Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Oddz Protocol Token (ODDZ) under the pair USDT/ODDZ on Apr 19 at 1:00 p.m. UTC. Oddz Finance is the world’s first on-chain option trading platform built on the Binance Smart Chain, Polkadot, and Ethereum Blockchains with a built-in oracle solution. Its distinguishing features include instant trades, interoperable options trades, transparent premium discovery methods, and custom option trading techniques. The Oddz Protocol’s native token is ODDZ, which is designed to incentivize and promote the community’s active participation. The ODDZ tokens represent power for users and are central to the incentive structure and governance of the Oddz Protocol. The ODDZ token holders represent an integral part of the Oddz ecosystem. They vote on various proposals for the protocol’s growth. Moreover, the primary motive of ...

On Monday, the oracle provider API3 announced a ten-year partnership with the Open Bank Project in order to connect more than 400 banking APIs to blockchain smart contracts using API3’s Airnode. The collaboration between API3 and the Open Bank Project aims to bridge conventional banking with blockchains and Web 3.0 applications. API3 DAO Partners With the Open Banking Project Connecting Over 400 Banking APIs to Blockchain During the last few months, there’s been greater interest in oracle providers like Chainlink, Band Protocol, API3, and DIA. Recently, Bitcoin.com’s news reported on a number of oracle-based tokens gathering two-digit gains. Further, our newsdesk covered how Chainlink’s modular oracle for the Substrate framework aims to empower developers and decentralized finance (defi) applications with trusted off-chain information. On April 19, API3, the project that claims to provide “decentrally governed and quantifiably secure data feeds,” revealed a partnership with the...

Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs Can Coexist Morgan Stanley’s analysts, including chief economist Chetan Ahya, discussed the impact of central bank digital currencies (CBDCs) on bitcoin and other cryptocurrencies in a report published last week. They wrote: Cryptocurrencies will still exist, as they continue to serve other use cases … For instance, some cryptocurrencies can function as a store of value … as some segments of the public do not place their full faith in fiat currencies. The analysts explained that the uses and appeals of central bank digital currencies and cryptocurrencies are different. They added that cryptocurrencies can be both a store of value, similar to gold, and a speculative asset. A growing nu...

The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.” Fed Bank Chief Calls Bitcoin a Store of Value The president of the Federal Reserve Bank of Dallas, Robert Kaplan, talked about bitcoin and central bank digital currencies (CBDCs) Friday at the Texas A&M Bitcoin Conference 2021 hosted by Mays Business School. Firstly, Kaplan explained that he would distinguish between bitcoin and central bank digital currencies. “I would differentiate between a cryptocurrency, like bitcoin, and the discussions that are being had about digital currency,” such as the digital yuan experiment in China, he described. He proceeded to explain that the challenge on bitcoin is “how widely it will be adopted.” The Federal Reserve Bank of Dallas chief elaborated: Right now, it’s clear it’s a store of val...

After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC). Central Bank Clarifies Its Regulatory Framework on Cryptos Will Remain Unchanged During a panel hosted by CNBC at the Boao Forum for Asia, Li Bo is now naming bitcoin ( BTC ) with the “investment alternative” term for the first time since the crackdown. However, he made some clarifications on the meaning of his stance towards cryptocurrencies: We regard Bitcoin and stablecoin as crypto-assets. These are investment alternatives. They are not a currency per se. And so, the main role we see for crypto assets going forward, the main role is investment alternative. Such a statement implies an unprecedented change in Beijing’s tone on cryptos, even with experts quoted by CNBC considering these comments as “progres...

In April, Smartlands will launch an alternative investment platform for buying and selling tokenized shares of real-world assets. The platform, built on the Stellar open-source network, will first focus on issuing security tokens that represent a suite of high-yield real estate listings based in Ukraine. Smartlands’ New Platform Is Revolutionizing the Real Economy in Eastern Europe How could blockchain technology revolutionize the real economy? One of the most exciting answers lies in unlocking liquidity. Consider this: The estimated value of tokenizable real estate worldwide is more than $270 trillion , while other real-world assets — like businesses, debt and agricultural holdings — put the total much higher. But the legacy financial system poses problems. Due to regulatory and technological barriers, it’s been difficult for owners of real assets to take advantage of their free equity for other opportunities. Meanwhile, the majority of investors have missed out on the benefits...

