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UK Regulator Considers Cryptocurrency Derivatives Ban Due to Market ‘Integrity Issues’

Bitcoin futures trading could “likely” be in jeopardy in the U.K. as the financial regulator mulls a ban on crypto derivatives. The U.K.’s finance regulator, the Financial Conduct Authority (FCA), may ban cryptocurrency derivatives such as futures as part of its “most comprehensive response” to the industry, financial trading news outlet Finance Magnates reported Nov. 20. In a speech at a London conference Tuesday, FCA executive director of strategy and competition Christopher Woolard said the organization would consult on forbidding so-called cryptocurrency contracts-for-difference (CFDs). This, says Finance Magnates, would “likely” also incorporate “options, futures and transferable securities.” The publication quoted Woolard as saying: “We’re concerned that retail consumers are being sold complex, volatile and often leveraged derivatives products based on exchange tokens with underlying market integrity issues.” The U.K. has found itself in a regulatory quandary over its slow respo..

Look Out For These Bitcoin SV Red Flags From Cryptocurrency Exchange,...

The Bitcoin Cash fork war has been ongoing for a while now. The Bitcoin Cash ABC team is clearly ahead of the Bitcoin Cash SV team. Even before the fork started, the Bitcoin Cash SV team has been aggressive towards the Bitcoin Cash ABC team. At one point, the team threatened to manipulate the network and take full control of the blockchain. While there is still a lot of uncertainty in the air regarding this issue, Kraken saw it fit to warn users against the risks of trading Bitcoin Cash SV. Risks Attached To Trading Bitcoin Cash SV On Sunday, the American-based cryptocurrency exchange posted a blog about it. It’s important to note that the exchange has credited Bitcoin Cash SV tokens to its clients and launched trading in BCH SV. However, the blog post stated that this new Bitcoin cash fork doesn’t meet its requirements. It termed the investments made on this token as high risk. Bitcoin Cash (BCH) Price Today – BCH / USD SEE ALSO: Blockchain May Be Used For E-Voting By Catalan Gover..

Cryptocurrency Is ‘a Big Deal’ But Needs Institutional Investment, Says KPMG...

One of the world’s biggest auditors has put a newly bullish case for cryptocurrency’s ascent to a “full-fledged asset class.” Netherlands-based ‘Big Four’ auditor KPMG released a bullish report on cryptocurrency Nov. 15. The report argues that institutional investors must join the industry for it to “realize its potential.” The report, dubbed ‘Institutionalization of Cryptoassets,’ focuses on why and how institutional investors should enter cryptocurrency, along with “challenges” the process faces and under what circumstances crypto could become a “full-fledged asset class.” “Cryptoassets have potential. But for them to realize this potential, institutionalization is needed,” the report’s authors argue, continuing: “Institutionalization is the at-scale participation in the crypto market of banks, broker dealers, exchanges, payment providers, fintechs, and other entities in the global financial services ecosystem. We believe this is a necessary next step for crypto to create trust and ..

XRP Takes The Lead As The Cryptocurrency Market Attempts A Recovery 

XRP was one of the few cryptocurrencies that held its gains during the last bearish wave. While other major cryptocurrencies well falling significantly against the USD thanks to the Bitcoin Cash ecosystem war, XRP was doing pretty well. Yesterday, a minor recovery started and the price of all cryptocurrencies started to rebound against the USD. While many major coins only experienced a little boost, XRP is significantly higher. XRP (XRP) Price Today – XRP / USD Name Price24H (%)$0.51 7.55% Bitcoin (BTC) was also down by less than one percent at press time. It was trading at $5,560. However, during the trading session yesterday, it went from $5,490 to $5,616. The current situation in the market is what led the Bloomberg analysts into predicting that the price of Bitcoin will go as low as $1,500 before the end of the bearish market. They believe that Bitcoin will still lose 70% of its current value after losing 60% within the year. XRP Thrives Against All Odds Main while, the second l..

Azerbaijan: Central Bank Doesn’t Plan to Issue Its Own Cryptocurrency

Central bank issued digital currencies are too “risky and dangerous,” according to the first Chairman of the Central Bank of Azerbaijan. The Central Bank of Azerbaijan (CBA) does not plan to issue a state-backed cryptocurrency because of the “great risks,” English-language Azerbaijani news outlet AzerNews reported Nov. 15. Alim Guliyev, the first Chairman at CBA, underlined that since digital currencies “come with great risks,” the CBA is not intending to launch a central bank issued digital currency (CBDC) any time soon. Guliyev, who sees such financial instruments as “risky and dangerous,” added that he believes money laundering is the prime goal of cryptocurrencies. An Israeli independent study group set up by the governor of the Bank of Israel came to a similar conclusion while exploring possibilities of issuing CBDCs, overall not recommending that the country’s central bank to issue its own token, Cointelegraph reported Nov. 7. Back this summer, the Bank of Finland released a stu..

