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Beijing Plans to Foster DLT Unicorns Through New Blockchain Investment Plan

The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national hub for blockchain tech.According to an announcement published on July 1, the plan seeks to “promote theoretical innovation, technological breakthroughs, talent cultivation,” and “create new economic growth.”The government will provide continued financial support for the plan throughout its course.Beijing wants to host...

Bitcoin’s ROI Since 2015 Outperforms Five Major Indices by 70X

Bitcoin had a nearly 3,500% return on investment since 2015, 70 times that of five traditional stock markets.According to a June 29 article at investor website Buy Shares, data analyst Justinas Baltrusaitis says from June 26, 2015 to June 26, 2020, the return on investment (ROI) for Bitcoin was more than 70 times higher when compared to the Financial Times Stock Exchange 100, NASDAQ, Nikkei, S&P 500, and Dow Jones markets. “During the period...

Compound’s COMP Token Takes DeFi by Storm, Now Has to Hold Top Spot

When Compound launched its governance token, COMP, on June 16, few in the crypto space could have predicted how rapidly it would rise to the top. As Cointelegraph reported at the time, it only took a single day of trading for COMP to become the leader of the decentralized finance rankings. It was a historic moment for any fans of DeFi, marking the first time that Maker (MKR) had been toppled from its...

BitMEX Launching Services for Corporate Customers

Hong Kong-based cryptocurrency derivatives exchange BitMEX is launching a new program with benefits for its corporate clients including enhanced security service, and accounting.According to a June 22 announcement on BitMEX’s support page, the exchange is launching a new program for corporate customers, BitMEX Corporate. Accounts on the crypto exchange that are not owned and operated by an individual can now ensure their BitMEX holdings are the legal property of a corporation.BitMEX said the...

Derivatives Traders May Have Manipulated COMP Rally

A number of analysts have suggested the meteoric price performance of the Compound Governance Token (COMP) may have been orchestrated using derivatives.After initially changing hands for approximately $80 each upon its June 18 listing on Poloniex, COMP quickly rallied 500% to post highs above $380 June 21 as news of a Coinbase listing appeared to entice buyers.COMP/USDT on Poloniex, 1hr chart: TradingViewSince the high, COMP has shed 34% of its value and is...

JPMorgan’s Blockchain Offshoot Kadena Gets First Ever Token Listing

Bittrex Global, one of the world’s most popular platforms for trading cryptocurrencies, is about to become the first crypto exchange to list a token by JPMorgan’s blockchain spin-off Kadena.Kadena token (KDA), is finally getting its first official listing on June 25. While token deposits on KDA wallets on Bittrex are available immediately, the trading is set to open on June 26 at 10:00 a.m. EST.At the initial launch, KDA will be trading against...

Casa Releases Self-Custody Bitcoin Wallet Focused on Privacy

New York-based crypto custody startup Casa has released a new wallet for Bitcoin newbies and long-term HODLers.  In a Casa blog post on June 13, the crypto firm that provides a private key management service announced it had created Casa Wallet after an investment from venture capital fund Mantis VC. A software wallet designed around privacy, Casa Wallet allows users to not provide any personal information apart from a first name and email. In addition,...

Turkish Real Estate Firm Antalya Homes Now Supports Bitcoin Payments

Turkish real estate firm Antalya Homes announced that its customers can now pay for properties listed on its platform with Bitcoin (BTC).According to a June 15 announcement, Antalya Homes claims to have recorded the highest-valued real estate sale ever made while using Bitcoin as a payment in Turkey.Per the company, the coronavirus pandemic forced the real estate industry to innovate. More precisely, Antalya Homes reacted by offering virtual home tours and adding support...

Options Trading Is a Huge Step for the Crypto Derivatives Market

For those of us involved in the cryptocurrency space, we've gotten used to the fast-paced nature of this rapidly growing industry. New technology quickly becomes old, bright shiny projects lose their luster, and what started out as a few privacy advocates sending “magic internet money” to one another has mushroomed into a whole new asset class with a robust infrastructure established around it. Every new product, application or financial instrument that we add...

Investor Claims There’s No Way to Cash Out From Grayscale’s Bitcoin Trust

Qiao Wang — Investor, analyst and head of product at crypto market data firm Messari — raised major criticism about the way in which the Grayscale Bitcoin Trust, or GBTC, is set up.In a June 11 tweet, Wang cites Grayscale’s official website, according to which “Grayscale Bitcoin Trust does not currently operate a redemption program and may halt creations from time to time.” He suggested that the absence of a redemption mechanism can...
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