Industry News

NASDAQ Supported Full-Stack Cryptocurrency Ecosystem Will Be Live in H1 2019

The second largest stock exchange in the world, Nasdaq, announced the first full-stacked crypto-currency exchange, Bcause, with a press release that will be at the top of Nasdaq's market technology. The stock market is expected to start in the first half of 2019.

The change will use Nasdaq's twinning engine and monitoring and market surveillance technology through the Nasdaq Fiscal Framework.

The press release explains some of the services in Bcause:

With the start of trading and the initiation of official transactions, Bcause will be the only place to serve as a one-stop shop for all parts of the digital currency value chain: from the most advanced digital mining facility launched in February 2018, to the futures market for digital assets and trading transactions. transaction of derivative instruments awaiting legal approval.

The bulundu pending legal approval u set out in this bulletin states that Bcause has made an application to the United States Commodity Futures Trading Commission (CFTC), which, if approved, would allow it to issue a designated contract market and establish a derivative settlement organization.

The approach and protocol followed by two enterprises are carried out to create a safe market that minimizes harmful activities such as market manipulation.

Fred Grede, CEO of Bcause, hopes to serve both old and new investors, who are attracting attention with the expectations of the digital assets market:

We respect the Nasdaq brand and are honored to be able to use these robust, tried-and-tested platforms as the basis of our technology - tailored to our unique markets. I hope that our markets will attract a wide range of users, from the ones already familiar with the Nasdaq technology in the financial markets, to a new generation of investors who want to join the growing crypto-currency market.

Nasdaq has made several attempts in the cryptocurrency field, which recently listed the Bitcoin (BLX) and Ethereum (ELX) price indices on the stock exchange. Data are taken from market data company Brave New Coin. Rumors also float a Fluctuation (XRP) index because the RLX can be listed soon.

Similar to the way in which it presents its technology to Bcause, Nasdaq also works with many other cryptocratic foreign currency to offer its own market monitoring technology.

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

Blockchain News

Visa Launches Global Cross-Border Payment Network for Some Aspects of Blockchain

Visa, Blockchain'in Bazı Yönlerine Yönelik Global Sınır Ötesi Ağı Başlattı

Visa, the US payment giant, has launched a cross-border payment network derived from some aspects of Blockchain technology.

“Visa B2B Connect” The network is designed to facilitate international exchanges by global financial institutions, enabling direct interbank payments between businesses.

Visa's Global Cross-Border Payment Network

According to the report, the network already includes 30 trade channels worldwide to enable faster and cheaper cross-border payments and is expected to expand to 90 markets by the end of 2019.

Visa B2B Connect includes elements of the open source distributed accounting technology (DLT) Hyperledger, which was developed in part by a group led by the Linux Foundation. blockchain technology.

Kevin Phalen, managing director of Visa Business Solutions, reported in particular that some aspects of blockchain technology are used because of the ability to transfer more data on a payment than any existing payment system.

The network is a collaboration with e-payment operator Bottomline Technologies and fintech, FIS, as well as collaboration with the world-class IBM. It was reported that Visa initially worked with a cryptographic notebook systems manufacturer to improve the product.

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Source: Cointelegraph