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(ID) Pemula / MOVED: Apa situs web favorit Anda?
« on: January 17, 2019, 03:03:45 PM »

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Indonesian Language / [Q & A] Tanya Jawab seputar Forum
« on: January 10, 2019, 09:29:17 PM »
Buat para newbie yang masih bingung tentang forum ini silahkan bertanya disini. Dan buat para senior Indo di forum ini dimohon untuk membantu jika ada pertanyaan dari para newbie tentang forum ini dan aturan-aturannya.

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Wall Street giants are postponing their plans to more actively enter the crypto industry as the value of cryptocurrencies has fallen, Bloomberg reports Sunday, Dec. 23.

The article begins: "Limbo — that’s where to find Wall Street when it comes to cryptocurrencies," and then focuses on the efforts in the crypto sphere this year made by banking giant Goldman Sachs, multinational financial services company Morgan Stanley, major banking conglomerate Citigroup Inc. and United Kingdom financial services provider Barclays PLC.

According to people familiar with Goldman Sachs’ crypto business, the firm’s progress has been too slow to be noticeable. Moreover, the company’s crypto non-derivative funds have so far attracted only 20 clients, the unnamed sources told Bloomberg

In addition, Justin Schmidt, hired to head digital assets division at Goldman Sachs, revealed in November that regulators were limiting his plans. However, Bloomberg’s unnamed interlocutor adds that the company is going to add a digital assets specialist to its prime brokerage division.

As for Morgan Stanley, the company has been ready to launch swaps tracking Bitcoin futures since early fall, but has not yet received a single contract, sources told Bloomberg. Nonetheless, the firm is ready to launch crypto services as soon as there is any sign of demand, an unnamed source noted.

Citigroup and Barclays have experienced similar problems: sources say the United States-based banking group has not yet traded any of its crypto-related products within the regulatory framework, and two Barclays employees hired to explore the industry for the firm left this year. A spokesman noted that the U.K. company has no plans to open a crypto trading desk.

As Cointelegraph reported in October, Goldman Sachs’ former partner and current CEO of crypto investment firm Galaxy Digital Mike Novogratz predicted that institutions will likely become involved in more crypto deals in Q1-Q2 2019. Shortly after, Novogratz and Goldman Sachs invested about $15 million in U.S. crypto custody service BitGo.

In the meantime, the banking giant has since denied rumors of having abandoned its plans to launch a crypto trading desk.

In November, Morgan Stanley released their latest report on Bitcoin, titled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stating that Bitcoin (BTC) and altcoins have constituted a “new institutional investment class” since 2017.

And Bakkt, the digital assets platform created by the operator of the New York Stock Exchange, announced a target launch date for Jan. 24, 2018, pending regulatory approval.

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The Chilean Supreme Court has ruled against crypto exchange Orionx, allowing a state-owned bank to close its account, local news outlet Emol reported Dec. 4.

The third chamber of the high court has revoked the decision taken in July that had guaranteed protection to Orionx and forced local state-owned bank Banco del Estado to reopen its account. The new judgement cited by Emol states that the bank acted correctly and did not violate any rules of the Chilean constitution.

In the decision, the judge also claimed that cryptocurrencies “have no physical manifestation and no intrinsic value.” The document states that they are controlled neither by government nor by a corporation, citing the characteristics as reasons for letting banks refuse services to the exchange. The court decision explains that the nature of cryptocurrencies prevents banks from receiving detailed information on transactions, customers and companies that interact with the assets.

In addition to that, the supreme court raised the question of the illicit use of cryptocurrencies, claiming that crypto was involved in money laundering and terrorism financing. Given all these considerations, the bank’s closure of Orionx’s accounts was found legal.

It was not immediately clear if the court’s decision is applicable to other two crypto exchanges that have filed complaints this year regarding similar closures. 

The litigation started in mid-April 2018, when local crypto exchanges BUDA, Orionx, and CryptoMarket (CryptoMKT) applied to an appeals court to confront two banks, private Itau Corpbanca and state-owned Banco del Estado, that had shut down their platforms’ accounts. BUDA’s co-founder and CEO Guillermo Torrealba claimed at the time that the banks’ decision to close accounts was “killing the entire industry.”
In April and in July, the Antimonopoly Court and the Court of Appeals consecutively ordered Itau Corpbanca and Banco del Estado to reopen the accounts of Buda and Orionx.

In May, the president of the Central Bank of Chile Mario Marcel announced the institution was considering elaborating a regulatory framework for cryptocurrencies, in order to manage the risks associated with crypto trading. In October, Chilean MPs introduced a resolution on blockchain adoption that did not focus on cryptocurrencies.


Source: https://cointelegraph.com/news/chile-crypto-exchange-loses-ongoing-legal-battle-in-supreme-court-ruling?utm_source=Telegram&utm_medium=social

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Crypto Discussion / ​​The satellite operator owned by South Korea’s
« on: November 26, 2018, 03:57:18 PM »
​​The satellite operator owned by South Korea’s largest telecommunications company KT Corporation is exploring blockchain

Source: https://ctlgr.com/75r5

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The Gibraltar Blockchain Exchange (GBX) has secured a license from the Gibraltar Financial Services Commission (GFSC), according to a company blog post Nov. 22.
The GBX was established in July of this year by the Gibraltar Stock Exchange (GSX). The platform first announced its blockchain trading platform in November 2017, aiming to “become the world’s first nationally regulated digital asset marketplace and ecosystem.”

