Krasimir Buchvarov
Krasimir has been following the development of blockchain technology for several years and is optimistic about its potential. He covers breaking news in the sphere, focusing on innovation, regulation, and the cryptocurrency market.
Blockchain-Based vSIM Patent Awarded to Verizon
- The telecommunications giant could soon replace traditional physical SIM cards with a software version, secured with blockchain-based encryption.
- The vSIM could be used from multiple devices associated with the user's account,and even be temporarily assigned to other users.
CME Group to Launch Bitcoin Options in Q1 2020
- The Chicago-based exchange is aiming to provide its clients with "additional tools for precision hedging and trading" with its new Bitcoin options.
- Since the launch of its Bitcoin futures in 2017, the exchange has seen 20 successful futures expiration settlements and more than 3,300 individual accounts trading the contracts.
SEC to Talk Crypto at U.S. Congress Hearing
- The Committee on Financial Services will be holding a hearing, called "Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat", on 24 September.
- It will cover topics such as the SEC's actions in regards to public company disclosures, enforcement, fiduciary responsibilities, and the cryptocurrency space.
Coinbase Considering Listing GRAM and 16 Other Cryptocurrencies
- Some of the proposed cryptocurrencies are yet to go live, such GRAM, which is expected to be distributed in the next two months.
- Last month Coinbase announced 8 cryptocurrencies for consideration, but only two (Algorand and Dash) were added to its Pro platform so far.
SEC Chairman: BTC Needs Better Regulation to be Taken Seriously
- Speaking at the CNBC's Delivering Alpha conference, Jay Clayton remarked that the crypto market needs to build strong investor protections.
- He also added that Bitcoin and other cryptocurrencies do not go through the same price discovery practices as products on major exchanges.
Israeli Startup Secures $4M for Offline Crypto Wallet with Online Connectivity
- The $4 million funding round was led by the Co-Founder of Checkpoint, Marius Nacht, and Discount Capital.
- The new cold wallet uses "unidirectional connection" to link it to a blockchain, where it will have "hot wallet functionalities".
Token Sale Platform ICOBox Charged for Illegal Securities Offering
- ICOBox,and its Founder Nikolay Evdokimov were able to raise around $14 million through the sell of their "ICOS" token in 2017.
- The company also acted as an unregistered broker, by facilitating the sale of tokens from "dozens of clients", which were able to raise another $650 million.
Messaging Giant Line Launches Crypto Exchange in Japan
- Two weeks after receiving a cryptocurrency exchange license in Japan, Line launched Bitmax for its 81 million Japan-based users.
- The exchange will be available to Japanese persons with a Line account, and will not charge trading fees, only a 108 yen charge for deposits and withdrawals.
VanEck, SolidX Bitcoin ETF Proposal Withdrawn From SEC Review
- This is the second time the companies have withdrawn the ETF proposal, this time a month before the SEC's deadline.
- Weeks before, the two companies began offering limited Bitcoin ETFs to qualified institutional buyers under Rule 144A exemption.
Hedera Hashgraph’s Mainnet Open Beta Now Live
- Investors who participated in the crowdsale, through which the company gathered $124 million, are set to receive more than 379 million HBAR tokens.
- 14 cryptocurrency exchanges and over-the-counter desks have already stated their intent to list the HBAR token around the launch of the platform's mainnet.