Thursday, December 19

Tag: bitcoin

Bitcoin Going Legit! CME to Launch Bitcoin Futures
1Nov By No Comments
BUSINESS

Bitcoin Going Legit! CME to Launch Bitcoin Futures

CME Group, the world's leading and most diverse derivatives marketplace, announced on Tuesday that it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods. The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. Bitcoin futures will be listed on and subject to the rules of CME. After this, more people will be able to start trading bitcoin and you can read this article to find out how you can do it yourself. "Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "As the world...
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Big Money Stays Away From Booming Bitcoin
23Oct By reutersNo Comments
ANALYSIS

Big Money Stays Away From Booming Bitcoin

Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion. Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. Bitcoin, the biggest and most well-known cryptocurrency, has outperformed all the world’s traditional currencies each year since 2011, except for 2014. But many investors still view it as an opaque, esoteric instrument used by gun-runners and drug-dealers on the Dark Web that should be avoided. This year, though, a flood of new hedge funds focused on cryptocurrencies has offered inst...
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Russian Central Bank to Ban Websites Offering Cryptocurrencies
10Oct By reutersNo Comments
News

Russian Central Bank to Ban Websites Offering Cryptocurrencies

Russia will block access to websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central Bank First Deputy Governor Sergei Shvetsov said on Tuesday. He called them “dubious”. Russian financial authorities initially treated any sort of money issued by non-state approved institutions as illegal, saying they could be used to launder money. Later the authorities accepted the globally booming market of crypto-currencies but want to either control the turnover or to limit access to the market “We cannot stand apart. We cannot give direct and easy access to such dubious instruments for retail (investors),” Shvetsov said, referring to households. Speaking at a conference on financial market derivatives, Shvetsov said the central bank sees rising interest in crypto...
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India’s Leading Bitcoin Company Unocoin Launched Mobile App on iOS and Android
6Dec By PriyankaNo Comments
News

India’s Leading Bitcoin Company Unocoin Launched Mobile App on iOS and Android

Unocoin, India’s leading Bitcoin company, has announced the launch of its new mobile app for both iOS and Android devices. Developed by Unocoin, the app will allow consumers to buy, sell, send, receive and store bitcoin all in one place, from any remote device. Unocoin becomes the first company in India to offer a full featured mobile bitcoin app, with 24/7 access to real-time bitcoin market prices and instantaneous trading transactions. The implementation is timely because bitcoin adoption is rapidly ascending in India, coupled by government’s decision to demonetize 500 and 1000 Rupee notes. The implementation of a mobile app aligns with Unocoin’s mission in enhancing mainstream adoption and help bring bitcoin into the hands of billions. Unocoin’s app is currently live and is exp...
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Satoshi Studios, South East Asia’s First Blockchain Incubator, Opens Applications for 1st Batch
1Dec By PriyankaNo Comments
Story

Satoshi Studios, South East Asia’s First Blockchain Incubator, Opens Applications for 1st Batch

South East Asia has got its first blockchain incubator and it's started by the team behind GBMiners.com (South East Asia's largest bitcoin mining pool), and backed/invested by Amit Bharadwaj. The incubator is very aptly named Satoshi Studios and is inviting applications from entrepreneurs working in the South East Asia region. The incubator has a 3-month intensive residence program in New Delhi, India, where the founders will spend time with the GBMiners team and other blockchain startups and receive 50K USD in funding for 8%-15% equity in the company. "Our vision is to build New Delhi (India) as the Blockchain Knowledge Hub of Southeast Asia," says Amit Bhardwaj. Speaking on the topic, Amit said, "South East Asia and bitcoin adoption will be a very symbiotic relationship. The region is...
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Bengaluru Based Bitcoin Startup Unocoin Raises $1.5 million From U.S., Indian Investors
30Sep By AnkitaNo Comments
FUNDING

Bengaluru Based Bitcoin Startup Unocoin Raises $1.5 million From U.S., Indian Investors

Bangalore-based bitcoin startup, Unocoin has raised $1.5 million in funding from a mix of Indian and U.S. investors, the company announced on Thursday. The company, which runs a trading platform to buy, sell, and store bitcoins for Indian customers, said the money raised was the largest for an Indian bitcoin startup. Unocoin, which has 100,000 users and more than 30 employees, has been in operation since December 2013. Unocoin describes itself as the Coinbase of India. San Francisco-based Coinbase is the largest U.S. bitcoin company and runs an exchange and a wallet service, among other businesses. Funding came from Indian entities such as Blume Ventures, Mumbai Angels and ah! Ventures along with U.S. investors such as Digital Currency Group, Boost VC, Bank to the Future, and Fund...
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Bitcoin Wallet Zebpay Crosses Rs 100 Cr Turnover
20Apr By AnkitaNo Comments
News

Bitcoin Wallet Zebpay Crosses Rs 100 Cr Turnover

Bitcoin wallet firm Zebpay today said it has crossed Rs 100 crore turnover within 10 months of operations as more Indians are going for the digital currency. "In only 10 months, the company has crossed Rs 100 crore turnover in April 2016," Zebpay said in a statement. Zebpay, a Bitcoin app, deals with Indian customers only and it has made PAN number a must for users for opening of wallet, company co-founder Sandeep Goenka said. Bitcoins are digital money and their value is determined o the basis of their demand and supply. The digital money is limited in numbers. Only 21 million Bitcoins can be generated globally and they can be traded even infractions, up to eight decimals. The last bitcoin will be generated in 2140 but 99 per cent would be already there by 2040. At present, the va...
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Ratan Tata And American Express Join Series A Funding Round Of Digital Currency Start-Up Abra
24Oct By AnkitaNo Comments
FUNDING

Ratan Tata And American Express Join Series A Funding Round Of Digital Currency Start-Up Abra

MOUNTAIN VIEW, CALIFORNIA – Abra, the company changing how people use cash and their smartphones to send and receive money around the world, announced that the Abra app will be available to all registered users in the US and Philippines in the coming weeks, with more countries to follow soon. The company also announced their entry into online, digital cash-based merchant payments.   In addition, Abra announced that Ratan Tata, the Chairman Emeritus of Tata Sons, and American Express have made strategic investments in Abra as part of the recently-announced Series A round. These are the first investments in the crypto currency world for both American Express and Ratan Tata. “As people and businesses transact more globally, there’s a need for more convenient and affordable w...
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