Digital Currency and Blockchain Weekly Round-up – May 25th, 2018
May 25, 2018 11:36 am UTC| Digital Currency
US CFTC issues new guidance for cryptocurrency derivative products The U.S. Commodity Futures Trading Commissions (CFTC) Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) have jointly issued a...
Shenzhen taxation authority looks to blockchain to fight counterfeit invoices
May 25, 2018 11:18 am UTC| Digital Currency
The Shenzhen Municipal Office of the State Administration of Taxation is collaborating with internet giant Tencent Holdings to tap blockchain technology to prevent malpractice and forgery, Xinhua Net reported. Li Wei,...
MAS issues warning to eight crypto exchanges and halts one ICO drive
May 25, 2018 10:13 am UTC| Digital Currency
The Monetary Authority of Singapore (MAS) has issued a warning to eight domestic cryptocurrency exchanges not to facilitate trading in digital tokens that are securities or futures contracts without its...
FxWirePro: ETH/USD hovers around cloud top, bias bearish
May 25, 2018 10:00 am UTC| Digital Currency
ETH/USD dropped to 545 levels on Thursday before successfully closing above 600 levels. It is currently trading at 595 levels at the time of writing (Coinbase). On the upside, resistance is seen at 625 (50-DMA) and a...
De Beers’ blockchain-based diamond traceability project gets first retail partner
May 25, 2018 09:13 am UTC| Digital Currency
Diamond giant De Beers Group has announced that Signet Jewelers, the worlds largest retailer of diamond jewelery, is joining the pilot of blockchain-based traceability platform, Tracr. In late 2017, De Beers had...
Every capital to pioneer Australia’s retail crypto-asset hedge fund services
May 25, 2018 07:33 am UTC| Digital Currency Research & Analysis Insights & Views
Weve already seen a paradigm shift from Australian traditional banking to Fintech. Australian policymakers are predominantly focusing on the open banking system, she further added. The FinTech Australia is glorifying the...
FxWirePro: BTC/USD struggling to hold above trend line support at 7474, break below targets 7000
May 25, 2018 07:17 am UTC| Digital Currency
BTC/USD dropped to 7267 levels on Thursday before it closed at 7586 levels. It is currently trading at 7429 levels at the time of writing (Bitstamp). On the top side, the pair faces resistance at 7624 (1h 50-SMA) and a...
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