Cryptocurrency Trading Volume Might Be Affected By Millions Of BCH Tokens...

Following the long expected hardfork, the cryptocurrency market will most likely lose millions in trading volume as BCH tokens get frozen. Already, many exchanges has paused deposits and withdrawals of BCH in anticipation of the hard fork that is scheduled to hold today. This is in a bid to minimize disruption of their services. Apart from this, those who have BCH coins in their portfolios may be unable to access them for a while. This will undoubtedly lead to a fall in trading volume for Bitcoin Cash and the total industry. Bitcoin Cash (BCH) Price Today – BCH / USD Name Price24H (%)$5,530.17 -12.78%$440.81 -9.62% Already, one of the largest exchanges in the world, CoinBase, has announced that it will be pausing withdrawals, deposits and trading of Bitcoin Cash (BCH) they encouraged users who will want to use their tokens during this period to remove it from the wallet before the time. The announcement was as follows: “Due to the current situation in the market, we have decided to ..

Four Fake Cryptocurrency Wallets Found on Google Play Store

A security researcher has found four fake cryptocurrency wallets on the Google Play Store. Malware researcher Lukas Stefanko has found four fake cryptocurrency wallets on the Google Play Store that were trying to steal users’ personal data, according to a blog post published Nov. 13. The apps were posing as cryptocurrency wallets for NEO, Tether and an extension for accessing Ethereum (ETH), MetaMask. They were purportedly designed to phish users’ mobile banking credentials and credit card information. Stefanko classified the wallets into two groups, wherein the fake MetaMask app was a “phishing wallet” and the other three apps were “fake wallets.” Once the phishing app is installed and launched, it requests the user's private key and wallet password. In a video attached to the blog post, Stefanko explained his research into the “fake wallets,” noting the example of the fake NEO app dubbed “Neo Wallet”, which had over 1,000 installs since its launch in October. The fake crypto wa..

Join a Comprehensive Study into Cryptocurrency Ownership and Personas

Advertisement This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Would you like to participate in a study that helps further the understanding of bitcoin ownership? Right now there is no clarity on who owns bitcoin and why. This, combined with the difficulties newcomers face in simply understanding what cryptocurrencies are and how they can be used, presents a significant barrier to wider adoption. The sensationalist reporting of mainstream media exacerbates the issue, with an unhealthy focus on price movement or unfounded stereotypes. The ‘Who’s Buying Bitcoin’ study aims to challenge those misperceptions through a data-driven piece of ground-breaking research based on interviews with, and surveys of, real crypto users. Our aim is to describe in quantitative terms who own coin, why they chose to invest and what they do with them. This world-first meaningful st..

IMF Vows to Continue ‘Devoting Attention’ to Blockchain, Cryptocurrency in Fintech...

The International Monetary Fund’s Deputy General Counsel made known about its plans to experiment with blockchain during a conference speech this week. The International Monetary Fund (IMF) said it plans to use its ongoing research and experimentation with blockchain as an “anchor” for its future policy on the technology in comments Nov. 12. Speaking on a panel with Ripple CEO Brad Garlinghouse during the Singapore Fintech Festival 2018, IMF Deputy General Counsel Ross Leckow highlighted three areas the organization has been “active” in regarding blockchain, cryptocurrency and more. “The IMF is devoting a lot of attention to fintech and in particular to blockchain,” he told the audience, continuing: “But we think that it’s difficult to talk about blockchain without considering it in light of the other new technologies that are forming part of the fintech debate.” For Leckow, these include artificial intelligence (AI), so-called distributed ledger technology (DLT), cryptoassets and sev..

Get Ready For A Cryptocurrency Bull Run As Predicted By Binance...

The year has almost come to an end and the long expected cryptocurrency bull run still hasn’t occurred. While many retail investors have given up on the possibility of a bull run happening this year, some big time industry leaders are still optimistic. One of such people is Changpeng Zhao, the CEO of one of the largest cryptocurrency exchanges in the world, Binance. What Changpeng Zhao Has To Say About Bitcoin (BTC) Not too long ago, Ran NeuNer, the CEO of CNBC, and OnChain, had a seat down with many prominent people in the cryptocurrency industry. Speaking with people like Roger Ver, Gabor Gubacs and Changpeng Zhao, NeuNer was able to get insight about the industry. Of particular interest was the opinion of Changpeng Zhao. He said that despite the current state of the market, he still believes that s cryptocurrency bull run is imminent. In his words: SEE ALSO: $6 Billion Gets Wiped Out Of The Cryptocurrency Market Within 48 Hours “Even if I don’t know what will catalise a Bitcoin bu..
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