As the launch date for parachains nears, a new initiative is constructing a decentralized finance (defi) index token that tracks Polkadot projects aimed at helping investors diversify their holdings through a single instrument. Six Projects Provide Soft Commitments to Join Polkadot Index Network Token The growing interest in Polkadot and its novel parachains has seen the blockchain’s native token become the source of frenzied speculation over the last few months, joining the list of the top ten cryptocurrencies by market capitalization . Now, with approaching parachain launches for several projects, two organizations are taking steps to help improve access to the ecosystem’s opportunities through the Polkadot Index Network Token (PINT). Chainsafe , a protocol and infrastructure development firm, is collaborating with Stateless Money , a staking service provider, to bring this new index fund and accompanying token to fruition. The PINT token will be governed by a seven-member exp...

Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore a potential UK CBDC. UK Entities Invoke a CBDC Taskforce to Explore a Central Bank-Issued Digital Currency Central bank digital currencies (CBDCs) have been popping up throughout a number of countries and most are still in the exploration phase. A few countries like Venezuela, Sweden, and China are ahead of the game by a longshot in comparison to countries like the U.S., Canada, and the United Kingdom. On Monday, the HM Treasury and the Bank of England (BoE) published an announcement indicating that it plans to join the CBDC race. The two UK entities have established a CBDC taskforce as the Exchequer says the group will be dedicated to “the exploration of a potential UK CBDC.” The press release wants the public to know that bureaucrats and the BoE have “not yet made a decision on wheth...

After bitcoin and a myriad of other crypto-assets tumbled in value on Sunday a number of significant whale movements took place. During the morning trading sessions on Sunday (EST), an old school miner transferred three decade-old coinbase rewards with 150 bitcoin worth more than $8.5 million. Later on in the evening, just before the transition into Sunday, two major whale transactions stemming from Binance resulted in three new massive wallets. One wallet contains 58k in bitcoin worth more than $3.3 billion using today’s exchange rates. Over $4 Billion in Bitcoin Moved Yesterday Yesterday on April 18, 2021, Bitcoin.com News alongside the help of Btcparser.com and team members from the Telegram channel Goldfoundinsh*t caught a number of interesting onchain transactions pop up on our radar. This was five days after Goldfoundinsh*t and Bitcoin.com News researchers discovered more than 12k in BTC from the 2016 Bitfinex hack that got transferred to a number of unknown wallets. That d...

Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions. The exchange, which claims to have added nearly a million new South African customers in 2020, also reveals that “around 65% of Luno’s users are male and about 35% female.” These figures compare favourably with the industry average of 70% male to 30% female. Rising Retail Demand In addition to achieving a 300% year-on-year growth, Luno reports seeing the number of active users surging by 167% during the same period while “the number of app installs increased 119%.” Meanwhile, a report quotes Marcus Swanepoel, CEO and cofounder of Luno attributing the increase in transactions volumes to rising retail demand for cryptos. Swanepoel explained: While a lot of the attention has been around institutional adoption, retail adoption has been growing at an arguably even more frantic ...

Over the past 13 years, the world has seen innovation at its finest. The creation of Bitcoin, the development of cryptocurrencies, the launch of blockchain projects, Decentralized Applications (Dapps), and far more. To gauge the financial evolution of blockchain one need only consider the price of Bitcoin in 2013 and compare it to today. In 2013, a single Bitcoin was worth $22. Today, Bitcoin is comfortably over $60,000, with analysts suggesting $100,000 is in sight. With the steady expansion of blockchain technology, the Blockchain as a Service (BaaS) revolution has begun. PARSIQ strives to pioneer the use cases of this BaaS revolution. PARSIQ: An Overview PARSIQ promotes BaaS through its next-gen monitoring and intelligence platform. Users can observe and utilize blockchain data for a number of use cases. These include: Tracking digital assets in real-time Notifications of Blockchain network activity Gathering and processing on-chain data Combining on-chain with off-chain da...

French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications. Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into Its Ecosystem In its latest milestone in the blockchain arena, French multinational bank Société Générale has issued its very first structured product security token. The token, which represents €5 million of Euro Medium Term Notes (EMTN), represents the first move by the bank to tokenize assets. The insurance arm of the bank, Société Générale Assurances, fully subscribed to the security token offerings. This latest development follows other work the bank has already undertaken through its regulated subsidiary Société Générale – Forge. Since it first tokenized a €100 million covered bond settled in Euros in 2019 on the Ethereum blockchain, the bank has also handled another covered bond worth €40 million for settlement in the Ba...