“As from 21st November 2018, the GBX will operate as a fully licenced provider of Distributed Ledger Technology (DLT), regulated by the Gibraltar Financial Services Commission under Gibraltar’s Financial Services Regulations 2018 DLT framework,” the announcement reads.
Per the statement, the move makes the GSX the first regulated stock exchange to own and operates a regulated blockchain exchange.

Currently the GBX supports trading in six digital assets, including Bitcoin (BTC), Ethereum (ETH), and the exchange’s native Rock (RKT) token, with plans to add more fiat currency onboarding options, in addition to USD, “in the near future.”
Gibraltar is known for its push to develop a blockchain and cryptocurrency-friendly environment. In February, Gibraltar’s government and the GFSC announced the creation of a draft law that will regulate Initial Coin Offerings (ICOs) in the British overseas territory.

One of the principal aspects of Gibraltar’s ICO regulations is said to be the introduction of the concept of “authorized sponsors,” who are supposed to be “responsible for assuring compliance with disclosure and financial crime rules.”
By March – ahead of the planned launch of the GBX – Gibraltar had attracted “200” prospective  ICOs, which reflected “huge” interest in launching token sales under the territory’s newly regulated ICO environment.


Source : https://cointelegraph.com/news/gibraltar-stock-exchanges-blockchain-platform-secures-licence-from-financial-regulator?utm_source=Telegram&utm_medium=social

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Crypto Discussion / Bitcoin Hits Lowest Since October 2017
« on: November 20, 2018, 05:39:44 PM »
⁠Broad losses are seen across cryptocurrency markets as Bitcoin Cash suffers amidst hard fork aftermath.

A “panicked” twenty-four hours in cryptocurrency markets saw Bitcoin (BTC) hit fresh lows not seen in over a year Nov. 20 as assets across the board shed millions.

Source: https://ctlgr.com/75gu

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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 study, entitled “The Great Illusion of Cryptocurrencies,” calling cryptocurrencies not real currencies but instead “accounting systems for non-existent assets,” Cointelegraph wrote Jul. 2.
Earlier this fall in Azerbaijan, the chairman of the Azerbaijani Internet Forum revealed the government’s plans to implement blockchain technology and smart contracts in the country’s legal system and “in the field of public utilities (water, gas and electricity supply),” Cointelegraph wrote Nov. 2.

Source: https://cointelegraph.com/news/azerbaijan-central-bank-doesnt-plan-to-issue-its-own-cryptocurrency?utm_source=telegram0&utm_medium=social

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Crypto Discussion / ⁠Crypto loans company Salt
« on: November 19, 2018, 03:01:59 PM »
⁠Crypto loans company Salt, once associated with Erik Voorhees, is facing an SEC probe over its 2017 $50 million token sale

https://ctlgr.com/758i

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Mining / IPO application of crypto mining
« on: November 18, 2018, 03:19:01 PM »
⁠The IPO application of crypto mining hardware manufacturer Canaan has expired amid questions from regulators about the firm’s business model

https://ctlgr.com/757v

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American software corporation Microsoft has released a serverless blockchain-powered Azure development kit, according to an announcement published Nov. 15.

The new product dubbed the “Azure Blockchain Development Kit” purportedly improves the capabilities of Microsoft’s Azure Blockchain Workbench. It contains features like off-chain identity and data, monitoring, and messaging application programming interfaces (API) in a format that can be used to develop blockchain-based apps.

Per the blog post, the initial release will focus on three core objectives, such as “connecting interfaces, integrating data and systems, and deploying smart contracts and blockchain networks.”

The product will purportedly enable individuals, organizations, and devices to connect to a blockchain via user interfaces. Microsoft says that the development kit includes SMS and voice interfaces, Internet of Things (IoT) device integration, support for mobile clients, bots, virtual assistants, and other related solutions.

In terms of smart contract interaction, Microsoft included Workbench integration scenarios into the development kit in such areas as the legacy apps and protocols, data, Software as a Service (SaaS), and registries, that generate a custom registry and registry item smart contracts.

Microsoft has also introduced a whitepaper dubbed “DevOps for Blockchain Smart Contracts,” explaining how to use the development kit for blockchain-based apps in certain business environments.

In August, Azure introduced a proof-of-authority (PoA) algorithm on its Ethereum (ETH) blockchain product, that purportedly allows a “more efficient” way of building decentralized applications (DApps) for private or consortium networks, where “all consensus participants are known and reputable.”

One example of Azure technology deployment in the commercial area is its integration into stock exchange Nasdaq Inc.’s Financial Framework (NFF) in late October. This will purportedly facilitate easier buyer and seller matching, management of delivery, and payment and settlement of transactions.


Source: https://ctlgr.com/757h

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​​An Executive Board member of the European Central Bank considers Bitcoin to be the “evil spawn of the 2008 financial crisis”

Source: https://ctlgr.com/7577

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