The Digital Asset Review
AUGUST 28, 2019
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"This summer has been reminiscent of Game of Thrones (aka Game of Coins) where central banks, governments, and private companies are vying to be the next global reserve currency, all caught in the middle of the competing forces of Facebook's Libra and Bitcoin. Regulators are the White Walkers. The future of currency is at stake. The investment landscape is undergoing seismic shifts. Trade and currency wars persist.
With this backdrop, the U.S. Securities and Exchange Commission has issued a “concept release” that seeks input on how to improve its rules regarding the growing market for private offerings, which now exceed public offerings, and whether it should include more investors (i.e. unaccredited by definition).”
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"An announcement from the U.S. Justice Department last Friday said Kalra, who is expected to make his first court appearance next month, has agreed to plead guilty to the charges.
The release alleges Kalra ran an unlicensed crypto exchange business from May 2015 through October 2017. He admitted in his plea deal for having exchanged bitcoin for cash from criminals including drug dealers who obtained the cryptocurrency from selling narcotics on the darknet."
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"A report from Digital Asset Data illustrates that over the past three months, bitcoin has moved in tandem with gold and has swung inversely to moves in the stock market. That theory may explain why bitcoin (BTCUSD) was seeing a sizable slump Wednesday afternoon, with bitcoin futures trading on CME Group (BTCQ19) for example, down 6.1%, while the Dow Jones Industrial Average (DJIA) the S&P 500 (SPX) and the Nasdaq Composite indexes (COMP) were punching considerably higher. In statistical terms, correlation is defined as the tendency of assets to move in the same direction over a given period."
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"SmartDec, the development firm working with Digitex, is developing and vigorously testing the platform, preparing it for production. On the testnet, the firm says the exchange will be able to handle over 10,000 users trading concurrently and up to 50,000 transactions per second.
A date has not been set for the Digitex platform’s mainnet launch yet, but the project team has said that testnet trading is anticipated to last for two months. After the testnet stage wraps up, Digitex plans to launch on the Ethereum mainnet. At that time, users can trade futures contracts in real-time using DGTX tokens."
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"Founded in 2017, IOICM describes itself as a financial services and technology firm focusing on developing and implementing blockchain-based capital-raising platform. The company noted it is dedicated to building a regulatory compliant solution that brings 21st-century technology to new segments of capital markets. While sharing more details about the platform, IOICM CEO, Rashad Kurbanov, stated:"
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"A cryptocurrency exchange claiming to settle bitcoin futures contracts physically just landed $10 million in financing from Polychain Capital and Bitcoin.com chairman Roger Ver, among others.
The exchange, CoinFlex, launched in February of this year and says it is the first exchange to close futures contracts in bitcoin as opposed to a cash settlement. Speaking with the South China Morning Post, CoinFlex CEO Mark Lamb said the bitcoin futures market needs physical settlement due to price manipulation."
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"Anchor (ANCT), a two-token, algorithmic stablecoin pegged to the sustainable and predictable growth trend of the global economy, is now listed on Liquid and available for trading as of today, August 26, 2019.
As a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto, Liquid is a premier exchange for crypto assets, and the ideal launchpad for Anchor's international token rollout on exchanges. The value of ANCT paired against USD at the time of launch is approximately $0.79 USD, and is also available for trading pairs against BTC, ETH, and XRP."
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September 16 - 17, 2019
Chicago, IL
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September 26, 2019
New York, NY
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October 15 - 16, 2019
Los Angeles, CA
The summit brings together developers, entrepreneurs, startups, angel investors, venture capital investors, retail investors, family offices, real estate investors, startup entrepreneurs, issuers, exchanges, broker-dealers, service providers, and members of the media.
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