option at a longer…

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Blockchain 

Facebook Taps Coinbase Board Member to Lead Blockchain Initiative

David Marcus will be leaving his leadership role at Messenger to oversee a new Facebook team focused on blockchain technology, according to Recode. The team, which will reportedly have less than a few dozen employees, will include James Everingham, vice president of engineering at Instagram, and Kevin Weil, Instagram’s vice president of product. Stan Chudnovsky, who oversees product at Messenger, will assume Marcus’ former role. Marcus, former president of PayPal, brings payments expertise. He has also overseen major changes at Messenger, including the decision to separate Messenger from the core…

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